----

**EXHIBIT      10.70**

**AGREEMENT      ON TRANSFER OF PARTICIPATION INTEREST IN MEDIA INVEST, spol.      s r.o.**

**13      JULY 2007**

**between**

**Mr      Ján Kováčik**

**and**

**CME      Slovak Holdings B.V.**

----

| CONTENTS    |
|-------------|
|        |   |   |
| Clause      |   | Page |
| 1.          | Interpretation | 1 |
| 2.          | Transfer                of the Participation Interest | 1 |
| 3.          | Conditions                Precedent | 2 |
| 4.          | Completion | 3 |
| 5.          | Pre-Completion | 3 |
| 6.          | Consideration | 4 |
| 7.          | Loans                and Guarantees | 4 |
| 8.          | Transferor’s                Warranties | 5 |
| 9.          | Specific                Indemnity | 5 |
| 10.         | Transferee’s                Warranties | 6 |
| 11.         | Announcements                and Confidentiality | 7 |
| 12.         | Notices | 8 |
| 13.         | Further                Assurances | 9 |
| 14.         | Assignements | 9 |
| 15.         | Payments | 9 |
| 16.         | General | 10 |
| 17.         | Whole                Agreement | 10 |
| 18.         | Governing                Law and Jurisdiction | 10 |
| 19.         | Language | 10 |
| 20.         | Termination                or Rescission | 11 |
| 21.         | Amendments | 12 |
|        |   |   |
| Schedule    |   |   |
| 1.          | The                Company | 13 |
| 2.          | Memorandum                of Association | 14 |
| 3.          | Warranties | 15 |
|        | Part                1    Warranties                regarding Pre-Completion Activities | 15 |
|        | Part                2    Other                Warranties | 16 |
| 4.          | Interpretation | 24 |
|        |   |   |
| Signatories |   | 27 |

----

**THIS      AGREEMENT ON TRANSFER OF PARTICIPATION INTEREST**
**Agreement**

**BETWEEN:**

| (1) | **Mr                Ján Kováčik**, birth No.: 621204/6720, residing at Vydrovo 101, 976                52 Čierny Balog                (the                **Transferor**);                and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | **CME                Slovak Holdings B.V.**, a company organised under the laws of the                Netherlands, having its registered office at Dam 5 B, 1012JS Amsterdam,                the Netherlands, registered in the commercial register of the Chamber                of                Commerce and Industries for Amsterdam under the number                34274606  (the **Transferee**), acting through                Cosmina Maria Simion, under power of                attorney; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Parties**
**Party**

**BACKGROUND:**

| (A) | On                the basis of an agreement on transfer of participation interest dated                28                June 2007 as amended by the Amendment No. 1 dated 12 July 2007, the                Transferor acquired from                Ing.                Milan Fiľo, birth registration No.: 670821/6636, residing at Nám.                SNP 7127/2, Bratislava – Staré mesto 811 06 (**Mr                Fiľo**), a 50 per cent. participation interest in MEDIA                INVEST, spol. s r.o., Identification number: 36 044 024 (the                **Company**) short particulars of which are set in Schedule                1                and the Transferor therefore owns a 100 per cent. participation interest                in the Company. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | Under                the terms and conditions of this Agreement the Transferor wishes                to                transfer and the Transferee wishes to acquire his participation interest                in the Company, so that the Transferee becomes the owner of the 100                per                cent. participation interest in the                Company. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**IT      IS AGREED**

| **1.** | **INTERPRETATION** |
|--------|--------------------|

| **2.** | **TRANSFER                OF THE PARTICIPATION                INTEREST** |
|--------|--------------------------------------------------------------------------|

| 2.1 | Subject                to the Conditions being satisfied or waived, the Transferor transfers                the                Participation Interest to the Transferee and the Transferee acquires                the                Participation Interest. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | The                Participation Interest shall be transferred free of any Encumbrance                and                together with all rights attaching to                it. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.3 | The                consideration for the transfer of the Participation Interest shall                be                determined in accordance with the provisions of the Agreement on                Consideration. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.4 | The                Transferee declares that as of the Completion Date it accedes to                the                Company's memorandum of association, which is attached in Schedule                2. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.5 | The                Transferor acknowledges that the Transferee enters into this Agreement                in                reliance on the representations, warranties and undertakings on the                part                of the Transferor set out in this                Agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.6 | The                Transferor covenants with the Transferee that he has the right to                transfer                his Participation Interest to the Transferee under the terms and                conditions set out in this                Agreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **3.** | **CONDITIONS                PRECEDENT** |
|--------|-----------------------------------------|

| 3.1 | The                transfer of the Participation Interest is conditional                upon: |
|-----|-----------------------------------------------------------------------------------------------|

|   | (a) | the                Transferee giving notice to the Transferor that it is satisfied on                inspection and investigation as to the financial, contractual and                taxation                position of the Company, the title of the Company to its respective                assets                (including the title of the Company to the Participation Interest                in                Markíza) and it has not identified any major issues during such inspection                and investigation; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the                Transferee having received a resolution of the Council, in which                the                Council: (i) issues its prior approval to the transfer of a 34%                participation interest in Markíza from CME Media Enterprises B.V., with                its registered office at Dam 5B, Amsterdam 1012JS Amsterdam, the                Netherlands (**CME**) to the Transferee and (ii) acknowledges                the transfer of the Participation Interest from the Transferor to                the                Transferee, in the form and with the content satisfactory to the                Transferee; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | the                Transferee having received from the Transferor the following documents                in                each case in the form and with the contents satisfactory to the                Transferee: |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the                agreement whereby a 50% participation interest in the Company has                been                transferred                from Mr. Fiľo to the                Transferor; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | minutes                of the general meeting of the Company duly approving the transfer                of a 50%                participation interest in the Company from Mr.                Fiľo                to the Transferor; |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | a                certificate duly executed by the spouse of Mr                Fiľo, in                which the spouse consents to the transfer of a 50% participation                interest in the Company from Mr.                Fiľo                to the Transferor; |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | resolution                of the sole participant acting in the capacity of the general meeting                of                the Company duly approving the transfer of the Participation Interest                from                the Transferor to the Transferee under this                Agreement; |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | resignations                of the executives of the Company                (for the                avoidance of doubts also of Mr Fiľo), or other documents proving that the                function of an executive of the Company terminated with the effect                as of Completion Date, or any other such date as may be acceptable                for the                Transferee, and confirmations in which the executives acknowlede                they have                no claim against the Company, whether for loss of office or                otherwise; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vi) | confirmation                of the                Transferor and Mr. Fiľo, effective on Completion Date,                acknowledging that these persons have no claims against the                Company; |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vii) | resignation                of Mr Kováčik as an executive of Markíza and as a member of the                Board of Representatives of Markíza, effective on Completion Date, or any                other such date as may be acceptable for the Transferee, acknowledging                that he has no claim against Markíza, whether for loss of office or                otherwise; and |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (viii) | a                resignation of Mr Fiľo as a member of the Board of Representatives                of Markíza, effective on Completion Date, or any other such date as may be                acceptable for the Transferee,, acknowledging that he has no claim                against                Markíza, whether for loss of office or                otherwise. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.2 | The                Transferee may waive all of the Conditions above (either in whole                or in                part) at any time by giving notice to the Transferor. Any such waiver                is                without prejudice to Transferee's right to compensation in respect                of a                breach of any covenant or inaccuracy of any Warranty, as otherwise                provided in this Agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | Each                Party shall use all reasonable endeavours to procure (so far as it                is so                able to procure) that each of the Conditions is satisfied on or before                30                September 2007 (or such later date as may be agreed by the Parties)(the                **Long Stop Date**).  If all of the Conditions are                not satisfied, or waived in accordance with the sub-clause 3.2 above,                on                or before the Long Stop Date, the Transferee may terminate this Agreement                in accordance with the clause headed                "Termination". |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4 | Each                Party shall promptly inform the other Parties in writing about any                relevant matters in relation to, and shall keep the other Parties                informed                in writing of, the progress to completion of fulfilment of all Conditions                and any material impediments or delays or of the existence or occurrence                of any conditions that may adversely affect the fulfilment of all                Conditions.  Each Party shall provide each other Party with all                information which each other Party shall reasonably request in writing                in                order to determine that that Party has complied with its obligations                under                sub-clause 3.3. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.5 | The                Party which is obliged to provide a document shall provide to the                other                Party an original or a certified copy of each document required pursuant                to sub-clause 3.1 as and when                obtained. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.6 | Immediately                after all of the Conditions have been satisfied or waived in accordance                with clause 3.2, the Transferee shall notify the Transferor of this                fact                in writing. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **4.** | **COMPLETION** |
|--------|----------------|

| 4.1 | The                transfer of the Participation Interest under this Agreement shall                become                effective between the Parties as of the date on which the all of                the                Conditions are satisfied or waived in accordance with clause 3.2                and the                Transferee notifies the Transferor of this fact in writing pursuant                to                clause 3.6 (the **Completion                Date**). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | On                the Completion Date, the Transferee shall deliver to Markíza (with a copy                to the Transferor): (i) one executed counterpart of this agreement;                and                (ii) a written certificate confirming that the Conditions have been                satisfied or waived. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5.** | **PRE-COMPLETION** |
|--------|--------------------|

| **5.1** | **Access                and cooperation** |
|---------|-------------------------------------------|

|   | (a) | procure                that the Transferee, its agents and advisors are given full access                to the                books and records of the Company during normal business hours on                any                Business Day and on reasonable notice to the                Transferor; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | provide                such information regarding the Company as the Transferee may reasonably                require in order to carry our the inspection and investigation envisaged                under clause 3.1(a); |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | provide                such other co-operation to the Transferee, its agents and advisers                as they                may reasonably require in each case to enable them to obtain information                about the operations of the Company, including its financial, legal,                and                trading status; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | provide                information, data and other assistance as may be reasonably required                by                the Transferee with a view to assisting the achievement of the                satisfaction of the Condition set out in sub-clause 3.1(b);                and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (e) | abstain                from making any act, statement (whether public or not) or activity                that                might be adverse to (i) the purpose of achieving the satisfaction                of the                Condition set out in sub-clause 3.1(b) or to (ii) Markíza and/or Markíza's                Licence. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5.2** | **Notice                of any change** |
|---------|-----------------------------------------|

|   | (a) | The                Transferor shall immediately send a notice to the Transferee in writing                of                any matter or thing which arises or becomes known to him before Completion                which: |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | is                likely to constitute (or would after the lapse of time constitute)                a                misrepresentation or a breach of any of the other obligations on                his part                under this Agreement or makes any Warranty incorrect or misleading;                or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | would                mean that any of his Warranties would be incorrect or misleading                at                Completion. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Any                such notice must specify that matter or circumstance in reasonable                detail                and set out such other facts as the Transferee deems necessary specifying                that matter or circumstance in reasonable                detail. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5.3** | **No                change in warranted status** |
|---------|--------------------------------------------------|

| **6.** | **CONSIDERATION** |
|--------|-------------------|

**Agreement on      Consideration**

| **7.** | **LOANS                AND GUARANTEES** |
|--------|-----------------------------------------|

| 7.1 | The                Parties acknowledge that the Consideration for the transfer of the                Participation Interest has been agreed on the basis                that: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | no                indebtedness of any kind (whether or not presently payable) is owed                by the                Company to any person other than the indebtedness shown in the accounting                records of the Company that shall be repaid in full by the Company                on the                Completion Date; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | all                indebtedness owed by the Transferor,                Mr.                Fiľo (and any Related Person to the Transferor                or Mr. Fiľo) to the Company (whether or not presently payable) is                repaid in full by the Transferor,                Mr.                Fiľo or such Related Person to the Company on the Completion                Date. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | The                Transferor shall procure that on or before the Completion Date all                indebtedness due from the Transferor,                Mr.                Fiľo (and any Related Person to the Transferor                or Mr. Fiľo) to the Company is satisfied in full.  If it                is established at any time after Completion that any indebtedness                of any                kind (whether or not presently payable) was owing on the Completion                Date                by the Transferor,                Mr. Fiľo (and any Related Person to the Transferor                or Mr. Fiľo) to the Company, contrary to the basis stated above,                then the Transferor shall procure that such indebtedness is immediately                paid in full. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3 | The                Transferor shall procure that on Completion the Company is released                from                all guarantees and indemnities given by the Company.  The                Transferor shall procure that on the Completion Date, all indebtedness                owing immediately before on the Completion Date from the Company                is or has                been satisfied in full. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **8.** | **TRANSFEROR’S                WARRANTIES** |
|--------|--------------------------------------------------|

| 8.1 | The                Transferor represents and warrants to the Transferee that each of                the                statements set out: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | in                Part 1 of Schedule 3 will at Completion be true, accurate and not                misleading; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------|

|   | (b) | in                Part 2 of Schedule 3 is at the date of this Agreement and will at                Completion be true, accurate and not                misleading. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.2 | Each                of the Warranties is separate and independent and, except as expressly                provided to the contrary in this Agreement, is not limited by reference                to                any other Warranty. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.3 | None                of the Warranties shall, and the Transferee's ability to make any                claim                under this Agreement shall not, be treated as waived, qualified or                otherwise affected by any actual knowledge or any knowledge imputed                to the                Transferee or its agents and advisers, including any knowledge resulting                from any due diligence investigation carried out by or on behalf                of the                Transferee before Completion or which the Transferee has or obtains                otherwise than in pursuance of its rights under this                Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4 | Without                prejudice to any other remedy available to the Transferee or its                ability                to claim damages on any basis which is available to it by reason                of any of                the Warranties being untrue or misleading or being breached, the                Transferor will, under section 725 et seq. of the Commercial Code,                indemnify the Transferee in respect of all liabilities (including                costs,                damages or losses, fees and expenses) that the Transferee may suffer                resulting from or in connection with any of the Warranties being                breached,                untrue or misleading, and for any breach by the Transferor of any                of his                obligations under this Agreement, including an amount equal to any                deficiency or liability of the Company which arises from any of the                Warranties being breached, untrue or misleading and which would not                have                existed or arisen if the Warranty in question had not been breached,                untrue or misleading. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.5 | For                the purposes of clause 8.4 the Parties confirm                that: |
|-----|----------------------------------------------------------------------------------------|

|   | (a) | the                Transferor has requested the Transferee to rely on the Warranties                being                true and accurate as of the date when made or deemed to be made and                on the                Transferor’s promise to comply with all their obligations in this                Agreement and the Transferee has not been obliged to make such reliance;                and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | section                728 of the Commercial Code does not apply to the Transferee under                this                clause. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------|

| **9.** | **SPECIFIC                INDEMNITY** |
|--------|---------------------------------------|

| 9.1 | Without                prejudice to any other remedy available to the Transferee (including                the                damages on any basis which is available to it by reason of any of                the                Transferors' Warranties being untrue or misleading or being breached),                the                Transferor will, under section 725 et seq. of the Commercial Code,                indemnify the Transferee in respect of any damage and costs of any                kind                (including, but not limited to, penalties, dines, administrative,                court                and other costs of legal representation) that the Transferee may                suffer,                including an amount equal to any deficiency or liability of the Company,                in connection with or as a result                of: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | any                liability to pay Taxation or any other related liability incurred                as a                result of any tax non-deductible expense of the Company being treated                as                tax deductible or any tax deductible expense of the Company being                treated                as tax non-deductible; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | any                liability to pay Taxation or any other related liability incurred                as a                result of the revenue created upon the disposal of the liability                by the                Company's accession to the debt of CREDIT PARTNER, spol. s r.o. towards                Slovenská                televízna spoločnosť, s.r.o.;                and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (c) | any                liability to pay Taxation, provide tax guarantee or other related                liability incurred as a result of the failure to provide tax guarantee                in                connection with a payment to a Cypriot company Tripnet Trading                Ltd.. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | For                the purposes of sub-clause 9.1, the Parties confirm                that: |
|-----|---------------------------------------------------------------------------------------------|

|   | (a) | the                Transferor has requested the Transferee to rely on the their promise                that                none of the claims in sub-clause 9.1 will arise, and the Transferee                has                not been obliged to make such reliance;                and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Section                728 of the Commercial Code shall not                apply. |
|--------|-----|-----------------------------------------------------------------------------------|

| 9.3 | For                the avoidance of doubt, the liability of the Transferor under this                clause                9 shall not be limited or qualified by any disclosure against this                matter                or any actual knowledge or any knowledge imputed to the Transferee                or its                agents and advisers. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **10.** | **TRANSFEREE’S                WARRANTIES** |
|---------|--------------------------------------------------|

|   | (a) | the                acquisition of a 34% participation interest in Markíza by the Transferee                from CME, to which the Council issued its prior approval on the day                preceding the day, on which this Agreement has been entered                into; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the                acquisition of an indirect 66% participation in Markíza by the Transferee                (through the acquisition of the Participation Interest from the Transferor                and the acquisition of all of the issued share capital of the company                A.R.J., a.s., Identification number: 36 379 921 from                CME); |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | the                amendment to Markíza's memorandum of association in relation                to: |
|--------|-----|---------------------------------------------------------------------------------------------------------|

|   | (i) | the                change of Markíza's participant and its participation interest in Markíza                as a result of the transfer of the 34% participation interest in                Markíza                by CME to the Transferee; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the                reduction of Markíza's executives (in Slovak *konateľov*)                from three to two executives; |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | preserving                the wording of Markíza's memorandum of association in relation                to: |
|--------|-----|------------------------------------------------------------------------------------------------------------------|

|   | (i) | the                manner in which the members of Markíza's board of representatives are                appointed and removed by Markíza's participants (including without                limitation the right of the Company to appoint and remove two members                of                Markíza's board of                representatives); |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the                requirement to obtain an affirmative vote of at least one member                of                Markíza's board of representatives appointed by the Company to make                material changes in Markíza in relation to programming structure (Sect. 3                (e) of the Broadcasting Act), in programs (Sect. 3 (f) and (h) of                the                Broadcasting Act), content and structure of the broadcasting (Sect.                3 (a)                of the Broadcasting Act); |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **11.** | **ANNOUNCEMENTS                AND CONFIDENTIALITY** |
|---------|------------------------------------------------------|

| 11.1 | No                Party shall make or permit any person connected with it to make any                announcement concerning this transfer or any ancillary matter before,                on                or after Completion except as required by law or any competent regulatory                body or with the prior written approval of the other Parties, such                approval not to be unreasonably withheld or                delayed. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2 | The                Transferee: |
|------|--------------------------------|

|   | (a) | shall                keep confidential all information provided to it by the Transferor                which                relates to the Transferor; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | if                after Completion, the Company holds confidential information relating                to                the Transferor, shall keep that information confidential and, to                the                extent reasonably practicable, shall return that information to the                Transferor or destroy it. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.3 | The                Transferor shall and shall procure                that: |
|------|----------------------------------------------------------------------------|

|   | (a) | any                person connected with it from time to time shall keep confidential                all                information provided to it by or on behalf of the Transferee or otherwise                obtained by or in connection with this Agreement which relates to                any                member of the Transferee; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | if                after Completion a Transferor holds confidential information relating                to                the Company, it shall keep that information confidential and, to                the                extent reasonably practicable, shall return that information to the                Transferee or destroy it. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.4 | Nothing                in this clause prevents any confidential information being                disclosed: |
|------|-------------------------------------------------------------------------------------------------------------|

|   | (a) | with                the written approval of the other Parties, which in the case of any                announcement shall not to be unreasonably withheld or delayed;                or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | to                the extent required by law or any competent regulatory body, but                a Party                required to disclose any confidential information shall promptly                notify                the other Parties, where practicable and lawful to do so, before                disclosure occurs and co-operate with the other Parties regarding                the                timing and content of such disclosure or any action which the other                Parties may reasonably elect to take to challenge the validity of                such                requirement. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.5 | Nothing                in this clause prevents disclosure of confidential information by                any                Party: |
|------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | to                the extent that the information is in or comes into the public domain                other than as a result of a breach of any undertaking or duty of                confidentiality by that Party/any person;                or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | to                that Party's professional advisers, auditors or bankers, but before                any                disclosure to any such person the relevant Party shall procure that                he is                made aware of the terms of this clause and shall use its best endeavours                to procure that each such person adheres to those terms as if he                were                bound by the provisions of this                clause. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **12.** | **NOTICES** |
|---------|-------------|

| 12.1 | Any                notice or other formal communication given under this Agreement (which                includes fax, but not email) must be in writing and may be delivered                in                person, or sent by post or fax to the Party to be served at its address                appearing in this Agreement as                follows: |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (a) | Transferor |
|--------|-----|------------|

**Ján          Kováčik**

|   | Address: | Vydrovo                    101, 975 62 Čierny                    Balog |
|--------|----------|-----------------------------------------------------------------------------|

|   | Fax: | +421                    2 4870 0049 |
|--------|------|-------------------------------------|

|   | (b) | Transferee |
|--------|-----|------------|

**CME          Slovak Holdings B.V.**

|   | Address: | Dam                    5 B, 1012JS Amsterdam, the                    Netherlands |
|--------|----------|----------------------------------------------------------------------------------|

|   | Fax: | +                    31 20 423 1404 |
|--------|------|-------------------------------------|

|  | To                    the attention of:  | General                    Counsel |
|--|-----------------------------------------------|------------------------------------|

|   | with                    a copy to: |
|--------|------------------------------------|

|   | Address: | 71-91                    Aldwych, London WC2B 4HN, United                    Kingdom |
|--------|----------|--------------------------------------------------------------------------------------|

|   | Fax: | +44                    20 7430 5403 |
|--------|------|-------------------------------------|

|  | To                    the attention of: | General                    Counsel |
|--|-----------------------------------------|------------------------------------|

| 12.2 | Any                notice or other communication shall be deemed to have been                given: |
|------|-----------------------------------------------------------------------------------------------------|

|   | (a) | if                delivered, on the date of delivery;                or |
|--------|-----|-------------------------------------------------------------------------|

|   | (b) | if                sent by post, on the second Business Day after it was put into the                post;                or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------|

|   | (c) | if                sent by fax, on the date of transmission, if transmitted before                3.00 p.m. (local time at the country of destination) on any Business                Day, and in any other case on the Business Day following the date                of                transmission. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.3 | In                proving the giving of a notice or other communication, it shall be                sufficient to prove that delivery was made or that the envelope containing                the communication was properly addressed and posted by prepaid recorded                delivery post or by prepaid airmail or that the fax was properly                addressed                and transmitted, as the case may                be. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **13.** | **FURTHER                ASSURANCES** |
|---------|---------------------------------------|

| 13.1 | On                or after Completion the Transferor shall, at his own cost and expense,                execute and do (or procure to be executed and done by any other necessary                Party) all such documents, acts and things as the Transferee may                from time                to time require in order to acquire the Participation Interest or                as                otherwise may be necessary to give full effect to the Transaction                Documents. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.2 | In                relation to the Company, the Transferor shall procure the convening                of all meetings, the giving of all waivers and consents and the passing                of                all resolutions as are necessary under statute, its constitutional                documents or any agreement or obligation affecting it to give effect                to                the Transaction Documents. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **14.** | **ASSIGNEMENTS** |
|---------|------------------|

| **15.** | **PAYMENTS** |
|---------|--------------|

| 15.1 | Each                payment of the Consideration to be made under this Agreement or the                Agreement on Consideration shall be made in SKK by transfer of the                relevant amount into the relevant account on or before the date the                payment is due for value on that date.  The relevant account for                a given payment is: |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | if                that payment is to the Transferor, to the account of the Transferor                at: |
|--------|-----|----------------------------------------------------------------------------------------------------------|

**Ján      Kováčik**

|   | bank: | Tatra                banka, CODE: 1100 |
|--------|-------|----------------------------------------|

|   | sort                code: | IBAN                CODE: 1100 0000 0000 5333 8777 |
|--------|---------------------------|----------------------------------------------------|

|   | account                number: | 5333                8777, SWIFT: TATRSK BX |
|--------|--------------------------------|--------------------------------------------|

|   | (b) | if                that payment is to the Transferee, the account as the Transferee                shall,                not less than three (3) Business Days before the date that payment                is due,                have specified by giving notice to the Transferor for the purpose                of that                payment. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.2 | If                a Party defaults in the payment when due of any sum payable under                this                Agreement, it shall pay interest on that sum from the date on which                payment is due until the date of actual payment (as well after as                before                judgment) at an annual rate of one (1.0) per cent. above the one                (1) month                EURIBOR rate valid on the first day of default and each monthly                anniversary thereof, which interest shall accrue from day to day                and be                compounded monthly. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.3 | If                the Transferor is required by law to make a deduction or withholding                in                respect of any sum payable under this Agreement, he shall, at the                same                time as the sum which is the subject of the deduction or withholding                is                payable, make a payment to the Transferee of such additional amount                as                shall be required to ensure that the net amount received by the Transferee                will equal the full amount which would have been received by it had                no                such deduction or withholding been required to be                made. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **16.** | **GENERAL** |
|---------|-------------|

| 16.1 | Each                of the obligations, warranties and undertakings set out in this Agreement                (excluding any obligation which is fully performed at Completion)                shall                continue in force after Completion and shall not be affected by the                waiver                of any Condition or any notice given by the Transferee in respect                of any                Condition. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.2 | The                Transferee may release or compromise in whole or in part the liability                of                the Transferor under this Agreement or grant any time or indulgence                to the                Transferor without affecting any other liabilities of the                Transferor. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 16.3 | Except                as otherwise expressly provided in this Agreement, each Party shall                pay                the costs and expenses incurred by it in connection with the entering                into                and completion of this Agreement. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **17.** | **WHOLE                AGREEMENT** |
|---------|------------------------------------|

| 17.1 | This                Agreement, the Agreement on Consideration and other Transaction Documents                contain the whole agreement between the Parties relating to the                transactions contemplated by the Transaction Documents and supersede                all                previous agreements, whether oral or in writing, between the Parties                relating to these transactions. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.2 | Each                Party acknowledges that in agreeing to enter into this Agreement                it has                not relied on any representation, warranty, collateral contract or                other                assurance (except those set out in this Agreement) made by or on                behalf of                the other Party before the entering into of this Agreement. Each                Party                waives all rights and remedies which, but for this sub-clause, might                otherwise be available to it in respect of any such representation,                warranty, collateral contract or other                assurance. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **18.** | **GOVERNING                LAW AND JURISDICTION** |
|---------|---------------------------------------------------|

| 18.1 | This                Agreement is governed by Slovak law. This Agreement is governed by                the                provisions of the Commercial Code, save for those disapplied or modified                by this Agreement. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.2 | Each                of the Parties agrees that the application of any provision of Slovak                law                that is not of a strictly mandatory nature is expressly excluded                to the                extent that it could alter the meaning or purpose of any provision                of this                Agreement. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.3 | Any                dispute arising out of or in connection with this Agreement (including                any                question regarding its existence, validity, binding effect or termination)                shall be referred to, and finally resolved in arbitration proceedings                conducted under the Rules of Arbitration of the ICC (the                **Rules**). The Rules are deemed to be incorporated by                reference into this Agreement. The tribunal shall consist of three                arbitrators who shall be appointed by the parties in writing (pursuant                to                the Rules), or if they fail to do so, within twenty-one (21) days                of the                day when any of the Parties requested the dispute to be resolved                by                arbitration, by one arbitrator appointed pursuant to the Rules. The                place                of any such arbitration shall be Vienna and the language of proceedings                English. The parties will be bound by any resulting arbitral                award. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **19.** | **LANGUAGE** |
|---------|--------------|

| **20.** | **TERMINATION                OR RESCISSION** |
|---------|----------------------------------------------|

| **20.1** | **Termination** |
|----------|-----------------|

|   | (a) | by                a written agreement between the Parties from the date specified in                it; |
|--------|-----|---------------------------------------------------------------------------------------------------------|

|   | (b) | by                the Transferee upon sending a written notice of termination to the                Transferor being effective from the date of delivery of the notice                of                termination to the Transferor, if any of the Conditions are not fulfilled                or waived on or before the Long Stop                Date. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **20.2** | **Rescission** |
|----------|----------------|

| (a) | This                Agreement may be rescinded by the Transferee upon sending a written                notice                of rescission to the Transferor being effective from the date of                delivery                of the notice of rescission to the Transferor, if the Council dismisses                changes to Markíza's Licence under Section 51(3) of the Broadcasting Act                upon notification of changes resulting from the transactions envisaged                in                the application for the Council's prior approval to the transfer                of a 34%                participation interest in Markíza from CME submitted to the Council by                Markíza on 21 June 2007, was discussed at the Council on the oral heading                on 3 July 2007 and the Transferee adhered to all warranties under                clause                10 of this Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Upon                rescission of this Agreement the Transferor shall                immediately: |
|-----|---------------------------------------------------------------------------------------------------|

|   | (i) | return                to the Transferee the                Consideration; |
|--------|-----|---------------------------------------------------------------------------|

|   | (ii) | do,                or procure to be done, all such acts and things and sign and deliver,                or                procure to be signed and delivered, all such documents that are necessary                or reasonable: |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (A) | to                duly acquire the Participation Interest from the Transferee so that                the                Participation Interest is re-transferred back to the                Transferor; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (B) | to                accept the appointment of the Transferor as an executive of                Markíza; |
|--------|-----|------------------------------------------------------------------------------------------------------------|

|   | (C) | to                accept the appointment of the Transferor as a member of Markíza's board of                representatives; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------|

|   | (D) | to                procure that Mr                Fiľo                accepts his appointment as a member of Markíza's board of                representatives; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (E) | to                perform any action required to comply with a remedy (in Slovak                *náprava*) requested by the                Council. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20.3 | Upon                the termination or rescission under this clause, the Parties shall                have no                liability to each other arising our of this Agreement and all clauses                of                this Agreement shall terminate and cease to be                effective: |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | save                for clauses 1, 8 to 21 and the provisions of Schedule 4 (jointly                the                **Surviving Provisions**) and the remaining provisions of and                Schedules to this Agreement shall survive the termination or rescission                and shall continue to be valid to the extent of references to them                in the                Surviving provisions; but |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | neither                the lapsing of those provisions nor their ceasing to have effect                shall                affect any accrued rights or liabilities of any Party in respect                of                damages for non-performance of any obligation under this Agreement                falling                due for performance prior to such termination or                rescission. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20.4 | This                Agreement cannot be terminated or rescinded otherwise than in accordance                with this clause 20. The application of provisions of Section 344                of the                Commercial Code concerning the reasons for rescission established                by law                and other related provisions of the Commercial Code to this Agreement                is                hereby expressly excluded to the extent of their conflict with the                previous sentence. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| **21.** | **AMENDMENTS** |
|---------|----------------|

**AS      WITNESS**

----

**SCHEDULE      1**

**THE      COMPANY**

| Company                name: | MEDIA                INVEST, spol. s r.o. |
|------------------------------|-------------------------------------------|

| Registered                office: | Skuteckého                23, 974 01 Bratislava |
|-----------------------------------|------------------------------------------------------|

| Identification                No.: | 36                    044 024 |
|------------------------------------|-------------------------------|

| Date                of incorporation: | 28                September 2000 |
|---------------------------------------|----------------------------------|

| Legal                form: | limited                liability company |
|----------------------------|------------------------------------------|

| Scope                  of the Company's business: | purchase                  of goods for the purposes of their sale to an end customer in the                  scope of                  free trades; purchase of goods for the purposes of their sale to                  other                  performers of trades; business and services mediation; advertising                  and                  promotional activities; leasing of industrial goods; publication                  of                  periodical and non-periodical publications; public opinion researches                  and                  communication with the public; mediation activities in the field                  of                  sponsorship for the electronic media programmes in tangible and                  intangible                  field; sale of time for advertising broadcasting in all regular                  and                  irregular blocks of an electronic medium; and usage of results                  of the                  creative activities with the consent of the                  author |
|---------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Executives: | Ing.                Milan Fiľo,                Mr Ján                Kováčik |
|-------------|--------------------------------------------------------------------------------------------------|

| Acting                on behalf of the Company: | both                executives represent and sign on behalf of the Company                jointly |
|-------------------------------------------------|---------------------------------------------------------------------------------------------------|

| Registered                capital: | SKK                200,000 |
|------------------------------------|----------------------------|

| Supervisory                Board: | No |
|-----------------------------------|----|

----

**SCHEDULE      2**

**MEMORANDUM      OF ASSOCIATION**

----

**SCHEDULE      3**

**WARRANTIES**

**PART      1**

**WARRANTIES      REGARDING PRE-COMPLETION ACTIVITIES**

| (a) | incur                any expenditure exceeding EURO 5,000 and incur any expenditure in                relation                to Taxation exceeding EURO 13,000;                or |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | dispose                of or create any Encumbrance in respect of any part of its assets                (including the Participation Interest in Markíza or any part of it);                or |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | borrow                any money or make any payments out of or drawings on its bank account(s);                or |
|-----|-------------------------------------------------------------------------------------------------------------------|

| (d) | except                as contemplated under the Transaction Documents, enter into any contract                or commitment, or: |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | make                or prepay any loan; or |
|--------|-----|--------------------------------------------|

|   | (ii) | fail                to observe and perform any term or condition of, or waive any rights                under, any contract or arrangement;                or |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | contravene                any statute, order, regulation or the like;                or |
|--------|-------|-----------------------------------------------------------------------------------------|

|   | (iv) | do                or omit to do anything which might result in the termination, revocation,                suspension, modification or non-renewal of any licence or consent                held by                it or the Markíza's Licence; or |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | grant                any power of attorney; or |
|--------|-----|------------------------------------------------|

| (e) | declare,                make or pay any dividend or other distribution or do or allow to                be done                anything which renders its financial position less favourable than                at the                date of this Agreement; or |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | grant,                issue or redeem any mortgage, charge, debenture or other security                or give                any guarantee or indemnity; or |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | employ                any person; or |
|-----|--------------------------------------|

| (h) | increased                or decreased its registered capital or agreed to increase or decrease                its                registered capital or issued any debenditures, options or any type                of                securities; or |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i) | except                as contemplated under the Transaction Documents, pass any resolution                of                its participants, whether in general meeting or otherwise;                or |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (j) | form                any subsidiary or acquire shares in any company or participate in,                or                terminate any participation in, any partnership or joint venture;                or |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (k) | agree,                conditionally or otherwise, to do any of the foregoing;                or |
|-----|-------------------------------------------------------------------------------------------------|

| (l) | in                any other way depart from the ordinary course of its day-to-day                trading. |
|-----|-----------------------------------------------------------------------------------------------------------|

----

**PART      2**

**OTHER      WARRANTIES**

| **1.** | **GENERAL** |
|--------|-------------|

| **1.1** | **Accuracy                of recitals and schedules** |
|---------|-------------------------------------------------------|

| **1.2** | **Capacity                and consequences of the                transfer** |
|---------|-----------------------------------------------------------------------------|

| (a) | The                Transferor has the requisite capacity, power and authority to enter                into                and to perform this Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | This                Agreement and all other documents to be entered into by the Transferor                in                connection with this Agreement will, when executed, constitute binding                obligations of the Transferor in accordance with their respective                terms. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The                signature of and the compliance with the terms of this Agreement                does not                and will not: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | conflict                with or constitute a default under any provision                of: |
|--------|-----|---------------------------------------------------------------------------------------------|

|   | (A) | any                agreement or instrument to which the Transferor or the Company is                a                party; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------|

|   | (B) | the                constitutional or corporate documents of the                Company; |
|--------|-----|-----------------------------------------------------------------------------------------|

|   | (C) | any                order, judgment, decree or regulation or any other restriction of                any kind                by which the Transferor or the Company is bound;                or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | relieve                any other party to a contract with the Company of its obligations                or                enable that party to vary or terminate its rights or obligations                under                that contract; |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | result                in the creation or imposition of any Encumbrance on any of assets                of the                Company (including the Participation Interest in Markíza) or the repayment                of any indebtedness of the Company. |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | No                announcements, consultations, notices, reports or filings are required                to                be made in connection with the transactions contemplated by this                Agreement                and no consents, approvals, registrations, authorisations or permits                are                required to be obtained by the Transferor or the Company in connection                with the execution and performance of this                Agreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | There                are no pending or threatened actions or proceedings by or before                any court                or other governmental body or agency which seek to restrain, prohibit                or                invalidate the transactions contemplated under this                Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.3** | **Constitutional                and corporate documents** |
|---------|-----------------------------------------------------------|

| (a) | The                Company has been duly incorporated and properly formed, and is validly                existing under the laws of the jurisdiction of its                incorporation. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The                  list of participants and other books and registers of the Company                  required                  by the relevant laws have been maintained properly and no notice                  or                  allegation that any of them is incorrect or should be rectified                  has been                  received. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (c) | All                returns, resolutions and other documents which the Company is required                by                law to file with or deliver have been correctly made up and duly                filed or                delivered. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | The                copies of the constitutional and corporate documents of the Company                which                have been given to the Transferee or its advisers are true and accurate                and complete, and have not been                breached. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.4** | **Ownership                of the Participation                Interests** |
|---------|----------------------------------------------------------------------------|

| (a) | The                Transferor is the sole owner of the Participation Interest and has                the                full power, right and authority to transfer the Participation Interest                to                the Transferee. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The                Participation Interest constitutes 100 per cent. participation interest                in                the Company. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Contribution                of the Transferor into the Company has been fully paid up.  The                paid up contributions have not been                repaid. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | No                person is entitled or has claimed to be entitled to require to issue                or                transfer a Participation Interest (including, without limitation,                warrants                and options) either now or at any future date and whether contingently                or                not. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | There                is no Encumbrance on, over or affecting the Participation Interest,                nor is                there any commitment to give or create any of the foregoing, and                no person                has claimed to be entitled to any of the                foregoing. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | The                Participation Interest carries unrestricted and full voting rights                as                provided by law, and the Transferor has 100% of the voting rights                in the                Company. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.5** | **Subsidiaries,                associations and branches** |
|---------|------------------------------------------------------------|

| (a) | The                Company: |
|-----|-----------------------------|

|   | (i) | does                not hold, nor has it agreed to acquire, any interest of any other                company                (except for the Participation Interest in                Markíza); |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | is                not, nor has it agreed to become, a member of any partnership (whether                incorporated or unincorporated) or other unincorporated association,                joint                venture or consortium (other than recognised trade associations);                and |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | does                not have any branch or any permanent                establishment. |
|--------|-------|----------------------------------------------------------------------------------------|

| (b) | The                Company is the sole owner of the Participation Interest in                Markíza. |
|-----|------------------------------------------------------------------------------------------------------------|

| (c) | No                person is entitled or has claimed to be entitled to require to transfer                the Participation Interest in Markíza (including, without limitation,                warrants and options) either now or at any future date and whether                contingently or not. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | There                is no Encumbrance on, over or affecting the Participation Interest                in                Markíza, nor is there any commitment to give or create any of the                foregoing, and no person has claimed to be entitled to any of the                foregoing. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.6** | **Insolvency** |
|---------|----------------|

|   | (a) | is                not, or is not deemed for the purposes of any law to be, unable to                pay its                debts as they fall due or                insolvent; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (b) | has                not admitted its inability to pay its debts as they fall                due; |
|--------|-----|-------------------------------------------------------------------------------------------------|

|   | (c) | has                not suspended making payments on any of its debts or announces an                intention to do so; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------|

|   | (d) | has                not begun negotiations with any creditor for the rescheduling of                any of                its indebtedness; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | has                not had any step taken with a view to a moratorium or a composition,                assignment or similar arrangement with any of its                creditors; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | has                not had a meeting of its participants, directors or other officers                convened for the purpose of considering any resolution for, to petition                for or to file documents with a court for, its winding-up, administration                or dissolution or passed any such                resolution; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | has                not had any person present a petition, or file documents with a court,                for                its bankruptcy, composition, winding-up or                dissolution; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (h) | has                not had an order for its bankruptcy, composition, winding-up,                administration or dissolution made; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | has                not had any liquidator, trustee in bankruptcy or composition, or                similar                officer appointed in respect of it or any of its assets;                and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (j) | has                had any other analogous step or procedure taken in any jurisdiction,                or                should have taken any step mentioned above but has not done                so. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.7** | **Ownership                of assets** |
|---------|----------------------------------------|

| **1.8** | **Vulnerable                prior transactions** |
|---------|--------------------------------------------------|

| **1.9** | **Compliance                with statutes** |
|---------|---------------------------------------------|

| **1.10** | **Licences                and consents** |
|----------|------------------------------------------|

| **1.11** | **Insider                contracts** |
|----------|--------------------------------------|

| (a) | The                Companyis not a party to any contract or arrangement in which theTransferor,                Mr. Fiľo or any person connected with the Transferor                or Mr. Fiľo is interested, directly or indirectly, nor has there                been any such contract or arrangement at any time during three years                ending on the date of this                Agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (b) | The                Companyis not a party to, nor have the profits or financial position                of                the Company been affected by, any contract or arrangement which is                not of                an entirely arm's length nature. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Neither                the Transferor,                Mr. Fiľo nor any person connected with the Transferor                or Mr. Fiľo is a party to any contract or arrangement for the                provision of finance, goods, services or other facilities to or by                the                Company or in any way relating to, or to the affairs of, the                Company. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.12** | **Litigation** |
|----------|----------------|

| (a) | The                Companyis not engaged in any litigation, arbitration or alternative                dispute resolution proceedings and there are no such proceedings                pending                or threatened by or against the                Company. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | So                far as the Transferor is aware, there are no circumstances which                are                likely to give rise to any litigation, arbitration or alternative                dispute                resolution proceedings by or against the                Company. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The                Companyis not the subject of any investigation, inquiry, enforcement                proceedings or process by any governmental, administrative or regulatory                body nor, so far as the Transferor is aware, are there any circumstances                which are likely to give rise to any such investigation, inquiry,                proceedings or process. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.13** | **Environmental                matters** |
|----------|------------------------------------------|

| (a) | The                Company has at all times complied with all applicable laws concerning                the                protection of the environment, human health, the conditions of the                workplace or the generation, transportation, storage, treatment or                disposal of any waste. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The                Company has not used, disposed of, generated, stored, treated,                transported, dumped, released, deposited, buried or emitted any waste                or                dangerous substance. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **2.** | **ACCOUNTS                AND FINANCIAL** |
|--------|-------------------------------------------|

| **2.1** | **Accuracy                of Accounts** |
|---------|-----------------------------------------|

|   | (a) | have                been prepared in accordance with generally accepted accounting principles                and practices in Slovakia and the applicable law and                regulations; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | have                been prepared by the Accountants; |
|--------|-----|-------------------------------------------------------|

|   | (c) | state                the assets and liabilities of the Company and are true and correct                in all                respects and fairly present the financial state of affairs of the                Company                as at the Accounts Date and of the profit or loss of the Company                for the                period ended on the Accounts Date or (as the case may be) in respect                of                the periods for which they were                prepared; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | contain                either provisions or reserves, as required under generally accepted                accounting principles in Slovakia and the applicable laws and regulations,                to cover all Taxation (including deferred Taxation) and other liabilities                (whether quantified, contingent or otherwise), bad and doubtful accounts                payable and as at the Accounts                Date; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | do                not show any material one-off extraordinary items, including gains;                and |
|--------|-----|----------------------------------------------------------------------------------------------------------|

|   | (f) | have                been duly filed in accordance with applicable                law. |
|--------|-----|---------------------------------------------------------------------------------------|

----

| **2.2** | **Business** |
|---------|--------------|

| **2.3** | **Books                and records** |
|---------|--------------------------------------|

|   | (a) | have                been properly maintained and contain accurate records of all matters                required to be entered in them under the applicable laws;                and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | give                a true and fair view of the matters which ought to appear in                them. |
|--------|-----|-------------------------------------------------------------------------------------------------------|

| **2.4** | **Position                since Accounts Date** |
|---------|-------------------------------------------------|

|   | (a) | there                has been no deterioration in the financial position or the prospects                of                the Company; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the                Company has paid its creditors within the times agreed with them                and,                without limiting the foregoing, and the Company has no indebtedness                other                than the indebtedness shown in the accounting records of the Company                all                of which shall be repaid before the Completion Date;                and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | no                event or circumstance has occurred that constitutes a Material Adverse                Effect. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------|

| **2.5** | **Capital                commitments** |
|---------|----------------------------------------|

| **2.6** | **Dividends                and distributions** |
|---------|------------------------------------------------|

|   | (a) | No                dividend or other distribution of profits or assets has been or agreed                to                be declared, made or paid by the Company since the Accounts                Date. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | All                dividends or other distributions of profits or assets declared, made                or                paid since the date of incorporation of the Company have been declared,                made and paid in accordance with law and its constitutional                documents. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **2.7** | **Borrowings,                loan capital and                guarantees** |
|---------|---------------------------------------------------------------------------|

| **2.8** | **Derivative                transactions** |
|---------|--------------------------------------------|

| **2.9** | **Government                grants** |
|---------|--------------------------------------|

----

| **2.10** | **Loans** |
|----------|-----------|

| **2.11** | **Bank                accounts** |
|----------|----------------------------------|

|   | (a) | The                statement of the Company's bank accounts as at a date not more than                two                days before the date of this Agreement given to the Transferee is                correct,                and the Company does not have any bank or deposit account (whether                in                credit or overdrawn) not included in that statement.  Since the                date of that statement there has not been any payment out of any                of the                accounts concerned and the balance on each such account is not materially                different from the balance shown on that                statement. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | At                Completion, at least the following sums is available as free cash                on the                bank accounts of the Company |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| **2.12** | **Political                and charitable donations** |
|----------|-------------------------------------------------------|

| **3.** | **COMMERCIAL** |
|--------|----------------|

| **3.1** | **Suppliers                and customers** |
|---------|--------------------------------------------|

|   | (a) | FORZA,                a.s., Kuteckého 23, 974 01 Banská Bystrica;                and |
|--------|-----|------------------------------------------------------------------------------------------------|

|   | (b) | FK                DUKLA, a.s., Hutná č. 3, 974 01 Banská Bystrica.. |
|--------|-----|------------------------------------------------------------------------------------|

| **3.2** | **Contracts** |
|---------|---------------|

|   | (a) | Agreement                on Lease of Non-Residential premises dated 17 December 2001 entered                into                between the landlord FORZA a.s. (CREDIT PARTNER spol. s r.o.) and                MEDIA                INVEST spol. s r.o. for an idefinite period of                time; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Agreement                on current account TATRA BANKA a.s. Bratislava,                and |
|--------|-----|---------------------------------------------------------------------------------------------|

|   | (c) | Agreement                on current account UniCreditBank a.s.                Bratislava.. |
|--------|-----|--------------------------------------------------------------------------------------------|

----

| **3.3** | **Anti-competitive                arrangements** |
|---------|--------------------------------------------------|

| **3.4** | **Intellectual                property** |
|---------|------------------------------------------|

|   | (a) | The                Company never had or licensed any intellectual property                rights. |
|--------|-----|---------------------------------------------------------------------------------------------------|

|   | (b) | No                activities of the Company infringe or are likely to infringe any                intellectual property right of any third party and no claim has been                made                against the Company or any such licensee in respect of such                infringement. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | So                far as the Transferor is aware there has been no unauthorised use                by any                person of any confidential information of the                Company. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **3.5** | **Business                names** |
|---------|-----------------------------------|

| **3.6** | **Powers                of attorney** |
|---------|---------------------------------------|

| **4.** | **TAXATION** |
|--------|--------------|

|   | (a) | The                Company maintains adequate and proper records for tax purposes, and                has                made all filings of its tax returns.  The Company is not in any                dispute with any tax authority. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | All                Taxation of any nature whatsoever for which the Company is and has                been                liable or for which the Company is and has been liable to account                has been                duly paid (insofar as such taxation ought to have been paid) and                the                Company has made all such deductions and retentions as it was obliged                or                entitled to make and all such payments in respect of these deductions                and                retentions as should have been                made. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | The                Company has not paid or become liable to pay, and there are no                circumstances by reason of which the Company is likely to become                liable to                pay, any penalty, fine, surcharge or interest in respect of                Taxation. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | The                Company has not received any notice of enquiry or suffered any enquiry,                investigation, audit or visit by any taxation or excise authority,                and no                such enquiry, investigation, audit or visit planned.  The                Company has not been a party to or otherwise involved in any transaction                which could be viewed as tax avoidance or tax evasion by a tax                authority. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5.** | **EMPLOYEES** |
|--------|---------------|

|   | (a) | The                Company currently has no employees (whether full time or part                time). |
|--------|-----|--------------------------------------------------------------------------------------------------------|

|   | (b) | No                former employee has an outstanding claim against the Company and                there are                no circumstances which might give rise to such                claim. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SCHEDULE      4**

**INTERPRETATION**

| 1. | In                this Agreement: |
|----|-----------------------------------|

**Accounts**

**Accountants**

**Accounts      Date**

**Agreement      on Consideration**

**Broadcasting      Act **

**Business      Day **

**Commercial      Code**

**Commercial      Register**

**Company**

**Completion      Date **

**Conditions**
**Condition**

**Consideration      **

**Council**

**Encumbrance**

**EURO      **

**EURIBOR**

----

**Long      Stop Date**

**Markíza      **

**Markíza's      Licence**

**Participation      Interest**

**Participation      Interest in Markíza**

**Related      Person **
**subject**
*ovládaná a ovládajúca osoba*
*blízka osoba*

**SKK      **

**Taxation      **

**Transaction      Documents**

**Warranties**

| 2. | Any                reference, express or implied, to an enactment includes references                to: |
|----|----------------------------------------------------------------------------------------------------------|

|   | (a) | that                enactment as re enacted, amended, extended or applied by or under                any                other enactment (before or after the signature of this                Agreement); |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | any                enactment which that enactment re enacts (with or without modification);                and |
|--------|-----|----------------------------------------------------------------------------------------------------------------|

|   | (c) | any                subordinate legislation made (before or after the signature of this                Agreement) under that enactment, as re enacted, amended extended                or                applied as described in paragraph (a) above, or under any enactment                referred to in paragraph (b) above, |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | In                this Agreement: |
|----|-----------------------------------|

----

|   | (a) | words                importing the singular shall include the plural and vice                versa; |
|--------|-----|-----------------------------------------------------------------------------------------------------|

|   | (b) | words                denoting persons shall include bodies corporate and unincorporated                associations of persons and vice                versa; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | any                reference to € is to EURO ; and |
|--------|-----|----------------------------------------------------------|

|   | (d) | references                to a party shall include the legal successors, heirs or assigns of                that                party. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------|

| 4. | A                person shall be deemed to be **connected** with another if                that person is dependent on another (in Slovak "*závislá*") within                the meaning of §2 of the Slovak Income Tax Act No. 595/2003                Coll. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | In                this Agreement, unless the contrary intention appears, a reference                to a                clause, sub-clause, exhibit or schedule is a reference to a clause,                sub-clause, exhibit or schedule of this Agreement.  The                schedules and exhibits form part of this                Agreement. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | The                headings in this Agreement do not affect its                interpretation. |
|----|------------------------------------------------------------------------------------------------|

| 7. | Sub-clauses                1 to 6 apply unless the contrary intention is expressed in this                Agreement. |
|----|----------------------------------------------------------------------------------------------------------------------|

----

**SIGNATORIES**

**TRANSFEROR**

**Ján      Kováčik**

**TRANSFEREE**

**CME      Slovak Holdings B.V.**

**Cosmina      Maria Simion**

----