Document:

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                                                                   EXHIBIT 10.10

                              EXECUTIVE AGREEMENT

This Agreement is made on 1 October 2004 by and among EMA Telstar Gruppen AB,
corp, reg. no. 556155-2703, Box 241 51,104 51 Stockholm and

Mr Thomas Johansson, 480819-1136, Molna Gard, 181 61 Lidingo, (the "Manager")

The term of the Agreement is October 1, 2004 - December 31, 2007 ("Initial
Term").

1.    POSITION

The Manager is hereby employed as Chairman Clear Channel Entertainment, Europe
Music, and CEO & Head Promoter Nordic and based at the Companies' office in
Stockholm. The parties agree that the Manager holds a managerial position and
that the Swedish act on Employment Protection does not apply to the Manager's
employment hereunder.

The employment will start on 1 October 2004 ("Commencement Date") and continue
until terminated in accordance with the provisions of this agreement.

The Manager warrants that he is not prevented from taking up the employment or
from performing his duties in accordance with the terms of this agreement by any
obligation or duty owed to any other patty, whether contractual or otherwise.

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2.    RESPONSIBILITIES AND DUTIES

The Manager shall represent Clear Channel Entertainment, Europe Music as
Chairman and is as CEO & Head Promoter Nordic responsible for all promoter
activities within the Nordic region.

The Manager will work any hours which may be reasonably necessary to perform his
duties to the satisfaction of the Board.

3.    EXTERNAL FUNCTIONS AND SIDELINE ACTIVITIES

The Manager shall devote all of his working time and capacity to his employment
hereunder. He may not conduct business on his own or through representatives or
receive assignments or in any other way conduct business which may interfere
with his employment hereunder without prior written approval by the Companies.
The Manager's current assignments, which have been approved by the Companies,
are listed in Exhibit 1.

4.    CONFIDENTIALITY

The Manager is under an obligation to protect the interests of the Company and
its affiliates at all times and may not disclose to any third party any
confidential or proprietary information regarding the Company or any
affiliate's business.

If the Manager should leave his position with the Company, he will immediately
return all notes, memoranda, documents and records (whether tangible or
electronically stored) concerning the business of the Company or its affiliates.
The responsibilities of the Manager under this Section 4 shall survive the
termination of the Manager's employment hereunder.
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5.    SALARY AND OTHER EMPLOYMENT BENEFITS

The Manager will receive the Gross Annual Salary of SEK 2,900,000 payable in
twelve equal monthly instalments.

The Manager is also entitled to a Pension Contribution of SEK 400,000 annually,
paid from Clear Channel Entertainment UK, for The Managers duties as Chairman.

Both above mentioned amounts shall be increased with 5% annually with effect
from 1 October each year.

The amount also includes compensation for any other appointments or
directorships which the Manager may have within the Company or any affiliates.

The Manager shall also be entitled to following Annual Bonuses:

  -   2.35% of EMA Telstar Gruppen AB's consolidated EBITDA.

  -   20% of the Gross Annual Salary and the Pension Contribution if Europe
      Music hit 15% annual growth over the previous year (after any proforma
      adjustments).

      The bonus is scaled depending on the real growth according to Schedule 2.
The bonuses will be paid no later than at the end of March in fee year following
the relevant bonus year. The bonus year are equivalent to the fiscal year and
the first bonus year will be 2005.

The Manager is also entitled to a Sign On Fee of $200,000, payable upon signing
of this agreement. If the Manager terminates this Agreement prior to the end of
the Initial Term, the Sign On Fee shall be repaid pro rata the number of months
remaining of the Initial Term. Eg. If the Manager terminates his contract after
19.5 months, 50% of the Sign On Fee shall be repaid.

If the Manager has not terminated this Agreement, or it has been terminated by
the Company, other than for the Manager's material breach of contract, prior to
end of the Initial Term, he is entitled to an Additional Bonus equalling to 3
times 2.35% of the average increase of the EBITDA during the Initial Term.
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For avoidance of doubt, Schedule 1, further describes how the Annual Bonus,
Additional Bonus and Sign On fee shall be calculated.

Neither Bonus, Additional Bonus or Sign On Fee will be taken into account for
pension and holiday pay purposes.

The Manager will not be compensated for overtime or travel time.

6.    VACATION

The Manager shall be entitled to 30 days vacation per calendar year.

7.    TRAVEL EXPENSES

The Manager is entitled to reimbursement for reasonable travel costs and other
expenses in representing the Company and conducting business on behalf of the
Company according to Company policy. The Company will require the Manager to
produce receipts or other documents together with an expense claim as proof that
the Manager has incurred any expenses he claims.

8.    PROPRIETARY RIGHTS

Within the limits of the Swedish legislation on the proprietary rights to
inventions made by employees, the Company holds the proprietary right to all
inventions and solutions developed by the Manager while in the service of the
Companies, which relate to the business of products of the Company or which are
invented or developed in the course of his employment. The same applies to
copyright, trade marks, designs and other intellectual property right.

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                                                                               5

The Manager will further transfer to the Company all work and intellectual
property rights in respect of what has been produced or processed by the Manager
himself, or together with another, or which may otherwise be considered as a
result of the employment.

The Company shall be entitled to make changes to the work (Sw.: "verk") or other
property (Sw.: "alster") transferred to the Company in accordance with this
clause 8 and shall also be entitled to transfer these rights to another.

Work and Intellectual property means, but is not limited to, ideas, methods,
discoveries, trade marks, copyright computer programmes etc.

9.    INITIAL TERM AND NOTICE PERIOD

This Agreement, may be terminated by either party by giving twelve (12) months'
written notice to the other.

The period between the Commencement Date and December 31, 2007 is referred to as
the "Initial Term" to which certain provisions of this agreement relate, such
as Sign On Fee (clause 5 fourth paragraph) and Severance Payment (Clause 10).

During the notice period, the Company may at its sole discretion release the
Manager from his duties and restrict access to the Company premises or property
with immediate effect. Such release will not affect the Manager's right to
employment benefits during the notice period.

The Company shall also have the right to require that paragraph 2 of clause 4 to
be complied with by the Manager at any time during the notice period.

The Manager will immediately resign from any directorship or other appointments
which he holds in the Company or any affiliate, upon receiving notice of
termination of this agreement.
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The Company has the right to dismiss the Manager with immediate effect, if he
has materially neglected his obligations to the Company or otherwise commits a
material breach of this agreement.

The parties shall start to renegotiate this contract no later than 12 month
prior the end of the Initial Term. The negotiation has to be finalised no later
than 6 months prior the end of the Initial Term, unless the parties mutually
agrees otherwise.

10.   SEVERANCE PAY

If the Company terminates the Manager's employment to expire prior to the
expiration of the Initial Term, and no other agreement is concluded, the Manager
shall be entitled to the following severance pay. The Manager shall receive the
full Gross Annual Salary at the rate applicable at the date of termination, to
be paid in monthly instalments, plus Annual Bonus and Additional Bonus as
described in clause 5.

The Company will deduct from the Severance Pay, any income or compensation which
the Manager receives from employment or other business that he has procured, as
well as for compensation which, the company can prove, he ought to have
procured, for similar position in a company with similar in size and quality
as the Company.

To enable the Company to provide the compensation, the Manager is obliged to
keep the Company fully informed of his income or remuneration under a new
employment or business.

11.    POST-TERMINATION RESTRICTIONS

The Manager acknowledges that, in performing his duties hereunder, he will have
access to confidential information and trade secrets relating to and being the
property of the Company and its affiliates, and will obtain personal knowledge
of, or influence over, the Company's customers, suppliers and employees.

The Manager further acknowledges that, in the event of termination of the
employment hereunder, it is unlikely that he will be able to perform his duties
in any

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subsequent employment efficiently or properly without the deliberate or
subconscious recourse to or use of such confidential information or trade
secrets. Accordingly, and regardless of whether the notice of termination is
made by the Company or the Manager, and the Manager has not received written
notice from the Company relieving him from the competition limitation set forth
in this Section, the Manager undertakes for a period of two (2) year following
(i) the termination of the employment, not to either directly or indirectly, as
a director, principal, partner, agent, consultant or employee, whether on his
own behalf or as an agent for any other person, firm, company or other
organization, (i) (1) engage in any business or activity which competes with
that of the Company or its affiliates, or (2) solicit attempt to solicit, accept
or facilitate the acceptance of orders from, or supply, any goods or services to
any of the Company's customers or suppliers (being customer or supplier at or
prior to termination of employment) in competition with those supplied by the
Company or its affiliates from or to, as the case may be, any person, firm,
company or other organisation, nor (ii) induce or procure, or attempt to induce
or procure, any person who is an employee of the Company or its affiliates to
leave their employment with the Company and not to be involved in the acceptance
of such person into the employment of the Manager's new business or company, or
in any other way we such employees services.

If termination of this agreement is made by the Company or the Manager and if
the Manager has not been relieved from the post-termination restrictions by the
Company, the Company shall compensate the Manager for the restrictions in (i)
(1) and (2) and (ii) in proceeding section above. The compensation shall
correspond to 80% of the Gross Annual Salary including pension as provided at
the date of termination of the employment, paid in twenty four (24) monthly
installments. From this compensation shall be deducted the compensation which
the Manager receives from new employment or other business which he has
procured, as well as for compensation which, the company can prove, he ought to
have procured, for similar position in a company with similar in size and
quality as the Company. The Manager will furthermore not receive any
compensation during the period which Severance Pay is

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provided by the Company (if any), although the restrictions set out in this
clause 11 will apply.

The Company may at any time release the Manager from the obligations under item
i(1) and (2) and (ii) above, by giving 3 months written notice. In such case,
the Company will have no further obligation to pay compensation to the Manager
under this clause 11.

If the Company or the group of companies, that the Company belongs to, is sold,
the Manager is automatically relieved from the Post-Termination Restrictions.
All other obligations hereunder remain in place.

12.   DATA PROTECTION

The Manager consents to the processing and disclosure of personal data
(including sensitive data, such as medical and health data, where necessary) in
relation to the Manager both inside and, where necessary, outside the European
Economic Area for the purposes of administrating the employment relationship,
including but not limited to; salary administration, pension administration,
health administration health insurance/ benefits, training and appraisal,
including performance records and disciplinary records, equal opportunities
monitoring, any Company benefit administration, and for the purpose of any
potential sale of the shares of the Company or any group company or other change
of control or any potential transfer of the Manager's employment.

Disclosure may include, in the case of sale, change of control or transfer,
disclosure to the potential purchaser or investor and their advisors.

The Manager is entitled to receive information about the processing of his
personal data and to request that any incorrect data be rectified.

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13.   ENTIRE AGREEMENT AND AMENDMENTS

This Agreement constitutes the entire agreement between the parties and
supersedes all previous agreements and understandings among the Company and the
Manager with respect to its subject matter. Any amendment to this Agreement
shall be in writing and signed by the parties hereto or their duly authorized
representatives.

14.   GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of
Sweden.

15.   ARBITRATION

Any dispute, controversy or claim arising out of or relating to this Agreement,
the breach, termination or invalidity hereof shall, unless resolved by agreement
between the parties, be finally settled by arbitration in accordance with the at
each time applicable Swedish Arbitration Act. The place of arbitration shall be
Stockholm and the language of the proceedings English. The arbitral tribunal
shall be composed of 3 arbitrators.

If the aggregate cost for the arbitration exceeds four times the "base amount"
(basbelopp) under the Act on National Insurance, the excess amount shall
irrespective of the outcome, be paid by the Company.

                            ***********************

Stockholm, on 21st / Feb 2005                      Stockholm, on 25/1 2005

/s/ Thomas Johansson                               /s/ [ILLEGIBLE]
-----------------------------                      -----------------------------
    Thomas Johansson<PAGE>

                                                                   EXHIBIT 10.11

                           DATED                2001

                           APOLLO LEISURE (UK) LIMITED

                                       and

                                  ALAN RIDGEWAY

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

                               CONTRACT OF SERVICE

                          (EXECUTIVE SERVICE AGREEMENT)

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

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                                    CONTENTS

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                                                                             PAGE NO
<S>                                                                          <C>
1.  DEFINITIONS AND INTERPRETATION.......................................      2

2.  COMMENCEMENT.........................................................      3

3.  CAPACITY. ...........................................................      4

4.  DURATION.............................................................      4

5.  DUTIES...............................................................      4

6.  WORKING TIME.........................................................      5

7.  OTHER INTERESTS......................................................      5

8.  REMUNERATION.........................................................      6

9.  EXPENSES.............................................................      6

10. PENSION AND INSURANCE................................................      7

11. STOCK OPTION SCHEME..................................................      7

12. HOLIDAYS.............................................................      8

13. INCAPACITY...........................................................      8

14. SUMMARY TERMINATION..................................................      9

15. TRANSFER OF UNDERTAKING..............................................      10

16. DUTIES ON TERMINATION................................................      10

17. CONFIDENTIAL INFORMATION.............................................      10

18. DATA PROTECTION......................................................      11

19. POST-EMPLOYMENT RESTRICTIONS.........................................      11

20. INTELLECTUAL PROPERTY................................................      13

21. PRESCRIBED INFORMATION...............................................      14

22. SEVERABILITY.........................................................      14

23. COUNTERPARTS.........................................................      14

24. GOVERNING LAW AND JURISDICTION....................:.....:............      14

25. NOTICES..............................................................      14
</TABLE>

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THIS AGREEMENT IS MADE THE                     DAY OF                   2001

BETWEEN:

(1)      APOLLO LEISURE (UK) LIMITED whose registered office of Grehan House,
         Garsington Road, Oxford OX5 6TW registered in England with registered
         number 1444368 (the "COMPANY"); and

(2)      ALAN RIDGEWAY OF 5 ALLEE DU CLOS DU CHENE, 78450 CHAVENAY, FRANCE (The
         "EXECUTIVE").

RECITALS:

(A)      The Executive was appointed as Finance Director of the Company on a
         date to be confirmed.

THIS AGREEMENT PROVIDES:

1.       DEFINITIONS AND INTERPRETATION

1.1      In this Agreement the following expressions, unless otherwise expressly
         stated, have the following respective meanings:

1.1.1    "ERA" means the Employment Rights Act 1996, as amended;

1.1.2    "BOARD" means the management committee for the time being of the
         Company;

1.1.3    "BONUS" means the bonus referred to in Clause 8.4;

1.1.4    "COMMENCEMENT DATE" means a date to be confirmed

1.1.5    "EMPLOYMENT" means the employment of the Executive under this
         Agreement;

1.1.6    "GROUP" means the Company, any holding company or companies for the
         time being of the Company and any subsidiary or subsidiaries for the
         time being of the Company or of any such holding company or companies.
         "HOLDING COMPANY" and "SUBSIDIARY" have the meanings assigned to them
         respectively by section 736 of the Companies Act 1985 as amended by
         the Companies Act 1989. The expressions "Group Company" and "Group
         Companies" shall be construed accordingly;

1.1.7    "INCAPACITY" means sickness or injury rendering the Executive incapable
         of performing services in accordance with the provisions of this
         Agreement;

1.1.8    "INTELLECTUAL PROPERTY RIGHTS" means any right conferred by English law
         in respect of any patent, registered design, design right, copyright,
         trade mark, plant breeder's right and semi-conductor product right
         together with any analogous right conferred by the law of any country
         other than England;

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1.1.9    "OWN PROPERTY" means Property which at any time during the Employment
         the Executive alone or jointly with others might conceive, create,
         devise, produce, discover or formulate either during working hours or
         in the normal course of his duties or in the course of duties falling
         outside his normal duties but specifically assigned to him or with the
         Company's materials and/or facilities which relate to the Company's
         business or in which the Company is interested;

1.1.10   "PROPERTY" means any idea, invention, modification, improvement,
         process, formula, material, know-how, design, model, prototype, mark,
         sketch, drawing, plan or other matter;

1.1.11   "RECOGNISED INVESTMENT EXCHANGE" means a body which is a recognised
         investment exchange for the purposes of the Financial Services Act
         1986;

1.1.12   "SALARY" means salary paid pursuant to Clause 8.1, as reviewed from
         time to time;

1.1.13   "STOCK OPTION SCHEME" means any share option or share incentive scheme
         which may be established from time to time by the Company or by any
         holding company of the Company and extending to the employees of the
         Company;

1.1.14   "PENSION SCHEME" means Apollo Leisure Group Personal Pension Scheme.

1.2      In this Agreement:

1.2.1    the masculine gender includes the feminine and the singular number
         includes the plural and vice versa;

1.2.2    references to persons include bodies corporate;

1.2.3    references to Clauses and the Schedules are references to clauses of
         and the schedules to this Agreement;

1.2.4    references to United Kingdom statutes shall be deemed to refer to such
         statutes as amended or re-enacted after the Commencement Date.

1.3      The Schedules form part of and are incorporated in this Agreement.

1.4      Headings are included for ease of reference only and shall not affect
         the interpretation of this Agreement.

1.5      No modification, variation or amendment to this Agreement shall be
         effective unless such modification, variation or amendment is in
         writing and has been signed by or on behalf of the parties.

2.       COMMENCEMENT

2.1      This Agreement supersedes all previous arrangements (if any) relating
         to the employment of Executive by the Company and takes effect on the
         Commencement Date.

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2.2      The Executive warrants that by entering into this agreement he will not
         be in breach of any express or implied term of any contract with or any
         other obligation to any third party binding upon him.

3.       CAPACITY

3.1      The Executive shall be employed as Finance Director for Europe - Music
         Division, responsible to the Chief Executive Officer-Music Division,
         Europe (the "CEO") and if the CEO so resolve the Executive shall accept
         office in or perform services for any Group Company in addition to or
         in substitution for those services which he is required to perform for
         the Company PROVIDED THAT the Executive shall only be required to
         accept office in or perform services for Group Companies in accordance
         with this Clause 3.1 where such requirement is reasonable in view of
         the Executive's role and status within the Company.

3.2      The Executive shall serve the Company and/or any Group Company in such
         other executive capacity of similar status within the Group and
         reasonably within the scope of the Executive's capability and/or
         qualifications as the CEO may from time to time determine.

3.3      The Executive may be required by the CEO to relocate within the UK.
         This will be discussed and agreed with the Executive. In which case the
         expenses reasonably incurred by the Executive in complying shall be
         reimbursed by the Company in accordance with its policy determined from
         time to time for meeting such expenses.

3.4      The Executive may be required by the CEO to travel to such places
         (whether inside or outside the UK) as the CEO may from time to time
         reasonably require.

4.       DURATION

4.1      Unless previously terminated in accordance with Clauses 13 or 14, the
         Employment can be terminated by either side giving to the other not
         less than 6 months' notice in writing.

4.2      The Company reserves the right to terminate the Employment without
         notice and to pay to the Executive Salary (at the rate in force at the
         date of termination) in lieu of notice of termination of the
         Employment or (where notice has been given) of any balance of the
         notice period. For the avoidance of doubt, if the Executive is paid
         Salary in lieu of notice, he shall not be entitled to any additional
         payment in respect of holiday which would otherwise have accrued
         during such notice period or the balance thereto.

5.       DUTIES

5.1      The Executive shall be responsible to the CEO and shall undertake the
         duties and exercise the powers assigned to or vested in him by the CEO
         and/or the Board and shall, during the continuance of the Employment,
         well and faithfully serve the Company and use his best endeavours to
         promote the interests of the Company and the Group.

5.2      The Executive shall observe and comply with the Articles of Association
         of the Company and shall comply with all resolutions, regulations and
         directions made or given by the CEO and/or the Board (which are not
         inconsistent with this Agreement).

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5.3      Unless otherwise directed by the CEO or prevented by Incapacity and
         subject to Clause 12, the Executive shall devote his full time,
         attention and abilities to the business of the Company and such Group
         Companies for whom he is required to perform services by the CEO
         pursuant to Clause 3 in normal business hours and during such other
         hours as may be necessary to perform his duties to the satisfaction of
         the CEO.

5.4      The CEO shall be entitled pursuant to Clause 5.3 during any period of
         notice of termination of the employment (whether given by the Company
         or the Executive) to direct the Executive to perform no duties and to
         direct that the Executive shall not enter or remain on any (or any
         specified) premises of the Company and/or any Group Company and any
         such direction may be given subject to any reasonable condition which
         the CEO in his discretion shall determine PROVIDED THAT the period for
         which the restrictions in Clause 19 apply shall be reduced by any
         period under this clause which the Executive did not perform duties.

6.       WORKING TIME

6.1      The Executive shall work such reasonable hours as are necessary for the
         proper performance of his duties to the satisfaction of the CEO in
         accordance with this Agreement. The Executive may in the proper
         performance of his duties exceed the maximum average 48 hours per week
         provided for under the Working Time Regulations 1998. He hereby
         expressly exercises his right under the Working Time Regulations 1998
         to opt out of the provisions which provide that he cannot work for more
         than 48 hours per week on average.

6.2      If the Executive does not wish to exercise his right to opt out he
         should delete Clause 6.1 prior to signing this Agreement.

6.3      If the Executive has given the consent in Clause 6.1 the Executive may
         terminate this consent at any time by giving not less than 12 weeks'
         written notice to the Company.

7.       OTHER INTERESTS

7.1      The Executive shall not without the prior written consent of the CEO
         directly or indirectly engage or be concerned or interested in any
         other business, trade, profession or occupation during the Employment
         (whether during or outside working hours).

7.2      Clause 7.1 shall not prohibit the Executive from holding or being
         interested in securities in any company whose securities art quoted on
         a Recognised Investment Exchange PROVIDED THAT such company is not in
         competition with the business of the Company and/or any Group Company
         and PROVIDED FURTHER THAT the Executive shall not hold or be interested
         in more than three per cent (3%) of the issued securities of any class
         of any one company.

7.3      The Executive shall comply with such code of practice issued by the
         Company as shall from time to time be in force relating to transactions
         in securities and shall comply with all requirements, recommendations
         or regulations of The International Stock Exchange of the United
         Kingdom and the Republic of Ireland or any other authority or body
         authorised to regulate transactions in securities.

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<PAGE>

7.4      Where appropriate the Executive shall during the Employment and for the
         prohibited period after the termination of the Employment comply with
         all applicable rules of the New York Stock Exchange or the exchange or
         national market system in which Clear Channel Communication Inc (CCU)
         common stock is then trading, and the rules and regulations of the
         Securities Act of 1933, as amended (the "Securities Act") and the
         Securities Exchange Act of 1934, as amended (the "Exchange Act"), and
         any Company Policy issued in relation to (i) dealings in shares
         debentures or other securities of CCU and any Associated Companies or
         (ii) unpublished price sensitive information affecting the securities
         of any other company. The Executive shall provide all information and
         such additional assistance to CCU or the Company as CCU or the Company
         may reasonably request to allow it to fully comply with such rules,
         regulations and policies. For the purposes of this clause the
         "prohibited period" shall be from the date of termination of the
         Employment until the later of (i) the next announcement of CCU's or any
         Associated Company's results pursuant to the Exchange Act or (ii) such
         time as when any price sensitive information the Executive has obtained
         during the Employment ceases to be price sensitive information, either
         through publication or otherwise.

8.       REMUNERATION

8.1      The Company shall pay Salary to the Executive during the continuance of
         the Employment initially at the rate of ONE HUNDRED THOUSAND POUNDS
         (Pound Sterling 100,000)

8.2      Salary shall accrue from day to day and shall be payable by equal
         monthly instalments in arrears on the 15th day of each month, payment
         in respect of a period of less than a month being apportioned in
         proportion to the number of days of the Employment in that month.

8.3      Salary shall be reviewed on 1st January in each calendar year. The
         first review will take place on 1st January 2003 and thereafter on 1st
         January in each calendar year.

8.4      The Company may, at the discretion of the CEO, pay to the Executive a
         bonus of such amount as the CEO may determine from time to time. In
         determining whether to pay the Executive a bonus in a particular year
         and in determining the amount of any such bonus, the Company shall take
         into account the same considerations as shall apply for determining the
         amount (if any) of the bonus payable to other senior executives within
         the Company of the Executive's level of seniority.

8.5      The Company shall be entitled, pursuant to Part II of the ERA, at any
         time during the Employment and upon its termination (howsoever
         arising), to deduct from the Salary and/or the Bonus and/or any other
         sums due to the Executive under this Agreement, any sums owed by the
         Executive to the Company.

9.       EXPENSES

9.1      The Executive shall, subject to complying with the rules of the Company
         relating to the reimbursement of expenditure in force from time to
         time, be reimbursed all reasonable travelling, hotel, entertainment and
         other out-of-pocket expenses properly and reasonably incurred in the
         performance of the duties of the Employment.

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<PAGE>

9.2      The Executive shall be entitled to be reimbursed for home and other
         business telephone expenses and all expenses relating to one mobile
         phone, which is to be provided to the Executive by the Company,
         incurred for business or private use.

9.3      The Executive will be paid a Car Allowance of Pound Sterling 5,000 per
         annum as per the Company's Car Policy. This will be paid in monthly
         amounts with the salary payment and will be reviewed in accordance with
         the company car policy.

10.      PENSION AND INSURANCE

10.1     The Company shall, during the Employment, contribute monthly at the
         rate of 10% per annum of the Salary (the "CONTRIBUTIONS") into the
         Apollo Leisure Group Personal Pension Scheme or any other Inland
         Revenue approved pension scheme for the benefit of the Executive
         PROVIDED ALWAYS that the Executive pays contributions monthly into the
         Pension Scheme at a rate not lower than 5% per annum of the Salary. The
         contributions payable by the Executive shall be made by way of
         deduction from the Salary. For the avoidance of doubt, the making of
         the Contributions shall be subject to the rules of the Pension Scheme
         as replaced or amended from time to time (the "Rules") including,
         without limitation, the Rule or Rules providing for the discontinuance
         of the Pension Scheme and shall also be subject to any statutory
         limitations on benefits or requirements for approval of pension schemes
         by the Inland Revenue as determined from time to time.

10.2     A contracting-out certificate issued under Section 7 of the Pension
         Schemes Act 1993 is not in force in relation to the Employment.

10.3     The Executive shall, during the Employment, and for so long as such
         cover is available on terms which the CEO considers to be reasonable,
         be entitled to membership for him, his wife and unmarried dependent
         children below the age of 21 (in full time education) of the Private
         Patients Plan and the Company shall contribute to such scheme so that
         the Executive shall be provided with benefits in accordance with this
         Clause at the VIP rate.

10.4     The Company shall, during the Employment, provide the Executive with
         life assurance cover at the rate of four (4) times the Salary subject
         to the rules of the Scheme from time to time in force and to the
         Executive continuing to be eligible to participate or benefit from the
         Scheme.

11.      STOCK OPTION SCHEME

11.1     If during the Employment the Executive is granted participation in a
         Stock Option Scheme, any extinction or curtailment of any rights or
         benefits under the Stock Option Scheme by reason of any transfer of
         his employment or its termination, howsoever arising, shall not form
         part of any claim for damages for breach of this Agreement or
         compensation for unfair dismissal and the effect of any such transfer,
         suspension or termination on the Executive's rights or benefits under
         the Stock Option Scheme shall be determined in accordance with the
         rules, terms and conditions of the Stock Option Scheme and not in
         accordance with the provisions (other than this Clause) of this
         Agreement.

                                                                               7
<PAGE>

11.2     The Executive's participation in the Stock Option Scheme (if any) shall
         be commensurate with the participation (if any) in the Stock Option
         Scheme by other senior executives within the Company of the Executive's
         level of seniority.

12.      HOLIDAYS

12.1     The Executive shall be entitled to public holidays and to 25 working
         day's paid holiday in each period of twelve months commencing on 1
         January during the Employment (the "HOLIDAY YEAR").

12.2     Holiday shall be taken at such time or times as may be approved by the
         CEO and the Executive may not, without the prior written consent of the
         CEO, take more than 10 working days consecutively or carry unused
         holiday entitlement from one Holiday Year to another.

12.3     Holiday entitlement in the Holiday Year in which the Employment
         commences or terminates shall be proportionate to the period of
         service during the Holiday Year and the Executive shall be paid in
         lieu of any entitlement not taken at the date of termination, any
         payment in excess of holiday accrued due being deducted from the final
         payment of the Salary.

12.4     The Company reserves the right, to require the Executive at its
         discretion, to take any outstanding holiday during any notice period.

13.      INCAPACITY

13.1     The Executive shall, subject to complying with the Company's rules
         governing notification and evidence of absence by reason of Incapacity
         for the time being in force, be entitled to payment of Salary (which
         shall include any entitlement to statutory sick pay) in respect of
         absence by reason of Incapacity as follows:

13.1.1   full Salary in respect of the first three months' absence.

         PROVIDED THAT:

         (A)     the Executive shall not be entitled to be paid whilst absent
                 through Incapacity during more than an aggregate of ninety one
                 (91) days (whether working days or not) in any period of twelve
                 months; and

         (B)     whilst the Executive is entitled to be paid during Incapacity
                 there shall be deducted therefrom the aggregate of any amounts
                 receivable by the Executive by virtue of any sickness, accident
                 benefit or permanent health scheme operated by or on behalf of
                 the Company (except insofar as such amounts represent
                 reimbursement of medical or nursing fees or expenses incurred
                 by the Executive) and the amount of any social security
                 sickness or other benefit to which the Executive may be
                 entitled.

13.2     If the Executive shall be absent by reason of Incapacity for more than
         an aggregate of ninety one (91) days (whether working days or not) in
         any period of twelve months, the Company may, subject to Clause 13.3
         below, at any time thereafter (but no longer than three months
         after the ending of any such period of Incapacity) by not less than
         three

                                                                               8
<PAGE>

         months' notice in writing to the Executive terminate the Employment and
         the Executive shall have no claim for damages or otherwise against the
         Company in respect of such termination.

13.3     The Company shall, for so long as such cover is available on terms
         which the CEO considers to be reasonable, maintain a permanent health
         insurance policy (the "Policy") for the benefit of the Executive and
         shall bear all premiums required to keep the Policy in force throughout
         the period of the Employment. Subject to the rules of the Policy from
         time to time, the Executive may receive payment of two-thirds of the
         Salary in respect of any period of Incapacity exceeding ninety one (91)
         days (whether working days or not) and contributions to the Pension
         Scheme may be maintained. The Company shall not terminate the
         Employment in accordance with Clause 13.2 above unless the Company has
         procured the continued payment of benefits under the Policy for the
         period of the Incapacity or, apart from such termination, until such
         benefits would have ceased to be payable had the Employment continued
         PROVIDED THAT the Company may, in the event of the absence by reason of
         Incapacity exceeding ninety one (91) days, require the Executive to
         resign from any office held in the Company and/or any Group Company and
         may, at its discretion, vary the capacity in which the Executive shall
         continue in the Employment.

13.4     The Executive shall submit to medical examination at such time or times
         and by such registered medical practitioner as the Company may select
         and shall permit the disclosure of the outcome of such medical
         examination to the Company PROVIDED ALWAYS that the Company shall meet
         any costs and/or expenses incurred by the Executive in respect of any
         such examination.

14.      SUMMARY TERMINATION

14.1     The Company may summarily terminate the Employment so that the
         Executive shall have no claim for damages or otherwise against the
         Company in respect of such termination (but without prejudice to any
         other remedy or remedies which it may have against the Executive) if
         the Executive shall:

14.1.1   become of unsound mind or a patient for the purposes of Part VII of the
         Mental Health Act 1983 or any statute related to mental health; or

14.1.2   be convicted of any criminal offence (other than an offence under road
         traffic legislation in the United Kingdom or elsewhere for which a
         penalty other than imprisonment is imposed; or

14.1.3   commit or reasonably be believed by the CEO and/or the Board to have
         committed any act of dishonesty, any serious misconduct or any other
         act which may seriously affect his ability to discharge his duties as
         Finance Director; or

14.1.4   be guilty of any serious or (after written warning) persistent neglect
         in the discharge of his duties or commit any wilful or (after written
         warning) persistent breach of any of the provisions of this Agreement
         (other than by reason of Incapacity); or

14.1.5   commit any act or so conduct himself in a manner which might or does
         bring the reputation of the Company and/or any Group Company into
         question or disrepute.

                                                                               9
<PAGE>

14.2     The Company may at any time, by written notice given by the CEO,
         suspend the Executive for the purpose of investigating any misconduct
         or neglect alleged against the Executive for a period not exceeding one
         month and during any such period the Executive shall not, except with
         the consent in writing of the CEO, attend at any premises of the
         Company or any Group Company or contact any employee of the Company or
         any Group Company (other than a director of the Company or any Group
         Company) or any customer or supplier of the Company or any Group
         Company.

15.      TRANSFER OF UNDERTAKING

         In the event of the Company going into voluntary liquidation for the
         purpose of amalgamation or reconstruction of transferring the whole or
         any substantial part of its business to any other company, the
         Executive shall not for that reason, or by reason of any consequent
         termination of the Employment, have any claim for damages or otherwise
         for breach of this Agreement so long as the Executive shall be offered
         employment on terms overall no less favourable than those contained in
         this Agreement by any company succeeding to the whole or any part of
         the business of the Company.

16.      DUTIES ON TERMINATION

16.1     Upon termination of the Employment for any reason, the Executive shall
         without prejudice to any claim for damages or other remedy which either
         party might have against the other:

16.1.1   upon the request of the Company immediately resign from all offices and
         appointments held by him in or on behalf of the Company and any Group
         Company;

16.1.2   immediately deliver up to the Company all correspondence, documents,
         specifications, papers, magnetic disks, tapes or other software
         storage media and property belonging to the Company and any Group
         Company which may be in the Executive's possession or under his control
         (including such as may have been made or prepared by or have come into
         the possession or under the control of the Executive and relate in any
         way to the business or affairs of the Company or any Group Company
         and/or of any of their suppliers, agents, distributors and/or
         customers) and the Executive shall not, without the written consent of
         the CEO, retain any copies thereof;

16.1.3   immediately deliver up to the Company the mobile phone referred to in
         Clause 9.2.

17.      CONFIDENTIAL INFORMATION

17.1     The Executive shall not without prejudice to his common law duties in
         respect of the same, during the continuance of the Employment or at any
         time after its termination, for any reason use (other than for the
         purposes of the Company and any Group Company) or disclose to any
         person or persons whatsoever (except the proper officers of the Company
         or under the authority of the CEO and/or the Board) and shall use his
         best endeavours to prevent the publication or disclosure of any trade
         secrets or confidential or secret information relating to the business,
         technical processes, designs, source codes and computer systems,
         software, employees and officers, or finances of the Company and any
         Group Company and their suppliers, agents, distributors or customers or
         any confidential or secret information relating to Property or
         connected with the services

                                                                              10
<PAGE>

         provided or products manufactured, marketed or under development by the
         Company or any Group Company all of which he may in the course of the
         Employment become possessed.

17.2     Clause 17.1 shall not apply to information disclosed pursuant to any
         order of any court of competent jurisdiction or any information which,
         except through any breach of this or any other agreement by the
         Executive, is in the public domain.

18.      DATA PROTECTION

18.1     The Company will hold computer records and personnel files relating to
         the Executive. These will include the Executive's employment
         application, references, bank details, performance appraisals, holiday
         and sickness records, salary reviews and remuneration details and other
         records, (which may, where necessary, include sensitive data relating
         to the Executive's health, and data held for ethnic monitoring
         purposes). The Company requires such personal data for personnel
         administration and management purposes and to comply with its
         obligations regarding the keeping of employee/worker records. The
         Executive's right of access to this data is as prescribed by law.

18.2     The Executive hereby agrees that the Company may process personal data
         relating to him for personnel administration and management purposes
         and may, when necessary for those purposes, make such data available to
         its advisors, to parties providing products and/or services to the
         Company (such as IT systems suppliers, pension, benefits and payroll
         administrators), to regulatory authorities (including the Inland
         Revenue), and as required by law. Further, the Executive hereby agrees
         that the Company may transfer such data to and from its Associated
         Companies including any Associated Companies located outside the
         European Economic Area.

19.      POST-EMPLOYMENT RESTRICTIONS

19.1     For the purposes of this Clause 19 the following expressions have the
         following respective meanings:

19.1.1   the "TERMINATION DATE" means the date of termination for any reason of
         the Employment;

19.1.2.  the "PRIOR PERIOD" means the period of 12 months immediately preceding
         the Termination Date.

19.2     The Executive understands and acknowledges that his senior position
         with the Company and the Group gives him access to and the benefit of
         confidential information vital to the continued success of the Company
         and the Group and influence over and connection with the Company's
         customers, suppliers, distributors, agents, employees and directors and
         those of the Group, or prospective customers, suppliers, distributors,
         agents, employees and directors with whom or which the Company or the
         Group is in negotiation, with which the Executive is engaged or in
         contact and hereby acknowledges and confirms that he agrees that the
         provisions appearing in Clauses 19.5 and 19.6 below are reasonable in
         their application to him and necessary but no more than sufficient to
         protect the interests of the Company and the Group.

                                                                              11
<PAGE>

19.3     The Executive agrees that in the event of receiving from any person,
         firm, corporation or other organisation an offer of employment either
         during the continuance of this Agreement or during the continuance in
         force of any of the restrictions set out in Clauses 19.5 and 19.6
         below, he will forthwith provide to such person, firm, corporation or
         other organisation making such an offer of employment a full and
         accurate copy of Clause 19 hereof.

19.4.    In the event that any restriction contained in Clauses 19.5 and 19.6
         below shall be found to be void, but would be valid if some part of the
         relevant restriction were deleted, the relevant restriction shall apply
         with such modifications as may be necessary to make it valid and
         effective.

19.5     The Executive shall not without the prior written consent of the
         Company, during the period of 12 months from the Termination Date,
         whether alone or jointly with or as principal, partner, agent,
         director, employee or consultant of any other person, firm or
         corporation, and whether directly or indirectly, in competition with
         any of the businesses of the Company or any Group Company carried on at
         the Termination Date:

19.5.1   Subject to Clause 19.8, solicit the services or custom of or otherwise
         deal with any person, firm or corporation who or which at any time
         during the Prior Period was a customer, client, supplier, agent of
         distributor of the Company or any Group Company, or a prospective
         customer, client, supplier, agent or distributor with whom or which the
         Company or any Group Company had entered into negotiations, and with
         whom or which the Executive was personally concerned during the Prior
         Period; or

19.5.2   entice or endeavour to entice away from the Company or any Group
         Company or employ any person whose name is supplied to the Executive
         on or about the Termination Date being persons employed by the Company
         or any Group Company who reported to the Executive or to an employee of
         the Company or a Group Company to whom the Executive reported or who
         was in direct regular contact with the Executive during the Employment.

19.6     The Executive shall not without the prior written consent of the
         Company, during the period of 12 months from the Termination Date
         carry on (whether as an individual or otherwise and whether by
         investing or working or allowing his name to be used or otherwise) the
         business of: live entertainment and/or any other theatrical business
         that materially competes or is liable materially to compete with any
         business of the Company or any Group Company carried on at the
         Termination Date in which the Executive was materially engaged during
         the Prior Period where the competing business carries on business
         within England, Wales or Scotland. For the avoidance of doubt this
         clause shall not refer to any business in the radio or outdoor
         advertising sector.

19.7     Nothing in Clause 19.6 shall prevent the Executive holding securities
         in a company listed on a Recognised Stock Exchange where his holding
         does not exceed three per pent of the class of securities concerned.

19.8     Subject to the provisos hereto, the Company shall not unreasonably
         withhold the giving of its consent pursuant to Clause 19.5.1 and in
         deciding whether or not it is reasonable to withhold its consent the
         Company shall only withhold (and, for the avoidance of doubt, shall in
         such case be entitled so to withhold) the giving of such consent if, in
         the opinion

                                                                              12
<PAGE>

         of the CEO, acting in good faith, the proposed action or conduct of the
         Executive in respect of which consent is sought, is such that it would
         or might have an adverse effect on any of the businesses of the Company
         or any Group Company carried on at the Termination Date or would or
         might damage or harm the relationship of any Group Company with any
         customer, client, supplier, agent or distributor (or prospective
         customer, client, supplier, agent or distributor with whom or which the
         Company or any Group Company had entered into negotiations) with whom
         or which the Executive was personally concerned during the Prior
         Period. The burden of proof with respect to establishing that the CEO
         shall have acted in good faith shall lie on the Company PROVIDED THAT
         it is not the parties intention thereby to increase the standard of
         proof which the Company would otherwise have to meet if such burden had
         not been so allocated and PROVIDED FURTHER THAT this Clause 19.8 shall
         not apply with respect to any action or conduct falling within Clause
         19.5.2.

19.9     The Executive agrees that he will not at any time after the termination
         of the Employment represent himself as still having any connection with
         the Company or any Associated Company, save as a former employee for
         the purpose of communicating with prospective employers or complying
         with any applicable statutory requirements

20.      INTELLECTUAL PROPERTY

20.1     The Executive shall promptly communicate to the Company all Own
         Property (whether or not capable of protection by any Intellectual
         Property Right).

20.2     The Executive agrees that all right, title and interest to Own Property
         (including all rights in connection with it which arise whether before
         or after the Employment terminates) throughout the world EXCEPT any
         such Own Property which by virtue of the Patents Act 1977 (as amended)
         belongs to the Executive shall, without payment, belong to the Company
         absolutely.

20.3     When instructing any person, firm or company to carry out work
         (including the supply of goods and/or services) for the Company or any
         Group Company or in connection with the Company's business or the
         business of any Group Company the Executive shall ensure that such
         person, firm or company first assigns to the Company or any Group
         Company all future Intellectual Property Rights in any Property which
         they conceive, create, devise, produce, discover or formulate in the
         course of carrying out the work which they are instructed to perform.

20.4     The Executive shall, during the Employment and thereafter at the
         direction and expense of the Company, apply for and do all acts and
         things necessary to obtain and maintain any Intellectual Property Right
         that may subsist in any Own Property which by virtue of this Clause or
         any statute affecting Property belongs to the Company or any Group
         Company in any part of the world as the Company may require and shall
         vest all such Intellectual Property Rights in the Company or as the
         Company may direct.

20.5     The Executive hereby irrevocably waives all moral rights arising under
         the Copyright, Designs and Patents Act 1988 in any copyright work
         written or created by him in the course of the Employment and all moral
         rights in all other countries in which copyright (including future
         copyright) in any work subsists or may subsist except to the extent
         that

                                                                              13
<PAGE>

         the Executive shall exercise such moral rights at the Company's request
         provided that the Company shall pay the Executive's expenses in so
         doing.

21.      PRESCRIBED INFORMATION

21.1     The following information is set forth for the purposes of section 3,
         ERA:

21.1.1   If the Executive shall have a grievance relating to the Employment or
         is dissatisfied with any disciplinary decision relating to him he may
         apply to the Board and his application will be dealt with by the Board
         at a meeting at which the Executive shall be entitled to be present.

21.1.3   The Executive's period of continuous employment began on the
         Commencement date.

22.      SEVERABILITY

         The Company and the Executive acknowledge that the Clauses and
         sub-Clauses and Schedules of this Agreement are severable. If any
         Clause, sub-Clause or identifiable part of any Clause or sub-Clause or
         Schedule or any paragraph of any Schedule is held to be invalid or
         unenforceable by an English court, then such invalidity or
         unenforceability shall not affect the validity or enforceability of the
         remaining Clauses or sub-Clauses or the identifiable parts of such
         Clauses or sub-Clauses.

23.      COUNTERPARTS

         This Deed may be entered into in any number of counterparts and by the
         parties to it on separate counterparts, each of which when so executed
         and delivered shall be an original, but all the counterparts shall
         together constitute one and the same agreement.

24.      GOVERNING LAW AND JURISDICTION

         This Deed shall be governed by English law and for the benefit of the
         Company, the Executive hereby submits to the exclusive jurisdiction of
         the English Courts. The Executive hereby agrees that service upon the
         Executive at his address specified in this Agreement or such other
         address as he may notify to the Company in writing of any proceedings
         relating to this Deed or to any document entered into pursuant hereto
         shall constitute good service upon the Executive.

25.      NOTICES

         Any notice shall be duly served under this Agreement if, in the case of
         the Company, it is handed to a director of the Company (other than the
         Executive) or sent by recorded or first class post to the Company at
         its registered office for the time being and if, in the case of the
         Executive, it is handed to his or sent by recorded or first class post
         to him at his address specified in this Agreement or such other address
         as he may notify to the Company. A notice sent by recorded or first
         class post shall be deemed served on the working day next following
         posting.

IN WITNESS whereof the parties hereto have executed and delivered this
instrument as a Deed the day and year first before written.

                                                                              14
<PAGE>

SIGNED by PATRICK GLYDON        )
for  and  on behalf of APOLLO   )
LEISURE (UK) LIMITED in the     )
presence of:

SIGNED by ALAN RIDGEWAY         )
in the presence of:             )

                                                                              15
<PAGE>

[CLEAR CHANNEL ENTERTAINMENT LOGO]

         PRIVATE & CONFIDENTIAL

         ALAN RIDGEWAY
         European Music
         Argyll Street

         13th October 2004

         Dear Alan,

         RE: AMENDMENTS TO CONTRACT OF SERVICES TERMS & CONDITIONS

         I am pleased to confirm your recent promotion to President of European
         Music with effect from 1st October 2004.

         To reflect the promotion your salary has been increased to Pound
         Sterling 200,000, with a continuous 5% salary increase per annum. Your
         next salary increase will take place on 1st January 2006. In addition
         you will also receive a non-consolidated Car Allowance of Pound
         Sterling 20,000 per annum, which is also effective from 1st October
         2004.

         The Company has also reviewed its bonus structure for Senior Executives
         and future bonus payment will be calculated on the following basis:-

                   - Contractual Bonus of Pound Sterling 50,000 will be paid to
                     you based on the achievement of the annual objectives set
                     by the President of Global Music.

                   - 15% bonus based on European Music EBITDA growth.

         This new bonus structure gives you the capability to earn up to a
         maximum of 200% of your salary in a given year should you reach a 25%
         EBITDA growth figure. This is based in a sliding scale and a copy of
         this is attached for your information.

         This bonus structure will apply with immediate effect and your 2005
         payment will be made in the first quarter of 2006.

         As of this date you will report to directly to the Michael Rapino
         -President Global of Music.

         All other Terms & Conditions as stated in your previous Contract of
         Services remain unchanged. If you have any queries, please do not
         hesitate to contact me directly.

         Yours sincerely

         /s/ Jignna Patel
         ---------------------------
         JIGNNA PATEL
         HUMAN RESOURCES CONSULTANT

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