Document:

CA Filed by Filing Services Canada Inc. 403-717-3898

 

CERTIFICATIONS

 

I, Brad J. Moynes certify that:

 

		1)	I have reviewed this Annual Report on Form
20-F for Rainchief Energy Inc;

 

		2)	Based on my knowledge, this report does not
contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light
of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

		3)	Based on my knowledge, the financial statements,
and other financial information included in this report, fairly present in all material respects the financial condition, results
of operations and cash flows of the Company as of, and for, the periods presented in this report;

 

		4)	The Company's other certifying officer and
I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
Company and have:

 

		a)	designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating
to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during
the period in which this report is being prepared;

 

		b)	designed such internal control over financial
reporting, or caused such internal control over financial reporting to be designed under supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles; 

 

		c)	evaluated the effectiveness of the Company's
disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls
and procedures, as of the end of the period covered by this report based on such evaluation; and 

 

		d)	disclosed in this report any change in the
Company's internal control over financial reporting that occurred during the period covered by the annual report that has materially
affected, or is reasonably likely to materially affect, the Company's internal controls over financial reporting; and

 

		5)	The Company's other certifying officer and
I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company's auditors and
the audit committee of Company's board of directors (or persons performing the equivalent function):

 

		a)	all significant deficiencies and material
weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect
the Company's ability to record, process, summarize and report financial information; and

 

		b)	any fraud, whether or not material, that
involves management or other employees who have a significant role in the Company's internal control over financial reporting.

 

 

 

Date: August 20, 2013

/s/ Brad J. Moynes

Brad J. Moynes

PresidentCA Filed by Filing Services Canada Inc. 403-717-3898

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO

 

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

In connection with the Annual Report for Rainchief Energy Inc. (the
“Company”) on

Form 20-F for the year ended December 31, 2012 as filed with the
Securities and Exchange

Commission on the date hereof (the “Report), the undersigned,
Paul E. Heney, Chief Executive Officer do hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
of the Sarbanes- Oxley Act of 2002, that to the best of our knowledge:

 

 

(1)The Report fully complies with the requirements of section
13(a) of the Securities

Exchange Act of 1934; and

 

(2)The information contained in the Report fairly presents, in
all material respects, the

Financial condition and results of operations
of the Company.

 

 

By:

 

 

/s/ Paul E. Heney

Paul E. Heney

Chief Executive Officer

August
20, 2013CA Filed by Filing Services Canada Inc. 403-717-3898

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO

 

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

In connection with the Annual Report for Rainchief Energy Inc. (the
“Company”) on

Form 20-F for the year ended December 31, 2012 as filed with the
Securities and Exchange

Commission on the date hereof (the “Report), the undersigned,
Brad J. Moynes, President of the Company do hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
906 of the Sarbanes- Oxley Act of 2002, that to the best of our knowledge:

 

 

(1)The Report fully complies with the requirements of section
13(a) of the Securities

Exchange Act of 1934; and

 

(2)The information contained in the Report fairly presents, in
all material respects, the

Financial condition and results of operations
of the Company.

 

 

By:

 

 

/s/ Brad J. Moynes

Brad J. Moynes

President

August
20, 2013EXECUTION VERSION

	
Exhibit 10.1

	
DATED 

	21 AUGUST­­   2013

 

CME MEDIA SERVICES LIMITED

 

and

 

ADRIAN SARBU

 

SEPARATION AGREEMENT

THIS AGREEMENT (the “Agreement”) is made on  21 August 2013,

 

BETWEEN:

 

	(1)	CME Media Services Limited (Company number 06847543) whose registered office is at 5 Fleet Street, London EC4M 7RD (“the Company”); and

 

	(2)	Adrian Sarbu of 4A Modrogan Street, Sc. A, Et. 5, Apt 15, Sector 1, Bucharest, Romania (“the Employee”).

 

BACKGROUND:

 

The Company and the Employee have had discussions concerning the termination of the Employee’s employment with the Company.

 

	(A)	The Employee was employed by the Company from 27 July 2009 under an amended and restated contract dated 4 April 2013 (the “Contract”).

 

	(B)	The Employee’s employment with the Company shall terminate on 1 January 2014.

 

	(C)	The parties have entered into this Agreement to record and implement the terms on which they have agreed to settle any claims which the Employee has or may have in connection with his employment, his directorships or its or their termination or otherwise against the Company or any Group Company (as defined below) or their directors, officers or employees whether or not those claims are, or could be, in the contemplation of the parties at the time of signing this Agreement.

 

	(D)	The parties intend this Agreement to be an effective waiver of any such claims.

 

IT IS AGREED that:

 

	1	INTERPRETATION

 

For the purposes of this Agreement, the following definitions apply:

 

Confidential Information: is information in whatever form (including, but not limited to, in written, oral, visual or electronic form or on any magnetic or optical disk or memory and wherever located) relating to the business, products or affairs and finances of the Company or any Group Company for the time being confidential to the Company or any Group Company and trade secrets including, without limitation, information concerning advertising, carriage fees and other revenue sources, sales data, sales promotion, research, programming and plans for programming, production and plans for production, finances, accounting, methods, processes, business plans, lists and records of any current or potential suppliers, clients, customers, agents, distributors or other technical data and know‐how relating to the business of the Company or any Group Company or any of their current or potential suppliers, clients, customers, agents, distributors, shareholders or management whether or not such information (if in anything other than oral form) is marked confidential;

 

Content Business: is such business that the Employee may, directly or indirectly, establish and control that has as its purpose the production and creation of scripts, formats, finished programming or production and other content intended for use in audiovisual media services;

 

Copies: copies or records of any Confidential Information in whatever form (including, but not limited to, in written, oral, visual or electronic form or on any magnetic or optical disk or memory and wherever located) including, but not limited to, extracts, analysis, studies, plans, compilations or any other way of representing or recording and recalling information which contains, reflects or is derived or generated from Confidential Information;

 

Equity Securities: means shares or other equity interests or other securities that are directly or indirectly convertible into, or exercisable or exchangeable for shares or other equity interests;

PAGE 2

Group Company: is the Company, Central European Media Enterprises Ltd ("CME Ltd.") any company of which they are a Subsidiary (their holding company) and any Subsidiary of the Company, CME Ltd. or of any such holding company;

 

Labour Code: the labour code applicable in the Czech Republic (Act no. 206/2006 Coll.);

 

Non-Affiliated Party: any party, firm or entity that is not a Third Party;

 

Subsidiary: in relation to a company (a holding company) means a subsidiary (as defined in section 1159 of the Companies Act 2006) and any other company which is a subsidiary (as so defined) of a company which is itself a subsidiary of such holding company;

 

Termination Date: 1 January 2014;

 

Termination Payment: as defined in clause 3; and

 

Third Party: any Group Company or any director, employee or officer of the Company or any Group Company.

 

	1.1	The headings in this Agreement are inserted for convenience only and shall not affect its construction.  The Company is entering into this Agreement for itself and as agent and trustee for all Group Companies and is duly authorised to do so.

 

	1.2	A reference to a particular law is a reference to it as it is in force for the time being taking account of any amendment, extension, or re-enactment and includes any subordinate legislation for the time being in force made under it.

 

	2	ARRANGEMENTS PRIOR TO THE TERMINATION DATE

 

	2.1	The Company shall:

 

		2.1.1	pay the Employee’s basic salary up to the Termination Date in the usual way;

 

		2.1.2	continue to provide any benefits to the Employee in the usual way up to the Termination Date.

 

	2.2	The payment and benefits in clause 2.1 shall be subject to any tax and social or health insurance contributions or other statutory deductions that the Company is obliged by law to pay or deduct.

 

	2.3	The Employee shall use any holiday entitlement prior to the Termination Date and shall not be entitled to receive any amounts in lieu of accrued, but untaken holiday.

 

	2.4	The Employee shall within 14 days of the Termination Date submit a final expenses claim, if any, and the Company shall reimburse the Employee for any expenses properly incurred prior to the Termination Date in accordance with normal Company guidelines.  The Employee agrees that any entitlement pursuant to clause 6.2 of the Contract shall be terminated as of the date of this Agreement.

 

	2.5	The Employee will faithfully perform his duties under this Agreement, observe his obligations under his Contract (which shall, for the avoidance of doubt, remain in force until the Termination Date, save as varied by this Agreement) and perform such other duties or directions given by the directors of the Company, including, but not limited to conducting a comprehensive handover of his duties to any such person nominated by the Company, including any successor, and cooperating with the Company relating to the continuing implementation of any key strategic or pricing initiatives. In the event that the Employee's employment is terminated for Cause (as defined in the Contract), then the Termination Payment shall no longer be payable. For the avoidance of doubt, the Company expects the Employee to attend the offices of the Company or any relevant Group Company only when it reasonably requires it.

PAGE 3

	3	COMPANY’S OBLIGATIONS

 

	3.1	Subject to the terms set out below (including clause 5.1) and the Employee complying with the terms of this Agreement, the Employee will receive  an amount equal to USD 5,400,000 (five million four hundred thousand US Dollars) (“the Termination Payment”) by way of the Company exercising the Payment Option pursuant to clause 7.4 of the Contract.  The Termination Payment shall be made in Czech koruna (CZK) based on the USD-CZK exchange rate in effect on December 31, 2013.

 

	3.2	The Termination Payment will be made within 14 days of the later of:

 

		3.2.1	the Company’s receipt of this Agreement signed by the Employee and the independent adviser's certificate as required by clause 6.4.1 of this Agreement; and

 

		3.2.2	the Termination Date; and

 

		3.2.3	the Employee’s compliance with clause 4.1 of this Agreement.

 

	3.3	The Company shall instruct its officers not to, and shall not authorise  its employees to, whether directly or indirectly, make, publish or otherwise communicate any disparaging or derogatory statements, whether in writing or otherwise, concerning the Employee or any statements which may have the effect of damaging or lowering the reputation of the Employee.  The Company and the Employee have agreed an announcement that will be published by the Company and neither party will make any statement to third parties which is inconsistent with that announcement.

 

	3.4	From the date of this Agreement until the Termination Date, the Employee shall be entitled to continue to use the office space of the Company or the relevant Group Company in Prague or Bucharest in connection with the performance of his duties under this Agreement. The Company may, at its absolute discretion, determine the equipment and other resources that may be made available to the Employee from time to time and reserves the right to immediately prevent the Employee from having access to such office space or resources if the Employee does not act in the best interests of the Company or any Group Company or is in breach of this Agreement.

 

	3.5	The Employee has been granted 271,425 (two hundred seventy one thousand four hundred twenty five) restricted stock units (the "RSUs") under the terms of CME Ltd.'s Amended and Restated Stock Incentive Plan ("Stock Incentive Plan") which shall vest on the Termination Date subject to and in accordance with the rules of the Stock Incentive Plan and provided that this Agreement or the Contract has not been terminated prior to the Termination Date.  Following the Termination Date, the Employee shall, and the Company procures that CME Ltd. shall, complete such documentation as is reasonably required to give effect to the vesting of the RSUs, if applicable, and to the extent required in accordance with the rules of the Stock Incentive Plan.

 

	3.6	The Company confirms that the Employee:

 

		3.6.1	and Alerria Management Company S.A beneficially own a currently exercisable warrant to purchase 600,000 share of Class A Common Stock of CME Ltd.; and

 

		3.6.2	and Metrodome B.V. beneficially own a currently exercisable warrant to purchase 250,000 shares of Class A Common Stock of CME Ltd.;

 

and that the terms of such warrants shall survive and shall not be affected by the terms of this Agreement.

PAGE 4

	3.7	The Company and the Employee acknowledge that, subject to Clause 14.1.1 of the Contract, the Employee intends to develop a Content Business following the Termination Date. The Employee shall, at any time from the Termination Date until the first anniversary of that date, promptly provide the Company and any applicable Group Company with details of any proposal and business plan to develop any such Content Business and the Employee shall offer the Company or any Group Company the right to purchase Equity Securities in such Content Business on such reasonable commercial terms as shall be agreed between the parties in good faith  (including granting to the Company or any Group Company a right of first negotiation to license output of the Content Business) and in priority to, and to the exclusion of, any offer to sell any Equity Securities in such Content Business to any other Non-Affiliated Party.  Subject to the prior approval of the board of directors of CME Ltd., the Company or applicable Group Company shall acquire Equity Securities in the Content Business in an amount not to exceed USD 3 million (three million U.S. dollars).

 

	3.8	The Company procures that if, at any time prior to 31 December 2015, either CME Media Pro Distribution B.V. (together with CME Investments B.V.) or Media Pro Entertainment Romania S.A. elects to sell their entire interest in any Group Company owned by them on the Termination Date to a Non-Affiliated Party, the Company shall provide the Employee with written notice of such intention to sell in priority to, and to the exclusion of, other Non-Affiliated Parties.  From the date of such notice, the Employee shall have 60 calendar days (the "Period") in which to make a proposal to the relevant Group Company and to conclude a purchase agreement with such Group Company on such reasonable commercial terms as shall be agreed between the parties in good faith.  If such a purchase agreement is not completed prior to or on the expiry of the Period, the relevant Group Company may sell or offer to sell such entire interest to any other Non-Affiliated Party.

 

	4	EMPLOYEE OBLIGATIONS

 

	4.1	The Employee warrants that he:

 

		4.1.1	will prior to or immediately on the Termination Date return to the Company:

 

		(a)	all Confidential Information and Copies;

 

		(b)	all books, documents, papers, computer discs and other media (including copies), laptops, mobile handsets, credit cards, keys, security pass, identity badge and all other property in whatever format belonging to or relating to the business of the Company or any Group Company or any of their suppliers, agents or clients; and

 

		4.1.2	will prior to or immediately on the Termination Date irretrievably delete all documents and information belonging to, relating to, obtained from, or prepared for the Company, or any Group Company or any of its or their respective customers or clients that he has stored on any magnetic or optical disk or memory and all matter derived from such sources which is in his possession or under his control outside the premises of the Company (including, without limitation, any email, documents or other data stored on any personal device) and inform the Company of any passwords used by him on computers which are the property of the Company or any Group Company;

 

		4.1.3	will, if requested to do so by the Company, provide it with such reasonable evidence of compliance as may be requested;

 

		4.1.4	will immediately resign any appointment, trusteeship, office or directorship  of CME Ltd. or any Group Company or other  entity which the Employee held by reason of his employment by the Company by signing the letter of resignation attached to this Agreement at schedule 1, which shall be deemed to have been delivered to the Company as at the date of this Agreement and shall do all such acts as the Company may require to give effect to any such resignation.  If the Employee fails to resign any such appointment, the Company or any Group Company is hereby irrevocably authorised to appoint some person in his name and on his behalf to sign and execute all documents and do all things necessary to constitute and give effect to such resignation; and

 

		4.1.5	will not from the date hereof or after the Termination Date, without the prior written consent of the Company, hold himself out as being the President and Chief Executive Officer of the Company or any Group Company or as having any confirmed authority in respect of or in connection to the Company or any Group Company.

PAGE 5

	4.2	The Employee agrees:

 

		4.2.1	to keep the terms of this Agreement and all discussions and other correspondence on this subject and the circumstances leading to the termination of his employment confidential and not to disclose them to any other person except to a professional adviser who has agreed to be bound by the restriction, the relevant tax authorities, his immediate family (who have agreed to be bound by the restriction)  and except as may be required by law or by regulatory authorities or with the Company’s written consent;

 

		4.2.2	not, whether directly or indirectly, to make, or publish any untrue, disparaging or derogatory statements in relation to the Company or any Group Company or its or their directors, officers, employees or shareholders or any statements which may have the effect of damaging or lowering the reputation of the Company or any Group Company or any of their directors, officers, employees or shareholders;

 

		4.2.3	to provide the Company or any Group Company with such assistance as they may reasonably require in the conduct of such proceedings as may arise in respect of which the Company or any Group Company or its legal advisers believes the Employee may be able to provide assistance and subject to reasonable notice, provided that the Company or any Group Company will pay reasonable expenses and compensate for reasonable loss of earnings or holiday incurred in providing such assistance insofar as the Employee’s assistance cannot be compelled by a court of competent jurisdiction;

 

		4.2.4	not, except as may be required by law, to divulge to any person whatsoever or otherwise make use of (and shall use his best endeavours to prevent publication of) any trade secret or any Confidential Information concerning the business, or finances of the Company or any other Group Company  or any of their dealings transactions or affairs or any such confidential information concerning their current or potential suppliers, clients, customers, agents or distributors except insofar as any trade secret or Confidential Information may have come into the public domain (other than as a result of any breach of any obligation made by the Employee to the Company).

 

	4.3	The Employee authorises the Company to deduct any sums due to the Company or any Group Company from the Employee or his affiliates from the monies payable under this Agreement.

 

	4.4	If the Employee materially breaches any provision of this Agreement or pursues a claim against the Company or any Group Company or any of their directors, officers, employees or shareholders notwithstanding the provisions of this Agreement, he acknowledges and agrees to pay to the Company a sum equal to USD 5,400,000 (five million four hundred thousand U.S. Dollars) and that the said sum is recoverable from him by the Company as a debt and that the Company shall be released from any continuing obligations under this Agreement.

 

	4.5	The Employee warrants and represents to the Company as a strict condition of this Agreement and that as at the date of the Agreement:

 

		4.5.1	he has not withheld or failed to disclose any material fact concerning the performance of his duties with the Company and/or any Group Company or any breach of any material term (express or implied) of his Contract which would have entitled the Company to have dismissed him summarily without notice or payment in lieu of notice (if he was still employed) and any payment of the Termination Payment is conditional upon this being so;

 

		4.5.2	he has not and will not in the future request any personal data from the Company or any Group Company;

PAGE 6

		4.5.3	he has not presented a claim to an office of the Employment Tribunals or issued a claim in the High Court or County Court in England or Wales or any similar tribunal, agency or court in any other jurisdiction in respect of any claim in connection with the Employee’s employment or his directorships or the Contract or its or their termination and he undertakes that no such proceedings have been or will be issued in connection with the same and further agrees that all monies paid to the Employee under this Agreement will be repayable to the Company, as a debt and upon demand;

 

		4.5.4	there are no matters of which the Employee is aware relating to any act or omission by the Employee or by any other director, officer, employee, shareholder or agent of the Company or any Group Company which if disclosed to the Company would or might otherwise affect the Company's decision to enter into this Agreement;

 

		4.5.5	as at the date of this Agreement, he is not aware nor ought reasonably to be aware of any facts or matters which might give rise to a claim by the Employee for personal injury against the Company or any Group Company;

 

		4.5.6	he has acted in the best interests of the Company or any Group Company and has not knowingly committed any material breach of duty of any kind owed to the Company or any Group Company; and

 

		4.5.7	he has not as at the date of this Agreement obtained employment or entered into a contract for services, a consultancy agreement or any partnership or agency agreement with any person, firm or company and that he does not have any offer or expectation of an offer of employment or of a contract for services or consultancy or any partnership or agency agreement from any person, firm or company.

 

	5	TAX

 

	5.1	The monies paid under clause 3.1 above will be paid net of tax and social and health insurance, and any statutory deductions as are required by law where applicable.

 

	5.2	The Employee will indemnify the Company and any Group Company in respect of any additional tax, social or health insurance, together with interest and/or any penalties for which the Company or any Group Company has to account to any relevant taxing authority (including, but not limited to the relevant tax authorities in the Czech Republic and Romania) in respect of this Termination Payment or the other terms contained in this Agreement or arising from the Contract provided always that prior to making any such payment the Company has notified the Employee of the tax claim or demand concerned and copied all relevant correspondence to the Employee within fourteen days of receipt and that the Employee will have the opportunity to make such representations as the Employee considers appropriate prior to the Company making the payment.

 

	6	WAIVER OF CLAIMS

 

	6.1	But for this Agreement, the Employee could bring proceedings against the Company, any Group Company and their respective officers, directors, shareholders or employees for the contractual, statutory and tortious claims listed below, (although for the avoidance of doubt the Company does not accept liability for such claims):

 

		6.1.1	a claim that the termination of the Employee's employment on the Termination Date was a wrongful dismissal;

 

		6.1.2	a claim for breach of contract;

 

		6.1.3	a claim that a failure by the Company or any Group Company to make a payment to the Employee of wages, fees, bonus, commission, holiday pay, sick pay, overtime payments or other benefits in kind was an unauthorised deduction from wages under the Employment Rights Act 1996 (as amended) ("ERA");

PAGE 7

		6.1.4	a claim that the termination of the Employee's employment was an unfair dismissal under the ERA;

 

		6.1.5	a claim for a redundancy payment whether statutory or otherwise;

 

		6.1.6	the following claims under the Equality Act 2010 ("Equality Act"):

 

		(a)	a claim that any act or omission of the Company at any time was unlawful direct or indirect discrimination or harassment because of or in relation to age under the Equality Act;

 

		(b)	a claim that any act or omission of the Company at any time was unlawful direct or indirect discrimination because of or in relation to disability or because of something arising in consequence of the Employee's disability or discrimination by failure to comply with a duty to make reasonable adjustments or harassment because of or related to disability under the Equality Act;

 

		(c)	a claim that any act or omission of the Company at any time was unlawful direct or indirect discrimination or harassment because of or in relation to gender reassignment under the Equality Act;

 

		(d)	a claim that any act or omission of the Company at any time was unlawful direct or indirect discrimination or harassment because of or in relation to marriage or civil partnership under the Equality Act;

 

		(e)	a claim that any act or omission of the Company at any time was unlawful direct or indirect discrimination or harassment because of or in relation to race under the Equality Act;

 

		(f)	a claim that any act or omission of the Company at any time was unlawful direct or indirect discrimination or harassment because of or in relation to religion or belief under the Equality Act;

 

		(g)	a claim that any act or omission of the Company at any time was unlawful discrimination or harassment because of or in relation to sex under the Equality Act;

 

		(h)	a claim that any act or omission of the Company at any time was unlawful direct or indirect discrimination or harassment because of or in relation to sexual orientation under the Equality Act;

 

		(i)	a claim that any act or omission of the Company at any time was victimisation under section 27 of the Equality Act;

 

		6.1.7	a claim that by virtue of any act or omission of the Company at any time the Employee suffered a detriment on a ground set out in section 47B ERA (protected disclosure);

 

		6.1.8	a claim under section 3 of the Protection from Harassment Act 1997 that the Employee has been subject to a course of conduct amounting to harassment;

 

		6.1.9	a claim that the Company failed to comply with its obligations under the Data Protection Act 1998.

 

	6.2	The terms of this Agreement are reached without admission of liability and are in full and final settlement of:

 

		6.2.1	the Employee's claims listed under clause 6.1

PAGE 8

		6.2.2	all other claims or rights of action whatsoever past and future (if any) whether contractual, in common law, tort, statutory or otherwise and whether contemplated or not under United Kingdom, Czech (including under the Labour Code), Romanian and/or European Union law or under the law of any other country or jurisdiction elsewhere in the world which the Employee has or may have against the Company or any Group Company or their respective former or present officers, directors, shareholders, agents, workers, consultants or employees arising out of or in connection with the Employee's employment, the Contract or his directorships(s) or  their termination and he irrevocably waives any such claims or rights of action which he now has (if any) or may become aware of hereafter but excluding:

 

		(a)	any claims for personal injury which satisfy all of the following:

 

		(i)	they do not relate to the matters covered by clauses 6.1.6 (a)-(i)

 

		(ii)	at the date of this Agreement he was unaware of them; and

 

		(iii)	at the date of this Agreement he may be reasonably be expected to be unaware of them

 

		(b)	any claims in respect of accrued pension rights.

 

	6.3	The Employee represents and warrants to the Company as a strict condition of this Agreement that as at the date of this Agreement:

 

		6.3.1	he has disclosed to the relevant independent adviser (identified in clause 6.4) all facts or circumstances that may give rise to a claim against the Company or any Group Company or their respective officers, directors, shareholders or employees and he is not aware of any facts or circumstances that may give rise to such claim other than those claims specified in clause 6.1; and

 

		6.3.2	the claims listed at clause 6.1 include all of the complaints, claims and concerns which the Employee has against the Company or any Group Company or their respective officers, directors shareholders or employees arising out of the Employee's employment under the Contract or any act or omission relating to the Employee's employment or his directorships(s) or relating to, arising out of or connected to the manner of their termination.

 

	6.4	The Employee further represents and warrants to the Company as a strict condition of this Agreement that as at the date of this Agreement the Employee has received independent legal advice from a relevant independent adviser as to the terms and effect of this Agreement and in particular its effect on the Employee's ability to pursue statutory rights before an employment tribunal.  The name of the relevant independent adviser who has so advised the Employee is Nicola Doran of Osborne Clarke   of One London Wall, EC2Y 5EB ("Employee's Adviser") and the Employee's Adviser has signed the endorsement annexed to this Agreement.

 

	6.5	The Company and the Employee agree and acknowledge that the conditions regulating settlement agreements and settlement contracts contained in section 147 of the Equality Act, section 203(3) of the ERA, and regulating settlement agreements/compromise agreements/settlement contracts/compromise contracts contained in any other act or statutory instrument referred to in clause 6.1 are intended to be and have been satisfied.

 

	6.6	The Employee agrees that, except for the payments and benefits provided for in clauses 2 and 3, he shall not be eligible for any further payment or provision of any remuneration, bonus, or other emolument or benefit, including share or incentive awards from the Company or any Group Company or any of their respective current and former employees, officers, directors or shareholders relating to his employment, or his directorship(s) or their termination, whether under the Contract or otherwise.

 

	6.7	The Company warrants and represents to the Employee as a strict condition of this Agreement that none of its directors or officers are aware, or ought reasonably to be aware, at the date of this Agreement,  of any grounds that could give rise to a claim against the Employee by the Company or any Group Company.

PAGE 9

	7	MISCELLANEOUS

 

	7.1	Contracts (Rights of Third Parties) Act 1999

 

The Contracts (Rights of Third Parties) Act 1999 shall only apply to this Agreement to the extent (but no more) set out in this clause.  Any Third Party shall be entitled to enforce the benefits conferred on it by this Agreement.  The consent of a Third Party shall not be required for the variation or termination of this Agreement even if that variation or termination affects the benefits conferred on any Third Party.

 

	7.2	Binding Agreement

 

This Agreement, although marked “without prejudice” will, upon signature by all of the parties, be treated as an open document, evidencing an Agreement binding on the parties.

 

	7.3	Governing Law and Jurisdiction

 

		7.3.1	This Agreement is governed by and shall be construed in accordance with the Laws of England and Wales.

 

		7.3.2	The parties to this Agreement submit to the exclusive jurisdiction of the Courts of England and Wales.

 

	7.4	Entire Agreement

 

		7.4.1	This Agreement and the Contract contain the entire agreement and understanding between the parties and supersedes all previous Agreements and arrangements (if i.e. any) relating to the Employee’s employment and its termination, save that clauses 8 (Confidentiality), 9 (Intellectual Property), and 14 (Post-Employment Restrictions and Corporate Opportunities) of the Contract shall continue to apply following the Termination Date. For the avoidance of doubt, the Company agrees that the Employee may continue to participate and engage in the investments in companies listed in Annex 1 to the Contract (in such percentages as are applicable from time to time) and that the Employee's activities in relation to the companies listed in that Annex shall not be subject to the restrictions  at clause 14 of the Contract following the termination thereof, provided, that the activities such companies engage in continue to be substantially the same as those as of the date of the Contract.

 

		7.4.2	Each of the parties acknowledges and agrees that in entering into this Agreement, it does not rely on, and shall have no remedy in respect of, any statement, representation, warranty or understanding (whether negligently or innocently made) other than as expressly set out in this Agreement.  The only remedy available to any party in respect of any such statement, representation, warranty or understanding shall be for breach of contract under the terms of this Agreement.

 

		7.4.3	Nothing in this clause 7 shall operate to exclude any liability for fraud.

 

		7.4.4	Nothing in this Agreement shall prevent the Employee from disclosing information which he is entitled to disclose under sections 43A to 43L of the Employment Rights Act 1996 provided that the disclosure is made in accordance with the provisions of that Act.

PAGE 10

	
Signed for and on behalf of the Company:

	
/s/ David Sturgeon

	 	
	
Signed by the Employee:

	
/s/ Adrian Sarbu

PAGE 11

INDEPENDENT ADVISER'S ENDORSEMENT ADDRESSED TO THE BOARD OF DIRECTORS OF THE COMPANY

 

I, Nicola Doran of Osborne Clarke of One London Wall, London EC2Y 5EB  confirm that I have given independent legal advice to Adrian Sarbu of 4A Modrogan Street, Sc. A, Et. 5, Apt 15, Sector 1, Bucharest, Romania as to the terms and effect of the above agreement and in particular its effect on his ability to pursue his rights before an employment tribunal.

 

I confirm that I am a "relevant independent adviser" (as such term is defined in section 203 of the Employment Rights Act 1996) and that there is and was at the time I gave the advice referred to above in force a contract of insurance, or an indemnity provided for members of a profession or professional body, covering the risk of a claim by Adrian Sarbu in respect of any loss arising in consequence of that advice.

 

	
SIGNED

	
 

	
Nicola Doran

PAGE 12

SCHEDULE 1 - RESIGNATION LETTER

 

	
Private & Confidential

	
The Directors

	
Central European Media Enterprises Ltd.

	
O’Hara House

	
3 Bermudiana Road

	
Hamilton HM 08

	
Bermuda

	
 

	
August __, 2013

Dear Sirs

 

Please accept this letter as formal notice of my resignation as a director of Central European Media Enterprises Ltd., as President and Chief Executive Officer of Central European Media Enterprises Ltd., as a member of the supervisory board of BTV Media Group EAD and any other subsidiaries of which I hold the position of officer, director, supervisory board member, administrator or similar role.  My resignation is to be effective immediately.

 

I confirm that I have no claims of any nature outstanding against the Company, CME Ltd., BTV Media Group EAD or those of its subsidiaries of which I hold the position of director, officer, supervisory board member, administrator or similar role and/or their directors, officers, employees or shareholders arising out of or in connection with my service as director, supervisor board member or similar role, or the loss of any rights relating to them.

	
Yours faithfully

	 
	
Adrian Sarbu

 

 

PAGE 13

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