Document:

Exhibit 4.1

                          FIRST SUPPLEMENTAL INDENTURE

                                     between

                      METROMEDIA INTERNATIONAL GROUP, INC.

                                   as Issuer,

                                       and

         U.S. BANK NATIONAL ASSOCIATION (f/k/a U.S. BANK TRUST NATIONAL
                  ASSOCIATION), a national banking association

                                   as Trustee

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

                                  June 14, 2005

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

                     10 1/2% Senior Discount Notes due 2007

<PAGE>

                          FIRST SUPPLEMENTAL INDENTURE
                          ----------------------------

         This First Supplemental Indenture, dated as of June 14, 2005 (this
"First Supplemental Indenture"), between Metromedia International Group, Inc., a
Delaware corporation (the "Company"), and U.S. Bank National Association (f/k/a
U.S. Bank Trust National Association), a national banking association, as
trustee (the "Trustee"). All capitalized terms used herein without definition
shall have the respective meanings ascribed to them in the Original Indenture
(as defined below).

                              W I T N E S S E T H:

         WHEREAS, the Company has heretofore executed and delivered to the
Trustee an Indenture dated as of September 30, 1999 (the "Original Indenture"),
providing for the issuance of $210,631,376 aggregate principal amount of the
Company's 10 1/2% Senior Discount Notes due 2007 (the "Notes"), with an
aggregate principal amount outstanding as of the date first written above of
approximately $152,000,000;

         WHEREAS, Section 9.2 of the Original Indenture provides that, with the
consent of the Holder(s) of a majority in aggregate principal amount at Stated
Maturity of the then outstanding Notes voting as a single class, the Company and
the Trustee may amend the Original Indenture to waive certain existing Defaults
or an Event of Default;

         WHEREAS, the Company has failed to failed to timely file with the SEC,
and furnish the Trustee and the Holders of the Notes with, the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 2004 ("2004 Form
10-K") as required by Section 4.3 of the Original Indenture and applicable
provisions of the Exchange Act;

         WHEREAS, the Company has failed to deliver to the Trustee the Officers'
Certificate within 90 days after the end of the December 31, 2004 fiscal year as
required pursuant to Section 4.4(a) of the Original Indenture (the "Officers'
Certificate") and the written statement of the Company's independent public
accountants required to accompany the 2005 Form 10-K pursuant to Section 4.4(b)
of the Original Indenture (the "CPA Statement");

         WHEREAS, the Company has received an executed waiver from Holders of
Notes in an aggregate principal amount at Stated Maturity of $125,454,392
representing approximately 82.5% of the outstanding principal amount of the
Notes at Stated Maturity as of the execution date of the waiver, a copy of which
is attached hereto as Annex A, pursuant to which the Holders waived until July
15, 2005 the Defaults or Event of Default that have arisen or may arise under
the Original Indenture as a result of a failure by the Company to (a) timely
file with the SEC, and furnish the Trustee and the Holders of the Notes with,
the 2004 Form 10-K and (b) deliver to the Trustee the Officers' Certificate and
the CPA Statement;

         WHEREAS, all action on the part of the Company necessary to authorize
its execution, delivery and performance of the First Supplemental Indenture has
been duly taken; and

         NOW, THEREFORE, to comply with the provisions of the Original Indenture
and in consideration of the above premises, the Company and the Trustee mutually
covenant and agree for the equal and proportionate benefit of all Holders of the
Notes as follows:

<PAGE>

                                    ARTICLE 1

         Section 1.01 This First Supplemental Indenture is supplemental to the
Original Indenture and does and shall be deemed to form a part of, and shall be
construed in connection with and as a part of, the Original Indenture for any
and all purposes.

         Section 1.02 This First Supplemental Indenture shall become effective
immediately upon its execution and delivery by each of the Company and the
Trustee.

                                    ARTICLE 2

         Section 2.01 The Company and the Trustee hereby acknowledge and agree
that the following proviso shall be added to the end of Section 6.1(v) of the
Original Indenture:

     "provided, however, that the failure of the Company to comply with Sections
     4.3 and 4.4 hereof or ss.314 of the Trust Indenture Act as a result of the
     failure to (a) timely file with the SEC, and furnish the Trustee and the
     Holders of the Notes with, the Company's Annual Report on Form 10-K for the
     fiscal year ended December 31, 2004 (the "2005 Form 10-K") or (b) deliver
     to the Trustee the Officers' Certificate within 90 days after the end of
     the December 31, 2004 fiscal year as required pursuant to Section 4.4(a)
     hereof (the "2005 Officer's Certificate") and the written statement of the
     Company's independent public accountants required to accompany the 2005
     Form 10-K pursuant to Section 4.4(b) hereof (the "2005 CPA Statement")
     during the period beginning on April 1, 2005 and ending at 11:59 p.m., New
     York City time on July 15, 2005 shall not constitute an Event of Default;
     provided, further, that any failure to comply with Sections 4.3 and 4.4
     hereof or ss.314 of the Trust Indenture Act as a result of the failure to
     timely file with the SEC, and furnish the Trustee and the Holders of the
     Notes with, the 2005 Form 10-K and deliver to the Trustee the 2005
     Officers' Certificate and 2005 CPA Statement shall constitute an Event of
     Default as of 12:00 a.m. New York City time on July 16, 2005 if, on or
     before 11:59 p.m. New York City time on July 15, 2005 the Company shall
     have failed to file with the SEC, and furnish the Trustee and the Holders
     of the Notes with, the 2005 Form 10-K and deliver to the Trustee the 2005
     Officers' Certificate and 2005 CPA Statement."

                                    ARTICLE 3

         Section 3.01 Except as specifically modified herein, the Original
Indenture and the Notes are in all respects ratified and confirmed and shall
remain in full force and effect in accordance with their terms. The Trustee
shall not be responsible in any manner whatsoever for or in respect of the
validity or sufficiency of this First Supplemental Indenture or for or in
respect of the recitals contained herein, all of which are made solely by the
Company.

         Section 3.02 Except as otherwise expressly provided herein, no duties,
responsibilities or liabilities are assumed, or shall be construed to be
assumed, by the Trustee by reason of this First Supplemental Indenture. This
First Supplemental Indenture is executed and accepted by the Trustee subject to
all the terms and conditions set forth in the Original Indenture with the same
force and effect as if those terms and conditions were repeated at length herein
and made applicable to the Trustee with respect hereto. In entering into this
First Supplemental Indenture, the Trustee shall be entitled to the benefit of
every provision of the Original Indenture relating to the conduct or affecting
the liability or affording protection to the Trustee, whether or not elsewhere
herein so provided.

                                       2

<PAGE>

         Section 3.03 THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

         Section 3.04 This First Supplemental Indenture may be executed in any
number of counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument.

         Section 3.05 By not later than the close of the Business Day after
execution of this First Supplemental Indenture, the Company shall issue a press
release describing the material terms of (a) this First Supplemental Indenture,
and (b) the waiver obtained from the Holders of Notes in connection with
execution of this First Supplemental Indenture.

                            (Signature Pages Follow)

                                       3

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this First
Supplemental Indenture to be duly executed, all as of the date first written
above.

                         METROMEDIA INTERNATIONAL GROUP, INC.

                         By:      /S/ Mark S. Hauf
                                  --------------------------------------------
                                  Name: Mark S. Hauf
                                  Title: President and Chief Executive Officer

                         U.S. BANK NATIONAL ASSOCIATION,
                         a national banking association

                         By:      /S/ Richard Prokosch
                                  --------------------------------------------
                                  Name: Richard Prokosch
                                  Title:Vice President

                                       4Exhibit 10.1

      Emergent Telecom Ventures S.A.                 First National Holding S.A.
             84, rue du Rhone                       B, Boulevard du Prince Henri
         Geneva 1207, Switzerland                         L-1724 Luxembourg

                            Pisces Investment Limited
                                c/o Trident Trust
                              Theklas Lyssioti, 29
                           Cassandra Center, 2nd Floor
                                 Office 201/202
                                    P.C. 3030
                                Limassol, Cyprus

                                                                   June 14, 2005

Metromedia International Group, Inc.
8000 Tower Point Drive
Charlotte, North Carolina 28227
Attn:    Mr. Mark Hauf,
         Chairman and Chief Executive Officer

Re:  Share Purchase Agreement Sections 5.1, 5.12, 7.1 and 7.3

Ladies and Gentlemen:

                  Reference is made to that certain Share Purchase Agreement (as
amended, supplemented or modified from time to time in accordance with its
terms, the "Purchase Agreement"), dated as of February 17, 2005, by and among
Metromedia International Group, Inc., a Delaware corporation and the direct
parent of NWE Capital (Cyprus), Ltd., a company organized under the Companies
Law of Cyprus, First National Holding S.A., a societe anonyme organized under
the laws of Luxembourg, Emergent Telecom Ventures S.A., a societe anonyme
organized under the laws of Switzerland, and Pisces Investment Limited, a
company organized under the Companies Law of Cyprus and wholly-owned subsidiary
of FNH and ETV. Capitalized terms used herein but not otherwise defined herein
shall have the meanings ascribed to them in the Purchase Agreement.

                  Notwithstanding anything in the Purchase Agreement to the
contrary, each request (a "Request") for the written consent of the Buyers
pursuant to the third sentence of Section 5.1 or the consent of the Buyer
Designee pursuant to Section 5.12 shall be delivered by hand (including courier)
or by fax to: Mr. Alexander Barunin, c/o OAO Telecominvest, Nevsky pr., 54, St.
Petersburg, Russia 191011 (facsimile +7 812 604 06 41) and shall include
information regarding the action for which the consent is sought together with
any relevant information and documentation relating thereto. Simultaneously,
notice of the delivery of the Request (which need only refer to the fact that a
Request has been delivered, and need not include any other materials or
information) shall be sent by fax to: Mr. Claus Abildstrom (facsimile +45 339
335 30) and Mr. Mohamed Amersi (facsimile +41 22 752 2202). The Buyers' or Buyer
Designee's, as the case may be, response to the Request shall be in writing and
shall be delivered to PeterStar by hand at the following address: ZAO PeterStar,
16 Line at Vasilievsky Island, 31, St. Petersburg, Russia 199178, c/o General
Director, or sent by fax to Peterstar (facsimile +7 812 329 9001) within four
Business Days after such Request has been delivered to the address set forth in
the preceding sentence; provided, however, that it is understood and agreed that
if no response to a Request has been received by PeterStar within four Business
Days of delivery of such Request in accordance with the preceding sentence, then
such consent shall be deemed given. For these purposes, a "Business Day" is any
day other than Saturday, Sunday or any other day which is a holiday in the
Russian Federation, and shall consist of the time period from 12.01 a.m. through
12 midnight in St Petersburg, Russia.

<PAGE>

                  Other than with respect to the specific matters referred to in
the preceding paragraph, any notice or other communication to or with the Buyers
shall be given in accordance with Section 8.2 of the Agreement and the Buyer
Designee shall not have the power to receive on behalf of the Buyers and/or act
upon any communication intended for the Buyers.

                  In addition, this will confirm for the avoidance of doubt that
the Buyer Designee shall be considered a "Representative" of the Buyers for all
purposes of the Agreement, including, without limitation, Section 5.3 thereof.

                  Finally, the parties hereby agree that Sections 7.1 and 7.3 of
the Purchase Agreement shall be amended as follows:

                  1. Section 7.1(b)(ii) of the Purchase Agreement is hereby
deleted in its entirety and is replaced with the words "intentionally omitted."

                  2. Section 7.1 of the Purchase Agreement is hereby amended by
adding the following new subsections (g), (h) and (i) at the end thereof:

                  "(g) by the Seller if the Closing Date shall not have occurred
         on or before March 31, 2006; provided, however, that, notwithstanding
         the foregoing, the Seller's right to terminate this Agreement pursuant
         to this Section 7.1(g) shall not be available (x) if the Seller's
         willful failure to fulfill any covenants or agreement under this
         Agreement has been a principal cause of, or resulted in, the failure to
         consummate the Share Purchase by such date or (y) until sixty (60) days
         after the date of the Stockholder's Meeting, if such meeting is held
         less than sixty (60) days prior to March 31, 2006.

                  (h) by the Buyers, acting jointly, if the Closing Date shall
         not have occurred on or before December 31, 2005; provided, however,
         that, nothwithstanding the foregoing, the Buyers' right to terminate
         this Agreement pursuant to this Section 7.1(h) shall not be available
         (x) if any Buyer's willful failure to fulfill any covenants or
         agreement under this Agreement has been a principal cause of, or
         resulted in, the failure to consummate the Share Purchase by such date
         or (y) until sixty (60) days after the date of the Stockholder's
         Meeting, if such meeting is held less than sixty (60) days prior to
         December 31, 2005; provided, further, that if the Seller notifies the
         Buyers in writing that it is ready, willing and able to mail the Proxy
         Statement to the stockholders of the Seller in respect of a

<PAGE>

         Stockholder's Meeting that will occur after December 31, 2005, then the
         Buyers, acting jointly, shall respond by delivering a written letter
         agreement (the "Extension Response Agreement") to the Seller within
         four Business Days after receiving such written notice from the Seller
         whereby the Buyers will either (i) terminate this Agreement pursuant to
         this Section 7.1(h) or, if such Extension Response Agreement is
         delivered prior to December 31, 2005, irrevocably commit to terminate
         this Agreement pursuant to this Section 7.1(h) immediately following
         December 31, 2005 or (ii) waive their rights under this Section 7.1(h),
         subject to the conditions that (A) the Proxy Statement is mailed to the
         Seller's stockholders within ten (10) days following the delivery of
         the Extension Response Agreement and (B) the Stockholders' Meeting is
         held on or before sixty (60) days following the date on which such
         Proxy Statement is mailed to the Seller's stockholders. For the
         avoidance of doubt, it is understood and agreed that if either of the
         conditions in clauses (A) and (B) of the proviso in the preceding
         sentence are not satisfied, then the Buyers, acting jointly, may
         terminate this Agreement pursuant to this Section 7.1(h).

                  (i) by the Buyers, acting jointly, or the Seller if the Buyers
         have delivered the Extension Response Agreement waiving their rights to
         terminate this Agreement pursuant to Section 7.1(h) in accordance with
         clause (ii) of the second proviso of Section 7.1(h) and the Closing
         Date shall not have occurred on or before sixty (60) days after the
         date of the Stockholder's Meeting."

                  3. Section 7.3 of the Purchase Agreement is hereby amended by
adding the following new subsection (e) at the end thereof:

                  "(e) The Seller shall pay, or cause to be paid, to the Buyers
         by wire transfer of immediately available funds within two (2) Business
         Days to an account specified jointly by the Buyers:

                           (i) an amount equal to US $5,000,000 if this
         Agreement is terminated pursuant to Section 7.1(g), other than a
         termination pursuant to Section 7.1(g) after a Stockholders Meeting has
         been held; or

                           (ii) an amount equal to US $2,500,000 if this
Agreement is terminated pursuant to Section 7.1(h)."

                  If the foregoing is consistent with your understanding and is
acceptable to you, please execute one copy of this letter agreement and return
it to us whereupon this letter agreement shall become a binding agreement among
us.

                  [Remainder of page intentionally left blank]

<PAGE>

                                           Very truly yours,

                                           FIRST NATIONAL HOLDING S.A.

                                           /S/ Peter B. Schuarhasdt
                                           --------------------------------
                                           Name: Peter B. Schuarhasdt
                                           Title: Managing Director

                                           EMERGENT TELECOM VENTURES S.A.

                                           /S/ Mohamed Amersi
                                           --------------------------------
                                           Name: Mohamed Amersi
                                           Title: Director

                                           PISCES INVESTMENT LIMITED

                                           /S/ Mohamed Amersi
                                           --------------------------------
                                           Name: Mohamed Amersi
                                           Title: Director

Agreed, acknowledged and accepted as of the 14th day of June, 2005.

METROMEDIA INTERNATIONAL
GROUP, INC.

By: /S/ Mark S. Hauf
   -----------------------------------------
Name:  Mark S. Hauf
Title:  Chairman and Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}]]