Document:

EXHIBIT 10.1
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                                                                    CONFIDENTIAL

                              SETTLEMENT AGREEMENT

This Settlement Agreement ("Agreement") is effective as of May 25, 2007 (the
"Effective Date"), by and between Network-1 Security Solutions, Inc., a Delaware
corporation having its principal place of business at 445 Park Avenue, Suite
1028, New York, New York, U.S.A. ("Network-1"), and D-Link Corp., a Taiwan
company with headquarters at No. 289, Xinhu 3rd Rd., Neihu District, Taipei City
114, Taiwan ("D-Link Corp."), and D-Link Systems, Inc., a California corporation
with headquarters at 17595 Mt. Herrmann Street, Fountain Valley, California
92708 ("D-Link Systems").

                                    RECITALS

     A.   Network-1 and D-Link Corp. and D-Link Systems are currently parties to
a civil action pending in the United States District Court for the Eastern
District Court of Texas, entitled NETWORK-1 SECURITY SOLUTIONS, INC. V. D-LINK
CORPORATION AND D-LINK SYSTEMS. INC., Civil Action No. 6:05-CV291 (the "Pending
Lawsuit") and

     B.   The parties to this Agreement, without admitting any liability, have
concluded that their interests would be best served by fully settling, and
thereby terminating and concluding, any and all claims, controversies and
demands relating in any way to the Pending Lawsuit which either party may have
against the other, on the terms and conditions set forth herein.

     NOW, THEREFORE, the undersigned parties to this Agreement herewith mutually
agree and contract with each other, for good and valuable consideration given
and received, as follows:

     (1)  Definitions.

          (a) "Action" means any suit, action, dispute, claim, counterclaim,
     arbitration or legal, administrative or other proceeding or governmental
     investigation, including without limitation any reexamination or request
     for reexamination.

          (b) "Agreement Related to Settlement and Dismissal" means the
     Agreement Related to Settlement and Dismissal, in the form attached hereto
     as Exhibit A, which, upon execution of this Agreement, will be executed by
     Network-1, D-Link Corp. and D- Link Systems and filed (together with a
     joint motion for entry thereof) with the United States District Court for
     the Eastern District of Texas, Tyler Division, for entry by the Court as a
     final judgment in the Pending Lawsuit.

          (c) "D-Link Party' "D-Link Parties" or "D-Link" means D-Link Corp. and
     D-Link Systems, each and/or collectively.

          (d) "D-Link Branded" means products sold by D-Link bearing the
     trademarks, trade names, or other commercial identities of D-Link, but not
     co-branded products or products made on an OEM or similar basis.

          (e) "D-Link Covenanted Party" means each of the D-Link Parties and
     their successors.
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          (f) "Expiration Date" means the date on which the '930 Patent (as
     defined in Section 1(q)) shall expire.

          (g) "Have Made" means the right to purchase a Licensed Product from a
     third party (e.g., Subsidiaries, suppliers and vendors) and/or have a third
     party make a Licensed Product for the use by and/or sale or transfer by
     D-Link, said third party operating under the license grant to D-Link for
     the provision of Licensed Products to D-Link and for no other purpose.

          (h) "IEEE PoE Standards" -- shall mean the Power over Ethernet (PoE)
     IEEE Standard 802.3.af-2003 and 802.3.at-2003.

          (i) "Licensed Product" shall mean all D-Link Branded PoE enabled PSE
     and PD products (including PoE Adapters) sold or otherwise transferred by
     D-Link, as identified in Exhibit B, as amended from time to time, which:

               (i) comply with IEEE PoE Standards, except PSEs that exclusively
          use Spare Pairs for the transmission of operating power; and/or

               (ii)are proprietary PoE products, except those that exclusively
          use Spare Pairs for the transmission of or receipt of operating power.

          (j) "Net Sales" means with respect to any Licensed Product sold in the
     United States the greater of either (a) the selling price which D-Link
     would realize from an unaffilliated buyer in an arms-length sale of an
     identical product in the same quantity and at the same time and place as
     such sale, or (b) the selling price actually invoiced for such product to
     such an unaffiliated customer by D-Link, which greater amount shall then be
     reduced by Accepted Returns and further reduced by refunds, rebates,
     adjustment credits, price protection credits, and trade discounts
     ("Adjustments") on specific, previously invoiced Licensed Products on an
     item-by-item basis (and such Adjustments accounted for on an item-by-item
     basis in each royalty report) actually provided to customers previously
     invoiced for such Licensed Products, provided said Adjustments are not
     passed through to D-Link's suppliers or otherwise recovered by D-Link. For
     the avoidance of doubt, the costs of marketing campaigns, advertising,
     business development, or other similar expenses shall not be used in any
     manner as a credit, adjustment, or discount to reduce the Net Sales amount.

          (k) "Accepted Returns" shall mean Licensed Products previously
     invoiced by D-Link and subject to the royalty set forth in Section 5 of
     this Agreement and returned to D-Link, but only to the extent D-Link issues
     a credit or refund to the customer returning such Licensed Product in an
     amount for each returned Licensed Product no greater than that originally
     invoiced.

          (l) "Pending Lawsuit" has the meaning set forth in paragraph A of the
     Recitals to this Agreement.

          (m) "Person" or "person" means an individual, corporation,
     partnership, limited partnership, limited liability company, syndicate,
     person (including, without limitation, a

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     "person" as defined in Section 13(d)(3) of the Exchange Act), trust,
     association or entity or government, political subdivision, agency or
     instrumentality of a government.

          (n) "Power Over Ethernet" or "PoE" means the technology used to
     deliver electrical power over Ethernet network cabling for the purpose of
     supplying operating power to devices connected to said Ethernet network.

          (o) "PoE Adapter" - means a device that enables non-PoE Ethernet
     devices (i.e. lacking circuitry to accept power from the Ethernet network)
     to operate using power provided by PoE Power Sourcing Equipment (PSE) via
     an Ethernet cable.

          (p) "Power Sourcing Equipment" or "PSE" means any apparatus, device,
     equipment or product that supplies power to other devices in a PoE
     implementation.

          (q) "Powered Devices" or "PD" means any apparatus, device, equipment
     or product that receives or is capable of receiving power from PSEs in a
     PoE implementation.

          (r) The "930 Patent" means United States Patent Number 6,218,930, and
     any reissues and reexaminations thereof.

          (s) "RAND Licensing Program" -- means Network-1's licensing of the
     '930 Patent.

          (t) "RAND Royalty Rate" means the running royalty rate that becomes
     effective when a licensee agrees to pay a running royalty rate based on a
     royalty base of sales under a license agreement with Network-1 under the
     RAND Licensing Program, such running royalty rate taking into account
     factors, including, but not limited to, conditions on volumes and types of
     products licensed in such a license agreement.

          (u) "Spare Pairs" -- means the set of wires in a twisted pair cable
     not used for the transport of data in a 10/100 Ethernet network segment.

          (v) "Subsidiary" means a Person (as defined in Section 1(m)) which,
     directly or indirectly, is controlled by or is under common control with a
     Party hereto. As used herein, "control" (including the terms "controlled
     by" and "under common control with") means the possession, directly or
     indirectly, or as trustee or executor, of the power to direct or cause the
     direction of the management and policies of a person, whether through the
     ownership of voting securities, as trustee or executor, by contract or
     credit arrangement or otherwise.

     (2)  Agreement Related to Settlement and Dismissal. Upon execution of this
Agreement, Network-1 and D-Link Parties will execute the Agreement Related to
Settlement and Dismissal, in the form attached hereto as Exhibit A, and file
such Agreement Related to Settlement and Dismissal, with a joint motion for
entry thereof, with the United States District Court for the Eastern District of
Texas for entry by the Court as a final judgment in the Pending Lawsuit, The
covenants and agreements contained in this Agreement, with the exception of this
Section, shall not be effective until the date on which the Court enters such
Agreement Related to Settlement and Dismissal.

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     (3)  License Grant

          (a) Network-1 hereby grants to the D-Link Parties a personal,
     non-exclusive, non-transferable, royalty bearing license under the '930
     Patent (i) to make, use, lease, sell, offer for sale, import design, Have
     Made and otherwise transfer Licensed Products, including the right to
     procure or produce components therefore, (ii) to practice a method or
     process involved in the manufacture thereof, and (iii) practice any method
     or process involved in the use thereof. To the extent that the Licensed
     Products are sold or otherwise transferred by D-Link Parties to
     distributors, channel partners, retailers, customers and other non-OEM
     "arm's length" customers and/or end users, the license granted under this
     Section shall encompass such parties for such Licensed Products. To the
     extent that a third party is operating under the Have Made rights granted
     herein, the license granted under this Section shall encompass said third
     party, but only as to such third party's sales of Licensed Products to
     D-Link and other licensed conduct for D-Link contemplated herein, and not
     for sales to other parties.

     (4)  D-Link Covenants.

          The D-Link Parties and their successors hereby covenant from and after
     the Effective Date not to initiate any Action to challenge, directly or
     indirectly through their acting officers, directors, employees,
     representatives, or agents acting at D-Link's direction, the infringement
     or validity of the '930 Patent, and not to assist or cooperate in any
     Action, related to the non-infringement or invalidity of the '930 Patent or
     any declaratory judgment action under the Patent Act of the United States,
     title 35, United States Code, the Declaratory Judgment Act, title 28,
     United States Code, or otherwise; unless the D-Link Parties are required to
     do so pursuant to any applicable law, regulation, judicial or
     administrative order or decree, or request by other regulatory organization
     having authority pursuant to the law; PROVIDED; HOWEVER, that in such case
     the applicable D-Link Party gives Network-1 reasonable advance notice of
     the same (so as to afford Network-1 a reasonable opportunity to appear,
     object and obtain appropriate relief regarding such requirement). The
     covenant in this Section 4 shall not apply if Network-1, any of its
     Subsidiaries, successors, assigns, or any third party asserts the '930
     Patent, or otherwise institutes any claim, action or proceeding relating to
     the '930 Patent, other than as a result of a breach of this Agreement,
     against any D-Link Party or against D-Link's customers or suppliers based
     on the making, using, selling and/or offering for sale of products sold or
     transferred to them by D-Link, in which case, for the avoidance of doubt,
     such D-Link Party shall not be barred from asserting any noninfringement
     and/or invalidity counterclaims and/or defenses (or any other counterclaims
     and/or defenses) related to the action or proceeding relating to the '930
     Patent.

     (5)  Payments/Payment Terms.

          (a) Within five (5) business days of execution of this Agreement,
     D-Link will pay Network-1 an upfront payment of $100,000.

          (b) In further consideration for the license granted herein and except
     as otherwise stated herein, commencing on the Effective Date and provided
     that the registration of '930 Patent with the U.S. Patent Office is duly
     maintained by Network-1, with respect to

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     Licensed Products, D-Link will pay to Network-1 a running royalty of 3.25%
     (the "Royalty Rate") of D-Link's Net Sales for the sale of Licensed
     Products (except PoE Adapters), and 5% of D-Link's Net Sales from the sale
     of PoE Adapters (the "Adapter Royalty Rate"), for all sales that occur on
     or after the Effective Date. Royalties shall be paid monthly no later than
     twenty (20) days after the first day of each month, based on the preceding
     month's Net Sales. Royalties shall be submitted with a Monthly Royalty
     Report, in the form of Exhibit C, showing all Licensed Products sold by
     D-Link in the immediately preceding month. The Royalty Report will also
     list any additional products that fall within the scope of Licensed
     Products and that are to be added to Exhibit B.

          (c) Beginning March 31, 2008, D-Link shall be entitled to pay the
     lower of the Royalty Rate/Adapter Royalty Rate (hereinafter collectively
     referred to as "Rate") in 5(b) and the royalty rate that may be Network-1's
     RAND Royalty Rate in effect at that time. If D-Link chooses to accept such
     RAND Royalty Rate, its royalty payments under this Section 5(d) shall be
     calculated using the same methodology as the royalty payments in the
     license agreement that triggered the adjustment described herein and shall
     apply to all Licensed Products. The Rate can be reduced quarterly
     throughout the term of this Agreement to reflect the then current RAND
     Royalty Rate. Network-1 agrees that as of the Effective Date, the Royalty
     Rate set forth herein is Network-1's initial RAND Royalty Rate. If there is
     any change to the RAND Royalty Rate after the Effective Date, Network-1
     shall provide such changes to D-Link in writing on a quarterly basis. It is
     understood and agreed that the RAND Royalty Rate may include rates that
     vary according to units of licensed products shipped and any adjustments to
     the Rate will be at a rate consistent with similarly situated companies and
     volumes (units of licensed products sold) under the Network-1 RAND
     Licensing Program.

          (d) D-Link shall submit to Network-I a semi-annual royalty report
     ("Royalty Report") within thirty (30) days after the end of every six month
     anniversary of the Effective Date of the Agreement. The Royalty Report
     shall be certified by an appropriate responsible employee of D-Link setting
     forth the amount of the royalties and calculation thereof for the reported
     period regardless of whether or not any payment is due. The Royalty Report
     will also list any additional products that fall within the scope of
     Licensed Products and that are to be added to Exhibit B.

          (e) If the '930 Patent is found to be invalid by (i) a court of
     competent jurisdiction, (ii) a final decision of the U.S. Patent and
     Trademark Office after a re-examination, or (iii) the International Trade
     Commission, then D-Link shall be entitled to cease making royalty payments;
     provided, however, that in the event such finding is overturned by the U.S.
     Court of Appeals for the Federal Circuit or other higher court of competent
     jurisdiction, D-Link shall be responsible for back royalties plus interest
     at the Prime Rate as reflected in the Wall Street Journal as of the date of
     the ruling of' invalidity. Network-1 will provide D-Link with written
     notice of such a finding of invalidity (or any decision overturning such a
     finding) within twenty (20) days of the date of such decision.

          (f) In the event a third party's PoE products that comply with the
     IEEE PoE Standards are found not to infringe the '930 Patent by a court of
     competent jurisdiction (expressly including the International Trade
     Commission), D-Link may provide notice to

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                                                                    CONFIDENTIAL

     Network-1 that such finding could result in the termination of D-Link's
     obligation to pay royalties under the Agreement, and D-Link may provide
     notice to Network-1 that it intends to cease making royalty payments for
     Licensed Products of comparable form and function as the PoE products found
     not to infringe the '930 Patent. Network-1 shall provide D-Link with
     written notice of such a finding of non-infringement as soon as reasonably
     practicable. If the parties disagree with the effect the court's ruling has
     on D-Link's obligation to pay royalties under this Agreement, the parties
     may submit the issue whether the non-infringement finding would be
     applicable to the Licensed Products to a mutually agreed upon mediator
     followed, if necessary, by binding arbitration pursuant to the rules of the
     American Arbitration Association. In the event that the Arbitration Panel
     makes an award that said non-infringement finding applies to D-Link or the
     Licensed Products, then D-Link may cease further royalty payments for sales
     of the Licensed Product; provided, however, in the event such non
     infringement ruling is overturned by the U.S. Court of Appeals for the
     Federal Circuit or other higher court of competent jurisdiction, the
     obligations to pay royalties will be reinstated, with interest at the Prime
     Rate as reflected in the WALL STREET JOURNAL as of the date of such ruling
     of non-infringement, and this Agreement will remain in full force and
     effect irrespective of any prior arbitration ruling to the contrary.
     Network-1 will provide D-Link with written notice of such ruling within
     twenty (20) days of its issuance.

          (g) Irrespective of any ruling of a court, administrative body or
     arbitral tribunal, no royalties paid by D-Link shall be subject to refund
     except (1) overpayments made in error and identified by D-Link within
     twelve (12) months of actual or constructive notice of erroneous payment,
     whichever is later, (2) if D-Link is not given timely notice of a finding
     of non-infringement or invalidity and the parties do not take the dispute
     to mediation and binding arbitration, pursuant to Section 5(f), then D-Link
     may claim a refund payment for the delay period from the date of required
     notice until D-Link became aware of such non-infringement or invalidity
     decision, (3) in the event that mediation or arbitration requested under
     Section 5(f) is not completed (e.g., the arbitration award is not issued)
     within 120 days of a notice of intention to cease royalty payments by
     D-Link, then D-Link shall be entitled to a refund of all royalties paid
     after said 120-day period but only in the event a determination is made at
     mediation or arbitration that the third party ruling relieves D-Link of its
     obligation to pay further royalties. Any refund that D-Link may be entitled
     to pursuant to Sections 5(g)(l)(2) or (3) above, shall be taken as a credit
     in a subsequent Monthly Royalty Report; provided, however that if no
     further royalties are due under this agreement D-Link shall receive a
     refund instead of a credit.

          (h) Payments when provided for in this Agreement shall, when overdue,
     bear interest compounded monthly (prorated for periods of time less than
     one month) at an annualized rate of three percent (3%) over the prime rate
     quoted by the Wall Street Journal, in New York, on the date that the
     payment is due, for each month during the delinquency. If the amount of
     such charge exceeds the maximum permitted by law, such charge shall be
     reduced to such maximum.

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     (6)  Representations and Warranties.

          (a). Network-1 represents and warrants that it is a corporation in
     good standing under the laws of the State of Delaware; that it has the
     authority to enter into this Agreement and to grant the rights and to incur
     the obligations set forth herein; and that this Agreement is valid and
     binding and enforceable in accordance with its terms. Network-1 further
     represents and warrants that it has all right, title and interest in the
     '930 Patent and will maintain the valid registration of '930 Patent during
     the term of this Agreement.

          (b). D-Link Corp represents and warrants that it is a corporation in
     good standing under the laws of Taiwan ; that it has the authority to enter
     into this Agreement and to grant the rights and to incur the obligations
     set forth herein; and that this Agreement is valid and binding and
     enforceable in accordance with its terms.

          (c). D-Link Systems represents and warrants that it is a corporation
     in good standing under the laws of California; that it has the authority to
     enter into this Agreement and to grant the rights and to incur the
     obligations set forth herein; and that this Agreement is valid and binding
     and enforceable in accordance with its terms.

          (d). Each party to this Agreement warrants and represents that it has
     not heretofore assigned, transferred, hypothecated, or purported to assign,
     transfer, or hypothecate to any Person not a party hereto, the whole or any
     part or portion of its claims or rights which constitute matters released
     or discharged pursuant to this Agreement.

     (7)  Confidentiality. The fact that the parties have settled is itself not
confidential, but the terms of this Agreement (and the monthly and semi-annual
royalty reports of Paragraphs 5(b), 5(d) and Exhibit C and data contained
therein, as well as any audit data provided per Paragraph 11(c)) are
confidential except (i) if such information is generally available to the public
through no action of Network-1, (ii) to the extent necessary to comply with any
Court order, law, rule or regulation of any federal or state agency or
administrative body (including the Securities and Exchange Commission and the
U.S. securities laws) or contractual obligation of any party's insurance
carrier. If necessary, Network-1 may utilize this confidential information in
litigation against D-Link relating to royalty payments under this agreement;
however, the information must remain confidential (e.g., under the provisions of
a suitable protective order and/or filing under seal).

     (8)  SEC Filings and Press Releases. D-Link understands that following the
Effective Date, Network-1 will be required to file a Form 8-K with the SEC that
will include as an exhibit this Agreement (with exhibits) as well as a press
release. D-Link further understands that Network-l will be required to disclose
in certain of its SEC filings and press releases the amount of royalty revenue
received from D-Link pursuant to this Agreement and unless otherwise required by
the U.S. securities laws Network-1 will not disclose in its SEC filings or press
releases any other data contained in the monthly or semi-annual reports or audit
data referenced in paragraph 7 above. Network-1 agrees that any subsequent
license agreement of '930 Patent with a third party shall be filed with SEC, in
compliance with the SEC's rules and regulations regarding the filing of material
agreements.

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     (9)  Term and Termination.

          (a). This Agreement will commence on the Effective Date and will
     remain in force and effect until the Expiration Date unless earlier
     terminated. Other than as provided for in Section 9(b), the parties hereto
     may terminate this Agreement only by mutual written agreement.

          (b). In the event any party to this Agreement breaches any provision
     hereof and fails to cure such breach within ten (10) days of receipt of
     written notice thereof, any other party hereto may terminate the Agreement
     upon written notice to the other parties hereto.

          (c). Termination of this Agreement by mutual written agreement of the
     parties hereto shall not, unless otherwise agreed by the parties, have the
     effect of terminating, revoking or withdrawing rights and obligations set
     forth herein with respect to matters after the Effective Date and up
     through and including the effective date of termination hereunder.

          (d). The parties agree that, in the event of a dispute relating to a
     breach of this Agreement as found by United States District Court for the
     Eastern District of Texas, Tyler Division, the prevailing party shall be
     entitled to reasonable attorney's fees.

     (10) Release

          (a.) Network-1 on behalf of itself and its respective Subsidiaries,
     successors and assigns as of the Effective Date of this Agreement, hereby
     irrevocably releases except for failure to remit payments required under
     Section 5, D-Link Corp. and D-Link Systems, Inc., and their Subsidiaries
     (but only as to sales of Licensed Products to or on behalf of D-Link)
     officers, directors, employees, representatives, agents, customers, and
     suppliers, including any suppliers and customers in the chain of possession
     of Licensed Products, from any and all claims and causes of action, known
     or unknown, in any way related to the acts, omissions, transactions, and
     occurrences alleged in or arising out of the Pending Lawsuit, including
     Network-1's claim of infringement of the '930 Patent, with respect to any
     products manufactured, used, leased, sold, offered for sale, imported, or
     otherwise transferred by D-Link before the Effective Date of this
     Agreement.

     (11) Miscellaneous.

          (a). If any provision of this Agreement is held to be illegal, invalid
     or unenforceable under any present or future law, and if the rights or
     obligations of any party hereto under this Agreement will not be materially
     and adversely affected thereby, (i) such provision will be fully severable,
     (ii) this Agreement will be construed and enforced as if such illegal,
     invalid or unenforceable provision had never comprised a part hereof and
     (iii) the remaining provisions of this Agreement will remain in full force
     and effect and will not be affected by the illegal, invalid or
     unenforceable provision or by its severance herefrom.

          (b). Network-1, D-Link Corp. and D-Link Systems have had the advice of
     legal counsel in entering into this Agreement, and thus do so in accordance
     with their own free acts and deeds. The parties to this Agreement have
     participated jointly in the negotiating

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     and drafting of this Agreement. If an ambiguity or a question of intent or
     interpretation arises, this Agreement shall be construed as if drafted
     jointly by the parties hereto, and no presumption or burden of proof shall
     arise favoring or disfavoring any party hereto by virtue of the authorship
     of any provisions of this Agreement.

          (c). D-Link shall keep books and records adequate to accurately
     determine the payments under this Agreement, and retain such books and
     records for at least three (3) years after the delivery of the Royalty
     Report to which they relate. Network-1 shall have the right, no more than
     once per calendar year, to have an independent certified public accountant
     inspect all relevant books and records of D-Link on thirty (30) days' prior
     written notice and during regular business hours to verify the reports and
     payments required to be made hereunder. Such independent certified public
     accountant shall be selected by Network-1 and approved by D-Link. D-Link
     shall respond to Network-1's selection of auditor within ten (10) days and
     its approval shall not be unreasonably withheld. The auditor shall enter
     into an appropriate nondisclosure agreement with D-Link, and shall disclose
     no more information than is reasonably necessary to determine the payments
     owed hereunder. Should an underpayment in excess of ten percent (10%) be
     discovered, D-Link shall reimburse Network-1 for the cost of the audit. In
     any event, D-Link shall promptly pay any underpayment together with
     interest at the compounded annual rate quoted by Citibank N.A. in New York
     City or its reference rate on the last day of each month during the period
     of the delinquency.

          (d) Any and all notices, consents, or demands permitted or required to
     be made or given under this Agreement shall be in writing, signed by the
     individual giving such notice, consent, or demand and shall be delivered
     personally or sent by registered or certified mail, return receipt
     requested, to the other parties hereto at their addresses set forth below:

     To Network-1:         Network-1 Security Solutions, Inc.
                           445 Park Avenue, Suite 1028
                           New York, NY 10022

                           Attention:  Corey M. Horowitz, Chairman and CEO
                           Telephone:  (212) 829-5770
                           Facsimile:  (212) 829-5771

     With copies to:       Blank Rome LLP
                           600 New Hampshire Avenue, N.W., Suite 1200
                           Washington. DC 20037

                           Attention:  H. Keeto Sabharwal
                           Telephone:  (202) 772-5932

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                           Clifford Chance US LLP
                           31 West 52nd Street
                           New York, NY 10019-6131

                           Attention:  Victor Siber
                           Telephone:  (212) 878-8429
                           Facsimile:  (212) 878-8375

     To any D-Link Party:  D-Link Systems, Inc.
                           Attention:  Legal Department
                           17595 Mt. Herrmann Street
                           Fountain Valley, CA 92708
                           Telephone: (714) 885-6000
                           Facsimile: (866) 743-4589

     With copies to:       Attention: S.J. Christine Yang
                           THE LAW OFFICES OF S.J. CHRISTINE YANG
                           17220 Newhope Street, Suite 101
                           Fountain Valley, California 92708
                           Telephone (714) 641-4022
                           Facsimile:  (714) 641-2082

          (e). This Agreement may not be assigned by any party hereto without
     the express prior written consent of the other parties, which will not be
     unreasonably withheld, except in connection with a sale or assignment of
     the '930 Patent, merger, acquisition, reorganization or sale of all or
     substantially all of such party's assets or equity; provided, however, that
     in the event the Agreement is assigned to or assumed by a competitor of
     D-Link, the parties shall promptly meet and confer to agree upon an
     appropriate mechanism for protecting the confidentiality of D-Link's sales
     data and other confidential information. In the event of such merger or
     acquisition, the license granted herein shall be limited to Licensed
     Products that are being offered for sale at the time of the merger or
     acquisition, although the surviving entity may thereafter brand such
     products using its own trademark, logos and/or other commercial identities
     of D-Link. This Agreement is binding upon and inures to the benefit of the
     parties hereto, and their permitted assigns. Any transfer, sale, license or
     assignment of the '930 Patent shall be made subject to the rights granted
     hereunder.

          (f). This Agreement constitutes the entire agreement between the
     parties to this Agreement with respect to the subject matter hereof and
     supersedes all previous and contemporaneous negotiations, commitments and
     agreements, both written and oral, between the parties with respect to such
     subject matter including the Settlement Agreement and attached Term Sheet
     for Licensing Agreement entered into on April 25, 2007, between the
     Parties. Except for the provisions of Sections 3 through 6 and 10, nothing
     expressed or implied in this Agreement is intended or shall be construed to
     confer upon or give to any Person, other than the parties to this Agreement
     and their respective successors and permitted assigns, any rights or
     remedies under or by reason of this Agreement.

                                       10
<PAGE>
                                                                    CONFIDENTIAL

          (g). This Agreement may be executed in separate counterparts, each of
     which shall be considered an original but all of which will constitute one
     agreement.

          (h) Each party agrees that this Agreement does not constitute evidence
     of, or any admission of, any liability, omission or wrongdoing of any kind,
     and it shall not be offered or received into evidence or otherwise filed or
     lodged in any proceeding against any party except as may be necessary to
     prove and enforce its terms. It is expressly understood and agreed that
     neither this Agreement nor any consideration provided pursuant to this
     Agreement are to be construed as an admission of liability on the part of
     the D-Link Parties or regarding any and all claims that were asserted in
     the Pending Lawsuit. To the contrary, the D-Link Parties have specifically
     denied any liability for all claims made by Network-1. This Agreement
     represents a settlement and compromise.

          (i) THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
     WITH THE LAWS OF THE STATE OF TEXAS. EXCEPT AS PROVIDED FOR IN SECTION
     5(F), THE D-LINK PARTIES AND NETWORK-1 HEREBY IRREVOCABLY SUBMIT TO THE
     EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE EASTERN
     DISTRICT OF TEXAS, TYLER DIVISION, IN RESPECT OF ANY ACTION, SUIT OR
     PROCEEDING BROUGHT BY A D-LINK PARTY(IES) AND/OR NETWORK-1 TO ENFORCE THIS
     AGREEMENT, AND THE D-LINK PARTIES AND NETWORK-1 AGREE THAT ANY SUCH ACTION,
     SUIT OR PROCEEDING BROUGHT BY SUCH PARTY TO THIS AGREEMENT SHALL BE BROUGHT
     ONLY IN SUCH COURT (AND WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS
     OR ANY OTHER OBJECTION TO VENUE THEREIN); PROVIDED, HOWEVER, THAT SUCH
     CONSENT TO JURISDICTION IS SOLELY FOR THE PURPOSE REFERRED TO IN THIS
     SECTION 11(I) AND SHALL NOT BE DEEMED TO BE A GENERAL SUBMISSION TO THE
     JURISDICTION OF SAID COURTS OR IN THE STATE OF TEXAS OTHER THAN FOR SUCH
     PURPOSE AND SHALL NOT APPLY WITH RESPECT TO, OR BE DEEMED TO INDICATE THE
     INTENT OF ANY PARTY HERETO WITH RESPECT TO, ANY ACTION BROUGHT BY OR
     AGAINST ANY PERSON(S) WHO IS NOT A PARTY TO THIS AGREEMENT. Any and all
     process may be served in any action, suit or proceeding arising in
     connection with this Agreement by complying with the provisions of Section
     11(d). Such service of process shall have the same effect as if the party
     being served were a resident in the State of Texas and had been lawfully
     served with such process in such jurisdiction. The parties hereby waive all
     claims of error by reason of such service. Nothing herein shall affect the
     right of any party to service of process in any other manner permitted by
     law or to commence legal proceedings or otherwise proceed against the other
     in any other jurisdiction to enforce judgments or rulings of the
     aforementioned courts.

                                       11
<PAGE>
                                                                    CONFIDENTIAL

     IN WITNESS WHEREOF, each of the parties has caused two original copies of
this Agreement to be executed on its behalf by its duly authorized officer as of
the Effective Date.

     NETWORK-1 SECURITY SOLUTIONS, INC.

     By:  /s/ Corey M. Horowitz
          ------------------------------------
          Corey M. Horowitz
          Chairman and Chief Executive Officer

     D-LINK CORPORATION

     By:  /s/ Ah Jee Wang
          ------------------------------------
          Ah Jee Wang
          Chief Technology Officer

     D-LINK SYSTEMS, INC.

     By:  /s/ Ah Jee Wang
          ------------------------------------
          Ah Jee Wang
          Chief Technology Officer

                                       12
<PAGE>
EXHIBIT 10.1                                                        CONFIDENTIAL
------------

                                    EXHIBIT A
                                    ---------

                         AGREEMENT RELATED TO SETTLEMENT

                                  AND DISMISSAL

                                        1
<PAGE>
                       IN THE UNITED STATES DISTRICT COURT

                        FOR THE EASTERN DISTRICT OF TEXAS

                                 TYLER DIVISION

                                      )
NETWORK-1 SECURITY SOLUTIONS,         )
INC.,                                 )
                                      )
                      Plaintiff,      )
V                                     )     Case No. 6:05-CV-291
                                      )
D-LINK CORPORATION AND D-LINK         )
SYSTEMS, INC.,                        )
                                      )
                      Defendants.     )

               AGREEMENT RELATED TO SETTLEMENT AND DISMISSAL
               ---------------------------------------------

     This cause coming before the Court on the Joint Motion for Entry of
Agreement Related to Settlement and Dismissal of the plaintiff, Network-1
Security Solutions, Inc. ("Network-1"), and the defendants D-Link Corporation
and D-Link Systems, Inc., ("D-Link Parties"), final judgment is entered as
follows:

          IT IS HEREBY ADJUDGED AND DECREED:

     1.   This Court has jurisdiction over the parties and the subject matter
pursuant to 35 U.S.C. ss.1338;

     2.   The action is dismissed with prejudice, PROVIDED, HOWEVER, that D-Link
Parties expressly reserves their right, in any future litigation regarding U.S.
Patent No. 6,218,930 in which D-Link Parties arc defendants or have been joined
as a party (in either case, other than through D-Link Parties' own voluntary
actions to become such parties), to assert any non-infringement and/or
invalidity counterclaims and/or any other counterclaims or defenses related to
such action;

     3.   The parties shall bear their own attorneys' fees and costs of this
action, and all rights of appeal are waived; and

     4.   All relief not expressly granted herein is denied,

                           Signed this _______ day of ______________, 2007.

                           _________________________________________
                           United States District Judge

                                        2
<PAGE>
     The parties hereby agree to entry of the foregoing Agreement Related to
Settlement and Dismissal as a final judgment in this action.

Network-1 Security Solutions, Inc.            D-Link Parties,

By its attorneys,                             By their attorneys,

_______________________________               _______________________________

H. Keeto Sabharwal (KS-1763)                  John P. Bovich
Blank Rome LLP                                Reed Smith LLP
600 New Hampshire Avenue, N.W., Suite 1200    Two Embarcadero Center, Suite 2000
Washington, DC  20037                         San Francisco, CA  94111
Tel:  (202)  772-5932                         Tel:  415-543-8700

Dated:_______________, 2007

                                        3
<PAGE>
                                    EXHIBIT B
                                    ---------

                                LICENSED PRODUCTS

Switches
--------
DES-1316
DES-1526 (eol)
DES-3010PA
DES-3828P
DXS-3227P
DWS-3227P
DES-1008PA
DES-1228P
DES-3028P (shipping in August 2007)
DES-3052P (shipping in August 2007)
DGS-3100-48P (not yet shipping)
DGS-3100-24P (not yet shipping)

Cameras
-------
DCS-1110

Access Points
-------------
DWL-2200AP
DWL-2210AP (eol)
DWL-2230AP
DWL-2700AP
DWL-3200AP
DWL-7200AP
DWL-7230AP
DWL-7700AP
DWL-8200AP
DWL-8220AP

Adapters
--------
DWL-P50

<PAGE>
                                    EXHIBIT C
                                    ---------

                                 ROYALTY REPORT

<TABLE><CAPTION>
<S>         <C>           <C>           <C>           <C>           <C>           <C>           <C>           <C>           <C>
The undersigned official of D-Link is providing the following information to Network-1 pursuant to that License Agreement dated
May 25, 2007 entered into between Network-1 and D-Link Corp. and D-Link Systems, Inc.  All capitalized terms used in this Report
have the definitions ascribed to them in the Agreement.  Their Report reflects the Royalties payable by D-Link for the month
[semi-annual] period ending ___________________.

----------------- ------ -------------- -------  -------  -------  ----------  ---------- ---------  -------------------------------
                         SELLING PRICE
LICENSED PRODUCT          CHARGED TO                                             PRICE                   CALCULATION
MODEL NO., NAME &  UNITS  UNAFFILIATED                             ADJUSTMENT  PROTECTION   TRADE             OF
  DESCRIPTION      SOLD      BUYER      RETURNS  REFUNDS  REBATES   CREDITS     CREDITS   DISCOUNTS       ROYALTIES
----------------- ------ -------------- -------  -------  -------  ----------  ---------- ---------  -----------  ---------  -------
                                                                                                     Net Selling  Royalty %  Amount
                                                                                                     Price                   of
                                                                                                                             Royalty
                                                                                                     -----------  ---------  -------

----------------- ------ -------------- -------  -------  -------  ----------  ---------- ---------  -------------------------------
                                                                                                     Due &        Total Royalties
                                                                                                     Payable      $_________________

The undersigned hereby certifies the foregoing an accurate and complete record of all royalties due and payable by D-Link for
the period ___________.

Signature:________________________                   Date:_______________________

Name:_____________________________

Title:____________________________
</TABLE>Exhibit 10.1

SEPARATION AGREEMENT

This SEPARATION
AGREEMENT (this “Agreement”), is entered into between CTC Media, Inc., a
Delaware corporation (the “Company”), and John Dowdy (the “Executive”).

WHEREAS, the
parties wish to resolve amicably the Executive’s separation from the Company
and establish the terms of the Executive’s separation arrangement;

NOW, THEREFORE, in
consideration of the promises and conditions set forth herein, the sufficiency
of which is hereby acknowledged, the Company and the Executive agree as
follows:

1.             Last
Date of Employment.  The Company and
the Executive agree that the Executive’s last day of employment with the
Company shall be December 31, 2007 (the “Separation Date”).   The Company and the Executive agree that the
termination of his employment with the Company is at the election of the
Executive pursuant to Section 5(d) of the Employment Agreement entered into
between the Company and the Executive on September 11, 2006 (the “Employment
Agreement”).  The Company acknowledges
that execution and delivery of this Agreement by the Executive constitutes
notice to the Company as required by Section 5(d) of the Employment Agreement.

2.             Employment
Agreement.  Up to and including the
Separation Date, the Employment Agreement shall remain in full force and
effect.

3.             Option
Agreements.  Up to and including the
Separation Date, the Executive shall continue to vest in accordance with the
schedules, terms and conditions set forth in the Option Agreements.  Moreover, the Executive shall have the number
of days set forth in the Option Agreements following the Separation Date to
exercise the options provided for in the Option Agreements.  For purposes hereof, “Option Agreements”
shall mean (i) the Notice of Grant of Stock Option (Non-Statutory Stock Option)
granted by the Company to the Executive on June 1, 2006 and the related Stock
Option Agreement and (ii) the Notice of Grant of Stock Option (Incentive Stock
Option) granted by the Company to the Executive on June 1, 2006 and the related
Stock Option Agreement.

4.             Release.  On the Separation Date, the Executive agrees
to execute and deliver the Mutual Release attached hereto as Exhibit A
(the “Release”).  In consideration for
the Release and provided that the Executive does not revoke the Release within
the seven (7) day revocation period provided therein, the Company agrees to
provide the Executive with the following separation benefits (“Separation
Benefits”):

(A)          The Company shall pay
the Executive his target 2007 bonus of Sixty-Three Thousand Dollars ($63,000),
less all applicable taxes and withholdings, to be paid in one lump sum payment
promptly following the eighth (8th)
day after the Executive executes and delivers the Release to an account
designated by the Executive.

(B)           The Company shall
reimburse the Executive up to Two Thousand Five Hundred Dollars ($2,500) for
costs related to retaining a tax accountant to prepare his Russian tax returns
for the 2007 calendar year (consistent with the Employment Agreement).

(C)           The Company shall pay
the Executive for any vacation days that accrued in accordance with the
Employment Agreement but were not taken as of the Separation Date.  Such payment shall be based on the Executive’s
base annual salary for 2007 of $210,000.

The Executive
acknowledges and agrees that, other than the Separation Benefits, from the
Separation Date, the Executive is entitled to no other salary, consideration
and/or benefits under the Employment Agreement or otherwise.

5.             Confidential
Information.  The Executive acknowledges his obligation to
keep confidential all non-public information concerning the Company and all of
its direct and indirect subsidiaries (collectively, the “Group”) which he
acquired during the course of his employment with the Company, as stated more
fully in Section 8 of the Employment Agreement, which remains in full force and
effect.  The Executive further
acknowledges and agrees that such obligation shall continue in full force and
effect both during and after the Separation Date.

6.             Return
of Company Property.  Other than the mobile phone being used by the
Executive as of the Separation Date, the Executive agrees to return on or
before the Separation Date all equipment and property belonging to the Group
including, but not limited to, any
Group credit card (and to be responsible for all non-business related expenses).

7.             Non-Competition
and Non-Solicitation.  The Executive
acknowledges his obligations to comply with the non-competition and
non-solicitation provisions set forth in Section 7 of the Employment Agreement,
which remain in full force and effect. 
The Executive further acknowledges and agrees that such non-competition
obligations shall continue in full force and effect until the first anniversary
of the Separation Date and that

 2
 

such non-solicitation
obligations shall continue in full force and effect until the second
anniversary of the Separation Date.

8.             Nature
of Agreement.  The Executive and the
Company understand and agree that this Agreement is a separation agreement and
does not constitute an admission of liability or wrongdoing on the part of
either party.

9.             Amendment.  This Agreement shall be binding upon the
parties and may not be abandoned, supplemented, changed or modified in any
manner, orally or otherwise, except by an instrument in writing of concurrent
or subsequent date signed by a duly authorized representative of the parties
hereto.  This Agreement is binding upon
and shall inure to the benefit of the parties and their respective agents,
assigns, heirs, executors, successors and administrators.

10.           Waiver
of Rights.  No delay or omission by
the Company or the Executive in exercising any rights under this Agreement
shall operate as a waiver of that or any other right.  A waiver or consent given by the Company or
the Executive on any one occasion shall be effective only in that instance and
shall not be construed as a bar or waiver of any right on any other occasion.

11.           Validity.  Should any provision of this Agreement be
declared or be determined by any court of competent jurisdiction to be illegal
or invalid, the validity of the remaining parts, terms, or provisions shall not
be affected thereby and said illegal or invalid part, term or provision shall
be deemed not to be a part of this Agreement.

12.           Applicable
Law; Jurisdiction.  This Agreement
shall be governed exclusively by the laws of the State of Delaware, without
regard to conflict of laws provisions. 
The parties hereby irrevocably and unconditionally consent to submit to
the exclusive jurisdiction of the courts of the State of Delaware and the
United States of America located in the State of Delaware for any actions,
suits or proceedings arising out of or relating to this Agreement (and agree
not to commence any action, suit or proceeding relating thereto except in such
courts), and further agree that service of any process, summons, notice or
document by registered mail to the address set forth below such party’s
signature on the signature page hereto shall be effective service of process
for any action, suit or proceeding brought against such party in any such
court.  The parties hereby irrevocably
and unconditionally waive any objection to the laying of venue of any action,
suit or proceeding arising out of this Agreement in the courts of the State of
Delaware or the United States of America located in

 3
 

the State of
Delaware, and hereby further irrevocably and unconditionally waive and agree
not to plead or claim in any such court that any such action, suit or
proceeding brought in any such court has been brought in an inconvenient forum.

13.           Acknowledgments.  The Executive acknowledges that he has been
given twenty-one (21) days to consider this Agreement and that the Company
advised him to consult with an attorney and tax advisor of his own choosing
prior to signing this Agreement. 
Further, the Executive acknowledges he may revoke this Agreement for a
period of seven (7) days after the execution of this Agreement, and the
Agreement shall not be effective or enforceable until the expiration of this
seven (7) day revocation period.

14.           Voluntary
Assent. 
The Executive affirms that no other promises or agreements of any kind
have been made to or with him by any person or entity whatsoever to cause him
to sign this Agreement, and that he fully understands the meaning and intent of
this Agreement.  The Executive states and
represents that he has had an opportunity to fully discuss and review the terms
of this Agreement with an attorney.  The
Executive further states and represents that he has carefully read this
Agreement, understands the contents herein, freely and voluntarily assents to
all of the terms and conditions hereof, and signs his name of his own free act.

15.           Entire Agreement.  This Agreement contains and constitutes the
entire understanding and agreement between the parties hereto with respect to
the termination of the Employment Agreement, and supersedes all previous oral
and written negotiations, agreements, commitments, and writings in connection
therewith.

16.           Counterparts.  This Agreement may be executed in two (2) signature
counterparts, each of which shall constitute an original, but all of which
taken together shall constitute but one and the same instrument.

17.           Resignation
of Group Positions.  From and
following the Separation Date, the Executive agrees, at the request of the
Company and from time to time, to tender his written resignation to any
director or officer positions he holds in any of the companies within the
Group.  The Company agrees not to make
any claims against the Executive in connection with his holding positions as an
officer and/or director of any of the Group companies.

 4
 

IN
WITNESS WHEREOF, all parties have set their hand and seal to this Agreement as
of the date written above.

	
  CTC MEDIA, INC.

  	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Alexander
  Rodnyansky

  	
   

  	
   

  	
  /s/ John Dowdy

  	
   

  
	
   

  	
  Alexander
  Rodnyansky

  	
   

  	
  John Dowdy

  
	
   

  	
  Chief Executive
  Officer

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
  August 21, 2007

  	
   

  	
   

  	
  Date:

  	
  August 21, 2007

  	
   

  
	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
  Address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  15A Pravda

  	
   

  	
  15A Pravda

  
	
  Moscow 125124

  	
   

  	
  Moscow 125124

  
	
  Russia

  	
   

  	
  Russia

  
	
   

  	
   

  	
   

  
	
  Attn: 

  	
  Chief Executive
  Officer

  	
   

  	
   

  
										

 

 5

Exhibit A

MUTUAL RELEASE

This MUTUAL
RELEASE (this “Release”), is entered into between CTC Media, Inc., a Delaware
corporation (the “Company”), and John Dowdy (the “Executive”).

WHEREAS, the
parties have entered into a Separation Agreement to resolve amicably the
Executive’s separation from the Company and establish the terms of the
Executive’s separation arrangements (the “Separation Agreement”);

WHEREAS, in
connection with the Separation Agreement, the Company and the Executive have
agreed to enter into this Release; and

WHEREAS,
capitalized terms used herein and not otherwise defined herein shall have the
meanings set forth in the Separation Agreement;

NOW,
THEREFORE, in consideration of the promises and conditions set forth herein,
the sufficiency of which is hereby acknowledged, the Company and the Executive
agree as follows:

1.             Release
by Executive.  In consideration of
the payment of the Separation Benefits, which the Executive acknowledges exceed
the benefits and/or payments the Executive would have otherwise received upon
the termination of the Employment Agreement, the Executive hereby fully,
forever, irrevocably and unconditionally releases, remises and discharges the
Company, and its officers, directors, stockholders, corporate affiliates,
subsidiaries, parent companies, agents and employees (each in their individual
and corporate capacities) (hereinafter, the “Released Parties”) from any and
all claims, charges, complaints, demands, actions, causes of action, suits,
rights, debts, sums of money, costs, accounts, reckonings, covenants,
contracts, agreements, promises, doings, omissions, damages, executions,
obligations, liabilities, and expenses (including attorneys’ fees and costs),
of every kind and nature which the Executive ever had, could have had or now
has against the Released Parties, whether known or unknown, suspected or
unsuspected including, but not limited to, (i) all employment discrimination
and other claims under Title VII of the Civil Rights Act of 1964, 42 U.S.C.
§2000e et seq., the Age Discrimination in
Employment Act, 29 U.S.C. § 621 et  seq., the Americans With
Disabilities Act of 1990, 42 U.S.C. §12101 et  seq., all claims
under the Family and Medical Leave Act, 29 U.S.C. § 2601 et  seq.,
the Fair Credit Reporting Act, 15 U.S.C. §1681 et
seq., and the Executive Retirement Income
Security Act of 1974 (“ERISA”), 29 U.S.C. §1001 et
seq., all as amended, (ii) all
common law claims including, but not limited to, actions in tort, defamation
and breach of contract, all claims to
any non-vested ownership interest in the Company, contractual or

   
 

otherwise, (iii) any claim or damage (including a claim for
retaliation) under any common law theory or any US federal, state or local
statute or ordinance not expressly referenced above and (iv) any claim of any
kind whatsoever brought under the laws of the Russian Federation or local
subdivision thereof.   Notwithstanding
any provision of this Release to the contrary, the Indemnification Agreement
dated as of August 15, 2006 between the Company and the Executive shall
continue in full force and effect and, subject to the terms and conditions
thereof, the Executive shall be entitled to all rights and protections afforded
to him by such agreement.

2.             Release
by Company.   In consideration of the
Executive executing and delivering this Release, the Company hereby irrevocably
and unconditionally releases, remises and discharges the Executive, his heirs
and administrators, or any of them, from any and all claims, charges,
complaints, demands, actions, causes of action, suits, rights, debts, sums of
money, costs, account, reckonings, covenants, contracts, agreements, promises,
doings, omissions, damages, executions, obligations, liabilities and
expenses  (including attorney fees and
costs) of any kind and nature which the Company ever had, could have had or now
has against the Executive whether known or unknown, suspected or unsuspected.

3.             Validity. 
Should any provision of this Release be declared or be determined by any
court of competent jurisdiction to be illegal or invalid, the validity of the
remaining parts, terms, or provisions shall not be affected thereby and said
illegal or invalid part, term or provision shall be deemed not to be a part of
this Release.

4.             Applicable Law; Jurisdiction.  This Release shall be governed exclusively by
the laws of the State of Delaware, without regard to conflict of laws
provisions.  The parties hereby
irrevocably and unconditionally consent to submit to the exclusive jurisdiction
of the courts of the State of Delaware and the United States of America located
in the State of Delaware for any actions, suits or proceedings arising out of
or relating to this Agreement (and agree not to commence any action, suit or
proceeding relating thereto except in such courts), and further agree that
service of any process, summons, notice or document by registered mail to the
address set forth below such party’s signature on the signature page hereto
shall be effective service of process for any action, suit or proceeding
brought against such party in any such court. 
The parties hereby irrevocably and unconditionally waive any objection
to the laying of venue of any action, suit or proceeding arising out of this
Agreement in the courts of the State of Delaware or the United States of America
located in the State of Delaware, and hereby further irrevocably and
unconditionally waive and agree

 7
 

not to plead or
claim in any such court that any such action, suit or proceeding brought in any
such court has been brought in an inconvenient forum.

5.             Acknowledgments.  The Executive acknowledges that he has been
given twenty-one (21) days to consider this Release and that the Company
advised him to consult with an attorney and tax advisor of his own choosing
prior to signing this Release.  Further,
the Executive acknowledges he may revoke this Release for a period of seven (7)
days after the execution of this Release, and this Release shall not be
effective or enforceable until the expiration of this seven (7) day revocation
period.

6.             Voluntary Assent.  The Executive affirms
that no other promises or agreements of any kind have been made to or with him
by any person or entity whatsoever to cause him to sign this Release, and that
he fully understands the meaning and intent of this Release.  The Executive states and represents that he
has had an opportunity to fully discuss and review the terms of this Release
with an attorney.  The Executive further
states and represents that he has carefully read this Release, understands the
contents herein, freely and voluntarily assents to all of the terms and
conditions hereof, and signs his name of his own free act.

IN
WITNESS WHEREOF, all parties have set their hand and seal to this Agreement as
of the date written above.

	
  CTC MEDIA, INC.

  	
   

  	
  EXECUTIVE

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Alexander
  Rodnyansky

  	
   

  	
  John Dowdy

  	
   

  
	
   

  	
  Chief Executive
  Officer

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Date:                            ,
  2007

  	
  Date:                           ,
  2007

  	
   

  
							

 

 8

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