METROMEDIA INTERNATIONAL GROUP INC
EXHIBIT 10.64
<DOCUMENT>
<TYPE>EX-10.64
<SEQUENCE>7
<FILENAME>a2073578zex-10_64.htm
<DESCRIPTION>EXHIBIT 10.64
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<P><FONT SIZE=2><B>Exhibit&nbsp;10.64  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>DATED as of 19 FEBRUARY 2002  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ku3992_employment_agreement_metromedi__emp03049"> </A>
<A NAME="toc_ku3992_1"> </A>
<BR></FONT><FONT SIZE=2><B>EMPLOYMENT AGREEMENT    <BR>  <BR>  <BR>    METROMEDIA INTERNATIONAL    <BR>  <BR>  <BR>    GROUP, INC.    <BR>  <BR>  <BR>    AND    <BR>  <BR>  <BR>    HAROLD&nbsp;F. PYLE, III    <BR>  </B></FONT></P>

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<P><FONT SIZE=2>DATED
AS OF 19 FEBRUARY 2002 </FONT></P>

<P><FONT SIZE=2><B>PARTIES  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;METROMEDIA
INTERNATIONAL GROUP,&nbsp;INC., a company with its principal business address at 505 Park Avenue, 21<SUP>st</SUP> Floor, New York, NY 10022 (the
Company"); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;Harold
F. ("Ernie") Pyle, III currently of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(the "Employee"). </FONT></P>

<P><FONT SIZE=2><B>INTERPRETATION  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;In
this Agreement, unless the context otherwise requires, the following terms shall have the meanings set out
below:</FONT></P>

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<DIV ALIGN="CENTER"><TABLE WIDTH="73%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="30%"><FONT SIZE=2>the Appointment</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2>the employment of the Employee pursuant to this Agreement;</FONT></TD>
</TR>
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<TD WIDTH="30%"><FONT SIZE=2><BR>
the Board</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
the board of directors of the Company for the time being (including any committee of the Board);</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="30%"><FONT SIZE=2><BR>
"Change of Control"</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
the occurrence of any of the following events:</FONT></TD>
</TR>
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<TD WIDTH="30%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
(A) any "person" or "group" (as such terms are used in Sections 13(d) and 14(d) of the United States Securities Exchange Act of 1934, as amended (the "Exchange Act")) becomes a "beneficial owner" (as defined in Rule&nbsp;13d-3 under the Exchange Act),
 directly or indirectly, of securities of the Company representing 40% or more of the voting power of the then outstanding securities of the Company;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="30%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
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(B) (i)&nbsp;the merger or consolidation of the Company with another corporation where the shareholders of the Company, as the case may be, immediately prior to the merger or consolidation, will not beneficially own, immediately after the merger or
consolidation, shares entitling such shareholders to 50% or more of all votes to which all shareholders of the surviving corporation would be entitled in the election of directors (without consideration of the rights of any class of stock to elect
directors by a separate class vote), or where the members of the Board, immediately prior to the merger or consolidation, would not, immediately after the merger or consolidation, constitute a majority of the board of directors of the surviving
corporation, (ii)&nbsp;the sale or other disposition of all or substantially all of the assets of the Company (other than to a wholly owned subsidiary), or (iii)&nbsp;a liquidation or dissolution of the Company; or</FONT></TD>
</TR>
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<TD WIDTH="30%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
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(C) after the date of this Agreement, directors are elected such that a majority of the members of the Board of Directors of the Company shall have been members of the Board of Directors of the Company for less than 24&nbsp;months, unless the
election or nomination for election of each new director who was not a director at the beginning of such two-year period was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of such
period.</FONT></TD>
</TR>
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<TD WIDTH="30%" VALIGN="TOP"><FONT SIZE=2><BR>
the Commencement Date</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%"><FONT SIZE=2><BR>
February&nbsp;19, 2002;</FONT></TD>
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<TD WIDTH="30%"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
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&nbsp;</FONT></TD>
</TR>
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<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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Documents</FONT></TD>
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documents, disks, memory, notebooks, tapes or any other medium, whether or not eye-readable, on which information may from time to time be recorded;</FONT></TD>
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Group Company</FONT></TD>
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the Company and any company which directly or indirectly controls, is controlled by, or is under common control with the Company, including without limitation Metromedia International Telecommunications,&nbsp;Inc., PLD Telekom&nbsp;Inc. and any of
their respective affiliates or subsidiaries;</FONT></TD>
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<TD WIDTH="30%"><FONT SIZE=2><BR>
Home Country</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
United States;</FONT></TD>
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Key Employee</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
any individual who is (or was in the 12&nbsp;months period prior to the Termination Date) employed in either (a)&nbsp;an executive or management capacity; or (b)&nbsp;a capacity in which he has access to or obtained Confidential Information, but (for
the avoidance of doubt) not including any employee whose duties are purely administrative or clerical or who is employed in a support capacity;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="30%"><FONT SIZE=2><BR>
Permitted Interest</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
an interest in (i)&nbsp;any class of shares or other securities of any company which are traded on a recognized stock exchange which amounts to not more than five percent of such class of issued shares or securities or (ii)&nbsp;any regulated mutual
fund or authorized unit trust;</FONT></TD>
</TR>
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<TD WIDTH="30%"><FONT SIZE=2><BR>
Place of Employment</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
shall have the meaning given in Section&nbsp;1.2;</FONT></TD>
</TR>
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<TD WIDTH="30%"><FONT SIZE=2><BR>
Pre-Termination</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
Period the period of six months immediately preceding the Termination Date;</FONT></TD>
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<TD WIDTH="30%"><FONT SIZE=2><BR>
Supervisor</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
the President of the Company;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="30%"><FONT SIZE=2><BR>
Termination Date</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="67%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
the date of termination or expiration of the Appointment howsoever occurring.</FONT></TD>
</TR>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;The
expressions "subsidiary" and "affiliate" have the meanings given to them under the law of the State of New York. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;References
to any legislation are to be construed as referring also to any enactment or re-enactment thereof (whether before or after the date hereof), and
to any previous enactment which such enactment has replaced (with or without amendment provided that the amendment does not change the law as at the date hereof) and to any regulation or order made
thereunder. </FONT></P>

<P><FONT SIZE=2><B>OPERATIVE PROVISIONS  </B></FONT></P>

<P><FONT SIZE=2><B>1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title, Job Description, etc.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1&nbsp;&nbsp;The
Company shall employ the Employee and the Employee shall serve the Company as Senior Vice President and Chief Financial Officer with an initial job description as
set forth in Schedule&nbsp;I hereto</FONT><FONT SIZE=2><B>.</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2&nbsp;&nbsp;The
Employee shall be principally based at the Company's offices in New York, New York ("Place of Employment"), but shall be required to attend and work at any location
(whether within or outside the United States) on a temporary basis as reasonably required of him from time to time. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3&nbsp;&nbsp;The
hours of work of the Employee are not fixed but are the usual working hours at the location at which the Employee is principally based or, if applicable, at which he
may be working and such additional hours as may be necessary to enable him properly to discharge his duties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4&nbsp;&nbsp;The
Company reserves the right to change the Employee's title from time to time to reflect any change in his responsibilities. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5&nbsp;&nbsp;The
terms of the Appointment shall include, and the Employee shall be bound by and entitled to the benefits of the Company's Employee Handbook and the Company's
Corporate Policies Handbook, as they may be amended or supplemented from time to time, except to the extent inconsistent with this Agreement or any relocation or secondment agreement. In the event of
any conflict or inconsistency between any relocation or secondment agreement and this Agreement, the terms of such relocation or secondment agreement shall govern, and, in the event of any
inconsistency between (i)&nbsp;the terms of such Employee Handbook or Corporate Policies and (ii)&nbsp;this Agreement, the terms of this Agreement shall govern. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6&nbsp;&nbsp;The
Employee represents and warrants that he is not a party to any agreement, contract (whether of employment or otherwise) or understanding which would in any way
restrict or prohibit the Employee from undertaking the Appointment or performing any of his duties in accordance with this Agreement. </FONT></P>

<P><FONT SIZE=2><B>2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Period of Engagement  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1&nbsp;&nbsp;The
Appointment shall commence on the Commencement Date and will continue through February&nbsp;19, 2004, unless earlier terminated: (i)&nbsp;by either party giving
to the other not less than six month's notice in writing or (ii)&nbsp;pursuant to the provisions of Sections 2.2 or 9.1 hereof. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P><FONT SIZE=2><A
NAME="page_kw3992_1_5"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2&nbsp;&nbsp;In addition, the Employee may terminate this Agreement by giving to the Company not less than one month's notice in writing to that effect in the case of the following: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>a
Change of Control shall have occurred; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>the
Company shall have employed a person in a financial capacity who is to have a position senior in the Company to the Employee's position. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of a termination pursuant to this Section&nbsp;2.2, the Company shall pay the Employee upon the expiration of such notice, an amount equal to the Employee's annual salary
and benefits as of such date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3&nbsp;&nbsp;Neither
the Company nor any other Group Company shall be obliged to provide work for the Employee at any time after notice of termination of the Appointment shall have
been given by (i)&nbsp;either Party pursuant to Section&nbsp;2.1 or (ii)&nbsp;the Company pursuant to Section&nbsp;9, and, in the event such notice is given, the Company may, in its
discretion, take any one or more of the following steps: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>require
the Employee to comply with such conditions as it may specify in relation to attending at, or remaining away from, the place(s) of business of the Company or any other Group
Company;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>assign
the Employee to other duties; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>withdraw
any powers vested in, or duties assigned to, the Employee. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B>3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duties  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1&nbsp;&nbsp;During
the term of the Appointment, the Employee shall have the following duties and obligations: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>to
serve the Company and other Group Companies by performing such services and carrying out such duties as may be assigned to him from time to time by his Supervisor;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>to
use his best endeavors at all times to promote the interests and welfare and maintain the goodwill of the Company and other Group Companies, and not to do, and to exercise all
reasonable endeavors to prevent there being done, anything which may be prejudicial or detrimental to the Company or any other Group Company;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>to
faithfully and diligently perform his duties and to exercise and carry out such powers and functions as may from time to time be vested in him;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD><FONT SIZE=2>to
devote the whole of his time and attention and the full benefit of his knowledge, expertise and skills to the proper performance of his duties (unless on holiday as permitted by
this Agreement or prevented by ill health or accident);
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(e)</FONT></DT><DD><FONT SIZE=2>to
give (in writing if so requested) to his Supervisor or such other person(s) as may be notified to him, such reports, information and explanations regarding (i)&nbsp;the affairs
of the Company and/or any other Group Company, or (ii)&nbsp;other matters relating to the Appointment as may be usual or may be specifically required of him; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(f)</FONT></DT><DD><FONT SIZE=2>to
comply with (i)&nbsp;any applicable Company policy relating to dealings in securities of the Company or any other Group Company, (ii)&nbsp;all applicable rules and regulations
from time to time laid down by the Company concerning its employees generally, and (iii)&nbsp;all lawful directions given to him from time to time. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2&nbsp;&nbsp;Subject
to the provisions of Section&nbsp;3.1, the Employee shall have such powers and responsibilities in conducting the business of the Company and/or any other
Group Company in the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

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ordinary course as may from time to time be delegated to the Employee. These powers and responsibilities may be changed or withdrawn from time to time. </FONT></P>

<P><FONT SIZE=2><B>4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salary, Benefits and Expenses  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1&nbsp;&nbsp;The
Company shall pay the Employee for the proper performance of his duties under this Agreement a monthly salary of $25,000.00 ($300,000 on an annualized basis) (the
"Salary"). Any salary or other compensation that the Employee receives from any other Group Company will, unless otherwise specifically agreed otherwise with the Employee at the time, be offset
against the Salary receivable under this Agreement, thereby reducing the Salary payable under this Agreement by the net amount received from such other Group Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2&nbsp;&nbsp;The
Salary will: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>accrue
from day to day and be payable in equal semi-monthly installments in arrears,
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>be
payable in lieu of any other fees or remuneration of any description which the Employee might be entitled to (or may in fact) receive from the Company or, any other Group Company
or any other company or association in which the Employee holds office as a nominee or representative of the Company or any Group Company (and the Employee shall, at the discretion of the Board,
either waive his right to any such fees or remuneration or deliver the same to the Company forthwith upon receipt);
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>be
paid by credit transfer to the account nominated by the Employee from time to time; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD><FONT SIZE=2>be
subject to set-off by the Company from time to time in respect of any liability of the Employee to the Company or any other Group Company. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3&nbsp;&nbsp;In
addition to the Salary payable to the Employee, the Employee will be eligible for an annual bonus, based on the Company's group bonus plan, as it may exist or be
amended from time to time. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4&nbsp;&nbsp;All
payments to the Employee hereunder shall be subject to deduction for withholding taxes or other items required to be deducted by an employer pursuant to the laws of
the country of which the Employee is a citizen or resident and/or in which he is rendering services, as applicable. The Employee hereby consents to the making of all such deductions and agrees to
repay to the Company and/or any other Group Company as applicable, promptly upon demand any amount which the Company or such other Group Company, as the case may be, failed for any reason whatsoever
to deduct from any payment made to the Employee. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5&nbsp;&nbsp;The
Company will, as promptly as practicable, recommend to the Board of Directors of the Company that options giving the Employee the right to purchase an aggregate of
100,000 shares of the Company's Common Stock be granted to you pursuant to the Company's stock option plan, a copy of which has been provided to the Employee. However, the Employee acknowledges that
the Company cannot guarantee that the options will be granted. Furthermore, any grant is subject to such exercise prices and vesting schedules as the Company board may set. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6&nbsp;&nbsp;The
Employee will also be eligible for the other benefits provided to employees of the Company who are based in the New York office, subject to the terms and conditions
of any benefit plans, as described in more detail in the Company's Employee Handbook. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7&nbsp;&nbsp;Any
benefits which may from time to time be provided to the Employee or his family which are not referred to in this Agreement shall be provided on a discretionary basis
only and, unless specifically agreed in writing, shall not form part of the Employee's terms and conditions of employment, and may be changed or discontinued at any time. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

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<P><FONT SIZE=2><A
NAME="page_ky3992_1_7"> </A> </FONT> <FONT SIZE=2><B>5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holiday  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the usual public and bank holidays in the country in which he is working, the Employee shall be entitled to working days' paid vacation during the
term of this Agreement, subject to the provisions of Section&nbsp;3.2 (Vacation) of the Company's Employee Handbook, which sets forth, among other things, the calculation of those days and the
procedure to be followed in taking them. </FONT></P>

<P><FONT SIZE=2><B>6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictions upon Other Activities  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1&nbsp;&nbsp;The
Employee shall not (a)&nbsp;during the Appointment carry on or be concerned, engaged or interested directly or indirectly (whether as principal, shareholder,
partner, financier, employee, consultant, director, officer, agent or otherwise) in any trade or business other than that of the Company or any other Group Company, and shall not engage in any other
activity which the Company reasonably considers may impair his ability to perform his duties under this Agreement; and (b)&nbsp;for a period of the greater of (i)&nbsp;three months following the
Termination Date and (ii)&nbsp;any period during which the Employee receives remuneration hereunder following the Termination Date, carry on or be concerned, engaged or interested directly or
indirectly (whether as principal, shareholder, partner, financier, employee, consultant, director, officer, agent or otherwise) in any trade or business which is in competition with the business of
the Company or any other Group Company carried on at the Termination Date in any country in which the Company or such Group Company (or any entity in which such Group Company has a greater than 10%
economic interest) operates; provided that the foregoing shall not apply to the holding of a Permitted Interest. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2&nbsp;&nbsp;The
Employee shall not during the Appointment and for a period of six months thereafter (except in a purely social capacity, for the legitimate business interests of his
then-current employer or with the prior written consent of the Board) make any contact, whether formal or informal, written or oral, with any past, current or prospective suppliers,
customers or clients of the Company or any other Group Company with whom the Employee has had business dealings at any time during the Appointment (including but not limited to for the purposes of
setting up a competing business or seeking employment). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3&nbsp;&nbsp;The
Employee shall not during the Appointment and for a period of six months thereafter either on his own behalf or on behalf of any person, firm or company: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>solicit,
approach or deal with, offer goods or services to, accept custom from, or entice away, any person, firm or company who was a client or customer of the Company or any other
Group Company during the Appointment, and with whom the Employee has been actively engaged or involved by virtue of his duties hereunder during the Pre-Termination Period; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>solicit,
approach or deal with, or offer goods or services to, or entice away from the Company or any other Group Company, or interfere with any person, firm or company who was a
supplier, sales agent or distributor of the Company or such other Group Company during the Appointment and in each case with whom the Employee has been actively engaged or involved by virtue of his
duties hereunder during the Pre-Termination Period; </FONT></DD></DL>
</UL>
<UL>

<P><FONT SIZE=2><I>provided </I></FONT><FONT SIZE=2>that nothing contained in sub-sections (a)&nbsp;and (b)&nbsp;above shall prohibit the Employee from carrying out any activities
which are not in competition with any part of the business of any Group Company with which the Employee was involved in during the Pre-Termination Period. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4&nbsp;&nbsp;The
Employee shall not during the Appointment and for a period of six months thereafter either on his own behalf or on behalf of any person, firm or company: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>approach,
solicit, hire or endeavor to entice away from the Company or any other Group Company any Key Employee of the Company or such Group Company, or discourage from being employed
by the Company or such Group Company any person who, to the knowledge of the Employee, is a prospective Key Employee of the Company or such Group Company; or </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

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<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>employ
or procure another person to employ any such person. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5&nbsp;&nbsp;The
restrictions set out in this Section&nbsp;6 are without prejudice to any other fiduciary duties owed to the Company or any other Group Company, whether express or
implied. The Employee acknowledges that the covenants and undertakings in this Section&nbsp;6 are made for the benefit of the Company and all other Group Companies, and each of them shall be
considered to be a third party beneficiary of such covenants and undertakings and, in the event of any breach thereof in relation to any such company, the applicable Group Company shall be entitled to
enforce such breached covenant or undertaking directly against the Employee. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6&nbsp;&nbsp;The
Employee (who acknowledges that, in the course of the Appointment, he is likely to have dealings with the clients, customers, suppliers and other contacts of the
Company and the other Group Companies) agrees that each of the restrictions in this Section&nbsp;6 is separate and distinct, is to be construed separately from the other restrictions, and is
reasonable as regards its duration, extent and application for the legitimate business interests of the Company and the other Group Companies. However, in the event that any such restriction shall be
found to be void or unenforceable but would be valid and enforceable if some part or parts of it were deleted or revised, the Employee agrees that such restriction shall apply with such deletions
and/or revisions as may be necessary to make it valid and effective. </FONT></P>

<P><FONT SIZE=2><B>7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee Conduct  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employee hereby acknowledges that he has received, read and understands, and agrees to comply in all respects with the Company's Employee Handbook and the
Company's Corporate Policies Handbook, and the policies and procedures set forth therein, as they may be amended and supplemented from time to time. </FONT></P>

<P><FONT SIZE=2><B>8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remedies  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employee expressly acknowledges that the remedy at law for any breach of Sections 6 and 7 may be inadequate and that upon any breach or threatened breach, the
Company or any other Group Company affected by such breach shall be entitled as a matter of right to injunctive relief in any court of competent jurisdiction, in equity or otherwise, and to enforce
the specific performance of the Employee's obligations under those provisions without the necessity of proving the actual damage or the inadequacy of a legal remedy. The rights conferred by the
preceding sentence shall not be exclusive of, but shall be in addition to, any other rights or remedies which such company may have at law, in equity or otherwise. </FONT></P>

<P><FONT SIZE=2><B>9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1&nbsp;&nbsp;The
Company may at any time terminate the Appointment with immediate effect (or any such longer period of notice as the Company shall see fit) by giving the Employee
written notice in any of the following events: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>If
the Employee at the time the notice is given is prevented by reason of Incapacity from appearing at his customary place of work and/or fully and properly performing his duties, and
has been so
prevented for at least a continuous period of 90&nbsp;days or for an aggregate period of at least 90&nbsp;days (whether or not, in either case, working days) in the preceding twelve months.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>If
the Employee shall have: </FONT></DD></DL>
</UL>
<UL>
<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;committed
an act of fraud or dishonesty, been convicted of a serious crime or been guilty of gross misconduct (whether or not in any such case connected with the
Appointment); </FONT></P>

</UL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;committed
any material breach of, or, after having been given warning in writing, any repeated or continued breaches of, any of his duties hereunder or any of his
express or implied obligations arising from the Appointment, including refusing to comply with any proper instructions given to him; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;been
guilty of conduct or permitted or suffered to occur events or actions by others tending to bring the Company or any other Group Company into disrepute; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;committed
any act which materially and adversely affects his ability properly to carry out his material duties hereunder; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;failed,
after having been given warning in writing and an opportunity to cure, to have performed the material part of his duties to the satisfaction of his Supervisor;
or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;become
bankrupt, claimed the benefit of any legislation for the time being in force for the relief of insolvent debtors, or proposed or made any arrangement or
composition with his creditors. </FONT></P>

</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2&nbsp;&nbsp;Upon
termination of the Appointment however arising: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>The
Employee shall immediately upon the request of the Board (i)&nbsp;resign from all offices held by him in the Company or any other Group Company and from all other appointments
or offices which he holds as nominee or representative of the Company or any other Group Company, and (ii)&nbsp;terminate any powers of attorney, signatory powers or other authorizations which he
may have received from the Company or any other Group Company, and, if he fails so to do, the Company is irrevocably authorized by the Employee to appoint some person in his name and on his behalf to
execute such
documents and to do such other things as are reasonably necessary to give effect to such resignations and terminations.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>The
Employee (or, if he shall be dead, of unsound mind or bankrupt, his personal representatives or such other persons as shall be appointed to administer his estate and affairs)
shall deliver to the Company in accordance with the directions of the Board all computers, cell phones and other equipment belonging to the Company or any other Group Company, and all keys, security
passes, credit cards, Documents and other property belonging to or relating to the businesses or affairs of the Company or any other Group Company, including all copies of all Documents containing
Confidential Information (and all copies, extracts or notes of any of the same) which may be in his possession or under his control (or that of his personal representatives or such other persons).
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>The
Employee shall cooperate to the extent requested by the Board in the transfer of his duties and responsibilities to the person designated as his successor.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD><FONT SIZE=2>All
benefits of whatever nature due to the Employee from the Company or any other Group Company shall cease with immediate effect as of such termination.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(e)</FONT></DT><DD><FONT SIZE=2>Except
if the Appointment is terminated pursuant to Section&nbsp;9(1)(b), in which event there shall be no entitlement to any bonus, any bonus payable to the Employee pursuant to
Section&nbsp;4.3 hereof shall be pro rated over the number of months actually worked by the Employee during the year for which the bonus is payable, and the Employee shall receive only that portion
of the bonus which relates to the portion of the year in which he worked, and his right to receive any bonus shall in all events be subject to the terms and conditions of the applicable bonus
arrangement.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(f)</FONT></DT><DD><FONT SIZE=2>The
Employee shall have no separate entitlement to any severance or similar payment in respect of the termination of his employment, however arising. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>9</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3&nbsp;&nbsp;Except
as provided pursuant to Section&nbsp;2.2 hereof, the Employee shall have no claim against the Company or any other Group Company: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>by
reason of the merger, consolidation, continuation, dissolution or liquidation of the Company, or the sale of all or substantially all of the assets of the Company, provided that
the Employee shall have first been offered in writing a new appointment with the successor or surviving company on terms no less favorable to him than under this Agreement; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>in
relation to any provision of the charter or other constituent documents of any Group Company, or any agreement, plan or arrangement, which (i)&nbsp;has the effect of requiring
the Employee to sell or give up any shares, securities, options or rights at any price, or (ii)&nbsp;causes any options or other rights granted to him to become prematurely exercisable or lapse. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4&nbsp;&nbsp;Upon
a termination pursuant to Section&nbsp;2.1(i)&nbsp;hereof, the Company may, in its discretion, pay the Employee in lieu of all or any unexpired period of notice
a sum equal to the Salary only which the Employee would have received in such period whereupon this Agreement shall terminate with immediate effect. If the Company elects in its discretion to continue
to pay the Salary to the Employee during the unexpired period of notice rather than paying such amount in a lump sum, then the Company shall also provide the benefits under this Agreement to the
Employee for such unexpired period of notice. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5&nbsp;&nbsp;The
Board of the Company may at any time suspend the Employee pending the making and completion of such investigation regarding the conduct of the Employee as it thinks
fit. While the suspension continues, unless specifically otherwise provided in this Agreement, the Employee shall continue to receive the Salary and other benefits set out in this Agreement. During
the period of suspension, neither the Company nor any other Group Company shall be obliged to provide work to the Employee and the Employee shall be required to comply with such conditions as the
Company may specify in relation to attending at or remaining away from the places of business of the Company and/or any other Group Company. Nothing in this Section&nbsp;9.5 shall be deemed to
prevent the Appointment from being terminated pursuant to the terms of this Agreement during or after any such investigation, whether on the grounds of the matter being investigated or otherwise. </FONT></P>


<P><FONT SIZE=2><B>10&nbsp;&nbsp;&nbsp;&nbsp;Notices  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notices by either party: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>must
be in writing addressed to the Company or the Employee at their respective addresses set out at the commencement of this Agreement, or such other address as either may notify to
the other from time to time; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>will
be effectively served: </FONT></DD></DL>
</UL>
<UL>
<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;on
the day of receipt, where any hand-delivered letter (including any delivery by recognized overnight courier) or facsimile transmission is received on a
business day before or during normal working hours; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;on
the following business day, where any hand-delivered letter (including any delivery by recognized overnight courier) or facsimile transmission is
received either on a business day after normal working hours or on any other day; or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;on
the fifth business day following the day of mailing to an overseas address of any letter sent registered or certified mail. </FONT></P>

</UL>
</UL>

<P><FONT SIZE=2><B>11&nbsp;&nbsp;&nbsp;&nbsp;General  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1&nbsp;This
Agreement, which contains all the terms of the Appointment, is in substitution for all contracts between the Company and any other Group Company and the Employee
(whether written, </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>10</FONT></P>

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<P><FONT SIZE=2>
oral or governed by a course of dealings) prior to the date hereof, each of which shall be deemed to have terminated with effect from the Commencement Date. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2&nbsp;Unless
the context of this Agreement clearly requires otherwise, (a)&nbsp;references to the plural include the singular, the singular the plural, and the part the
whole, and (b)&nbsp;references to one gender include all other genders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3&nbsp;The
section and other headings contained in this Agreement are for reference purposes only and shall not control or affect the construction of this Agreement or the
interpretation thereof in any respect. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4&nbsp;The
waiver, express or implied, by either party of any right under this Agreement or any breach by the other shall not constitute or be deemed a waiver of any other
right or breach under this Agreement or of the same right or breach on another occasion. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5&nbsp;No
amendment, change or addition to the terms of this Agreement shall be effective or binding on either Party unless reduced to writing and executed by both Parties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6&nbsp;The
Employee undertakes not to disclose or communicate any terms of the Appointment to any other employee of any Group Company or to any third party (other than for the
purpose of obtaining
professional advice or other than as required by applicable law, including the securities laws and regulations of the United States). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7&nbsp;Any
provision of this Agreement, which contemplates or is capable of operation after the termination of the Appointment shall apply notwithstanding termination of the
Appointment howsoever arising. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.8&nbsp;If
any provision of this Agreement or application thereof to anyone under any circumstances is adjudicated to be invalid or unenforceable in any jurisdiction, such
invalidity or unenforceability shall not affect any other provisions or applications of this Agreement which can be given effect without the invalid or unenforceable provision or application and shall
not invalidate or render unenforceable such provision in any jurisdiction. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.9&nbsp;This
Agreement is governed by and is to be construed in accordance with the laws of the State of New York, without regard to the conflicts of laws principles thereof,
and the parties hereby submit to the non-exclusive jurisdiction of the courts of and in the State of New York. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.10&nbsp;&nbsp;In
order to keep and maintain accurate records relating to the Employee's employment, it will be necessary for the Company to record, keep and process
personal data relating to the Employee. This data may be recorded, kept and processed on computer and/or in hard copy form. To the extent that it is reasonably necessary in connection with the
Employee's employment and the performance of the Company's responsibilities as an employer, it may be necessary for the Company to disclose this data to others. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
signing this Agreement, the Employee consents to the recording, processing, use, disclosure, and transfer by the Company of personal data relating to him. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
all purposes required by law, the Company has nominated the chief legal officer of the Company as its representative. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>11</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF the Parties have executed this Employment Agreement. </FONT></P>

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&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
METROMEDIA INTERNATIONAL GROUP,&nbsp;INC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2><BR>
/s/ Carl C. Brazell, Jr.</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
/s/ Harold F. Pyle III</FONT><HR NOSHADE><FONT SIZE=2> Harold F. ("Ernie") Pyle, III</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>12</FONT></P>

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