EXHIBIT 10.35 CONTRACT OF EMPLOYMENT

1

COMMENCEMENT OF EMPLOYMENT

2

JOB TITLE AND DUTIES

2.1

Your job title is Executive Vice President, reporting to the Chief Executive Officer of the Company.

2.2

Your main duties are

2.2.1

Management of matters relating to the Company’s existing and future television station operations in the United Kingdom and countries of Central and Eastern Europe as may be specified from time to time by the Chief Executive Officer;

2.2.2

Travel to such countries as directed by the Chief Executive Officer of the Company to undertake tasks specified by him;

2.2.3

Such other related tasks as directed by the Chief Executive Officer of the Company from time to time.

2.3

In addition to your main duties you will be required to carry out such other duties consistent with your position as the Company may from time to time require.

2.4

You shall use your best endeavours to promote and protect the interests of the Company and shall not do anything that is harmful to those interests.

2.5

You shall devote the whole of your time (unless prevented by ill-health or accident or otherwise directed by the Company) to the duties of this contract and you shall not be directly or indirectly interested or concerned in any manner in any other business (other than holding as a bona fide personal investment equity in any company whose shares are listed on any recognised exchange or is otherwise not a Restricted Business as defined in clause 20.1) except with the Company’s prior written consent. If such consent is given, you must provide the Company with the number of hours worked for any other employer each month.

3

PLACE OF WORK

3.1

You will be based in the Company’s existing London office or at such other place in London, England as the Company may from time to time reasonably require. Any interim, temporary or permanent relocation (which for the avoidance of doubt will exclude normal business travel) will be subject to mutual agreement.

3.2

The duties of this appointment shall relate primarily to the UK and the countries in which the Company holds interests in television stations. You may also be required to travel to other destinations from time to time as reasonably required by the Company for the proper performance of your duties.

4

REMUNERATION

4.1

Your basic salary is 200,000 pounds (£) per year, payable in equal and consecutive monthly instalments in arrears or on or about the 20 ^th day of each month by credit transfer into your bank account after all necessary deductions for relevant taxes and national insurance.

4.2

You shall be entitled to participate in an annual discretionary bonus scheme. The amount, if any, of such a bonus shall be determined by the Chief Executive of the Company, and is subject to the approval of the Compensation Committee. Any bonus awarded will be based on a figure representing not less than 33% of your gross annual salary.

5

OTHER BENEFITS

5.1

You are entitled to membership of the following schemes (each referred to below as an “insurance scheme” ):

5.1.1

A medical expenses insurance scheme providing such cover for you and your spouse/partner and all children under the age of eighteen (18) as the Company may from time to time notify to you; and

5.1.2

a salary continuance on long-term disability insurance scheme providing such a personal accident insurance scheme providing such cover for you as the Company may from time to time notify to you.

5.2

Benefits under any insurance scheme shall be subject to the rules of the scheme(s) and the terms of any applicable insurance policy and are conditional upon your complying with and satisfying any applicable requirements of the insurers. Copies of these rules and policies and particulars of the requirements shall be provided to you on request. The Company shall not have any liability to pay any benefit to you under any insurance scheme unless it receives payment of the benefit from the insurer under the scheme.

5.3

Any insurance scheme which is provided for you is also subject to the Company’s right to alter the cover provided or any term of the scheme or to cease to provide (without replacement) the scheme at any time if in the opinion of the Company your state of health is or becomes such that the Company is unable to insure the benefits under the scheme at the normal premiums applicable to a person of your age.

5.4

The provision of any insurance scheme does not in any way prevent the Company from lawfully terminating this contract in accordance with the provisions in Clause 10 even if to do so would deprive you of membership of or cover under any such scheme.

6

EXPENSES

7

HOURS OF WORK

7.1

Your normal working hours are 40 hours per week/from 9:00am to 6:00pm Monday to Friday together with such additional hours as may be necessary for the proper performance of your duties. This may include working in the evenings outside normal office hours at weekends or on public holidays. No additional pay or time off will be permitted.

8

HOLIDAYS

8.1

You are entitled to 25 days’ holiday per annum in addition to bank and public holidays in the United Kingdom.

8.2

Your entitlement to holiday accrues pro rata on an annual basis as calculated from 1 January each year.

8.3

Unless otherwise prohibited by English law, any entitlement to holiday remaining at the end of this contract shall lapse and no payment in lieu will be made for accrued untaken holiday.

8.4

If your employment is terminated without notice, you will not be entitled to holiday pay for holiday which would have accrued during the notice period, had you continued to be employed throughout that time.

8.5

The Company may also reasonably refuse to allow you to take holiday in circumstances where it would be inconvenient to the business. The Company reserves the right to refuse holiday up to and including the day before the holiday is due to be taken.

9

SICKNESS

9.1

The Company may from time to time in its reasonably discretion and at its expense on reasonable notice require you to be examined by a medical adviser nominated by the Company for purposes of evaluating the adequacy of your health to perform this contract and you agree to provide such formal consents as may be reasonably necessary for the results of such examinations to be disclosed to the Company.

10

TERMINATION

10.1

You may terminate this contract at any time on giving the Company six months notice in writing. In the event you give notice of termination pursuant to this Clause, the Company may opt to provide you with payment in lieu of notice. This payment will comprise solely your basic salary (at the rate payable when this option is exercised) and any unpaid bonus which has been awarded in accordance with the Company’s pay-for-performance scheme and shall be subject to deductions for income tax and national insurance contributions as appropriate.

10.2

The Company may at any time and in its absolute discretion (whether or not any notice of termination has been given under clause 10.1 above) terminate this contract with immediate effect and make a payment in lieu of notice. This payment will comprise solely the outstanding balance of your basic salary from the date of termination through and including the end date of contract, including any unpaid bonus to which has been awarded under the Company’s pay-for-performance scheme (at the rate payable when this option is exercised) and shall be subject to deductions for income tax and national insurance contributions as appropriate.

10.3

Your employment may be terminated by the Company without notice by reason of your gross misconduct. Examples of gross misconduct are set out in the Company’s disciplinary procedure. Nothing herein shall be deemed to obligation the Company to actually use your services pursuant hereto and the Company shall have fully discharged its obligation to you by providing you with the outstanding balance of your basic salary from the date of termination through and including the end date of the contract, including any unpaid bonus to which has been awarded under the Company’s pay-for-performance scheme (at the rate payable when this option is exercised) and shall be subject to deductions for income tax and national insurance contributions as appropriate.

10.4

Upon the termination by whatever means of this contract you shall immediately return to the Company all documents, computer media, credit cards, keys and all other property belonging to or relating to the business of the Company which is in your possession or under your power or control and you must not retain copies of any of the above.

11

SUSPENSION

11.1

The Company may suspend you from your duties on full pay to allow the Company to investigate any bona-fide complaint made against you in relation to your employment with the Company. In any such circumstances, you will be given a reasonably opportunity to address and defend any such complaint.

11.2

Provided you continue to enjoy your full contractual benefits and receive your pay in accordance with this contract, the Company may in its absolute discretion do all or any of the following during the notice period or any part of the notice period, after you or the Company have given notice of termination to the other, without breaching this contract or incurring any liability or giving rise to any claim against it:

11.2.1

Exclude you from the premises of the Company;

11.2.2

Require you to carry out only specified duties (consistent with your status, role and experience) or to carry out no duties;

11.2.3

Announce to any of its employees, suppliers, custo