CTC MEDIA, INC. STOCKHOLDERS’ AGREEMENTStockholders’ Agreement • April 4th, 2012 • Modern Times Group MTG AB • Delaware
This Stockholders’ Agreement (the “Agreement”), dated as of May 20, 2011, is entered into by and among CTC Media, Inc., a Delaware corporation (the “Company”); MTG Russia AB, a Swedish limited liability company (“MTG”); and Telcrest Investments Limited, a Cypriot limited liability company (“Telcrest”). Subject to the provisions hereof, this Agreement will supersede and replace in its entirety the Stockholders’ Agreement of the Company dated as of May 12, 2006 (as amended through the time of effectiveness of this Agreement, the “Prior Agreement”).
