Private Media Group (PRVT)

6.19 Employees.

(a) Section 6.19(a) of the Disclosure Schedule lists all employees, consultants and independent contractors of the Company and the Company Subsidiaries, their dates of hire, whether their status is active or inactive (and if inactive, the reason that they are inactive and their expected return to work date), their work status (full-time, part-time, temporary, casual, etc.), the rate of all regular and special compensation (not including any discretionary bonuses) payable to each such person in any and all capacities and any regular or special compensation (not including any discretionary bonuses) that will be payable to each such person in any and all capacities as of the Closing Date other than the then current accrual of regular payroll compensation, and term of employment. Neither the Company nor the Sellers has Knowledge that any employee of the Company or the Company Subsidiaries plans to discontinue his or her employment following the transactions contemplated hereunder. Neither the Company nor any Company Subsidiary is a party to or bound by any collective bargaining agreement, nor have they experienced any strikes, grievances, or claims of unfair labor practice within the past five years.

(b) There are no current or to Sellers’ Knowledge, threatened attempts to organize or establish any trade union or employee association with respect to the Company or the Company Subsidiaries, nor has there been any such attempts within the past five (5) years.

(c) No employee of the Company or of the Company Subsidiaries has any agreement as to length of notice, severance or termination payment required to terminate his employment.

(d) No employee or former employee of the Company or of the Company Subsidiaries is or has been, during his employment, an illegal or undocumented worker.

(e) The parties hereto agree that (1) the employee information disclosed to Buyer pursuant to Section 6.19 of the Disclosure Schedule was necessary for Buyer’s determination to enter into this Agreement and proceed with the transactions contemplated hereby and for the parties to proceed with the Closing, and (2) such information will only be used for those purposes for which it was initially collected from or in respect of such employees.

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EMPLOYEES

As of December 31, 2006, 2007 and 2008 we employed 137, 123 and 97 people, respectively. Our employees in Spain are represented by two labor unions and we have never experienced a work stoppage. We believe that we have a good relationship with our employees.

EMPLOYEES

SIZE="2">As of December 31, 2006, 2007 and 2008 we employed 137, 123 and 97 people, respectively. Our employees in Spain are represented by two labor unions and we have never experienced a work stoppage. We believe that we have a good
relationship with our employees.

EMPLOYEES

As of December 31, 2005, 2006 and 2007 we employed 135, 137 and 123 people, respectively. Our employees in Spain are represented by two labor unions and we have never experienced a work stoppage. We believe that we have a good relationship with our employees.

EMPLOYEES

SIZE="2">As of December 31, 2005, 2006 and 2007 we employed 135, 137 and 123 people, respectively. Our employees in Spain are represented by two labor unions and we have never experienced a work stoppage. We believe that we have a good
relationship with our employees.

EMPLOYEES

As of December 31, 2004, 2005 and 2006 we employed 141, 135 and 137 people, respectively. Our employees in Spain are represented by two labor unions and we have never experienced a work stoppage. We believe that we have a good relationship with our employees.

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EMPLOYEES

As of December 31, 2003, 2004 and 2005 we employed 163, 141 and 135 people, respectively, on a full-time basis.

Our full-time editorial and post-production staff consists of an editor-in-chief, six executive editors and approximately seven editors, associate editors and assistant editors who oversee the quality and consistency of the artwork and editorial copy and manage the production schedule of each issue. The production of each issue requires the editors to coordinate the activities of a

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writer, a pencil artist, an inker, a colorist and a printer over a two-month period. The majority of this work is performed on our premises in Barcelona, Spain.

The photographers and directors consist of freelancers who generally receive a flat fee. We have entered into agreements with some photographers, movie directors and writers under which such people have agreed to provide their services to us on an exclusive basis, generally for a period of one to three years.

We believe that we have a good relationship with our employees. Currently, none of our employees is represented by a labor union.

EMPLOYEES

As of December 31, 2002, 2003 and 2004 we employed 177, 163 and 141 people, respectively, on a full-time basis.

Our full-time editorial and post-production staff consists of an editor-in-chief, six executive editors and approximately seven editors, associate editors and assistant editors who oversee the quality and consistency of the artwork and editorial copy and manage the production schedule of each issue. The production of each issue requires the editors to coordinate the activities of a writer, a pencil artist, an inker, a colorist and a printer over a two-month period. The majority of this work is performed on our premises in Barcelona, Spain.

The photographers and directors consist of freelancers who generally receive a flat fee. We have entered into agreements with some photographers, movie directors and writers under which such people have agreed to provide their services to us on an exclusive basis, generally for a period of one to three years.

We believe that we have a good relationship with our employees. Currently, none of our employees is represented by a labor union.

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