FORM OF EMPLOYMENT AGREEMENT Between Clive Ng And China Cablecom Holdings, Ltd. Dated as of _______, 2008

1.1

Employment Term. The “Employment Term” of this Agreement shall commence on the Effective Date and shall continue until the earlier of the Employment Contract Termination Date or the Employment Final Termination Date.

1.2

Working Time. During the Employment Term, the Employee shall devote so much of his attention, experience and efforts during normal business hours to the proper performance of his duties hereunder and to the Business and affairs of the Company as, in the reasonable judgment of the Employee, the conduct of the Business of the Company shall require. Notwithstanding the foregoing, nothing herein shall limit Employee from (i) serving as an officer, director and/or board committee member of China Broadband, Inc. and China Broadband, Ltd., consistent with the Employment Agreement, dated as of February 24, 2007, between the Employee and China Broadband, Ltd., as amended as of January 11, 2008, or being a security holder thereof (or of any successor); (ii) management of his personal and family investments; (iii) engaging in “Other Permitted Investments” (as defined below); (iv) serving as a director, board or other committee member or trustee or in any other advisory capacity to any companies or other entities if such activities do not materially interfere with his services to the Company; (v) serving on industry boards or committees and trade associations in a non-employee capacity; (vi) making speeches, writing articles or participating in public debate and discussions in and by the means of any medium of communication; (vii) performing civic, community, public service, charitable, religious or philanthropic functions; (viii) serving as a senior advisor to Warner Music Group Corp.; and (ix) performing services relating to the formation and operation of an advertising business for television stations to the extent such services do not materially interfere with his services to the Company. “Other Permitted Investments” shall include: (x) investments in securities of publicly traded entities; and (y) passive investments in businesses not competitive with the Business of the Company, it being acknowledged that a “passive investment” shall be deemed to

1.3

Change in Control/Corporate Transaction. Notwithstanding the foregoing, if a Change in Control or Corporate Transaction occurs prior to the Employment Contract Termination Date, then the terms outlined in Article 4 shall apply.

2.1

Cash Compensation. During the Employment Term, as compensation for services hereunder and subject to the performance of his obligations hereunder, the Employee shall be paid the cash compensation (the “Cash Compensation”), which consists of the following:

i.

Base Salary: base salary in the amount of RMB 3,750,000 (which is equivalent as of the date hereof to Five Hundred Thousand U.S. Dollars (US$500,000)) payable in twelve monthly installments (“Monthly Base Salary”) and pro rated for the number of days actually worked by Employee in any month in which the Employment Contract Termination Date or the Employment Final Termination Date occurs, less all required deductions; and

ii.

Annual Performance Incentive Cash Bonus: Employee also shall be eligible to receive an annual performance incentive cash bonus for each calendar year (or partial calendar year), payable on or before April 30 of the following calendar year, subject to the Employee’s achievement of the annual performance targets, so long as his performance is verified and approved by the Compensation Committee in accordance with Section 2.7, with the Target Variable of 50% of annual Base Salary.

2.2

Benefits. During the Employment Term, as further compensation for services hereunder, the Employee shall be entitled to the benefits as follows:

i.

Insurance: health and life insurance providing international standard coverage as determined by the Compensation Committee after consultation with the Employee, with insurance premiums per individual family member in the amount of up to RMB 225,000 (which is equivalent to Thirty Thousand US Dollars (US$30,000)) per year;

ii.

Company Car: use of one car and one driver as provided by the Company.

iii.

Tax Advisory Services: reimbursement for actual tax advisory service fees incurred, up to RMB 75,000 (which is equivalent to Ten Thousand US Dollars (US$10,000)) per year; and

iv.

Education Reimbursement: reimbursement of education costs incurred for his children, up to RMB 240,000 per child (which is equivalent to Thirty Thousand US Dollars (US$ 30,000) per year).

2.3

Individual Income Tax. The Employee shall be responsible for paying his own individual income tax with the exception of the one-time bonus in respect of the compensation received hereunder, and Employee will certify in writing annually to the Board that he has accurately reported and timely paid all income tax due in connection with such compensation. The Company will make all required tax and statutory withholdings according to the PRC taxation laws and the tax amount will be deducted from the Employee’s Monthly Base Salary, which deduction Employee hereby consents to.

2.4

Annual Leave. The Employee shall be entitled to four weeks of annual leave with pay during each calendar year of the Employment Term, which must be taken in accordance with the Company’s vacation policy then in effect.

2.5

Travel Expenses Reimbursement. The Company shall pay or reimburse the Employee for reasonable business expenses actually incurred or paid by the Employee during the Employment Term, in the performance of his services hereunder.

2.6

Stock Option Employment Commencement Package. The Employee shall be entitled to, and the Company shall grant the Employee, a “Stock Option Employment Commencement Package”, which will consist of an option to purchase__ (______________________) Ordinary Shares of the Company at the price of USD ______ per share out of _______________, ________________ shall be granted to Employee on the Effective Date, and the rest of _____________________ will be subject to vesting in equal installments on a quarterly basis over a 8-quarter vesting period starting on the Effective Date.

2.7

Annual Review. The terms of the compensation package provided under this Agreement and the Employee’s recommendations in connection therewith shall be reviewed by the Compensation Committee and/or the Board from time to time. At a minimum, the Company’s Compensation Committee will review in the second quarter of each calendar year or at such other time as the Company and Employee shall agree, (a) the compensation package of the Employee, including approval of the annual performance incentive cash bonus payable, if any, based on achievement of the prior calendar year’s Performance Targets and (b) the approval of Performance Targets (with specific qualitative and quantitative performance factors) and target variable for determining the annual incentive bonus payouts for the current calendar year. Except for agreed changes, if any, pursuant to clause (b) of the preceding sentence, any amendment agreed upon by the Board or the Compensation Committee and the Employee to the terms of the Employee’s compensation package will not be retroactive and shall take effect from the time such amendment is made. The parties hereto agree that, as a general principle, amendments to the compensation package of the Employee shall not be made to, directly or indirectly, address changes in applicable law (including tax laws) and other regulatory developments which affect the Employee.

3.1

General.

3.1.1.

Company’s Right to Terminate. The Company shall have the right to terminate the employment of the Employee at any time with or without Cause, but the relative rights and obligations of the parties in the event of any such termination shall be determined under this Agreement.

3.1.2.

Employee’s Resignation Right. The Employee shall have the right to resign for Good Reason and for any other reason with 30 days prior notice to the Company, but the relative rights and obligations of the parties in the event of any such resignation shall be determined under this Agreement (such event, an “Employee Resignation”, and the date of notice by the Employee to the Company, the “Employee Resignation Date”).

3.2

Termination Under Certain Circumstances.

3.2.1.

Termination For Cause. In the event the Company terminates the Employee’s employment for Cause prior to the expiration of the Employment Term, subject to the Employee’s compliance with Article 5, the Company will be obliged to pay only the Standard Termination Entitlements as defined in Section 3.4.1, and the Employee’s right to exercise the Employee Stock Options described under Section 2.6 shall be determined pursuant to the applicable stock option agreements and stock incentive plan governing such options.

3.2.2.

Resignation For Any Reason Other Than Good Reason In the event the Employee resigns for any reason other than Good Reason prior to the expiration of the Employment Term, subject to the Employee’s compliance with Article 5:

i.

the Company will be obliged to pay the Standard Termination Entitlements as defined in Section 3.4.1; and

ii.

a portion of the Employee Stock Options described under Section 2.6(1) which are unvested on such date shall vest in accordance with the option agreements (as amended) governing those options.

3.2.3.

Termination Without Cause or Resignation for Good Reason. Except in the event of a Change in Control or a Corporate Transaction, in the event that the Company terminates the Employee’s employment without Cause or the Employee resigns for Good Reason, subject to the Employee’s compliance with Article 5:

i.

the Company will be obligated to pay the Standard Termination Entitlements as defined in Section 3.4.1 and the Severance Benefits as defined in Section 3.4.2; and

ii.

a portion of the Employee Stock Options described under Section 2.6(1) which are unvested on such date shall vest in accordance with the option agreements (as amended) governing those options.

3.2.4.

Termination upon a Change in Control. In the event of a Change in Control or Corporate Transaction, the terms outlined in Article 4 shall apply.

3.3

Liquidated Damages. The Company and Employee hereby stipulate that the damages which may be incurred by the Employee as a consequence of any such termination of employment are not capable of accurate measurement as of the Effective Date and that the liquidated damages payments provided for in this Agreement constitute a reasonable estimate under the circumstances of, and are in full satisfaction of, all damages sustained as a consequence of any such termination of employment.

3.4

Definitions.

3.4.1.

Standard Termination Entitlements. For all purposes of this Agreement, the “Standard Termination Entitlements” shall mean and include:

i.

the Employee’s earned but unpaid compensation (including, without limitation, salary, bonus and all other items which constitute wages under applicable law) as of the date of his termination of employment. This payment shall be made at the time and in the manner prescribed by law applicable to the payment of compensation but in no event later than 30 days after the date of the Employee’s termination of employment;

ii.

the benefits, if any, due to the Employee (and the Employee’s estate, surviving dependents or his designated beneficiaries) under the employee benefit plans and programs and compensation plans and programs (including stock option plans) maintained for the benefit of the employees of the Company; and

iii.

all of the Employee’s Employee Stock Options that have been deemed to have vested at or prior to the Employment Final Termination Date under the terms of applicable stock option agreements and stock incentive plans.

3.4.2.

Severance Benefits. For all purposes of this Agreement, the Employee’s “Severance Benefits” shall mean:

i.

the payment of a lump sum amount equal to the total number of years between _______, 2008 (the “Date of Hire”) and the Employment Final Termination Date multiplied by the Employee’s Monthly Base Salary in effect immediately prior to his termination of employment; if the Employment Final Termination Date occurs six months or more (but less than a full year) after an anniversary of the Date of Hire, such less-than-full-year period after the anniversary shall be included in the number of years referenced above (e.g., if the Employment Final Termination Date is two years and ten months after the Date of Hire, then the total number of years for purposes of this subsection would be 2.5); and

ii.

for a period of six months after the Employee’s termination of employment, all benefits including direct payment by the Company to the carrier of the premiums due for any health insurance continuation coverage elected by the Employee under the Company group health plans pursuant to the Consolidated Budget Reconciliation of 1985.

4.1

Employment Term. If a Change in Control or Corporate Transaction occurs prior to the Employment Contract Termination Date, then the Employment Term shall remain unchanged.

4.2

Severance Payment Amount. If a Change in Control or Corporate Transaction occurs prior to the Employment Contract Termination Date and the Company terminates the Employee’s employment without Cause or the Employee resigns for Good Reason, then the Employee will be entitled to (a) a payment equal to the greater of (x) 6 times the Monthly Rate of Compensation or (y) 12 months’ Monthly Base Salary less any compensation paid to the Employee during the period between the Change in Control or

4.3

Health and Life Insurance Benefits. If a Change in Control or Corporate Transaction occurs prior to the Employment Contract Termination Date, then the Employee will be entitled to Company-paid contributions for health and life insurance premiums for the greater of six months or the number of months between the Employment Final Termination Date and the first anniversary of the Change in Control or Corporate Transaction.

4.4

Section 280G. In order to avoid the payment of excise tax imposed by Section 4999 of the Internal Revenue Code of 1986 (the “Code”), the Company may reduce the payments or benefits to the Employee (within the meaning of Section 280G(b)(2) of the Code). Such reduction may apply to cash payments, vesting acceleration of Employee Stock Options and other benefits received by the Employee, which could result in the acceleration of vesting of only a portion or none of then unvested Employee Stock Options. In no event shall any payment be made under this Agreement if it would result in an excess parachute payment under section 280G of the Code.

7.1

Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly received if so given) by hand delivery, telegram, telex, or telecopy, or facsimile transmission, or by mail (registered or certified mail, postage prepaid, return receipt requested) or by any courier service, providing proof of delivery. All communications hereunder shall be delivered to the respective parties at the following addresses or to such other address as the party to whom notice is given may have previously furnished to the other parties hereto in writing in the manner set forth above:

If to the Company:   _____________________________________________

7.2

Entire Agreement. This Agreement shall constitute the entire agreement between the Employee and the Company with respect to the Employee’s employment with the Company and supersedes any and all prior agreements and understandings, written or oral, with respect thereto.

7.3

Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only by an instrument in writing and signed by the party against whom such amendment or waiver is sought to be enforced.

7.4

Successors and Assigns. The personal services of the Employee are the subject of this Agreement and no part of the Employee’s or the Company’s rights or obligations hereunder or thereunder may be assigned, transferred, pledged or encumbered by the Employee or the Company. This Agreement shall inure to the benefit of, and be binding upon (a) the parties hereto, and (b) the heirs, administrators, executors and personal representatives of the Employee and the Company.

7.5

Governing Law and Venue. This Agreement, including the validity hereof and the rights and obligations of the parties hereunder, and all amendments and supplements hereof and all waivers and consents hereunder, shall be construed in accordance with and governed by the laws of the State of New York, USA, without giving effect to any conflicts of law provisions or rule, that would cause the application of the laws of any other jurisdiction.

7.6

Severability. If any provisions of this Agreement, as applied to any part or to any circumstance, shall be adjudged by a court to be invalid or unenforceable, the same shall in no way affect any other provision of this Agreement, the application of such provision in any other circumstances or the validity or enforceability of this Agreement.

7.7

Survival. The rights and obligations of the Company and Employee pursuant to Articles 3, 4, 5, 6 and 7 shall survive the termination of the Employee’s employment with the Company and the expiration of the Employment Term.

7.8

Captions. The headings and captions used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

7.9

Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

EMPLOYEE

By: 

▇▇▇▇▇ ▇▇

CHINA CABLECOM HOLDINGS, LTD.

By: 

Name:

Title: