Exhibit 10.29

EXPEDIA CONFIDENTIAL

October 29, 2010

David Cathcart

Chief Financial Officer

TRX, Inc.

2970 Clairmont Road

Suite 300

Atlanta, GA 30329

 

Re: Third Letter of Amendment

Dear David:

The purpose of this Third Letter of Amendment effective October 15, 2010, is to
further document certain amendments to the pricing and other terms set forth in
the Master Service Agreement, dated January 1, 2007, as amended by Amendment #1
on March 30, 2007, Letter of Amendment dated February 19, 2009, and Second
Letter of Amendment dated December 23, 2009, as amended, and associated exhibits
and Statements of Work thereunder (collectively, the “Agreement”) between
Expedia, Inc. (“Expedia”) and TRX, Inc. (“TRX”), and/or their respective
subsidiaries. Capitalized terms, where not defined herein, will have the
meanings set forth in the Agreement. Expedia and TRX now agree to further amend
the Agreement as follows:

 

  1) Section 2.1 of the Master Services Agreement shall be deleted in its
entirety and replaced with the following:

“2.1 Term. The term of this Agreement will commence on the Effective Date and
will continue to be valid and binding between the Parties until the earlier of;
(a) December 31, 2012 (the “Initial Term”), or (b) the termination of this
Agreement as set forth in Article 11.”

 

  2) Pricing for Common Services. Beginning 1 January 2011, the pricing in
Appendix 1 to Exhibit B (Pricing for Common Services) shall be modified in
accordance with the pricing set forth in the attached Exhibit 1.

 

  3) * for * Services. In the event that * under all Statements of Work for
Services performed * exceed * during the * or * during the *, then, the
following shall apply:

*

* Confidential Treatment Requested

 

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Exclusivity for Certain * Processes. During 2011 and 2012, except as otherwise
agreed by the Parties in writing, TRX will be the exclusive third-party provider
of the Services listed in the attached Exhibit 2 for the * Points of Sale (the
“Select Services”). Notwithstanding the foregoing, the Parties agree that:

 

  (a) The foregoing exclusivity shall not apply to Expedia’s use of *

 

  (b) Additionally, Expedia may use, * to perform *, provided, that *

 

  (c) TRX shall have no liability of any kind for the performance of any such
Services that Expedia performs without the involvement of TRX; and

 

  (d) Upon reasonable notice from TRX, Expedia will furnish TRX with * for the
purpose of verifying

 

* Confidential Treatment Requested

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Expedia’s compliance with the terms of this section. Any such information
provided by Expedia to TRX shall be deemed Expedia Confidential information.

 

  4) Training of *. During 2011 and 2012, at Expedia’s request, TRX will provide
reasonable assistance to (a) design/enhance training curriculum and/or (b) train
the *, so long as Expedia is current in its payment obligations to TRX. The
specific scope of services will be defined in Statements of Work and mutually
agreed by the parties. Such training services will be provided by TRX using
commercially reasonable efforts, and TRX shall have no liability of any kind for
the success of the training services. Additionally, such training services will
be billed at the hourly rates set forth in Appendix 1 of Exhibit B of the
Agreement, unless otherwise specified in the Statement of Work. Expedia will
reimburse TRX for all travel and travel related expenses incurred in connection
with such training services. Such expenses must be approved by Expedia in
advance and billed to Expedia without additional markup or administrative fees.

 

  5) *. TRX will continue to * than those described in Exhibit 3 of the Letter
of Amendment dated February 19, 2009. Notwithstanding the foregoing, TRX agrees
to use commercially reasonable efforts to *.

 

  6) Pricing for *. Beginning 1 January 2011, the pricing for * in the *
Statement of Work dated January 1, 2007 shall be modified to be *. All other
terms of this Statement of Work shall remain the same.

 

  7) Exclusivity *. The exclusivity set forth in this Third Letter of Amendment
shall *

 

  8) Except as expressly set forth in this Third Letter of Amendment, the
Agreement will remain in full force and effect in accordance with its terms.

 

* Confidential Treatment Requested

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Please acknowledge your agreement to the foregoing by signing in the space
provided below and returning a signed copy to me as soon as possible. If you do
not agree with any of the foregoing, please contact me as soon as possible so
that we can determine how best to proceed.

 

Yours truly,

 

Expedia, Inc.

/s/ Dominique Bourgault Dominique Bourgault Vice President, Finance - PSG

Acknowledged and Agreed:

TRX, Inc.

 

By:

 

/s/ David D. Cathcart

Title:

  Chief Financial Officer

Date Signed:    1 November 2010

 

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EXHIBIT 1

MODIFIED PRICING FOR COMMON SERVICES

*

 

* Confidential Treatment Requested

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*

 

* Confidential Treatment Requested

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*

 

* Confidential Treatment Requested

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EXHIBIT 2

SELECT SERVICES

*

 

* Confidential Treatment Requested

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