**Exhibit 4.27**

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This Agreement is made by way of deed  on 8th April 2002 between Vimal Khosla and **Last Minute Network  Limited** trading as lastminute.com of 4 Buckingham Gate, London SW1E 6JP  (“the company”).

**WHEREAS** it is the intention  of the parties that this document be executed as a deed.

| 1. | **JOB TITLE/DUTIES** |
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| 1.1 | Your job title is Director, Flights. |
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| 1.2 | You shall be appointed to the Board of Directors      of lastminute.com plc at the board meetings on 8th April 2002. |
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| 2. | **STARTING DATE** |
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| 2.1. | Your employment with Last Minute      Network Limited will start on 8th April 2002 and shall continue until either      party gives to the other notice in writing in accordance with clause 2.2.      Your previous employment with Globepost Limited, a wholly owned subsidiary      of the Company, will count for the purposes of continuous purposes. |
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| 2.2. | Subject to clause 2.3 we may      terminate your employment at any time by giving you four month's notice      in writing. |
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|   | Unless otherwise agreed, you will give us      a minimum of four month’s notice of your leaving. |
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| 2.3. | If you are guilty of gross misconduct      including dishonesty, gross negligence or any other serious misconduct,      we shall be entitled to terminate your employment with immediate effect. |
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| 2.4. | You may be required by us in      our absolute discretion not to attend your place of work at any time and      not to perform any duties for the Company or to perform only such duties,      specific projects or tasks as are assigned to you expressly by the Company,      for such period and at such place or places (including, without limitation,      your home) as the Company deems necessary, provided that you will be entitled      to receive full pay during such period. |
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| 3. | **PERIOD OF CONTINUOUS EMPLOYMENT** |
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|   | Your period of continuous employment      with us will start on 8th April 2002. Your previous employment with Globepost      Limited is recognised as part of continuous employment. |
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| 4. | **REMUNERATION** |
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| 4.1. | Your salary is £75,000      per annum, payable in equal monthly installments in arrears by direct transfer      into your bank account on or before the last day of each month. Your salary      will accrue from day to day and will be adjusted during the month in which      you start and finish your employment with us according to the number of      days you work during that month. |
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|   | You will also be entitled to an annual travel      allowance of £8,400, which will be paid along with your salary on      a quarterly basis in arrears. |
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|   | Such payments will be subject to deductions      for tax and national insurance and any other deductions that may be required      from time to time. |
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| 4.2. | Your salary will be reviewed      by the Board annually on the anniversary of the commencement of your employment. |
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| 4.3. | We shall be entitled to make      deductions from your remuneration in respect of any overpayments made to      you by us or any other amounts outstanding from you to us. |
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| 5. | **EXPENSES** |
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|   | We will reimburse to you during      your employment (against receipts or other appropriate evidence) all expenses      properly and reasonably incurred by you in the course of your duties. |
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| 6. | **WORKING HOURS** |
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|   | Your normal working hours are      from 9.30 am to 6.30 pm Monday to Friday, with a one-hour lunch break, but      the requirements of your employment do call for some flexibility and you      will be expected to work slightly different hours from time to time. In      particular you agree, where necessary, to work on average in excess of 48      hours per week. |
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| 7. | **PLACE OF WORK** |
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|   | Your normal place of work is      at 4 Buckingham Gate, London SW1E 6JP or at 322 Kennington Park Road, London,      SE11 4PX |
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| 8. | **HOLIDAYS AND HOLIDAY PAY** |
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|   | Your holiday entitlement is 25      days per year, plus all statutory, bank and public holidays in England and      Wales. Deductions from the final salary due to you on the termination of      your employment will be made in respect of any holidays taken in excess      of your entitlement. You will be entitled to any pay in lieu of holiday      accrued but not taken only at the end of your employment save where it has      been terminated in accordance with clause 2.3. During holidays you are entitled      to your normal rate of pay. |
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| 9. | **ABSENCE THROUGH SICKNESS OR      INJURY AND SICKNESS PAY** |
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| 9.1. | In the event of sickness or injury      you are to send promptly to us a self-certificate, in a form obtainable      from the office for an absence of up to seven days and thereafter an intermediate      certificate each week signed by a medical practitioner until your return      to work. |
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| 9.2. | You shall continue to be paid      and continue to be entitled to any other contractual benefits during absence      due to illness, accident or other incapacity for a total of 13 weeks in      any period of fifty-two consecutive weeks. For any additional or continuing      absence after that due to illness, accident or other incapacity, payment      of salary and continued provision of contractual benefits under this Agreement      shall be at the discretion of the Company. |
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| 9.3. | Any payment of salary or provision      of benefits shall be inclusive of any statutory sick pay or social security      benefits to which you may be entitled. You are required to co-operate in      the maintenance of necessary records for Statutory Sick Pay purposes and      for the purpose of calculating entitlement to Statutory Sick Pay applicable      to your employment. Qualifying days are Monday to Friday. |
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| 9.4. | Subject to the provisions of      the Access to Medical Reports Act 1988, you agree to be examined at our      expense by a doctor nominated by us if at any time we so request and you      authorise such doctor to disclose and to discuss with us and our advisers      the results of such examinations. |
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| 10. | **PENSION SCHEME, INSURANCES      AND HEALTHCARE** |
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|   | A Contracting Out Certificate      is not in force in respect of your employment. |
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|   | You will eligible to participate      in the Company healthcare scheme. |
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| 10. | **SHARE OPTIONS** |
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|   | The Company has introduced a      Share Option Scheme (‘the Scheme’) in which, subject to the      rules of the Scheme in force from time to time, you may be eligible to participate      after six months employment with the company. |
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| 11. | **CONFIDENTIALITY** |
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| 11.1. | You shall not during or at any      time after the termination of your employment with the Company use for your      own purposes or disclose to any third party any Confidential Material and      shall use your best endeavours to prevent such publication or disclosure. |
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| 11.2. | All Confidential Material and      all other documents, papers and property which may have been made or prepared      by you, or at your request or have come into your possession or under your      control in the course of your employment or which relate in any way to the      Company, the business (including prospective business) or affairs of the      Company or of any customer, supplier, agent, distributor or sub-contractor      of the Company shall as between the Company and you be deemed to be the      property of the Company. You shall deliver up all such documents and other      property, including all copies, to the Company immediately upon the termination      of your employment or at any earlier time on demand. |
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| 11.3. | You shall immediately inform      the Company if you become aware of the possession, use or knowledge of any      of the Confidential Material by any person not authorised to possess, use      or have knowledge of the Confidential Material, whether during or after      your employment and shall at the Company’s request provide such reasonable      assistance as is required to deal with such event. |
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| 11.4. | The provisions of this clause      shall not apply to any Confidential Material which is in or enters the public      domain other than by breach of this agreement, is obtained from a third      party who is lawfully authorised to disclose such information, or is authorised      for release by the prior written consent of the Board. |
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| 11.5. | Nothing in this clause shall      prevent you from disclosing Confidential Material where it is required to      be disclosed by judicial, administrative, governmental or regulatory process      in connection with any action, suit, proceeding or claim or otherwise by      applicable law. |
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|   | For the purpose of this clause "Confidential      Material"means any information relating to the Company or the business,      prospective business, technical processes, computer software (both source      code and object code), intellectual property rights or finances of the Company,      or compilations of two or more items of such information whether or not      each individual item is in itself confidential, including without limitation      price lists, lists of customers and suppliers (both current and those who      were customers or suppliers during the previous two years), which comes      into your possession by virtue of your employment, and which the Company      regards, or could reasonably be expected to regard, as confidential, whether      or not such information is reduced to a tangible form or marked in writing      as "confidential", and any and all information which has been or may be      derived or obtained from any such information**.** |
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| 12. | **RESTRICTIONS** |
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| 12.1. | You agree that you will not either      alone or jointly with another or others, whether as principal agent, director,      partner, shareholder, employee, company or in any other capacity, whether      directly or indirectly through any other person, firm or company and whether      for your own benefit or that of others:- |
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|   | 12.1.1 | for 6 months after the termination      of your employment be employed in or engaged by or interested or concerned      in a Competing Business ( or part thereof) any country in Europe in which      on the termination of your employment to the Company is operating; |
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|   | 12.1.2 | for 6 months after the termination      of your employment entice, induce or encourage a Customer or a Prospective      Customer to transfer or remove custom from the Company; |
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|   | 12.1.3 | for 6 months after the termination      of your employment solicit or accept business from a Customer or a Prospective      Customer for the supply of Relevant Services; |
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|   | 12.1.4 | for 6 months following the termination      of your employment, for a Competing Business solicit, interfere with or      endeavour to entice away or engage or employ or offer employment to (or      procure or assist the soliciting, interference with, enticement, engagement,      employment or offering) any Employee, or do any act whereby such Employee      is encouraged to terminate his employment, appointment or contract with      us, whether or not such person would by reason of terminating his service      with us commit a breach of his contract. |
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| 12.2. | You must not at any time during      or after the termination of your employment use any name used by the Company      at the date of the termination of your employment or any name likely to      cause confusion with it in the minds of members of the public for the purposes      of a Competing Business whether by using such name as part of a corporate      name or otherwise. |
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| 12.3. | You must not at any time after      the termination of your employment represent yourself as being employed      by the Company. |
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|   | For the purpose of this clause:- |
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|   | "Competing Business" means a business or concern      which is engaged in a business competitive with that carried out by the      Company at the date of termination of your employment with which you have      been involved during the 12 months preceding such date; and |
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|   | "Customer" means any person, firm or company      who during the 12 months preceding the date of termination of your employment      was a customer of the Company (whether or not services were actually provided      during such period) for the purpose of a Relevant Business and with      whom you materially dealt during that period or were in possession of confidential      information about such customer in the performance of your duties for the      Company; and |
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|   | "Employee" means any of our employees, directors,      consultants or independent contractors at the date of termination of your      employment or who was such an employee, director or independent contractor      at any time in the 12 months preceding such date and in each case who worked      or provided services in a senior executive, managerial, sales, programming      or design capacity or has confidential information relating to our business      or contact with any Customer or Prospective Customer and with whom you had      material dealings in the performance of your duties during the 12 months      immediately preceding the date on which your employment terminates; and |
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|   | "Prospective Customer" means any person, firm      or company with whom at the date of termination of your employment the Company      is or has during the 3 months preceding such date been in negotiations (save      where the Company has broken off such negotiations) with a view to such      person, firm or company becoming a customer of such company and with whom      you were involved in such negotiations or services; and |
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|   | "Relevant Business" means any business of      the Company in which, pursuant to your duties, you were materially involved      at any time during the 12 months preceding the date of termination of your      employment; and |
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|   | "Relevant Services" means goods or services      competitive with those which on the termination of your employment the Company      was supplying or negotiating or actively and directly seeking to supply      to a Customer for the purposes of a Relevant Business. |
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| 12.4. | Each of the restrictions contained      in this clause constitutes an entirely separate and independent restriction      and is considered by the parties to be reasonable and necessary for the      protection of the legitimate interest of the company but, if any such restriction      or part of it shall be found void, invalid, illegal or unenforceable by      any court of competent jurisdiction but would be valid if some words were      deleted from it, or the period of it reduced, or area covered or range of      activities reduced, such restriction shall apply with such modification      as may be necessary to make it valid and effective. |
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| 12.5. | In the event of any clause or      part of a clause contained in this Agreement being declared invalid or unenforceable      by any court of competent jurisdiction, all other clauses or parts of clauses      contained in this Agreement shall remain in full force and effect and shall      not be affected thereby. |
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| 13. | **INTELLECTUAL PROPERTY** |
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| 13.1. | If during the term of your employment      you create any invention, copyright work, database, discovery or process      or any improvement of any kind ("Work") relating or capable of being applied      to the business of the Company, then any intellectual property right arising      or obtainable in respect of any such Work shall be the property of the Company.      You shall at our request and expense do all acts necessary to secure appropriate      forms of protection for the intellectual property and/or vest ownership      fully in the Company. |
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| 13.2. | Decisions as to the protection      or exploitation of any intellectual property shall be in the absolute discretion      of the Company. |
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| 13.3. | You hereby irrevocably appoint      the Company to be your attorney in your name and on your behalf to execute      documents, to use your name and to do all things which may be necessary      or desirable for the Company to obtain for itself or its nominees the full      benefit of the intellectual property and you agree that a certificate in      writing, signed by and director or the secretary of the Company or any instrument      or act which falls within the authority hereby conferred shall be conclusive      evidence that such is the case so far as any third party is concerned. |
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| 14. | **DISCIPLINARY RULES AND GRIEVANCE      PROCEDURES** |
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|   | Any matter of discipline will      be considered and determined by the Board of directors of the Company, whose      decision will be final. If you have any grievance relating to your employment,      you should apply in writing to the Chairman of the Company. |
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| 15. | **HEALTH AND SAFETY** |
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|   | The policy of the Company is      to regard the promotion of health and safety measures as a mutual objective      for management and employees at all levels. |
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| 16. | **COMPANY RECONSTRUCTION** |
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|   | You will have no claim in respect      of the termination of your employment if: |
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| 16.1. | such termination is by reason      only of the liquidation of your employer for the purposes of amalgamation      or reconstruction; and |
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| 16.2. | you are offered comparable employment      with a company resulting from such amalgamation or reconstruction on terms      no less favourable than the terms hereof. |
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| 17. | **OTHER AGREEMENTS** |
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|   | All other statements (if any)      of the terms of your employment are hereby abrogated and superseded. There      are no collective agreements which directly affect the terms and conditions      of your employment. |
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| 18. | **CHANGES IN PARTICULARS OF      EMPLOYMENT** |
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|   | Any change in the above particulars      will be notified in writing to you within one month of the change. |
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| 19. | **CHOICE OF LAW** |
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|   | This agreement shall be governed      by English law and each party submits to the non-exclusive jurisdiction      of the English courts. |
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| 20. | **CHANGES IN PARTICULARS OF      EMPLOYEE** |
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|   | You must notify us in writing: |
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| 20.1. | of any change in your name, address,      marital status or next-of-kin within one month of such change; and |
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| 20.2. | forthwith of your conviction      for a criminal offence or if you become bankrupt, apply for or have made      against you, a receiving order, make any composition with your creditors      or commit any act of bankruptcy. |
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IN WITNESSwhereof this Agreement has  been executed as a deed and delivered the day and year first before written.

**EXECUTED**as a deed by  Last Minute Network Limited  acting by 

Director

Director/Secretary

**SIGNED**as a deed by

Vimal Khosla

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Witness

Address

 

Occupation

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