Document:

Exhibit 10.2

 

CONSENT

 

This  CONSENT
(this “Agreement”) is made as of September 13, 2022 (the “Effective Date”)
between Soluna Holdings, Inc., Nevada corporation (the “Company”), and the undersigned holder (the “Holder”)
of Series B Convertible Preferred Stock (the “Series B Preferred Stock”) of the Company.

 

Recitals

 

Whereas,
the Holder purchased from the Company, and the Company sold to the Holder, the Series B Preferred Stock pursuant to that certain
Securities Purchase Agreement dated as of July 19, 2022 (the “Purchase Agreement”). All terms used herein
that are defined in the Purchase Agreement and not otherwise defined herein shall have the meanings ascribed to them in the Purchase
Agreement;

 

Whereas,
Section 4.11(a) of the Purchase Agreement provides, among other things, that from the date thereof until the earlier of (i) three
(3) years after the Closing Date, and (ii) if any amount in excess of an aggregate of $500,000 of all Series B Preferred Stock
or at least 100,000 Warrants remains outstanding, the Company shall not issue, enter into any agreement to issue or announce the
issuance or proposed issuance of any shares of Common Stock or Common Stock Equivalents, preferred stock, or equity of the Company
at a price or effective price that is less than the highest price per share of the securities issued or issuable in the offering
including but not limited to the Warrants and the Warrant Shares; and

 

Whereas,
the Company intends to enter into an Addendum Amendment (the “Amendment”) between the Company and the
holders (the “Noteholders”) of the Company’s Secured Convertible Notes, due October 25, 2022, substantially
in the form attached as Exhibit A hereto, pursuant to which, among other things, the Company would issue to the Noteholders
Common Stock and Common Stock equivalents at a price or effective price that is less than the highest price per share of the securities
issued or issuable in the offering including but not limited to the Warrants and the Warrant Shares.

 

Now,
Therefore, in consideration of the mutual promises and other good and valuable consideration set forth herein, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Holder, intending to be legally bound, hereby agree as follows:

 

Agreement

 

1.
   Consent. The Holder hereby consents to the Company entering into and performing the Amendment and the
issuance of any and all Common Stock and Common Stock Equivalents pursuant thereto, and further acknowledges and agrees that the
execution and performance of the Amendment and any and all documents related thereto will not constitute a default or event of
default under the terms of the Purchase Agreement or any of the Transaction Documents. The consent set forth herein shall be effective
only in this specific instance and for the specific purpose set forth herein and does not allow for any other or further departure
from the terms and conditions of the Purchase Agreement or any other Transaction Document, which terms and conditions shall continue
in full force and effect.

 

2.
   Warrants. In consideration of the consent provided for in paragraph 1, the Company shall issue to the
Holder warrants to purchase shares of Common Stock in the form attached as Exhibit B hereto in the amounts forth on Schedule
A hereto.

 

3.
   Miscellaneous.

 

(a)    
This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of
which shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of
an executed counterpart of this Agreement by facsimile or electronic mail shall be equally effective as delivery of an original
executed counterpart of this Agreement.

 

     

     

    

 

(b)    
Section and paragraph headings herein are included for convenience of reference only and shall not constitute a part of this Agreement
for any other purpose.

 

(c)    
This Agreement shall be governed by, and construed in accordance with, the laws of the State of Nevada.

 

(d)    
The Company hereby acknowledges and agrees that this Agreement constitutes a “Transaction Document” under
the Purchase Agreement. Accordingly, it shall be an Event of Default under the Purchase Agreement if (i) any representation or
warranty made by the Company under or in connection with this Agreement shall have been untrue, false or misleading in any material
respect when made, or (ii) the Company shall fail to perform or observe any term, covenant or agreement contained in this Agreement.

 

(e)    
Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting the validity
or enforceability of such provision in any other jurisdiction.

 

[Remainder of page intentionally left
blank]

 

    2

     

    

 

In
Witness Whereof, the parties hereto have executed and delivered this Agreement as of the Effective Date.

 

	 	Soluna Holdings, Inc.
	 	 	 
	 	By:	 
	 	 	Name: Michael Toporek
	 	 	Title: CEO
	 	 	 
	 	Holder
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    3

     

    

 

Schedule A

 

	
        NEW CLASS D WARRANTS 

($3.50 exercise price)
	
        NEW CLASS E WARRANTS 

($4.50 exercise price)
	
        NEW CLASS F WARRANTS 

($5.50 exercise price)
	
        NEW CLASS G WARRANTS 

($7.50 exercise price)

	100,000 	100,000	100,000	100,000

 

    4

     

    

 

Exhibit A

 

Addendum Amendment

 

    5

     

    

 

Exhibit B

 

Warrants

 

    6ex101ehagmt

      TRANSITION & SERVICES AGREEMENT  THIS TRANSITION & SERVICES AGREEMENT (this “Agreement”) is made by and between Eric  Hart (“Employee”) and Expedia Inc., a Washington corporation (the “Company”) (collectively referred to  herein as the “Parties” or individually referred to as a “Party”).   RECITALS  A. Employee is employed by the Company, a wholly-owned subsidiary of Expedia Group, Inc.  (“Parent”), pursuant to that certain Amended and Restated Employment Agreement by and between  Employee and the Company, dated as of November 1, 2019 (the “Employment Agreement”);  B. Employee has agreed to be bound to those certain restrictive covenants and other obligations set forth  in Section 2 of the Standard Terms and Conditions affixed to the Employment Agreement (the  “Employment Agreement Covenants”);  C. Employee currently serves on the Supervisory Board of Directors of Trivago N.V. (“Trivago”) (the  “Trivago Board”);   D. Employee currently serves on the Board of Directors of Global Business Travel Group, Inc. (“GBT”)  (the “GBT Board”);  E. Employee has previously been granted the awards of stock options (“Options”), restricted stock units  (“RSUs”) and performance stock units (“PSUs”), each covering shares of Parent’s common stock, set  forth on Exhibit A hereto (as may be updated to reflect the number of outstanding Options, RSUs  and/or PSUs as of the Separation Date (as defined below)) (such awards of Options, RSUs and PSUs,  collectively, the “Awards”), pursuant to the Fifth Amended and Restated Expedia Group, Inc. 2005  Stock and Annual Incentive Plan (as may be amended and/or amended and restated from time to time,  the “Equity Plan”) and applicable award agreements between Employee and Parent that evidence the  grant of such Awards (the “Award Agreements”);   F. Employee and the Company have mutually agreed to terminate Employee’s employment with the  Company as provided herein, effective October 1, 2022 (the “Separation Date”);  G. In connection with and following Employee’s termination of employment, the Company wishes to   continue to secure the services of Employee, and Employee wishes to  continue to serve, (i) as a  member of the Trivago Board and (ii) as a member of the GBT Board, in each case, on the terms and  conditions set forth herein, effective as of the Separation Date  (such services, together, the “Board  Services”); and  H. The Parties wish to provide for the smooth transition of Employee’s duties and responsibilities, to  provide separation pay to ease Employee’s transition from the Company, and to resolve any and all  disputes, claims, complaints, grievances, charges, actions, petitions, and demands that the Employee  may have against the Company and any of the Releasees (as defined below), including, but not limited  to, any and all claims arising out of or in any way related to Employee’s employment with or separation  from the Company Group (as defined below).  In consideration of the mutual promises made herein, the Company and Employee hereby agree as  follows:  

 

  2  1. Separation from Service; Company Property.  a. Separation; Transition.  Except as expressly provided in Section 1(d) below, on the  Separation Date (i) Employee’s employment and any other service relationships (if any) (collectively,  “Service”) with the Company, Parent and any and all of their respective subsidiaries and affiliates (together,  the “Company Group”) shall terminate, and (ii) Employee shall cease to be an employee and, if applicable,  officer or other Service provider of each member of the Company Group. From the date hereof through and  including the Separation Date, Employee shall remain in employment with the Company on the same terms  and subject to the same conditions as currently in effect, including cash compensation, incentive equity vesting  and participation in benefits programs. For clarity, Employee acknowledges and agrees that nothing contained  in this Section 1(a) or otherwise in this Agreement shall constitute or give rise to “good reason” or any similar  concept under the Employment Agreement or any other agreement with Employee or entitle Employee to any  severance or separation payments or benefits except as expressly provided in this Agreement.  b. Termination of Employment Agreement. Effective as of the Separation Date, except  as otherwise expressly provided herein, the Employment Agreement and any other employment, service or  other agreements between Employee and the Company, Parent or other member of the Company Group shall  terminate, and neither Employee nor the Company, Parent (or such other member of the Company Group, as  applicable) shall have any further rights or obligations thereunder. Notwithstanding the foregoing, subject to  Section 6 below, the termination of the Employment Agreement and Employee’s Service thereunder did not  and shall not terminate or abridge the Parties’ applicable rights and obligations under the Employment  Agreement Covenants or any other Restrictive Covenants (as defined below), each of which, subject to their  applicable terms and conditions, shall survive such termination and shall remain in full force and effect.  c. Return of Company Property. No later than the Separation Date, or any earlier date  on which the Company so requests, Employee hereby acknowledges and agrees to return to the Company any  and all property and equipment of the Company Group, including, without limitation: (i) all keys, files, lists,  books and records (and copies thereof) of, or in connection with, the Company Group’s business, equipment  (including, but not limited to, computer hardware, software and printers, wireless handheld devices, and  pagers), access or credit cards, Company identification, and all other property belonging to the Company Group  in Employee’s possession or control; and (ii) all documents and copies, including hard and electronic copies,  of documents in Employee’s possession relating to any Confidential Information (as defined in the  Employment Agreement), including without limitation, internal and external business forms, manuals,  correspondence, notes and computer programs, and that Employee has not made or retained, and shall not  make or retain, any copy or extract of any of the foregoing; provided, however, that notwithstanding the  foregoing, Employee may retain Employee’s cell phone (and corresponding cell phone number) and his  Outlook contacts and calendar (together, the “Retained Property”), to the extent that such Retained Property  does not contain any Confidential Information  (and Employee agrees to permit the Company to examine such  Retained Property and remove any such Confidential Information).  d. Board Services.   i. Trivago Board.    A. General. Notwithstanding the foregoing or anything to the contrary  contained herein, and except as set forth in Section 1(d)(i)(B) below, Employee agrees to continue to  serve in good faith and perform all duties and responsibilities in his capacity as a member of the  Trivago Board on such terms and conditions as applicable to other non-employee directors of the  Trivago Board generally until the expiration of Employee’s term as a director on the Trivago Board,  unless removed earlier in accordance with the Trivago Board’s applicable governing documents.   B. Compensation. In consideration of Employee’s Board Services on the  Trivago Board, the Company shall cause Trivago to (i) pay you an annual director fee in the amount  

 

  3  of $250,000 , payable at such times and in such manner as director fees are paid to other non-employee  directors of the Trivago Board generally and pro-rated for any partial year of service (the “Cash  Fees”); and (ii) grant you an option to purchase shares of Trivago common stock with an aggregate  value of $1,000,000 ( as determined by the Trivago Board) (the “Trivago Award”). The Trivago Award  shall be granted to Employee on or as soon as reasonably practicable following the date of this  Agreement and the Cash Fees shall be paid to Employee on or as soon as reasonably practicable  following the 2023 annual meeting of Trivago’s stockholders (but, in no event later than December  31, 2023), in each case, subject to approval by the Trivago Board and the Trivago stockholders and  further subject to Employee’s continued service on the Trivago Board through January 15, 2023. The  Award will vest quarterly based on Employee’s continued Board Service on the Trivago Board  following the grant date over a period determined by the Trivago Board, but not to exceed three (3)  years in any event, provided, that the Trivago Award shall vest in full (to the extent then-outstanding  and unvested) upon the occurrence of a “change in control” of Trivago (to be defined in the applicable  Trivago Award agreement in a manner consistent with how such term is defined in award agreements  with Trivago senior executives), and will be subject to customary terms and conditions as set forth in  an award agreement evidencing the Trivago Award. The Trivago Award will be subject to and  governed in all respects by the terms and conditions contained in the Trivago N.V. 2016 Omnibus  Incentive Plan and such Trivago Award agreement.  ii. GBT Board.   A. General. Notwithstanding the foregoing or anything to the contrary  contained herein, Employee agrees to continue to serve in good faith and perform all duties and  responsibilities in his current capacity as a member of the GBT Board on such terms and conditions  as applicable to other non-employee directors of the GBT Board generally until the expiration of  Employee’s term as a director on the GBT Board, unless removed earlier in accordance with the GBT  Board’s applicable governing documents.   B. Compensation. In consideration of Employee’s Board Services on the  GBT Board, effective as of the Separation Date, Employee shall be eligible to receive such cash fees  and/or equity or equity-based incentives as provided to other non-employee directors of the GBT  Board generally under the GBT Non-Employee Director Compensation Policy from time to time.  iii. Independent Contractor Status.  The Parties hereto acknowledge and agree  that, following the Separation Date (including during the term of Employee’s Board Services),  Employee is and shall be solely an independent contractor and neither Employee nor any principal,  employee or contractor of Employee shall be construed to be an employee of the Company, Trivago  or GBT in any matter under any circumstances or for any purposes whatsoever.  Nothing in this  Agreement shall establish an agency, partnership, joint venture or employee relationship between the  Company, Trivago or GBT and Employee, and Employee shall not represent himself as an employee  or officer of the Company, Trivago or GBT.  The Company and Employee agree and acknowledge  that neither party hereto renders legal, tax or accounting advice to the other party.  Without limiting  the generality of the foregoing, neither the Company, Trivago nor GBT (i) shall pay, on the account  of Employee or any principal, employee or contractor of Employee, any unemployment tax or other  taxes required under the law to be paid with respect to employees and shall not withhold any monies  from the fees payable pursuant to this Section 1(d) for income or employment tax purposes, and (ii)  shall provide Employee or any principal, employee or contractor of Employee with, and no such  individual shall be eligible to receive from any such entity, any plan benefits, including without  limitation, any pension, health, welfare, retirement, workers’ compensation or other insurance benefits.   Employee shall be solely responsible for all taxes arising in connection with any fees or other  compensation paid to Employee under this Section 1(d), including without limitation any and all  federal, state, local and foreign income and employment taxes.   

 

  4  iv. Indemnification. Employee agrees to indemnify and hold harmless the  Company and its directors, officers and employees from and against all taxes, losses, damages,  liabilities, costs and expenses, including attorneys’ fees and other legal expenses, arising directly or  indirectly from or in connection with (i) any grossly negligent, reckless or intentionally wrongful act  of Employee, (ii) any breach by the Employee of any of the Restrictive Covenants, or (iii) any failure  of Employee to perform the Board Services in accordance with all applicable laws, rules and  regulations.  2. Severance.    a. Payment of Severance Benefits.  Subject to Section 11 below, in consideration of, and  subject to and conditioned upon, Employee’s: (i) continued employment with the Company on the terms set  forth herein through the Separation Date; (ii) continued compliance with the terms and conditions of this  Agreement (including without limitation, with regard to the Restrictive Covenants and Board Services); and  (iii) timely execution (within twenty-one (21) days following the Separation Date) and non-revocation of the  general release and waiver set forth on Exhibit B hereto (the “Second Release” and, together with the Initial  Release (as defined below), the “Releases”), then, in addition to the Accrued Obligations (as defined below),  the Company shall pay or provide Employee the following (collectively, the “Severance Benefits”):  ii. Salary Severance. The Company shall pay Employee cash severance in the  amount of $950,000, representing the equivalent of twelve (12) months of Employee’s base salary,  less applicable tax withholding and deductions (the “Salary Severance”), payable in substantially  equal biweekly installments in accordance with the Company’s regular payroll practices over the  twelve (12)-month period following the Separation Date (the “Severance Period”), with the first  installment payment to be made on the first regularly scheduled Company payroll date (the “First  Payroll Date”) following the date on which the Second Release becomes effective and irrevocable (the  “Release Effective Date”), with any such amounts otherwise payable prior to the First Payroll Date to  be paid instead on such First Payroll Date; provided, that notwithstanding the foregoing, if the period  during which Employee is entitled to consider and/or revoke the Second Release spans two (2) calendar  years, then in no event shall the First Payroll Date occur prior to the first regularly scheduled Company  payroll date occurring in the latter such calendar year.   iii. COBRA Payment. In addition to the Salary Severance, the Company shall pay  Employee additional cash severance in the amount of $25,706, representing the approximate cost of  the premiums for twelve (12) months of healthcare benefits premiums under Section 4980B  (“COBRA”) of the Internal Revenue Code of 1986 (as amended, the “Code”) based on Employee’s  elections as in effect on the Separation Date, less applicable tax withholding and deductions, payable  in a single lump sum cash payment on the First Payroll Date (the “COBRA Benefit”).   iv. Equity Treatment. With respect to Employee’s Awards, a complete and  accurate list of which is set forth on Exhibit A hereto, notwithstanding anything to the contrary  contained in the Award Agreements, Equity Plan, Employment Agreement or otherwise (including,  for clarity and without limitation, the definition of “Termination of Employment” contained in the  Equity Plan):   A. Stock Options. With respect to each outstanding Award of Options  set forth on Exhibit A hereto (i.e., all Options held by Employee as of the Separation Date, all of which,  for clarity, have vested in full) the number of shares of Parent common stock listed as “Vested Options”  on Exhibit A, may be exercised for shares of Parent common stock in accordance with the timing and  other requirements set forth on Exhibit A hereto or otherwise in the applicable Award Agreement, but  in no event beyond the expiration date applicable to the Option(s).  

 

  5  B. Restricted Stock Units. With respect to each outstanding Award of  RSUs set forth on Exhibit A hereto (i.e., all RSUs held by Employee as of the Separation Date), subject  to and conditioned upon each Release becoming effective in accordance with its terms, effective as of  the Separation Date, the number of RSUs listed as “Accelerating RSUs” on Exhibit A shall accelerate  and vest in full, and the remaining number of RSUs subject to such Award (if any) listed as “Forfeited  RSUs” on Exhibit A shall automatically and without any further action by the Parties hereto or  payment in respect thereof be cancelled and terminated on the Separation Date. The Accelerating RSUs  (if any) shall be settled in shares of Parent common stock in accordance with the timing and other  requirements set forth in the applicable Award Agreement.  C. Performance Stock Units. With respect to each outstanding Award of  PSUs set forth on Exhibit A hereto, subject to and conditioned upon each Release becoming effective  in accordance with its terms, effective as of the Separation Date, (i) the number of PSUs listed as  “Accelerating PSUs” on Exhibit A shall accelerate and vest in full (and be settled currently in  accordance with the timing applicable to vested PSUs under the Award Agreement); (ii) the number  of PSUs listed as “Adjusted Target PSUs” on Exhibit A shall remain outstanding and eligible to vest  in the amounts and upon attainment of applicable performance-vesting criteria as set forth in (and in  accordance with) the applicable Award Agreement (except as otherwise set forth herein); and (iii) the  remaining number of PSUs subject to such Award (if any) listed as “Forfeited PSUs” on Exhibit A  shall automatically and without any further action by the Parties hereto or payment in respect thereof  be cancelled and terminated on the Separation Date. A percentage of the Adjusted Target PSUs as set  forth on Exhibit A as “Vesting Percentages” shall be settled in shares of Parent common stock (based  on the level of at which the applicable performance-vesting criteria are attained) in accordance with  the timing and other requirements set forth in the applicable Award Agreement, as modified by Exhibit  A (if applicable), and any remaining Adjusted Target PSUs (or percentage thereof) shall be forfeited  without payment in accordance with the applicable Award Agreement if and to the extent applicable  performance goals are not attained at 100%. For clarity, except as expressly provided herein, the  Adjusted Target PSUs shall continue to be governed by the terms of the applicable Award Agreement.  b. Offset. Notwithstanding the foregoing or anything to the contrary herein or in any  other agreement (including for clarity the Employment Agreement), Employee acknowledges and agrees that  the Company may, to the maximum extent permitted by law, offset any portion of the Salary Severance and/or  COBRA Benefit dollar-for-dollar by any compensation, benefits or other payments received by or paid to  Employee in respect of any employment, consulting, or other paid service role with an entity other than  Trivago, GBT or any other member of the Company Group (“Subsequent Service”) provided during the  Severance Period. Employee agrees to provide the Company with written notice in advance of commencing  any Subsequent Service setting forth all compensation (including cash and non-cash compensation), benefits  or other payments or perquisites for which Employee will be eligible in connection with the Subsequent Service  (the “Subsequent Service Notice”). Employee further acknowledges and agrees that to the extent Employee  fails to timely provide to the Company any Subsequent Service Notice in accordance with this Section 2(b),  any portion of the Severance Benefits paid or provided to Employee on or after the date on which any  Subsequent Service commences shall be (i) recoupable by the Company against any then-unpaid portion of the  Severance Benefits or (ii) otherwise repaid by Employee to the Company immediately upon demand therefor.  c. Acknowledgements. Employee acknowledges and agrees that Employee’s sole rights  to severance or similar pay or benefits from any member(s) of the Company Group are contained exclusively  in this Agreement from and after the date hereof, and that if Employee resigns employment prior to the  Separation Date, Employee shall not be entitled to the Severance Benefits provided herein (or any other  severance payments or benefits). Employee further acknowledges and agrees that, notwithstanding anything  herein to the contrary, (i) if Employee terminates employment prior to the Separation Date for any reason other  than due to a termination by the Company without Cause (as defined in the Employment Agreement) and/or  materially breaches any terms of this Agreement or the Employment Agreement (including, without limitation,  the Restrictive Covenants); and/or (ii) if Employee declines to timely execute and deliver to the Company (or  

 

  6  revokes) either Release, then, in any of the foregoing cases, any unpaid portion of the Severance Benefits  (including any unpaid Award) shall be forfeited by Employee upon such breach or failure to sign/revocation  (as applicable), and any portion of the Severance Benefits paid or provided to Employee on or after the date of  any such breach or failure to sign/revocation (as applicable) shall be repaid by Employee to the Company  immediately upon demand therefor.   d. Tax Withholding and Other Deductions. All payments payable to Employee  hereunder shall be subject to all tax withholding and deductions required to be administered by any member  of the Company Group pursuant to applicable law, governmental regulation or order, and each member of the  Company Group shall be entitled to deduct and withhold any and all such taxes from such amounts payable  hereunder.   3. Benefits.  Employee’s health insurance benefits as in effect on the date hereof shall cease on  the last day of the month in which the Separation Date occurs, subject to Employee’s right to continue  Employee’s health insurance under COBRA. Employee’s participation in all benefits and incidents of  employment, including, but not limited to, the accrual of bonuses, vacation, and paid time off, ceased as of the  Separation Date.  4. Payment of Salary and Receipt of All Benefits.  The Company Group shall pay to Employee,  on or within thirty (30) days after the Separation Date (or such earlier date as may be required by applicable  law), the aggregate amount of (i) Employee’s earned but unpaid base salary through the Separation Date; (ii)  any unreimbursed business expenses incurred and substantiated by Employee in accordance with Company  policy prior to the Separation Date (if any); and (iii) any accrued but unpaid vacation/paid time off  (collectively, the “Accrued Obligations”). Except as expressly provided herein, other than the Accrued  Obligations (and any vested health or retirement benefits under applicable Company benefit plans, if any,  which shall be governed in accordance with the terms of the applicable plan(s)), Employee is not entitled to  any further payments in connection with or in respect of Employee’s Service with the Company Group or the  termination thereof.  5. Initial Release of Claims.    a. For valuable consideration, the receipt and adequacy of which are hereby  acknowledged, Employee, on Employee’s own behalf and on behalf of Employee’s respective heirs, family  members, executors, agents, and assigns, hereby releases and forever discharges the Company, Parent or other  member of the Company Group and their respective current and former officers, directors, employees, agents,  investors, attorneys, shareholders, administrators, affiliates, benefit plans, plan administrators, professional  employer organization or co-employer, insurers, trustees, divisions, subsidiaries, predecessor and successor  corporations, and assigns (collectively, the “Releasees”) from, and agrees not to sue concerning, or in any  manner to institute, prosecute, or pursue, any claim, complaint, charge, duty, obligation, demand, or cause of  action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected,  which Employee now has or may hereafter have against any of the Releasees arising from any omissions, acts,  facts, damages or otherwise that have occurred up until and including the date Employee signs this Agreement,  including, without limitation:   i. any and all claims relating to or arising from Employee’s employment or other  Service with the Company or other Releasee or the termination of such employment or other Service;   ii. any and all claims relating to, or arising from, fraud, misrepresentation,  breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under  any state or federal law, wrongful discharge of employment, termination in violation of public policy,  discrimination, harassment, retaliation, breach of contract (both express and implied), breach of  covenant of good faith and fair dealing (both express and implied), promissory estoppel, negligent or  intentional infliction of emotional distress, negligent or intentional misrepresentation, negligent or  

 

  7  intentional interference with contract or prospective economic advantage, unfair business practices,  defamation, libel, slander, negligence, personal injury, assault, battery, invasion of privacy, false  imprisonment, conversion, disability benefits, conspiracy, failure to accommodate disability  (including pregnancy), and failure to pay wages, benefits, vacation pay, severance pay, commissions,  equity, attorneys’ fees, or other compensation of any sort; and  iii. any and all claims under any federal, state or municipal statute, including, but  not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Rehabilitation  Act of 1973, the Americans with Disabilities Act of 1990, the False Claims Act, the Equal Pay Act,  the Fair Labor Standards Act, the Fair Credit Reporting Act, the Age Discrimination in Employment  Act of 1967, the Older Workers Benefit Protection Act of 1990, the Employee Retirement Income  Security Act of 1974, the Worker Adjustment and Retraining Notification Act, the Family and Medical  Leave Act of 1993, the Immigration Reform and Control Act, the National Labor Relations Act,  Washington State Law Against Discrimination, as amended, Wash. Rev. Code § 49.60.010 et seq.;  Washington Equal Pay Law, as amended, Wash. Rev. Code § 49.12.175; Washington Sex  Discrimination Law, Wash. Rev. Code § 49.12.200; Washington Age Discrimination Law, Wash. Rev.  Code § 49.44.090; Washington Family Care Act, Wash. Rev. Code §§ 49.12.265 to 49.12.295;  Washington Parental Leave Discrimination Law, Wash. Rev. Code § 49.12.360; Washington  Minimum Wage Act, Wash. Rev. Code § 49.46.005 et seq.; Washington Wage, Hour, and Working  Conditions Law, Wash. Rev. Code §§ 49.12.005 to 49.12.170; Washington Wage Payment and  Collection Law, Wash. Rev. Code § 49.48.010 et seq.  Notwithstanding the foregoing, the general release and waiver contained in this Section 5 (this, “Initial  Release”) shall not operate to release any rights or claims of Employee (i) to the Severance Benefits; (ii) to  accrued or vested benefits Employee may have, if any, as of the date hereof (or as of the Separation Date)  under any applicable health or retirement employee benefit plan of the Company; (iii) to indemnification  pursuant to the Articles or Bylaws of the Company, as applicable, or applicable law; (iv) to assert claims for  workers’ compensation or unemployment benefits, (v) to bring to the attention of the Equal Employment  Opportunity or similar governmental body claims of discrimination, harassment or retaliation; provided,  however, that Employee does release Employee’s right to secure damages for any alleged discriminatory,  harassing or retaliatory treatment; (vi) to any right to communicate directly with, cooperate with, or provide  information to, any federal, state or local government regulator; or (vii) to assert any other rights that may not  be waived by an employee under applicable law. Employee agrees that this Initial Release shall be and remain  in effect in all respects as a complete general release as to the matters released.    EMPLOYEE ACKNOWLEDGES THAT HE OR SHE HAS BEEN ADVISED BY LEGAL  COUNSEL AND IS FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION  1542, WHICH PROVIDES AS FOLLOWS:  “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH  THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR  SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF  EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR  HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER  SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”   EMPLOYEE, BEING AWARE OF SAID CODE SECTION, HEREBY EXPRESSLY  WAIVES ANY RIGHTS HE OR SHE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER  STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT.  b. Acknowledgment of Waiver of Claims under ADEA; Review and Revocation Period.  In consideration of the payments and benefits described herein, including without limitation the Severance  Benefits, Employee acknowledges and agrees that Employee is knowingly and voluntarily waiving and  

 

  8  releasing all claims Employee has or may have against the Releasees as set forth herein, including, without  limitation, all claims arising under the Older Workers’ Benefit Protection Act and the Age Discrimination in  Employment Act of 1967 (“ADEA”). Employee agrees that this waiver and release does not apply to any rights  or claims that may arise under the ADEA after the date Employee signs this Agreement. Employee  acknowledges that the consideration given for this waiver and release is in addition to anything of value to  which Employee was already entitled. Employee further acknowledges that Employee is hereby advised by  this writing that:   i. Employee should consult with an attorney prior to executing this Agreement;   ii. Employee has read the terms of this Agreement, and understands its terms and  effects, including the fact that Employee agreed to release and forever discharge the Company and  each of the Releasees, from any claims released in this Release;  iii. Employee understands that, by entering into this Agreement, Employee does  not waive any claims that may arise after the date of Employee’s execution of this Agreement,  including without limitation any rights or claims that Employee may have to secure enforcement of  the terms and conditions of this Release;  iv. Employee has twenty-one (21) days within which to review and consider this  Agreement; and  v. Employee has seven (7) days following Employee’s execution of this  Agreement to revoke this Release, and this Release shall not become effective until after such  revocation period has expired.  In the event Employee signs this Agreement and returns it to the Company in less than the  twenty-one (21)-day period identified above, Employee hereby acknowledges that Employee had  sufficient time to consider this Agreement and to consult with counsel, that Employee does not desire  additional time and has freely and voluntarily chosen to waive the remainder of such period allotted  for considering this Agreement. This Initial Release will become effective on the eighth (8th) day after  Employee signs this Agreement, so long as it has not been revoked by Employee before that date.  Employee acknowledges and understands that revocation of this Initial Release must be accomplished  by a written notification to Barrie Stone at bstone@expediagroup.com on or before 5:00 p.m. Pacific  time on the seventh (7th) day after this Agreement is executed by Employee. If Employee revokes  this Initial Release in accordance herewith, the Parties acknowledge and agree that (i) the  Company shall have no obligation to pay or provide any component of the Severance Benefits to  Employee and Employee shall have no rights or interest in or with respect thereto, and (ii) the  remainder of this Agreement shall otherwise remain in full force and effect (once executed by  both Parties hereto), and that each Party has received adequate and valuable consideration in  respect thereof.   c. No Pending or Future Lawsuits.  Employee represents that Employee has no lawsuits,  claims, or actions pending in Employee’s name, or on behalf of any other person or entity, against the Company  or any of the other Releasees.  Employee also represents that Employee does not intend to bring any claims on  Employee’s own behalf or on behalf of any other person or entity against the Company or any of the other  Releasees.   6. Restrictive Covenants. In consideration of the Severance Benefits contemplated hereunder,  and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged,  Employee hereby acknowledges and agrees to the obligations set forth in this Section 6 and that Employee  shall continue to be bound by the Employment Agreement Covenants and any other restrictive covenants that  Employee was subject to while an employee of the Company Group, if any (together with the obligations set  

 

  9  forth in this Section 6, collectively, the “Restrictive Covenants”), it being understood that the following  covenants are in addition to, and not in limitation of, such other Restrictive Covenants applicable to Employee:   a. Reserved.   b. Trade Secrets and Confidential Information/Company Property. Employee’s  signature below constitutes Employee’s certification under penalty of perjury that Employee has returned all  documents and other items provided to Employee by any member of the Company Group (with the exception  of a copy of any employee handbook and personnel documents specifically relating to Employee), developed  or obtained by Employee in connection with Employee’s Service, or otherwise belonging to any member of  the Company Group.   c. Cooperation.  Subject to Section 6(d) below, Employee agrees that Employee will not  knowingly encourage, counsel, or assist any attorneys or their clients in the presentation or prosecution of any  disputes, differences, grievances, claims, charges, or complaints by any third party against any of the Releasees,  unless under a subpoena or other court order to do so or upon written request from an administrative agency  or the legislature or as related directly to the ADEA waiver in this Agreement. Employee agrees both to  immediately notify in writing the Chief Legal Officer of Parent at 1111 Expedia Group Way W., Seattle,  WA 98119 upon receipt of any such subpoena or court order or written request from an administrative agency  or the legislature, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or other  court order or written request from an administrative agency or the legislature. If approached by anyone for  counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims,  charges, or complaints against any of the Releasees, Employee shall state no more than that Employee cannot  provide counsel or assistance. Employee acknowledges that in the course of Employee’s Service, it is possible  Employee gained knowledge and experience and/or was a witness to events and circumstances that may arise  in the defense or prosecution of subsequent legal proceedings involving any member of the Company Group.  Employee agrees to cooperate fully with the Company and/or Parent, including without limitation providing  truthful testimony and meeting promptly with Company counsel, and to timely appear upon reasonable request  (subject to reasonable accommodation for Employee’s then-current commitments and obligations) as a witness  and/or consultant in the defense or prosecution of any claims involving any member of the Company Group,  including but not limited to any litigation, administrative actions or arbitrations. Any efforts undertaken by  Employee at the Company’s request pursuant to this Section 6 shall be at the Company’s expense.  If, following  the Severance Period, the amount or duration of the time required by Employee to provide such cooperation  and assistance (“Cooperation Efforts”) become significant (as determined in good faith by the Company, in  consultation with Employee), the Company will remit payment to you, as an independent contractor, at the rate  of $457 per hour, subject to Employee’s submission of an invoice setting forth the time incurred and a  description of such Cooperation Efforts. For the avoidance of doubt, in no event shall Employee’s provision  of any Board Services constitute Cooperation Efforts and, accordingly, Employee shall not be entitled to any  additional compensation under this Section 6(c) for such Board Services.    d. Protected Activity Not Prohibited.  Employee understands that nothing in this  Agreement shall in any way limit or prohibit Employee from engaging in any Protected Activity (as defined  in the Restrictive Covenants Agreement). Protected Activity includes filing and/or pursuing a charge,  complaint, or report with, or otherwise communicating, cooperating, or participating in any investigation or  proceeding that may be conducted by any federal, state or local government agency or commission, including  the Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Occupational  Safety and Health Administration, and the National Labor Relations Board (“Government Agencies”).  Employee understands that in connection with such Protected Activity, Employee is permitted to disclose  documents or other information as permitted by law, without giving notice to, or receiving authorization from,  the Company. Notwithstanding the foregoing, Employee agrees to take all reasonable precautions to prevent  any unauthorized use or disclosure of any information that may constitute Confidential Information to any  parties other than the Government Agencies. Employee further understands that “Protected Activity” does not  include the disclosure of any attorney-client privileged communications or attorney work product in respect of  

 

  10  any member of the Company Group. Any language in the Employment Agreement or in the Restrictive  Covenants Agreement regarding Employee’s right to engage in any Protected Activity that conflicts with, or  is contrary to, this Section 6 is superseded by this Agreement. In addition, pursuant to the Defend Trade Secrets  Act of 2016, Employee is notified that an individual will not be held criminally or civilly liable under any  federal or state trade secret law for the disclosure of a trade secret that (i) is made in confidence to a federal,  state, or local government official (directly or indirectly) or to an attorney solely for the purpose of reporting  or investigating a suspected violation of law, or (ii) is made in a complaint or other document filed in a lawsuit  or other proceeding, if (and only if) such filing is made under seal. In addition, an individual who files a lawsuit  for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the  individual’s attorney and use the trade secret information in the court proceeding, if the individual files any  document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court  order.   e. Non-disparagement.  Employee agrees to refrain from any disparagement,  defamation, libel, or slander of any of the Releasees, and agrees to refrain from any tortious interference with  the contracts and relationships of any of the Releasees. The Company agrees to use commercially reasonable  efforts to cause its “named executive officers” (within the meaning of Item 402 of Regulation S-K) and  members of the Board to refrain from any disparagement, defamation, libel, or slander of Employee. Employee  shall direct any inquiries by potential future employers to the Company’s human resources department.  f. Certain Acknowledgements.  For the avoidance of doubt, the parties hereto  acknowledge and agree that, notwithstanding anything herein to the contrary: (i) the Restricted Period (as  defined in the Employment Agreement) shall commence on and including the Separation Date and shall end  on the twelve (12)-month anniversary thereof or, if earlier, on the date on which the Company materially  breaches and fails to promptly cure upon written notice thereof Section 2(a) of this Agreement and (ii) in no  event shall Employee’s provision of any Board Services in accordance with the terms of this Agreement  constitute a breach of any of the Restrictive Covenants.   7. Breach; Waiver.  Without limiting the generality of anything herein, Employee  acknowledges and agrees that any material breach of this Agreement, unless such breach constitutes a legal  action by Employee challenging or seeking a determination in good faith of the validity of the waiver herein  under the ADEA, shall entitle the Company immediately to recover and/or cease providing any Severance  Benefits otherwise payable to Employee under this Agreement and to obtain damages, except as provided by  law, and any outstanding obligations of the Company hereunder shall immediately terminate, and the  Company’s covenants hereunder shall be deemed null and void in their entirety. The failure to enforce any  provision of this Agreement shall not be construed to be a waiver of such provision or to affect the validity of  this Agreement or the right of any Party to enforce this Agreement.  8. No Admission of Liability.  Employee understands and acknowledges that with respect to all  claims released herein (and in the Second Release), this Agreement constitutes a compromise and settlement  of any and all actual or potential disputed claims by Employee unless such claims were explicitly not released  by the release in this Agreement. No action taken by the Company hereto, either previously or in connection  with this Agreement, shall be deemed or construed to be (a) an admission of the truth or falsity of any actual  or potential claims or (b) an acknowledgment or admission by the Company of any fault or liability whatsoever  to Employee or to any third party.  9. Costs.  The Parties shall each bear their own costs, attorneys’ fees, and other fees incurred in  connection with the preparation of this Agreement.  10. Tax Consequences.  Neither the Company, Parent nor any other member of the Company  Group makes any representations or warranties with respect to the tax consequences of the payments and any  other consideration provided to Employee or made on Employee’s behalf under the terms of this Agreement.  Employee agrees and understands that Employee is responsible for payment, if any, of local, state, and/or  

 

  11  federal taxes on the payments and any other consideration provided hereunder and any penalties or assessments  thereon. Employee further agrees to indemnify and hold the Releasees harmless from any claims, demands,  deficiencies, penalties, interest, assessments, executions, judgments, or recoveries by any government agency  against the Company for any amounts claimed due on account of (a) Employee’s failure to pay or delayed  payment of federal or state taxes, or (b) damages sustained by the Company by reason of any such claims,  including attorneys’ fees and costs.   11. Section 409A.    a. General.  It is intended that, to the extent applicable, this Agreement comply with, or  be exempt from, Code Section 409A and the final Department of Treasury regulations and official guidance  thereunder, including any such regulations or other such guidance that may be issued after the date hereof  (“Section 409A”) and any ambiguities herein will be interpreted to so comply and/or be exempt from Section  409A. Each payment and benefit to be paid or provided under this Agreement as a series of installment  payments is intended to constitute (and shall be treated as a right to) a series of separate payments for purposes  of Section 1.409A-2(b)(2) of the Treasury Regulations. Notwithstanding any provision of this Agreement to  the contrary, in the event that following the date hereof, the Company determines that any compensation or  benefits payable under this Agreement may be subject to Section 409A, the Company may adopt such  amendments to this Agreement or adopt other policies or procedures (including amendments, policies and  procedures with retroactive effect), or take any other actions that the Company determines are necessary or  appropriate to preserve the intended tax treatment of the compensation and benefits payable hereunder,  including without limitation actions intended to (i) exempt the compensation and benefits payable under this  Agreement from Section 409A, and/or (ii) comply with the requirements of Section 409A, provided, however,  that this Section 11 does not, and shall not be construed so as to, create any obligation on the part of the  Company or other member of the Company Group to adopt any such amendments, policies or procedures or  to take any other such actions.  In no event will any of the Releasees reimburse Employee (or otherwise be  liable for) for any taxes, interest or penalties that are or may be imposed on Employee as a result of Section  409A or any corresponding provision of state or local law.   b. Six-Month Delay.  Notwithstanding anything to the contrary in this Agreement, no  compensation or benefits shall be paid to Employee during the six (6)-month period following Employee’s  “separation from service” with the Company (within the meaning of Section 409A) if the Company determines  that paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution  under Section 409A(a)(2)(B)(i) of the Code.  If the payment of any such amounts is delayed as a result of the  previous sentence, then on the first business day following the end of such six (6)-month period (or such earlier  date upon which such amount can be paid under Section 409A without resulting in a prohibited distribution,  including as a result of Employee’s death), the Company shall pay Employee a lump-sum amount equal to the  cumulative amount that would have otherwise been payable to Employee during such period (without interest).  12. Severability.  In the event that any provision or any portion of any provision hereof or any  surviving agreement made a part hereof becomes or is declared by a court of competent jurisdiction or arbitrator  to be illegal, unenforceable, or void, this Agreement shall continue in full force and effect without said  provision or portion of provision and such action shall not affect the validity or enforceability of the remaining  portions of this Agreement, which shall remain fully valid and enforceable.  13. Entire Agreement; Amendment.  This Agreement, together with the Restrictive Covenants  and applicable Award Agreements evidencing the portion of the Awards not otherwise forfeited hereunder (if  any), represents the entire agreement and understanding between the Company and Employee concerning the  subject matter of this Agreement (including, for the avoidance of doubt, Employee’s employment with the  Company Group and separation from the Company Group and the events leading thereto and associated  therewith), and supersedes and replaces any and all prior agreements and understandings, whether oral or  written, by the Company (or other member of the Company Group) and Employee, or any representative of  the Company or Employee, concerning the subject matter of this Agreement (including, without limitation, the  

 

  12  Employment Agreement (other than the Employment Agreement Covenants, which shall continue in effect in  accordance with their terms)), except as otherwise explicitly modified or superseded herein. This Agreement  may only be amended in a writing signed by Employee and an authorized representative of the Company.  14. Governing Law.  This Agreement shall be governed by the laws of the State of Washington,  without regard for choice-of-law provisions. Employee consents to personal and exclusive jurisdiction and  venue in the State of Washington.   15. Counterparts.  This Agreement may be executed in counterparts and each counterpart shall  be deemed an original and all of which counterparts taken together shall have the same force and effect as an  original and shall constitute an effective, binding agreement on the part of each of the undersigned.  The  counterparts of this Agreement may be executed and delivered by facsimile, photo, email PDF, or other  electronic transmission or signature (including any electronic signature complying with the U.S. federal  ESIGN Act of 2000, e.g., www.docusign.com).  16. Voluntary Execution of Agreement.   Employee acknowledges that:   (a) Employee has read this Agreement in its entirety;  (b) Employee has been represented in the preparation, negotiation, and execution of  this Agreement by legal counsel of Employee’s own choice or has elected not to  retain legal counsel;  (c) Employee understands the terms and consequences of this Agreement and of the  releases it contains;   (d) Employee is fully aware of the legal and binding effect of this Agreement; and  (e) Employee has not relied upon any representations or statements made by the  Company, Parent or other member of the Company Group that are not  specifically set forth in this Agreement.  [Signature Page Follows] 

 

  [Signature Page to Transition & Services Agreement]  IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set  forth below.         EMPLOYEE, an individual    Dated:  September 14, 2022                      /s/ Eric Hart                Name: Eric Hart      THE COMPANY     Expedia, Inc.    Dated:  September 14, 2022               By: /s/ Robert Dzielak        Name: Robert Dzielak      Title:  Chief Legal Officer    

 

      EXHIBIT A  Equity Award Treatment  Options      Award    (1)  Grant Date Exercise  Price  Total  Number of  “Vested  Options”  Immediately  Prior to  Separation  Date  Total  Number of  “Unvested  Options”  Immediately  Prior to  Separation  Date  Number of  “Accelerating  Options”  Number of   “Forfeited  Options”  USA170028 2/28/17 $119.04 13,043 0 0 0  USA180033 3/2/18 $104.50 19,004 0 0 0    Restricted Stock Units  Award Grant Date  Total Number of  “Unvested RSUs”  Immediately  Prior to  Separation Date  Number of  “Accelerating  RSUs”  Number of   “Forfeited RSUs”  USA190031 2/28/19 508 508 0  USA194050 12/6/19 5,914 5,914 0  USA200005 2/28/20 4,753 3,169 1,584  USA204693 11/12/20 2,852 1,901 951  USA210081 2/25/21 10,826 4,331 6,495  USA202203148 3/21/22 11,194 3,198 7,996    Performance Stock Units    Award Grant Date  Total  Number of  “Unvested  PSUs”  Immediately  Prior to  Separation  Date  Number of  “Accelerating  PSUs”  Number of  “Adjusted  Target  PSUs”   Number of   “Forfeited  PSUs”  Vesting  Percentages of  Adjusted  Target PSUs  PERF20008A 2/28/20 6,338 3,169 3,169 0 0 – 200% (2)  PERF20052A 11/12/20 3,802 1,901 1,901 0 0 – 200% (2)  USA210100 2/25/21 17,321 0 11,547 5,774 0 – 200% (3)  USA202203180 3/21/22 12,793 0 4,264 8,529 0 – 200% (3)    (1) With respect to each Option, the Company and Employee acknowledge and agree that the number of Options listed  as “Vested Options” have, as of the Separation Date, vested pursuant to their terms. The Vested Options may, in any  case, be exercised for shares of Parent common stock during the eighteen (18)-month period following the Separation  Date in accordance with the timing and other requirements set forth in the Employment Agreement and/or the applicable  Award Agreement, but in no event beyond the expiration date applicable to the Option.  

 

      (2) For clarity: (i) Adjusted Target PSUs shall only vest if and to the extent that performance goals are attained at levels  sufficient to exceed the 50% vesting level for the applicable Award prior to amendment under this Agreement; (ii) the  0% – 200% Vesting Percentage of the Adjusted Target PSUs applies solely to the Adjusted Target PSUs (not the  original number of target PSUs as of the Grant Date) and shall correlate with the 50% – 150% vesting of the original  Award, applied on a linear basis (i.e., no additional vesting credit shall arise based on performance up to the original  50% performance threshold, and for each percentage of attainment between 50% - 150% of the performance threshold,  2% of the Adjusted Target PSUs shall vest, such that 200% of the Adjusted Target PSUs vest at 150% performance  attainment); and (iii) in no event shall the Adjusted Target PSUs vest as to more than 200% thereof.     (3) For clarity: (i) the Vesting Percentage of the Adjusted Target PSUs applies solely to the Adjusted Target PSUs (not  the original number of target PSUs as of the Grant Date); and (ii) in no event shall the Adjusted Target PSUs vest as to  more than 200% thereof.     

 

      EXHIBIT B  Supplemental Release  1. For valuable consideration, the receipt and adequacy of which are hereby acknowledged, the  undersigned (the “Employee”), on Employee’s own behalf and on behalf of Employee’s respective heirs,  family members, executors, agents, and assigns, hereby releases and forever discharges Expedia Inc., a  Washington corporation (the “Company”), Expedia Group, Inc. (“Parent”) and any and all of their respective  subsidiaries and affiliates and current and former officers, directors, employees, agents, investors, attorneys,  shareholders, administrators, affiliates, benefit plans, plan administrators, professional employer  organization or co-employer, insurers, trustees, divisions, subsidiaries, predecessor and successor  corporations, and assigns (collectively, the “Releasees”) from, and agrees not to sue concerning, or in any  manner to institute, prosecute, or pursue, any claim, complaint, charge, duty, obligation, demand, or cause of  action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected,  which Employee now has or may hereafter have against any of the Releasees arising from any omissions,  acts, facts, damages or otherwise that have occurred up until and including the date Employee signs this  “Release”, including, without limitation:   a. any and all claims relating to or arising from Employee’s employment or other  Service with the Company or other Releasee or the termination of such employment or other Service;   b. any and all claims relating to, or arising from, fraud, misrepresentation, breach of  fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or  federal law, wrongful discharge of employment, termination in violation of public policy, discrimination,  harassment, retaliation, breach of contract (both express and implied), breach of covenant of good faith and  fair dealing (both express and implied), promissory estoppel, negligent or intentional infliction of emotional  distress, negligent or intentional misrepresentation, negligent or intentional interference with contract or  prospective economic advantage, unfair business practices, defamation, libel, slander, negligence, personal  injury, assault, battery, invasion of privacy, false imprisonment, conversion, disability benefits, conspiracy,  failure to accommodate disability (including pregnancy), and failure to pay wages, benefits, vacation pay,  severance pay, commissions, equity, attorneys’ fees, or other compensation of any sort; and  c. any and all claims under any federal, state or municipal statute, including, but not limited  to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Rehabilitation Act of 1973,  the Americans with Disabilities Act of 1990, the False Claims Act, the Equal Pay Act, the Fair Labor  Standards Act, the Fair Credit Reporting Act, the Age Discrimination in Employment Act of 1967, the Older  Workers Benefit Protection Act of 1990, the Employee Retirement Income Security Act of 1974, the Worker  Adjustment and Retraining Notification Act, the Family and Medical Leave Act of 1993, the Immigration  Reform and Control Act, the National Labor Relations Act, Washington State Law Against Discrimination,  as amended, Wash. Rev. Code § 49.60.010 et seq.; Washington Equal Pay Law, as amended, Wash. Rev.  Code § 49.12.175; Washington Sex Discrimination Law, Wash. Rev. Code § 49.12.200; Washington Age  Discrimination Law, Wash. Rev. Code § 49.44.090; Washington Family Care Act, Wash. Rev. Code §§  49.12.265 to 49.12.295; Washington Parental Leave Discrimination Law, Wash. Rev. Code § 49.12.360;  Washington Minimum Wage Act, Wash. Rev. Code § 49.46.005 et seq.; Washington Wage, Hour, and  Working Conditions Law, Wash. Rev. Code §§ 49.12.005 to 49.12.170; Washington Wage Payment and  Collection Law, Wash. Rev. Code § 49.48.010 et seq.  Notwithstanding the foregoing, this Release shall not operate to release any rights or claims  of Employee (i) to the Severance Benefits (as defined in that certain Transition & Services Agreement, by  and between the undersigned and the Company, dated as of September 14, 2022 (the “Transition  Agreement”)), which payments and benefits are provided in exchange for this Release (among other good  

 

  Exhibit B-2    and valuable consideration); (ii) to accrued or vested benefits Employee may have, if any, as of the date  hereof (or as of the Separation Date (as defined in the Transition Agreement)) under any applicable health or  retirement employee benefit plan of the Company; (iii) to indemnification pursuant to the Articles or Bylaws  of the Company, as applicable, or applicable law; (iv) to assert claims for workers’ compensation or  unemployment benefits, (v) to bring to the attention of the Equal Employment Opportunity or similar  governmental body claims of discrimination, harassment or retaliation; provided, however, that Employee  does release Employee’s right to secure damages for any alleged discriminatory, harassing or retaliatory  treatment; (vi) to any right to communicate directly with, cooperate with, or provide information to, any  federal, state or local government regulator; or (vii) to assert any other rights that may not be waived by an  employee under applicable law. Employee agrees that this Release shall be and remain in effect in all respects  as a complete general release as to the matters released.    EMPLOYEE ACKNOWLEDGES THAT HE OR SHE HAS BEEN ADVISED BY LEGAL  COUNSEL AND IS FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION  1542, WHICH PROVIDES AS FOLLOWS:  “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS  WHICH THE CREDITOR OR RELEASING PARTY DOES NOT  KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE  TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY  HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR  HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”  EMPLOYEE, BEING AWARE OF SAID CODE SECTION, HEREBY EXPRESSLY  WAIVES ANY RIGHTS HE OR SHE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY  OTHER STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT.  2. Acknowledgment of Waiver of Claims under ADEA; Review and Revocation Period. In  consideration of the payments and benefits described herein, including without limitation the Severance  Benefits, Employee acknowledges and agrees that Employee is knowingly and voluntarily waiving and  releasing all claims Employee has or may have against the Releasees as set forth herein, including, without  limitation, all claims arising under the Older Workers’ Benefit Protection Act and the Age Discrimination in  Employment Act of 1967 (“ADEA”). Employee agrees that this waiver and release does not apply to any  rights or claims that may arise under the ADEA after the date Employee signs this Release. Employee  acknowledges that the consideration given for this waiver and release is in addition to anything of value to  which Employee was already entitled. Employee further acknowledges that Employee is hereby advised by  this writing that:   a. Employee should consult with an attorney prior to executing this Release;   b. Employee has read the terms of this Release, and understands its terms and effects,  including the fact that Employee agreed to release and forever discharge the Company and each of the  Releasees, from any claims released in this Release;  c. Employee understands that, by entering into this Release, Employee does not waive  any claims that may arise after the date of Employee’s execution of this Release, including without limitation  any rights or claims that Employee may have to secure enforcement of the terms and conditions of this  Release;  d. Employee has twenty-one (21) days within which to review and consider this  Release; and  

 

  Exhibit B-3    e. Employee has seven (7) days following Employee’s execution of this Release to  revoke this Release, and this Release shall not become effective until after such revocation period has expired.  In the event Employee signs this Release and returns it to the Company in less than the  twenty-one (21)-day period identified above, Employee hereby acknowledges that Employee had sufficient  time to consider this Release and to consult with counsel, that Employee does not desire additional time and  has freely and voluntarily chosen to waive the remainder of such period allotted for considering this Release.  This Release will become effective on the eighth (8th) day after Employee signs this Release, so long as it  has not been revoked by Employee before that date. Employee acknowledges and understands that revocation  of this Release must be accomplished by a written notification to Barrie Stone at bstone@expediagroup.com  on or before 5:00 p.m. Pacific time on the seventh (7th) day after this Release is executed by Employee. If  Employee revokes this Release in accordance herewith, the Parties acknowledge and agree that the  Company shall have no obligation to pay or provide any component of the Severance Benefits to  Employee and Employee shall have no rights or interest in or with respect thereto.   3. No Pending or Future Lawsuits.  Employee represents that Employee has no lawsuits, claims,  or actions pending in Employee’s name, or on behalf of any other person or entity, against the Company or  any of the other Releasees.  Employee also represents that Employee does not intend to bring any claims on  Employee’s own behalf or on behalf of any other person or entity against the Company or any of the other  Releasees.   [signature page follows]     

 

  Exhibit B-4    IN WITNESS WHEREOF, the undersigned has executed this Release on this ___ day of ______________  2022.      ______________________________  Name: Eric Hart

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