Document:

THIRD LETTER OF AMENDMENT

 Exhibit 10.29 
 EXPEDIA CONFIDENTIAL 
 October 29, 2010 

David Cathcart 
 Chief Financial Officer

 TRX, Inc. 
 2970 Clairmont Road

 Suite 300 
 Atlanta, GA 30329

  

	Re:	Third Letter of Amendment 

 Dear David:

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

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

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

 

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

  

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

 * 
 * Confidential Treatment Requested 

  
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 EXPEDIA CONFIDENTIAL 

 

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

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

  

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

  

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

 

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

  
 *
Confidential Treatment Requested 
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 EXPEDIA CONFIDENTIAL 

 

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

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

  

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

  

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

  

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

 

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

  
 *
Confidential Treatment Requested 
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 EXPEDIA CONFIDENTIAL 

 

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

 

	
	 Yours truly,
  

Expedia, Inc.

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

 Acknowledged and
Agreed:  
 TRX, Inc. 
  

			
	 By:
	 	 /s/ David D. Cathcart

	 Title:
	 	Chief Financial Officer
	 Date Signed:    1 November 2010

  
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 EXPEDIA CONFIDENTIAL 

 

 EXHIBIT 1 
 MODIFIED PRICING FOR COMMON SERVICES 
 * 

  
 *
Confidential Treatment Requested 
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 * 

  
 *
Confidential Treatment Requested 
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 * 

  
 *
Confidential Treatment Requested 
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 EXHIBIT 2 
 SELECT SERVICES 
 * 

  
 *
Confidential Treatment Requested 
 8 of 8FOURTH LETTER OF AMENDMENT

 Exhibit 10.30 
 EXPEDIA CONFIDENTIAL 

 

 

 December 29, 2010 
 David Cathcart 
 Chief Financial Officer 
 TRX, Inc. 
 2970 Clairmont Road 
 Suite 300 
 Atlanta, GA 30329 

 

	Re:	Fourth Letter of Amendment 

 Dear David:

 The purpose of this Fourth Letter of Amendment effective January 1, 2011, is to further document certain amendments to the pricing and
other terms set forth in the Master Service Agreement, dated January 1, 2007, as amended by Amendment #1 on March 30, 2007, Letter of Amendment dated February 19, 2009, Second Letter of Amendment dated December 23, 2009, Third
Letter of Amendment dated October 29, 2010, as amended, and associated exhibits and Statements of Work thereunder (collectively, the “Agreement”) between Expedia, Inc. (“Expedia”) and TRX, Inc. (“TRX”),
and/or their respective subsidiaries. Capitalized terms, where not defined herein, will have the meanings set forth in the Agreement. Expedia and TRX now agree to further amend the Agreement as follows: 

 

	1)	* for * Services. Beginning 1 January 2011, Section 5 of Appendix 1 to Exhibit B (Pricing for Common Services) shall be deleted and replaced with the
following: 

 * 

  
 * Confidential
Treatment Requested 
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 EXPEDIA CONFIDENTIAL 

 

 * 
  

	2)	Exclusivity *. Beginning 1 January 2011, Section 6 of Appendix 1 to Exhibit B (Pricing for Common Services) shall be deleted and
replaced with the following: 

  

	 	6.	Exclusivity and *. 

  

	 	(a)	As further consideration for the * 

  

	 	(b)	Thereafter, Expedia will give TRX * 

  

	 	(c)	If Expedia elects *, then: 

 *

  

	 	(d)	If Expedia elects *, then: 

  
 * Confidential
Treatment Requested 
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 EXPEDIA CONFIDENTIAL 

 

 * 
  

	 	(e)	If Expedia elects * or does not otherwise qualify for the * described in clause (c) and (d) above, then the * 

 

	 	(f)	In the event that Expedia requires * from TRX in a given *, the minimum aggregate amount payable to TRX for * in such * will be at least *. 

 

	 	(g)	Notwithstanding the foregoing, in the event that a * 

  

	 	(h)	* 

  
 * Confidential
Treatment Requested 
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 EXPEDIA CONFIDENTIAL 

 

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

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

	
	Yours truly,
	
	Expedia, Inc.
	
	/s/ Kerri Landeis
	Kerri Landeis
	Vice President, Global Supply Operations

Acknowledged and Agreed: 
  

	
	TRX, Inc.
	/s/ David D. Cathcart
	
	By: David D. Cathcart
	Title: CFO
	Date Signed: 30 December 2010

  
 4 of 4FIRST AMEMENDMENT TO EMPLOYMENT CONTRACT

 Exhibit 10.43 
 FIRST AMENDMENT TO EMPLOYMENT CONTRACT 
 THIS FIRST AMENDMENT (the
“Amendment”) is made and entered into as of the 6th day of December, 2010, to that certain Employment Contract by and between H. SHANE HAMMOND (the “Employee”) and TRX, INC., a Georgia corporation (the
“Company”). 
 WHEREAS, the Employee and the Company previously entered into that certain Employment Contract dated as
of December 10, 2008 (the “Employment Contract”); and 
 WHEREAS, the Employee and the Company desire to amend
certain terms and provisions of the Employment Contract; 
 NOW, THEREFORE, for and in consideration of good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Employee and the Company hereby agree to amend the Employment Contract as follows: 
 1. Section 1 of the Employment Contract is hereby amended by deleting the first sentence thereof and replacing it in its entirety with the following sentence: 

“The Company hereby employs Employee for a period commencing on the Effective Date of this Employment Contract and
ending on December 31, 2013 (the “Initial Term”), unless earlier terminated pursuant to Section 6 herein.” 
 2. Section 6(c) of the Employment Contract shall be amended by deleting that section in its entirety and replacing it with the following: 

“(c) Termination by the Company Without Good Cause. The Company may terminate this
Employment Contract at any time without Good Cause. If the Company terminates this Employment Contract without Good Cause, the Company shall pay to the Employee an amount equal to (i) any earned but unpaid Base Salary accrued through the date
of termination plus twelve (12) months of Base Salary, and (ii) reimbursement for the COBRA premiums actually incurred by Employee for continued health care coverage for Employee and his covered dependents for twelve (12) months. For
compliance with Section 409A of the Internal Revenue Code of 1986, no amounts shall be payable to the Employee (or his spouse or dependents) under this subsection before the date that is six (6) months following the date of the
Employee’s termination of employment. On the date that is six (6) months following the date of the Employee’s termination of employment hereunder, the Employee shall be paid a lump sum amount representing (A) the amounts that
would have been paid under subsection (i) of this section, plus (B) the amounts that would have been reimbursed to him during the 6-month delay period under subsection (ii) but for the delay provision, and thereafter, the Employee (or
his spouse or dependents, as applicable) shall receive monthly cash payments for the reimbursement of the amounts described in subsection (ii). In addition, subject to the specific provisions of subsection 3(b), any discretionary bonus determined by
the Board for the Employee following his termination of employment due to termination without Good Cause shall be payable no later than December 31st of the calendar year in which the Board makes the determination that the Employee is entitled to such bonus.”

 3. Except as specifically amended herein, the Employment Contract shall remain in full force and effect. 

4. This First Amendment may be executed in one or more counterparts (including by facsimile or other electronic transmission), each of
which shall for all purposes be deemed to be an original and all of which shall constitute the same instrument. 

 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment effective as of
the date specified above. 
  

	
	“EMPLOYEE”:
	
	 /s/ H. Shane Hammond

	H. Shane Hammond

  

	
	“COMPANY”:
	
	TRX, INC.
	
	 /s/ John F. Davis, III

	John F. Davis, III
	Chairman of Compensation, Corporate Governance, and Nominating Committee

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