Document:

Exhibit 10.34

 

NOTE

 

Issuer: ORBITZ
WORLDWIDE, LLC

Amount:  $834,766,214

 

January 30, 2007

 

FOR VALUE RECEIVED, the undersigned, ORBITZ
WORLDWIDE, LLC (the “Obligor”) hereby unconditionally promises to pay,
on the date that is 7.5 years from the Closing Date (the “Maturity Date”)
to TRAVELPORT LLC, a Delaware limited liability company (the “Lender”),
or its registered assigns in lawful money of the United States of America and
in immediately available funds, the principal amount of EIGHT HUNDRED
THIRTY-FOUR MILLION SEVEN HUNDRED SIXTY-SIX THOUSAND TWO HUNDRED FOURTEEN
DOLLARS ($834,766,214). The Obligor promises also to pay interest on the unpaid
principal amount of such loan and advance in like money from the date of such
loan and advance until paid at a rate equal to 10.25% per annum. Capitalized
Terms used herein and not otherwise defined herein have the meanings specified
in the Credit Agreement (as amended, amended and restated, supplemented or
otherwise modified from time to time), dated as of August 23, 2006, between TDS
Investor Corporation, TDS Investor (Bermuda) Ltd., Waltonville Limited, the
Lenders and Agents parties thereto and UBS AG, Stamford Branch, as
Administrative Agent.

 

This Note shall be prepayable in whole or in
part at any time at the option of the Obligor.

 

The undersigned waives diligence,
presentment, demand for payment, any other demand, protest, notice of dishonor,
notice of presentment, notice of demand or notice of protest and all other
notices with respect to this Note and agrees to continue to remain bound for
the payment of principal under this Note until such time as this Note is paid
in full.

 

Upon the commencement of any bankruptcy,
composition, adjustment of debt, relief of debtors, involuntary dissolution,
insolvency or involuntary liquidation or similar proceeding under the laws of
any jurisdiction with respect to the Obligor, the unpaid principal amount
hereof, shall become immediately due and payable.

 

Any term of this Note may be amended or
waived with the written consent of the parties.

 

No action, delay or omission by the Lender
shall constitute a waiver of any of the rights or privileges of the Lender
under this Note nor shall any single or partial exercise of any such right or
privilege preclude any other or further exercise thereof or the exercise of any
other right or privilege. All parties now and hereafter liable with respect to
this Note, whether maker, principal, surety, guarantor, endorser or otherwise,
hereby waive presentment, demand, protest and all other notices of any kind.

 

THIS
NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF DELAWARE.

 

 

IN WITNESS WHEREOF, the parties hereto have
caused this Note to be duly executed and delivered by their proper and duly
authorized officers as of the day and year first above written.

 

	
   

  	
  ORBITZ
  WORLDWIDE, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kevin P. Monaco

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Kevin P. Monaco

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TRAVELPORT
  LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gary A. Henningsen

  	
   

  
	
   

  	
   

  	
  Name: Gary A. Henningsen

  
	
   

  	
   

  	
  Title: Group Vice PresidentExhibit 10.35

 

NOTE

 

Issuer: ORBITZ
WORLDWIDE, LLC

Amount:  $25,198,478

 

January 26, 2007

 

FOR VALUE RECEIVED, the undersigned, ORBITZ
WORLDWIDE, LLC (the “Obligor”) hereby unconditionally promises to pay,
on the date that is 7.5 years from the Closing Date (the “Maturity Date”)
to GALILEO INTERNATIONAL, INC., a Delaware corporation (the “Lender”),
or its registered assigns in lawful money of the United States of America and
in immediately available funds, the principal amount of TWENTY FIVE MILLION ONE
HUNDRED NINETY-EIGHT THOUSAND FOUR HUNDRED SEVENTY EIGHT DOLLARS ($25,198,478).
The Obligor promises also to pay interest on the unpaid principal amount of
such loan and advance in like money from the date of such loan and advance
until paid at a rate equal to 10.25% per annum. Capitalized Terms used herein
and not otherwise defined herein have the meanings specified in the Credit
Agreement (as amended, amended and restated, supplemented or otherwise modified
from time to time), dated as of August 23, 2006, between TDS Investor
Corporation, TDS Investor (Bermuda) Ltd., Waltonville Limited, the Lenders and
Agents parties thereto and UBS AG, Stamford Branch, as Administrative Agent.

 

This Note shall be prepayable in whole or in
part at any time at the option of the Obligor.

 

The undersigned waives diligence,
presentment, demand for payment, any other demand, protest, notice of dishonor,
notice of presentment, notice of demand or notice of protest and all other
notices with respect to this Note and agrees to continue to remain bound for
the payment of principal under this Note until such time as this Note is paid
in full.

 

Upon the commencement of any bankruptcy,
composition, adjustment of debt, relief of debtors, involuntary dissolution,
insolvency or involuntary liquidation or similar proceeding under the laws of
any jurisdiction with respect to the Obligor, the unpaid principal amount
hereof, shall become immediately due and payable.

 

Any term of this Note may be amended or
waived with the written consent of the parties.

 

No action, delay or omission by the Lender
shall constitute a waiver of any of the rights or privileges of the Lender
under this Note nor shall any single or partial exercise of any such right or
privilege preclude any other or further exercise thereof or the exercise of any
other right or privilege. All parties now and hereafter liable with respect to
this Note, whether maker, principal, surety, guarantor, endorser or otherwise,
hereby waive presentment, demand, protest and all other notices of any kind.

 

THIS
NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF DELAWARE.

 

 

IN WITNESS WHEREOF, the parties hereto have
caused this Note to be duly executed and delivered by their proper and duly
authorized officers as of the day and year first above written.

 

	
   

  	
  ORBITZ
  WORLDWIDE, LLC

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Kevin P. Monaco

  	
   

  
	
   

  	
   

  	
  Name: Kevin P. Monaco

  
	
   

  	
   

  	
  Title:  Senior Vice
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GALILEO
  INTERNATIONAL, INC.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Gary A. Henningsen

  	
   

  
	
   

  	
   

  	
  Name: Gary A. Henningsen

  
	
   

  	
   

  	
  Title: Group Vice PresidentExhibit 10.36

 

 

(1) ORBITZ WORLDWIDE, LLC

 

(2) OCTOPUS TRAVEL GROUP LIMITED

 

(3) DONVAND LIMITED

 

 

MASTER SUPPLY AND SERVICES AGREEMENT

 

 

 

MASTER
SUPPLY AND SERVICES AGREEMENT

 

This
Master Supply and Services Agreement (“Agreement”) is
dated as of                
      , 2007 and effective as of the Effective
Date (as hereinafter defined), is entered into by and among Orbitz Worldwide,
LLC, a Delaware limited liability company with its principal place of business
at 500 West Madison Street, Suite 1000, Chicago, Illinois 60661 (“Client”), Octopus Travel Group Limited, a company organized
under the laws of England and Wales located at Gullivers House, 27 Goswell
Road, London EC1M 7GT England (“Octopus”), and Donvand
Limited, a company organized under the laws of England and Wales located at
Gullivers House, 27 Goswell Road, London EC1M 7GT (“GTA”
and, together with Octopus, “Supplier”).  

 

RECITALS

 

Supplier
carries on the business of procuring rates for accommodations and destination
travel services, including without limitation attractions, shows, tours and
ground transportation (“Attractions and Services”
and, together with rates for accommodations, the “Inventory”)
from hoteliers and other travel suppliers selling to the wholesale market. 

 

Client
and its subsidiaries wish to promote the Inventory provided by Octopus through
the various travel distribution channels now or in the future owned, controlled
or operated by Client, Client’s Group Companies and third parties that
facilitate the booking of room reservations using Client’s systems (each, a “Client Distribution Channel”) subject to the terms and
conditions of this Agreement.

 

NOW,
THEREFORE, in consideration of the above recitals, the mutual undertakings of
the parties as contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties to this
Agreement hereby agree as follows:

 

	
  1.

  	
  Certain Definitions.  For
  purposes of this Agreement:

  
	
   

  	
   

  
	
   

  	
  “Affiliated Website”

  	
  means
  any of the websites hosted and operated by the Client Distribution Channels,
  the URLs of which are listed in Exhibit B to this Agreement, provided
  in each case that if at any time such website ceases to be owned, controlled,
  operated or hosted by the Client Distribution Channels then it shall cease to
  be an Affiliated Website;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Booking”

  	
  means
  an order for Inventory (or amendments to and/or cancellations thereof) made
  through the Affiliated Websites;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Booking
  Fee”

  	
  means
  the amounts set forth in Clause 6 payable by Client to Octopus;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Breakage”

  	
  has the meaning set forth in Clause 7;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Business Day”

  	
  means a day other than Saturday or Sunday on
  which banks in London, New York or Chicago are open for normal business;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Companies Act”

  	
  means
  the Companies Act 1985 as amended;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Confidential
  Information”

  	
  means
  any data concerning either party’s business operations that is not generally
  known to the public, including

  

 

2

 

	
   

  	
   

  	
  but
  not limited to, technology specifications, marketing plans, sales and other
  financial information and the terms and conditions of this Agreement, are to
  be considered Confidential Information;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Consume/Consumption”

  	
  means
  a Booking that is occupied and vacated by a guest (in the case of
  accommodations) or used (in the case of Attractions and Services), a “no
  show”, or a Booking reservation that has been cancelled after the
  cancellation deadline;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Contract
  Rate”

  	
  means
  the rate for the Inventory charged by Supplier to Client in accordance with
  Clause 4(a);

  
	
   

  	
   

  	
   

  
	
   

  	
  “Control”

  	
  means
  control as defined in Rule 405 of the U.S. Securities Act of 1933, as
  amended;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Customer”

  	
  means
  any person to whom the Client markets and sells Product through the
  Affiliated Websites or by any other means;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Effective Date”

  	
  means the earlier of (i) January 1, 2008 and
  (ii) the date on which Client and Supplier are no longer controlled by
  Travelport Limited;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Group Company”

  	
  means
  any company which at the time of this Agreement is a majority-owned
  subsidiary of Supplier or Client (as the context requires);

  
	
   

  	
   

  	
   

  
	
   

  	
   “IP Rights”

  	
  means
  all patents, service marks, trade names, logos or other commercial or product
  designations, designs (whether registered or not), database rights, domain
  names and copyrights, know-how and trade marks (whether registered or not)
  and the goodwill therein and applications for any of the same and any rights
  or forms of protection of a similar nature and having equivalent or similar
  effect to any of them which may subsist anywhere in the world;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Net
  Rate”

  	
  means
  the price of Inventory as charged by travel suppliers to Supplier (which
  shall remain confidential pursuant to the terms of supplier contracts);

  
	
   

  	
   

  	
   

  
	
   

  	
  “Retail
  Price”

  	
  means
  the price of Inventory as charged to consumers;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Services”

  	
  means
  the services to be provided by Supplier pursuant to Clauses 4 and 5 of this
  Agreement;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Term”

  	
  means  the period during which this Agreement continues in force
  in accordance with Clause 2;

  
	
   

  	
   

  	
   

  
	
   

  	
  “Wholesale
  Rate”

  	
  means
  the price of Inventory charged by Supplier to its wholesale customers, as may
  be amended from time to time,

  

 

3

 

	
   

  	
   

  	
  which
  Wholesale Rates do not on average exceed 24% of the Net Rates in the
  aggregate;

  
	
   

  	
   

  	
   

  
	
   

  	
  “XML
  General Terms”

  	
  means
  the XML General Terms and Conditions attached hereto as Exhibit A, as
  may be amended by Supplier from to time. 

  

 

2.                                      Term; Termination. 

 

a)                                      This Agreement shall take effect on the
Effective Date and continue until December 31, 2010 (the “Initial Term”); provided,
however, that in the event that Travelport Limited signs a letter of
intent or other agreement relating to the Change of Control of Client or Supplier in 2007, then the
party undergoing the Change of Control shall promptly notify the other party in
writing, and the other party may request to postpone the effectiveness of
Clauses 3(c), the first sentence of Clause 3(d), and Clause 4(a) for up to 90
days following the date of notice but in no event later than December 31, 2007.  Upon expiration of the Initial Term, this
Agreement will renew for successive one-year terms upon mutual written
agreement by the parties at least sixty (60) days’ prior to the expiration of
the current term.  

 

b)                                     After the Initial Term either party may
terminate this Agreement at any time upon at least ninety (90) days’ prior
written notice. 

 

c)                                      At any time during the Term, either party
shall be entitled to terminate this Agreement by giving 30 days’ prior written
notice to the other if the other commits any material breach of this Agreement
(including but not limited to Client’s obligation to pay Supplier) and, if the
breach is capable of remedy, fails to remedy it within such 30-day period after
being given a written notice containing full particulars of the breach and
requiring it to be remedied, or if the other goes into liquidation or
administration, has a receiver appointed over any of its assets or enters into
any voluntary arrangement with its creditors or ceases to carry on business. 

 

d)                                     Notwithstanding anything to the contrary set
forth herein, in the event of a proposed Change of Control of Client or any Group
Company thereof, Client shall notify Supplier as soon as reasonably practicable
of the proposal.  For purposes of this
Agreement, a “Change of Control” is defined as
an event pursuant to which an entity directly or indirectly consummates a
merger, reorganization, recapitalization, joint venture, consolidation, share
exchange, business combination, sale of all or substantially all of its assets,
or similar form of corporate transaction involving such entity (each, a “Business Combination”) such that immediately following such
Business Combination, a third party directly or indirectly acquires more than
50% of the voting power of the then-outstanding voting stock of the entity
resulting from consummation of such Business Combination.  At any time following such Change of Control,
neither the rights nor the obligations of Client (or any subsidiary thereof) may
be extended, assigned, transferred or otherwise made available to a third-party
acquirer or a third-party target (in each case by merger or otherwise), except
that Client shall be entitled to offer up to US$25,000,000 of Inventory in the
aggregate through one or more smaller third-party targets (by merger or
otherwise) that are not Supplier clients during the term of this Agreement.  Determination of whether the US$25,000,000 cap
has been exceeded shall be calculated based on the aggregate Bookings made to the
date of calculation through the target first acquired and those targets
subsequently acquired (if any) in chronological order.  In the event that (i) the aggregate
US$25,000,000 cap is exceeded at any time or (ii) the target is a Supplier
client, then (A) in each case all Bookings through such target shall
automatically increase to the then-current Wholesale Rate (retroactively to the
date of acquisition) and all other terms of this Agreement shall continue in
full force and effect, provided that the Wholesale Rate shall be no less
favorable to Client than the booking

 

4

 

fees
charged to Supplier’s large wholesale customers at that time, or
(B) Supplier shall have the right, but not the obligation, to terminate
this Agreement without any liability to Supplier.  For the avoidance of doubt, all other terms
and conditions of this Agreement (including Clause 6) shall apply to Bookings
made through third-party targets, and any subsidiary of Client that no longer
remains a subsidiary of Client shall not be entitled to the Inventory or the Services.

 

e)                                      Upon termination of this Agreement, Client
shall pay to Supplier all sums owing to Supplier under this Agreement,
including any Wholesale Rates retroactively due in accordance with Clause 2(d).

 

3.                                      Client Obligations. 

 

a)                                    Subject to the terms and conditions of this
Agreement, (i) Client may offer the Inventory provided by Octopus through
the Client Distribution Channels and (ii) Client may forward distribute
this Inventory to third party Client Distribution Channels.  Client shall be responsible for any acts or
omissions of such Client Distribution Channels in breach of this Agreement or
of any Inventory Restrictions communicated by Supplier to Client from time to
time.

 

b)                                     Client will work with GTA to ensure that the
Contract Rates are set appropriately  and  notify GTA of any competitive or promotional parity issues
regarding rates, including the facilitation of renegotiation with hotel
partners.  In any event, Client shall
cause each Client Distribution Channel to comply with the cancellation,
no-show, “Best Rate Guarantee” and other terms and conditions applicable to the
Inventory communicated by Supplier to Client from time to time.

 

c)                                      The parties agree to comply with the
restrictions on Contract Rates as set forth on Exhibit C hereto.

 

d)                                     Client’s Group Company, Flairview Travel Pty
Ltd. (“Flairview”), may input and modify its inventory
information on GTA’s AS/400 system so long as Flairview and GTA remain
majority-owned subsidiaries of Travelport Limited.  Any such inputs or modifications are the sole
responsibility of Client, and GTA shall have no liability with respect to the
foregoing.  This subclause (d) in no way
permits Flairview or any other Group Company of Client to input or modify
Supplier’s Inventory information (excluding Flairview’s own data) on the AS/400
system.  At such time as Flairview is no
longer accessing the AS/400 system, Client may request GTA to provide dedicated
consultants to manage Flairview’s inventory system at Flairview’s premises.  Supplier shall provide such consultants to
Flairview at Supplier’s full actual costs (including but not limited to wages,
relocation expense, travel expense and accommodation expense) for such
personnel.

 

4.                                      Octopus Obligations.

 

a)                                      Subject to (i) the availability of
Inventory, (ii) any restrictions placed on the distribution or consignment
of such Inventory by hoteliers or other applicable suppliers (“Inventory Restrictions”) and (iii) Client’s compliance
with its obligations set forth in Clause 3, Octopus shall make available for
promotion and reservation through the Client Distribution Channels the same
Inventory as is available through Octopus’ consumer direct points of sale at
the Contract Rate specified by Octopus for the relevant dates, which shall be
inclusive of taxes and breakfast (to the extent stated in the applicable
contract between Supplier and its travel suppliers); provided that, for
New York City Inventory only, Octopus reserves the right to restrict any
prepaid Inventory at its sole discretion. 

 

b)                                     Octopus shall provide Client Distribution
Channels access to its XML direct connect service (the “DC Service”)
on the terms and conditions set forth in Exhibit A hereto.  Octopus shall use commercially reasonable
endeavours to provide the DC Service to Client at

 

5

 

substantially the same service levels as Octopus provides to its largest
wholesale clients (to the extent such services are provided to its largest
wholesale clients).  The Lodging.com
Client Distribution Channels may continue to access Contract Rates as
Lodging.com has done prior to the Effective Date hereof, provided that
Lodging.com may change connectivity to the DC Service during the Term.

 

c)                                      Octopus will provide Client with gross rates
for Attractions and Services, including sightseeing, in US dollars.  Octopus shall pay Client the entire markup
that GTA receives from attraction and service suppliers; provided that any
amounts due to Client may be deducted, at Octopus’s sole election, from the
amounts due to Octopus pursuant to Clause 6. 

 

5.                                      GTA Obligations.

 

a)                                      GTA will provide professional staff to handle
all customer service issues arising from bookings of the Inventory, including
customer service issues, hotel help desk, and technical support.  GTA shall use commercially reasonable
endeavours to provide customer services (including without limitation those
services listed on Exhibit D hereto) to Client consistent with services
provided to Client prior to the date hereof and at substantially the same level
as GTA provides to its largest wholesale clients (to the extent such services
are provided to its largest wholesale clients). 
Client may request in writing additional services or greater service
levels during the term of this Agreement, provided that such services or
service levels are of a type generally provided by Supplier.  In such case, Client and Supplier shall
negotiate in good faith and execute a statement of work to this Agreement for
such additional services or service levels that shall set forth, among other
things, (i) the time during which the additional services or service
levels shall be provided, (ii) a description of the additional services or
service levels and (iii) the estimated charge for the additional services
or service levels.  Supplier shall not be
obligated to provide such additional services or greater service levels until
the parties sign a statement of work.  It
is understood that, subject to the second sentence of this subclause (a),
Supplier has no obligation to provide additional services or greater service
levels and may reject any request by Client for additional services or greater
service levels for any reason or for no reason.

 

b)                                     At the time of the execution of this Agreement,
the majority of GTA’s suppliers have agreed in writing to provide GTA with descriptions
of the Inventory that are and continue to be accurate.  However, these provisions are subject to
change, although GTA will use its commercially reasonable endeavours to
negotiate substantially similar provisions with respect to accurate information
in its annual supplier contracts.

 

c)                                      At such time that Supplier develops a process
to map city/item codes to the applicable hotel property, Supplier will make
such data available to Client in a readable format to be determined by
Supplier.

 

6.                                      Booking Fees.  

 

Client
shall pay Octopus a fee for Bookings in the amounts and under the conditions set
forth on Exhibit E.  GTA will
invoice Client by the fifth business day of each month for Booking fees due
during the previous month, and Client will pay such invoices in accordance with
Clause 8(c) below.  

 

7.                                      Flairview Breakage. 
Supplier shall pay
Flairview the Breakage from Bookings made on the Flairview websites, www.Asia-Hotels.com,
www.HotelClub.com and www.RatesToGo.com, as well the XML distribution clients
and affiliate partners of the foregoing, but in all cases excluding
ebookers.com, carbookers.com, insurancebookers.com, hotelbookers.com,
mrjet.com, CheapTickets.com, Orbitz.com, Lodging.com, away.com, GORP.com,
OutsideOnline.com, trip.com, OrbitzForBusiness, TravelportForBusiness or any
XML distribution clients and affiliate partners of the foregoing.  If a precise Breakage amount cannot be
determined by Supplier, Flairview and Supplier will use good faith endeavours
to determine a reasonable percentage to be applied as Breakage consistent with
Breakage historically paid to Flairview by Supplier.  For

 

6

 

purposes of this Clause 7, Breakage means
an amount due to Inventory providers that are not invoiced to Supplier within
one year of consumption of the applicable Booking.

 

8.                                      Payment Terms between Client and Supplier.

 

a)                                      Client acknowledges and agrees that Supplier
will not be permitted to disclose individual Net Rates to Client or any third
party.

 

b)                                     Except as otherwise set forth in this
Agreement, GTA will invoice Client by the fifth business day of each month in
advance, and Client will pay any undisputed amounts to GTA within 30 days
following receipt of such invoice. 

 

c)                                      Undisputed amounts not paid on or before 30
days from the date of Client’s receipt of the invoice shall be considered past
due, and Client’s account shall be considered in default. Client must give Supplier
written notice of a dispute with respect to any Supplier invoice prior to the
due date thereof, or such invoice shall be deemed to be correct and binding on
Client. If Client provides notice of any disputed amount on any invoice, the
parties shall attempt to resolve such dispute at the parties’ day-to-day
operating level. If any good faith billing dispute cannot be resolved at the
parties’ day-to-day operating level within 10 days, Client and Supplier shall
implement the following billing dispute resolution process: Client will
document the dispute and refer it to Supplier’s billing department, who will
promptly enter into discussions with Client’s designated primary
representative.  Any settled disputed
amount of any invoice not paid within 10 days after resolution of such dispute,
or any disputed amount not resolved within 90 days following the date of Client’s
receipt of the invoice, shall be deemed delinquent. Any such delinquent
invoices shall subject Client to suspension of Services at the sole discretion
of Supplier effective immediately upon written notice to Client. Client may
reinstate Services suspended due to nonpayment by notifying Supplier within
thirty (30) days from the date the suspension commences and paying Supplier all
outstanding amounts due as of the effective date of the suspension. If Client
does not choose to reinstate service within 30 days of any termination or
suspension of Services by Supplier, Supplier shall have the right to terminate
this Agreement without further notice and any amounts due will become
immediately due and payable.

 

9.                                      Cancellations and No-Shows.  When
a customer cancels a booking or is a no-show, Octopus will use commercially reasonable
efforts to negotiate with the hotels to reduce or waive the cancellation or
no-show fee, and shall credit such reduction or waived amount to Client.   Client will remit cancellation and/or no
show fees monthly as part of the monthly settlement process.

 

10.                               Content and Restrictions.

 

a)                                      Client
acknowledges and agrees that all title and interest in the IP Rights to
Supplier’s Bookings database (save for the personal details of customers) and
Supplier’s Inventory database including Inventory descriptions, photographs and
maps, shall belong to and shall vest in Supplier and, for the avoidance of
doubt, Client shall have no access to any source code for any software forming
part of the IP Rights of such database. 
Without conveying any proprietary right, title or interest in and to the
copyrights, patents, trade secrets, trademarks, service marks, logos, graphics
and other intellectual property rights provided with the Inventory and held by
Octopus, Octopus hereby grants Client and its Client Distribution Channels who
own and operate an Affiliated Website a limited license, effective throughout
the Term, as set forth in Clause 4 of the XML General Terms.  Except as provided in the foregoing sentence,
neither Client nor the Client Distribution Channels shall have any right to
sublicense any of the IP Rights.  Except
for the usage rights expressly provided herein, nothing contained in this
Agreement will give either party (“Receiving Party”)
any right, title or interest in or to the other party’s (“Owner”)
intellectual property or the goodwill associated therewith.  Each Receiving Party acknowledges that all
goodwill in and to the Owner’s intellectual property vests, and shall vest, in
the Owner. In

 

7

 

the event
that Octopus becomes aware that Client’s use of the IP Rights in connection with
promotion of the Inventory does not conform to the requirements of this Clause
10, then Octopus shall notify Client to that effect and, upon receipt of such
notice, Client shall promptly cease or correct any such non-conforming use of
the IP Rights. 

 

b)                                     Client acknowledges that certain IP Rights
may be provided by a third party source and that: 

 

i)                 Such IP Rights are the sole and exclusive
property of the third party source, its licensors and/or hoteliers;

 

ii)            At any time, a third party source has the right to deny Supplier the
right to sublicense such IP Rights to Client; and

 

iii)           Supplier shall have no obligation to disclose the source of its IP
Rights.

 

c)                                      Supplier shall have the right to charge
Client, and Client shall pay, interest on any outstanding sum due under this
Agreement from the date on which such sum was due until actual payment at the
rate of 3% above the base rate of the Royal Bank of Scotland plc prevailing on
the payment due date.  In addition,
failure by Client to pay any outstanding sums when due shall entitle supplier
to suspend provision of all or any of the Services.  

 

e)                                      Client shall remain liable to Supplier for
the Booking Fees in circumstances where a Booking has been confirmed without
collecting payment from the traveler.

 

11.                               Warranties.

 

a)                                      Each party to this Agreement represents and
warrants to the other that in performing its obligations under this Agreement
it will comply with all applicable federal, state, provincial and local laws
and regulations and that it is free of any contractual obligations that would
prevent it from entering into and performing its obligations under this
Agreement.  In addition, Octopus
represents and warrants that it has acquired all rights to use and provide
access to the Inventory and related data.

 

b)                                     OTHER
THAN AS SET FORTH HEREIN, EACH PARTY DISCLAIMS AND HEREBY WAIVES ALL
WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO, ANY WARRANTY OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR INTENDED USE, ANY
WARRANTY OF COMPATIBILITY BETWEEN ANY SYSTEM EQUIPMENT, SOFTWARE, NETWORK OR
DATA PROVIDED BY EITHER PARTY, OR ANY LIABILITY IN NEGLIGENCE, TORT, STRICT
LIABILITY OR OTHERWISE, WITH RESPECT TO ANY SYSTEM EQUIPMENT, SOFTWARE,
NETWORK, DATA OR SERVICES FURNISHED HEREUNDER. 

 

12.                               Limitation of Liability.

 

a)                                      EXCEPT
FOR LIABILITY ARISING OUT OF ANY BREACH OF EACH PARTY’S CONFIDENTIALITY
OBLIGATIONS, IN NO EVENT SHALL LIABILITY ARISING OUT OF OR RELATING TO THIS
AGREEMENT EXCEED THE AGGREGATE AMOUNTS INVOICED BY GTA TO CLIENT THE TWELVE
(12) MONTHS PRECEDING THE DATE THAT SUCH CLAIMED INJURY OR DAMAGE AROSE.  EXCEPT FOR LIABILITY ARISING OUT OF ANY
BREACH OF EACH PARTY’S’ CONFIDENTIALITY OBLIGATIONS, IN NO EVENT SHALL EITHER
PARTY BE LIABLE FOR LOST PROFITS, COST OF PROCUREMENT OF SUBSTITUTE GOODS, OR
ANY OTHER SPECIAL, RELIANCE, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES,
HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY WHETHER BASED IN CONTRACT,
TORT (INCLUDING NEGLIGENCE), PRODUCTS LIABILITY, OR OTHERWISE. THE FOREGOING LIMITATIONS
SHALL APPLY REGARDLESS OF WHETHER SUCH PARTY HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES AND

 

8

 

NOTWITHSTANDING THE FAILURE OF ESSENTIAL
PURPOSE OF ANY LIMITED REMEDY STATED HEREIN.

 

b)                                     Nothing
in this Agreement excludes or limits the liability of a party for death or
personal injury caused by that party’s negligence or fraudulent
misrepresentation.

 

13.                               Confidentiality.   

 

a)                                      Each party agrees that it has no interest in
or right to use the Confidential Information of the other party except in
accordance with the terms of this Agreement. Each party acknowledges that it
may disclose Confidential Information to the other in the performance of this
Agreement.  The Party receiving the
Confidential Information shall:

 

i)                 maintain it in strict confidence and take all
reasonable steps to prevent its disclosure to third parties, except to the
extent necessary to carry out the purposes of this Agreement, in which case
these confidentiality restrictions shall be imposed on the third parties to
whom such disclosures are made;

 

ii)              use at least the same degree of care as it
uses in maintaining the secrecy of its own Confidential Information (but no
less than a reasonable degree of care); and

 

iii)           prevent the removal of any proprietary, confidential or copyright
notices placed on the Confidential Information.

 

b)                                     Neither Party shall have any obligation
concerning any portion of the Confidential Information of the other which:  

 

i)                 is publicly known prior to or after
disclosure other than through any wrongful act or omission attributable to the
recipient or its employees or representatives;

 

ii)              is already known to the recipient at the time
of disclosure; 

 

iii)           is disclosed in good faith to the recipient by a third party having a
lawful right to do so; or 

 

iv)          must be disclosed by the receiving party by law or legal process,
provided that the receiving party shall immediately notify the other party so
that it can take steps to prevent its disclosure.

 

14.                               Non-Solicitation. 

 

a)                                      Client agrees as follows:

 

i)                 From the date hereof until December 31, 2008,
Client shall not, without the prior written consent of GTA or Octopus (as the
case may be), directly or indirectly (through agents or otherwise) solicit, facilitate,
encourage, induce, engage or interfere with (such actions collectively, “Solicit”) any client or affiliate partner of GTA or Octopus
to (a) cease or reduce its business with GTA or Octopus or (b) begin receiving
inventory from Client similar to the Inventory provided under this Agreement or
increase distribution of inventory similar to the Inventory provided under this
Agreement; provided that the foregoing restriction shall not apply to
clients that are shared by Client and Supplier on the date of this Agreement.  

 

ii)              From
January 1, 2009 through December 31, 2010, Client shall not, without the prior
written consent of GTA or Octopus (as the case may be), directly or indirectly
(through agents or otherwise) Solicit any of the Key Clients of GTA or Octopus;
provided that (A) the foregoing restriction shall not apply to
clients that are shared by Client and Supplier on the date of this Agreement
and (B) Client may participate in Competitive Bid Opportunities upon
invitation to

 

9

 

bid
so long as Client does not proactively Solicit such Key Client; provided,
further, that if Client wins the Competitive Bid Opportunity, Client
shall pay the Booking Fees specified in Clause 6 for Bookings made through this
Client Distribution Channel. 

 

b)                                     Each of GTA and Octopus agrees as follows:

 

i)                 From the date hereof until December 31, 2008,
it shall not, without the prior written consent of Client, directly or
indirectly (through agents or otherwise) Solicit any client or affiliate
partner of Client to (a) cease or reduce its business with Client or
(b) begin receiving inventory from it similar to the Inventory provided
under this Agreement or increase distribution of inventory similar to the
Inventory provided under this Agreement; provided that the foregoing
restriction shall not apply to clients that are shared by Client and Supplier
on the date of this Agreement.  

 

ii)              From
January 1, 2009 through December 31, 2010, it shall not, without the prior
written consent of Client, directly or indirectly (through agents or otherwise)
Solicit any of the Key Clients of Client; provided that (A) the
foregoing restriction shall not apply to clients that are shared by Client and
Supplier on the date of this Agreement and (B) may participate in
Competitive Bid Opportunities upon invitation to bid so long as it does not
proactively Solicit such Key Client of Client.

 

c)                                      As used herein, (i) ”Key Client” means any client or affiliate partner from which
the relevant party earns $1,000,000 or more in annual gross revenue, and
(ii) ”Competitive Bid Opportunity” means
a commercial agreement between the Key Client and Supplier or Client (as the
case may be) that is due to expire and such Key Client is actively exploring
alternatives by requesting proposals from and/or distribution requests for
proposals to third parties.  Each of
Supplier and Client will provide to the other a list of its Key Clients as soon
as reasonably practicable and thereafter will provide an updated list, as soon
as reasonably practicable upon written request of the other party,
semi-annually until December 31, 2010.

 

15.                               Data Protection.

 

a)                                      Each party warrants and represents that it
holds, and undertakes that at all times during the period of this Agreement it
will maintain, all registrations and notifications required under the Data
Protection Act 1998 (“DPA”) which are
appropriate to its performance of their obligations under this Agreement.

 

b)                                     Each party undertakes that in the performance
of this Agreement it will comply with the DPA and ensure that its employees,
agents and subcontractors comply with the DPA, and in particular the Data
Protection Principles set out in the DPA, and with any guidance issued from
time to time by the Information Commissioner.

 

c)                                      Supplier warrants that to the extent it processes any
personal data (meaning given
in the Data Protection Act 1998) on behalf of Client, it
shall act only on instructions from Client, and it has in place appropriate
technical and organizational security measures against unauthorized or unlawful
processing of personal data and against accidental loss or destruction of, or
damage to, personal data.

 

10

 

16.                               Non-Assignment.

 

Neither party shall
have the right, in any manner whatsoever, to assign, transfer or convey this
Agreement to any third party, without the prior written consent of the other
party.  This party will be binding upon
the parties’ successors and permitted assigns.

 

17.                               Notices.

 

All
notices, requests, demands or other communications hereunder shall be in writing,
hand delivered, sent by first class registered mail, overnight mail, or
facsimile (upon electronic confirmation that the transmission was received) and
shall be deemed to have been given when delivered to the following addresses:

 

If
to Client:

 

500
West Madison Street

Suite
1000

Chicago,
Illinois 60661

Attn:
Legal Department

 

If
to GTA:

 

GTA
North America, Inc.

5
Penn Plaza, 5th Floor

New
York, New York 10001 USA

Attn:  Managing Director, Americas

 

If
to Octopus:

 

OctopusTravel.com
(USA) Limited

5
Penn Plaza, 5th Floor

New
York, New York 10001 USA

Attn:  Managing Director, Americas

 

18.                               Costs and Expenses.   Each
party hereto shall assume and pay its own expenses incident to the negotiation,
execution and performance of this Agreement. 

 

19.                               Amendments.  This Agreement shall not be amended or
modified except by another written document duly signed by the Parties.

 

20.                               Force Majeure.

 

Each party shall be relieved from its
obligations (other than payment obligations) hereunder to the extent that
performance is delayed or prevented by any cause beyond its reasonable control
including war, civil unrest, strikes, lockouts, natural disaster or fire,
epidemics, quarantine, governmental measures or similar events or
conditions.  The party claiming force
majeure shall promptly notify the other party and take commercially
reasonable efforts to resume performance as promptly as practicable.

 

21.                               Entire Agreement.

 

a)                                      This Agreement, together with its appendices,
schedules and exhibits, constitute the entire agreement and understanding of
the parties and supersedes all other prior agreements and understandings, both
written and oral, between the parties with respect to the subject matter
hereof.  This Agreement may be amended
only by a further writing duly executed by authorized representative of the
parties.

 

11

 

b)                                     In the event of any conflict between the
provisions of this Agreement and the provisions of an appendix, schedule or
exhibit, this Agreement shall prevail.

 

22.                               Governing Law.

 

This
Agreement shall be governed by, and shall be performed, enforced and construed
in accordance with, the laws of England. 
Each of the parties hereby submits to the non-exclusive jurisdiction of
the courts of London, England.

 

23.                               No Third Party Beneficiaries.

 

None
of the provisions of this Agreement shall be for the benefit of or enforceable
by or against any person other than a party, including without limitation, any
creditor of Client or of GTA.

 

24.                               Dispute Resolution.

 

If
a controversy should arise out of this Agreement, the individuals executing
this Agreement on behalf of each party, or their respective successors or
designees will attempt in good faith to resolve the dispute informally through
discussion, the exchange of documents or meetings following either party’s
notice of the existence and nature of the dispute.

 

25.                               Waivers.

 

The
terms of this Agreement may be waived only by a  written
instrument signed by the party that would have been able to require
compliance.  No delay on the part of
either party in exercising any right, power or privilege hereunder shall
operate as a waiver thereof.  No waiver
on the part of either party of any such right, power or privilege, shall
preclude any further exercise thereof or the exercise of any other such right,
power or privilege.

 

26.                               General Provisions.

 

a)                                      Nothing in this Agreement is intended or
shall be construed to create or establish an agency, partnership, or joint venture
relationship between the parties.

 

b)                                     The captions in this Agreement are for
convenience only and in no way define, limit, or enlarge the scope of this
Agreement or any of the provisions therein. 
Capitalized terms shall have the meanings assigned in this Agreement.

 

c)                                      In the event that any material provision of
this Agreement is determined to be invalid, unenforceable or illegal, then such
provision shall be deemed to be superseded and the Agreement modified with a
provision that most nearly corresponds to the intent of the parties and is
valid, enforceable and legal.

 

d)                                     Each of the parties agrees not to directly or
indirectly take any actions, act in concert with any person or entity who takes
an action, or cause or allow any member of its Group Companies to take any
actions (including by corporate reorganization or failure to take a reasonable
action) such that the resulting effect is to materially undermine the
effectiveness of any of the provisions of this Agreement (such as moving
traffic to Flairview websites to obtain increased breakage or providing
knowingly false certifications).

 

12

 

IN
WITNESS WHEREOF,  each
party has executed this Agreement by its authorized representative.

 

	
  ORBITZ
  WORLDWIDE, LLC

  	
  DONVAND
  LIMITED

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  OCTOPUS
  TRAVEL GROUP LIMITED

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  	
   

  
												

 

13

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