Document:

Services Agreement

 Exhibit 10.13 
  

 

 

  
 GOOGLE SERVICES AGREEMENT

  

	
	COMPANY INFORMATION

  

							
	COMPANY: KAYAK SOFTWARE CORPORATION
				
	 	  	 Business Contact:
	  	 Legal Contact:
	  	 Technical Contact:

	Name:	  	Keith Melnick	  	Benjamin Berman	  	Sam Shevat
				
	Title:	  	Chief Commercial Officer	  	Assistant General Counsel	  	Ad Optimization Manager
				
	 Address, City, State,

Postal Code:
	  	 55 N. Water Street, Suite 1,

Norwalk, CT 06854
	  	 55 N. Water Street, Suite 1,

Norwalk, CT 06854
	  	 55 N. Water Street, Suite 1,

Norwalk, CT 06854

				
	Phone:	  	203-899-3100	  	203-899-3100	  	203-899-3100
				
	Fax:	  		  		  	
				
	Email:	  		  		  	

  

	
	TERM
	
	 TERM: Starting on November 1, 2010 (“Effective Date”) and continuing through October 31, 2012
(inclusive)

  

					
	ADVERTISING SERVICES
			
	x ADSENSE FOR SEARCH (“AFS”)	  	 AFS Revenue Share

Percentage
	  	Ad Deduction Percentage for AFS
			
	 Sites approved for AFS: See Exhibit A
  

Approved Client Applications for AFS: None
	  	See Exhibit D	  	 North America Sites: [    ]*

APAC Sites: [    ]*
 EMEA Sites: [    ]*

  

			
	CURRENCY	 	
		
	  ̈ AUD

 ̈ CAD

 ̈ EUR

 ̈ GBP
	 	  ̈ JPY

 ̈ KRW

x USD

 ̈ Other

  
 1 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 This Google Services Agreement (this “Agreement”) is entered into by Google
Inc. (“Google”) and Kayak Software Corporation (“Company”) and is effective as of the Effective Date. For clarity, the Google Services Agreement, effective as of December 15, 2004, and a corresponding Google
Services Agreement Order Form, effective as of December 17, 2004, as amended, entered into by Google and Company will expire on October 31, 2010 (collectively, the “Prior Agreement”). 

 
 1. Definitions. In this Agreement: 

 
 1.1. “Ad” means an individual advertisement
provided through the applicable Advertising Service. 
  
 1.2. “Ad Deduction” means, for each of the Advertising Services, for any period during the Term, the Deduction Percentage (listed on the front pages of this Agreement) of Ad Revenues.

  
 1.3. “Ad Revenues” means, for
each of the Advertising Services, for any period during the Term, revenues that are recognized by Google and attributed to Ads in that period. 
  

1.4. “Ad Set” means a set of one or more Ads. 

 
 1.5. “Advertising Services” means the
advertising services selected on the front pages of this Agreement. 
  
 1.6. “Affiliate” of a party means any corporate entity that directly or indirectly controls, is controlled by or is under common control with that party. 

 
 1.7. “Brand Features” means each
party’s trade names, trademarks, logos and other distinctive brand features. 
  
 1.8. “Click Tracking” means click tracking or other click monitoring of Ads or Ad Sets on the Sites by Company. 

 
 1.9. “Company Content” means any content
served to End Users that is not provided by Google. 
  

1.10. “Confidential Information” means information disclosed by (or on behalf of) one party to the other party under this
Agreement that is marked as confidential or would normally be considered confidential under the circumstances in which it is presented. It does not include information that the recipient already knew, that becomes public through no fault of the
recipient, that was independently developed by the recipient, or that was lawfully given to the recipient by a third party. 
  

1.11. “End Users” means individual human end users of a Site. 
  
 1.12. “Google Branding Guidelines” means the brand treatment guidelines applicable to the
Services and located at the following URL: http://www.google.com/wssynd/02brand.html (or a different URL Google may provide to Company from time to time). 
  

1.13. “Google Program Guidelines” means the policy and implementation guidelines applicable to the Services and as
provided by Google to Company from time to time. A copy of the Google Program Guidelines in effect as of the Effective Date is attached hereto as Exhibit F. 

 
 1.14. “Intellectual Property Rights” means
all copyrights, moral rights, patent rights, trademarks, rights in or relating to Confidential Information and any other intellectual property or similar rights (registered or unregistered) throughout the world. 

 
 1.15. “Net Ad Revenues” means, for each of
the Advertising Services, for any period during the Term, Ad Revenues for that period minus the Ad Deduction for that period. 

  
 2 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 1.16. “Request” means a request from Company or an End User (as applicable)
to Google for a Search Results Set and/or an Ad Set (as applicable). 
  
 1.17. “Results” means Search Results Sets, Search Results, Ad Sets or Ads. 
  

1.18. “Results Page” means any Site page which contains any Results. 

 
 1.19. “Search Box” means a search box into
which End Users enter search queries. 
  
 1.20.
“Search Query” means a text query entered and submitted into a Search Box on the Site by an End User. 
  

1.21. “Search Result” means an individual search result provided through the applicable Search Service. 

 
 1.22. “Search Results Set” means a set of
one or more Search Results. 
  
 1.23. “Search
Services” means the search services selected on the front pages of this Agreement. 
  
 1.24. “Services” means the Advertising Services and/or Search Services (as applicable). 
  

1.25. “Site(s)” means North America Sites, APAC Sites and EMEA Sites including corresponding regional Co-Branded Site(s)
unless expressly stated otherwise in this Agreement. “North America Sites” means Owned and Operated Sites and Co-Branded Sites targeted to End Users in North America located at the URL(s) listed on Exhibit A of this
Agreement. “APAC Sites” means Web sites that are Owned and Operated Sites and Co-Branded Sites targeted to End Users in Asia Pacific region located at the URL(s) listed on Exhibit A of this Agreement. “EMEA
Sites” means Web sites that are Owned and Operated Sites and Co-Branded Sites targeted to End Users in Europe located at the URL(s) listed on Exhibit A of this Agreement. “Owned and Operated Sites” means the
Web site(s) that are wholly owned and operated by Company. “Co-Branded Site” is defined in Exhibit B attached hereto and listed in Exhibit A attached hereto. 

 
 2. Launch, Implementation and Maintenance of Services. 

 
 2.1. Launch. Certain Sites (including Co-Branded
Sites) under this Agreement were previously approved by Google to launch and maintain the Services under the Prior Agreement. Company will maintain the Services on such Sites in compliance with this Agreement commencing on the Effective Date. For
Sites that did not launch the Services prior to the Effective Date, (i) the parties will each use reasonable efforts to launch the Services into live use within 30 days from the Effective Date; and (ii) Company will not launch its
implementation of the Services into live use, and this implementation will not be payable by Google, until Google has approved the implementation in writing, which approval will not be unreasonably withheld or delayed. 

 
 2.2. Implementation and Maintenance 

 
 (a) During the Term, Google will make available and Company will implement
and maintain each Service on each Site. 
  
 (b)
Company will ensure that Company: 
  
 (i) is the
technical and editorial decision maker in relation to each page, including Results Pages; and 

  
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 (ii) has control over the way in which the Services are implemented on each of those pages.

  
 (c) Company will ensure that the Services are
implemented and maintained in accordance with: 
  

(i) the applicable Google Branding Guidelines; 
  

(ii) the applicable Google Program Guidelines; 
  

(iii) the mock ups and specifications for the Services included in the exhibits to this Agreement; and 

 
 (iv) Google technical protocols (if any) and any other
technical requirements and specifications applicable to the Services that are provided to Company by Google from time to time. 
  

(d) Company will request at least [    ]* for each Request. 

 
 (e) Company will ensure that every Request is generated by a Search Query and
every Request contains the Search Query that generated that Request. 
  
 (f) Google will, upon receiving a Request sent in compliance with this Agreement, provide an Ad Set when available. Company will then display the Ad Set on the applicable Site. 

 
 (g) Company will ensure that at all times during the
applicable Term, Company has a clearly labeled and easily accessible privacy policy in place relating to the Site(s) and that this privacy policy: 
  

(i) clearly discloses to End Users that third parties may be placing and reading cookies on End Users’ browsers, or using web
beacons or similar technologies to collect information in the course of advertising being served on the Site(s); and 
  

(ii) includes information about End Users’ options for cookie management. 
  
 2.3 No Modification of Search Query In General; Airport Code Remapping; [    ]*

  
 (a) No Modification of Search Query. For
Search Queries consisting of free form text inputted by an End User, Company will send the Search Queries to Google without modification, other than as permitted under Section 2.3(b) (Airport Code Remapping) or under Section 2.3(c)
(Appending Keywords) below. 
  
 (b) Airport
Code Remapping. For Search Queries consisting only of an airport code, Company may send to Google either the airport code as inputted by an End User or Company may remap the airport code either to (x) the city name or (y) the city and
state name; provided, however, that if Company opts to remap, Company will choose either remapping option (x) or (y) and apply that remapping option consistently across all Search Queries from such Site. With at least 15 days prior written
notice, Google may require Company to cease the implementation of remapping options of Search Queries and revert to use of airport codes as inputted by an End User if (1) Google receives advertiser complaints related to the remapping of Search
Queries; (2) if there is an adverse effect to Google’s business related to the remapping of Search Queries; or (3) Google offers services which provide a similar solution to that achieved by the keyword remapping set forth in this
subsection. 
  
 (c)
[    ]*. 
  

      [    ]* 

  
 4 

 
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SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 [    ]* 

 
 [    ]* 

 
 3. Policy and Compliance Obligations. 

 
 3.1 Policy Obligations. Company will not, and
will not knowingly or negligently allow any third party to: 
  
 (a)
modify, obscure or prevent the display of all, or any part of, any Results; 
  
 (b) edit, filter, truncate, append terms to or otherwise modify any Search Query, except as permitted in Sections 2.3(b) and 2.3(c) above; 
  
 (c) implement any click tracking or other monitoring of Results, except as provided in Section 5 below; 

 
 (d) display any Results in pop-ups, pop-unders, exit windows, expanding
buttons, animation or other similar methods; 
  
 (e) interfere with
the display of or frame any Results Page or any page accessed by clicking on any Results; 
  
 (f) display any content between any Results and any page accessed by clicking on those Results or place any interstitial content immediately before any Results Page containing any Results; 

 
 (g) enter into any type of co-branding, white labeling or sub-syndication
arrangement with any third party in connection with any Results or Ad revenue, [    ]*; 
  
 (h) directly or indirectly, (i) offer incentives to End Users to generate Requests or clicks on Results, (ii) fraudulently generate Requests or clicks on Results or (iii) modify Requests or
clicks on Results; 
  
 (i) “crawl”, “spider”,
index or in any non-transitory manner store or cache information obtained from the Services (including Results); and 
  

(j) display on any Site, any content that violates or encourages conduct that would violate the Google Program Guidelines, Google technical protocols and
any other technical requirements and specifications applicable to the Services that are provided to Company by Google from time to time. 
  

3.2 Compliance Obligations. Company will not knowingly or negligently allow any use of or access to the Services through any
Site which is not in compliance with the terms of this Agreement. Company will use commercially reasonable efforts to monitor for any such access or use and will, if any such access or use is detected, take all reasonable steps requested by Google
to disable this access or use. If Company is not in compliance with this Agreement at any time, Google may, with notice to Company, suspend provision of all (or any part of) the applicable Services until Company implements adequate corrective
modifications as reasonably required and determined by Google. 
  
 4. Third Party Advertisements. If for any Search Query, Company requests advertisements from a third party that are the same as or substantially similar in nature to AFS Ads, Company will also
request AFS Ads for that Search Query and will display the AFS Ads on the applicable Results Pages so that (i) no advertisements that are the same as or substantially similar in nature to the AFS Ads appear above or directly adjacent to the AFS
Ads, and (ii) the AFS Ads are displayed in a single continuous block and are not interspersed with other advertisements or content. For clarity, Company may display on the Site(s) advertisements that are directly sourced and sold by
Company’s internal sales force directly to a third party advertiser and the requirements of this Section 4 will not apply to such advertisements by Company. 

  
 5 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 5. Click Tracking. Company may implement Click Tracking in accordance with the Google
technical protocols, Google Program Guidelines and this Agreement. Company is responsible for the implementation and operation of any Click Tracking. 
  

6. Changes and Modifications.  
  

6.1. By Google. If Google modifies the Google Branding Guidelines, Google Program Guidelines or the Google technical
protocols and the modification requires action by Company, Company will take the necessary action no later than 30 days from receipt of notice from Google. Any modifications to the Google Branding Guidelines or Google Program Guidelines will be
generally applied to Google’s similarly situated customers in the same region who are using the specific Service impacted by the modification. 
  

6.2. By Company. Company will provide Google with at least 15 days prior notice of any change in code or serving technology
that relates to the Services provided in this Agreement, including any change that could reasonably be expected to affect the delivery or display of any Results. 

 
 6.3. Site List Changes. 

 
 (a) Company may notify Google from time to time that it wishes to add or
remove URL(s) to those comprising the Site(s) by sending notice to Google at least 30 days before Company wishes the addition or deletion to take effect; provided that Company may not add URL(s) to those comprising the Co-Branded Sites listed in
Exhibit A attached hereto. Google may approve or disapprove the request in its reasonable discretion, this approval or disapproval to be in writing. 

 
 (b) If there is a change in control of any Site (such that the conditions set
out in Section 2.2(b)(i) or 2.2(b)(ii) are not met): 
  
 (i) Company will provide notice to Google at least 30 days before the change; and 
  

(ii) unless the entire Agreement is assigned to the third party controlling the Site in compliance with Section 15.3 (Assignment)
below, from the date of that change in control of the Site, that Site will be treated as removed from this Agreement. Company will ensure that from that date, the Services are no longer implemented on that Site. 

 
 7. Intellectual Property. 

 
 Except to the extent expressly stated otherwise in this Agreement, neither
party will acquire any right, title or interest in any Intellectual Property Rights belonging to the other party, or to the other party’s licensors. 
  

8. Brand Features. 
  

8.1. Google grants to Company a non-exclusive and non-sublicensable license during the Term to use the Google Brand Features solely to
fulfill Company’s obligations in connection with the Services in accordance with this Agreement and the Google Branding Guidelines. Google may revoke this license at any time upon notice to Company. Any goodwill resulting from the use by
Company of the Google Brand Features will belong to Google. 
  
 8.2. Google may include Company’s Brand Features in customer lists. Google will provide Company with a sample of this usage if requested by Company. 

  
 6 

 
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 9. Payment. 
  

9.1. Advertising Services 
  

(a) For each applicable Advertising Service, Google will pay Company an amount equal to the applicable Revenue Share Percentage of Net Ad Revenues
attributable to a calendar month as set forth in Exhibit D attached hereto. This payment will be made in the month following the calendar month in which the applicable Ads were displayed. 

 
 (b) Google’s payments for Advertising Services under this Agreement will
be based on Google’s accounting which may be filtered to exclude invalid queries, impressions, conversions or clicks. 
  

9.2. All Services 
  

(a) As between Google and Company, Google is responsible for all taxes (if any) associated with the transactions between Google and advertisers in
connection with Ads displayed on the Sites. Company is responsible for all taxes (if any) associated with the Services, other than taxes based on Google’s net income. All payments to Company from Google in relation to the Services will be
treated as inclusive of tax (if applicable) and will not be adjusted. If Google is obligated to withhold any taxes from its payments to Company, Google will notify Company of this and will make the payments net of the withheld amounts. Google will
provide Company with original or certified copies of tax payments (or other sufficient evidence of tax payments) if any of these payments are made by Google. 
  

(b) All payments due to Google or to Company will be in the currency specified in this Agreement and made by electronic transfer to the account notified
to the paying party by the other party for that purpose. The party receiving payment will be responsible for any bank charges assessed by the recipient’s bank. 

 
 (c) In addition to other rights and remedies Google may have, Google may
offset any payment obligations to Company that Google may incur under this Agreement against any product or service fees owed to Google and not yet paid by Company under this Agreement or any other agreement between Company and Google; provided that
Company is at least 30 days overdue. Prior to offsetting any such amounts, Google will provide Company with notice and a 5 day cure period. Google may also withhold and offset against its payment obligations under this Agreement, or require Company
to pay to Google within 30 days of any invoice, any amounts Google may have overpaid to Company in prior periods. 
  
 (d) SAS 70. Upon written request to Google (not more than once during the Term), Google will make available to Company a SAS70 report from a reputable, independent certified public accounting firm
covering the key controls and validation mechanisms in place at Google to meet the revenue reporting obligations under this Agreement. 
  

10. Warranties; Disclaimers. 
  

10.1. Warranties. Each party warrants that (a) it has full power and authority to enter into this Agreement; and
(b) entering into or performing under this Agreement will not violate any agreement it has with a third party.  
  

10.2. Disclaimers. Except as expressly provided for in this Agreement and to the maximum extent permitted by applicable law,
NEITHER PARTY MAKES ANY WARRANTY OF ANY KIND, WHETHER IMPLIED, STATUTORY, OR OTHERWISE AND DISCLAIMS, WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR USE, AND NONINFRINGEMENT. 

  
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 11. Indemnification. 

 
 11.1. By Company. Company will indemnify,
defend, and hold harmless Google from and against all liabilities, damages, and costs (including settlement costs) arising out of a third party claim: (a) arising from any Company Content, Sites or Company Brand Features; (b) arising from
Company’s breach of this Agreement; or (c) arising from Click Tracking. 
  
 11.2. By Google. Google will indemnify, defend, and hold harmless Company from and against all liabilities, damages, and costs (including settlement costs) arising out of a third party
claim: (a) that Google’s technology used to provide the Services or any Google Brand Features infringes or misappropriates any copyright, trade secret, trademark or US patent of that third party; or (b) arising from Google’s
breach of this Agreement. For purposes of clarity, Google will not have any obligations or liability under this Section 11 arising from any Search Results, Ads, content appearing in Search Results or Ads, or content to which Search Results or
Ads link.  
  
 11.3. General.
The party seeking indemnification will promptly notify the other party of the claim and cooperate with the other party in defending the claim. The indemnifying party has full control and authority over the defense, except that any settlement
requiring the party seeking indemnification to admit liability or to pay any money will require that party’s prior written consent, such consent not to be unreasonably withheld or delayed. The other party may join in the defense with its own
counsel at its own expense. THE INDEMNITIES IN SUBSECTIONS 11.1(a) and 11.2(a) ARE THE ONLY REMEDY UNDER THIS AGREEMENT FOR VIOLATION OF A THIRD PARTY’S INTELLECTUAL PROPERTY RIGHTS. 
  
 12. Limitation of Liability. 
  

12.1. Limitation 
  

(a) NEITHER PARTY WILL BE LIABLE UNDER THIS AGREEMENT FOR LOST REVENUES OR INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES,
EVEN IF THE PARTY KNEW OR SHOULD HAVE KNOWN THAT SUCH DAMAGES WERE POSSIBLE AND EVEN IF DIRECT DAMAGES DO NOT SATISFY A REMEDY. 
  

(b) NEITHER PARTY WILL BE LIABLE UNDER THIS AGREEMENT FOR MORE THAN THE NET AMOUNT THAT PARTY HAS RECEIVED AND RETAINED UNDER THIS AGREEMENT DURING THE 12
MONTHS BEFORE THE CLAIM ARISES. 
  
 12.2.
Exceptions to Limitations. These limitations of liability do not apply to breaches of confidentiality obligations contained in this Agreement, violations of a party’s Intellectual Property Rights by the other party, or
indemnification obligations contained in this Agreement. 
  

13. Confidentiality; PR. 
  

13.1. Confidentiality. The recipient of any Confidential Information will not disclose that Confidential Information, except
to Affiliates, employees, and/or agents who need to know it and who have agreed in writing to keep it confidential. The recipient will ensure that those people and entities use Confidential Information only to exercise rights and fulfill obligations
under this Agreement and keep the Confidential Information confidential. The recipient may also disclose Confidential Information when required by law after giving the discloser reasonable notice and the opportunity to seek confidential
treatment, a protective order or similar remedies or relief prior to disclosure. 
  
 13.2. Exceptions. 
  
 (a) Notwithstanding Section 13.1 above, Google may (a) inform advertisers of Company’s participation in the Google AdSense Program; and (b) share with advertisers Site-specific
statistics, the Site URL, and related information collected by Google through its provision of the Advertising Service to 

  
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Company. Disclosure of information by Google under this subsection 13.2(a) will be subject to the terms of the Google Privacy Policy located at the following URL:
http://www.google.com/privacypolicy.html (or a different URL Google may provide to Company from time to time). 
  

13.3. PR. Neither party will issue any public statement regarding this Agreement without the other party’s prior
written approval.  
  
 14. Term and Termination.

  
 14.1. Term. The term of this
Agreement is the Term stated on the front pages of this Agreement, unless earlier terminated as provided in this Agreement.  
  

14.2. Termination. 
  

(a) Either party may terminate this Agreement with notice if the other party is in material breach of this Agreement: 

 
 (i) where the breach is incapable of remedy; 

 
 (ii) where the breach is capable of remedy and the party in
breach fails to remedy that breach within 30 days after receiving notice from the other party; or 
  
 (iii) more than twice even if the previous breaches were remedied. 
  
 (b) Google reserves the right to suspend or terminate Company’s use of any Services that are alleged or reasonably believed by Google to infringe or violate a third party right. If any suspension of
a Service under this subsection 14.2(b) continues for more than 6 months, Company may immediately terminate this Agreement upon notice to Google. 
  

(c) [    ]* 
  

(d) Upon the expiration or termination of this Agreement for any reason: 

 
 (i) all rights and licenses granted by each party will cease
immediately; and 
  
 (ii) if requested, each party
will use commercially reasonable efforts to promptly return to the other party, or destroy and certify the destruction of, all Confidential Information disclosed to it by the other party. 
  
 15. Miscellaneous.  
  

15.1. Compliance with Laws. Each party will comply with all applicable laws, rules, and regulations in fulfilling its
obligations under this Agreement.  
  

15.2. Notices. All notices will be in writing and addressed to the attention of the other party’s Legal Department and
primary point of contact. Notice will be deemed given (a) when verified by written receipt if sent by personal courier, overnight courier, or mail; or (b) when verified by automated receipt or electronic logs if sent by facsimile or
email. 
  
 15.3. Assignment.
Neither party may assign or transfer any part of this Agreement without the written consent of the other party, except to an Affiliate but only if (a) the assignee agrees in writing to be bound by the terms of this Agreement and (b) the
assigning party remains liable for obligations under this Agreement. Any other attempt to transfer or assign is void.  

  
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 15.4. Change of Control. Upon the earlier of (i) entering into an
agreement providing for a change of control (for example, through a stock purchase or sale, merger, asset sale, liquidation or other similar form of corporate transaction), (ii) the board of directors of a party recommending its shareholders
approve a change of control, or (iii) the occurrence of a change of control (each, a “Change of Control Event”), the party experiencing the Change of Control Event will provide notice to the other party promptly, but no later
than 3 days, after the occurrence of the Change of Control Event. The other party may terminate this Agreement by sending notice to the party experiencing the Change of Control Event and the termination will be effective upon the earlier of delivery
of the termination notice or 3 days after the occurrence of the Change of Control Event. 
  
 15.5. Governing Law. This Agreement is governed by New York law, excluding New York’s choice of law rules. FOR ANY DISPUTE ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE PARTIES CONSENT TO
PERSONAL JURISDICTION IN, AND THE EXCLUSIVE VENUE OF, THE COURTS IN NEW YORK COUNTY, NEW YORK. 
  
 15.6. Equitable Relief. Nothing in this Agreement will limit either party’s ability to seek equitable relief. 

 
 15.7. Entire Agreement; Amendments. This Agreement is
the parties’ entire agreement relating to its subject and supersedes any prior or contemporaneous agreements on that subject. Any amendment must be in writing signed by both parties and expressly state that it is amending this Agreement.

  
 15.8. No Waiver. Failure to enforce any
provision will not constitute a waiver. 
  
 15.9.
Severability. If any provision of this Agreement is found unenforceable, the balance of this Agreement will remain in full force and effect. 
  

15.10. Survival. The following sections of this Agreement will survive any expiration or termination of this Agreement: 1
(Definitions) as applicable, 7 (Intellectual Property), 11 (Indemnification), 12 (Limitation of Liability), 13 (Confidentiality; PR) and 15 (Miscellaneous). 
  

15.11. Independent Contractors. The parties are independent contractors and this Agreement does not create an agency, partnership,
or joint venture. 
  
 15.12. No Third Party
Beneficiaries. There are no third-party beneficiaries to this Agreement. 
  
 15.13. Force Majeure. Neither party will be liable for inadequate performance to the extent caused by a condition (for example, natural disaster, act of war or terrorism, riot, labor condition,
governmental action, and Internet disturbance) that was beyond the party’s reasonable control. 
  
 15.14. Counterparts. The parties may execute this Agreement in counterparts, including facsimile, PDF or other electronic copies, which taken together will constitute one instrument. 

 
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page follows.] 

  
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 Signed: 

 

									
	Google	 		 	Company
					
	By:	 	 /s/ Nikesh Arora
	 		 	By:	 	 /s/ Keith Melnick

					
	Print Name:	 	 Nikesh Arora
	 		 	Print Name:	 	 Keith Melnick

					
	Title:	 	 President, Global Sales and Business
	 		 	Title:	 	 Chief Commercial Officer

					
		 	 Development
	 		 		 	
					
	Date:	 	 2010/12/2
	 		 	Date:	 	 Nov. 30, 2010

  
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 EXHIBIT A 

 
 List of Sites 

 
 SITES: 
  

	 	•	 	 North America Sites: 

  

North America Owned and Operated Sites 
 [    ]* 
  
 North America Co-Branded Sites 
 [    ]* 

 

	 	•	 	 EMEA Sites: 

  

EMEA Owned and Operated Sites 
 [    ]* 
  
 EMEA Co-Branded Sites 
 [    ]* 

 

	 	•	 	 APAC Sites 

  

APAC Owned and Operated Site 
 [    ]* 

  
 12 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 EXHIBIT B 

 
 [    ]* 

  
 13 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 EXHIBIT C 

 
 [    ]* 

  
 14 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 EXHIBIT D 

 
 AFS Revenue Share Percentage 

 
 North America Sites: 

 

	 	•	 	 [    ]* of Net Ad Revenues for AFS if AFS Ad Revenues from all North America Sites in a given calendar month are less than
[    ]*. 

  

	 	•	 	 [    ]* of Net Ad Revenues for AFS if AFS Ad Revenues from all North America Sites in a given calendar month are equal to or
greater than [    ]* but less than [    ]*. 

  

	 	•	 	 [    ]* of Net Ad Revenues for AFS if AFS Ad Revenues from all North America Sites in a given calendar month are equal to or
greater than [    ]* but less than [    ]*. 

  

	 	•	 	 [    ]* of Net Ad Revenues for AFS if AFS Ad Revenues from all North America Sites in a given calendar month are equal to or
greater than [    ]*. 

  

EMEA Sites: 
  

	 	•	 	 [    ]* of Net Ad Revenues for AFS if AFS Ad Revenues from all EMEA Sites in a given calendar month are less than
[    ]*. 

  

	 	•	 	 [    ]* of Net Ad Revenues for AFS if AFS Ad Revenues from all EMEA Sites in a given calendar month are equal to or greater than
[    ]* but less than [    ]*. 

  

	 	•	 	 [    ]* of Net Ad Revenues for AFS if AFS Ad Revenues from all EMEA Sites in a given calendar month are equal to or greater than
[    ]*. 

  
 APAC Sites:

  

	 	•	 	 [    ]* of Net Ad Revenues for AFS for each calendar month. 

  
 15 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 EXHIBIT E 

 
 Mock-up of a Results Page showing Search Results and AFS
Ads on a Site 
  

 

 

  
 16 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 EXHIBIT F 

 
 Google Program Guidelines in effect as of the Effective
Date 

  
 17 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 

 

  
 18 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 

 

  
 19 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 

 

  

  
 20 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

 

 

  

  
 21 

 
 *CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.Executive Employment Agreement

 Exhibit 10.22 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Employment Agreement is made
as of March 2, 2004, by and between Daniel Stephen Hafner (the “Executive”) and Travel Search Company, Inc. (the “Company”). 

WHEREAS, on the date hereof, the Company and certain investors (the “Investors”) have entered into a Series A
Convertible Stock Purchase Agreement, whereby, among other things, the Company has agreed to sell, and the Investors have agreed to purchase, shares of the Company’s Series A Convertible Preferred Stock (the “Purchase Agreement”).

 WHEREAS, it is a condition precedent to the Investors commitments under the Purchase Agreement that the Company and
the Executive enter into this Agreement. 
 WHEREAS, the Executive’s senior managerial position requires that he be
trusted with extensive confidential information and trade secrets of the Company and that he develop a thorough and comprehensive knowledge of all details of the Company’s business, including, but not limited to, information relating to
research, development, inventions, purchasing, accounting, marketing, distribution and licensing of the Company’s products and services. 
 NOW, THEREFORE, in consideration of the foregoing and the agreements herein contained, and intending to be legally bound, the parties hereby agree as follows: 

1. Position and Responsibilities. The Company agrees to employ the Executive as, and the Executive agrees to serve as, the Chief
Executive Officer (“CEO”) of the Company. The Executive agrees to devote all of his business time and efforts to the performance of his duties hereunder. The Executive shall at all times report to, and his activities shall at all times be
subject to the direction and control of, the Board of Directors, and the Executive shall exercise such powers and comply with and perform, faithfully and to the best of his ability, such directions and duties in relation to the business and affairs
of the Company as may from time to time be vested in or reasonably requested of him. 
 2. Term. The parties agree that
the Executive’s employment with the Company shall be for a two-year term, ending on March 2, 2006 (the “Term”). This Agreement shall be automatically renewed, and the Term shall be extended, for one year terms thereafter unless
the Board of Directors, in its sole discretion, notifies the Executive that it will not renew this Agreement at least thirty (30) days before the termination of the then current Term. Notwithstanding the foregoing, the Company may terminate the
employment relationship and this Agreement at any time, for any or no reason, with or without Cause (as defined below), with or without prior notice to the other party, but subject to Section 4 hereof. 

3. Compensation and Benefits. As compensation for the satisfactory performance by the Executive of his duties and obligations
hereunder to the Company and subject to the provisions of Section 4, the Executive shall receive: 
 3.1. Base
Salary. The Executive’s initial salary shall be paid at a rate of $18,750 per month (the “Base Salary”) (annualized salary of $225,000). The Base Salary shall be payable in accordance with the customary payroll practices of
the Company as may be established or modified from time to time. The Board of Directors in its sole discretion may adjust the Base Salary at any time. All payments shall be subject to all applicable federal, state and/or local payroll and
withholding taxes. 

 3.2. Stock Bonus. The Executive shall be eligible to receive an annual stock bonus of
shares of restricted Common Stock (the “Bonus Stock”) based upon criteria determined by the Board of Directors in their sole discretion. The number of shares of Bonus Stock that the Executive shall be eligible to receive with respect to a
calendar year shall be equal to the number obtained by dividing (a) the aggregate amount of Base Salary earned by the Executive during such year, by (b) the per share fair market value of one share of the Company’s Common Stock as of
the date of issuance of the Bonus Stock, as determined in good faith by the Board of Directors. All Bonus Stock shall be issued as promptly as reasonably practicable after the end of each calendar year pursuant to, and shall be subject to the terms
and restrictions of, the Company’s equity incentive plan and restricted stock agreements, in each case as approved by the Board of Directors. In order to be eligible to receive Bonus Stock with respect to any calendar year, the Executive must
be employed by the Company as of December 31 of such year; provided, however, that if, prior to the date of actual issuance of any Bonus Stock with respect to a calendar year, the Executive’s employment with the Company is terminated for
Cause (as defined below), then the Company shall not be obligated to issue such Bonus Stock to the Executive and all rights of the Executive to such Bonus Stock shall be thereby forfeited. 

3.3. Benefits. During the Executive’s employment, and subject to any contribution generally required of executives of the
Company, the Executive shall be eligible to participate in all employee health and benefits plans, as may be from time to time adopted by the Company and in effect for executives of the Company in similar positions. The Executive’s
participation shall be subject to (i) the terms of the applicable plan documents and (ii) generally applicable Company policies. In addition, the Executive shall be entitled to receive four weeks vacation, which shall be accrued and
utilized in accordance with the Company’s vacation policy/practice as established and/or modified from time to time. 
 The
Company’s plans and policies shall govern all other benefits. The Company and/or the Board of Directors may alter, modify, add to, or delete its employee benefits plans and policies at any time as the Company and/or the Board of Directors, in
its or their sole judgment, determines to be appropriate. 
 3.4. Business Expenses. The Company shall pay or reimburse
the Executive for all reasonable business expenses incurred or paid by the Executive in the performance of his duties and responsibilities hereunder, subject to (i) any reasonable expense policy of the Company, as set by the Company and/or the
Board of Directors from time to time and generally applicable to executives of the Company in similar positions, and (ii) such reasonable substantiation and documentation requirements as may be specified by the Company and/or Board of Directors
from time to time (the “Business Expenses”). 

 4. Termination of Employment. Notwithstanding the provisions of Section 2 and 3
hereof, the Executive’s employment and this Agreement shall terminate under the following circumstances: 
 4.1. Death
or Disability. In the event of the Executive’s death or Disability (as defined herein) during the Executive’s employment hereunder, the Executive’s employment and this Agreement shall immediately and automatically terminate, and
the Company shall pay to the Executive (or in the case of death, the Executive’s designated beneficiary or, if no beneficiary has been designated by the Executive, his estate), any Base Salary earned but unpaid through the date of death or
Disability and any accrued but unused vacation through the date of death or Disability and reimburse the Executive for Business Expenses incurred through such date. In addition, the Company shall pay the Executive, its beneficiary or its estate, as
the case may be, any bonus earned by the Executive for any calendar year ending prior to the date of termination that remains unpaid (including Bonus Stock) and the pro rata portion of any bonus earned by the Executive during the then current
calendar year that remains unpaid (including Bonus Stock), each in accordance with bonus plans or practices established by the Company in its sole discretion. For the purposes of this Agreement, “Disability” shall mean any physical
incapacity or mental incompetence (i) as a result of which the Executive is unable to perform the essential functions of his job for an aggregate of 90 days, whether or not consecutive, during any 180-day period and the Company determines in
good faith that such incapacity or incompetence is likely to continue for at least the next 30 days, and (ii) which cannot be reasonably accommodated by the Company without undue hardship. 

4.2. By the Company for Cause. 
 (a) The Company may terminate the Executive’s employment and this Agreement for Cause at any time. Upon termination for Cause, the Company shall have no further obligation or liability to the
Executive relating to the Executive’s employment or this Agreement, other than any Base Salary earned but unpaid through the date of termination, accrued but unused vacation through the date of termination and reimbursement of Business Expenses
incurred through the date of termination. 
 (b) The following events or conditions shall constitute “Cause”
for termination of the Executive’s employment and this Agreement: (i) failure or refusal of the Executive to perform his reasonably assigned duties to the Company; (ii) material breach of this Agreement, the Non-Competition Agreement
(as defined in Section 6) or any other agreement between the Company and the Executive relating to the Executive’s employment; (iii) embezzlement, misappropriation of assets or property (tangible or intangible) of the Company;
(iv) gross negligence, misconduct, neglect of duties, theft, dishonesty or fraud with respect to the Company, or breach of fiduciary duty to the Company; or (v) the indictment or conviction of a felony, or any crime involving moral
turpitude, including a plea of guilty or nolo contendre. 

 4.3. By the Company other than for Cause or by the Executive for Good Reason.

 (a) The Company may terminate the Executive’s employment and this Agreement other than for Cause at any time. In
addition, the Executive may terminate his employment and this Agreement for Good Reason (as defined below). If (i) the Company terminates the Executive’s employment and this Agreement other than for Cause or (ii) the Executive
terminates his employment and this Agreement for Good Reason, the Executive will be entitled to Base Salary earned but unpaid though the date of termination, accrued but unused vacation through the date of termination, reimbursement of Business
Expenses incurred through the date of termination and salary continuation at the Base Salary rate for a period of six (6) months from the termination date, to be paid in accordance with the Company’s payroll practice then in effect and
reimbursement of Business Expenses incurred through such date. If the Executive elects to continue medical insurance coverage after the termination date in accordance with the provisions of the Consolidated Omnibus Reconciliation Act of 1985
(“COBRA”), then the Company shall pay his monthly COBRA premium payments for the period of salary continuation payments or until he accepts other employment, whichever occurs first. In addition, the Company shall pay the Executive any
bonus earned by the Executive for any calendar year ending prior to the date of termination that remains unpaid (including Bonus Stock) and the pro rata portion of any bonus earned by the Executive during the then current calendar year that remains
unpaid (including Bonus Stock), each in accordance with bonus plans or practices established by the Company in its sole discretion. The Company shall have no other obligations to the Executive upon termination of employment other than for Cause or
for Good Reason. The Company’s obligation to provide any of the amounts and benefits hereunder shall be subject to, and conditioned upon, the Executive’s execution of a full release of claims reasonably satisfactory to the Company,
releasing the Company and its employees and agents from any claims arising from or related to the Executive’s employment or severance from employment with the Company, including any claims arising from this Agreement. 

(b) For purposes of this Agreement, “Good Reason” shall exist upon (i) mutual written agreement by the Executive and the
Board of Directors that Good Reason exists; (ii) a material violation by the Company of this Agreement that continues uncured for a period of thirty (30) days after notice thereof by the Executive; (iii) demotion of the Executive,
without his prior consent, to a position that does not include significant managerial responsibilities; (iv) reduction in the Executive’s Base Salary, other than in connection with, and substantially proportionate to, a general salary
reduction program that applies to the Company’s executive officers; or (v) a relocation of the Company occurring before February 26, 2006 that requires the Executive to commute to an office that is more than sixty miles away from both
Norwalk, Connecticut and Waltham, Massachusetts. 
 4.4. By the Executive other than for Good Reason. If the Executive
chooses to terminate his employment with the Company for any reason other than Good Reason, the Company shall have no further obligation or liability to the Executive relating to the Executive’s employment or this Agreement, other than
(i) Base Salary earned but unpaid though the date of termination, (ii) accrued but unused vacation through the date of termination, (iii) reimbursement of Business Expenses incurred through the date of termination and (iv) any
bonus earned by the Executive for any calendar year ending prior to the date of termination that remains unpaid (including Bonus Stock) in accordance with bonus plans or practices established by the Company in its sole discretion. 

5. Effect of Termination. The provisions of this Section 5 shall apply in the event of termination of this Agreement and/or
the Executive’s employment pursuant to Section 4. 

 5.1. Payment in Full. Payment by the Company to the Executive of any Base Salary and
other compensation amounts as specified in Section 4 shall constitute the entire obligation of the Company to the Executive, except that nothing in this Section 5.1 is intended or shall be construed to affect the rights and obligations of
the Company, on the one hand, and the Executive, on the other, with respect to any loans, stock warrants, stock pledge arrangements, option plans or other agreements to the extent said rights or obligations survive the Executive’s termination
of employment under the provisions of documents relating thereto. 
 5.2. Termination of Benefits. Except for any right
of continuation of benefits coverage to the extent provided by this Agreement and/or COBRA, or other applicable law, benefits shall terminate pursuant to the terms of the applicable benefit plans as of the termination date of the Executive’s
employment. 
 5.3. Cessation of Severance and Benefits. If the Executive breaches his obligations under this Agreement
and/or the Non-Competition Agreement, the Company may immediately cease payment of all severance and benefits described in this Agreement. The cessation of these payments shall be in addition to, and not as an alternative to, any other remedies at
law or in equity available to the Company, including the right to seek specific performance or an injunction. 
 6.
Non-Competition, Nondisclosure and Developments Obligations. As a condition of the Company entering into this Agreement, the Executive agrees to execute, prior to or contemporaneous with the execution of this Agreement by the Company, the
Company’s Employee Non-Competition, Nondisclosure and Developments Agreement, attached hereto as Exhibit A (the “Non-Competition Agreement”). The obligations of the Executive under the Non-Competition Agreement expressly
survive any termination of the Executive’s employment, regardless of the manner of such termination, or termination of this Agreement. 
 7. Conflicting Agreements. The Executive hereby warrants that the execution of this Agreement and the performance of his obligations hereunder will not breach or be in conflict with any other
agreement to which or by which the Executive is a party or is bound and that the Executive is not now subject to and will not enter into any agreement, including, without limitation, any covenants against competition or similar covenants that would
affect the performance of his obligations hereunder. 
 8. Withholding; Taxes. All payments made by the Company under
this Agreement shall be subject to and reduced by any federal, state and/or local taxes or other amounts required to be withheld by the Company under any applicable law. 

 9. Arbitration. 

9.1. The parties agree that any legal disputes arising out of or related to this Agreement, the Executive’s employment, and/or
termination of employment and/or termination of this Agreement (including but not limited to claims arising under federal or state statute, contract, tort, or public policy) that may occur between the Executive and the Company, and which disputes
cannot be resolved informally, will be resolved exclusively though final and binding arbitration. The parties will be precluded from raising in any other forum, including, but not limited to, any federal or state court of law, or equity, any claim
which could be raised in arbitration; provided, however that nothing in this Agreement precludes the Executive from filing a charge or from participating in an administrative investigation of a charge before an appropriate government agency or the
Company from initiating an arbitration over a matter covered by this Agreement. Notwithstanding the foregoing, the Executive agrees that in the event of a breach or threatened breach of this Agreement or of any agreement related to the
Executive’s employment, including without limitation, the Non-Competition Agreement, the Company shall be entitled, in addition to all other rights and remedies existing in its favor, including the Company’s right to arbitrate disputes
arising out of this Agreement pursuant to this paragraph, to apply to any court of competent jurisdiction for specific performance and/or injunctive or other relief. Further, the Company agrees that the agreement to arbitrate does not apply to
claims by the Executive for unemployment compensation or workers’ compensation benefits and/or claims brought under the Employee Retirement Income Security Act. 
 9.2. Each party may demand arbitration, no later than one hundred eighty (180) days after the date on which the claim arose, by submitting to the other party a written demand which states:
(i) the claim asserted, (ii) the facts alleged, (iii) the applicable statute or principal of law (e.g., breach of contract) upon which the demand is based, and (iv) the remedy sought. Any response to such demand must be made, in
writing, within twenty (20) days after receiving the demand, and will specifically admit or deny each factual allegation. 

9.3. The arbitration shall be held in Boston, Massachusetts, and, except to the extent inconsistent with this Agreement, will be
conducted in accordance with the Rules for Employment Arbitration of the American Arbitration Association (AAA), and otherwise in accordance with principles that would be applied by a court of law or equity. Each party will bear its own costs and
attorney’s fees. The arbitrator will have the power to award any types of legal or equitable relief that would be available in a court of competent jurisdiction. Any relief or recovery to which either party is entitled (including, but not
limited to, any claim of unlawful discrimination) will be limited to that awarded by the arbitrator. 
 10.
Miscellaneous. 
 10.1. Assignment. This Agreement shall inure to the benefit of the Company and shall be binding
upon the Company and the Executive, and their respective successors, executors, administrators, heirs and permitted assigns; provided, however, that (i) the Executive shall not assign this Agreement or any interest herein and
(ii) the Company may not assign this Agreement to a third party without the consent of the Executive, except that no such consent shall be required if the Company assigns this Agreement to another entity in connection with a merger,
consolidation, corporate reorganization, change of control or sale of all or substantially all of its assets, and it is specifically understood and agreed that no such assignment, in and of itself, shall be deemed to be a “termination” of
the Executive’s employment with the Company within the meaning of Section 4 hereof. 
 10.2. Severability. If
any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the application of such provision in such circumstances shall be modified to permit its enforcement to the
maximum extent permitted by law, and both the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable and the remainder of this Agreement shall not be affected thereby, and
each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 

 10.3. Waiver; Amendment. No waiver of any provision hereof shall be effective unless
made in writing and signed by the waiving party. The failure of a party to require the performance of any term or obligation of this Agreement, or the waiver by a party of any breach of this Agreement, shall not prevent any subsequent enforcement of
such term or obligation or be deemed a waiver of any subsequent breach by such party. This Agreement may be amended or modified only by a written instrument signed by the Executive and/or an authorized member of the Board of Directors. 

10.4. Notices. Any notice, consent, waiver and other communications required or permitted pursuant to the provisions of this
Agreement must be in writing and will be deemed to have been properly given (a) when delivered by hand; (b) when sent by facsimile (with acknowledgment of complete transmission), provided that a copy is mailed by U.S. certified mail,
return receipt requested; (c) three (3) days after sent by certified mail, return receipt requested; or (d) one (1) day after deposit with a nationally recognized overnight delivery service, in each case to the appropriate
addresses and facsimile numbers set forth below: 
 If to the Company: 

Travel Search Company, Inc. 
 20 Marshall Street, S320 
 Norwalk, CT 06854 

Attn: President and Board of Directors 
 Telecopy No.: (203) 899-3125 
 If to Executive: 

Daniel S. Hafner 
 2347 Bronson Road 
 Fairfield, CT 06824 

Telecopy No.: (203) 259-0350 
 Each party will be entitled to specify a different address or facsimile number for the receipt of subsequent notices by giving written notice thereof to the other party in accordance with this
Section 10.4. 
 10.5. Entire Agreement. This Agreement, the Non-Competition Agreement, the Restricted Stock
Agreement, dated as of March 2, 2004, by and between the Company and the Executive, and Company’s equity incentive plan (and any option agreement or stock purchase agreement related thereto) constitute the entire agreement between the
Company and the Executive with respect to the subject matter hereof and supersedes all prior communications, agreements and understandings, written or oral, between the Executive and the Company with respect to subject matter hereof. 

10.6. Counterparts. This Agreement may be executed in counterparts, each of which shall be original and all of which together
shall constitute one and the same instrument. 

 10.7. Governing Law. This Agreement, the employment relationship contemplated herein
and any claim arising from such relationship, whether or not arising under this Agreement, shall be governed by and construed in accordance with the internal laws of the Commonwealth of Massachusetts, without giving effect to any choice or conflict
of laws provision or rule thereof. 
 10.8. Consent to Jurisdiction. To the extent any claim or action (i) arising
out of or based upon this Agreement; (ii) arising out of or based upon the Executive’s employment with the Company and/or termination thereof; or (iii) relating to the subject matter hereof, is not subject to mandatory arbitration
pursuant to paragraph 9 herein, each of the Company and the Executive, by its or his execution hereof, hereby irrevocably submits to the exclusive jurisdiction of the state or federal courts of Massachusetts and agrees not to commence any such claim
or action other than in the above-named courts. 
 10.9. Key Man Life Insurance. If the Company, in its sole discretion,
desires to procure “key man” insurance covering the life of the Executive, the Executive shall cooperate with the Company in procuring such insurance and shall, at the request of the Company, submit to such medical examinations, supply
such information and execute such documents as may be required by the insurance company to which the Company has applied for insurance. The Executive shall use the Executive’s reasonable best efforts to qualify for the standard premium category
of such insurance company. The Executive shall have no interest whatsoever in any “key man” insurance policy procured by the Company. 
 10.10. Income Tax Treatment. The Executive and the Company acknowledge that it is the intention of the Company to deduct all amounts paid by the Company to the Executive pursuant to this Agreement,
as ordinary and necessary business expenses for income tax purposes. The Executive agrees and represents that the Executive will treat all such amounts as ordinary income for income tax purposes, and should the Executive report such amounts as other
than ordinary income for income tax purposes, the Executive will indemnify and hold the Company harmless from and against any and all taxes, penalties, interest, costs and expenses, including reasonable attorneys’ and accounting fees and costs,
that are incurred by Company directly or indirectly as a result thereof. 
 10.11. Cooperation with Regard to Litigation.
The Executive agrees to cooperate with the Company, during the Term and thereafter, by making himself available to testify on behalf of the Company or any affiliate of the Company, in any action, suit or proceeding, whether civil, criminal,
administrative or investigative, and to assist the Company, or any affiliate of the Company, in any such action, suit or proceeding, by providing information and meeting and consulting with the Board of Directors or its representatives or counsel,
or representatives or counsel to the Company or any affiliate of the Company, as reasonably requested and at a time mutually convenient to the Executive and the Company. The Company agrees to reimburse the Executive for all reasonable expenses
actually incurred in connection with his provision of testimony or assistance. 
 10.12. Headings. The headings and other
captions in this Agreement are included solely for convenience of reference and will not control the meaning and interpretation of any provision of this Agreement. 

 10.13. No Strict Construction. The language used in this Agreement will be deemed to
be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any person. 
 [signature page follows] 

 IN WITNESS WHEREOF, this Agreement has been executed by the Company, by its duly
authorized representative, and by the Executive, as of the date first above written. 
  

			
	COMPANY
	
	TRAVEL SEARCH COMPANY, INC.
		
	By:	 	 /s/ Paul
English

			
		
	Name:	 	 Paul
English

			
		
	Title:	 	 CTO

 

	
	EXECUTIVE
	
	 /s/ Daniel Stephen Hafner

	Daniel Stephen Hafner

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