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                                                                    Exhibit 10.1

                       FORM OF SECOND AMENDED AND RESTATED
                       AIRLINE CHARTER ASSOCIATE AGREEMENT

     This SECOND AMENDED AND RESTATED AIRLINE CHARTER ASSOCIATE AGREEMENT (this
"Agreement") is made and entered into as of this ___ day of December, 2003 (the
"IPO Date"), by and between Orbitz, LLC, a Delaware limited liability company
("Company") and the undersigned airline ("Airline"). For the purposes of this
Agreement, the term "Airline" will include all Affiliates of Airline that
operate Air Travel.

                                  INTRODUCTION

     WHEREAS, Company and Airline entered into that certain Amended and Restated
Airline Charter Associate Agreement, dated as of May 9, 2000 (the "Charter
Agreement") in connection with the formation of the Company pursuant to which
Airline agreed to participate in the Company Site as an Airline Charter
Associate on the terms and conditions set forth in the Charter Agreement;

     WHEREAS, Company and Airline amended the Charter Agreement pursuant to the
First Amendment to Airline Charter Associate Agreement, dated as of May 19, 2001
to: (1) revise the definition of the term "Launch Date", as set forth in Section
2.3 of the Charter Agreement, to be June 1, 2001; (2) amend and restate Exhibit
C to the Charter Agreement, in its entirety; and (3) revise the definition of
"Effective Date", as set forth in the first paragraph of the Charter Agreement,
to be May 19, 2001;

     WHEREAS, in connection with a contemplated initial public offering of
Orbitz, Inc., a Delaware corporation (the "IPO"), Airline will exchange all of
its membership interests in the Company for shares of capital stock of Orbitz,
Inc.; and

     WHEREAS, in connection with the IPO, Company and Airline desire to amend
and restate the Charter Agreement in its entirety;

     NOW, THEREFORE, it is mutually agreed that:

1.   DEFINITIONS. The terms defined in EXHIBIT A will have the meaning assigned
to them for the purposes of this Agreement.

2.   AIRLINE PARTICIPATION IN THE COMPANY SITE.

     2.1  SCHEDULE, FARE AND SEAT AVAILABILITY INFORMATION.

          (a)  Airline shall use reasonable commercial efforts to provide
complete, timely, and accurate information on its Schedules, Published Fares,
and Seat Availability (together, "AIR TRAVEL INFORMATION") to Company at no
charge and with the same frequency, and no later than, Airline provides Air
Travel Information to its Airline Internet Site, Airline Internal Reservation
System, or Alliance Partner Site. Airline shall provide Company with
nondiscriminatory access to Seat Availability for Published Fares for passengers
yielding comparable net revenue values in comparable fare classes in the Airline
Internal Reservation System, Airline Internet Site, or Alliance Partner Site.
Airline shall provide Air Travel

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Information in a manner so that all such data is available to Company for
airline bookings on the Company Site without the need for a link to the Airline
Internal Reservation System, Airline Internet Site, or Alliance Partner Site.

          (b)  To the extent that Airline offers any of the following in
connection with the display or sale of Air Travel fulfilled through an Internet
Travel Provider Site: (i) Published Fares, (ii) Schedules, (iii) Seat
Availability, (iv) Service Enhancements, (v) frequent flyer program account
information, (vi) frequent flyer promotions (including, but not limited to,
mileage promotions), (vii) functionality or processing of frequent flyer
transactions, or (viii) the purchase, sale or redemption of frequent flyer
miles, Airline shall offer Company the same on a MFN Basis.

          (c)  Company acknowledges and agrees that, as between Company and
Airline, Airline is the owner of (i) all information provided by Airline to
Company pursuant to Sections 2.1(a) and (b), and (ii) all other Airline
information relating to, derived from, or used to create Fares, Schedules, Seat
Availability, Airline reservations, passenger name records (PNRs) relating to
Airline passengers, Airline tickets sold, real time flight information, and all
related data (all such information described in the preceding (i) and (ii)
collectively referred to as the "AIRLINE DATA"). Airline hereby grants to
Company, during the Term, a limited, non-exclusive, non-assignable,
non-transferable license, without the right to sublicense, to use the Airline
Data, solely for purposes of Company advertising and promotions (subject to the
terms of Section 5 hereof) and for operating the Company Site; provided, that
any such use may not involve Company disclosing the Airline Data to any third
party. Airline retains all right, title and interest in and to the Airline Data
and all copyright and other intellectual property rights relating thereto,
subject to the license granted herein to Company. Company shall not sell,
transfer, license, market or otherwise distribute the Airline Data to third
parties without Airline's prior written consent.

          (d)  Notwithstanding Section 2.1(c), Company may (i) create customer
profiles of Persons purchasing Airline services from the Company and offer
targeted promotions to such Persons, and (ii) offer to Persons purchasing
Airline services other non-Airline products and services such as hotel, rental
car, cruise line, vacation package, insurance, credit card, and other products
and services; provided, however, that in all cases Company shall not (x) offer
the Airline Data directly or indirectly to any other air carrier, (y) use the
Airline Data for the direct benefit of any other air carrier or (z) use the
Airline Data for promotions or customer offers unless the Airline Data is
included as part of a larger generic database of airline customers which
includes all airline customers on the Company Site in a city, city pair, country
pair, region or other demographic market or geographic area, such that the
database could not be used to identify Airline's passengers, Airline's frequent
flyer members or purchasers of Airline's services through the Company Site.

          (e)  The inadvertent and infrequent failure by Airline to comply with
its obligations set forth in Section 2.1(a) or (b) shall not be considered a
breach hereof so long as, once discovered by Airline or brought to its
attention, Airline prospectively cures such failure to comply as soon as
reasonably practicable but in any event within twenty-four (24) hours in the
case of obligations set forth in Section 2.1(a) and seven (7) days in the case
of obligations set forth in Section 2.1(b).

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     2.2  MARKETING SUPPORT.

          (a)  Airline shall provide Company with In-Kind Promotions in each
twelve (12) month period in an amount equal to five percent (5%) of Airline's
Travel Revenue during the immediately preceding twelve (12) month period not to
exceed two million U.S. dollars (US$2,000,000) during any twelve (12) month
period. Airline's In-Kind Promotions shall be implemented in accordance with the
valuation methodology set forth in EXHIBIT B. Company and Airline shall mutually
determine the timing and value of each In-Kind Promotion by mutual agreement of
the parties. In the event Company and Airline cannot agree on the timing and
value of each In-Kind Promotion, the timing and values used during the
immediately preceding period will apply. If either party proposes In-Kind
Promotions that are not listed in EXHIBIT B, the parties shall work together in
good faith to value such In-Kind Promotions. Airline's In-Kind Promotions shall
be used solely to promote Company's primary Internet site unless otherwise
agreed by the parties.

          (b)  The parties shall mutually determine a promotional plan to
implement In-Kind Promotions to satisfy the Airline's obligations and the
schedule for such promotions. Promotional plans shall be prepared on a calendar
quarter basis at least thirty (30) days in advance of each calendar quarter.
Airline shall provide such In-Kind Promotions in accordance with such plans and
schedules.

          (c)  Company shall provide Airline with a quarterly report of
Airline's In-Kind Promotions completed and the balance of Airline's obligation
to provide In-Kind Promotions as described above.

     2.3  Company and Airline shall each assign individuals to serve as account
managers who shall be responsible for the implementation of this Agreement. Each
party may change its account manager upon written notice to the other party.

     2.4  For Services provided by Company to Airline, Airline agrees to pay
Company the greater of (i) the amount determined by Airline from time to time or
(ii) the amount per transaction set forth in EXHIBIT C. Company agrees that
during the Term it will not charge any other airline for similar Services any
amounts that are lower than the amounts set forth on EXHIBIT C.

     2.5  Notwithstanding paragraphs 2.1(a), 2.1(b), and 2.1(e), in the event
that Airline is legally obligated or compelled by any law, tariff, rule,
regulation, ordinance, order, judgment, decree, injunction, writ, statute,
contract or consent decree (including any amendments thereto) to provide any of
its Fares to an Internet Travel Provider Site, CRS, or computerized reservation
system due to any ownership by Airline of securities of Company or an Affiliate
of Company, then only for the period such legal obligation or compulsion shall
be in force, the term "Published Fares" as used in Sections 2.1(a) and 2.1(b)
shall automatically be deemed to be deleted and changed to "CRS Fares".

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3.   OBLIGATIONS OF COMPANY.

     3.1  Company agrees to display Airline's Air Travel Information on the
Company Site in accordance with this Section 3.1. Except in response to a
Customer Request, Company shall display all Airline Information in an Unbiased
Manner.

     3.2  On a quarterly basis, Company shall pay Airline sixty percent (60%) of
the rebate earned directly or indirectly by Company from its CRS supplier(s) for
transactions relating to Airline tickets sold through the Company Site (the
"QUARTERLY REBATE"). In no event shall the Quarterly Rebate, when divided by the
number of Airline tickets issued by the Company Site during a calendar quarter
period, be (a) less than one U.S. dollar (US$1.00) per ticket or (b) more than
three U.S. dollars (US$3.00) per ticket. Company shall pay the Quarterly Rebate
within sixty (60) days following the close of each calendar quarter period.
Airline has the right to audit the rebate calculation at its expense and in a
commercially reasonable manner at a mutually agreed upon time and location.

     3.3  During the Term, Company shall provide Airline and other Airline
Charter Associates with (i) the same terms and conditions for the commercial
arrangements set forth in Section 2 (Airline Participation in the Company Site)
and Section 3 (Obligations of the Company), and (ii) the opportunity to
participate in Company in-kind promotions, opportunities to sell Airline's
tickets on the Company Site through tour or travel packages that bundle air
transportation, car rental and hotel services, Company air travel promotions,
prices charged by the Company for Airline Charter Associates to advertise on the
Company Site and other Company marketing programs and opportunities on
substantially equal commercial terms that are equal to or better than the most
favorable terms offered by Company to any other airline, regardless of sales
volume.

     3.4  Company shall be entitled to suspend the payment of the Quarterly
Rebate to Airline, and withhold from Airline the benefits described in Sections
3.2 and 3.3 above, (i) if Airline has failed to provide Company with In-Kind
Promotions in accordance with Section 2.2, or (ii) if Airline and Company have
been unable to reach agreement on the promotional plan described in Section
2.2(b); provided, that the exercise of Company's right to suspend payment shall
be without prejudice to any other remedies Company may have for breach of this
Agreement.

     3.5  At the request of Airline, Company shall, subject to technical and
financial constraints, use its reasonable business efforts to connect directly
to the Airline Internal Reservation System for Published Fares, Schedules and
Seat Availability information so as to eliminate the need for a CRS link for
such data; provided, the presence or absence of any financial incentives to
Company from one or more CRS shall not be considered a technical or financial
constraint or used for purposes of determining reasonable business efforts.

     3.6  The parties agree to undertake reasonable commercial efforts to
develop and implement distribution technologies that lower the cost of
distributing Airline's products and services through the Company Site, including
but not limited to electronic ticketing and interline e-ticketing.

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     3.7  During the Term, without the prior written consent of Airline, Company
shall not impose any restrictions or conditions with respect to the sale of
Airline's products and services through the Company Site that are not imposed
equally on sales of all other airline products and services and shall not engage
in any other conduct that is intended or is reasonably likely to disparage or
otherwise adversely impact Airline in a disparate manner to other airlines.

4.   CONFIDENTIALITY.

     Each party shall take reasonable measures to protect the secrecy of and
avoid disclosure and unauthorized use of the Confidential Information of the
other party, including, without limitation, taking at least those measures that
it takes to protect its own highly confidential information. Upon the expiration
or termination of this Agreement, each party shall deliver to the other party
all of such other party's Confidential Information that such party may have in
its possession or control. Neither party shall disclose any terms of this
Agreement to any third party if such disclosure is without the consent of the
other party, except to such party's accountants, attorneys and other
professional advisors, provided such advisors ate bound by a duty of
confidentiality. Upon the execution of this Agreement, each party may issue one
or more press releases disclosing the execution of this Agreement and each party
shall use its reasonable business efforts to coordinate all such press releases
with the other party hereto.

5.   PROPRIETARY MARKS.

     During the Term, subject to the terms of this Section 5, Company may refer
to the trade name of Airline ("AIRLINE MARKS"), solely for the purpose of fairly
and accurately describing and referring to the Company Site. Without limiting
the foregoing, Company may identify Airline as an Airline Charter Associate by
adding a suitable descriptive explanation on the Company Site, on promotional
material for the Company Site, and in non-advertising textual materials,
including for example press releases, product announcements, and general
corporate communications. Company shall inform Airline of the details of any use
of the Airline Marks. Company agrees not to use the Airline Marks in any manner
that could reasonably be expected to have an adverse impact on the goodwill
attached to such Airline Marks or on the corporate image of Airline. In such
circumstances, Airline shall have the right to reasonably request Company to
cease or to modify any particular use.

6.   TERM OF AGREEMENT.

     6.1  TERM.

          (a)  This Agreement will commence on the IPO Date, and will continue
for an initial term through December 31, 2013; PROVIDED, Airline may terminate
this Agreement for any reason or no reason upon thirty (30) days prior written
notice to Company. After the initial term, this Agreement will continue in
effect; PROVIDED, either party may terminate this Agreement for any reason or no
reason upon thirty (30) days prior written notice to the other party.

          (b)  The effectiveness of this Agreement is contingent upon the
consummation of the IPO. If, for any reason, the IPO is not consummated, this
Agreement shall be null and void and the Charter Agreement, as previously
amended, shall remain in effect in accordance with its terms.

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     6.2  TERMINATION FOR BREACH. Either party may terminate this Agreement at
any time if the other party is in breach of its obligations hereunder and has
failed to fully cure such breach within thirty (30) days following the breaching
party's receipt of notice of such breach; provided, that with respect to a
breach of this Agreement by Airline under Section 2.1(a) or (b), the Company may
terminate this Agreement if Airline's breach of Section 2.1(a) or (b) is not
remedied as provided in Section 2.1(e); and provided further that Company's
breach of the Airline Reporting Corporation Agent Reporting Agreement with the
Airline Reporting Corporation or the addendum of Airline to that agreement shall
be automatically deemed a breach of this Agreement permitting Airline to
terminate this Agreement unless such breach is cured by Company within thirty
(30) days following Company's receipt of notice of such breach.

     6.3  SURVIVAL. The obligations of the parties under Sections 4 and 8 will
survive the expiration or any termination of this Agreement for a period of five
(5) years. In the event that this Agreement is terminated at a time when Airline
has not satisfied its obligation to provide In- Kind Promotions under Section 2,
such obligation will survive the termination of this Agreement as to the balance
of In-Kind Promotions owed to Company as of the effective date of termination;
provided, that Airline may satisfy such obligation through In-Kind Promotions or
through an equivalent cash payment to Company.

7.   NO EXCLUSIVITY.

     The relationship between Airline and Company as set forth in this Agreement
will be non-exclusive. Therefore, subject to Section 2, Airline may participate
in other Internet travel sites similar to the Company Site, and this Agreement
will not confer any rights on one party to restrict the other party's ability to
offer Published Fares or to do business, or choose not to do business, with any
other airline, Internet Travel Provider Site or any other entities.

8.   INDEMNITY AND WARRANTIES.

     8.1  WARRANTY DISCLAIMER. During the Term, Company shall use reasonable
efforts to maintain the availability of the Company Site but is not responsible
or liable for any interruptions or delays in the operation of the Company Site.
NEITHER PARTY MAKES ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND, WHETHER ORAL
OR WRITTEN, WHETHER EXPRESS, IMPLIED OR ARISING BY STATUTE, CUSTOM, COURSE OF
DEALING OR TRADE USAGE, WITH RESPECT TO THE SUBJECT MATTER HEREOF, IN CONNECTION
WITH THIS AGREEMENT. EACH PARTY SPECIFICALLY DISCLAIMS ANY AND ALL IMPLIED
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

     8.2  INDEMNITY.

          (a)  Company will indemnify, defend, and hold harmless Airline, its
directors, officers, employees, and agents (each, an "INDEMNIFIED PARTY") from
and against all Losses connected with the furnishing of any services or data by
Company pursuant to this Agreement (including but not limited to actual or
alleged infringement or misappropriation of any trade name, patent, copyright,
trade secret or other property right based on any software, program, service
and/or other materials furnished by Company hereunder, including the Company
Site);

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provided, the foregoing shall not apply to the extent of claims or liabilities
resulting from the negligence or willful misconduct of Airline, its directors,
officers, employees or agents.

          (b)  If any action, claim or other proceeding shall be brought against
any Indemnified Party, and it shall notify Company of the commencement thereof,
Company shall be entitled to assume the defense thereof at its own expense, with
counsel satisfactory to such Indemnified Party in its reasonable judgment;
provided, however, that any Indemnified Party may, at its own expense, retain
separate counsel to participate in such defense at its own expense.
Notwithstanding the foregoing, in any action, claim or proceeding in which both
Company, on the one hand, and an Indemnified Party, on the other hand, are, or
are reasonably likely to become, a party, such Indemnified Party shall have the
right to employ separate counsel at the reasonable expense of Company and to
control its own defense of such action, claim or proceeding if, in the
reasonable opinion of counsel to such Indemnified Party, a conflict or potential
conflict exists between Company, on the one hand, and such Indemnified Party, on
the other hand, that would make such separate representation advisable;
provided, however, that Company shall not be liable for the fees and expenses of
more than one counsel to all Indemnified Parties. Company agrees that it will
not, without the prior written consent of the Indemnified Party, settle,
compromise or consent to the entry of any judgment in any pending or threatened
claim, action or proceeding relating to the matters contemplated hereby (if any
Indemnified Party is a party thereto or has been actually threatened to be made
a party thereto) unless such settlement, compromise or consent includes an
unconditional release of the Indemnified Party from all liability arising or
that may arise out of such claim, action or proceeding. Company shall not be
liable for any settlement of any claim, action or proceeding effected against an
Indemnified Party without Company's written consent, which consent shall not be
unreasonably withheld.

9.   GENERAL PROVISIONS.

     9.1  NONASSIGNMENT/BINDING AGREEMENT. Neither this Agreement nor any rights
under this Agreement may be assigned or otherwise transferred, in whole or in
part; PROVIDED, HOWEVER, either party may assign all of its rights and
obligations hereunder in connection with a sale of all or substantially all of
its assets, or a merger or consolidation, without the prior written consent of
the other party. Subject to the foregoing, this Agreement will be binding upon
and will inure to the benefit of the parties and their respective successors and
assigns. Any assignment in violation of this Section 9.1 will be null and void.

     9.2  INDEPENDENT CONTRACTORS. The relationship of the parties under this
Agreement is that of independent contractors. Neither party will be deemed to be
an employee, agent, partner or legal representative of the other for any purpose
and neither will have any right, power or authority to create any obligation or
responsibility on behalf of the other.

     9.3  NOTICES. Any notice required or permitted under the terms of this
Agreement or required by law must be in writing and must be (a) delivered in
person, (b) sent by first class registered mail, or air mail, as appropriate or
(c) sent by overnight air courier, in each case properly posted and fully
prepaid to the appropriate address set forth on the signature page of this
Agreement. Either party may change its address for notice by notice to the other
party given in accordance with this Section 9.3. Notices will be considered to
have been given as of the date

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received by the intended recipient. Address for notices shall be as listed for
Company and Airline on the signature page of this Agreement.

     9.4  WAIVER. Any waiver of the provisions of this Agreement or of a party's
rights or remedies under this Agreement must be in writing to be effective.
Failure, neglect, or delay by a party to enforce the provisions of this
Agreement or its rights or remedies at any time will not be construed as a
waiver of such party's rights under this Agreement and will not in any way
affect the validity of the whole or any part of this Agreement or prejudice such
party's right to take subsequent action. No exercise or enforcement by either
party of any right or remedy under this Agreement will preclude the enforcement
by such party of any other right or remedy under this Agreement or that such
party is entitled by law to enforce.

     9.5  SEVERABILITY. If any term, condition, or provision in this Agreement
is found to be invalid, unlawful or unenforceable to any extent, the parties
shall endeavor in good faith to agree to such amendments that will preserve, as
far as possible, the intentions expressed in this Agreement. If the parties fail
to agree on such an amendment, such invalid term, condition or provision will be
severed from the remaining terms, conditions and provisions, which will continue
to be valid and enforceable to the fullest extent permitted by law.

     9.6  INTEGRATION. This Agreement (including the Exhibits hereto),
contains the entire agreement of the parties with respect to the subject
matter addressed herein and supersede all previous communications,
representations, understandings and agreements, either oral or written,
between the parties with respect to said subject matter. No terms, provisions
or conditions of any purchase order, acknowledgement or other business form
that either party may use in connection with the transactions contemplated by
this Agreement will have any effect on the rights, duties or obligations of
the parties under, or otherwise modify, this Agreement, regardless of any
failure of a receiving party to object to such terms, provisions or
conditions. This Agreement may not be amended, except by a writing signed by
both parties.

     9.7  GOVERNING LAW. This Agreement will be interpreted and construed in
accordance with the laws of the State of Delaware and the United States of
America, without regard to conflict of law principles. All disputes arising out
of this Agreement will be subject to the exclusive jurisdiction of the state and
federal courts located in Delaware and each party hereby consents to the
personal jurisdiction thereof.

     9.8  COMPLIANCE WITH LAWS. The Company agrees to operate the Company Site
in accordance with all applicable laws and regulations.

     9.9  LIMITATION OF LIABILITY. EXCEPT FOR INDEMNIFICATION OBLIGATIONS
PURSUANT TO SECTION 8.2 RELATING TO LIABILITIES TO THIRD PARTIES WITH RESPECT TO
ACTUAL OR ALLEGED INFRINGEMENT OR MISAPPROPRIATION OF ANY INTELLECTUAL PROPERTY
RIGHTS, AND EXCEPT FOR A BREACH OF ANY CONFIDENTIALITY OBLIGATIONS HEREUNDER, NO

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PARTY WILL BE LIABLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING LOST
REVENUES, LOST PROFITS, OR LOST PROSPECTIVE ECONOMIC ADVANTAGE, ARISING FROM
THIS AGREEMENT OR ANY BREACH HEREOF.

     9.10 ANTI-FRAUD MEASURES. Company agrees to use reasonable commercial
efforts to prevent ticket and payment (including credit card) fraud with respect
to tickets issued by Company for travel on Airline.

     9.11 COUNTERPARTS. This Agreement may be executed in counterparts, each of
which so executed will be deemed to be an original and such counterparts
together will constitute one and the same agreement.

                         (SIGNATURES ON FOLLOWING PAGE)

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     IN WITNESS WHEREOF, the parties have executed and delivered this Agreement
as of the date first above written.

ORBITZ, LLC.:                                  [AIRLINE]

--------------------------------------------   ---------------------------------
By:                                            By:
   -----------------------------------------      ------------------------------
Its:                                           Its:
   -----------------------------------------      ------------------------------

ADDRESS FOR NOTICES PURSUANT TO SECTION 9.3:

If to Company:                                 If to Airline:

Orbitz, LLC                                    [NOTICE ADDRESS]
200 South Wacker Drive, Suite 1900
Chicago, Illinois 60606
Attention:__________________
Phone:______________________
Fax:________________________

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                                    EXHIBIT A

     For purposes of this Agreement, the defined terms set forth below will have
the meanings assigned to them:

     "AFFILIATE" means, with respect to any Person, any other Person that has a
relationship with such Person whereby either of such Persons directly or
indirectly Controls or is Controlled by or is Under Common Control with the
other of such Persons; provided, however, that notwithstanding the foregoing and
regardless of any relationship between them, Airline shall not be deemed to be
an Affiliate of the Company.

     "AIR TRAVEL" means scheduled passenger air transportation services (i)
within, between or among the United States, Canada and Mexico, or (ii) from the
United States, Canada or Mexico to a different third country; provided, that the
exit point (origin of travel) is in the United States, Canada, or Mexico.

     "AIR TRAVEL INFORMATION" has the meaning set forth in Section 2.1(a).

     "AIRLINE CHARTER ASSOCIATE" means Airline, and any other carrier that
enters into an agreement with the Company substantially similar to this
Agreement.

     "AIRLINE DATA" has the meaning set forth in Section 2.1(c).

     "AIRLINE INFORMATION" means airline schedules, fares, rules, seat
availability or other flight information.

     "AIRLINE INTERNAL RESERVATION SYSTEM" means the computerized system used by
Airline employees that contains information about the Schedules, Published Fares
and Seat Availability of Airline, and provides Airline employees with the
ability to make reservations or sell air transportation services offered by
Airline to Airline customers.

     "AIRLINE INTERNAL RESERVATION SYSTEM FARES" means Fares that are offered
for purchase by the general public through the Airline Internal Reservation
System, but excluding Unpublished Fares.

     "AIRLINE INTERNET SITE" means an Internet site branded exclusively under
Airline's trademark, service mark or trade name to Airline customers which
contains information about the Schedules, Published Fares and Seat Availability
of Airline, and provides Airline customers with the ability to review, make
reservations or purchase air transportation services offered by Airline.

     "AIRLINE MARKS" has the meaning set forth in Section 5.

     "ALLIANCE PARTNER" means a Person with whom Airline has entered into either
(i) a codesharing arrangement whereby Airline markets and sells tickets using
its two letter designator code in the carrier code box of a flight coupon for a
flight where the other Person has operational control of the aircraft or vice
versa or (ii) a reciprocal frequent flyer program relationship.

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     "ALLIANCE PARTNER SITE" means an Internet site branded exclusively by
Airline and any of its Alliance Partners under their airline alliance trademark,
service mark or brand name and which contains information about the Schedules,
Published Fares and Seat Availability of Airline and such Alliance Partners and
provides customers of Airline and such Alliance Partners with the ability to
review, make reservations or purchase air transportation services offered by
Airline and such Alliance Partners.

     "AIRLINE SPONSOR" has the meaning set forth in the definition of "Unbiased
Manner."

     "COMPANY SITE" means an Internet site branded under Company's trademark,
service mark or brand name to Company customers that contains information about
the Schedules, Published Fares and Seat Availability of Airline and other travel
suppliers and provides Persons with the ability to make reservations or purchase
air transportation services offered by Airline and other travel suppliers.

     "CONFIDENTIAL INFORMATION" means any proprietary information disclosed by
either party to the other party pursuant to this Agreement, either directly or
indirectly, in writing, orally or by inspection of tangible objects, including
any information which derives economic value, actual or potential, from not
being generally known to, and not generally ascertainable by proper means by,
other persons. Confidential Information will not, however, include any
information which (i) was publicly known and made generally available in the
public domain prior to the time of disclosure by the disclosing party; (ii)
becomes publicly known and made generally available after disclosure by the
disclosing party to the receiving party through no action or inaction of the
receiving party; (iii) is already in the possession of the receiving party
without obligation of confidentiality at the time of disclosure by the
disclosing party as shown by the receiving party's files and records immediately
prior to the time of disclosure; (iv) is obtained by the receiving party from a
third party without a breach of such third party's obligations of
confidentiality; (v) is independently developed by the receiving party without
use of or reference to the disclosing party's Confidential Information, as shown
by documents and other competent evidence in the receiving party's possession;
or (vi) is required by law to be disclosed by the receiving party, provided that
the receiving party gives the disclosing party prompt written notice of such
requirement prior to such disclosure so that the disclosing party may seek an
order protecting the information from public disclosure.

     "CONTROLS," "CONTROLLED" and the phrase "UNDER COMMON CONTROL" each means
the possession, directly or indirectly, of the power, whether or not exercised,
to direct or cause the direction of the management or policies of any Person,
whether through ownership of voting securities, partnership interest, equity, by
contract or otherwise.

     "CRS" means a "system" within the meaning of 14 C.F.R. Section 255.3.

     "CRS FARES" means Fares, excluding Unpublished Fares, that are published by
Airline in all of the CRSs, other than the Company in the event that the Company
is a CRS.

     "CUSTOMER" shall mean any (i) individual consumer, (ii) business
traveler or (iii) entity that uses the Company Site to make travel decisions
or purchase travel products or

                                       A-2
<Page>

services on behalf of its employees, agents, contractors or authorized
representatives for such entity's business travel purposes.

     "CUSTOMER REQUEST" means an informed affirmative request by a Customer to
receive information about a specific promotion or sale or certain fares or rates
of an airline carrier, to the exclusion of other airline carriers.

     "FARES" means prices charged by Airline for Air Travel where a Person's
purchase of such Fares may be fulfilled through an electronic sales transaction
via a CRS, Airline Internal Reservation System, Airline Internet Site, Alliance
Partner Site or Internet Travel Provider Site.

     "IN-KIND PROMOTIONS" means advertising, marketing and promotions mutually
agreed by the parties, including those described in EXHIBIT B.

     "INTERNATIONAL CARRIER" means an airline that is not a U.S. Carrier.

     "INTERNET" means the world wide web or other similar data transmission or
communications system.

     "INTERNET FARES" means Fares that are offered for purchase by the general
public through the Airline Internet Site or Internet Travel Provider Site,
including without limitation, Fares offered to a targeted group of users of its
Airline Internet Site, such as special Fares offered to such users by email, the
Internet or through other electronic transmission where there is NO good faith
effort by Airline (or a Person acting on behalf of Airline) to limit such Fares
to a targeted group, but excluding Unpublished Fares.

     "INTERNET TRAVEL PROVIDER SITE" means an Internet site that offers access
to information concerning Airline's Schedules, Published Fares and Seat
Availability, and which is used by Persons to make reservations or purchase air
transportation services offered by Airline in a Non- Opaque Manner. The Internet
Travel Provider Site excludes the Company Site, the Airline Internet Site, the
Alliance Partner Site and the Airline Internal Reservation System.

     "IPO" shall mean the initial public offering of Orbitz, Inc., a Delaware
corporation.

     "IPO DATE" means the date of this Agreement and the date of the closing of
the IPO.

     "LOSSES" shall mean any and all costs, demands, losses, claims (including
any claim by a third party), liabilities, fines, penalties, assessments,
damages, including, without limitation, interest, penalties, reasonable
attorneys' fees and expenses and all amounts paid in proceedings, claims,
complaints, disputes, arbitrations, investigations, defense or settlement of any
of the foregoing.

     "MARKET SHARE" means an amount calculated as a fraction, the numerator of
which shall be Airline's available seat miles with a point of origin in North
America for the most recent calendar year, as reported by OAG, and the
denominator of which shall be 1.2 trillion available seat miles
(1,200,000,000,000 ASMs). In the event that Airline does not publicly report the
data to OAG needed to compute its Market Share amount as set forth above, then
Company may

                                       A-3
<Page>

obtain the necessary data from Airline or substitute another measurement that
result in a comparable measurement of Airline's Market Share.

     "MFN BASIS" means that Airline shall offer Company commercial terms and
conditions equal to or better than the most favorable terms and conditions
offered by Airline to any other Internet Travel Provider Site; provided, that
MFN Basis shall not obligate Airline to delay or forego a commercial opportunity
due to Company's inability to proceed with a similar commercial transaction with
Airline for technical, financial or other reasons.

     "NON-OPAQUE MANNER" means the provision to a Person of information
concerning Airline products or services where the Person is able to see the
identity, schedules, availability, fares and price offerings of Airline prior to
the purchase of such products or services.

     "OPAQUE PRICING SYSTEM" means the provision to a Person through the
Internet of information, reservations, booking and ticketing services concerning
airlines where the Person is unable to identify the specific airline offering
the travel product or service prior to the purchase of such products or
services.

     "PERSON " means any individual, entity, firm, corporation, partnership,
association, limited liability company, joint-stock company, trust or
unincorporated organization.

     "PRIVATE FARES" means Fares filed in a private area of a CRS, Airline
Internal Reservation System, Airline Internet Site, Alliance Partner Site,
Company Site or Internet Travel Provider Site where access to such Fares is
limited to a select group of travelers and there is a good faith effort by
Airline (or a Person acting on behalf of Airline) to limit the sales of such
Fares to the targeted group.

     "PROMOTIONAL FARES" means discounts offered by the Airline to the general
public on Published Fares, including but not limited to dollar (or other
currency) reductions, percentage discounts, fare discounts based on passenger
miles ticketed (excluding frequent flyer or other affinity based promotions),
companion Fares, buy-one-get-one free Fare offers and similar programs.
Promotional Fares include net Fares and consolidator Fares offered by an
Internet Travel Provider Site in a Non-Opaque Manner.

     "PUBLISHED FARES" means all Fares (excluding Unpublished Fares), including
without limitation, (i) Fares offered for purchase to the general public through
any CRS, (ii) Airline Internal Reservation System Fares, (iii) Internet Fares
and (iv) Promotional Fares.

     "QUARTERLY REBATE" has the meaning set forth in Section 3.1.

     "SCHEDULES" means Airline's flight schedules for Air Travel as published in
the Airline Internal Reservation System, the Airline Internet Site, a CRS or an
Internet Travel Provider Site.

     "SEAT AVAILABILITY" means information provided with respect to the seats
Airline holds out as available for sale to the general public on a particular
flight in screen displays of the Airline Internal Reservation System or Airline
Internet Site.

                                       A-4
<Page>

     "SERVICE ENHANCEMENTS" means any product or service offered by Airline to
assist Persons in obtaining information about the Schedules, Published Fares,
Seat Availability or other information of Airline, or to assist Persons in
making or changing reservations or purchasing air transportation services
offered by Airline, other than the basic display of information on Schedules,
CRS Fares and Seat Availability available from a CRS.

     "SERVICE FEE REDUCTIONS" has the meaning set forth in the definition of
"Unbiased Manner."

     "SERVICES" means activities related to Published Fares conducted by Company
to Airline's benefit, including marketing, ticket distribution and customer
service and support.

     "TERM" means the term of this Agreement, as described in Section 6.

     "TRAVEL REVENUE" means the gross revenue value, exclusive of taxes and
other government charges (including but not limited to, passenger facility
charges, excise taxes, arrival and departure fees and similar government imposed
charges), of ticket sales on the Company Site.

     "UNBIASED MANNER" means the display of Airline Information in an integrated
display, with the order of information in such integrated display determined on
the basis of service criteria that do not reflect airline carrier identity and
that are consistently applied to all airline carriers, including Airline, and to
all markets and, for the avoidance of doubt, such order of information shall not
be determined on the basis of any incentive payments or arrangements,
commissions, fees or other consideration received directly or indirectly by or
on behalf of the Corporation; PROVIDED, HOWEVER, that such order of information
may take into account a reduction in the service fee charged by the Company to
Customers purchasing an airline travel product (the "SERVICE FEE REDUCTION") if
the Service Fee Reduction is paid or otherwise funded by such airline (the
"AIRLINE SPONSOR") pursuant to an agreement between the Airline Sponsor and the
Company so long as (a) the Airline Sponsor reimburses the Company for the full
cost of the Service Fee Reduction; (b) all other airline carriers have the same
opportunity to provide the Service Fee Reduction to their respective Customers;
(c) in the air display, the Company notifies Customer that the total fare
displayed reflects the Service Fee Reduction; and (d) Service Fee Reductions are
not eligible for credit toward the Airline Sponsor's marketing support
obligations described in Section 2.2 hereof.

     "UNITED STATES" means the fifty (50) states of the United States of America
plus the District of Columbia.

     "UNPUBLISHED FARES" means (i) Private Fares, (ii) Fares offered through an
Opaque Pricing System and (iii) Fares not generally available for purchase by
the general public, including but not limited to corporate discounted Fares,
tour operator Fares, off-tariff Fares, group Fares, meeting and incentive Fares,
Fares that require the purchase of another product or service, or any other
Fares targeted to a select group of travelers such as Fares offered to members
of a club, frequent flyer program or other membership organization where there
is a good faith effort by Airline (or a Person acting on behalf of Airline) to
limit the sale of such Fares to the targeted group. Unpublished Fares include
net Fares and consolidator Fares offered

                                       A-5
<Page>

through an Opaque Pricing System. It shall be presumed that such a good faith
effort has been made where the purchase of such Fares requires that a purchaser
enter a non-public password or code number provided to the targeted group in
order to access the Fares.

     "U.S. CARRIER" means a person, corporation or other entity that holds air
transportation certificate authority issued by the United States Department of
Transportation (or its predecessor, the Civil Aeronautics Board) pursuant to 49
U.S.C. Section 41102 or Section 41103 to operate flights within the United
States.

                                       A-6
<Page>

                                    EXHIBIT B

                  IN-KIND PROMOTIONS AND THEIR VALUATION METHOD

     In-Kind Promotions may include any of the following, in which event they
will be valued as described in the table below:

<Table>
<Caption>
                                                                     Method of Valuation (In the event that
                                                                   there is no independent or third party cost
                                                                      valuation available, then the mutual
              In-Kind Promotion                                     agreement method of valuation will apply)
<S>                                                            <C>
COMPANY NAME/LOGO INCLUDED IN ADVERTISEMENTS                   PRINT:
   - Print (e.g. newspaper, magazine, billboard)               [(ad space allocated to COMPANY) / (total ad space)]
   - Television and cable                                      X cost of ad space
   - Radio
   - Internet (e.g. banner ads, button ads, links)             TELEVISION:
                                                               [(ad space allocated to COMPANY per frame) / (total
                                                               ad space per frame)] X (total cost per frame) X
                                                               (number of frames)

                                                               Note: If voice-over is provided, rate will be
                                                               increased 50% from the schedule above.

                                                               RADIO:
                                                               (duration of COMPANY mention) X (cost of ad time)

                                                               INTERNET:
                                                               [(ad space allocated to COMPANY) / (total ad space)]
                                                               X cost of ad space; or Value of ad space or link
                                                               provided, as determined by cost to other third parties;
                                                               or Mutually agreed on value; subject to independent
                                                               verification

COMPANY NAME/LOGO INCLUDED ON IN-FLIGHT COLLATERAL             Value of ad space provided, as determined by cost to
   - Ticket jackets                                            other third parties (e.g., through standard rate
   - In-flight magazine                                        cards or pricing); or
   - Destination guides
   - In-flight video                                           Mutually agreed on value; subject to independent
   - Timetables                                                verification
   - Insert car with meal
   - Boarding passes
   - Napkins
   - Menus

COMPANY NAME/LOGO INCLUDED IN DIRECT MAIL                      Value of ad space provided, as determined by cost to
   - Affinity program newsletter or statement                  other third parties (e.g., through standard rate cards or
   - Direct marketing campaigns                                pricing); or
   - Tickets sent by mail
   - Co-marketing promotions                                   Mutually agreed on value; subject to independent
                                                               verification
</Table>

                                       B-1
<Page>

<Table>
<S>                                                            <C>
AFFINITY PROGRAM SUPPLEMENTS                                   If discounted, value of discount to total cost of
   - Free/discounted points/miles                              equivalent product to other third parties; or
   - Free/discounted inventory (e.g. tickets)
   - Free/discounted upgrades or other services                If free, value of product provided, as determined by
                                                               cost to other third parties; or

                                                               Mutually agreed on value; subject to independent
                                                               verification

PASSENGER DATABASE INFORMATION                                 Value of data provided, as determined by cost to
   - Affinity program names                                    other third parties (e.g. cost per name X number of
   - Competitive purchaser names (e.g. passengers              names provided); or
     who booked travel through another on-line
     agency)                                                   Mutually agreed on value; subject to independent
   - Other names, data, or contact information                 verification

SPECIAL PROMOTIONS                                             (Value of discount to next lowest published fare) X
   - Exclusive promotions or fares available only on           (number of discounted transactions booked through
     Company Site                                              Company Site); or

                                                               Mutually agreed on value; subject to independent
                                                               verification

   - Promotions or fares available only on Company             (Value of discount to next lowest published fare) X
     Site or Airline Site                                      (number of discounted transactions booked through
                                                               Company Site) X (75%); or

                                                               Mutually agreed on value; subject to independent
                                                               verification

   - Other                                                     The value of special promotions credited by Company
                                                               towards in-kind promotions will not exceed $1M in any
                                                               12 months period
</Table>

                                       B-2

<Page>

                                    EXHIBIT C<Page>

                                                                EXHIBIT 10.31

                              AMENDED AND RESTATED

                                  ORBITZ, INC.

                                2002 STOCK PLAN1

         1. PURPOSES OF THE PLAN. The purposes of this Stock Plan are to attract
and retain the best available personnel for positions of substantial
responsibility, to provide additional incentive to Employees, Directors and
Consultants and to promote the success of the Company's business. Options
granted under the Plan may be Incentive Stock Options or Nonstatutory Stock
Options, as determined by the Administrator at the time of grant. Stock
Appreciation Rights, Restricted Stock Awards and Stock Purchase Rights may also
be granted under the Plan.

         2. DEFINITIONS. As used herein, the following definitions shall apply:

            (a) "ADMINISTRATOR" means the Board or any of its Committees as
shall be administering the Plan in accordance with Section 4 hereof.

            (b) "APPLICABLE LAWS" means the requirements relating to the
administration of equity compensation plans under U.S. state corporate laws,
U.S. federal and state securities laws, the Code, any stock exchange or
quotation system on which the Shares are listed or quoted and the applicable
laws of any other country or jurisdiction where Option, Stock Purchase Rights,
SARs or Restricted Stock Awards are granted under the Plan.

            (c) "AWARD AGREEMENT" means one or more written or electronic
agreements between the Company and a recipient of an award (other than an
Option) under the Plan evidencing the terms and conditions of such award. The
Award Agreement is subject to the terms and conditions of the Plan.

            (d) "BOARD" means the Board of Directors of the Company.

            (e) "CODE" means the Internal Revenue Code of 1986, as amended.

            (f) "COMMITTEE" means a committee of Directors appointed by the
Board in accordance with Section 4 hereof.

            (g) "COMMON STOCK" means the Class C Common Stock par value $0.001
per share of the Company.

            (h) "COMPANY" means Orbitz, Inc., a Delaware corporation and any
successor thereto.

            (i) "CONSULTANT" means any person who is engaged by the Company or
any Parent or Subsidiary of the Company to render consulting or advisory
services to such entity. On the date that any Parent or Subsidiary which engages
a Consultant ceases to be a Parent or Subsidiary of the Company such person
shall cease to be a Consultant and will be
---------------------------
1 Amended and restated to reflect amendments to the 2002 Stock Plan adopted May
  15, 2002.

<Page>

deemed to have terminated as a Service Provider, unless otherwise provided in
Section 14(c) hereof.

            (j) "DIRECTOR" means a member of the Board.

            (k) "DISABILITY" means total and permanent disability as defined in
Section 22(e)(3) of the Code.

            (l) "EMPLOYEE" means any person, including Officers and Directors,
employed by the Company or any Parent or Subsidiary of the Company. A
person shall not cease to be an Employee in the case of (i) any leave of absence
approved by the Company, or any Parent or Subsidiary of the Company, as
applicable or (ii) transfers between locations of the Company or between the
Company, any Parent and any Subsidiary of the Company, or any successor of the
Company. For purposes of Incentive Stock Options, no such leave may exceed
ninety days, unless reemployment upon expiration of such leave is guaranteed by
statute or contract. If reemployment upon expiration of a leave of absence
approved by the Company is not so guaranteed, then three (3) months following
the 90th day of such leave, any Incentive Stock Option held by the Optionee
shall cease to be treated as an Incentive Stock Option and shall be treated for
tax purposes as a Nonstatutory Stock Option. Neither service as a Director nor
payment of a director's fee by the Company shall be sufficient to constitute
"employment" by the Company. On the date that any Parent or Subsidiary which
employs an Employee ceases to be a Parent or Subsidiary of the Company such
person shall cease to be an Employee and will be deemed to have terminated as a
Service Provider, unless otherwise provided in Section 14(c) hereof.

            (m) "EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended.

            (n) "FAIR MARKET VALUE" means, as of any date, the value of Common
Stock determined as follows:

                (i) If the Common Stock is listed on any established stock
         exchange or a national market system, including without limitation the
         Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq
         Stock Market, its Fair Market Value shall be the closing sales price
         for such stock (or the closing bid, if no sales were reported) as
         quoted on such exchange or system for the last market trading day prior
         to the time of determination, as reported in The Wall Street Journal or
         such other source as the Administrator deems reliable;

                (ii) If the Common Stock is regularly quoted by a recognized
         securities dealer but selling prices are not reported, its Fair Market
         Value shall be the mean between the high bid and low asked prices for
         the Common Stock on the last market trading day prior to the day of
         determination; or

                (iii) If neither of paragraphs (i) or (ii) above are applicable,
         the Fair Market Value thereof shall be determined in good faith by the
         Administrator.

                                       2
<Page>

            (o) "INCENTIVE STOCK OPTION" means an Option intended to qualify as
an incentive stock option within the meaning of Section 422 of the Code.

            (p) "INVESTORS" means the holders of each series of Class B Common
Stock $.0001 par value per share of the Company on the relevant date.

            (q) "NONSTATUTORY STOCK OPTION" means an Option not intended to
qualify as an Incentive Stock Option.

            (r) "OFFICER" means a person who is an officer of the Company within
the meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

            (s) "OPTION" means a stock option granted pursuant to the Plan.

            (t) "OPTION AGREEMENT" means one or more written or electronic
agreements between the Company and an Optionee evidencing the terms and
conditions of an individual Option grant. The Option Agreement is subject to the
terms and conditions of the Plan.

            (u) "OPTION EXCHANGE PROGRAM" means a program whereby outstanding
Options are exchanged for Options with a lower exercise price.

            (v) "OPTIONED STOCK" means the Common Stock subject to an Option or
a Stock Purchase Right.

            (w) "OPTIONEE" means the holder of an outstanding Option, Stock
Purchase Right, SAR or Restricted Stock Award granted under the Plan.

            (x) "PARENT" means a "parent corporation," whether now or hereafter
existing, as defined in Section 424(e) of the Code.

            (y) "PLAN" means this Orbitz, Inc. 2002 Stock Plan.

            (z) "PUBLIC TRADING DATE" means the first date upon which the Common
Stock of the Company is listed (or approved for listing ) upon notice of
issuance on any securities exchange or designated (or approved for designation)
upon notice of issuance as a national market security on an interdealer
quotation system.

            (aa) "RESTRICTED STOCK" means shares of Common Sock acquired
pursuant to a grant of a Stock Purchase Right under Section 13 below or pursuant
to the grant of a Restricted Stock Award under Section 10 below.

            (bb) "RESTRICTED STOCK AWARD" means a grant under Section 10 below.

            (cc) "STOCK APPRECIATION RIGHT" or "SAR" means an award issued
pursuant to Section 11 below.

                                       3
<Page>

            (dd) "SERVICE PROVIDER" means an Employee, Director or Consultant.

            (ee) "SHARE" means a share of the Common Stock, as adjusted in
accordance with Section 14 below.

            (ff) "STOCK PURCHASE RIGHT" means a right to purchase Common Stock
pursuant to Section 13 below.

            (gg) "SUBSIDIARY" means Orbitz, LLC, a Delaware limited liability
company and other "subsidiary corporation," whether now or hereafter existing,
as defined in Section 424(f) of the Code.

         3. STOCK SUBJECT TO THE PLAN. Subject to the provisions of Section 14
of the Plan, the maximum aggregate number of Shares that may be subject to
options and other awards and issued under the Plan is 16,340,747 Shares;
provided, however, only 12,663,747 Shares may be subject to options and other
awards and issued under the Plan, subject to the provisions below, prior to the
Public Trading Date. The Shares may be authorized but unissued, or reacquired
Common Stock.

         If an Option, Stock Purchase Right, SAR or Restricted Stock Award
granted under this Plan or under the Orbitz, Inc. 2000 Stock Plan ("Orbitz
Plan") expires or becomes unexercisable without having been exercised in full,
or is surrendered pursuant to an Option Exchange Program, or, with respect to a
Restricted Stock Award, is forfeited back to the Company, the unpurchased Shares
(or for Restricted Stock Awards, the forfeited Shares) which were subject
thereto shall become available for future grant or sale under the Plan (unless
the Plan has terminated). However, Shares that have actually been issued under
the Plan, upon exercise of either an Option, Stock Purchase Right, SAR or
Restricted Stock Award shall not be returned to the Plan and shall not become
available for future distribution under the Plan, except that if Shares of
Restricted Stock granted under this Plan or the Orbitz Plan are repurchased by
the Company at their original purchase price or forfeited to the Company, such
Shares shall become available for future grant under the Plan.

         4. ADMINISTRATION OF THE PLAN.

            (a) ADMINISTRATOR. The Plan shall be administered by the Board or a
Committee appointed by the Board, which Committee shall be constituted to comply
with Applicable Laws. If administration of the Plan is delegated to a Committee,
then after the Public Trading Date and upon expiration of the transition period
set forth in Treasury Regulation ss. 1.162-27(f) such Committee shall consist
solely of two or more Directors each of whom is both an "outside director,"
within the meaning of Section 162(m) of the Code, and a "non-employee director"
within the meaning of Rule 16b-3 of the Exchange Act.

            (b) POWERS OF THE ADMINISTRATOR. Subject to the provisions of the
Plan and, in the case of a Committee, the specific duties delegated by the Board
to such Committee, and subject to the approval of any relevant authorities, the
Administrator shall have the authority in its discretion:

                (i) to determine the Fair Market Value;

                                       4
<Page>

                (ii) to select the Service Providers to whom Options, Stock
         Purchase Rights, SARs and Restricted Stock Awards may from time to time
         be granted hereunder;

                (iii) to determine the number of Shares to be covered by each
         such award granted hereunder;

                (iv) to approve forms of agreement for use under the Plan;

                (v) to determine the terms and conditions, of any Option, Stock
         Purchase Right, SAR or Restricted Stock Award granted hereunder. Such
         terms and conditions include, but are not limited to, the exercise
         price, the time or times when Options, Stock Purchase Rights, SARs or
         Restricted Stock Awards may be exercised (which may be based on
         performance criteria), any vesting acceleration or waiver of forfeiture
         restrictions, and any restriction or limitation regarding any Option,
         Stock Purchase Right, SAR or Restricted Stock Award or the Common Stock
         relating thereto, based in each case on such factors as the
         Administrator, in its sole discretion, shall determine;

                (vi) to determine whether and under what circumstances an Option
         may be bought out in cash under subsection 9(e);

                (vii) to reduce the exercise price of any Option, Stock Purchase
         Right or SAR to the then current Fair Market Value if the Fair Market
         Value of the Common Stock covered by such Option, Stock Purchase Right
         or SAR has declined since the date the Option, Stock Purchase Right or
         SAR was granted;

                (viii) to initiate an Option Exchange Program;

                (ix) to prescribe, amend and rescind rules and regulations
         relating to the Plan, including rules and regulations relating to
         sub-plans established for the purpose of qualifying for preferred tax
         treatment under foreign tax laws;

                (x) to allow Optionees to satisfy withholding tax obligations by
         electing to have the Company withhold from the Shares to be issued upon
         exercise of an Option, Stock Purchase Right or SAR that number of
         Shares having a Fair Market Value equal to the amount required to be
         withheld. The Fair Market Value of the Shares to be withheld shall be
         determined on the date that the amount of tax to be withheld is to be
         determined. All elections by Optionees to have Shares withheld for this
         purpose shall be made in such form and under such conditions as the
         Administrator may deem necessary or advisable;

                (xi) to construe and interpret the terms of the Plan and awards
         granted pursuant to the Plan.

            (c) EFFECT OF ADMINISTRATOR'S DECISION. All decisions,
determinations and interpretations of the Administrator shall be final and
binding on all Optionees.

                                       5
<Page>

         5. ELIGIBILITY.

            (a) Nonstatutory Stock Options, Stock Purchase Rights, SARs and
Restricted Stock Awards may be granted to Service Providers. Incentive Stock
Options may be granted only to Employees.

            (b) Each Option shall be designated in the Option Agreement as
either an Incentive Stock Option or a Nonstatutory Stock Option. However,
notwithstanding such designation, to the extent that the aggregate Fair Market
Value of the Shares with respect to which Incentive Stock Options are
exercisable for the first time by the Optionee during any calendar year (under
all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such
Options shall be treated as Nonstatutory Stock Options. For purposes of this
Section 5(b), Incentive Stock Options shall be taken into account in the order
in which they were granted. The Fair Market Value of the Shares shall be
determined as of the time the Option with respect to such Shares is granted.

            (c) Neither the Plan nor any Option, Stock Purchase Right, SAR or
Restricted Stock Award shall confer upon any Optionee any right with respect to
continuing the Optionee's relationship as a Service Provider with the Company,
nor shall it interfere in any way with his or her right or the Company's right
to terminate such relationship at any time, with or without cause.

         6. TERM OF PLAN. The Plan shall become effective upon its adoption by
the Board. It shall continue in effect for a term of ten (10) years unless
sooner terminated under Section 14 of the Plan.

         7. TERM OF OPTION. The term of each Option shall be stated in the
Option Agreement; provided, however, that the term shall be no more than ten
(10) years from the date of grant thereof. In the case of an Incentive Stock
Option granted to an Optionee who, at the time the Option is granted, owns stock
representing more than ten percent (10%) of the voting power of all classes of
stock of the Company or any Parent or Subsidiary of the Company, the term of the
Option shall be five (5) years from the date of grant or such shorter term as
may be provided in the Option Agreement.

         8. OPTION EXERCISE PRICE AND CONSIDERATION.

            (a) The per share exercise price for the Shares to be issued upon
exercise of an Option shall be such price as is determined by the Administrator,
but shall be subject to the following:

                (i) In the case of an Incentive Stock Option

                    (A) granted to an Employee who, at the time of grant of such
         Option, owns stock representing more than ten percent (10%) of the
         voting power of all classes of stock of the Company or any Parent or
         Subsidiary of the Company, the exercise price shall be no less than
         110% of the Fair Market Value per Share on the date of grant.

                                       6
<Page>

                    (B) granted to any other Employee, the per Share exercise
         price shall be no less than 100% of the Fair Market Value per Share on
         the date of grant.

                (ii) In the case of a Nonstatutory Stock Option, the per Share
         exercise price shall be determined by the Administrator.

                (iii) Notwithstanding the foregoing, Options may be granted with
         a per Share exercise price other than as required above pursuant to a
         merger or other corporate transaction.

            (b) The consideration to be paid for the Shares to be issued upon
exercise of an Option, including the method of payment, shall be determined by
the Administrator (and, in the case of an Incentive Stock Option, shall be
determined at the time of grant). Such consideration may consist of (1) cash,
(2) check, (3) promissory note, (4) other Shares which (x) in the case of Shares
acquired upon exercise of an Option, have been owned by the Optionee for more
than six months on the date of surrender, and (y) have a Fair Market Value on
the date of surrender equal to the aggregate exercise price of the Shares as to
which such Option shall be exercised, (5) consideration received by the Company
under a cashless exercise program implemented by the Company in connection with
the Plan, or (6) any combination of the foregoing methods of payment. In making
its determination as to the type of consideration to accept, the Administrator
shall consider if acceptance of such consideration may be reasonably expected to
benefit the Company.

         9. EXERCISE OF OPTION.

            (a) PROCEDURE FOR EXERCISE; RIGHTS AS A STOCKHOLDER. Any Option
granted hereunder shall be exercisable according to the terms hereof at such
times and under such conditions as determined by the Administrator and set forth
in the Option Agreement. Unless the Administrator provides otherwise, vesting of
Options granted hereunder shall be suspended during any unpaid leave of absence.
An Option may not be exercised for a fraction of a Share.

         Subject to Sections 17 and 18 below, an Option shall be deemed
exercised when the Company receives (i) written or electronic notice of exercise
(in accordance with the Option Agreement) from the person entitled to exercise
the Option, and (ii) full payment for the Shares with respect to which the
Option is exercised. Full payment may consist of any consideration and method of
payment authorized by the Administrator and permitted by the Option Agreement
and the Plan. Shares issued upon exercise of an Option shall be issued in the
name of the Optionee or, if requested by the Optionee, in the name of the
Optionee and his or her spouse. Until the Shares are issued (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company), no right to vote or receive dividends or any other rights
as a stockholder shall exist with respect to the Shares, notwithstanding the
exercise of the Option. The Company shall issue (or cause to be issued) such
Shares promptly after the Option is exercised. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the
Shares are issued, except as provided in Section 14 of the Plan.

                                       7
<Page>

         Exercise of an Option in any manner shall result in a decrease in the
number of Shares thereafter available, both for purposes of the Plan and for
sale under the Option, by the number of Shares as to which the Option is
exercised.

            (b) TERMINATION OF RELATIONSHIP AS A SERVICE PROVIDER. If an
Optionee ceases to be a Service Provider, such Optionee may exercise his or her
Option within such period of time as is specified in the Option Agreement to the
extent that the Option is vested on the date of termination (but in no event
later than the expiration of the term of the Option as set forth in the Option
Agreement). In the absence of a specified time in the Option Agreement, the
Option shall remain exercisable for three (3) months following the Optionee's
termination. If, on the date of termination, the Optionee is not vested as to
his or her entire Option, the Shares covered by the unvested portion of the
Option shall revert to the Plan. If, after termination, the Optionee does not
exercise his or her Option within the time set forth above, or within the time
specified by the Administrator, if later, the Option shall terminate, and the
Shares covered by such Option shall revert to the Plan.

            (c) DISABILITY OF OPTIONEE. If an Optionee ceases to be a Service
Provider as a result of the Optionee's Disability, the Optionee may exercise his
or her Option within such period of time as is specified in the Option Agreement
to the extent the Option is vested on the date of termination (but in no event
later than the expiration of the term of such Option as set forth in the Option
Agreement). In the absence of a specified time in the Option Agreement, the
Option shall remain exercisable for twelve (12) months following the Optionee's
termination. If, on the date of termination, the Optionee is not vested as to
his or her entire Option, the Shares covered by the unvested portion of the
Option shall revert to the Plan. If, after termination, the Optionee does not
exercise his or her Option within the time specified herein, the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

            (d) DEATH OF OPTIONEE. If an Optionee dies while a Service Provider,
the Option may be exercised within such period of time as is specified in the
Option Agreement to the extent that the Option is vested on the date of death
(but in no event later than the expiration of the term of such Option as set
forth in the Option Agreement) by the Optionee's estate or by a person who
acquires the right to exercise the Option by bequest or inheritance. In the
absence of a specified time in the Option Agreement, the Option shall remain
exercisable for twelve (12) months following the Optionee's termination. If, at
the time of death, the Optionee is not vested as to the entire Option, the
Shares covered by the unvested portion of the Option shall immediately revert to
the Plan. If the Option is not so exercised within the time specified herein,
the Option shall terminate, and the Shares covered by such Option shall revert
to the Plan.

            (e) BUYOUT PROVISIONS. The Administrator may at any time offer to
buy out for a payment in cash or Shares, an Option previously granted, based on
such terms and conditions as the Administrator shall establish and communicate
to the Optionee at the time that such offer is made.

         10. RESTRICTED STOCK AWARDS. Restricted Stock Awards shall be subject
to the terms, conditions, and restrictions determined by the Administrator at
the time the Restricted

                                       8
<Page>

Stock is awarded and set forth in the applicable Award Agreement, if any. The
Administrator may require the recipient to sign an Award Agreement as a
condition of the award, but may not require the recipient to pay any money
consideration (other than any applicable tax withholding amount). The agreement
may contain such terms, conditions, representations and warranties as the
Administrator may require. The certificates representing the shares of Stock
awarded shall bear such legends as shall be determined by the Administrator.

         11. STOCK APPRECIATION RIGHTS.

            (a) GRANT OF SARS. Subject to the terms and conditions of the Plan,
SARs may be granted to Service Providers at any time and from time to time as
shall be determined by the Administrator, in its sole discretion. The
Administrator shall have complete discretion to determine the number of SARs
granted to any Participant.

            (b) EXERCISE PRICE AND OTHER TERMS. The Administrator, subject to
the provisions of the Plan, shall have complete discretion to determine the
terms and conditions of SARs granted under the Plan. However, the exercise price
of an SAR shall be not less than one hundred percent (100%) of the Fair Market
Value of a Share on the grant date.

            (c) SAR AGREEMENT. Each SAR grant shall be evidenced by an award
agreement that shall specify the exercise price, the term of the SAR, the
conditions of exercise, and such other terms and conditions as the
Administrator, in its sole discretion, shall determine.

            (d) EXPIRATION OF SARS. A SAR granted under the Plan shall expire
upon the date determined by the Administrator, in its sole discretion, and set
forth in the Award Agreements.

            (e) PAYMENT OF SAR AMOUNT. Upon exercise of a SAR, a Participant
shall be entitled to receive payment from the Company in an amount determined by
multiplying:

                (i) The difference between the Fair Market Value of a Share on
         the date of exercise over the exercise price; times

                (ii) The number of Shares with respect to which the SAR is
         exercised.

            (f) PAYMENT UPON EXERCISE OF SAR. At the discretion of the
Administrator, payment for a SAR may be in cash, Shares with a Fair Market Value
equal to the amount determined in paragraph (e) above or a combination thereof.

            (g) CASH SETTLEMENTS AND PLAN SHARE ALLOCATION. Cash payments of
Stock Appreciation Rights as well as Common Stock issued upon exercise of Stock
Appreciation Rights shall be applied against the maximum number of shares of
Common Stock that may be issued pursuant to the Plan, The number of shares to be
applied against such maximum number of shares in such circumstances shall be the
number of shares equal to the amount of the cash payment divided by the Fair
Market Value of a Share on the date the Stock Appreciation Right is granted.

                                       9
<Page>

         12. NON-TRANSFERABILITY OF OPTIONS, STOCK PURCHASE RIGHTS, SARS AND
RESTRICTED STOCK Awards. Unless determined otherwise by the Administrator, the
Options, Stock Purchase Rights, SARs and Restricted Stock Awards may not be
sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner
other than by will or by the laws of descent or distribution and may be
exercised, during the lifetime of the Optionee, only by the Optionee. Any
transferee by will or by the laws of descent or distribution shall be required
to acknowledge and agree that such transferee is subject to all of the terms of
the Plan and the applicable Award Agreement as if such transferee had received
the applicable award.

         13. STOCK PURCHASE RIGHTS.

            (a) RIGHTS TO PURCHASE. Stock Purchase Rights may be issued either
alone, in addition to, or in tandem with other awards granted under the Plan
and/or cash awards made outside of the Plan. After the Administrator determines
that it will offer Stock Purchase Rights under the Plan, it shall advise the
offeree in writing or electronically of the terms, conditions and restrictions
related to the offer, including the number of Shares that such person shall be
entitled to purchase, the price to be paid, and the time within which such
person must accept such offer. The offer shall be accepted by execution of an
Award Agreement in the form determined by the Administrator.

            (b) REPURCHASE OPTION. Unless the Administrator determines
otherwise, the Award Agreement shall grant the Company a repurchase option
exercisable upon the voluntary or involuntary termination of the purchaser's
service with the Company for any reason (including death or disability). Unless
the Administrator determines otherwise, the purchase price for Shares
repurchased pursuant to the Restricted Stock purchase agreement shall be the
original price paid by the purchaser and may be paid by cancellation of any
indebtedness of the purchaser to the Company. The repurchase option shall lapse
at such rate as the Administrator may determine.

            (c) OTHER PROVISIONS. The Award Agreement shall contain such other
terms, provisions and conditions not inconsistent with the Plan
as may be determined by the Administrator in its sole discretion.

            (d) RIGHTS AS A STOCKHOLDER. Subject to Sections 17 and 18 below,
once the Stock Purchase Right is exercised, the purchaser shall have rights
equivalent to those of a stockholder and shall be a stockholder when his or her
purchase is entered upon the records of the duly authorized transfer agent of
the Company. No adjustment shall be made for a dividend or other right for which
the record date is prior to the date the Stock Purchase Right is exercised,
except as provided in Section 14 of the Plan.

         14. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, MERGER OR ASSET SALE.

            (a) Changes in Capitalization. Subject to any required approval of
the stockholders of the Company, and except as provided in (b) and (c) below, in
the event that the Administrator determines that any dividend or other
distribution (whether in the form of cash, Common Stock, other securities, or
other property), recapitalization, reclassification, stock split, reverse stock
split, reorganization, consolidation, split-up, spin-off, combination,
repurchase, or

                                       10
<Page>

exchange of Common Stock or other securities of the Company, issuance of
warrants or other rights to purchase Common Stock or other securities of the
Company, or other similar corporate transaction or event, effected without the
receipt of consideration by the Company in the Administrator's sole discretion,
affects the Common Stock such that an adjustment is determined by the
Administrator to be appropriate in order to prevent dilution or enlargement of
the benefits or potential benefits intended by the Company to be made available
under the Plan or with respect to any Option, Stock Purchase Right or SAR then
the Administrator shall, in such manner as it may deem equitable, adjust any or
all of:

                (i) the number and kind of shares of Common Stock (or other
         securities or property) with respect to which Options, Stock Purchase
         Rights or SARs may be granted or awarded (including, but not limited
         to, adjustments of the limitations in Section 3 on the maximum number
         of shares which may be issued);

                (ii) the number and kind of shares of Common Stock (or other
         securities or property) subject to outstanding Options, Stock Purchase
         Rights or SARs; and

                (iii) the grant or exercise price with respect to any Option,
         Stock Purchase Right or SAR.

         The conversion of any convertible securities of the Company shall not
be deemed to have been "effected without receipt of consideration." Such
adjustment shall be made by the Administrator, whose determination in that
respect shall be final, binding and conclusive. Except as expressly provided
herein, no issuance by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number or price
of shares of Stock subject to an Option, Stock Purchase Right, SAR or Restricted
Stock Award.

            (b) DISSOLUTION OR LIQUIDATION. In the event of the proposed
dissolution or liquidation of the Company, the Administrator shall notify each
Optionee as soon as practicable prior to the effective date of such proposed
transaction. The Administrator in its discretion may provide for an Optionee to
have the right to exercise his or her Option, Stock Purchase Right or SAR until
fifteen (15) days prior to such transaction as to all of the Optioned Stock
covered thereby, including Shares as to which the Option, Stock Purchase Right
or SAR would not otherwise be exercisable. In addition, the Administrator may
provide that any Company repurchase option applicable to any Shares purchased
upon exercise of an Option, Stock Purchase Right or SAR shall lapse as to all
such Shares, provided the proposed dissolution or liquidation takes place at the
time and in the manner contemplated. To the extent it has not been previously
exercised, an Option, Stock Purchase Right or SAR will terminate immediately
prior to the consummation of such proposed transaction.

            (c) MERGER OR ASSET SALE. In the event of a merger of the Company
with or into another corporation, or the sale of substantially all of the assets
of the Company, except as otherwise provided in this paragraph (c), each
outstanding Option and Stock Purchase Right shall be assumed or an equivalent
option or right substituted by the successor corporation or a Parent or
Subsidiary of the successor corporation. In the event that the successor

                                       11
<Page>

corporation or its Parent or Subsidiary does not assume or substitute equivalent
options or rights, then to the extent not already vested or otherwise provided
in the Option Agreement each Optionee shall fully vest in and have the right to
exercise his or her Options, Restricted Stock or SARs as to all of the Optioned
Stock, including Shares as to which he or she would not otherwise be vested in
or exercisable. If an Option, Stock Purchase Right or SAR becomes fully vested
and exercisable in the event of a merger or sale of assets pursuant to the
foregoing sentence, then the Administrator shall notify the Optionee in writing
or electronically that such Option, Stock Purchase Right or SAR shall be fully
exercisable for a period of not less than fifteen (15) days from the date of
such notice, and the Option, Stock Purchase Right or SAR shall terminate upon
the expiration of such period. For the purposes of this paragraph, the Option,
Stock Purchase Right or SAR shall be considered assumed if, following the merger
or sale of assets, the option or right confers the right to purchase or receive,
for each Share of Optioned Stock subject to the Option, Stock Purchase Right or
SAR immediately prior to the merger or sale of assets, the consideration
(whether stock, cash, or other securities or property) received in the merger or
sale of assets by holders of Common Stock for each Share held on the effective
date of the transaction (and if holders were offered a choice of consideration,
the type of consideration chosen by the holders of a majority of the outstanding
Shares); provided, however, that if such consideration received in the merger or
sale of assets is not solely stock of the successor corporation or its Parent or
Subsidiary, the Administrator may, provide for the consideration to be received
upon the exercise of the Option, Stock Purchase Right or SAR, for each Share of
Optioned Stock subject to the Option, Stock Purchase Right or SAR, to be solely
stock of the successor corporation or its Parent or Subsidiary equal in fair
market value to the per share consideration received by holders of Shares in the
merger or sale of assets. An Option Agreement may provide for vesting and
exercisability in full of an Option, Restricted Stock, Stock Purchase Right or
SAR upon a merger or sale of assets regardless of whether a successor or any
Parent or Subsidiary thereof assumes such Option Stock Purchase Right or SAR. In
such event , the vesting and exercisability of such Option, Restricted Stock,
Stock Purchase Right or SAR shall be governed by the terms and conditions of
such Option Agreement, notwithstanding the terms set forth above in this Section
14(c).

         15. TIME OF GRANTING OPTIONS, STOCK PURCHASE RIGHTS, SARS AND
RESTRICTED STOCK. The date of grant of an Option, Stock Purchase Right, SAR or
Restricted Stock Award shall, for all purposes, be the date on which the
Administrator makes the determination granting such Option, Stock Purchase
Right, SAR or Restricted Stock Award, or such other date as is determined by the
Administrator. Notice of the determination shall be given to each Service
Provider to whom an Option, Stock Purchase Right, SAR or Restricted Stock Award
is so granted within a reasonable time after the date of such grant.

         16. AMENDMENT AND TERMINATION OF THE PLAN.

            (a) AMENDMENT AND TERMINATION. The Board may at any time amend,
alter, suspend or terminate the Plan.

            (b) STOCKHOLDER APPROVAL. The Board shall obtain stockholder
approval of any Plan amendment to the extent necessary and desirable to comply
with Applicable Laws.

                                       12
<Page>

            (c) EFFECT OF AMENDMENT OR TERMINATION. No amendment, alteration,
suspension or termination of the Plan shall impair the rights of any Optionee,
unless mutually agreed otherwise between the Optionee and the Administrator,
which agreement must be in writing and signed by the Optionee and the Company.
Termination of the Plan shall not affect the Administrator's ability to exercise
the powers granted to it hereunder with respect to Options granted under the
Plan prior to the date of such termination.

         17. CONDITIONS UPON ISSUANCE OF SHARES.

            (a) LEGAL COMPLIANCE. Shares shall not be issued pursuant to the
exercise of an Option, Stock Purchase Right or SAR unless the exercise of such
Option, Stock Purchase Right or SAR and the issuance and delivery of such Shares
shall comply with Applicable Laws and shall be further subject to the approval
of counsel for the Company with respect to such compliance.

            (b) INVESTMENT REPRESENTATIONS. As a condition to the exercise of an
Option, Stock Purchase Right or SAR, the Administrator may require the person
exercising such Option, Stock Purchase Right or SAR to represent and warrant at
the time of any such exercise that the Shares are being purchased only for
investment and without any present intention to sell or distribute such Shares
if, in the opinion of counsel for the Company, such a representation is
required.

         18. INABILITY TO OBTAIN AUTHORITY. The Company shall use commercially
reasonable efforts to obtain authority from any regulatory body having
jurisdiction, which authority is deemed by the Company's counsel to be necessary
to the lawful issuance and sale of any Shares hereunder. The inability of the
Company to obtain such authority shall relieve the Company of any liability in
respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained.

         19. RESERVATION OF SHARES. The Company, during the term of this Plan,
shall at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.

         20. STOCKHOLDER APPROVAL. The Plan shall be subject to approval by the
stockholders of the Company within twelve (12) months after the date the Plan is
adopted. Such stockholder approval shall be obtained in the degree and manner
required under Applicable Laws.

         21. RIGHTS AND RESTRICTIONS ON SHARES. The Shares acquired upon
exercise of an Option or Stock Purchase Right granted under the Plan shall be
subject to such terms and conditions as the Administrator shall determine in its
sole discretion, including, without limitation, the following rights and
restrictions:

            (a) COMPANY'S RIGHT OF FIRST REFUSAL. Subject to subsection
(b) below, before any Shares held by an Optionee or any permitted transferee
(each, a "Holder") may be sold, pledged, assigned, hypothecated, transferred, or
otherwise disposed of (each, a "Transfer"), the Company or its assignee(s) shall
have a right of first refusal to purchase the Shares on the terms and conditions
set forth in this Section (the "Right of First Refusal"). Such

                                       13
<Page>

Right of First Refusal shall terminate as to all Shares upon the first to occur
of (i) the Public Trading Date or (ii) a merger or sale of the Company with a
publicly traded company as described in Section 14(c).

            (b) NOTICE OF PROPOSED TRANSFER. The Holder of the Shares shall
deliver to the Company at least sixty (60) days prior to making a Transfer a
written notice (the "Transfer Notice") stating: (A) the Holder's bona fide
intention to sell or otherwise Transfer such Shares; (B) the name of each
proposed purchaser or other transferee ("Proposed Transferee"); (C) the proposed
sale price and (D) the number of Shares to be Transferred to each Proposed
Transferee, and the Holder shall offer the Shares at the then Fair Market Value
to the Company or its assignee(s).

            (c) EXERCISE OF RIGHT OF FIRST REFUSAL. During the thirty (30) days
after receipt of the Transfer Notice, the Company may elect in writing to
purchase all, but not less than all, of the Shares proposed to be Transferred to
any one or more of the Proposed Transferees. If the Company does not elect to
purchase all of the Shares proposed to be Transferred within such thirty (30)
day period, the Investors may elect to purchase all, but not less than all, of
the Shares proposed to be Transferred by delivering a written notice of such
election to the Holder within sixty (60) days after the receipt of the Transfer
Notice by the Company. If more than one Investor elects to purchase such Shares,
the number of Shares to be purchased by the electing Investors shall be
allocated among them pro rata on the basis of the number of shares of the
Company's Class B Common Stock on an "As Converted Ownership" (as defined in the
Company's Certificate of Incorporation) basis by them. The purchase price will
be determined in accordance with clause (iii) below.

            (d) PURCHASE PRICE. The purchase price ("Purchase Price") for the
   Shares repurchased under this Section shall be the then Fair Market Value.

            (e) PAYMENT. Payment of the purchase price shall be made, at the
option of the Company or its assignee(s), in cash (by check), by cancellation of
all or a portion of any outstanding indebtedness of the Holder to the Company
(or, in the case of repurchase by an assignee, to the assignee), or by any
combination thereof within thirty (30) days after receipt of the Transfer Notice
or in the manner and at the times set forth in the Transfer Notice.

            (f) HOLDER'S RIGHT TO TRANSFER. If all of the Shares proposed in the
Transfer Notice to be transferred to a given Proposed Transferee are not
purchased by the Company and/or its assignee(s) as provided in this Section,
then the Holder may sell or otherwise transfer such Shares to that Proposed
Transferee at the then Fair Market Value or at the sale price set forth in the
Transfer Notice, provided that (A) such sale or other Transfer is consummated
within one hundred twenty (120) days after the date of the Transfer Notice, (B)
any such sale or other Transfer is effected in accordance with any applicable
securities laws, (C) the Proposed Transferee agrees in writing that the
provisions of this Section shall continue to apply to the Shares in the hands of
such Proposed Transferee, and (D) prior to making any Transfer, the Holder shall
use reasonable efforts to ascertain whether the Proposed Transferee(s) or any
person or entity affiliated with the Proposed Transferee(s) is a competitor of
the Company and if Holder has reason to believe that the Proposed Transferee is
or is affiliated with or acting on behalf of such a competitor, the Holder shall
not transfer any Shares to the Proposed Transferee. If the

                                       14
<Page>

Shares described in the Transfer Notice are not Transferred to the Proposed
Transferee within such 120 day period, a new Transfer Notice shall be given to
the Company, and the Company and/or its assignees shall again be offered the
Right of First Refusal as provided herein before any Shares held by the Holder
may be sold or otherwise Transferred.

            (g) EXCEPTION FOR CERTAIN FAMILY TRANSFERS. Notwithstanding any
provision in the Plan to the contrary, the Transfer of any or all of the Shares
during the Holder's lifetime to a Family Member (as defined below) or the
Transfer on the Holder's death by will or intestacy to anyone shall be exempt
from the Right of First Refusal; PROVIDED, HOWEVER, that any Transfer by the
Holder during the Holder's lifetime to the Holder's Family Member shall be
without payment of any consideration whatsoever and must be approved in advance
by the Administrator. In such case, the transferee or other recipient shall
receive and hold the Shares so Transferred subject to the provisions of this
Section 21, and there shall be no further Transfer of such Shares except in
accordance with the terms of this Section 21. "FAMILY MEMBER" means, and is
limited to, any child, stepchild, grandchild, parent, stepparent, grandparent,
spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including
adoptive relationships, any person sharing the Holder's household (other than a
tenant or employee), a trust in which these persons have more than fifty percent
of the beneficial interest, a foundation in which these persons (or the Holder)
control the management of assets, and any other entity in which these persons
(or the Holder) own more than fifty percent of the voting interests.

            22. GOVERNING LAW. The validity and enforceability of this Plan
shall be governed by and construed in accordance with the laws of the State of
Delaware without regard to otherwise governing principles of conflicts of law.

                                    Adopted by and approved by the shareholders
                                    of Orbitz, Inc. on April 10, 2002

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