Document:

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                                                                    EXHIBIT 10.6

                                 FORM OF WARRANT

                  (A) NEITHER THIS WARRANT NOR ANY SECURITIES ACQUIRED UPON THE
EXERCISE OF THIS WARRANT (THE "SECURITIES") HAVE BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE
OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS OR AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER SUCH ACT
AND SUCH LAWS.

                  (B) THIS WARRANT IS ALSO SUBJECT TO CERTAIN RESTRICTIONS ON
TRANSFER AS SET FORTH HEREIN.

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                        HOTEL RESERVATIONS NETWORK, INC.
                      CLASS A COMMON STOCK PURCHASE WARRANT

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                  This certifies that, for good and valuable consideration,
Hotel Reservations Network, a Delaware corporation ("HRN"), grants to [ ] (the
"Warrantholder"), the right to subscribe for and purchase from HRN [ ] validly
issued, fully paid and nonassessable shares (the "Warrant Shares") of HRN's
Class A Common Stock, par value $.01 per share (the "Class A Common Stock"), at
a purchase price per share of $[ ] (the "Exercise Price"), at any time prior to
5:00 p.m. Eastern Time, on the third anniversary of the date hereof (the
"Expiration Date"), all subject to the terms, conditions and adjustments herein
set forth.

                  This Warrant was issued in connection with and pursuant to the
terms of the Letter Agreement, dated as of [ ] the ("Letter Agreement"), among
HRN and the Warrantholder, and is subject to the terms thereof.

                  1.       EXERCISE OF WARRANT.

                           1.1 EXERCISE OF WARRANT. This Warrant may be
exercised, in whole or in part, at any time or from time to time prior to the
Expiration Date, by surrendering to HRN at its principal office this Warrant,
with an Exercise Form (as defined herein) duly executed by the Warrantholder and
accompanied by payment of

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                                                                               2

the Exercise Price for the number of shares of Class A Common Stock specified in
such Exercise Form.

                           1.2 CASHLESS EXERCISE. In lieu of the payment of the
Exercise Price, the Warrantholder shall have the right (but not the obligation)
to require HRN to convert this Warrant, in whole or in part, into shares of
Class A Common Stock (the "Conversion Right") as provided for in this Section
1.2. Upon exercise of the Conversion Right, HRN shall deliver to the
Warrantholder (without payment by the Warrantholder of any of the Exercise
Price) that number of shares of Class A Common Stock equal to the quotient
obtained by dividing (x) the value of the Warrant at the time the Conversion
Right is exercised (determined by subtracting the aggregate Exercise Price in
effect immediately prior to the exercise of the Conversion Right from the
aggregate Current Market Price (as defined herein) of the shares of Class A
Common Stock issuable upon exercise of the Warrant immediately prior to the
exercise of the Conversion Right) by (y) the Current Market Price of one share
of Class A Common Stock immediately prior to the exercise of the Conversion
Right. The Conversion Right may be exercised at any time or from time to time by
surrendering to HRN at its principal office this Warrant, with an Exercise Form
duly executed by the Warrantholder and indicating that the Warrantholder wishes
to exercise the Conversion Right and specifying the total number of shares of
Class A Common Stock that the Warrantholder will be issued pursuant to such
Conversion Right.

                           1.3 DELIVERY OF WARRANT SHARES; EFFECTIVENESS OF
EXERCISE.

                                (a) DELIVERY OF WARRANT SHARES. A stock
certificate or certificates for the Warrant Shares specified in the Exercise
Form along with a check for the amount of cash to be paid in lieu of fractional
shares, if any, shall be delivered to the Warrantholder within three Business
Days after the Exercise Date (as defined herein). If this Warrant shall have
been exercised only in part, HRN shall, at the time of delivery of the stock
certificate or certificates and cash in lieu of fractional shares, if any,
deliver to the Warrantholder a new Warrant evidencing the rights to purchase the
remaining Warrant Shares, which new Warrant shall in all other respects be
identical with this Warrant.

                                (b) EFFECTIVENESS OF EXERCISE. The exercise of
this Warrant shall be deemed to have been effective immediately prior to the
close of business on the Business Day on which this Warrant is exercised in
accordance with Section 1.1 (the "Exercise Date"). The Person in whose name any
certificate for shares of Class A Common Stock shall be issuable upon such
exercise shall be deemed to be the record holder of such shares of Class A
Common Stock for all purposes on the Exercise Date.

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                                (c) LIMITATIONS ON EXERCISE. Notwithstanding
anything to the contrary herein, this Warrant may be exercised only upon the
delivery to HRN of any certificates, legal opinions, or other documents
reasonably requested by HRN to satisfy HRN that the proposed exercise of this
Warrant may be effected without registration under the Securities Act. The
Warrantholder shall not be entitled to exercise this Warrant, or any part
thereof, unless and until such certificates, legal opinions or other documents
are reasonably acceptable to HRN.

                           1.4 PAYMENT OF TAXES. The issuance of certificates
for Warrant Shares shall be made without charge to the Warrantholder for any
stock transfer or other issuance tax in respect thereof; PROVIDED, HOWEVER, that
the Warrantholder shall be required to pay any and all taxes that may be payable
in respect of any transfer involved in the issuance and delivery of any
certificate in a name other than that of the then Warrantholder as reflected
upon the books of HRN.

                  2.       RESTRICTIONS ON TRANSFER.

                           2.1 In addition to the restrictions in Section 11.3,
the Warrantholder shall not Transfer (as defined in Section 11.3) any Warrant
Shares prior to the first anniversary of the date hereof. This Section 2.1 shall
survive the exercise of the Warrants.

                  3.       RESTRICTIVE LEGENDS.

                           3.1 WARRANTS. Except as otherwise permitted by this
Sec tion 3, each Warrant (and each Warrant issued in substitution for any
Warrant pursu ant to Section 5) shall be stamped or otherwise imprinted with a
legend in substan tially the following form:

                  (A) NEITHER THIS WARRANT NOR ANY SECURITIES ACQUIRED UPON THE
         EXERCISE OF THIS WARRANT (THE "SECURITIES") HAVE BEEN REGISTERED UNDER
         THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY
         STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST
         THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE
         DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
         UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN
         AVAILABLE EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS.

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                  (B) THIS WARRANT IS ALSO SUBJECT TO CERTAIN RESTRICTIONS ON
         TRANSFER AS SET FORTH HEREIN.

                           3.2 WARRANT SHARES. Except as otherwise permitted by
this Section 3, each stock certificate for Warrant Shares issued upon the
exercise of any Warrant and each stock certificate issued upon the direct or
indirect transfer of any such Warrant Shares shall be stamped or otherwise
imprinted with a legend in substantially the following form:

                  (A) THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
         ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST
         THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE
         DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
         UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN
         EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS.

                  (B) THE SALE, ASSIGNMENT, PLEDGE, ENCUMBRANCE OR OTHER
         DISPOSITION (EACH A "TRANSFER") OF ANY OF THE SECURITIES REPRESENTED BY
         THIS CERTIFICATE ARE RESTRICTED BY THE TERMS OF THE WARRANT DATED [ ],
         2000, AMONG THE COMPANY AND THE WARRANTHOLDER NAMED THEREIN, A COPY OF
         WHICH MAY BE INSPECTED AT THE COMPANY'S PRINCIPAL OFFICE. THE COMPANY
         WILL NOT REGISTER THE TRANSFER OF SUCH SECURITIES ON THE BOOKS OF THE
         COMPANY UNLESS AND UNTIL THE TRANSFER HAS BEEN MADE IN COMPLIANCE WITH
         THE TERMS OF THE WARRANT AGREEMENT.

                           3.3 REMOVAL OF LEGENDS. Notwithstanding the
foregoing, the Warrantholder may require HRN to issue a Warrant or a stock
certificate for Warrant Shares, in each case without the legend required by
Section 3.1(A) or 3.2(A), as applicable, if either (i) such Warrant or such
Warrant Shares, as the case may be, have been registered for resale under the
Securities Act or (ii) the Warrantholder has delivered to HRN an opinion of
legal counsel (from a firm reasonably satisfactory to HRN) which opinion shall
be addressed to HRN and be reasonably satisfactory in form and substance to
HRN's counsel, to the effect that such registration is not required with respect
to such Warrant or such Warrant Shares, as the case may be.

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                  4.       RESERVATION OF SHARES, ETC.

                  HRN covenants and agrees as follows:

                                (a) All Warrant Shares that are issued upon the
exercise of this Warrant will, upon issuance, be validly issued, fully paid and
nonassessable, not subject to any preemptive rights, and free from all taxes,
liens, security interests, charges, and other encumbrances with respect to the
issuance thereof, other than taxes in respect of any transfer occurring
contemporaneously with such issue and the restrictions on transfer contained in
this Warrant.

                                (b) During the period within which this Warrant
may be exercised, HRN will at all times have authorized and reserved, and keep
available free from preemptive rights a sufficient number of shares of Class A
Common Stock to provide for the exercise of the rights represented by this
Warrant.

                                (c) HRN will, from time to time, take all such
action as may be required to assure that the par value per share of the Warrant
Shares is at all times equal to or less than the then Effective Exercise Price.

                  5.       LOSS OR DESTRUCTION OF WARRANT.

                  Subject to the terms and conditions hereof, upon receipt by
HRN of evidence reasonably satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant and, in the case of loss, theft or destruction, of
such bond or indemnification as HRN may reasonably require, and, in the case of
mutilation, upon surrender and cancellation of this Warrant, HRN will execute
and deliver a new Warrant of like tenor.

                  6.       OWNERSHIP OF WARRANT.

                  HRN may deem and treat the Person in whose name this Warrant
is registered as the holder and owner hereof (notwithstanding any notations of
ownership or writing hereon made by anyone other than HRN) for all purposes and
shall not be affected by any notice to the contrary, until presentation of this
Warrant for registra tion of transfer.

                  7.       CERTAIN ADJUSTMENTS.

                           7.1 The number of Warrant Shares purchasable upon the
exercise of this Warrant and the Exercise  Price shall be subject to  adjustment
as follows:

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                                (a) STOCK DIVIDENDS, SUBDIVISION, COMBINATION OR
RECLASSIFICATION OF CLASS A COMMON STOCK. If at any time after the date of the
issuance of this Warrant HRN shall (i) declare a stock dividend on the Class A
Common Stock payable in shares of its capital stock (including Class A Common
Stock), (ii) increase the number of shares of Class A Common Stock outstanding
by a subdivision or split-up of shares of Class A Common Stock, (iii) decrease
the number of shares of Class A Common Stock outstanding by a combination of
shares of Class A Common Stock or (iv) issue any shares of its capital stock in
a reclassification of the Class A Common Stock, then, on the record date for
such dividend or the effective date of such subdivision or split-up, combination
or reclassification, as the case may be, the number and kind of shares to be
delivered upon exercise of this Warrant will be adjusted so that the
Warrantholder will be entitled to receive the number and kind of shares of
capital stock that such Warrantholder would have owned or been entitled to
receive upon or by reason of such event had this Warrant been exercised
immediately prior thereto, and the Exercise Price will be adjusted as provided
below in paragraph (g).

                                (b) REORGANIZATION, ETC. If at any time after
the date of issuance of this Warrant any consolidation of HRN with or merger of
HRN with or into any other Person (other than a merger or consolidation in which
HRN is the surviving or continuing corporation and which does not result in any
reclassification of, or change (other than a change in par value or from par
value to no par value or from no par value to par value, or as a result of a
subdivision or combination in, outstanding shares of Class A Common Stock) or
any sale, lease or other transfer of all or sub stantially all of the assets of
HRN to any other Person (each a "Reorganization Event"), shall be effected in
such a way that the holders of Class A Common Stock shall be entitled to receive
stock, other securities or assets (whether such stock, other securities or
assets are issued or distributed by HRN or another Person) with respect to or in
exchange for Class A Common Stock, then, with respect to any unexercised
Warrant, the Board of Directors of HRN or any surviving or acquiring corporation
or entity (the "Relevant Entity") shall take such action as is equitable and
appropriate to substitute a new warrant for such Warrant or to assume such
Warrant in order to make such new or assumed warrant as nearly as may be
practicable, equivalent to the old Warrant (the "Reorganization Action").
Notwithstanding the foregoing, in lieu of taking any such action, the Relevant
Entity may pay to the Warrantholder the Value of the Warrant (as defined below)
in cancellation of the Warrant. The "Value of the Warrant" shall be the value of
the consideration received less the Exercise Price as determined in good faith
by HRN's Board of Directors. The Value of the Warrant shall be payable either,
at the election of the Relevant Entity, in cash or in the form of consideration
paid to holders of shares of Class A Common Stock pursuant to the Reorganization
Event.

                                (c) EXTRAORDINARY DISTRIBUTIONS. If at any time
after the date of issuance of this Warrant HRN shall distribute to all holders
of its Class A

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                                                                               7

Common Stock (including any such distribution made in connection with a
consolidation or merger in which HRN is the continuing or surviving corporation
and the Class A Common Stock is not changed or exchanged) cash, evidences of
indebtedness, securities or other assets (excluding (i) ordinary course
quarterly cash dividends and (ii) dividends payable in shares of capital stock
for which adjustment is made under Section 7.1(a)) or rights, options or
warrants to subscribe for or purchase securities of HRN, then the number of
shares of Class A Common Stock to be delivered to such Warrantholder upon
exercise of this Warrant shall be increased so that the Warrantholder thereafter
shall be entitled to receive the number of shares of Class A Common Stock
determined by multiplying the number of shares such Warrantholder would have
been entitled to receive immediately before such record date by a fraction, the
denominator of which shall be the Current Market Price per share of Class A
Common Stock on such record date minus the then fair market value (as reasonably
determined by the Board of Directors of HRN in good faith) of the portion of the
cash, evidences of indebtedness, securities or other assets so distributed or of
such rights or warrants applicable to one share of Class A Common Stock
(provided that such denominator shall in no event be less than $.01 and the
numerator of which shall be the Current Market Price per share of the Class A
Common Stock, and the Exercise Price shall be adjusted as provided below in
paragraph (g).

                                (d) PRO RATA REPURCHASES. If at any time after
the date of issuance of this Warrant, HRN or any subsidiary thereof shall make a
Pro Rata Repurchase, then the number of shares of Class A Common Stock to be
delivered to such Warrantholder upon exercise of this Warrant shall be increased
so that the Warrantholder thereafter shall be entitled to receive the number of
shares of Class A Common Stock determined by multiplying the number of shares of
Class A Common Stock such Warrantholder would have been entitled to receive
immediately before such Pro Rata Repurchase by a fraction (which in no event
shall be less than one) the denominator of which shall be (i) the product of (x)
the number of shares of Class A Common Stock outstanding immediately before such
Pro Rata Repurchase and (y) the Current Market Price of the Class A Common Stock
as of the day immediately preceding the first public announcement by HRN of the
intent to effect such Pro Rata Repurchase minus (ii) the aggregate purchase
price of the Pro Rata Repurchase (provided that such denominator shall never be
less than $.01, and the numerator of which shall be the product of (i) the
number of shares of Class A Common Stock outstanding immediately before such Pro
Rata Repurchase minus the number of shares of Class A Common Stock repurchased
in such Pro Rata Repurchase and (ii) the Current Market Price of the Class A
Common Stock as of the day immediately preceding the first public announcement
by HRN of the intent to effect such Pro Rata Repurchase.

                                (e) FRACTIONAL SHARES. No fractional shares of
Class A Common Stock or scrip shall be issued to any Warrantholder in connection
with the

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exercise of this Warrant. Instead of any fractional shares of Class A Common
Stock that would otherwise be issuable to such Warrantholder, HRN will pay to
such Warrantholder a cash adjustment in respect of such fractional interest in
an amount equal to that fractional interest of the then Current Market Price per
share of Class A Common Stock.

                                (f) CARRYOVER. Notwithstanding any other
provision of this Section 7.1, no adjustment shall be made to the number of
shares of Class A Common Stock to be delivered to the Warrantholder (or to the
Exercise Price) if such adjustment represents less than 1% of the number of
shares to be so delivered, but any lesser adjustment shall be carried forward
and shall be made at the time and together with the next subsequent adjustment
that together with any adjustments so carried forward shall amount to 1% or more
of the number of shares to be so delivered.

                                (g) EXERCISE PRICE ADJUSTMENT. Whenever the
number of Warrant Shares purchasable upon the exercise of the Warrant is
adjusted as provided pursuant to this Section 7.1, the Exercise Price per share
payable upon the exercise of this Warrant shall be adjusted by multiplying such
Exercise Price immediately prior to such adjustment by a fraction, of which the
numerator shall be the number of Warrant Shares purchasable upon the exercise of
the Warrant immediately prior to such adjustment, and of which the denominator
shall be the number of Warrant Shares purchasable immediately thereafter;
PROVIDED, HOWEVER, that the Exercise Price for each Warrant Share shall in no
event be less than the par value of such Warrant Share.

                                (h) MULTIPLE ADJUSTMENTS. If any action or
transaction would require adjustment of the number of shares of Class A Common
Stock to be delivered to the Warrantholder upon exercise of this Warrant
pursuant to more than one paragraph of this Section 7.1, only one adjustment
shall be made and each such adjustment shall be the amount of adjustment that
has the highest absolute value.

                           7.2 NOTICE OF ADJUSTMENT. Whenever the number of
Warrant Shares or the Exercise Price of such Warrant Shares is adjusted, as
herein provided, HRN shall promptly mail by overnight courier or by first class
mail, postage prepaid, to the Warrantholder, notice of such adjustment or
adjustments setting forth the number of Warrant Shares and the Exercise Price of
such Warrant Shares after such adjustment, setting forth a brief statement of
the facts requiring such adjustment and setting forth the computation by which
such adjustment was made.

                           7.3 NOTICES OF CORPORATE ACTION. So long as this
Warrant has not been exercised in full, in the event of:

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                                (a) any action that would trigger an adjustment
to the number of shares of Class A Common Stock to be delivered to the
Warrantholder upon exercise of this Warrant,

                                (b) any consolidation or merger involving HRN
and any other party or any transfer of all or substantially all the assets of
HRN to any other party, or

                                (c) any voluntary or involuntary dissolution,
liquidation or winding-up of HRN,

HRN will deliver, by overnight courier or by first class mail, postage prepaid,
to the Warrantholder a notice specifying (i) the date or expected date on which
any such record is to be taken for the purpose of a dividend, distribution or
right and the amount and character of any such dividend, distribution or right
and (ii) the date or expected date on which a reorganization, reclassification,
recapitalization, consolidation, merger, transfer, dissolution, liquidation or
winding-up is to take place and the time, if any such time is to be fixed, as of
which the holders of record of Class A Common Stock (or other securities) shall
be entitled to exchange their shares of Class A Common Stock (or other
securities) for the securities or other property deliverable upon such
reorganization, reclassification, recapitalization, consolidation, merger,
transfer, dissolution, liquidation or winding-up. Such notice shall be delivered
at least 20 days prior to the date therein specified in the case of any date
referred to in the foregoing subdivisions (i) and (ii).

                           7.4 EFFECT OF FAILURE TO NOTIFY. Failure to file any
certificate or notice or to mail any notice, or any defect in any certificate or
notice, pursuant to Section 7.3 shall not affect the legality or validity of the
adjustment to the Exercise Price, the number of shares purchasable upon exercise
of this Warrant, or any transaction giving rise thereto.

                  8. AMENDMENTS. Any provision of this Warrant may be amended
and the observance thereof waived only with the written consent of HRN and the
Warrantholder.

                  9. EXPIRATION OF THE WARRANT. The obligations of HRN pursuant
to this Warrant shall terminate on the Expiration Date.

                  10. DEFINITIONS.

                  As used herein, unless the context otherwise requires, the
following terms have the following meanings:

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                  "BUSINESS DAY" means any day other than a Saturday, Sunday or
a day on which national banks are authorized by law or executive order to close
in the State of Texas or New York.

                  "CLOSING PRICE" of the Class A Common Stock as of any day,
means (a) the average of the closing bid and asked prices, in either case as
reported on the principal national securities exchange on which the Class A
Common Stock is listed or admitted to trading or (b) if the Class A Common Stock
is not listed or admitted to trading on any national securities exchange, the
average of the highest reported bid and lowest reported asked quotation for the
Class A Common Stock, in either case reported on the National Association of
Securities Dealers, Inc. Automated Quotation System ("NASDAQ"), or a similar
service if NASDAQ is no longer reporting such information.

                  "CLASS A COMMON STOCK" has the meaning specified on the cover
of this Warrant.

                  "HRN" has the meaning specified on the cover of this Warrant.

                  "CURRENT MARKET PRICE" means, with respect to each share of
Class A Common Stock as of any date, the average of the daily Closing Prices per
share of Class A Common Stock for the 10 consecutive trading days prior to such
date; provided that if on any such date the shares of Class A Common Stock are
not listed or admitted for trading on any national securities exchange or quoted
by NASDAQ or a similar service, the Current Market Price for a share of Class A
Common Stock shall be the fair market value of such share as determined in good
faith by the Board of Directors of HRN or, if requested by the Warrantholder, an
Independent Financial Expert selected jointly by the Board of Directors and such
Warrantholder. If HRN and the Warrantholder are unable to agree upon an
Independent Financial Expert within 15 days after the request by the
Warrantholder, each of HRN and the Warrantholder shall select an Independent
Financial Expert within 5 days following the expiration of such 15-day period
and these two Independent Financial Experts shall select a third Independent
Financial Expert and the determination of the fair market value of a share of
Class A Common Stock by such third Independent Financial Expert shall be final
and binding on HRN and the Warrantholder. If either HRN or the Warrantholder
shall fail to select an Independent Financial Expert within such 5-day period,
then the fair market value of a share of Class A Common Stock shall be
determined by the Independent Financial Expert selected by the other party. The
fees and expenses of any of the Independent Financial Experts retained in
accordance with the foregoing shall be borne by HRN.

                  "EXERCISE FORM" means an Exercise Form in the form annexed
hereto as Exhibit A.

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                  "EXERCISE PRICE" has the meaning specified on the cover of
this Warrant.

                  "EXPIRATION DATE" has the meaning specified on the cover of
this Warrant.

                  "INDEPENDENT FINANCIAL EXPERT" means an independent nationally
recognized investment banking firm.

                  "PERSON" means any individual, corporation, partnership, joint
venture, association, trust, limited liability company or other entity.

                  "PRO RATA REPURCHASE" means any purchase of shares of Class A
Common Stock by HRN or by any of its subsidiaries whether for cash, shares of
capital stock of HRN, other securities of HRN, evidences of indebtedness of HRN
or any other Person or any other property (including, without limitation, shares
of capital stock, other securities or evidences of indebtedness of a subsidiary
of HRN), or any combination thereof, which purchase is subject to Section 13(e)
of the Securities Exchange Act of 1934, as amended, or is made pursuant to an
offer made available to all holders of Class A Common Stock.

                  "SECURITIES ACT" has the meaning specified on the cover of
this Warrant.

                  "WARRANTHOLDER" has the meaning specified on the cover of this
Warrant.

                  "WARRANT SHARES" has the meaning specified on the cover of
this Warrant.

                  11. MISCELLANEOUS.

                           11.1 ENTIRE AGREEMENT. This Warrant together with the
Letter Agreement and constitute the entire agreement between HRN and the
Warrantholder with respect to the Warrants.

                           11.2 BINDING EFFECT; BENEFITS. This Warrant shall
inure to the benefit of and shall be binding upon HRN and the Warrantholder and
their respective successors and assigns. Nothing in this Warrant, expressed or
implied, is intended to or shall confer on any Person other than HRN and the
Warrantholder, or their respective successors or assigns, any rights, remedies,
obligations or liabilities under or by reason of this Warrant.

                           11.3 TRANSFER; ASSIGNMENT. The Warrantholder may not
sell, assign, transfer, gift, exchange or otherwise dispose of, or grant a lien,
encumbrance, pledge or other security interest in (each a "Transfer") this
Warrant, except that after the

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first anniversary of the date hereof the Warrantholder may Transfer this Warrant
to an affiliate of the Warrantholder.

                           11.4 SECTION AND OTHER HEADINGS. The section and
other headings contained in this Warrant are for reference purposes only and
shall not be deemed to be a part of this Warrant or to affect the meaning or
interpretation of this Warrant.

                           11.5 NOTICES. All notices and other communications
required or permitted hereunder shall be in writing and shall be delivered
personally, telecopied or sent by certified, registered or express mail, postage
prepaid. Any such notice shall be deemed given when so delivered personally,
telecopied or sent by certified, registered or express mail, as follows:

                                  (a)     if to HRN, addressed to:

                                          Hotel Reservations Network
                                          8140 Walnut Hill Lane
                                          Suite 203
                                          Dallas, TX 75231
                                          Attention: Robert Diener
                                          Telecopy:  (305) 892-4443

                                  (b)     if to the Warrantholder, addressed to:

                                 Attention:

Any party may by notice given in accordance with this Section 11.5 designate
another address or person for receipt of notices hereunder.

                           11.6 SEVERABILITY. Any term or provision of this
Warrant which is invalid or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity or
unenforceability without rendering invalid or unenforceable the terms and
provisions of this Warrant or affecting the validity or enforceability of any of
the terms or provisions of this Warrant in any other jurisdiction.

                           11.7 GOVERNING LAW. This Warrant shall be deemed to
be a contract made under the laws of the State of Delaware and for all purposes
shall be governed by and construed in accordance with the laws of such State
applicable to such agreements made and to be performed entirely within such
State.

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                           11.8 CERTAIN REMEDIES. The Warrantholder shall be
entitled to an injunction or injunctions to prevent breaches of the provisions
of this Warrant and to enforce specifically the terms and provisions of this
Warrant in any court of the United States or any court of any state having
jurisdiction, this being in addition to any other remedy to which the
Warrantholder may be entitled at law or in equity.

                           11.9 NO RIGHTS OR LIABILITIES AS STOCKHOLDER. Nothing
contained in this Warrant shall be deemed to confer upon the Warrantholder any
rights as a stockholder of HRN or as imposing any liabilities on the
Warrantholder to purchase any securities whether such liabilities are asserted
by HRN or by creditors or stockholders of HRN or otherwise.

                           11.10 FURTHER ASSURANCES. Each of HRN and the
Warrantholder shall do and perform all such further acts and things and execute
and deliver all such certificates, instruments and documents as HRN or the
Warrantholder may, at any time and from time to time, reasonably request in
connection with the performance of any of the provisions of this Agreement.

                  IN WITNESS WHEREOF, HRN has caused this Warrant to be signed
by its duly authorized officer.

                                    HOTEL RESERVATIONS NETWORK

                                    By:
                                         ----------------------------------
                                         Robert Diener
                                         President

Dated: [               ]

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                                                                              14

                                                                       EXHIBIT A

                                  EXERCISE FORM

                 (To be executed upon exercise of this Warrant)

                  The undersigned hereby irrevocably elects to exercise the
right, represented by this Warrant, to purchase __________ of the Warrant Shares
and herewith tenders payment for such Warrant Shares to the order of Hotel
Reservations Network in the amount of $__________ in accordance with the terms
of this Warrant. The undersigned requests that a certificate for such Warrant
Shares be registered in the name of the undersigned and that such certificates
be delivered to the undersigned's address below.

Dated:
       ----------------------------------

                                    Signature
                                               ------------------------------

                                                 ----------------------------
                                                         (Print Name)

                                                 ----------------------------
                                                       (Street Address)

                                                 ----------------------------
                                                 (City)   (State)  (Zip Code)<PAGE>

                                                                    Exhibit 10.7

                                    EXHIBIT B

                                 FORM OF WARRANT

            (A) NEITHER THIS WARRANT NOR ANY SECURITIES ACQUIRED UPON THE
EXERCISE OF THIS WARRANT (THE "SECURITIES") HAVE BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE
OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS OR AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER SUCH ACT
AND SUCH LAWS.

            (B) THIS WARRANT IS ALSO SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER
AS SET FORTH HEREIN.

                ------------------------------------------------

                        HOTEL RESERVATIONS NETWORK, INC.
                      CLASS A COMMON STOCK PURCHASE WARRANT

                ------------------------------------------------

            This certifies that, for good and valuable consideration, Hotel
Reservations Network, a Delaware corporation ("HRN"), grants to Travelocity.com
LP, a Delaware limited partnership (the "Warrantholder"), subject to the vesting
conditions set forth in Section 1, the right to subscribe for and purchase from
HRN [  ]1/ validly issued, fully paid and nonassessable shares (the "Warrant
Shares") of HRN's Class A Common Stock, par value $.01 per share (the "Class A
Common Stock"), at a

----------
1/    The number of shares shall equal the greater of (A) 4.50% of the total
      number of shares of stock outstanding following the initial closing of the
      IPO, or (B) 4.275% of the sum of the total number of shares of stock
      outstanding immediately following the initial closing of the IPO plus the
      total number of shares issuable upon exercise or conversion of all
      warrants, options, and other convertible securities outstanding
      immediately following consummation of the IPO or which HRN is obligated
      (as of the time immediately following consummation of the IPO) to issue
      (but excluding warrants issued to Travelocity LP).

<PAGE>
                                                                               2

purchase price per share of $[  ]2/ (the "Exercise Price"), at any time from and
after January [  ], 2003 (subject to Sections 1.6, 1.7, 1.8 and 2), the
"Exercisability Date") but prior to 5:00 p.m. Eastern Time, on January [  ],
2004 (the "Expiration Date"), all subject to the terms, conditions and
adjustments herein set forth.

            This Warrant was issued in connection with and pursuant to the terms
of the Letter Agreement, dated as of January ___, 2000 (the "Letter Agreement"),
between HRN, Sabre Inc., through its Travelocity.com division ("Travelocity"),
and Travelocity.com LP, a Delaware limited partnership ("Travelocity LP") and is
subject to the terms thereof. Reference in this Warrant is made to the
Affiliation Agreement (the "Affiliation Agreement), dated January __, 2000 (the
"Effective Date"), between HRN and Travelocity.

            1. PERFORMANCE VESTING. The Warrantholder's right to exercise all or
any part of this Warrant shall be subject to the following:

<TABLE>
<CAPTION>
                                    Twelve Months Ended [January,]

                                     2001            2002            2003
<S>                              <C>             <C>             <C>
                  Target         $140 million    $218 million    $298 million

                  Minimum        $ 55 million    $ 80 million    $110 million
</TABLE>

                  1.1 Subject to Section 1.6 below, one-third of this Warrant
shall be deemed earned for each specified twelve month period during which the
amount of Travelocity Bookings for such period equals or exceeds the applicable
Target amount for such period. For example, if the amounts of Travelocity
Bookings during each of such three twelve month periods exceed the applicable
Target amounts for such periods, this Warrant shall be earned in full and the
Warrantholder shall be entitled to exercise this Warrant as provided herein for
all of the Warrant Shares. Notwithstanding that portions of this Warrant may be
deemed earned after each of the specified twelve month periods, no portion of
this Warrant shall be exercisable until the Exercisability Date. For purposes of
this Section 1, "Travelocity Bookings" means the gross sales amount before tax
of all orders placed and consumed (i.e., by staying at the hotel pursuant to the
booked order or, if full payment for the stay (other than a $50 cancellation
fee) is not refunded to the customer) either: (a) online through the Travelocity
Network, (b) through the Travelocity-exclusive telephone number(s) or (c)
through Travelocity customer service. Travelocity Bookings shall include, in the
event the merger of Travelocity and Preview Travel, Inc. is consummated, any
bookings,

----------
2/ The IPO price.

<PAGE>
                                                                               3

after the date of such merger, made pursuant to that certain Interactive Product
Marketing Agreement dated October 26, 1999 between Preview Travel, Inc. and HRN.

                  1.2 If the amount of Travelocity Bookings does not equal or
exceed the applicable Target amount for a specified period but does exceed the
applicable Minimum amount for such period, then, subject to Section 1.6 below, a
proportionate part of the one-third of this Warrant available to be earned
during such period shall be deemed earned during such period and shall become
exercisable on the Exercisability Date. The number of shares so earned and
exercisable for such period shall be equal to the product of (A) [insert number
that is one-third of total Warrant Shares] and (B) a fraction, the numerator of
which is the amount of Travelocity Bookings for such period and the denominator
of which is the specified Target amount for such period.

                  1.3 To the extent that the amount of Travelocity Bookings
during any specified twelve month period exceeds the applicable Target amount
for such period, the excess amount shall be carried forward and applied in
determining the amount of Travelocity Bookings during the next succeeding twelve
month period.

                  1.4 If the amount of Travelocity Bookings during a specified
twelve month period is less than the applicable Target amount but greater than
an amount equal to the applicable Minimum amount minus $10 million, then the
amount of Travelocity Bookings in the next succeeding twelve month period or
periods shall first be applied to earn the remaining unearned portion of this
Warrant in respect of the prior period. Any amounts so applied shall be
disregarded in determining the amount of Travelocity Bookings for any other
twelve month period (except with respect to determining whether the conditions
of the first sentence of this paragraph 1.4 have been met or whether the $40
Million Minimum (as defined in Section 1.6) has been met). For example, if the
Travelocity Bookings for the three twelve-month periods equals $100 million,
$200 million, and $300 million, respectively, then warrants for [100/140 *1/3 *
the total number of Warrant Shares] would be earned in year 1, warrants for
[(40/140 * 1/3 * the total number of Warrant Shares) plus (160/218 * 1/3 * the
total number of Warrant Shares)] would be earned in year 2 (the first $40
million in year 2 bookings being applied to complete the earning of the year 1
Warrant Shares that were unearned in Year 1), and warrants for [(58/218 * 1/3 *
the total number of Warrant Shares) plus (242/298 * 1/3 * the total number of
Warrant Shares)] would be earned in year 3 (the first $58 million in year 3
bookings being applied to complete the earning of the year 2 Warrant Shares that
were unearned in year 2). For further example, if the Travelocity Bookings for
the three twelve month periods equals $50 million, $100 million, and $300
million, respectively, then $90 million in year 2 bookings would be applied
to earn the year 1 warrants in full ($50 million in year 1 bookings plus $90
million of the year 2 bookings), and, $208 million in Year 3 bookings would be
applied
<PAGE>
                                                                               4

to earn the year 2 warrants in full (the remaining $10 million in year 2
bookings plus $208 million of the year 3 bookings), but the remaining $92
million in year 3 bookings would not meet the year 3 Minimum amount and would
therefore earn no year 3 warrants.

                  1.5 Within 30 days after the end of each of the specified
twelve month periods, HRN shall deliver to Travelocity and the Warrantholder a
written statement setting forth the amount of Travelocity Bookings during such
twelve month period and a computation of the amount of this Warrant, if any,
that has been earned in respect of such period.

                  1.6 Notwithstanding anything to the contrary contained in
Section 1.1, 1.2, 1.3. or 1.4, no portion of this Warrant shall be deemed earned
if the amount of Travelocity Bookings during the second and third twelve month
periods of the term of the Affiliation Agreement (without regard to the
application of Travelocity Bookings from or to other periods under Sections 1.3
or 1.4 above) does not equal or exceed $40 million (this condition being
referred to herein as the "$40 Million Minimum") (e.g. a portion earned under
section 1.1 for year 1 shall not be deemed earned if Travelocity Bookings for
year 2 are less than $40 million, but a portion earned under section 1.1 for
year 2 shall be deemed earned if Travelocity Bookings for year 1 are less than
$40 million so long as Travelocity Bookings for years 2 and 3 are each greater
than $40 million, thus meeting the $40 million Minimum). Notwithstanding the
previous sentence, HRN may by written notice to the Warrantholder and
Travelocity waive the applicability of the $40 Million Minimum in which case (i)
the portions of the Warrant specified in such notice shall be deemed to be
earned irrevocably; (ii) the Exercisability Date for such portion shall be
accelerated to the date three business days after such notice is sent; and (iii)
such portions shall remain exercisable until the earlier of (x) the second
anniversary of such accelerated Exercisability Date and (y) the fourth
anniversary of the Effective Date.

                  1.7 Under the terms of the Affiliation Agreement: HRN has
agreed to comply with the performance standards (the "Performance Standards")
set forth in ANNEX A.3/ In the event HRN has not complied in any material
respect with a Performance Standard with respect to which it has received notice
of noncompliance from Travelocity under the Affiliation Agreement at the end of
the notice and cure period under the Affiliation Agreement, then upon written
notice to HRN, Travelocity may terminate the Exclusivity (as defined in Section
2.1), and upon such termination, notwithstanding Section 1.6, the Exercisability
Date with respect to the entire portion of this Warrant previously earned by the
Warrantholder shall be accelerated to the date of such termination (such portion
of this Warrant remaining exercisable until the earlier

----------
3/ This Annex will be the same as Exhibit B to the Affiliation Agreement.

<PAGE>
                                                                               5

of (x) the second anniversary of such accelerated Exercisability Date and (y)
the fourth anniversary of the Effective Date) without any further performance
requirements or conditions. If Travelocity determines, in its reasonable
discretion, that a failure by HRN to meet a Performance Standard may have a
material adverse effect upon the operation, functionality or user experience of
the Travelocity Network, or any portion thereof, Travelocity may decrease or
cease the promotion of the HRN Hotel Product until the deficiency has been
corrected.

                  1.8   (a) Under Section 3.1 of the Affiliation Agreement,
Travelocity has agreed to integrate the HRN hotel properties into the
Travelocity Network module that is primarily designed for booking hotels,
currently "Find/Reserve Hotel" ("Integration") no later than the date that a
full integration of Previewtravel.com and Travelocity.com is completed.

                        (b) Under the Affiliation Agreement, in addition to
the notice and termination provisions described in Section 1.7 hereof (which
govern breaches by HRN of Performance Standards), either HRN or Travelocity may
terminate the Affiliation Agreement upon a material breach thereof by the other
party that remains uncured by the breaching party 30 days after written notice
of such breach. Under the Affiliation Agreement, Travelocity also has the right
to terminate the Affiliation Agreement within 90 days after the first
anniversary of Integration if HRN does not account for at least 10% of
Travelocity's hotel bookings during the period from the date of Integration
until the first anniversary thereof; PROVIDED however, that Travelocity shall
lose such right if it has been in material breach of section 3 (which pertains
to, among other things, Integration and Travelocity's positioning and promotion
of the HRN Hotel Product) or section 6 (which pertains to Exclusivity) of the
Affiliation Agreement, for one or more periods of time since the date of
Integration whose aggregate length is more than 30 days after written notice is
given by HRN of each such breach. In the case of a termination described in this
Section 1.8(b), the Exercisability Date for that portion of this Warrant which
was previously earned shall be accelerated to the date of such termination (and
shall be exercisable for one year thereafter) without any further performance
requirements or conditions after the date of such termination.

            2. EXCLUSIVITY.

                  2.1 Under the Affiliation Agreement, Travelocity has agreed,
with certain exceptions, not to display on the Travelocity Network any
consolidator hotel offering with respect to any HRN City of any competitor of
HRN listed in an exhibit to the Affiliation Agreement (such restriction being
referred to herein as "Third Party Exclusivity"). Travelocity has also agreed,
with certain exceptions, not to display in the Travelocity Network any wholesale
hotel rates arranged by the

<PAGE>
                                                                               6

Travelocity.com division or its subsidiaries with respect to any HRN City (such
restriction being referred to herein as "Travelocity Exclusivity"). The original
HRN Cities are identified in the Affiliation Agreement, and cities may be added
or deleted based on meeting a target number of HRN hotels and a target
percentage of bookings as specified in the Affiliation Agreement. Travelocity
Exclusivity and Third Party Exclusivity are referred to together herein as
"Exclusivity."

                  2.2 Under the terms of the Affiliation Agreement, Travelocity
Exclusivity will terminate and be of no further force and effect if:

                        (a) on the date 18 months after the Effective Date,
the cumulative number of Warrant Shares earned to date pursuant to this Warrant
is less than 0.4333 x the total number of Warrant Shares;

                        (b) on the date 24 months after the Effective Date,
the cumulative number of Warrant Shares earned to date pursuant to this Warrant
is less than 0.6667 x the total number of Warrant Shares; or

                        (c) on the date 30 months after the Effective Date,
the cumulative number of Warrant Shares earned to date pursuant to this Warrant
is less than 0.7778 x the total number of Warrant Shares, in which case the
Third Party Exclusivity will also terminate at such time.

                  2.3 Notwithstanding that the performance targets described in
Section 1.1 shall not have been met, HRN in its sole discretion may waive in
writing such requirements in full or in part so that all or any part of this
Warrant that otherwise would not vest does (notwithstanding Section 1.6) vest,
in order to avoid the termination of Travelocity Exclusivity pursuant to Section
2.2 or Third Party Exclusivity pursuant to Section 2.2(c) (in which case the
Exercisability Date for the portion of this Warrant that vests as a result of
the waiver shall be accelerated to the date of such waiver, and such portion
shall be exercisable until the earlier of (x) the second anniversary of such
accelerated Exercisability Date and (y) the fourth anniversary of the Effective
Date).

                  2.4 Notwithstanding the waivers described in Section 2.3,
under the terms of the Affiliation Agreement, Travelocity has the right to
terminate the Travelocity Exclusivity at any time after the date 18 months after
the Effective Date; PROVIDED, however, that Travelocity may not exercise such
right during the six month period following the exercise by the Warrantholder of
any portion of this Warrant made exercisable pursuant to a waiver under Section
1.6 or 2.3. If Travelocity exercises such right to terminate the Travelocity
Exclusivity as described in this Section

<PAGE>
                                                                               7

2.4, all portions of this Warrant that are already exercisable at such time
shall remain exercisable, and no portion of this Warrant that is not already
exercisable at such time shall be deemed earned.

            3. EXERCISE OF WARRANT.

                  3.1 EXERCISE OF WARRANT. To the extent earned in accordance
with Section 1, this Warrant may be exercised, in whole or in part, at any time
or from time to time following the Exercisability Date but prior to the
Expiration Date, by surrendering to HRN at its principal office this Warrant,
with an Exercise Form (as defined herein) duly executed by the Warrantholder and
accompanied by payment of the Exercise Price for the number of shares of Class A
Common Stock specified in such Exercise Form.

                  3.2 CASHLESS EXERCISE. In lieu of the payment of the Exercise
Price, the Warrantholder shall have the right (but not the obligation) to
require HRN to convert this Warrant, in whole or in part, into shares of Class A
Common Stock (the "Conversion Right") as provided for in this Section 3.2. Upon
exercise of the Conversion Right, HRN shall deliver to the Warrantholder
(without payment by the Warrantholder of any of the Exercise Price) that number
of shares of Class A Common Stock equal to the quotient obtained by dividing (x)
the value of the Warrant at the time the Conversion Right is exercised
(determined by subtracting the aggregate Exercise Price in effect immediately
prior to the exercise of the Conversion Right from the aggregate Current Market
Price (as defined herein) of the shares of Class A Common Stock issuable upon
exercise of the Warrant immediately prior to the exercise of the Conversion
Right) by (y) the Current Market Price of one share of Class A Common Stock
immediately prior to the exercise of the Conversion Right. The Conversion Right
may be exercised at any time or from time to time by surrendering to HRN at its
principal office this Warrant, with an Exercise Form duly executed by the
Warrantholder and indicating that the Warrantholder wishes to exercise the
Conversion Right and specifying the total number of shares of Class A Common
Stock that the Warrantholder will be issued pursuant to such Conversion Right.

                  3.3 DELIVERY OF WARRANT SHARES; EFFECTIVENESS OF EXERCISE.

                        (a) DELIVERY OF WARRANT SHARES. A stock certificate
or certificates for the Warrant Shares specified in the Exercise Form along with
a check for the amount of cash to be paid in lieu of fractional shares, if any,
shall be delivered to the Warrantholder within three Business Days after the
Exercise Date (as defined herein). If this Warrant shall have been exercised
only in part, HRN shall, at the time of delivery of the stock certificate or
certificates and cash in lieu of fractional shares, if any, deliver to the
Warrantholder a new Warrant evidencing the rights to purchase the

<PAGE>
                                                                               8

remaining Warrant Shares, which new Warrant shall in all other respects be
identical with this Warrant.

                        (b) EFFECTIVENESS OF EXERCISE. The exercise of this
Warrant shall be deemed to have been effective immediately prior to the close of
business on the Business Day on which this Warrant is exercised in accordance
with Section 3.1 (the "Exercise Date"). The Person in whose name any certificate
for shares of Class A Common Stock shall be issuable upon such exercise shall be
deemed to be the record holder of such shares of Class A Common Stock for all
purposes on the Exercise Date.

                        (c) LIMITATIONS ON EXERCISE. Notwithstanding anything to
the contrary herein, this Warrant may be exercised only upon the delivery to HRN
of any certificates, legal opinions, or other documents reasonably requested by
HRN to satisfy HRN that the proposed exercise of this Warrant may be effected
without registration under the Securities Act. The Warrantholder shall not be
entitled to exercise this Warrant, or any part thereof, unless and until such
certificates, legal opinions or other documents are reasonably acceptable to
HRN.

                  3.4 PAYMENT OF TAXES. The issuance of certificates for Warrant
Shares shall be made without charge to the Warrantholder for any stock transfer
or other issuance tax in respect thereof; PROVIDED, HOWEVER, that the
Warrantholder shall be required to pay any and all taxes that may be payable in
respect of any transfer involved in the issuance and delivery of any certificate
in a name other than that of the then Warrantholder as reflected upon the books
of HRN.

            4. RESTRICTIVE LEGENDS.

                  4.1 WARRANTS. Except as otherwise permitted by this Section 4,
each Warrant (and each Warrant issued in substitution for any Warrant pursuant
to Section 8) shall be stamped or otherwise imprinted with a legend in
substantially the following form:

            (A) NEITHER THIS WARRANT NOR ANY SECURITIES ACQUIRED UPON THE
      EXERCISE OF THIS WARRANT (THE "SECURITIES") HAVE BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
      SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE
      OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT
      PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT
      AND APPLICABLE STATE SECURITIES LAWS OR AN AVAILABLE

<PAGE>
                                                                               9

      EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS.

            (B) THIS WARRANT IS ALSO SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER
      AS SET FORTH HEREIN.

                  4.2 WARRANT SHARES. Except as otherwise permitted by this
Section 4, each stock certificate for Warrant Shares issued upon the exercise of
any Warrant and each stock certificate issued upon the direct or indirect
transfer of any such Warrant Shares shall be stamped or otherwise imprinted with
a legend in substantially the following form:

            THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
      SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE
      OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DIS POSED OF EXCEPT
      PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT
      AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION
      UNDER SUCH ACT AND SUCH LAWS.

                  4.3 REMOVAL OF LEGENDS. Notwithstanding the foregoing, the
Warrantholder may require HRN to issue a Warrant or a stock certificate for
Warrant Shares, in each case without a legend required under Section 4.1(A) or
4.2, as applicable, if either (i) such Warrant or such Warrant Shares, as the
case may be, have been registered for resale under the Securities Act or (ii)
the Warrantholder has delivered to HRN an opinion of legal counsel (from a firm
reasonably satisfactory to HRN) which opinion shall be addressed to HRN and be
reasonably satisfactory in form and substance to HRN's counsel, to the effect
that such registration is not required with respect to such Warrant or such
Warrant Shares, as the case may be.

            5. RESERVATION OF SHARES, ETC.

            HRN covenants and agrees as follows:

                  5.1 All Warrant Shares that are issued upon the exercise of
this Warrant will, upon issuance, be validly issued, fully paid and
nonassessable, not subject to any preemptive rights, and free from all taxes,
liens, security interests, charges, and other encumbrances with respect to the
issuance thereof, other than taxes in respect of any transfer occurring
contemporaneously with such issue and the restrictions on transfer contained in
this Warrant.

<PAGE>
                                                                              10

                  5.2 During the period within which this Warrant may be
exercised, HRN will at all times have authorized and reserved, and keep
available free from preemptive rights a sufficient number of shares of Class A
Common Stock to provide for the exercise of the rights represented by this
Warrant.

                  5.3 HRN will, from time to time, take all such action as may
be required to assure that the par value per share of the Warrant Shares is at
all times equal to or less than the then effective Exercise Price.

            6. LOSS OR DESTRUCTION OF WARRANT.

            Subject to the terms and conditions hereof, upon receipt by HRN of
evidence reasonably satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant and, in the case of loss, theft or destruction, of
such bond or indemnification as HRN may reasonably require, and, in the case of
mutilation, upon surrender and cancellation of this Warrant, HRN will execute
and deliver a new Warrant of like tenor.

            7. OWNERSHIP OF WARRANT.

            HRN may deem and treat the Person in whose name this Warrant is
registered as the holder and owner hereof (notwithstanding any notations of
ownership or writing hereon made by anyone other than HRN) for all purposes and
shall not be affected by any notice to the contrary, until presentation of this
Warrant for registra tion of transfer.

            8. CERTAIN ADJUSTMENTS.

                  8.1 The number of Warrant Shares purchasable upon the exercise
of this Warrant and the Exercise Price shall be subject to adjustment as
follows:

                        (a) STOCK DIVIDENDS, SUBDIVISION, COMBINATION OR
RECLASSIFICATION OF CLASS A COMMON STOCK. If at any time after the date of the
issuance of this Warrant HRN shall (i) declare a stock dividend on the Class A
Common Stock payable in shares of its capital stock (including Class A Common
Stock), (ii) increase the number of shares of Class A Common Stock outstanding
by a subdivision or split-up of shares of Class A Common Stock, (iii) decrease
the number of shares of Class A Common Stock outstanding by a combination of
shares of Class A Common Stock or (iv) issue any shares of its capital stock in
a reclassification of the Class A Common Stock, then, on the record date for
such dividend or the effective date of such subdivision or split-up, combination
or reclassification, as the case may be, the number

<PAGE>
                                       11

and kind of shares to be delivered upon exercise of this Warrant will be
adjusted so that the Warrantholder will be entitled to receive the number and
kind of shares of capital stock that such Warrantholder would have owned or been
entitled to receive upon or by reason of such event had this Warrant been
exercised immediately prior thereto, and the Exercise Price will be adjusted as
provided below in paragraph (g).

                        (b) REORGANIZATION, ETC. If at any time after the date
of issuance of this Warrant any consolidation of HRN with or merger of HRN with
or into any other Person (other than a merger or consolidation in which HRN is
the surviving or continuing corporation and which does not result in any
reclassification of, or change in the Class A Common Stock) or any sale, lease
or other transfer of all or substantially all of the assets of HRN to any other
Person (each a "Reorganization Event"), shall be effected in such a way that the
holders of Class A Common Stock shall be entitled to receive stock, other
securities or assets (whether such stock, other securities or assets are issued
or distributed by HRN or another Person) with respect to or in exchange for
Class A Common Stock, then, with respect to any unexercised Warrant, the Board
of Directors of HRN or any surviving or acquiring corporation or entity (the
"Relevant Entity") shall take such action as is equitable and appropriate to
substitute a new warrant for such Warrant or to assume such Warrant in order to
make such new or assumed warrant as nearly as may be practicable, equivalent to
the old Warrant (the "Reorganization Action"). Notwithstanding the foregoing, in
lieu of taking any such action, the Relevant Entity may pay to the Warrantholder
the Value of the Warrant (as defined below) in cancellation of the Warrant. The
"Value of the Warrant" shall be the value of the consideration received less the
Exercise Price as determined in good faith by HRN's Board of Directors. The
Value of the Warrant shall be payable either, at the election of the Relevant
Entity, in cash or in the form of consideration paid to holders of shares of
Class A Common Stock pursuant to the Reorganization Event.

                        (c) EXTRAORDINARY DISTRIBUTIONS. If at any time after
the date of issuance of this Warrant HRN shall distribute to all holders of its
Class A Common Stock (including any such distribution made in connection with a
consolidation or merger in which HRN is the continuing or surviving corporation
and the Class A Common Stock is not changed or exchanged) cash, evidences of
indebtedness, securities or other assets (excluding (i) ordinary course
quarterly cash dividends and (ii) dividends payable in shares of capital stock
for which adjustment is made under Section 8.1(a)) or rights, options or
warrants to subscribe for or purchase securities of HRN, then the number of
shares of Class A Common Stock to be delivered to such Warrantholder upon
exercise of this Warrant shall be increased so that the Warrantholder thereafter
shall be entitled to receive the number of shares of Class A Common Stock
determined by multiplying the number of shares such Warrantholder would have
been entitled to receive immediately before such record date by a fraction, the
denominator of which shall be the Current Market Price per share of Class A
Common Stock on such record

<PAGE>
                                                                              12

date minus the then fair market value (as reasonably determined by the Board of
Directors of HRN in good faith) of the portion of the cash, evidences of
indebtedness, securities or other assets so distributed or of such rights or
warrants applicable to one share of Class A Common Stock (provided that such
denominator shall in no event be less than $.01 and the numerator of which shall
be the Current Market Price per share of the Class A Common Stock, and the
Exercise Price shall be adjusted as provided below in paragraph (g).

                        (d) PRO RATA REPURCHASES. If at any time after the date
of issuance of this Warrant, HRN or any subsidiary thereof shall make a Pro Rata
Repurchase, then the number of shares of Class A Common Stock to be delivered to
such Warrantholder upon exercise of this Warrant shall be increased so that the
Warrantholder thereafter shall be entitled to receive the number of shares of
Class A Common Stock determined by multiplying the number of shares of Class A
Common Stock such Warrantholder would have been entitled to receive immediately
before such Pro Rata Repurchase by a fraction (which in no event shall be less
than one) the denominator of which shall be (i) the product of (x) the number of
shares of Class A Common Stock outstanding immediately before such Pro Rata
Repurchase and (y) the Current Market Price of the Class A Common Stock as of
the day immediately preceding the first public announcement by HRN of the intent
to effect such Pro Rata Repurchase minus (ii) the aggregate purchase price of
the Pro Rata Repurchase (provided that such denominator shall never be less than
$.01, and the numerator of which shall be the product of (i) the number of
shares of Class A Common Stock outstanding immediately before such Pro Rata
Repurchase minus the number of shares of Class A Common Stock repurchased in
such Pro Rata Repurchase and (ii) the Current Market Price of the Class A Common
Stock as of the day immediately preceding the first public announcement by HRN
of the intent to effect such Pro Rata Repurchase.

                        (e) FRACTIONAL SHARES. No fractional shares of Class A
Common Stock or scrip shall be issued to any Warrantholder in connection with
the exercise of this Warrant. Instead of any fractional shares of Class A Common
Stock that would otherwise be issuable to such Warrantholder, HRN will pay to
such Warrantholder a cash adjustment in respect of such fractional interest in
an amount equal to that fractional interest of the then Current Market Price per
share of Class A Common Stock.

                        (f) CARRYOVER. Notwithstanding any other provision of
this Section 8.1, no adjustment shall be made to the number of shares of Class A
Common Stock to be delivered to the Warrantholder (or to the Exercise Price) if
such adjustment represents less than 1% of the number of shares to be so
delivered, but any lesser adjustment shall be carried forward and shall be made
at the time and together

<PAGE>
                                                                              13

with the next subsequent adjustment that together with any adjustments so
carried forward shall amount to 1% or more of the number of shares to be so
delivered.

                        (g) EXERCISE PRICE ADJUSTMENT. Whenever the number
of Warrant Shares purchasable upon the exercise of the Warrant is adjusted as
provided pursuant to this Section 8.1, the Exercise Price per share payable upon
the exercise of this Warrant shall be adjusted by multiplying such Exercise
Price immediately prior to such adjustment by a fraction, of which the numerator
shall be the number of Warrant Shares purchasable upon the exercise of the
Warrant immediately prior to such adjustment, and of which the denominator shall
be the number of Warrant Shares purchasable immediately thereafter; PROVIDED,
HOWEVER, that the Exercise Price for each Warrant Share shall in no event be
less than the par value of such Warrant Share.

                        (h) MULTIPLE ADJUSTMENTS. If any action or transaction
would require adjustment of the number of shares of Class A Common Stock to be
delivered to the Warrantholder upon exercise of this Warrant pursuant to more
than one paragraph of this Section 8.1, only one adjustment shall be made and
each such adjustment shall be the amount of adjustment that has the highest
absolute value.

                  8.2 NOTICE OF ADJUSTMENT. Whenever the number of Warrant
Shares or the Exercise Price of such Warrant Shares is adjusted, as herein
provided, HRN shall promptly mail by overnight courier or by first class mail,
postage prepaid, to the Warrantholder, notice of such adjustment or adjustments
setting forth the number of Warrant Shares and the Exercise Price of such
Warrant Shares after such adjustment, setting forth a brief statement of the
facts requiring such adjustment and setting forth the computation by which such
adjustment was made.

                  8.3 NOTICES OF CORPORATE ACTION. So long as this Warrant has
not been exercised in full, in the event of:

                        (a) any action that would trigger an adjustment to the
number of shares of Class A Common Stock to be delivered to the Warrantholder
upon exercise of this Warrant,

                        (b) any consolidation or merger involving HRN and
any other party or any transfer of all or substantially all the assets of HRN to
any other party, or

                        (c) any voluntary or involuntary dissolution,
liquidation or winding-up of HRN,

<PAGE>
                                                                              14

HRN will deliver, by overnight courier or by first class mail, postage prepaid,
to the Warrantholder a notice specifying (i) the date or expected date on which
any such record is to be taken for the purpose of a dividend, distribution or
right and the amount and character of any such dividend, distribution or right
and (ii) the date or expected date on which a reorganization, reclassification,
recapitalization, consolidation, merger, transfer, dissolution, liquidation or
winding-up is to take place and the time, if any such time is to be fixed, as of
which the holders of record of Class A Common Stock (or other securities) shall
be entitled to exchange their shares of Class A Common Stock (or other
securities) for the securities or other property deliverable upon such
reorganization, reclassification, recapitalization, consolidation, merger,
transfer, dissolution, liquidation or winding-up. Such notice shall be delivered
at least 20 days prior to the date therein specified in the case of any date
referred to in the foregoing subdivisions (i) and (ii).

                  8.4 EFFECT OF FAILURE TO NOTIFY. Failure to file any
certificate or notice or to mail any notice, or any defect in any certificate or
notice, pursuant to Section 8.3 shall not affect the legality or validity of the
adjustment to the Exercise Price, the number of shares purchasable upon exercise
of this Warrant, or any transaction giving rise thereto.

            9. AMENDMENTS. Any provision of this Warrant may be amended and the
observance thereof waived only with the written consent of HRN and the
Warrantholder.

            10. EXPIRATION OF THE WARRANT. The obligations of HRN pursuant to
this Warrant shall terminate on the Expiration Date.

            11. DEFINITIONS.

            As used herein, unless the context otherwise requires, the following
terms have the following meanings:

            "BUSINESS DAY" means any day other than a Saturday, Sunday or a day
on which national banks are authorized by law or executive order to close in the
State of Texas or New York.

            "CLOSING PRICE" of the Class A Common Stock as of any day, means (a)
the average of the closing bid and asked prices, in either case as reported on
the principal national securities exchange on which the Class A Common Stock is
listed or admitted to trading or (b) if the Class A Common Stock is not listed
or admitted to trading on any national securities exchange, the average of the
highest reported bid and lowest reported asked quotation for the Class A Common
Stock, in either case reported

<PAGE>
                                                                              15

on the National Association of Securities Dealers, Inc. Automated Quotation
System ("NASDAQ"), or a similar service if NASDAQ is no longer reporting such
information.

            "CLASS A COMMON STOCK" has the meaning specified on the cover of
this Warrant.

            "HRN" has the meaning specified on the cover of this Warrant.

            "CURRENT MARKET PRICE" means, with respect to each share of Class A
Common Stock as of any date, the average of the daily Closing Prices per share
of Class A Common Stock for the 10 consecutive trading days prior to such date;
provided that if on any such date the shares of Class A Common Stock are not
listed or admitted for trading on any national securities exchange or quoted by
NASDAQ or a similar service, the Current Market Price for a share of Class A
Common Stock shall be the fair market value of such share as determined in good
faith by the Board of Directors of HRN or, if requested by the Warrantholder, an
Independent Financial Expert selected jointly by the Board of Directors and such
Warrantholder. If HRN and the Warrantholder are unable to agree upon an
Independent Financial Expert within 15 days after the request by the
Warrantholder, each of HRN and the Warrantholder shall select an Independent
Financial Expert within 5 days following the expiration of such 15-day period
and these two Independent Financial Experts shall select a third Independent
Financial Expert and the determination of the fair market value of a share of
Class A Common Stock by such third Independent Financial Expert shall be final
and binding on HRN and the Warrantholder. If either HRN or the Warrantholder
shall fail to select an Independent Financial Expert within such 5-day period,
then the fair market value of a share of Class A Common Stock shall be
determined by the Independent Financial Expert selected by the other party. The
fees and expenses of any of the Independent Financial Experts retained in
accordance with the foregoing shall be borne by HRN.

            "EXERCISE FORM" means an Exercise Form in the form annexed hereto as
Exhibit A.

            "EXERCISE PRICE" has the meaning specified on the cover of this
Warrant.

            "EXPIRATION DATE" has the meaning specified on the cover of this
Warrant.

            "INDEPENDENT FINANCIAL EXPERT" means an independent nationally
recognized investment banking firm.

            "PERSON" means any individual, corporation, partnership, joint
venture, association, trust, limited liability company or other entity.

<PAGE>
                                                                              16

            "PRO RATA REPURCHASE" means any purchase of shares of Class A Common
Stock by HRN or by any of its subsidiaries whether for cash, shares of capital
stock of HRN, other securities of HRN, evidences of indebtedness of HRN or any
other Person or any other property (including, without limitation, shares of
capital stock, other securities or evidences of indebtedness of a subsidiary of
HRN), or any combination thereof, which purchase is subject to Section 13(e) of
the Securities Exchange Act of 1934, as amended, or is made pursuant to an offer
made available to all holders of Class A Common Stock.

            "SECURITIES ACT" has the meaning specified on the cover of this
Warrant.

            "WARRANTHOLDER" has the meaning specified on the cover of this
Warrant.

            "WARRANT SHARES" has the meaning specified on the cover of this
Warrant.

            12. MISCELLANEOUS.

                  12.1 ENTIRE AGREEMENT. This Warrant together with the Letter
Agreement and constitute the entire agreement between HRN and the Warrantholder
with respect to the Warrants.

                  12.2 BINDING EFFECT; BENEFITS. This Warrant shall inure to the
benefit of and shall be binding upon HRN and the Warrantholder and their
respective successors and assigns. Nothing in this Warrant, expressed or
implied, is intended to or shall confer on any Person other than HRN and the
Warrantholder, or their respective successors or assigns, any rights, remedies,
obligations or liabilities under or by reason of this Warrant.

                  12.3 TRANSFER; ASSIGNMENT. The Warrantholder may not sell,
assign, transfer, gift, exchange or otherwise dispose of, or grant a lien,
encumbrance, pledge or other security interest in (each a "Transfer") this
Warrant, except that after the first anniversary of the date hereof the
Warrantholder may Transfer this Warrant to an affiliate of the Warrantholder.

                  12.4 SECTION AND OTHER HEADINGS. The section and other
headings contained in this Warrant are for reference purposes only and shall not
be deemed to be a part of this Warrant or to affect the meaning or
interpretation of this Warrant.

                  12.5 NOTICES. All notices and other communications required or
permitted hereunder shall be in writing and shall be delivered personally,
telecopied or sent by certified, registered or express mail, postage prepaid.
Any such notice shall be

<PAGE>
                                       17

deemed given when so delivered personally, telecopied or sent by certified,
registered or express mail, as follows:

                        (a)   if to HRN, addressed to:

                              Hotel Reservations Network
                              8140 Walnut Hill Lane
                              Suite 203
                              Dallas, TX 75231
                              Attention: Robert Diener
                              Telecopy:  (305) 892-4443

                        (b)   if to the Warrantholder, addressed to:

                              Travelocity.com LP
                              [address]
                              Attention:

                              With a copy to:

                              Sabre Inc., Travelocity.com division
                              [address]
                              Attention:

Any party may by notice given in accordance with this Section 11.5 designate
another address or person for receipt of notices hereunder.

                  12.6 SEVERABILITY. Any term or provision of this Warrant which
is invalid or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such invalidity or unenforceability without
rendering invalid or unenforceable the terms and provisions of this Warrant or
affecting the validity or enforceability of any of the terms or provisions of
this Warrant in any other jurisdiction.

                  12.7 REFERENCES TO PORTIONS OF THIS AGREEMENT. The Annexes and
Schedules are a part of this Agreement as if fully set forth herein. All
references herein to Sections, paragraphs, Annexes and Schedules shall be deemed
references to such parts of this Agreement, unless the context shall otherwise
require.

                  12.8 GOVERNING LAW. This Warrant shall be deemed to be a
contract made under the laws of the State of Delaware and for all purposes shall
be governed by and construed in accordance with the laws of such State
applicable to such agreements made and to be performed entirely within such
State.

<PAGE>
                                                                              18

                  12.9 CERTAIN REMEDIES. The Warrantholder shall be entitled to
an injunction or injunctions to prevent breaches of the provisions of this
Warrant and to enforce specifically the terms and provisions of this Warrant in
any court of the United States or any court of any state having jurisdiction,
this being in addition to any other remedy to which the Warrantholder may be
entitled at law or in equity.

                  12.10 NO RIGHTS OR LIABILITIES AS STOCKHOLDER. Nothing
contained in this Warrant shall be deemed to confer upon the Warrantholder any
rights as a stockholder of HRN or as imposing any liabilities on the
Warrantholder to purchase any securities whether such liabilities are asserted
by HRN or by creditors or stockholders of HRN or otherwise.

                  12.11 FURTHER ASSURANCES. Each of HRN and the Warrantholder
shall do and perform all such further acts and things and execute and deliver
all such certificates, instruments and documents as HRN or the Warrantholder
may, at any time and from time to time, reasonably request in connection with
the performance of any of the provisions of this Agreement.

            IN WITNESS WHEREOF, HRN has caused this Warrant to be signed by its
duly authorized officer.

                                   HOTEL RESERVATIONS NETWORK

                                   By:___________________________________
                                      Robert Diener
                                      President

Dated: [      ]

<PAGE>
                                                                              19

                                                                       EXHIBIT A

                                  EXERCISE FORM

                 (To be executed upon exercise of this Warrant)

            The undersigned hereby irrevocably elects to exercise the right,
represented by this Warrant, to purchase __________ of the Warrant Shares and
herewith tenders payment for such Warrant Shares to the order of Hotel
Reservations Network in the amount of $__________ in accordance with the terms
of this Warrant. The undersigned requests that a certificate for such Warrant
Shares be registered in the name of the undersigned and that such certificates
be delivered to the undersigned's address below.

Dated:__________________________

                           Signature____________________________

                                    ----------------------------
                                            (Print Name)

                                    ----------------------------
                                          (Street Address)

                                    ----------------------------
                                    (City)   (State)  (Zip Code)

<PAGE>
                                                                              20

                                                                         ANNEX A

                              PERFORMANCE STANDARDS

1.    INTRODUCTION

This Annex A describes certain services, functions and responsibilities of HRN
(the "Services"). HRN shall be fully responsible for all services (including,
without limitation, for equipment and software) from the Electronic Data
Interface to the HRN online host systems (such area shall be known as the "HRN
Responsibility Area"). Included in such responsibilities, HRN shall operate and
maintain the host systems, and manage and operate the equipment, software and
any other resources within the HRN Responsibility Area. HRN shall also be fully
responsible for providing support and back-end services in connection with HRN
hotel reservations support and processing, including, without limitation, call
center operation and management services and other general support functions.

HRN anticipates that it will improve and expand the HRN Hotel Product over the
Term based on HRN's knowledge of and access to state-of-the-art resources and
technology, implementation of improved methods and procedures for providing the
HRN Hotel Product, and efficiencies arising from HRN's provision of the HRN
Hotel Product.

2.    MANAGEMENT AND OPERATION SERVICES

2.1 Management and Operation of the Equipment. HRN will assume full management
and operational responsibility for the HRN Online System and HRN Electronic Data
Interface. Such responsibilities include, at a minimum, acquiring, installing,
upgrading, managing, maintaining, repairing and replacing all software, hardware
and telecommunications in order to provide the Services.

HRN shall assume full management and operational responsibility for host
processor(s) functions and services within the HRN Responsibility Area. HRN's
responsibilities during the term of the Agreement will include, without
limitation: console monitoring and operations; tape and storage management; and
all technical system support operations. HRN will maintain proper and adequate
facilities, equipment and supplies, and a properly trained and adequately
staffed operations center, including necessary management and support staff. The
normal hours of operation of the operations center will be 24 hours per day, 7
days per week (subject to regularly scheduled maintenance (currently occurring
between 2:30 a.m. and 3:30 a.m. Central time Monday through Saturday and 12:01
a.m. through 6 a.m. Central time Sunday) and events beyond HRN's control).

<PAGE>
                                                                              21

HRN will assume full management and operational responsibility for network
functions and services within the HRN Responsibility Area. HRN's
responsibilities will include, without limitation, acquiring, installing,
upgrading, managing, maintaining, repairing and replacing all equipment,
software, lines and cabling, as required to perform the network services as the
network may change during the Term. HRN shall implement measures necessary to
ensure confidentiality and protect against unauthorized access and fraudulent
use.

2.2 Software Management and Maintenance. HRN will assume full management and
operational responsibility for the software within the HRN Responsibility Area,
i.e., the "Online Systems". Such responsibilities include, without limitation,
acquiring, installing, upgrading, managing, maintaining, repairing and replacing
all software in order to provide the Services. Software management and
maintenance will include, without limitation, the following:

Corrective maintenance, including correction of systems defects in accordance
with applicable specifications;

Preventative maintenance, including prevention of systems problems by, where
appropriate, improving systems documentation, source code restructuring to the
extent the code is accessible, database/index reorganization, system
re-engineering, tool construction and rewriting un-maintainable modules.

Upgrading the Back-End Systems: (i) so that the Online Systems are always kept
current, (ii) pursuant to HRN's normal maintenance practices, (ii) in a manner
that ensures continued eligibility for support and maintenance by any
third-party for such Software.

Tuning of systems to improve operational performance and minimize resource usage
to the extent practicable;

Optimizing the functionality and features provided by the Electronic Data
Interface for integration into Travelocity's online reservation system. Prior to
releasing material, new functionality or features through the HRN Electronic
Data Interface ("New Functionality"), HRN will use commercially reasonable
efforts to test the New Functionality to confirm its compatibility with
Travelocity's online reservation system;

Development and maintenance of current documentation for the Back-End Systems,
including changes to reflect any modifications to the Back-End Systems; and

Implementation of any regulatory requirements.

<PAGE>
                                                                              22

2.3 Other Management and Operational Responsibilities. HRN shall be responsible
for other management and operation services related to the HRN Responsibility
Area, including, without limitation, the following:

Monitoring. HRN will ensure that the performance and availability of the HRN
Internet Site is monitored on a continuous (24 X 7) basis (subject to events
outside HRN's control) and shall provide Travelocity with a technical support
plan for 24 x 7 technical support acceptable to Travelocity. HRN will provide
Travelocity with contact information (including e-mail, phone, pager and fax
information, as applicable, for both during and after business hours) for HRN's
principal business and technical representatives, for use in cases when issues
or problems arise with respect to the HRN Internet Site. HRN will notify
Travelocity operational staff of material technical problems, and will provide
timely status reports.

HRN agrees to use commercially reasonable efforts to address material technical
problems (over which HRN exercises control) affecting use by the Travelocity
Network of the HRN Electronic Data Interface or affecting use of the offline
Travelocity toll-free telephone number(s) (an "HRN Technical Problem") promptly
following notice thereof. In the event that HRN is unable to promptly resolve an
HRN Technical Problem following notice thereof from Travelocity (including,
without limitation, infrastructure deficiencies producing user delays),
Travelocity will have the right to regulate the promotions it provides to HRN
hereunder until such time as HRN corrects the HRN Technical Problem at issue.

Disaster Recovery. HRN will assume management and operational responsibility, as
applicable, for the provision of disaster recovery services in a manner at least
consistent with industry standards. Such services include the management and
interface with third party disaster recovery service providers, and the
development, management and, as applicable, operation of a disaster recovery
plan.

Security Management. HRN will manage and monitor access to computer system
resources, including system level accounts, groups, users and passwords and will
maintain the security software. Travelocity shall have the right to perform a
and end-to-end security audit of the HRN Responsibility Area at Travelocity's
sole option and expense.

3.    SUPPORT AND BACK-END SERVICES

3.1 Call Center Services. HRN shall be responsible for the management of a call
center to answer inquiries from users of the Online Reservation System related
to information and reservations on all HRN hotel reservations. HRN shall manage
and operate the Call Center, providing the resources necessary to respond
promptly to inquiries and customer support related to hotel information and
reservations. All communications (including oral

<PAGE>
                                                                              23

communications) with Travelocity Users through the Call Center shall be made
under the Travelocity brand in a manner approved by Travelocity in advance.
Without limiting the generality of the foregoing, HRN's services shall include,
without limitation:

Supporting both toll free (800) voice service and online;

Providing hours of operation that will mirror periods of highest user activity
over all time zones, which, unless mutually agreed, at a minimum will be between
7:00 am to 11:00 p.m. Central Time;

Staffing the Call Center as necessary to meet or exceed customer demand for
customer support;

Acknowledging customer complaints within 48 hours of receipt (72 hours for
complaints received between 6 p.m. Friday evening and 6 p.m. Saturday evening)
of complaint and promptly making best efforts to resolve the same, within five
(5) business days after receipt, and in no case shall resolution occur later
than thirty (30) calendar days after receipt. HRN shall log all such complaints
and will note the date/time of the complaint, escalation (if any) and
resolution. HRN shall maintain files on all complaints and resolutions and shall
make such records available to Travelocity upon request.

In addition, HRN shall make commercially reasonable efforts to implement and
support any and all methods of customer communication being utilized by
Travelocity in its own customer service facilities. This may include, but is not
limited to, real-time assistance to users through instant messages and/or
interactive chat/conference functionality.

Responding to Travelocity requests for information on Call Center operations.
HRN understands that from time to time Travelocity shall make surprise test
calls to the Call Center in order to determine provision of Call Center
services. In the event that Travelocity discovers a problem with the services,
Travelocity shall notify HRN, and the Parties shall meet to discuss the problem.
HRN shall take the steps necessary to correct any problems.

4.    ADDITIONAL SERVICES

4.1 Fraud. HRN shall diligently monitor the HRN online system for fraud and
abuse and shall provide adequate staffing for maintenance of both the HRN online
system and HRN's Electronic Data Interface. In the event that fraudulent
activity associated with use of the HRN online system and/or HRN Electronic Data
Interface exceeds two times Travelocity's average occurrence of fraud for a
similar time frame across its credit card transaction activities through the
Travelocity Service (as measured by Travelocity) (the "Average Fraud Level"),
then the Parties shall make such modifications to any and all

<PAGE>
                                                                              24

applicable operations, systems, information flows related to fraud prevention
and billing as are necessary to reduce such fraudulent activity to no greater
than two times the Average Fraud Level. HRN shall also work with Travelocity in
developing policies (not otherwise addressed herein) that are designed to combat
any repeated customer service complaints and to prevent deceptive selling
practices.

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