Document:

EXHIBIT A

NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE
HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO
SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
COMPANY. THIS SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS
SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER
LOAN SECURED BY SUCH SECURITIES

Original Issue Date: January __, 2006
Original Conversion Price (subject to adjustment herein): $2.55

                                                             $_______________(1)

                        9% SECURED CONVERTIBLE DEBENTURE
                              DUE JANUARY __, 2009

      THIS SECURED CONVERTIBLE DEBENTURE is one of a series of duly authorized
and issued Secured Convertible Debentures of OneTravel Holdings, Inc., a
Delaware corporation, having a principal place of business at 5775 Peachtree
Dunwoody Road, Building G, Suite 300, Atlanta, GA 30346 (the "Company"),
designated as its 9% Secured Convertible Debenture, due January __, 2009 (this
debenture, the "Debenture" and collectively with the other such series of
debentures, the "Debentures").

      FOR VALUE RECEIVED, the Company promises to pay to ___________________ or
its registered assigns (the "Holder"), or shall have paid pursuant to the terms
hereunder, the principal sum of $_______________ by January __, 2009, or such
earlier date as this Debenture is required or permitted to be repaid as provided
hereunder (the "Maturity Date"), and to pay interest to the Holder on the
aggregate unconverted and then outstanding principal amount of this Debenture in
accordance with the provisions hereof. This Debenture is subject to the
following additional provisions:

--------------------------------
(1) 25% of the principal amount of the 9% Secured Convertible Debenture due
October 24, 2008 issued by the Company to the Holder on October 24, 2005.

                                       1
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      Section 1. Definitions. For the purposes hereof, in addition to the terms
defined elsewhere in this Debenture: (a) capitalized terms not otherwise defined
herein have the meanings given to such terms in the Purchase Agreement, and (b)
the following terms shall have the following meanings:

            "Alternate Consideration" shall have the meaning set forth in
      Section 5(d).

            "Base Conversion Price" shall have the meaning set forth in Section
      5(b).

            "Business Day" means any day except Saturday, Sunday and any day
      which shall be a federal legal holiday in the United States or a day on
      which banking institutions in the State of New York are authorized or
      required by law or other government action to close.

            "Buy-In" shall have the meaning set forth in Section 4(d)(v).

            "Change of Control Transaction" means the occurrence after the date
      hereof of any of (i) an acquisition after the date hereof by an individual
      or legal entity or "group" (as described in Rule 13d-5(b)(1) promulgated
      under the Exchange Act) of effective control (whether through legal or
      beneficial ownership of capital stock of the Company, by contract or
      otherwise) of in excess of 40% of the voting securities of the Company, or
      (ii) the Company merges into or consolidates with any other Person, or any
      Person merges into or consolidates with the Company and, after giving
      effect to such transaction, the stockholders of the Company immediately
      prior to such transaction own less than 60% of the aggregate voting power
      of the Company or the successor entity of such transaction, or (iii) the
      Company sells or transfers its assets, as an entirety or substantially as
      an entirety, to another Person and the stockholders of the Company
      immediately prior to such transaction own less than 60% of the aggregate
      voting power of the acquiring entity immediately after the transaction, or
      (iv) a replacement at one time or within a two year period of more than
      one-half of the members of the Company's board of directors which is not
      approved by a majority of those individuals who are members of the board
      of directors on the date hereof (or by those individuals who are serving
      as members of the board of directors on any date whose nomination to the
      board of directors was approved by a majority of the members of the board
      of directors who are members on the date hereof), or (v) the execution by
      the Company of an agreement to which the Company is a party or by which it
      is bound, providing for any of the events set forth above in (i) through
      (iv).

            "Common Stock" means the common stock, par value $0.04 per share, of
      the Company and stock of any other class of securities into which such
      securities may hereafter have been reclassified or changed into.

            "Conversion Date" shall have the meaning set forth in Section 4(a).

            "Conversion Price" shall have the meaning set forth in Section 4(b).

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            "Conversion Shares" means the shares of Common Stock issuable upon
      conversion of this Debenture or as payment of interest in accordance with
      the terms.

            "Debenture Register" shall have the meaning set forth in Section
      2(c).

            "Dilutive Issuance" shall have the meaning set forth in Section
      5(b).

            "Dilutive Issuance Notice" shall have the meaning set forth in
      Section 5(b).

            "Effectiveness Period" shall have the meaning given to such term in
      the Registration Rights Agreement.

            "Equity Conditions" shall mean, during the period in question, (i)
      the Company shall have duly honored or cured all conversions and
      redemptions scheduled to occur or occurring by virtue of one or more
      Notice of Conversions of the Holder, if any, (ii) all liquidated damages
      and other amounts owing to the Holder in respect of this Debenture shall
      have been paid, (iii) there is an effective Registration Statement
      pursuant to which the Holder is permitted to utilize the prospectus
      thereunder to resell all of the shares issuable pursuant to the
      Transaction Documents or the Conversion Shares are available for resale
      under Rule 144(k) (and the Company believes, in good faith, that such
      effectiveness or availability, as the case may be, will continue
      uninterrupted for the foreseeable future), (iv) the Common Stock is
      trading on the Trading Market and all of the shares issuable pursuant to
      the Transaction Documents are listed for trading on a Trading Market (and
      the Company believes, in good faith, that trading of the Common Stock on a
      Trading Market will continue uninterrupted for the foreseeable future),
      (v) there is a sufficient number of authorized but unissued and otherwise
      unreserved shares of Common Stock for the issuance of all of the shares
      issuable pursuant to the Transaction Documents, (vi) there is then
      existing no Event of Default, and (vii) the issuance of the shares in
      question to the Holder would not violate the limitations set forth in
      Section 4(c).

            "Event of Default" shall have the meaning set forth in Section 8.

            "Exchange Act" means the Securities Exchange Act of 1934, as
      amended, and the rules and regulations promulgated thereunder.

            "Fundamental Transaction" shall have the meaning set forth in
      Section 5(d).

            "Interest Conversion Rate" means 93% of the lesser of (a) the
      average of the 5 VWAPs immediately prior to the applicable Interest
      Payment Date or (b) the average of the 5 VWAPs immediately prior to the
      date the applicable interest payment shares are issued and delivered if
      after the Interest Payment Date.

            "Interest Conversion Shares" shall have the meaning set forth in
      Section 2(a).

            "Interest Notice Period" shall have the meaning set forth in Section
      2(a).

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            "Interest Payment Date" shall have the meaning set forth in Section
      2(a).

            "Interest Share Amount" shall have the meaning set forth in Section
      2(a).

            "Late Fees" shall have the meaning set forth in Section 2(d).

            "Mandatory Default Amount" shall equal the sum of (i) the greater
      of: (A) 100% of the principal amount of this Debenture to be prepaid, plus
      all accrued and unpaid interest thereon, or (B) the principal amount of
      this Debenture to be prepaid, plus all other accrued and unpaid interest
      hereon, divided by the Conversion Price on (x) the date the Mandatory
      Default Amount is demanded or otherwise due or (y) the date the Mandatory
      Default Amount is paid in full, whichever is less, multiplied by the VWAP
      on (x) the date the Mandatory Default Amount is demanded or otherwise due
      or (y) the date the Mandatory Default Amount is paid in full, whichever is
      greater, and (ii) all other amounts, costs, expenses and liquidated
      damages due in respect of this Debenture.

            "New York Courts" shall have the meaning set forth in Section 9(d).

            "Notice of Conversion" shall have the meaning set forth in Section
      4(a).

            "Optional Redemption" shall have the meaning set forth in Section
      6(a).

            "Optional Redemption Amount" shall mean the sum of (i) 100% of the
      principal amount of the Debenture then outstanding, (ii) accrued but
      unpaid interest and (iii) all liquidated damages and other amounts due in
      respect of the Debenture.

            "Optional Redemption Date" shall have the meaning set forth in
      Section 6(a).

            "Optional Redemption Notice" shall have the meaning set forth in
      Section 6(a).

            "Optional Redemption Notice Date" shall have the meaning set forth
      in Section 6(a).

            "Original Issue Date" shall mean the date of the first issuance of
      the Debentures regardless of the number of transfers of any Debenture and
      regardless of the number of instruments which may be issued to evidence
      such Debenture.

            "Permitted Indebtedness" shall mean (a) the Indebtedness existing on
      the Original Issue Date and set forth on Schedule 3.1(aa) attached to the
      Purchase Agreement, (b) Indebtedness consisting of the Obligations, (c)
      Indebtedness incurred by the Company or the Subsidiaries that does not
      mature or require payments of principal prior to the Maturity Date and is
      made expressly subordinate in right of payment to the Indebtedness
      evidenced by this Debenture, as reflected in a written agreement
      reasonably acceptable to the Holder and approved by the Holder in writing,
      (d) Indebtedness consisting of reimbursement and other obligations,
      contingent or otherwise, under letters of credit, in an amount not to
      exceed $1 million more than that set forth therefor on Schedule 3.1(aa)
      attached to the Purchase Agreement, and (e) capital lease obligations and
      purchase money Indebtedness incurred in connection with the acquisition of
      capital assets and lease obligations with respect to newly acquired or
      leased assets, in an amount not to exceed $2,000,000 more than that set
      forth therefor on Schedule 3.1(aa) attached to the Purchase Agreement.

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            "Permitted Lien" shall mean the individual and collective reference
      to the following: (a) Liens for taxes, assessments and other governmental
      charges or levies not yet due or Liens for taxes, assessments and other
      governmental charges or levies being contested in good faith and by
      appropriate proceedings for which adequate reserves (in the good faith
      judgment of the management of the Company) have been established in
      accordance with GAAP, (b) Liens imposed by law which were incurred in the
      ordinary course of business, such as carriers', warehousemen's and
      mechanics' Liens, statutory landlords' Liens, and other similar Liens
      (including in connection with workers' compensation and unemployment
      insurance) arising in the ordinary course of business, and (x) which do
      not individually or in the aggregate materially detract from the value of
      such property or assets or materially impair the use thereof in the
      operation of the business of the Company and the Subsidiary Guarantors or
      (y) which are being contested in good faith by appropriate proceedings,
      which proceedings have the effect of preventing the forfeiture or sale of
      the property or asset subject to such Lien, (c) Liens incurred in
      connection with Permitted Indebtedness under clause (e) thereunder
      provided that such Liens are not secured by assets of the Company or the
      Subsidiary Guarantors other than the assets so acquired or leased, (d)
      Liens in favor of the holders of the Debentures, created under the
      Security Documents, (e) Liens in favor of the holders of the Seller Notes
      created under the Seller Note Documents as they exist on the Original
      Issue Date, (f) Liens in favor of the holder of the Farequest Note created
      under the Farequest Note Documents as they exist on the Original Issue
      Date, (g) Liens (other than any Lien imposed by ERISA) consisting of
      pledges or deposits required in the ordinary course of business in
      connection with workers' compensation, unemployment insurance and other
      social security legislation or to secure the performance of tenders,
      statutory obligations, surety, stay, customs and appeals bonds, bids,
      leases, governmental contracts, trade contracts, performance and return of
      money bonds and other similar obligations (exclusive of obligations for
      the payment of borrowed money) or to secure liability to insurance
      carriers, (h) Liens consisting of judgment or judicial attachment liens,
      provided that the enforcement of such Liens is effectively stayed and all
      such Liens secure claims in the aggregate at any time outstanding for the
      Company and its Subsidiaries do not exceed $150,000, (i) easements,
      rights-of-way, zoning and other restrictions, minor defects or other
      irregularities in title, and other similar encumbrances incurred in the
      ordinary course of business which, in the aggregate, do not in any case
      interfere in any material respect with the ordinary conduct of the
      businesses of the Company, (j) Liens arising from precautionary UCC
      financing statements filed under any lease permitted by the Transaction
      Documents, (k) Liens arising from travel agency regulations relating to
      customer funds, and (l) Liens set forth on Schedule 3.1 (aa) attached to
      the Purchase Agreement.

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            "Person" means a corporation, an association, a partnership,
      organization, a business, an individual, a government or political
      subdivision thereof or a governmental agency.

            "Purchase Agreement" means the Securities Purchase Agreement, dated
      as of October 24, 2005 to which the Company and the original Holder are
      parties, as amended on January __, 2006 pursuant to the Waiver Agreement
      and as may be further amended, modified or supplemented from time to time
      in accordance with its terms.

            "Registration Rights Agreement" means the Registration Rights
      Agreement, dated as of the date of the Purchase Agreement, to which the
      Company and the original Holder are parties, as amended, modified or
      supplemented from time to time in accordance with its terms.

            "Registration Statement" means a registration statement meeting the
      requirements set forth in the Registration Rights Agreement, covering
      among other things the resale of the Conversion Shares and naming the
      Holder as a "selling stockholder" thereunder.

            "Securities Act" means the Securities Act of 1933, as amended, and
      the rules and regulations promulgated thereunder.

            "Trading Day" means a day on which the Common Stock is traded on a
      Trading Market.

            "Trading Market" means the following markets or exchanges on which
      the Common Stock is listed or quoted for trading on the date in question:
      the Nasdaq Capital Market, the American Stock Exchange, the New York Stock
      Exchange or the Nasdaq National Market.

            "Transaction Documents" shall have the meaning set forth in the
      Purchase Agreement.

            "VWAP" means, for any date, the price determined by the first of the
      following clauses that applies: (a) if the Common Stock is then listed or
      quoted on a Trading Market, the daily volume weighted average price of the
      Common Stock for such date (or the nearest preceding date) on the Trading
      Market on which the Common Stock is then listed or quoted as reported by
      Bloomberg L.P. (based on a Trading Day from 9:30 a.m. Eastern Time to 4:00
      p.m. Eastern Time or such other time as the Trading Market publicly
      announces as the official closing time of the Trading Market); (b) if the
      Common Stock is not then listed or quoted on a Trading Market and if
      prices for the Common Stock are then quoted on the OTC Bulletin Board, the
      volume weighted average price of the Common Stock for such date (or the
      nearest preceding date) on the OTC Bulletin Board; (c) if the Common Stock
      is not then listed or quoted on the OTC Bulletin Board and if prices for
      the Common Stock are then reported in the "Pink Sheets" published by the
      Pink Sheets, LLC (or a similar organization or agency succeeding to its
      functions of reporting prices), the most recent bid price per share of the
      Common Stock so reported; or (d) in all other cases, the fair market value
      of a share of Common Stock as determined by an independent appraiser
      selected in good faith by the Holder and reasonably acceptable to the
      Company.

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            "Waiver Agreement" means the Waiver Agreement and Amendment to
      Debenture, dated as of January __, 2006, by and among OneTravel Holdings,
      Inc., Farequest Holdings, Inc., OneTravel, Inc. and the Purchasers
      identified on the signature pages thereto.

      Section 2. Interest.

            a) Payment of Interest in Cash or Kind. The Company shall pay
      interest to the Holder on the aggregate unconverted and then outstanding
      principal amount of this Debenture at the rate of 9% per annum, payable
      semi-annually on January 1 and July 1, beginning on the first such date
      after the Original Issue Date, on each Optional Redemption Date (as to
      that principal amount being redeemed), on each Conversion Date (as to that
      principal amount being converted) and on the Maturity Date (except that,
      if any such date is not a Business Day, then such payment shall be due on
      the next succeeding Business Day) (each such date, an "Interest Payment
      Date"), payable in cash or in shares of Common Stock valued at the
      Interest Conversion Rate, or a combination thereof (the amount to be paid
      in shares, the "Interest Share Amount"); provided, however, (i) payment in
      shares of Common Stock may only occur if during the 20 Trading Days
      immediately prior to the applicable Interest Payment Date (the "Interest
      Notice Period") and through and including the date such shares of Common
      Stock are issued to the Holder all of the Equity Conditions, unless waived
      by the Holder in writing, have been met and the Company shall have given
      the Holder notice in accordance with the notice requirements set forth
      below (ii) Shareholder Approval shall have been obtained and deemed
      effective and (iii) as to such Interest Payment Date, prior to the such
      Interest Notice Period (but not more 5 Trading Days prior to the
      commencement of the Interest Notice Period), the Company shall have
      delivered to the Holder's account with The Depository Trust Company a
      number of shares of Common Stock to be applied against such Interest Share
      Amount equal to the quotient of (x) the applicable Interest Share Amount
      divided by (y) the average of the 5 consecutive VWAPs immediately prior to
      the 25 Trading Days immediately prior to the applicable Interest Payment
      Date (the "Interest Conversion Shares").

            b) Company's Election to Pay Interest in Kind. Subject to the terms
      and conditions herein, the decision whether to pay interest hereunder in
      shares of Common Stock or cash shall be at the discretion of the Company.
      Prior to the commencement of an Interest Notice Period, the Company shall
      provide the Holder with written notice of its election to pay interest
      hereunder on the applicable Interest Payment Date either in cash, shares
      of Common Stock or a combination thereof (the Company may indicate in such
      notice that the election contained in such notice shall continue for later
      periods until revised) and the Interest Share Amount as to the applicable
      Interest Payment Date. During any Interest Notice Period, the Company's
      election (whether specific to an Interest Payment Date or continuous)
      shall be irrevocable as to such Interest Payment

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      Date. Subject to the aforementioned conditions, failure to timely provide
      such written notice shall be deemed an election by the Company to pay the
      interest on such Interest Payment Date in cash. At any time the Company
      delivers a notice to the Holder of its election to pay the interest in
      shares of Common Stock, the Company shall file a prospectus supplement
      pursuant to Rule 424 disclosing such election. The aggregate number of
      shares of Common Stock otherwise issuable to the Holder on an Interest
      Payment Date shall be reduced by the number of Interest Conversion Shares
      previously issued to the Holder in connection with such Interest Payment
      Date.

            c) Interest Calculations. Interest shall be calculated on the basis
      of a 360-day year and shall accrue daily commencing on the Original Issue
      Date until payment in full of the principal sum, together with all accrued
      and unpaid interest and other amounts which may become due hereunder, has
      been made. Payment of interest in shares of Common Stock (other than the
      Interest Conversion Shares issued prior to an Interest Notice Period)
      shall otherwise occur pursuant to Section 4(d)(ii) and only for purposes
      of the payment of interest in shares, the Interest Payment Date shall be
      deemed the Conversion Date. Interest shall cease to accrue with respect to
      any principal amount converted, provided that the Company in fact delivers
      the Conversion Shares within the time period required by Section 4(d)(ii).
      Interest hereunder will be paid to the Person in whose name this Debenture
      is registered on the records of the Company regarding registration and
      transfers of this Debenture (the "Debenture Register"). Except as
      otherwise provided herein, if at any time the Company pays interest
      partially in cash and partially in shares of Common Stock to the holders
      of the Debentures, then such payment shall be distributed ratably among
      the holders of the Debentures based on their (or their predecessor's)
      initial purchases of Debentures pursuant to the Purchase Agreement
      (adjusted proportionally in the event any Debentures are no longer
      outstanding.

            d) Late Fee. All overdue accrued and unpaid interest to be paid
      hereunder shall entail a late fee at the rate of 18% per annum (or such
      lower maximum amount of interest permitted to be charged under applicable
      law) ("Late Fees") which will accrue daily, from the date such interest is
      due hereunder through and including the date of payment. Notwithstanding
      anything to the contrary contained herein, if on any Interest Payment Date
      the Company has elected to pay interest in Common Stock and is not able to
      pay accrued interest in the form of Common Stock because it does not then
      satisfy the conditions for payment in the form of Common Stock set forth
      above, then, at the option of the Holder, the Company, in lieu of
      delivering either shares of Common Stock pursuant to this Section 2 or
      paying the regularly scheduled cash interest payment, shall deliver,
      within three Trading Days of each applicable Interest Payment Date, an
      amount in cash equal to the product of the number of shares of Common
      Stock otherwise deliverable to the Holder in connection with the payment
      of interest due on such Interest Payment Date and the highest VWAP during
      the period commencing on the Interest Payment Date and ending on the
      Trading Day prior to the date such payment is made. If any Interest
      Conversion Shares are issued to the Holder in connection with an Interest
      Payment Date and are not applied against an Interest Share Amount, then
      the Holder shall promptly return such excess shares to the Company.

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            e) Prepayment. Except as otherwise set forth in this Debenture,
      including, without limitation, in Section 6 hereof, the Company may not
      prepay any portion of the principal amount of this Debenture without the
      prior written consent of the Holder.

      Section 3. Registration of Transfers and Exchanges.

            a) Different Denominations. This Debenture is exchangeable for an
      equal aggregate principal amount of Debentures of different authorized
      denominations, as requested by the Holder surrendering the same. No
      service charge will be made for such registration of transfer or exchange.

            b) Investment Representations. This Debenture has been issued
      subject to certain investment representations of the original Holder set
      forth in the Purchase Agreement and may be transferred or exchanged only
      in compliance with the Purchase Agreement and applicable federal and state
      securities laws and regulations.

            c) Reliance on Debenture Register. Prior to due presentment to the
      Company for transfer of this Debenture, the Company and any agent of the
      Company may treat the Person in whose name this Debenture is duly
      registered on the Debenture Register as the owner hereof for the purpose
      of receiving payment as herein provided and for all other purposes,
      whether or not this Debenture is overdue, and neither the Company nor any
      such agent shall be affected by notice to the contrary.

      Section 4. Conversion.

            a) Voluntary Conversion. At any time after the date the Company
      obtains Shareholder Approval in accordance with the rules and regulations
      of the Trading Market until this Debenture is no longer outstanding, this
      Debenture shall be convertible into shares of Common Stock at the option
      of the Holder, in whole or in part at any time and from time to time
      (subject to the limitations on conversion set forth in Section 4(c)
      hereof). The Holder shall effect conversions by delivering to the Company
      the form of Notice of Conversion attached hereto as Annex A (a "Notice of
      Conversion"), specifying therein the principal amount of this Debenture to
      be converted and the date on which such conversion is to be effected (a
      "Conversion Date"). If no Conversion Date is specified in a Notice of
      Conversion, the Conversion Date shall be the date that such Notice of
      Conversion is provided hereunder. To effect conversions hereunder, the
      Holder shall not be required to physically surrender this Debenture to the
      Company unless the entire principal amount of this Debenture plus all
      accrued and unpaid interest thereon has been so converted. Conversions
      hereunder shall have the effect of lowering the outstanding principal
      amount of this Debenture in an amount equal to the applicable conversion.
      The Holder and the Company shall maintain records showing the principal
      amount converted and the date of such conversions. The Company shall
      deliver any objection to any Notice of Conversion within 1 Business Day of
      receipt of such notice. In the event of any dispute or discrepancy, the
      records of the Holder shall be controlling and determinative in the
      absence of manifest error. The Holder and any assignee, by acceptance of
      this Debenture, acknowledge and agree that, by reason of the provisions of
      this paragraph, following conversion of a portion of this Debenture, the
      unpaid and unconverted principal amount of this Debenture may be less than
      the amount stated on the face hereof.

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            b) Conversion Price. The conversion price in effect on any
      Conversion Date shall be equal to $2.55 (subject to adjustment herein)(the
      "Conversion Price").

            c) Holder's Restriction on Conversion. The Company shall not effect
      any conversion of this Debenture, and the Holder shall not have the right
      to convert any portion of this Debenture, pursuant to Section 4(a) or
      otherwise, to the extent that after giving effect to such conversion, the
      Holder (together with the Holder's Affiliates), as set forth on the
      applicable Notice of Conversion, would beneficially own in excess of 4.99%
      of the number of shares of the Common Stock outstanding immediately after
      giving effect to such conversion. For purposes of the foregoing sentence,
      the number of shares of Common Stock beneficially owned by the Holder and
      its Affiliates shall include the number of shares of Common Stock issuable
      upon conversion of this Debenture with respect to which the determination
      of such sentence is being made, but shall exclude the number of shares of
      Common Stock which would be issuable upon (A) conversion of the remaining,
      nonconverted portion of this Debenture beneficially owned by the Holder or
      any of its Affiliates and (B) exercise or conversion of the unexercised or
      nonconverted portion of any other securities of the Company (including,
      without limitation, any other Debentures or the Warrants) subject to a
      limitation on conversion or exercise analogous to the limitation contained
      herein beneficially owned by the Holder or any of its Affiliates. Except
      as set forth in the preceding sentence, for purposes of this Section 4(c),
      beneficial ownership shall be calculated in accordance with Section 13(d)
      of the Exchange Act and the rules and regulations promulgated thereunder.
      To the extent that the limitation contained in this section applies, the
      determination of whether this Debenture is convertible (in relation to
      other securities owned by the Holder) and of which a portion of this
      Debenture is convertible shall be in the sole discretion of such Holder.
      To ensure compliance with this restriction, the Holder will be deemed to
      represent to the Company each time it delivers a Notice of Conversion that
      such Notice of Conversion has not violated the restrictions set forth in
      this paragraph and the Company shall have no obligation to verify or
      confirm the accuracy of such determination. In addition, a determination
      as to any group status as contemplated above shall be determined in
      accordance with Section 13(d) of the Exchange Act and the rules and
      regulations promulgated thereunder. For purposes of this Section 4(c), in
      determining the number of outstanding shares of Common Stock, the Holder
      may rely on the number of outstanding shares of Common Stock as reflected
      in (x) the Company's most recent Form 10-Q or Form 10-K, as the case may
      be, (y) a more recent public announcement by the Company or (z) any other
      notice in writing or by e-mail by the Company or the Company's Transfer
      Agent setting forth the number of shares of Common Stock outstanding. Upon
      the written or oral request of the Holder, the Company shall within two
      Trading Days confirm orally and in writing or by e-mail to the Holder the
      number of shares of Common Stock then outstanding. In any case, the number
      of outstanding shares of Common Stock shall be determined after giving
      effect to the conversion or exercise of securities of the Company,
      including this Debenture, by the Holder or its Affiliates since

                                       10
<PAGE>

      the date as of which such number of outstanding shares of Common Stock was
      reported. The provisions of this paragraph shall be implemented in a
      manner otherwise than in strict conformity with the terms of this Section
      4(c) to correct this paragraph (or any portion hereof) which may be
      defective or inconsistent with the intended 4.99% beneficial ownership
      limitation herein contained or to make changes or supplements necessary or
      desirable to properly give effect to such 4.99% limitation. The
      limitations contained in this paragraph shall apply to a successor holder
      of this Debenture.

            d) Mechanics of Conversion

                  i. Conversion Shares Issuable Upon Conversion of Principal
            Amount. The number of shares of Common Stock issuable upon a
            conversion hereunder shall be determined by the quotient obtained by
            dividing (x) the outstanding principal amount of this Debenture to
            be converted by (y) the Conversion Price. i.

                  ii. Delivery of Certificate Upon Conversion. Not later than
            three Trading Days after any Conversion Date, the Company will
            deliver or cause to be delivered to the Holder (A) a certificate or
            certificates representing the Conversion Shares which shall be free
            of restrictive legends and trading restrictions (other than those
            required by the Purchase Agreement) representing the number of
            shares of Common Stock being acquired upon the conversion of this
            Debenture (including, if the Company has given continuous notice
            pursuant to Section 2(b) for payment of interest in shares of Common
            Stock at least 20 Trading Days prior to the date on which the
            Conversion Notice is delivered to the Company, shares of Common
            Stock representing the payment of accrued interest otherwise
            determined pursuant to Section 2(a) but assuming that the Interest
            Notice Period is the 20 Trading Days period immediately prior to the
            date on which the Conversion Notice is delivered to the Company and
            excluding for such issuance the condition that the Company deliver
            Interest Conversion Shares as to such interest payment) and (B) the
            amount of accrued and unpaid interest (if the Company is required to
            pay accrued interest in cash). The Company shall, if available and
            if allowed under applicable securities laws, use its commercially
            best efforts to deliver any certificate or certificates required to
            be delivered by the Company under this Section electronically
            through the Depository Trust Corporation or another established
            clearing corporation performing similar functions.

                  iii. Failure to Deliver Certificates. If in the case of any
            Notice of Conversion such certificate or certificates are not
            delivered to or as directed by the applicable Holder by the third
            Trading Day after a Conversion Date, the Holder shall be entitled by
            written notice to the Company at any time on or before its receipt
            of such certificate or certificates thereafter, to rescind such
            conversion, in which event the Company shall immediately return the
            certificates representing the principal amount of this Debenture
            tendered for conversion.

                                       11
<PAGE>

                  iv. Obligation Absolute; Partial Liquidated Damages. If the
            Company fails for any reason to deliver to the Holder such
            certificate or certificates pursuant to Section 4(d)(ii) by the
            third Trading Day after the Conversion Date, the Company shall pay
            to such Holder, in cash, as liquidated damages and not as a penalty,
            for each $1000 of principal amount being converted, $5 per Trading
            Day (increasing to $10 per Trading Day after 5 Trading Days after
            such damages begin to accrue) for each Trading Day after such third
            Trading Day until such certificates are delivered. The Company's
            obligations to issue and deliver the Conversion Shares upon
            conversion of this Debenture in accordance with the terms hereof are
            absolute and unconditional (subject to the terms and provisions of
            the other Transaction Documents), irrespective of any action or
            inaction by the Holder to enforce the same, any waiver or consent
            with respect to any provision hereof, the recovery of any judgment
            against any Person or any action to enforce the same, or any setoff,
            counterclaim, recoupment, limitation or termination, or any breach
            or alleged breach by the Holder or any other Person of any
            obligation to the Company or any violation or alleged violation of
            law by the Holder or any other person, and irrespective of any other
            circumstance which might otherwise limit such obligation of the
            Company to the Holder in connection with the issuance of such
            Conversion Shares; provided, however, such delivery shall not
            operate as a waiver by the Company of any such action the Company
            may have against the Holder. In the event the Holder of this
            Debenture shall elect to convert any or all of the outstanding
            principal amount hereof, the Company may not refuse conversion based
            on any claim that the Holder or any one associated or affiliated
            with the Holder has been engaged in any violation of law, agreement
            or for any other reason, unless, an injunction from a court, on
            notice, restraining and or enjoining conversion of all or part of
            this Debenture shall have been sought and obtained and the Company
            posts a surety bond for the benefit of the Holder in the amount of
            150% of the principal amount of this Debenture outstanding, which is
            subject to the injunction, which bond shall remain in effect until
            the completion of arbitration/litigation of the dispute and the
            proceeds of which shall be payable to such Holder to the extent it
            obtains judgment. In the absence of an injunction precluding the
            same, the Company shall issue Conversion Shares or, if applicable,
            cash, upon a properly noticed conversion. Nothing herein shall limit
            a Holder's right to pursue actual damages or declare an Event of
            Default pursuant to Section 8 herein for the Company's failure to
            deliver Conversion Shares within the period specified herein and
            such Holder shall have the right to pursue all remedies available to
            it at law or in equity including, without limitation, a decree of
            specific performance and/or injunctive relief. The exercise of any
            such rights shall not prohibit the Holder from seeking to enforce
            damages pursuant to any other Section hereof or under applicable
            law.

                  v. Compensation for Buy-In on Failure to Timely Deliver
            Certificates Upon Conversion. In addition to any other rights
            available to the Holder, if the Company fails for any reason to
            deliver to the Holder such certificate or certificates pursuant to
            Section 4(d)(ii) by the third Trading Day after the

                                       12
<PAGE>

            Conversion Date, and if after such third Trading Day the Holder is
            required by its brokerage firm to purchase (in an open market
            transaction or otherwise) Common Stock to deliver in satisfaction of
            a sale by such Holder of the Conversion Shares which the Holder
            anticipated receiving upon such conversion (a "Buy-In"), then the
            Company shall (A) pay in cash to the Holder (in addition to any
            remedies available to or elected by the Holder) the amount by which
            (x) the Holder's total purchase price (including brokerage
            commissions, if any) for the Common Stock so purchased exceeds (y)
            the product of (1) the aggregate number of shares of Common Stock
            that such Holder anticipated receiving from the conversion at issue
            multiplied by (2) the actual sale price of the Common Stock at the
            time of the sale (including brokerage commissions, if any) giving
            rise to such purchase obligation and (B) at the option of the
            Holder, either reissue (if surrendered, or cancel the Conversion
            Notice so as to in effect reissue) this Debenture in a principal
            amount equal to the principal amount of the attempted conversion or
            deliver to the Holder the number of shares of Common Stock that
            would have been issued had the Company timely complied with its
            delivery requirements under Section 4(d)(ii). For example, if the
            Holder purchases Common Stock having a total purchase price of
            $11,000 to cover a Buy-In with respect to an attempted conversion of
            this Debenture with respect to which the actual sale price of the
            Conversion Shares at the time of the sale (including brokerage
            commissions, if any) giving rise to such purchase obligation was a
            total of $10,000 under clause (A) of the immediately preceding
            sentence, the Company shall be required to pay the Holder $1,000.
            The Holder shall provide the Company written notice indicating the
            amounts payable to the Holder in respect of the Buy-In together with
            applicable confirmation and other evidence reasonably requested by
            the Company.

                  vi. Reservation of Shares Issuable Upon Conversion. The
            Company covenants that it will at all times reserve and keep
            available out of its authorized and unissued shares of Common Stock
            solely for the purpose of issuance upon conversion of this Debenture
            and payment of interest on this Debenture, each as herein provided,
            free from preemptive rights or any other actual contingent purchase
            rights of persons other than the Holder (and the other holders of
            the Debentures), not less than such number of shares of the Common
            Stock as shall (subject to the terms and conditions set forth in the
            Purchase Agreement) be issuable (taking into account the adjustments
            and restrictions of Section 5) upon the conversion of the
            outstanding principal amount of this Debenture and payment of
            interest hereunder. The Company covenants that all shares of Common
            Stock that shall be so issuable shall, upon issue, be duly and
            validly authorized, issued and fully paid, nonassessable and, if the
            Registration Statement is then effective under the Securities Act,
            registered for public sale in accordance with such Registration
            Statement.

                                       13
<PAGE>

                  vii. Fractional Shares. Upon a conversion hereunder the
            Company shall not be required to issue stock certificates
            representing fractions of shares of the Common Stock, but may if
            otherwise permitted, make a cash payment in respect of any final
            fraction of a share based on the VWAP at such time. If the Company
            elects not, or is unable, to make such a cash payment, the Holder
            shall be entitled to receive, in lieu of the final fraction of a
            share, one whole share of Common Stock.

                  viii. Transfer Taxes. The issuance of certificates for shares
            of the Common Stock on conversion of this Debenture shall be made
            without charge to the Holder hereof for any documentary stamp or
            similar taxes that may be payable in respect of the issue or
            delivery of such certificate, provided that the Company shall not be
            required to pay any tax that may be payable in respect of any
            transfer involved in the issuance and delivery of any such
            certificate upon conversion in a name other than that of the Holder
            of this Debenture so converted and the Company shall not be required
            to issue or deliver such certificates unless or until the person or
            persons requesting the issuance thereof shall have paid to the
            Company the amount of such tax or shall have established to the
            satisfaction of the Company that such tax has been paid.

      Section 5. Certain Adjustments.

            a) Stock Dividends and Stock Splits. If the Company, at any time
      while this Debenture is outstanding: (A) pays a stock dividend or
      otherwise makes a distribution or distributions on shares of its Common
      Stock or any other equity or equity equivalent securities payable in
      shares of Common Stock (which, for avoidance of doubt, shall not include
      any shares of Common Stock issued by the Company pursuant to this
      Debenture, including as interest thereon), (B) subdivides outstanding
      shares of Common Stock into a larger number of shares, (C) combines
      (including by way of reverse stock split) outstanding shares of Common
      Stock into a smaller number of shares, or (D) issues by reclassification
      of shares of the Common Stock any shares of capital stock of the Company,
      then the Conversion Price shall be multiplied by a fraction of which the
      numerator shall be the number of shares of Common Stock (excluding
      treasury shares, if any) outstanding immediately before such event and of
      which the denominator shall be the number of shares of Common Stock
      outstanding immediately after such event. Any adjustment made pursuant to
      this Section shall become effective immediately after the record date for
      the determination of stockholders entitled to receive such dividend or
      distribution and shall become effective immediately after the effective
      date in the case of a subdivision, combination or re-classification.

            b) Subsequent Equity Sales. If the Company or any Subsidiary, as
      applicable, at any time while this Debenture is outstanding, shall sell,
      publicly offer, grant any option to purchase or publicly offer, sell or
      grant any right to reprice its securities, or otherwise dispose of or
      issue any Common Stock or Common Stock Equivalents entitling any Person to
      acquire shares of Common Stock, at an effective price per share less than
      the then Conversion Price (such lower price, the "Base Conversion Price"
      and such issuances collectively, a "Dilutive Issuance"), as adjusted
      hereunder (if

                                       14
<PAGE>

      the holder of the Common Stock or Common Stock Equivalents so issued shall
      at any time, whether by operation of purchase price adjustments, reset
      provisions, floating conversion, exercise or exchange prices or otherwise,
      or due to warrants, options or rights per share which is issued in
      connection with such issuance, be entitled to receive shares of Common
      Stock at an effective price per share which is less than the Conversion
      Price, such issuance shall be deemed to have occurred for less than the
      Conversion Price on such date of the Dilutive Issuance), then the
      Conversion Price shall be reduced to equal the Base Conversion Price,
      provided, however, prior to the date the Company obtains Shareholder
      Approval in accordance with the rules and regulations of the Trading
      Market, in no event shall the Conversion Price be adjusted under this
      Section 5(b) to less than $2.36, subject to adjustment for reverse and
      forward stock splits, stock dividends, stock combinations and other
      similar transactions of the Common Stock that occur after the date of this
      Debenture. Such adjustment shall be made whenever such Common Stock or
      Common Stock Equivalents are issued. Notwithstanding the foregoing, no
      adjustment will be made under this Section 5(b) in respect of an Exempt
      Issuance or in respect of shares of Common Stock issued in a firm
      commitment underwritten public offering with a nationally recognized and
      reputable investment bank with gross proceeds of at least $10,000,000. The
      Company shall notify the Holder in writing, no later than the Business Day
      following the issuance of any Common Stock or Common Stock Equivalents
      subject to this section, indicating therein the applicable issuance price,
      or of applicable reset price, exchange price, conversion price and other
      pricing terms (such notice the "Dilutive Issuance Notice"). For purposes
      of clarification, whether or not the Company provides a Dilutive Issuance
      Notice pursuant to this Section 5(b), upon the occurrence of any Dilutive
      Issuance, after the date of such Dilutive Issuance the Holder is entitled
      to receive a number of Conversion Shares based upon the Base Conversion
      Price regardless of whether the Holder accurately refers to the Base
      Conversion Price in the Notice of Conversion.

            c) Pro Rata Distributions. If the Company, at any time while this
      Debenture is outstanding, shall distribute to all holders of Common Stock
      (and not to the holders of the Debenture) evidences of its indebtedness or
      assets (including cash and cash dividends) or rights or warrants to
      subscribe for or purchase any security, then in each such case the
      Conversion Price shall be adjusted by multiplying such Conversion Price in
      effect immediately prior to the record date fixed for determination of
      stockholders entitled to receive such distribution by a fraction of which
      the denominator shall be the VWAP determined as of the record date
      mentioned above, and of which the numerator shall be such VWAP on such
      record date less the then fair market value at such record date of the
      portion of such assets or evidence of indebtedness so distributed
      applicable to one outstanding share of the Common Stock as determined by
      the Board of Directors in good faith. In either case the adjustments shall
      be described in a statement provided to the Holder of the portion of
      assets or evidences of indebtedness so distributed or such subscription
      rights applicable to one share of Common Stock. Such adjustment shall be
      made whenever any such distribution is made and shall become effective
      immediately after the record date mentioned above.

                                       15
<PAGE>

            d) Fundamental Transaction. If, at any time while this Debenture is
      outstanding, (A) the Company effects any merger or consolidation of the
      Company with or into another Person, (B) the Company effects any sale of
      all or substantially all of its assets in one or a series of related
      transactions, (C) any tender offer or exchange offer (whether by the
      Company or another Person) is completed pursuant to which holders of
      Common Stock are permitted to tender or exchange their shares for other
      securities, cash or property, or (D) the Company effects any
      reclassification of the Common Stock or any compulsory share exchange
      pursuant to which the Common Stock is effectively converted into or
      exchanged for other securities, cash or property (in any such case, a
      "Fundamental Transaction"), then upon any subsequent conversion of this
      Debenture, the Holder shall have the right to receive, for each Conversion
      Share that would have been issuable upon such conversion immediately prior
      to the occurrence of such Fundamental Transaction, the same kind and
      amount of securities, cash or property as it would have been entitled to
      receive upon the occurrence of such Fundamental Transaction if it had
      been, immediately prior to such Fundamental Transaction, the holder of one
      share of Common Stock (the "Alternate Consideration"). For purposes of any
      such conversion, the determination of the Conversion Price shall be
      appropriately adjusted to apply to such Alternate Consideration based on
      the amount of Alternate Consideration issuable in respect of one share of
      Common Stock in such Fundamental Transaction, and the Company shall
      apportion the Conversion Price among the Alternate Consideration in a
      reasonable manner reflecting the relative value of any different
      components of the Alternate Consideration. If holders of Common Stock are
      given any choice as to the securities, cash or property to be received in
      a Fundamental Transaction, then the Holder shall be given the same choice
      as to the Alternate Consideration it receives upon any conversion of this
      Debenture following such Fundamental Transaction. To the extent necessary
      to effectuate the foregoing provisions, any successor to the Company or
      surviving entity in such Fundamental Transaction shall issue to the Holder
      a new debenture consistent with the foregoing provisions and evidencing
      the Holder's right to convert such debenture into Alternate Consideration.
      The terms of any agreement pursuant to which a Fundamental Transaction is
      effected shall include terms requiring any such successor or surviving
      entity to comply with the provisions of this paragraph (d) and insuring
      that this Debenture (or any such replacement security) will be similarly
      adjusted upon any subsequent transaction analogous to a Fundamental
      Transaction.

            e) Calculations. All calculations under this Section 5 shall be made
      to the nearest cent or the nearest 1/100th of a share, as the case may be.
      For purposes of this Section 5, the number of shares of Common Stock
      deemed to be issued and outstanding as of a given date shall be the sum of
      the number of shares of Common Stock (excluding treasury shares, if any)
      issued and outstanding.

            f) Notice to the Holder.

                  i. Adjustment to Conversion Price. Whenever the Conversion
            Price is adjusted pursuant to any of this Section 5, the Company
            shall promptly mail to each Holder a notice setting forth the
            Conversion Price after such adjustment and

                                       16
<PAGE>

            setting forth a brief statement of the facts requiring such
            adjustment. If the Company issues a variable rate security, despite
            the prohibition thereon in the Purchase Agreement, the Company shall
            be deemed to have issued Common Stock or Common Stock Equivalents at
            the lowest possible conversion or exercise price at which such
            securities may be converted or exercised in the case of a Variable
            Rate Transaction (as defined in the Purchase Agreement).

                  ii. Notice to Allow Conversion by Holder. If (A) the Company
            shall declare a dividend (or any other distribution) on the Common
            Stock; (B) the Company shall declare a special nonrecurring cash
            dividend on or a redemption of the Common Stock; (C) the Company
            shall authorize the granting to all holders of the Common Stock
            rights or warrants to subscribe for or purchase any shares of
            capital stock of any class or of any rights; (D) the approval of any
            stockholders of the Company shall be required in connection with any
            reclassification of the Common Stock, any consolidation or merger to
            which the Company is a party, any sale or transfer of all or
            substantially all of the assets of the Company, of any compulsory
            share exchange whereby the Common Stock is converted into other
            securities, cash or property; (E) the Company shall authorize the
            voluntary or involuntary dissolution, liquidation or winding up of
            the affairs of the Company; then, in each case, the Company shall
            cause to be filed at each office or agency maintained for the
            purpose of conversion of this Debenture, and shall cause to be
            mailed to the Holder at its last addresses as it shall appear upon
            the stock books of the Company, at least 10 calendar days prior to
            the applicable record or effective date hereinafter specified, a
            notice stating (x) the date on which a record is to be taken for the
            purpose of such dividend, distribution, redemption, rights or
            warrants, or if a record is not to be taken, the date as of which
            the holders of the Common Stock of record to be entitled to such
            dividend, distributions, redemption, rights or warrants are to be
            determined or (y) the date on which such reclassification,
            consolidation, merger, sale, transfer or share exchange is expected
            to become effective or close, and the date as of which it is
            expected that holders of the Common Stock of record shall be
            entitled to exchange their shares of the Common Stock for
            securities, cash or other property deliverable upon such
            reclassification, consolidation, merger, sale, transfer or share
            exchange; provided, that the failure to mail such notice or any
            defect therein or in the mailing thereof shall not affect the
            validity of the corporate action required to be specified in such
            notice. The Holder is entitled to convert this Debenture during the
            10-day period commencing the date of such notice to the effective
            date of the event triggering such notice.

      Section 6. Redemption.

            a) Optional Redemption at Election of Company. Subject to the
      provisions of this Section 6, at any time after the Effective Date, the
      Company may deliver a notice to the Holder (an "Optional Redemption
      Notice" and the date such notice is deemed delivered hereunder, the
      "Optional Redemption Notice Date") of its irrevocable election

                                       17
<PAGE>

      to redeem some or all of the then outstanding Debentures, for an amount,
      in cash, equal to the Optional Redemption Amount on (i) the 20th Trading
      Day following the Optional Redemption Notice Date, or (ii) the date of the
      closing date of a Fundamental Transaction so long as such closing date is
      no less than 20 Trading Days and no more than 30 Trading Days following
      the Optional Redemption Notice Date (such date, the "Optional Redemption
      Date" and such redemption, the "Optional Redemption"). The Optional
      Redemption Amount is due in full on the Optional Redemption Date. Other
      than in connection with an Optional Redemption of all of the then
      outstanding Debentures occurring immediately prior to or concurrently with
      the consummation of a Fundamental Transaction, the Company may only effect
      an Optional Redemption if during the period commencing on the Optional
      Redemption Notice Date through to the Optional Redemption Date and through
      and including the date such shares of Common Stock are issued to the
      Holder, each of the Equity Conditions shall have been met. If any of the
      Equity Conditions shall cease to be satisfied at any time during the
      required period, then the Holder may elect to nullify the Optional
      Redemption Notice by notice to the Company within 3 Trading Days after the
      first day on which any such Equity Condition has not been met (provided
      that if, by a provision of the Transaction Documents, the Company is
      obligated to notify the Holder of the non-existence of an Equity
      Condition, such notice period shall be extended to the third Trading Day
      after proper notice from the Company) in which case the Optional
      Redemption Notice shall be null and void, ab initio. The Company covenants
      and agrees that it will honor all Notices of Conversion tendered from the
      time of delivery of the Optional Redemption Notice through the date all
      amounts owing thereon are due and paid in full.

            b) Holder Redemption Right. Upon notice from the Company of, or the
      public announcement of, the occurrence of a Change of Control Transaction
      or a Fundamental Transaction, the Holder shall have the right to deliver a
      notice to the Company (a "Holder Redemption Notice" and the date such
      notice is deemed delivered hereunder, the "Holder Redemption Notice Date")
      of its irrevocable election to cause the Company to redeem some or all of
      the then outstanding principal amount of this Debenture for an amount, in
      cash, equal to (i) 100% of the principal amount of this Debenture then
      outstanding, (ii) accrued but unpaid interest and (iii) all liquidated
      damages and other amounts due in respect of this Debenture (the "Holder
      Redemption" and such amount the "Holder Redemption Amount"). The Holder
      Redemption Notice may be delivered any time after such notice or
      announcement until the 10th Trading Day prior to the consummation of the
      Fundamental Transaction or Change of Control Transaction provided that the
      Holder is given 30 Trading Days' prior written notice from the Company of
      the consummation of such transaction. The Holder Redemption Amount is due
      and payable on, and contingent upon, the closing or occurrence of the
      Fundamental Transaction or the Change of Control Transaction, provided
      that for a Change of Control Transaction pursuant to clause (v) therein,
      such payment shall be contingent upon, and occur on, the closing of the
      applicable agreement.

                                       18
<PAGE>

            c) Redemption Procedure. The payment of cash pursuant to an Optional
      Redemption shall be made on the Optional Redemption Date. If any portion
      of the cash payment for an Optional Redemption or Holder Redemption shall
      not be paid by the Company by the respective due date, interest shall
      accrue thereon at the rate of 18% per annum (or the maximum rate permitted
      by applicable law, whichever is less) until the payment of the Optional
      Redemption Amount or Holder Redemption Amount, plus all amounts owing
      thereon is paid in full. Alternatively, if any portion of the Optional
      Redemption Amount or Holder Redemption Amount remains unpaid after such
      date, the Holders subject to such redemption may elect, by written notice
      to the Company given at any time thereafter, to invalidate ab initio such
      redemption, notwithstanding anything herein contained to the contrary,
      provided such Holders repay that portion of the Optional Redemption Amount
      or Holder Redemption Amount previously paid, if any, with respect to such
      invalidated Optional Redemption concurrently with delivery of such notice,
      the Company shall have no further right to exercise such Optional
      Redemption. Notwithstanding anything to the contrary in this Section 6,
      the Company's determination to redeem in cash pursuant to an Optional
      Redemption shall be applied among the Holders of Debentures ratably (based
      on the original principal amount purchased pursuant to the Purchase
      Agreement) adjusted proportionally in the event any Debentures are no
      longer outstanding. The Holder may elect to convert the outstanding
      principal amount of the Debenture pursuant to Section 4 prior to actual
      payment in cash for any redemption under this Section 6 by fax delivery of
      a Notice of Conversion to the Company.

      Section 7. Negative Covenants. So long as any portion of the Indebtedness
existing under this Debenture is outstanding, the Company will not and will not
permit any of the Subsidiary Guarantors to directly or indirectly, except as may
be waived or consented to in writing by the holders of at least 66% of the then
outstanding principal amount of the Debentures:

            a) other than Permitted Indebtedness, enter into, create, incur,
      assume, guarantee or suffer to exist any indebtedness for borrowed money
      of any kind, including but not limited to, a guarantee, on or with respect
      to any of its property or assets now owned or hereafter acquired or any
      interest therein or any income or profits therefrom;

            b) other than Permitted Liens, enter into, create, incur, assume or
      suffer to exist any liens of any kind, on or with respect to any of its
      property or assets now owned or hereafter acquired or any interest therein
      or any income or profits therefrom;

            c) amend its certificate of incorporation, bylaws or other charter
      documents so as to materially and adversely affect any rights of the
      Holder;

            d) repay, repurchase or offer to repay, repurchase or otherwise
      acquire more than a de minimis number of shares of its Common Stock or
      Common Stock Equivalents other than (i) the Seller Notes, (ii) as to the
      Conversion Shares to the extent permitted or required under the
      Transaction Documents or as otherwise permitted by the Transaction
      Documents or (iii) as to repurchases of shares of Common Stock or other
      equity securities of departing officers and directors of the Company;
      provided such repurchases shall not exceed $100,000, in the aggregate, for
      all officers and directors during the term of this Debenture or (iv) as
      otherwise permitted by the Transaction Documents;

                                       19
<PAGE>

            e) enter into any agreement with respect to any of the foregoing; or

            f) pay cash dividends or distributions on any equity securities of
      the Company, other than cash dividends or distributions by a Subsidiary to
      the Company.

      Section 8. Events of Default.

            a) "Event of Default", wherever used herein, means any one of the
      following events (whatever the reason and whether it shall be voluntary or
      involuntary or effected by operation of law or pursuant to any judgment,
      decree or order of any court, or any order, rule or regulation of any
      administrative or governmental body):

                  i. any default in the payment of (A) the principal amount of
            any Debenture, or (B) interest (including Late Fees) on, or
            liquidated damages in respect of, any Debenture, as and when the
            same shall become due and payable (whether on a Conversion Date or
            the Maturity Date or by acceleration or otherwise) which default,
            solely in the case of an interest payment or other default under
            clause (B) above, is not cured, within 3 Trading Days;

                  ii. the Company shall materially fail to observe or perform in
            any material respect any other covenant or agreement contained in
            this Debenture or any other Debenture (other than a breach by the
            Company of its obligations to deliver shares of Common Stock to the
            Holder upon conversion which breach is addressed in clause (xi)
            below or failure to obtain Shareholder Approval) which failure has
            had or could reasonably be expected to have a Material Adverse
            Effect and is not cured, if possible to cure, within the earlier to
            occur of (A) 5 Trading Days after notice of such default sent by the
            Holder or by any other Holder and (B) 10 Trading Days after the
            Company shall become aware of such failure.

                  iii. a default or event of default (subject to any grace or
            cure period provided for in the applicable agreement, document or
            instrument) shall occur under (A) any of the Transaction Documents,
            which default or event of default is not cured within 30 days or (B)
            any other material agreement, lease, document or instrument to which
            the Company or any Subsidiary Guarantor is bound which default or
            event of default materially restricts the ability of the Company or
            either of the Subsidiary Guarantors to operate their respective
            business thereof in the ordinary course;

                  iv. any representation or warranty made herein, in any other
            Transaction Documents, in any written statement pursuant hereto or
            thereto, or in any other report, financial statement or certificate
            made or delivered to the Holder or any other holder of Debentures
            shall be untrue or incorrect in any material respect as of the date
            when made or deemed made;

                                       20
<PAGE>

                  v. (i) the Company or any Subsidiary Guarantor shall commence
            a case, as debtor, a case under any applicable bankruptcy or
            insolvency laws as now or hereafter in effect or any successor
            thereto, or the Company or any Subsidiary Guarantor commences any
            other proceeding under any reorganization, arrangement, adjustment
            of debt, relief of debtors, dissolution, insolvency or liquidation
            or similar law of any jurisdiction whether now or hereafter in
            effect relating to the Company or any Subsidiary Guarantor or (ii)
            there is commenced a case against the Company or any Subsidiary
            Guarantor, under any applicable bankruptcy or insolvency laws, as
            now or hereafter in effect or any successor thereto which remains
            undismissed for a period of 60 days; or (iii) the Company or any
            Subsidiary Guarantor is adjudicated by a court of competent
            jurisdiction insolvent or bankrupt; or any order of relief or other
            order approving any such case or proceeding is entered; or (iv) the
            Company or any Subsidiary Guarantor suffers any appointment of any
            custodian or the like for it or any substantial part of its property
            which continues undischarged or unstayed for a period of 60 days; or
            (v) the Company or any Subsidiary Guarantor makes a general
            assignment for the benefit of creditors; or (vi) the Company shall
            fail to pay, or shall state that it is unable to pay, or shall be
            unable to pay, its debts generally as they become due; or (vii) the
            Company or any Subsidiary Guarantor shall call a meeting of its
            creditors with a view to arranging a composition, adjustment or
            restructuring of its debts; or (viii) the Company or any Subsidiary
            Guarantor shall by any act or failure to act expressly indicate its
            consent to, approval of or acquiescence in any of the foregoing; or
            (ix) any corporate or other action is taken by the Company or any
            Subsidiary Guarantor for the purpose of effecting any of the
            foregoing;

                  vi. the Company or any Subsidiary Guarantor shall default in
            any of its obligations under any mortgage, credit agreement or other
            borrowing facility, indenture agreement, factoring agreement or
            other instrument under which there may be issued, or by which there
            may be secured or evidenced any indebtedness for borrowed money or
            money due under any long term leasing or factoring arrangement of
            the Company in an amount exceeding $500,000, whether such
            indebtedness now exists or shall hereafter be created and such
            default shall result in such indebtedness becoming or being declared
            due and payable prior to the date on which it would otherwise become
            due and payable;

                  vii. the Common Stock shall not be eligible for quotation on
            or quoted for trading on a Trading Market and shall not again be
            eligible for and quoted or listed for trading thereon within five
            Trading Days;

                  viii. shall agree to sell or dispose of all or in excess of
            33% of its assets (other than FS SunTours, Inc.) in one or more
            transactions (whether or not such sale would constitute a Change of
            Control Transaction) or the Company shall

                                       21
<PAGE>

            redeem or repurchase more than a de minimis number of its
            outstanding shares of Common Stock or other equity securities of the
            Company (other than redemptions of Conversion Shares and repurchases
            of shares of Common Stock or other equity securities of departing
            officers and directors of the Company; provided such repurchases
            shall not exceed $100,000, in the aggregate, for all officers and
            directors during the term of this Debenture);

                  ix. a Registration Statement shall not have been declared
            effective by the Commission on or prior to (A) October 31, 2006,
            unless (I) the Company has filed all reports required to be filed by
            it under Rule 144(c)(1) of the Securities Act as of October 31,
            2006, and (II) the Company has paid liquidated damages to each
            Purchaser on or prior to November 1, 2006 on account of the
            Company's failure to cause the initial Registration Statement to be
            declared effective on or before October 31, 2006 in an amount equal
            to 1.5% of the aggregate purchase price paid by such Purchaser
            pursuant to the Purchase Agreement for any Registrable Securities
            other than Warrant Shares then held by such Purchaser (assuming for
            such purpose only, that all Debentures have been converted), which
            payment shall be deemed by all Purchasers to satisfy the liquidated
            damages payment requirement of the Company pursuant to Section 2(b)
            of the Registration Rights Agreement with respect to the month of
            November 2006, (B) November 30, 2006, unless (I) the Company has
            filed all reports required to be filed by it under Rule 144(c)(1) of
            the Securities Act as of November 30, 2006, and (II) the Company has
            paid liquidated damages to each Purchaser on or prior to December 1,
            2006 on account of the Company's failure to cause the initial
            Registration Statement to be declared effective on or before
            November 30, 2006 in an amount equal to 1.5% of the aggregate
            purchase price paid by such Purchaser pursuant to the Purchase
            Agreement for any Registrable Securities other than Warrant Shares
            then held by such Purchaser (assuming for such purpose only, that
            all Debentures have been converted), which payment shall be deemed
            by all Purchasers to satisfy the liquidated damages payment
            requirement of the Company pursuant to Section 2(b) of the
            Registration Rights Agreement with respect to the month of December
            2006, or (C) January 2, 2007;

                  x. if, during the Effectiveness Period (as defined in the
            Registration Rights Agreement), the effectiveness of the
            Registration Statement lapses for any reason or the Holder shall not
            be permitted to resell Registrable Securities (as defined in the
            Registration Rights Agreement) under the Registration Statement, in
            either case, for more than 60 consecutive Trading Days or 90
            non-consecutive Trading Days during any 12 month period; provided,
            however, that in the event that the Company is negotiating a merger,
            consolidation, acquisition or sale of all or substantially all of
            its assets or a similar transaction and in the opinion of counsel to
            the Company, the Registration Statement, would be required to be
            amended to include information concerning such transactions or the
            parties thereto that is not available or may not be publicly
            disclosed at the time, the Company shall be permitted an additional
            10 consecutive Trading Days during any 12 month period relating to
            such an event; or

                                       22
<PAGE>

                  xi. the Company shall fail for any reason to deliver
            certificates to a Holder prior to the fifth Trading Day after a
            Conversion Date pursuant to and in accordance with Section 4(d) or
            the Company shall provide notice to the Holder, including by way of
            public announcement, at any time, of its intention not to comply
            with requests for conversions of any Debentures in accordance with
            the terms hereof.

            b) Remedies Upon Event of Default. If any Event of Default occurs,
      the full principal amount of this Debenture, together with interest and
      other amounts owing in respect thereof, to the date of acceleration shall
      become, at the Holder's election, immediately due and payable in cash. The
      aggregate amount payable upon an Event of Default shall be equal to the
      Mandatory Default Amount. Commencing 5 days after the occurrence of any
      Event of Default that results in the eventual acceleration of this
      Debenture, the interest rate on this Debenture shall accrue at the rate of
      18% per annum, or such lower maximum amount of interest permitted to be
      charged under applicable law. Upon the payment in full of the Mandatory
      Default Amount on this entire Debenture the Holder shall promptly
      surrender this Debenture to or as directed by the Company. The Holder need
      not provide and the Company hereby waives any presentment, demand, protest
      or other notice of any kind, and the Holder may immediately upon the
      expiration of any applicable grace period enforce any and all of its
      rights and remedies hereunder and all other remedies available to it under
      applicable law. Such declaration may be rescinded and annulled by Holder
      at any time prior to payment hereunder and the Holder shall have all
      rights as a Debenture holder until such time, if any, as the full payment
      under this Section shall have been received by it. No such rescission or
      annulment shall affect any subsequent Event of Default or impair any right
      consequent thereon.

      Section 9. Miscellaneous.

            a) Notices. Any and all notices or other communications or
      deliveries to be provided by the Holder hereunder, including, without
      limitation, any Notice of Conversion, shall be in writing and delivered
      personally, by facsimile, or sent by a nationally recognized overnight
      courier service, addressed to the Company, at the address set forth above,
      facsimile number (404) 943-1094, Attn: President, or such other address or
      facsimile number as the Company may specify for such purposes by notice to
      the Holder delivered in accordance with this Section. Any and all notices
      or other communications or deliveries to be provided by the Company
      hereunder shall be in writing and delivered personally, by facsimile or
      sent by a nationally recognized overnight courier service addressed to
      each Holder at the facsimile telephone number or address of such Holder
      appearing on the books of the Company, or if no such facsimile telephone
      number or address appears, at the principal place of business of the
      Holder. Any notice or other communication or deliveries hereunder shall be
      deemed given and effective on the earliest of (i) the date of
      transmission, if such notice or communication is

                                       23
<PAGE>

      delivered via facsimile at the facsimile telephone number specified in
      this Section prior to 5:30 p.m. (New York City time), (ii) the date after
      the date of transmission, if such notice or communication is delivered via
      facsimile at the facsimile telephone number specified in this Section
      later than 5:30 p.m. (New York City time) on any date and earlier than
      11:59 p.m. (New York City time) on such date, (iii) the second Business
      Day following the date of mailing, if sent by nationally recognized
      overnight courier service, or (iv) if sent other than by facsimile or
      courier, upon actual receipt by the party to whom such notice is required
      to be given.

            b) Absolute Obligation. Except as expressly provided herein, no
      provision of this Debenture shall alter or impair the obligation of the
      Company, which is absolute and unconditional (subject to the terms of the
      Transaction Documents), to pay the principal of, interest and liquidated
      damages (if any) on, this Debenture at the time, place, and rate, and in
      the coin or currency, herein prescribed. This Debenture is a direct debt
      obligation of the Company. This Debenture ranks pari passu with all other
      Debentures now or hereafter issued by the Company under the terms set
      forth herein and is subject to the terms of the Security Agreement.

            c) Lost or Mutilated Debenture. If this Debenture shall be
      mutilated, lost, stolen or destroyed, the Company shall execute and
      deliver, in exchange and substitution for and upon cancellation of a
      mutilated Debenture, or in lieu of or in substitution for a lost, stolen
      or destroyed Debenture, a new Debenture for the principal amount of this
      Debenture so mutilated, lost, stolen or destroyed but only upon receipt of
      evidence of such loss, theft or destruction of such Debenture, and of the
      ownership hereof, and indemnity, if requested, all reasonably satisfactory
      to the Company and, in the case of mutilation, delivery of such
      certificate or instrument to the Company.

            d) Governing Law. All questions concerning the construction,
      validity, enforcement and interpretation of this Debenture shall be
      governed by and construed and enforced in accordance with the internal
      laws of the State of New York, without regard to the principles of
      conflicts of law thereof. Each party agrees that all legal proceedings
      concerning the interpretations, enforcement and defense of the
      transactions contemplated by any of the Transaction Documents (whether
      brought against a party hereto or its respective affiliates, directors,
      officers, shareholders, employees or agents) shall be commenced in the
      state and federal courts sitting in the City of New York, Borough of
      Manhattan (the "New York Courts"). Each party hereto hereby irrevocably
      submits to the exclusive jurisdiction of the New York Courts for the
      adjudication of any dispute hereunder or in connection herewith or with
      any transaction contemplated hereby or discussed herein (including with
      respect to the enforcement of any of the Transaction Documents), and
      hereby irrevocably waives, and agrees not to assert in any suit, action or
      proceeding, any claim that it is not personally subject to the
      jurisdiction of any such court, or such New York Courts are improper or
      inconvenient venue for such proceeding. Each party hereby irrevocably
      waives personal service of process and consents to process being served in
      any such suit, action or proceeding by mailing a copy thereof via
      registered or certified mail or overnight delivery (with evidence of
      delivery) to such party

                                       24
<PAGE>

      at the address in effect for notices to it under this Debenture and agrees
      that such service shall constitute good and sufficient service of process
      and notice thereof. Nothing contained herein shall be deemed to limit in
      any way any right to serve process in any manner permitted by law. Each
      party hereto hereby irrevocably waives, to the fullest extent permitted by
      applicable law, any and all right to trial by jury in any legal proceeding
      arising out of or relating to this Debenture or the transactions
      contemplated hereby. If either party shall commence an action or
      proceeding to enforce any provisions of this Debenture, then the
      prevailing party in such action or proceeding shall be reimbursed by the
      other party for its reasonable attorneys' fees and other costs and
      expenses incurred with the investigation, preparation and prosecution of
      such action or proceeding.

            e) Waiver. Any waiver by the Company or the Holder of a breach of
      any provision of this Debenture shall not operate as or be construed to be
      a waiver of any other breach of such provision or of any breach of any
      other provision of this Debenture. The failure of the Company or the
      Holder to insist upon strict adherence to any term of this Debenture on
      one or more occasions shall not be considered a waiver or deprive that
      party of the right thereafter to insist upon strict adherence to that term
      or any other term of this Debenture. Any waiver must be in writing.

            f) Severability. If any provision of this Debenture is invalid,
      illegal or unenforceable, the balance of this Debenture shall remain in
      effect, and if any provision is inapplicable to any person or
      circumstance, it shall nevertheless remain applicable to all other persons
      and circumstances. If it shall be found that any interest or other amount
      deemed interest due hereunder violates applicable laws governing usury,
      the applicable rate of interest due hereunder shall automatically be
      lowered to equal the maximum permitted rate of interest. The Company
      covenants (to the extent that it may lawfully do so) that it shall not at
      any time insist upon, plead, or in any manner whatsoever claim or take the
      benefit or advantage of, any stay, extension or usury law or other law
      which would prohibit or forgive the Company from paying all or any portion
      of the principal of or interest on this Debenture as contemplated herein,
      wherever enacted, now or at any time hereafter in force, or which may
      affect the covenants or the performance of this indenture, and the Company
      (to the extent it may lawfully do so) hereby expressly waives all benefits
      or advantage of any such law, and covenants that it will not, by resort to
      any such law, hinder, delay or impede the execution of any power herein
      granted to the Holder, but will suffer and permit the execution of every
      such as though no such law has been enacted.

            g) Next Business Day. Whenever any payment or other obligation
      hereunder shall be due on a day other than a Business Day, such payment
      shall be made on the next succeeding Business Day.

            h) Headings. The headings contained herein are for convenience only,
      do not constitute a part of this Debenture and shall not be deemed to
      limit or affect any of the provisions hereof.

                                       25
<PAGE>

            i) Assumption. Any successor to the Company or surviving entity in a
      Fundamental Transaction shall (i) assume in writing all of the obligations
      of the Company under this Debenture and the other Transaction Documents
      pursuant to written agreements in form and substance satisfactory to the
      Holder (such approval not to be unreasonably withheld or delayed) prior to
      such Fundamental Transaction and (ii) to issue to the Holder a new
      debenture of such successor entity evidenced by a written instrument
      substantially similar in form and substance to this Debenture, including,
      without limitation, having a principal amount and interest rate equal to
      the principal amounts and the interest rates of the Debentures held by the
      Holder and having similar ranking to this Debenture, and satisfactory to
      the Holder (any such approval not to be unreasonably withheld or delayed).
      The provisions of this Section 9(i) shall apply similarly and equally to
      successive Fundamental Transactions and shall be applied without regard to
      any limitations of this Debenture.

                              *********************

                                       26

<PAGE>

      IN WITNESS WHEREOF, the Company has caused this Debenture to be duly
executed by a duly authorized officer as of the date first above indicated.

                                          ONETRAVEL HOLDINGS, INC.

                                          By:__________________________________
                                             Name:  Marc E. Bercoon
                                             Title: President

                                       27

<PAGE>

                                     ANNEX A

                              NOTICE OF CONVERSION

      The undersigned hereby elects to convert principal under the 9% Secured
Convertible Debenture of OneTravel, Holdings, Inc., a Delaware corporation (the
"Company"), due on January __, 2009 into shares of common stock, par value $0.04
per share (the "Common Stock"), of the Company according to the conditions
hereof, as of the date written below. If shares are to be issued in the name of
a person other than the undersigned, the undersigned will pay all transfer taxes
payable with respect thereto and is delivering herewith such certificates and
opinions as reasonably requested by the Company in accordance therewith. No fee
will be charged to the holder for any conversion, except for such transfer
taxes, if any.

      By the delivery of this Notice of Conversion the undersigned represents
and warrants to the Company that its ownership of the Common Stock does not
exceed the amounts determined in accordance with Section 13(d) of the Exchange
Act, specified under Section 4 of this Debenture.

      The undersigned agrees to comply with the prospectus delivery requirements
under the applicable securities laws in connection with any transfer of the
aforesaid shares of Common Stock.

Conversion calculations:

                          Date to Effect Conversion:

                          Principal Amount of Debenture to be Converted:

                          Payment of Interest in Common Stock __yes __no
                                   If yes,  $___ of Interest  Accrued on Account
                                   of Conversion at Issue.

                          Number of shares of Common Stock to be issued:

                          Signature:

                          Name:

                          Address:

                                       28

<PAGE>

                                   Schedule 1

                               CONVERSION SCHEDULE

The 9% Secured Convertible Debentures due on January __, 2009 in the aggregate
principal amount of $____________ issued by OneTravel Holdings, Inc. This
Conversion Schedule reflects conversions made under Section 4 of the above
referenced Debenture.

                                     Dated:

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------
                                                           Aggregate Principal
                                                             Amount Remaining
      Date of Conversion                                      Subsequent to
(or for first entry, Original                                   Conversion
         Issue Date)              Amount of Conversion         (or original              Company Attest
                                                            Principal Amount)
-------------------------------------------------------------------------------------------------------------
<S>                               <C>                       <C>                          <C>

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

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

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

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

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

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

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

-------------------------------------------------------------------------------------------------------------
</TABLE>

                                       29WAIVER AGREEMENT AND AMENDMENT TO DEBENTURE

      THIS WAIVER AGREEMENT AND AMENDMENT TO DEBENTURE (this "Agreement") dated
as of January 31, 2006 is by and among ONETRAVEL HOLDINGS, INC., a Delaware
corporation (the "Company"), Farequest Holdings, Inc., a Delaware corporation
("Farequest"), OneTravel, Inc., a Texas corporation ("OneTravel"; Company,
Farequest and OneTravel are sometimes referred to herein individually as a
"Credit Party" and collectively, as the "Credit Parties"), and each Purchaser
identified on the signature pages hereto (each, including its successors and
assigns, a "Purchaser" and collectively the "Purchasers"). Capitalized terms
used and not otherwise defined herein that are defined in the Securities
Purchase Agreement, dated October 24, 2005 by and among the Company and the
Purchasers (the "Purchase Agreement") or in any related Transaction Document (as
defined in the Purchase Agreement) shall have the meanings given such terms in
the Purchase Agreement or such Transaction Document, as applicable.

                             Preliminary Statement:

      A. On October 24, 2005, the Company and Purchasers entered into the
Purchase Agreement and the related Transaction Documents.

      B. The following Events of Default and related defaults exist and will
exist under Section 8(a) of the Debentures and under Sections 2 and 3 of the
Registration Rights Agreement: (i) the Company's failure to timely file an
initial Registration Statement, and the Company's inability to have a
Registration Statement declared effective by the Commission on or prior to the
240th calendar day after the Closing Date, (ii) the Company's failure to timely
file its Annual Report on Form 10-K for the year ended June 30, 2005 and its
Quarterly Report on Form 10-Q for the quarter ended September 30, 2005 and other
reports required to be filed prior to the date hereof pursuant to the Securities
Act or the Exchange Act, and the Company's inability to timely file its
Quarterly Reports on Form 10-Q for the quarters ended December 31, 2005 and
March 31, 2006, and (iii) the material inaccuracy or breach of certain
representations and warranties of the Company and/or the other Credit Parties in
the Transaction Documents (collectively, the "Existing Defaults").

      C. Subject to the terms and conditions set forth herein, each Purchaser
has agreed (i) to waive its available rights and remedies under the Purchase
Agreement, any Transaction Document, any other agreement or at law or in equity
arising as a result of the Existing Defaults (all such rights and remedies, the
"Available Remedies"), (ii) to extend the date by which an initial Registration
Statement must be filed and declared effective, (iii) to waive certain
conditions contained in the Transaction Documents relating to the Company's
right to pay interest in shares of Common Stock in lieu of cash and (iv) to make
certain amendments to the Debentures, and, to the extent necessary the other
Transaction Documents.

      D As consideration for entering into this Agreement, in accordance with
and subject to the terms of this Agreement, the Company shall pay to each
Purchaser the amount equal to the redemption premium of the Debentures in the
form of a new convertible, secured debenture.

<PAGE>

      NOW, THEREFORE, the parties to this Agreement, for adequate and sufficient
consideration, the receipt of which is hereby acknowledged, do hereby agree as
follows:

      1. Waivers by Purchasers; Amendment to the Transaction Documents.

            (a) The Company hereby acknowledges the current and continuing
      existence of the Existing Defaults.

            (b) Subject to the terms and provisions of this Agreement, each
      Purchaser hereby irrevocably waives the Existing Defaults and waives, and
      agrees to permanently forbear from exercising, any Available Remedies it
      now has or may in the future have and any rights and remedies that will be
      available to such Purchaser as a result of the Existing Defaults.

            (c) The Company and each Purchaser amends and restates Section
      8(a)(ix) of the Debentures as follows:

      "a Registration Statement shall not have been declared effective by the
      Commission on or prior to (A) October 31, 2006, unless (I) the Company has
      filed all reports required to be filed by it under Rule 144(c)(1) of the
      Securities Act as of October 31, 2006, and (II) the Company has paid
      liquidated damages to each Purchaser on or prior to November 1, 2006 on
      account of the Company's failure to cause the initial Registration
      Statement to be declared effective on or before October 31, 2006 in an
      amount equal to 1.5% of the aggregate purchase price paid by such
      Purchaser pursuant to the Purchase Agreement for any Registrable
      Securities other than Warrant Shares then held by such Purchaser (assuming
      for such purpose only, that all Debentures have been converted), which
      payment shall be deemed by all Purchasers to satisfy the liquidated
      damages payment requirement of the Company pursuant to Section 2(b) of the
      Registration Rights Agreement with respect to the month of November 2006,
      (B) November 30, 2006, unless (I) the Company has filed all reports
      required to be filed by it under Rule 144(c)(1) of the Securities Act as
      of November 30, 2006, and (II) the Company has paid liquidated damages to
      each Purchaser on or prior to December 1, 2006 on account of the Company's
      failure to cause the initial Registration Statement to be declared
      effective on or before November 30, 2006 in an amount equal to 1.5% of the
      aggregate purchase price paid by such Purchaser pursuant to the Purchase
      Agreement for any Registrable Securities other than Warrant Shares then
      held by such Purchaser (assuming for such purpose only, that all
      Debentures have been converted), which payment shall be deemed by all
      Purchasers to satisfy the liquidated damages payment requirement of the
      Company pursuant to Section 2(b) of the Registration Rights Agreement with
      respect to the month of December 2006, or (C) January 2, 2007."

            (d) Each Purchaser hereby irrevocably waives the payment of
      liquidated damages pursuant to Section 2(b) of the Registration Rights
      Agreement that would otherwise accrue and be payable prior to November 1,
      2006 on account of (i) the Company's failure to file the initial
      Registration Statement on or before the Filing Date and (ii) the Company's
      failure to cause the initial Registration Statement to be declared
      effective on or before the Effectiveness Date.

                                       2
<PAGE>

            (e) As to the July 1, 2006 Interest Payment Date only, each
      Purchaser hereby irrevocably waives the requirements of clause (iii) in
      the definition of Equity Conditions contained in the Debenture. Purchasers
      do not waive any other condition in the definition of Equity Conditions
      other than those set forth in clause (iii) thereof, nor do they waive
      clause (iii) in the definition of Equity Conditions as to any other
      Interest Payment Dates.

            (f) Except to the extent of the waiver and forbearance contained in
      this Section 1, each Purchaser reserves all of its rights, remedies,
      powers and privileges under the Purchase Agreement, Debentures and
      Transaction Documents and otherwise with respect to any Event of Default
      other than the Existing Defaults. Notwithstanding anything herein to the
      contrary and for purposes of clarification, an Event of Default under
      Section 8(a)(iii) of the Debentures held by a Purchaser executing this
      Agreement that is caused solely by the acceleration of the full principal
      amount of the Debentures held by another holder of the Debentures that is
      not a party to this Agreement due to the occurrence of an Existing Default
      that has not been waived by such holder is not waived by this Agreement
      and accordingly the signatories hereto shall also have the right to
      accelerate pursuant to Section 8(a)(iii)) upon such event. Except as
      expressly set forth in this Agreement, no waiver, consent, agreement,
      amendment, renewal, extension, modification, standstill, release or
      understanding of any kind or nature whatsoever shall be binding on
      Purchasers unless and until one or more counterparts of a document in
      writing specifically affirming the same has been executed by Purchasers.
      No failure or delay by Purchasers with respect to exercising any right,
      remedy, power or privilege under the Purchase Agreement, the Transaction
      Documents or otherwise shall operate as a waiver thereof or any
      acquiescence therein.

      2. Issuance of Additional Debentures. As consideration for entering into
this Agreement, the Company agrees to pay an amount equal to the redemption
premium of the Debentures by the issuance, on the date hereof, of a debenture to
each Purchaser in a principal amount equal to 25% of the principal amount of the
Debenture now held by such Purchaser, which debenture shall contain the same
terms and conditions as such Debenture as amended hereby (each such debenture,
the "Additional Debenture" and collectively the "Additional Debentures"), except
that such debenture shall not be convertible into shares of common stock of the
Company prior to obtaining Shareholder Approval with respect to such conversion
to the extent the rules and regulations of the American Stock Exchange require
such Shareholder Approval. The Company's obligation to seek Shareholder Approval
with respect to the Additional Debentures shall be as set forth in Section
4.11(d) of the Purchase Agreement. Each Purchaser acknowledges that the issuance
of the Additional Debentures constitutes an Exempt Issuance as defined in the
Purchase Agreement for the Purposes of Section 5(b) of the Debentures.

      3. Grant of Security Interest in Connection with the Additional
Debentures. In order to induce the Purchasers to waive and forbear on the terms
and conditions in this Agreement, each Credit Party hereby grants a security
interest in all Collateral (as defined in the Security Agreement) to each
Purchaser to secure the prompt payment, performance and discharge in full

                                       3
<PAGE>

of all of the Company's obligations under the Additional Debentures on the same
terms and conditions as the Collateral is pledged to the Purchasers under the
Security Agreement to secure the "Obligations" defined therein. Each Credit
Party hereby agrees that the obligations of the Company contained in the
Additional Debentures will form a part of the obligations subject to (i) the
Security Agreement, dated as of October 24, 2005, and (ii) the UCC Financing
Statements listing the Company and Farequest as Debtors, as filed with the
Secretary of State of Delaware on October 19, 2005, and the UCC Financing
Statement listing OneTravel as Debtor, as filed with the Secretary of State of
Texas on October 19, 2005 and be deemed to be included in the definition of
"Obligations" thereunder. Furthermore, each of Farequest and OneTravel agrees
that the Company's obligations, liabilities and indebtedness under the
Additional Debentures shall constitute "Obligations" under and as defined in the
Subsidiary Guarantee, subject to all guarantee obligations of such Credit
Parties thereunder.

      4. Additional Amendments to the Transaction Documents.

            (a) The Company and each Purchaser amends and restates the
      definition of "Optional Redemption Amount" contained in the Debentures as
      follows:

      "Optional Redemption Amount" shall mean the sum of (i) 100% of the
      principal amount of the Debenture then outstanding, (ii) accrued but
      unpaid interest and (iii) all liquidated damages and other amounts due in
      respect of the Debenture."

            (b) The Company and each Purchaser amends and restates the
      definition of "Mandatory Default Amount" contained in the Debentures as
      follows:

      "Mandatory Default Amount" shall equal the sum of (i) the greater of: (A)
      100% of the principal amount of this Debenture to be prepaid, plus all
      accrued and unpaid interest thereon, or (B) the principal amount of this
      Debenture to be prepaid, plus all other accrued and unpaid interest
      hereon, divided by the Conversion Price on (x) the date the Mandatory
      Default Amount is demanded or otherwise due or (y) the date the Mandatory
      Default Amount is paid in full, whichever is less, multiplied by the VWAP
      on (x) the date the Mandatory Default Amount is demanded or otherwise due
      or (y) the date the Mandatory Default Amount is paid in full, whichever is
      greater, and (ii) all other amounts, costs, expenses and liquidated
      damages due in respect of this Debenture."

            (c) The Company and each Purchaser (i) amends Section 5(b) of the
      Debentures by deleting the amount "$1.94" appearing therein and replacing
      it with the amount "$2.36", (ii) amends Section 4.13(c) of the Purchase
      Agreement by deleting the amount "$1.94" appearing therein and replacing
      it with the amount "$2.36" and (iii) amends Section 3(b) of the Warrant by
      deleting the amount "$1.94" appearing therein and replacing it with the
      amount "$2.36".

            (d) The Company and each Purchaser amends and restates the first
      sentence of Section 6(b) of the Debentures as follows:

                                       4
<PAGE>

      "Upon notice from the Company of, or the public announcement of, the
      occurrence of a Change of Control Transaction or a Fundamental
      Transaction, the Holder shall have the right to deliver a notice to the
      Company (a "Holder Redemption Notice" and the date such notice is deemed
      delivered hereunder, the "Holder Redemption Notice Date") of its
      irrevocable election to cause the Company to redeem some or all of the
      then outstanding principal amount of this Debenture for an amount, in
      cash, equal to (i) 100% of the principal amount of this Debenture then
      outstanding, (ii) accrued but unpaid interest and (iii) all liquidated
      damages and other amounts due in respect of this Debenture (the "Holder
      Redemption" and such amount the "Holder Redemption Amount")."

      5. Incorporation of this Agreement. The rights and obligations of each
Purchaser and of the Company with respect to the Additional Debentures and the
shares of Common Stock issuable thereunder (the "Additional Underlying Shares")
shall be identical in all respects to the rights and obligations of the
Purchasers and of the Company with respect to the Debentures, the Warrants and
the Underlying Shares issued and issuable pursuant to the Transaction Documents.
Any rights of a Purchaser or covenants of the Company which are conditional on a
Purchaser holding securities of the Company or which are determined in magnitude
by such Purchaser's purchase of securities pursuant to the Transaction Documents
shall be deemed to include any securities purchased or issuable pursuant to this
Agreement. The Transaction Documents are hereby amended so that the term
"Debentures" includes the Additional Debentures issued hereunder and "Underlying
Shares" includes the Additional Underlying Shares. Additionally, the
Registration Rights Agreement is hereby amended so that the term "Registrable
Securities" includes in the calculation thereof the Additional Underlying
Shares; provided, however, as to the Additional Underlying Shares only, "date
hereof" where used shall be deemed the date hereof.

      6. Representations and Warranties of the Credit Parties. Each Credit Party
hereby makes to each Purchaser the following representations and warranties:

            (a) Authorization; Enforcement. Each Credit Party has the requisite
      corporate power and authority to enter into and to consummate the
      transactions contemplated by this Agreement and otherwise to carry out its
      obligations hereunder and thereunder. The execution and delivery of this
      Agreement by such Credit Party and the consummation by it of the
      transactions contemplated hereby have been duly authorized by all
      necessary action on the part of such Credit Party and no further action is
      required by such Credit Party, its board of directors or its stockholders
      in connection therewith other than in connection with the Required
      Approvals. This Agreement has been duly executed by such Credit Party and,
      when delivered in accordance with the terms hereof will constitute the
      valid and binding obligation of such Credit Party enforceable against such
      Credit Party in accordance with its terms except (i) as limited by general
      equitable principles and applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      enforcement of creditors' rights generally, (ii) as limited by laws
      relating to the availability of specific performance, injunctive relief or
      other equitable remedies and (iii) insofar as indemnification and
      contribution provisions may be limited by applicable law.

                                       5
<PAGE>

            (b) No Conflicts. The execution, delivery and performance of this
      Agreement by such Credit Party and the consummation by such Credit Party
      of the transactions contemplated hereby do not and will not: (i) conflict
      with or violate any provision of such Credit Party's certificate or
      articles of incorporation, bylaws or other organizational or charter
      documents, or (ii) conflict with, or constitute a default (or an event
      that with notice or lapse of time or both would become a default) under,
      result in the creation of any Lien (except as contemplated by the Security
      Documents) upon any of the properties or assets of such Credit Party, or
      give to others any rights of termination, amendment, acceleration or
      cancellation (with or without notice, lapse of time or both) of, any
      material agreement, credit facility, debt or other material instrument
      (evidencing Credit Party debt or otherwise) or other material
      understanding to which such Credit Party is a party or by which any
      property or asset of such Credit Party is bound or affected, or (iii)
      subject to the Required Approvals, conflict with or result in a violation
      of any law, rule, regulation, order, judgment, injunction, decree or other
      restriction of any court or governmental authority to which such Credit
      Party is subject (including federal and state securities laws and
      regulations), or by which any property or asset of such Credit Party is
      bound or affected; except in the case of each of clauses (ii) and (iii),
      such as could not have or reasonably be expected to result in a Material
      Adverse Effect.

            (c) Issuance of the Additional Debentures. The Additional Debentures
      are duly authorized and, upon the execution of this Agreement by a
      Purchaser, will be duly and validly issued, fully paid and nonassessable,
      free and clear of all Liens imposed by the Company other than restrictions
      on transfer provided for in the Transaction Documents. The Additional
      Underlying Shares, when issued in accordance with the terms of the
      Additional Debentures, will be validly issued, fully paid and
      nonassessable, free and clear of all Liens imposed by the Company. The
      Company has reserved from its duly authorized capital stock a number of
      shares of Common Stock for issuance of the Additional Underlying Shares at
      least equal to the Required Minimum on the date hereof.

            (d) Equal Consideration. Except as set forth in this Agreement, no
      consideration has been offered or paid to any person to amend or consent
      to a waiver, modification, forbearance or otherwise of any provision of
      any of the Transaction Documents.

            (e) Other Events of Default. As of the date of this Agreement, to
      the knowledge of the Company, no Event of Default other than the Existing
      Defaults exists.

      7. Representations and Warranties of the Purchasers. Each Purchaser
hereby, for itself and for no other Purchaser, represents and warrants as of the
date hereof to the Company as follows:

            i. Authority. The execution, delivery and performance by such
      Purchaser of the transactions contemplated by this Agreement have been
      duly authorized by all necessary corporate or similar action on the part
      of such Purchaser. This Agreement has been duly executed by such
      Purchaser, and when delivered by such Purchaser in accordance with the
      terms hereof, will constitute the valid and legally binding obligation of
      such Purchaser, enforceable against it in accordance with its terms,
      except (i) as limited by general equitable principles and applicable
      bankruptcy, insolvency, reorganization, moratorium and other laws of
      general application affecting enforcement of creditors' rights generally,
      (ii) as limited by laws relating to the availability of specific
      performance, injunctive relief or other equitable remedies and (iii)
      insofar as indemnification and contribution provisions may be limited by
      applicable law.

                                       6
<PAGE>

            ii. Own Account. Such Purchaser understands that the Additional
      Debentures are "restricted securities" and have not been registered under
      the Securities Act or any applicable state securities law and is acquiring
      the Additional Debenture as principal for its own account and not with a
      view to or for distributing or reselling such Additional Debentures or any
      part thereof in violation of the Securities Act or any applicable state
      securities law, has no present intention of distributing any of such
      Securities in violation of the Securities Act or any applicable state
      securities law and has no arrangement or understanding with any other
      persons regarding the distribution of such Additional Debentures (this
      representation and warranty not limiting such Purchaser's right to sell
      the Additional Underlying Shares pursuant to the Registration Statement or
      otherwise in compliance with applicable federal and state securities laws)
      in violation of the Securities Act or any applicable state securities law.
      Such Purchaser is acquiring the Additional Debentures hereunder in the
      ordinary course of its business. Such Purchaser does not have any
      agreement or understanding, directly or indirectly, with any Person to
      distribute any of the Additional Debentures or Additional Underlying
      Shares.

            iii. Purchaser Status. Such Purchaser is an "accredited investor" as
      defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the
      Securities Act. Such Purchaser is not required to be registered as a
      broker-dealer under Section 15 of the Exchange Act.

            iv. General Solicitation. Such Purchaser is not purchasing the
      Additional Debentures as a result of any advertisement, article, notice or
      other communication regarding the Additional Debentures published in any
      newspaper, magazine or similar media or broadcast over television or radio
      or presented at any seminar or any other general solicitation or general
      advertisement.

            v. Affirmation of Prior Representations and Warranties. Such
      Purchaser hereby represents and warrants to the Company that its
      representations and warranties listed in Section 3.2 of the Purchase
      Agreement are true and correct as of the date hereof.

      8. Delivery of Opinion. Concurrently herewith, the Company shall deliver
to the Purchasers an opinion of outside counsel regarding this Agreement and the
issuance of the Additional Debentures in form and substance reasonably
acceptable to the Purchasers.

      9. Public Disclosure. The Company shall, on or before the 4th Trading Day
following the date hereof, issue a Current Report on Form 8-K, reasonably
acceptable to the Purchasers, disclosing the material terms of the transactions
contemplated hereby, and shall attach this Agreement thereto. The Company shall
consult with the Purchasers in issuing any other press releases with respect to
the transactions contemplated hereby.

      10. Purchaser Acknowledgement. Each of the Purchasers hereby agrees and
acknowledges that notwithstanding anything to the contrary in any of the
Transaction Documents, the Company, without limitation and without notice to or
the consent of, the Purchasers, may sell, transfer or otherwise dispose of all
or any portion of the stock or assets of FS SunTours, Inc.

                                       7
<PAGE>

      11. Effect on Transaction Documents. Except as expressly set forth above,
all of the terms and conditions of the Transaction Documents shall continue in
full force and effect after the execution of this Agreement and shall not be in
any way changed, modified or superseded by the terms set forth herein, including
but not limited to, any other obligations the Company may have to the Purchasers
under the Transaction Documents. Notwithstanding the foregoing, this Agreement
shall be deemed for all purposes as an amendment to any Transaction Document as
required to serve the purposes hereof, and in the event of any conflict between
the terms and provisions of the Debentures, the Registration Rights Agreement or
any other Transaction Document, on the one hand, and the terms and provisions of
this Agreement, on the other hand, the terms and provisions of this Agreement
shall prevail.

      12. Release of all Claims. THE COMPANY (FOR ITSELF AND ITS AFFILIATES)
HEREBY UNCONDITIONALLY RELEASES AND FOREVER DISCHARGES EACH PURCHASER AND ITS
RESPECTIVE SUCCESSORS, ASSIGNS, AGENTS, DIRECTORS, OFFICERS, EMPLOYEES,
AFFILIATES, ACCOUNTANTS, CONSULTANTS, CONTRACTORS, ADVISORS AND ATTORNEYS
(COLLECTIVELY, THE "BENEFITED PARTIES") FROM ALL CLAIMS (AS DEFINED BELOW) FROM
THE BEGINNING OF TIME THROUGH THE DATE HEREOF. AS USED IN THIS AGREEMENT, THE
TERM "CLAIMS" MEANS ANY AND ALL POSSIBLE CLAIMS, DEMANDS, ACTIONS, CAUSES OF
ACTIONS, COSTS, EXPENSES AND LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, AT LAW OR
IN EQUITY, WHICH THE COMPANY, OR ANY OF ITS AGENTS, EMPLOYEES OR AFFILIATES MAY
HAVE AS OF THE DATE HEREOF, IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE OUT OF
CONTRACT, TORT, VIOLATION OF LAW OR OTHERWISE IN CONNECTION WITH ANY OF THE
TRANSACTION AGREEMENTS, INCLUDING ANY CONTRACTING FOR, CHARGING, TAKING,
RESERVING, COLLECTING OR RECEIVING INTEREST IN EXCESS OF THE MAXIMUM RATE ON
INTEREST CHARGEABLE UNDER APPLICABLE LAW AND ANY LOSS, COST OR DAMAGE, OF ANY
KIND OR CHARACTER, ARISING OUT OF OR IN ANY WAY CONNECTED WITH OR IN ANY WAY
RESULTING FROM THE ACTIONS OR OMISSIONS OF THE BENEFITED PARTIES, INCLUDING ANY
BREACH OF FIDUCIARY DUTY, BREACH OF ANY DUTY OF GOOD FAITH OR FAIR DEALING,
UNDUE INFLUENCE, DURESS, ECONOMIC COERCION, CONFLICT OF INTEREST, NEGLIGENCE,
BAD FAITH, MALPRACTICE, VIOLATIONS OF THE RACKETEER INFLUENCED AND CORRUPT
ORGANIZATIONS ACT, INTENTIONAL OR NEGLIGENT INFLICTION OF MENTAL DISTRESS,
TORTIOUS INTERFERENCE WITH CONTRACTUAL RELATIONS, TORTIOUS INTERFERENCE WITH
CORPORATE GOVERNANCE OR PROSPECTIVE BUSINESS ADVANTAGE, BREACH OF CONTRACT,
DECEPTIVE TRADE PRACTICES, LIBEL, SLANDER, CONSPIRACY OR ANY CLAIM FOR
WRONGFULLY ACCELERATING ANY OBLIGATIONS OR WRONGFULLY ATTEMPTING TO FORECLOSE ON
ANY COLLATERAL. THE COMPANY (FOR ITSELF AND ITS AFFILIATES) AGREES THAT NONE OF
THE BENEFITED PARTIES HAS FIDUCIARY OR SIMILAR OBLIGATIONS TO THE COMPANY OR ANY
AGENTS, EMPLOYEES OR AFFILIATES OF THE COMPANY AND THAT THEIR RELATIONSHIPS ARE
STRICTLY THAT OF CREDITOR AND DEBTOR. THIS RELEASE IS ACCEPTED BY PURCHASERS
PURSUANT TO THIS AGREEMENT AND SHALL NOT BE CONSTRUED AS AN ADMISSION OF
LIABILITY BY PURCHASERS OR ANY OTHER BENEFITED PARTY.

                                       8
<PAGE>

THE COMPANY (FOR ITSELF AND ITS AFFILIATES) ACKNOWLEDGES THAT THE FOREGOING
PROVISIONS ARE INTENDED TO, AND THE TRANSACTION AGREEMENTS CONTAIN PROVISIONS
WHICH, RELEASE PURCHASERS FROM LIABILITY AND/OR INDEMNIFY AND HOLD HARMLESS
PURCHASERS FOR, AMONG OTHER THINGS, THE ORDINARY NEGLIGENCE OF PURCHASERS. THE
COMPANY (FOR ITSELF AND ITS AFFILIATES) AGREES THAT THE RELEASE AND/OR INDEMNITY
PROVISIONS CONTAINED IN THESE DOCUMENTS ARE CAPTIONED TO CLEARLY IDENTIFY THE
RELEASE AND/OR INDEMNITY PROVISIONS AND, THEREFORE, ARE SO CONSPICUOUS THAT THE
COMPANY AND ITS AFFILIATES HAVE FAIR NOTICE OF THE EXISTENCE AND CONTENTS OF
SUCH PROVISIONS.

      13. Expenses. The Company agrees to pay to Purchasers upon demand any and
all reasonable out-of-pocket costs or expenses (including, without limitation,
reasonable legal fees and disbursements) incurred or sustained by Purchasers, in
connection with the preparation of this Agreement and related matters.

      14. Amendments and Waivers. The provisions of this Agreement, including
the provisions of this sentence, may not be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may not be
given, unless the same shall be in writing and signed by the Company and each
Purchaser.

      15. Notices. Any and all notices or other communications or deliveries
required or permitted to be provided hereunder shall be delivered as set forth
in the Purchase Agreement.

      16. Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the successors and permitted assigns of each of the parties
and shall inure to the benefit of each Purchaser. The Company may not assign
(except by merger) its rights or obligations hereunder without the prior written
consent of all of the Purchasers of the then-outstanding Securities. Each
Purchaser may assign their respective rights hereunder in the manner and to the
Persons as permitted under the Purchase Agreement.

      17. Execution and Counterparts. This Agreement may be executed in two or
more counterparts, all of which when taken together shall be considered one and
the same agreement and shall become effective when counterparts have been signed
by each party and delivered to the other party, it being understood that both
parties need not sign the same counterpart. In the event that any signature is
delivered by facsimile transmission or by e-mail delivery of a ".pdf" format
data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same
force and effect as if such facsimile or ".pdf" signature page were an original
thereof.

                                       9
<PAGE>

      18. Governing Law. All questions concerning the construction, validity,
enforcement and interpretation of this Agreement shall be determined in
accordance with the provisions of the Purchase Agreement.

      19. Severability. If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and
restrictions set forth herein shall remain in full force and effect and shall in
no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

      20. Headings. The headings in this Agreement are for convenience only, do
not constitute a part of the Agreement and shall not be deemed to limit or
affect any of the provisions hereof.

      21. Independent Nature of Holders' Obligations and Rights. The obligations
of each Purchaser hereunder are several and not joint with the obligations of
any other Purchasers hereunder, and no Purchaser shall be responsible in any way
for the performance of the obligations of any other Purchaser hereunder. Nothing
contained herein or in any other agreement or document delivered at any closing,
and no action taken by any Purchaser pursuant hereto, shall be deemed to
constitute the Purchasers as a partnership, an association, a joint venture or
any other kind of entity, or create a presumption that the Purchasers are in any
way acting in concert with respect to such obligations or the transactions
contemplated by this Agreement. Each Purchaser shall be entitled to protect and
enforce its rights, including without limitation the rights arising out of this
Agreement, and it shall not be necessary for any other Purchaser to be joined as
an additional party in any proceeding for such purpose.

                            [SIGNATURE PAGE FOLLOWS]

                                       10

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Waiver
Agreement and Amendment to Debenture to be duly executed by their respective
authorized signatories as of the date first indicated above.

ONETRAVEL HOLDINGS, INC.                     Address for Notice:
                                             -------------------

By:_____________________________             5775 Peachtree Dunwoody Road
     Name:  Marc E. Bercoon                  Building G, Suite 300
     Title:  President                       Atlanta, GA 30346
                                             Attn: President
                                             Fax #: (404) 943-1094
FAREQUEST HOLDINGS, INC.                     Address for Notice:
                                             -------------------

By:_____________________________             5775 Peachtree Dunwoody Road
     Name:  Marc E. Bercoon                  Building G, Suite 300
     Title:  President                       Atlanta, GA 30346
                                             Attn: President
                                             Fax #: (404) 943-1094
ONETRAVEL, INC.                              Address for Notice:
                                             -------------------

By:_____________________________             5775 Peachtree Dunwoody Road
     Name:  Marc E. Bercoon                  Building G, Suite 300
     Title:  President                       Atlanta, GA 30346
                                             Attn: President
                                             Fax #: (404) 943-1094

                   [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
                      SIGNATURE PAGE FOR PURCHASER FOLLOWS]

                                       11

<PAGE>

 [PURCHASER SIGNATURE PAGES TO OTV WAIVER AGREEMENT AND AMENDMENT TO DEBENTURE]

      IN WITNESS WHEREOF, the undersigned have caused this Forbearance Agreement
and Amendment to Debenture to be duly executed by their respective authorized
signatories as of the date first indicated above.

Name of Purchaser: ____________________________________________________________

Signature of Authorized Signatory of Purchaser: _______________________________

Name of Authorized Signatory: _________________________________________________

Title of Authorized Signatory: ________________________________________________

Email Address of Purchaser: ___________________________________________________

Address for Notice of Purchaser:

                           [SIGNATURE PAGES CONTINUE]

                                       12

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