[GRAPHIC] GALILEO PRODUCTIVITY INCENTIVES AGREEMENT (GLOBAL)

Exhibit 10.21

[GRAPHIC]

GALILEO
PRODUCTIVITY INCENTIVES
AGREEMENT (GLOBAL)

PARTIES

(A)                  GALILEO NEDERLAND BV (“Galileo”)

Registered Office      Neptunusstraat 35, 2132 JA Hoofddorp, the Netherlands
(“Galileo”).

B)                      Subscriber’s Official Name ebookers Limited (“Subscriber”)

Head Office address 25 Farringdon Street, London, EC4A 4AB

Telephone No. 0207 ###-###-####          Fax No.                                  

Business Type x Private Limited Liability Company or Public Limited Company

o                      Partnership    o Sole Trader

o                      Other (please describe)                                     

Company Registration No. 03818962
VAT No.                                        

“Effective Date” means the 13 day of June 2005 and “Term” shall mean the period of 3 years from the Effective Date or in the event all Subscriber Agreements terminate prior to the 3 years, then this Agreement will terminate on the date the last Subscriber Agreement is terminated.

This Agreement shall come into effect on the Effective Date.

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1         ADDITIONAL DEFINITIONS

The following additional definitions will have the meaning provided for each. All other definitions (unless expressed to be otherwise) shall have the meanings shown in Section B of the Subscriber Agreements (as defined below):

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2         CONTRIBUTION

2.1                    Subject to this clause Galileo will pay Subscriber up to (***) (“Contribution”) for the migration of (***)% of the current air and hotel Segments of Subscriber to the Galileo GDS, with said migration to be complete by 30 August 2005 (“Migration Target”) with the exception of the following:

2.1.1                        Mr Jet Stockholm in relation to online bookings for which the migration target will be 1 January 2006;

2.1.2                        Mr Jet Copenhagen in relation to on-line bookings for which the migration target will be 1 January 2006;

2.1.3                        Mr Jet Stockholm Airways in relation to on-line bookings for which the migration target will be 1 January 2006;

2.1.4                        Mr Jet Stockholm Business in relation to on-line bookings for which the migration target will be 1 January 2006.

2.2                    (***)

3         PRODUCTIVITY INCENTIVES SCHEME

3.1                    From the Effective Date and for the duration of this Agreement (subject to earlier termination or variation as set out in this Agreement), Galileo shall pay the Subscriber the amounts set out below for each Segment regardless of which country is responsible for the making of the booking, as set out in Table 1.1. of Schedule 1 (“Table 1.1”). In respect of the Segments booked under the all Subscriber Agreements, the Productivity Incentive payment will be paid in US $.

3.2                    The Productivity Incentives paid are based on the total number of Segments booked during the Term of this Agreement.

3.3                    Galileo shall not pay the Subscriber any Productivity Incentives for any Segments booked by a method other than those shown in Column 1 of Table 1.1 and for the avoidance of doubt no Productivity Incentives will be paid for passive Segments.

3.4                    For the avoidance of doubt, and unless otherwise agreed in writing by Galileo, Galileo shall not pay the Subscriber any Productivity Incentives for any Leisureshopper, Domestic Rail, Eurostar or ferry bookings made by the Subscriber.

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3.5                    The per Segment payment rates payable by Galileo to the Subscriber shown in Columns 3 and 4 of Table 1.1 shall be paid in accordance with Clause 4 below.

3.6                    On a yearly basis (a year meaning the anniversary of the Effective Date and each subsequent anniversary), Galileo will calculate the total number of Segments transacted by the Subscriber during that year (the “Annual Review Period”) and will inform the Subscriber of the same in writing.

3.7                    If at the expiry of this Agreement the Subscriber has failed to meet the Segment Target, or should this Agreement terminate in advance of the Term for any other reason (save for termination due to Galileo’s breach, and subject then to the relevant clauses of the Subscriber Agreements), the Subscriber shall either repay to Galileo the following amounts or enter into a new Subscriber Agreement (at the Subscriber’s own option):

(a)                    A proportion of the Contribution on a pro rated basis. This will be equal to the Contribution multiplied by the percentage of the Segment Target not achieved, plus interest at the rate of two (2) percentage points above the 3 month Barclays Bank PLC base rate from the date the Contribution was made;

(b)                   Deinstallation costs for all equipment and lines;

(c)                    Equipment refurbishment in the event that any of the equipment is damaged beyond fair wear and tear.

(d)                   Any other sums due pursuant to the Subscriber Agreements

All such sums to be referred to jointly as “the Shortfall Payment”. Such amounts shall be paid to Galileo within 30 days following invoicing by Galileo.

3.8                    The Subscriber acknowledges and agrees that the Shortfall Payment is a fair and reasonable amount taking into account, but not limited to, such factors as the Subscriber’s agreement on the Segment Target at the start of this Agreement; the Contribution paid, the level of Productivity Incentive payment payable to the Subscriber over the projected life of this Agreement and the Subscriber Agreements, and the cost to Galileo in providing the services outlined in the Subscriber Agreements.

3.9                    The number of Passive Segments booked through the Galileo System by the Subscriber must not exceed (***)% of the overall Segments booked in any year (a year having the meaning given in section 3.5 above). If the number of Passive Segments booked by the Subscriber does exceed this amount, those excess Passive Segments shall not count towards the Segment Target.

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3.10              Galileo reserves the right to introduce at any time, a charge for the booking of Passive Segments. Galileo shall give the Subscriber at least 60 days written notice prior to the introduction of such charge.

4                            PAYMENT OF PRODUCTIVITY INCENTIVES AND THE REBATE SYSTEM OF PAYMENT

4.1                    At the end of each calendar month:

(a)                    Galileo shall calculate the number of Segments booked and ticketed by the Subscriber for that month and shall send the Subscriber a statement showing the number of Segments booked and ticketed by the Subscriber in the preceding month, which qualify for payment of a Productivity Incentive; and

(b)                   the Subscriber shall upon receiving such statement, invoice Galileo for the same, where all invoices will be specifically made for the attention of Galileo International Limited in respect of statements applicable to the UK (and to each local Galileo entity in respect of countries other than the UK) at the address shown under the contact section at the start of this Agreement and such invoice shall include the Subscriber’s VAT number and any other information which Galileo may reasonably require in order to facilitate payment to the Subscriber.

4.2                    From the Effective Date (or such date as may be agreed in writing between the parties), payment of Productivity Incentives shall be calculated by multiplying the actual number of Segments transacted by the Subscriber by the appropriate rates for each, as set out in Columns 3 or 4 of Table 1.1.

4.3                    Galileo shall have the right to set-off against and deduct from any Productivity Incentives, any amounts due by the Subscriber to Galileo pursuant to any part of this Agreement.

5                            SUSPENSION AND/OR TERMINATION OF THE PRODUCTIVITY INCENTIVES SCHEME

Without prejudice to any other rights Galileo may have under this Agreement, Galileo shall have the right to suspend payment under the Productivity Incentives Scheme on giving 7 days prior written notice to the Subscriber if Galileo has reasonable grounds for believing that the Subscriber is in breach of any clause in the Subscriber Agreements prohibiting the Subscriber making fictitious bookings.

5.1                    If the Subscriber has not ceased the actions referred to in Clause 5.1 above, or has failed to reimburse Galileo for any reasonable loss(es) incurred as a result of such actions within 30 days of Galileo first providing written notice of its intention to

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suspend the Productivity Incentives Scheme, Galileo shall have the right to terminate all payments under the Productivity Incentives Scheme and Galileo shall not be in breach of its obligations under this Agreement in doing so.

5.2                    Any disputes arising under this Clause 5 shall be referred under the dispute resolution procedure set out in the Subscriber Agreements.

6                            VARIATION OF THE PRODUCTIVITY INCENTIVES SCHEME

6.1                    Galileo may amend any provision of this Productivity Incentive Scheme forthwith on prior written notice to the Subscriber in order to comply with any change in legislation or change in interpretation of legislation affecting this Agreement.

6.2                    In the event of any change to the fees paid to Galileo’s parent company, Galileo International Inc., by its airline Vendors (the “Participation Fee”), which would result in an annualised average booking fee revenue decrease or increase to Galileo International Inc, of (***)% or more (a “Fee Change”), Galileo and the Subscriber will use their best endeavours to negotiate appropriate modifications to the terms of this Agreement and more particularly, the payment provisions under the Productivity Incentives Scheme.

6.3                    In the event of a Fee Change, Galileo will notify the Subscriber of the Fee Change and the effective date of the Fee Change (the “Fee Change Effective Date”), and both parties shall, within 90 days of the date of Galileo’s notice, execute an amendment to this Agreement evidencing the modifications. Galileo and the Subscriber acknowledge that the modifications to the Productivity Incentives Scheme shall become effective as of the Fee Change Effective Date, unless otherwise mutually agreed upon in writing.

6.4                    Galileo may suspend the payment of all Productivity Incentives under this Agreement and the Subscriber may suspend its payment of any Charges from the Fee Change Effective Date until the effective date of the aforementioned amendment or expiration of the 90 day notice period, whichever occurs first. If Galileo and the Subscriber are unable to reach agreement within such 90 day period, then:

(a)                    commencing on the Fee Change Effective Date and continuing thereafter for the duration of this Agreement, Galileo may reduce the Productivity Incentives pursuant to the Fee Change; or

(b)                   either party may terminate this Agreement for convenience and neither party will be further obligated hereunder, except that:

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(i)                        Galileo will pay the Subscriber any Productivity Incentives that were suspended, pursuant to the Fee Change;

(ii)                     the Subscriber will pay any Charges that accrued prior to the termination, including those due under Clause 32.1 and any shortfall in Segments for the then current Annual Review Period, based on annualised accounting of the Segments transacted by the Subscriber during such partial Annual Review Period; and

(iii)                  the subscriber will pay back a proportion of the Contribution. This will be equal to the Contribution multiplied by the percentage of the Segment Target not achieved, plus interest at the rate of two (2) percentage points above the 3 month Barclays Bank PLC base rate from the date the Contribution was made;

(iv)                 the subscriber will pay back to Galileo other amounts as detailed in clause 3.7

6.5                    Notwithstanding the terms of the preceding clauses, Galileo may, at any time prior to execution of an amendment as contemplated in Clause 3.3 above, or termination of this Agreement as described in Clause 3.4 above, withdraw its request to negotiate the terms of this Agreement, in which case all terms of this Agreement shall remain in full force and effect.

6.6                    All payments due under this Clause 3 shall be made within 30 days of the termination of the Agreement.

7                            DISPUTES REGARDING THE PRODUCTIVITY INCENTIVE SCHEME

Without prejudice to the provisions of the dispute resolution clauses in the Subscriber Agreements, in order to substantiate any Productivity Incentive claim based on any discrepancy between Galileo’s and the Subscriber’s calculations, the Subscriber must be able to provide to Galileo, promptly on demand, its records (electronic or otherwise) of all Segments in respect of which it is claiming such Incentive Payments, together with the total number of Segments made.

8                            OPT IN

8.1                    Galileo reserves the right to require the Subscriber to pay Galileo a proportion of the Productivity Incentive in respect of Segments for those air Vendors with which Galileo has an agreement in respect of certain fares. In such instances once the Subscriber has opted in, the Subscriber shall not be required to pay any CRS

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surcharge that may be implemented by an airline for making flight bookings on Segments for the relevant air Vendors.

9                            INSTALLATION CHARGES

9.1                    Galileo reserves the right to charge the Subscriber installation charges for the installation of the Equipment in the event that the third party responsible for installing the Equipment charges Galileo for the same. Any such installation charges will not exceed by amount charged to Galileo by the third party.

10.                  TRANSACTION FEES

10.1              During the Term, Galileo shall monitor and count the Transactions made by Subscribers in the Territories for each calendar month.

10.2              (***)

10.3              (***)

10.4              (***)

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(c)                    changes to the cost to Galileo of handling excess Transactions.

10.5              If either Parry gives a notice under Clause 5 above, Galileo shall provide Subscriber the information reasonably necessary to allow it to assess the matters specified in the termination provisions contained in the Subscriber Agreements.

10.6              Galileo and/or any Galileo Group Company shall use its reasonable endeavours where practicable, to share with Subscriber any development, enhanced technology, new product or service, the effect of which would be the reduction in the number of Transactions made by Subscriber. Galileo (and/or any Galileo Group Company) shall be entitled to charge Subscriber for this technology at its then market rate.

IN WITNESS of which the parties or their authorised representatives have signed this Agreement on the date set out above:

Signed on behalf of ebookers Limited

Name:   Mark Meehan

Signature:   /s/ Mark Meehan

Position:   Vice President Ops

Date:  28.7.05

Signed on behalf of Galileo Nederland BV

Name:   Marco van Ieperen

Signature:   /s/ Marco van Ieperen

Position:   Director

Date:  05.08.2005

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SCHEDULE 1

1.____ Segment Payments

Table 1.1

2.____ Location address

Sweden

Denmark

Corporate Team UK Farringdon

Sports Team UK Farringdon

Switzerland

Italy

Cafe Voyages 3rd party ticket fulfilment for on-line

Norway Oslo

Norway Rail

Germany

France

France CMS 3rd party call centre fulfilment

Spain

Spain Dimensions

Ireland Dublin

Ireland Dawson St

Ireland IRB

Mr Jet Stockholm

Mr Jet Copenhagen

Mr Jet Stockholm Airways

Mr Jet Stockholm Business

Sweden

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Skyways 3rd party fulfillment,

Amsterdam

Finland

Camden Ebookers

Camden BTW

Ebookers Farringdon

LHR Interline Ebookers

LHR Ebookers

LGW Ebookers

TRX Berlin 3rd party fulfillment call centre for Switzerland

TRX Crawley 3rd party ticket fulfillment (issuance) for UK ebookers

TRX Florida 3rd party call centre fulfillment for UK ebookers

Alton Omega TravelBag

Stoodleys TravelBag

Winchester TravelBag

Strand TravelBag

Tunbridge Wells TravelBag

Cheltenham TravelBag

Soliholl TravelBag

Notingham TravelBag

Knutsford TravelBag

Tecnovate owned ticket prime for UK and Europe

3.        Software Products

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4.        Rented Equipment

5.        Purchased Equipment

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17

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