Amendment to Second Letter of Amendment to Master Services Agreement between Expedia, Inc. and TRX, Inc.
This amendment, effective June 1, 2010, is between Expedia, Inc. and TRX, Inc. It modifies the Second Letter of Amendment to their Master Services Agreement. The key change is that the pricing and exclusivity terms will automatically renew for 2011 unless either party gives written notice of non-renewal by August 1, 2010. If notice is given, previous pricing terms will apply in 2011. The amendment also updates the pricing exhibit. Both parties have signed to acknowledge their agreement.
Exhibit 10.1
June 7, 2010
David Cathcart Chief Financial Officer TRX, Inc. 2970 Clairmont Road Suite 300 Atlanta, GA 30329 | ![]() |
Re: Amendment to Second Letter of Amendment
Dear David:
The purpose of this letter is to amend the Second Letter of Amendment dated December 23, 2010. Effective June 1, 2010, Expedia and TRX now agree to amend the Second Letter of Amendment as follows:
Section 3 is hereby deleted and replaced with the following:
3) Renewal of Pricing and Exclusivity for 2011. The pricing and exclusivity terms set forth in Section 1 and Section 2 of this Second Letter of Amendment will automatically be extended for calendar year 2011 unless either Party gives the other Party written notice of non-renewal of such terms on or before August 1, 2010. If such notice is given, Section 1 and Section 2 will cease to apply, effective December 31, 2010, and the pricing terms under the Agreement (and associated SOWs) that were in place prior to this Second Letter of Amendment will apply in calendar year 2011.
Exhibit 1 (Modified Pricing for Common Services) is hereby amended to include the following:
Note: all pricing included in this Exhibit 1 applies only to * processes performed *.
*
Please acknowledge your agreement to the foregoing by signing in the space provided below and returning a signed copy to me as soon as possible. If you do not agree with any of the foregoing, please contact me as soon as possible so that we can determine how best to proceed.
Yours truly, |
Expedia, Inc. |
/s/ Kerri Landeis |
Kerri Landeis |
Vice President, Global Supply Operations |
Acknowledged and Agreed:
TRX, Inc. | ||
By: | /s/ David D. Cathcart |
Title: | Chief Financial Officer |
Date Signed: | 15 June 2010 |
* confidential treatment requested