<SUBMISSION>
<ACCESSION-NUMBER>0000898822-06-001542
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20061221
<ITEMS>1.01
<ITEMS>9.01
<FILING-DATE>20061227
<DATE-OF-FILING-DATE-CHANGE>20061227
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>Expedia, Inc.
<CIK>0001324424
<ASSIGNED-SIC>4700
<IRS-NUMBER>202705720
<FISCAL-YEAR-END>1205
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-51447
<FILM-NUMBER>061300984
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3150 139TH AVENUE SE
<CITY>BELLEVUE
<STATE>WA
<ZIP>98005
<PHONE>(425)679-7200
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3150 139TH AVENUE SE
<CITY>BELLEVUE
<STATE>WA
<ZIP>98005
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>coverpage.htm
<TEXT>

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     <TD align=center width="100%"><FONT face=serif>UNITED STATES</FONT> </TD></TR>
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     <TD noWrap align=center width="100%"><FONT face=serif>SECURITIES AND EXCHANGE COMMISSION</FONT> </TD></TR>
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     <TD align=center width="100%"><FONT face=serif>Washington, D.C. 20549</FONT> </TD></TR></TABLE></DIV><BR>
<P align=center><FONT face=serif>Form 8-K </FONT></P>
<DIV align=center>
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     <TD align=center width="100%"><FONT face=serif>CURRENT REPORT</FONT> </TD></TR>
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     <TD noWrap align=center width="100%"><FONT face=serif>Pursuant to Section 13&nbsp;or 15(d) of the</FONT> </TD></TR>
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     <TD noWrap align=center width="100%"><FONT face=serif>Securities Exchange Act of 1934</FONT> </TD></TR></TABLE></DIV><BR>
<P align=center><FONT face=serif>Date of report (Date of earliest event reported): December 21, 2006 </FONT></P>
<P align=center>______________________________________________</P>
<DIV align=center>
<TABLE cellSpacing=1 cellPadding=0 border=0>
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     <TD align=center width="100%"><B><FONT face=serif>Expedia, Inc.</FONT></B> </TD></TR>
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     <TD noWrap align=center width="100%"><FONT face=serif>(Exact Name of Registrant as Specified in Charter)</FONT> </TD></TR></TABLE></DIV>
<DIV align=center>______________________________________________</DIV>
<DIV align=center>&nbsp;</DIV><BR>
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     <TD noWrap align=left width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>Delaware</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="20%"><FONT face=serif>000-51447</FONT> </TD>
     <TD width="15%">&nbsp; </TD>
     <TD noWrap align=center width="17%"><FONT face=serif>20-2705720</FONT> </TD></TR>
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     <TD noWrap align=left width="25%"><FONT face=serif>(State or Other Jurisdiction</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="20%"><FONT face=serif>(Commission</FONT> </TD>
     <TD width="15%">&nbsp; </TD>
     <TD noWrap align=left width="17%"><FONT face=serif>(I.R.S. Employer</FONT> </TD></TR>
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     <TD noWrap align=left width="25%"><FONT face=serif>of Incorporation)</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="20%"><FONT face=serif>File Number)</FONT> </TD>
     <TD width="15%">&nbsp; </TD>
     <TD noWrap align=left width="17%"><FONT face=serif>Identification No.)</FONT> </TD></TR></TABLE></DIV><BR>
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     <TD noWrap align=left width="44%"><FONT face=serif>3150 139th Avenue S.E., Bellevue, Washington</FONT> </TD>
     <TD width="39%">&nbsp; </TD>
     <TD noWrap align=center width="16%"><FONT face=serif>98005</FONT> </TD></TR>
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     <TD noWrap align=left width="44%"><FONT face=serif>(Address of Principal Executive Offices)</FONT> </TD>
     <TD width="39%">&nbsp; </TD>
     <TD noWrap align=center width="16%"><FONT face=serif>(Zip Code)</FONT> </TD></TR></TABLE></DIV><BR>
<DIV align=left>
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     <TD noWrap align=left width="19%" background="">&nbsp;</TD>
     <TD noWrap align=left width="46%"><FONT face=serif>Registrant's telephone number, including area code:</FONT> </TD>
     <TD width="1%">&nbsp; </TD>
     <TD noWrap align=left width="33%"><FONT face=serif>(425) 679-7200</FONT> </TD></TR>
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     <TD width="19%" background="">&nbsp;</TD>
     <TD width="80%" colSpan=3>&nbsp; </TD></TR>
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     <TD noWrap align=left width="19%" background=""></TD>
     <TD noWrap align=left width="80%" colSpan=3><FONT face=serif>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the</FONT> </TD></TR>
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     <TD noWrap align=left width="19%" background=""></TD>
     <TD noWrap align=left width="80%" colSpan=3><FONT face=serif>filing obligation of the registrant under any of the following provisions:</FONT> </TD></TR>
<TR>
     <TD width="19%" background="">&nbsp;</TD>
     <TD width="80%" colSpan=3>&nbsp; </TD></TR>
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     <TD noWrap align=left width="19%" background="">&nbsp;</TD>
     <TD noWrap align=left width="80%" colSpan=3><FONT face=serif>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT> </TD></TR>
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     <TD noWrap align=left width="19%" background=""></TD>
     <TD noWrap align=left width="80%" colSpan=3><FONT face=serif>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT> </TD></TR>
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     <TD noWrap align=left width="19%" background="">&nbsp;</TD>
     <TD noWrap align=left width="80%" colSpan=3><FONT face=serif>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17</FONT> </TD></TR>
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     <TD noWrap align=left width="19%" background="">&nbsp;</TD>
     <TD noWrap align=left width="46%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif>CFR 240.14d-2(b))</FONT> </TD>
     <TD width="1%">&nbsp; </TD>
     <TD noWrap align=left width="33%">&nbsp; </TD></TR>
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     <TD noWrap align=left width="19%" background=""></TD>
     <TD noWrap align=left width="80%" colSpan=3><FONT face=serif>[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17</FONT> </TD></TR>
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     <TD noWrap align=left width="19%" background=""></TD>
     <TD noWrap align=left width="46%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif>CFR 240.13e-4(c))</FONT> </TD>
     <TD width="1%">&nbsp; </TD>
     <TD noWrap align=left width="33%">&nbsp; </TD></TR></TABLE></DIV><BR>
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     <TD noWrap align=left width="14%"><B><FONT face=serif>Item 1.01.</FONT></B></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="83%"><B><FONT face=serif>Entry into a Material Definitive Agreement.</FONT></B></TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2><FONT size=3>On December 21, 2006, effective as of December 18, 2006, Expedia, Inc. entered into a Second Amendment (the &#147;Second Amendment&#148;) to the <FONT face=serif>Credit Agreement, dated as of July 8, 2005, among Expedia, Inc., a Delaware corporation, Expedia, Inc., a Washington corporation, Travelscape, Inc., a Nevada corporation, Hotels.com, a Delaware corporation, and Hotwire, Inc., a Delaware corporation, as Borrowers; the Lenders party thereto; Bank of America, N.A., as Syndication Agent; Wachovia Bank, N.A. and The Royal Bank of Scotland PLC, as Co-Documentation Agents; JPMorgan Chase Bank, N.A., as Administrative Agent; and J.P. Morgan Europe Limited, as London Agent</FONT>, as amended as of December 7, 2006, providing for a reduced consolidated net worth requirement.</FONT></FONT><FONT face=serif size=2><FONT size=4><FONT size=3></FONT></FONT></FONT></P>
<P align=left><FONT face=serif>The foregoing summary is qualified in its entirety by reference to the Second Amendment, which is filed as Exhibit 10.1 to this report and incorporated herein by reference.</FONT></P>
<P align=left><B><FONT face=serif>Item 9.01.</FONT></B><FONT face=serif></FONT> <B><FONT face=serif>Financial Statements and Exhibits.</FONT></B><FONT face=serif></FONT></P>
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     <TD noWrap align=left width="5%"><FONT face=serif>(d)</FONT></TD>
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     <TD noWrap align=left width="93%"><U><FONT face=serif>Exhibits</FONT></U></TD></TR>
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     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
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     <TD noWrap align=left width="5%"><FONT face=serif>10.1</FONT></TD>
     <TD width="1%">&nbsp;</TD>
     <TD noWrap align=left width="93%"><FONT face=serif>Second Amendment, dated as of December 18, 2006, to the Credit Agreement dated as of</FONT></TD></TR>
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     <TD noWrap align=left width="5%">&nbsp;</TD>
     <TD width="1%">&nbsp;</TD>
     <TD noWrap align=left width="93%"><FONT face=serif>July 8, 2005, among Expedia, Inc., a Delaware corporation; Expedia, Inc., a Washington</FONT></TD></TR>
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     <TD noWrap align=left width="5%">&nbsp;</TD>
     <TD width="1%">&nbsp;</TD>
     <TD noWrap align=left width="93%"><FONT face=serif>corporation; Travelscape LLC, a Nevada limited liability company (successor to</FONT></TD></TR>
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     <TD noWrap align=left width="5%">&nbsp;</TD>
     <TD width="1%">&nbsp;</TD>
     <TD noWrap align=left width="93%"><FONT face=serif>Travelscape, Inc., a Nevada corporation); Hotels.com, a Delaware corporation; Hotwire,</FONT></TD></TR>
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     <TD noWrap align=left width="5%">&nbsp;</TD>
     <TD width="1%">&nbsp;</TD>
     <TD noWrap align=left width="93%"><FONT face=serif>Inc., a Delaware corporation; the other Borrowing Subsidiaries from time to time party</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp;</TD>
     <TD width="1%">&nbsp;</TD>
     <TD noWrap align=left width="93%"><FONT face=serif>thereto; the Lenders from time to time party thereto; JPMorgan Chase Bank, N.A., as</FONT></TD></TR>
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     <TD noWrap align=left width="5%">&nbsp;</TD>
     <TD width="1%">&nbsp;</TD>
     <TD noWrap align=left width="93%"><FONT face=serif>Administrative Agent; and J.P. Morgan Europe Limited, as London Agent</FONT></TD></TR></TABLE><BR>
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<P align=center><B><FONT face=serif>SIGNATURES</FONT></B> <FONT face=sans-serif></FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</FONT></P>
<P align=left><FONT face=serif>Date: December 27, 2006</FONT><FONT face=sans-serif></FONT></P>
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     <TD noWrap align=left width="100%"><FONT face=serif>EXPEDIA, INC.</FONT></TD></TR>
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     <TD width="100%">&nbsp;</TD></TR>
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     <TD noWrap align=left width="100%"><FONT face=serif>&nbsp;</FONT></TD></TR>
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     <TD noWrap align=left width="100%"><FONT face=serif>By:</FONT>&nbsp; <U>/s/ Burke F. Norton&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
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     <TD noWrap align=left width="100%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif>Name:</FONT> Burke F. Norton</TD></TR>
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     <TD noWrap align=left width="100%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif>Title:</FONT>&nbsp;&nbsp;&nbsp; Executive Vice President,&nbsp;</TD></TR>
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     <TD noWrap align=left width="100%" background="">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; General Counsel and Secretary</TD></TR></TABLE></DIV><BR>
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<P align=center><B><FONT face=serif>EXHIBIT INDEX</FONT></B><FONT face=serif> </FONT></P>
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     <TD noWrap align=left width="5%"><FONT face=serif>10.1</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%"><FONT face=serif>Second Amendment, dated as of December 18, 2006, to the Credit Agreement dated as of</FONT> </TD></TR>
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     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%"><FONT face=serif>July 8, 2005, among Expedia, Inc., a Delaware corporation; Expedia, Inc., a Washington</FONT> </TD></TR>
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     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%"><FONT face=serif>corporation; Travelscape LLC, a Nevada limited liability company (successor to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%"><FONT face=serif>Travelscape, Inc., a Nevada corporation); Hotels.com, a Delaware corporation; Hotwire,</FONT> </TD></TR>
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     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%"><FONT face=serif>Inc., a Delaware corporation; the other Borrowing Subsidiaries from time to time party</FONT> </TD></TR>
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     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%"><FONT face=serif>thereto; the Lenders from time to time party thereto; JPMorgan Chase Bank, N.A., as</FONT> </TD></TR>
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     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%"><FONT face=serif>Administrative Agent; and J.P. Morgan Europe Limited, as London Agent</FONT> </TD></TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101.htm
<DESCRIPTION>SECOND AMENDMENT TO THE CREDIT AGREEMENT
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<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>SECOND AMENDMENT, dated as of December 18, 2006 (this &#147;</FONT><U><FONT face=serif>Amendment</FONT></U><FONT face=serif>&#148;), to the CREDIT AGREEMENT dated as of July 8, 2005, as amended by the First Amendment dated as of December 7, 2006 (as further amended, restated, supplemented or otherwise modified from time to time, the &#147;</FONT><U><FONT face=serif>Credit Agreement</FONT></U><FONT face=serif>&#148;), among EXPEDIA, INC., a Delaware corporation; EXPEDIA, INC., a Washington corporation; TRAVELSCAPE, LLC, a Nevada limited liability company (successor to TRAVELSCAPE, INC., a Nevada corporation); HOTELS.COM, a Delaware corporation; HOTWIRE, INC., a Delaware corporation; the other Borrowing Subsidiaries from time to time party thereto; the Lenders from time to time party thereto; JPMORGAN CHASE BANK, N.A., as Administrative Agent; and J.P. Morgan Europe Limited, as London Agent. </FONT></P>
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<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>WHEREAS, the Lenders have agreed to extend credit to the Borrowers under the Credit Agreement on the terms and subject to the conditions set forth therein; and </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>WHEREAS, the Company has requested that the Lenders amend certain provisions of the Credit Agreement and the Lenders under the Credit Agreement whose signatures appear below, constituting at least the Required Lenders, are willing to amend the Credit Agreement on the terms and subject to the conditions set forth herein; </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto hereby agree as follows: </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>SECTION 1.</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif>Defined Terms</FONT></U><FONT face=serif>. Capitalized terms used but not otherwise defined herein (including in the preamble hereto) have the meanings assigned to them in the Credit Agreement. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>SECTION 2.</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif>Amendment of Section 6.11</FONT></U><FONT face=serif>. Section 6.11 of the Credit Agreement is hereby amended in its entirety to read as follows: </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif>&#147;SECTION 6.11. </FONT><U><FONT face=serif>Consolidated Net Worth</FONT></U><FONT face=serif>. The Company will not at any time permit Consolidated Net Worth to be less than the sum at such time of (a) US$4,500,000,000 and (b) commencing with the fiscal quarter beginning on January 1, 2007, 50% of the Company&#146;s Consolidated Net Income for each fiscal quarter of the Company for which Consolidated Net Income is positive and for which financial statements shall have been delivered under Section 5.01(a) or (b).&#148; </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>SECTION 3.</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif>Representations, Warranties and Agreements</FONT></U><FONT face=serif>. The Company, as to itself and each of the Subsidiaries, hereby represents and warrants to and agrees with each Lender and the Agents that: </FONT></P>
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<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>(a)</FONT><FONT face=sans-serif> </FONT><FONT face=serif>The representations and warranties set forth in Article III of the Credit Agreement, as amended hereby, are true and correct in all material respects on and as of the Amendment Effective Date (as defined below) and after giving effect to this Amendment, with the same effect as if made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case they were true and correct as of such earlier date. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>(b)</FONT><FONT face=sans-serif> </FONT><FONT face=serif>As of the Amendment Effective Date, after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>SECTION 4.</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif>Effectiveness</FONT></U><FONT face=serif>. This Amendment shall become effective as of the date (the &#147;</FONT><U><FONT face=serif>Amendment Effective Date</FONT></U><FONT face=serif>&#148;) on which the Administrative Agent shall have received duly executed counterparts hereof that, when taken together, bear the authorized signatures of the Company and Lenders constituting at least the Required Lenders. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>SECTION 5.</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif>Credit Agreement</FONT></U><FONT face=serif>. Except as specifically stated herein, the Credit Agreement shall continue in full force and effect in accordance with the provisions thereof. As used therein, the terms &#147;Agreement&#148;, &#147;herein&#148;, &#147;hereunder&#148;, &#147;hereto&#148;, &#147;hereof&#148; and words of similar import shall, unless the context otherwise requires, refer to the Credit Agreement as modified hereby. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif>SECTION 6.</FONT></B><B><FONT face=sans-serif> </FONT></B><B><U><FONT face=serif>Applicable Law</FONT></U></B><B><FONT face=serif>. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. </FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>SECTION 7.</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif>Counterparts</FONT></U><FONT face=serif>. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which, when taken together, shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopy shall be effective as delivery of a manually executed counterpart hereof. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>SECTION 8.</FONT><FONT face=sans-serif> </FONT><U><FONT face=serif>Expenses</FONT></U><FONT face=serif>. The Company agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Amendment, including the reasonable fees, charges and disbursements of Cravath, Swaine &amp; Moore LLP, counsel for the Administrative Agent.</FONT></P>
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<P align=left><FONT face=serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed by their respective authorized officers as of the date first above written.</FONT></P>
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     <TD noWrap align=left width="100%"><FONT face=serif>EXPEDIA, INC., a Delaware corporation,</FONT></TD></TR>
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     <TD width="100%">&nbsp;</TD></TR>
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     <TD noWrap align=left width="100%"><FONT face=serif>by: <U>/s/ Bret Myers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</U></FONT></TD></TR>
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     <TD noWrap align=left width="100%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif>Name: Bret Myers</FONT></TD></TR>
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     <TD noWrap align=left width="100%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif>Title: Vice President and Treasurer</FONT></TD></TR>
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     <TD width="100%">&nbsp;</TD></TR>
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     <TD noWrap align=left width="100%"><FONT face=serif>JPMORGAN CHASE BANK, N.A., individually</FONT></TD></TR>
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     <TD noWrap align=left width="100%"><FONT face=serif>and as Administrative Agent,</FONT></TD></TR>
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     <TD width="100%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%"><FONT face=serif>by: <U>/s/ Peter B. Thauer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif>Name: Peter B. Thauer</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif>Title: Vice President</FONT></TD></TR></TABLE></DIV><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_4"></A>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%"><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></TD></TR>
<TR>
     <TD width="100%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%"><FONT face=serif>Name of Institution:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%"><FONT face=serif>Fifth Third Bank</FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif><U>/s/ Gary S. Losey&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Name: Gary S. Losey</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Title: Vice President</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%">_______________________<FONT face=serif size=1>1</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Name:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Title:</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=1>1</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>For any institution requiring a second signature line.</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_5"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Name of Institution:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Wachovia Bank, N.A.</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="14%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="83%"><FONT face=serif><U>/s/ Scott Suddreth&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="14%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="83%"><FONT face=serif>Name: Scott Suddreth</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="14%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="83%"><FONT face=serif>Title: Vice President</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_6"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Name of Institution:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>The Royal Bank of Scotland, plc</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="11%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="86%"><FONT face=serif><U>/s/ William McGinty&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="11%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="86%"><FONT face=serif>Name: William McGinty</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="11%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="86%"><FONT face=serif>Title: Senior Vice President</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_7"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Name of Institution:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Bank of America, N.A.</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif><U>/s/ John Margetanski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Name: John Margetanski</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Title: Vice President</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=1><FONT size=3><FONT face=serif size=1><FONT size=3>____________________</FONT></FONT></FONT>1</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Name:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Title:</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=1>1</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>For any institution requiring a second signature line.</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_8"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Name of Institution:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>U.S. BANK NATIONAL ASSOCIATION</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="9%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="88%"><FONT face=serif><U>/s/ Kurban H. Merchant&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="9%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="88%"><FONT face=serif>Name: Kurban H. Merchant</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="9%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="88%"><FONT face=serif>Title: Vice President</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_9"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%" colSpan=3><FONT face=serif>Name of Institution:</FONT></TD>
     <TD noWrap align=left width="35%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%" colSpan=3><FONT face=serif>BNP Paribas</FONT></TD>
     <TD noWrap align=left width="35%">&nbsp;</TD></TR>
<TR>
     <TD width="99%" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="56%"><FONT face=serif><U>/s/ Nuala Marley&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
     <TD noWrap align=left width="35%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="56%"><FONT face=serif>Name: Nuala Marley</FONT></TD>
     <TD noWrap align=left width="35%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="56%"><FONT face=serif>Title: Managing Director</FONT></TD>
     <TD noWrap align=left width="35%">&nbsp;</TD></TR>
<TR>
     <TD width="99%" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%" colSpan=2><FONT face=serif><U>/s/ Nanette Baudon&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT><FONT face=serif size=1>1</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="56%"><FONT face=serif>Name: Nanette Baudon</FONT></TD>
     <TD noWrap align=left width="35%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="56%"><FONT face=serif>Title: Vice President</FONT></TD>
     <TD noWrap align=left width="35%">&nbsp;</TD></TR>
<TR>
     <TD width="99%" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=1>1</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%" colSpan=2>&nbsp; &nbsp; &nbsp;<FONT face=serif>For any institution requiring a second signature line.</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_10"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Name of Institution:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Societe Generale</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="15%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="82%"><FONT face=serif><U>/s/ Nigel Elvey&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="15%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="82%"><FONT face=serif>Name: Nigel Elvey</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="15%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="82%"><FONT face=serif>Title: Vice President</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_11"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Name of Institution:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>BARCLAYS BANK PLC</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="13%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="84%"><FONT face=serif><U>/s/ David Barton&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></TD></TR>
<TR>
     <TD noWrap align=left width="13%" background=""></TD>
     <TD width="2%" background=""></TD>
     <TD noWrap align=left width="84%" background=""><FONT face=serif>Name: David Barton</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="13%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="84%"><FONT face=serif>Title: Associate Director</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_12"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Name of Institution:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Sumitomo Mitsui Banking Corporation</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif><U>/s/ Leo E. Pagarigan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Name: Leo E. Pagarigan</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Title: Joint General Manager</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%">____________________<FONT face=serif size=1>1</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Name:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Title:</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=1>1</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%">&nbsp; &nbsp; &nbsp;<FONT face=serif>For any institution requiring a second signature line.</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_13"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement: </FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Name of Institution:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>HSBC Bank USA, National Association</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="9%"><FONT face=serif>by:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><U><FONT face=serif>/s/ Darren Pinsker&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>&nbsp;</U></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><FONT face=serif>Name: Darren Pinsker</FONT>&nbsp; </TD></TR>
<TR>
     <TD noWrap align=left width="9%" background=""></TD>
     <TD width="2%" background=""></TD>
     <TD noWrap align=left width="88%" background=""><FONT face=serif>Title: Senior Vice President</FONT> </TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_14"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=3>&nbsp;</TD>
     <TD noWrap><FONT face=serif>Name of Institution:</FONT> <BR>
<FONT face=serif>Mizuho Corporate Bank, Ltd.</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif><U>/s/ Leon Mo&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Name: Leon Mo</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Title: Senior Vice President</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%">____________________<FONT face=serif size=1>1</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Name:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%"><FONT face=serif>Title:</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=1>1</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="91%">&nbsp; &nbsp; &nbsp;<FONT face=serif>For any institution requiring a second signature line.</FONT></TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_15"></A>
<P align=left><FONT face=serif>To approve the Second Amendment to the Expedia, Inc. Credit Agreement:</FONT></P>
<TABLE cellSpacing=1 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>Name of Institution:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif>United Overseas Bank Limited, New York Agency</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="90%"><FONT face=serif><U>/s/ George Lim&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="90%"><FONT face=serif>Name: George Lim</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="90%"><FONT face=serif>Title: FVP and General Manager</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><FONT face=serif>by:</FONT></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="90%"><FONT face=serif><U>/s/ Mario Sheng&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
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     <TD noWrap align=left width="90%"><FONT face=serif>Name: Mario Sheng</FONT></TD></TR>
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     <TD noWrap align=left width="90%"><FONT face=serif>Title: AVP</FONT></TD></TR>
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