<SEC-DOCUMENT>0001104659-21-041031.txt : 20210324
<SEC-HEADER>0001104659-21-041031.hdr.sgml : 20210324
<ACCEPTANCE-DATETIME>20210324172815
ACCESSION NUMBER:		0001104659-21-041031
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20210324
DATE AS OF CHANGE:		20210324

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TripAdvisor, Inc.
		CENTRAL INDEX KEY:			0001526520
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				800743202
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86536
		FILM NUMBER:		21769283

	BUSINESS ADDRESS:	
		STREET 1:		400 1ST AVENUE
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494
		BUSINESS PHONE:		781-800-5800

	MAIL ADDRESS:	
		STREET 1:		400 1ST AVENUE
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Liberty TripAdvisor Holdings, Inc.
		CENTRAL INDEX KEY:			0001606745
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				463337365
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		12300 LIBERTY BLVD
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80112
		BUSINESS PHONE:		7208755300

	MAIL ADDRESS:	
		STREET 1:		12300 LIBERTY BLVD
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80112
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>tm2110513d1_sc13da.htm
<DESCRIPTION>SCHEDULE 13D/A
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE 13D/A</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Amendment No. 4)</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Under the Securities Exchange Act of 1934</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Tripadvisor, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-top: Black 0.5pt solid">(Name of Issuer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Common Stock, par value $0.001 per share</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-top: Black 0.5pt solid">(Title of Class
of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">896945201</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-top: Black 0.5pt solid">(CUSIP Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Renee L. Wilm, Esq.<BR>
Chief Legal Officer / Chief Administrative Officer<BR>
Liberty TripAdvisor Holdings, Inc.<BR>
12300 Liberty Boulevard<BR>
Englewood, CO 80112<BR>
(720) 875-5200</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-top: Black 0.5pt solid">(Name, Address and
Telephone Number of Persons<BR>
Authorized to Receive Notices and Communications)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">March 22, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-top: Black 0.5pt solid">(Date of Event Which
Requires Filing of this Statement)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">If the filing person has previously filed
a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of
<FONT STYLE="background-color: white">&sect;&sect;240.13d-1(e), 240.13d-1(f)&nbsp;or 240.13d-1(g)</FONT>, check the following box. <FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><B>Note</B>. Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits.&nbsp; See &sect;240.13d-7 for other parties to
whom copies are to be sent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">*The remainder of this cover page&nbsp;shall
be filled out for a reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The information required on the remainder
of this cover page shall not be deemed to be &quot;filed&quot; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&quot;Act&quot;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in; text-align: justify">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>CUSIP No.:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>Common Stock:&nbsp; </B>896945201</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 6.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-bottom: 10pt; padding-top: 15pt; width: 0.5in">1.</TD><TD STYLE="padding-bottom: 10pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 15pt">Names of Reporting Persons.<BR>
                                            I.R.S. Identification Nos. of above persons (entities only)<BR>
                                            Liberty TripAdvisor Holdings, Inc. (1)&nbsp;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; width: 0.5in">2.</TD><TD STYLE="padding-top: 5pt">Check the Appropriate Box if a Member of a Group (See Instructions)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; padding-bottom: 10pt; width: 0.5in"></TD><TD STYLE="padding-top: 5pt; padding-bottom: 10pt; width: 0.5in">(a)</TD><TD STYLE="padding-top: 5pt; padding-bottom: 10pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; padding-bottom: 10pt; width: 0.5in"></TD><TD STYLE="padding-top: 5pt; padding-bottom: 10pt; width: 0.5in">(b)</TD><TD STYLE="padding-top: 5pt; padding-bottom: 10pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; padding-bottom: 10pt; width: 0.5in">3.</TD><TD STYLE="padding-top: 5pt; border-bottom: Black 1pt solid; padding-bottom: 10pt">SEC Use Only</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; padding-bottom: 10pt; width: 0.5in">4.</TD><TD STYLE="padding-top: 5pt; border-bottom: Black 1pt solid; padding-bottom: 10pt">Source of Funds (See Instructions)<BR>
OO</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; padding-bottom: 10pt; width: 0.5in">5.</TD><TD STYLE="padding-top: 5pt; border-bottom: Black 1pt solid; padding-bottom: 10pt">Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d)
or 2(e) <FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; padding-bottom: 10pt; width: 0.5in">6.</TD><TD STYLE="padding-top: 5pt; border-bottom: Black 1pt solid; padding-bottom: 10pt">Citizenship or Place of Organization<BR>
Delaware</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="text-align: left; width: 96px; vertical-align: middle">Number of<BR>
 Shares<BR>
 Beneficially<BR>
 Owned by<BR>
 Each<BR>
 Reporting<BR>
 Person With:</TD>
    <TD STYLE="padding-top: 5pt; padding-bottom: 10pt; width: 48px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.</FONT></TD>
    <TD STYLE="padding-top: 5pt; border-bottom: Black 1pt solid; padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sole Voting Power<BR>
29,245,893 shares (2) (3)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; padding-top: 15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 10pt; padding-top: 15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shared Voting Power<BR>
None</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 15pt; padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 15pt; padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sole Dispositive Power<BR>
29,245,893 shares (2) (3)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 15pt; padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 15pt; padding-bottom: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shared Dispositive Power<BR>
None</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; width: 0.5in; padding-bottom: 10pt">11.</TD><TD STYLE="border-bottom: Black 1pt solid; padding-top: 5pt; padding-bottom: 10pt">Aggregate Amount Beneficially Owned by Each Reporting Person<BR>
29,245,893 shares (2) (<FONT STYLE="vertical-align: baseline">3</FONT>)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; width: 0.5in; padding-bottom: 10pt">12.</TD><TD STYLE="border-bottom: Black 1pt solid; padding-top: 5pt; padding-bottom: 10pt">Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT><BR>
Excludes shares beneficially owned by the executive officers and directors of the Reporting Person.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; width: 0.5in; padding-bottom: 10pt">13.</TD><TD STYLE="border-bottom: Black 1pt solid; padding-top: 5pt; padding-bottom: 10pt">Percent of Class Represented by Amount in Row (11)<BR>
21.7% (3) (<FONT STYLE="vertical-align: baseline">4</FONT>)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 5pt; width: 0.5in; padding-bottom: 10pt">14.</TD><TD STYLE="border-bottom: Black 1pt solid; padding-top: 5pt; padding-bottom: 10pt">Type of Reporting Person (See Instructions)<BR>
CO</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(<FONT STYLE="vertical-align: baseline">1</FONT>)</TD><TD STYLE="text-align: justify">The
                                            share amounts included in the table reflect Liberty TripAdvisor Holdings, Inc.&rsquo;s, <FONT STYLE="font-family: Times New Roman, Times, Serif">a
                                            Delaware corporation </FONT>(the &ldquo;<U>Reporting Person</U>&rdquo;), pro forma beneficial
                                            ownership assuming the delivery of 1,713,859 shares of Common Stock (as defined below) to
                                            Certares LTRIP LLC (&ldquo;<U>Certares</U>&rdquo;) in connection with the closing of the
                                            transactions contemplated by the Stock Repurchase Agreement, dated as of March 22, 2021,
                                            by and between the Reporting Person and Certares, which is subject to certain conditions.
                                            See Item 6.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Consists of 16,445,894 shares of Tripadvisor, Inc.&rsquo;s, a Delaware corporation (the &ldquo;<U>Issuer</U>&rdquo;),
Common Stock, par value $0.001 per share (&ldquo;<U>Common Stock</U>&rdquo;), and 12,799,999 shares of the Issuer&rsquo;s Class B Common
Stock, par value $0.001 par value per share (&ldquo;<U>Class B Common Stock</U>&rdquo;), beneficially owned by the Reporting Person.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(<FONT STYLE="vertical-align: baseline">3</FONT>)</TD><TD STYLE="text-align: justify">Each share of Class B Common Stock is convertible at the option of the holder into one share of Common
Stock. Assumes conversion of all shares of Class B Common Stock beneficially owned by the Reporting Person into shares of Common Stock.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(<FONT STYLE="vertical-align: baseline">4</FONT>)</TD><TD STYLE="text-align: justify">Because each share of Class B Common Stock generally is entitled
to ten votes per share and each share of Common Stock is entitled to one vote per share, the Reporting Person may be deemed to beneficially
own equity securities of the Issuer representing approximately 57.8% of the voting power of the Issuer. See Item 5. Such percentage interests
are based on there being outstanding, as of the close of business on February 12, 2021, 122,029,254 shares of Common Stock and 12,799,999
shares of Class B Common Stock, based on the Issuer&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2020, filed with
the Securities and Exchange Commission on February 19, 2021 and calculated in accordance with Rule 13d-3 <FONT STYLE="background-color: white">under
the Securities Exchange Act of 1934, as amended</FONT>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>




<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE 13D/A<BR>
(Amendment No. 4)</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Statement of</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">LIBERTY TRIPADVISOR HOLDINGS, INC.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13(d) of the Securities
Exchange Act of 1934<BR>
in respect of</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TRIPADVISOR, INC.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This amended statement on
Schedule 13D/A (this &ldquo;<U>Amendment</U>&rdquo;) constitutes Amendment No. 4 to the Schedule 13D <FONT STYLE="font-family: Times New Roman, Times, Serif">originally
filed with the Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;) by Liberty TripAdvisor Holdings, Inc., a Delaware corporation
(the &ldquo;<U>Reporting Person</U>&rdquo;), with respect to Tripadvisor, Inc., a Delaware corporation (the &ldquo;<U>Issuer</U>&rdquo;),
on August 29, 2014, as amended by Amendment No. 1 to the Statement on Schedule 13D filed with the SEC by the Reporting Person on June
30, 2016, Amendment No. 2 to the Statement on Schedule 13D filed with the SEC by the Reporting Person on November 20, 2019 and Amendment
No. 3 to the Statement on Schedule 13D filed with the SEC by the Reporting Person on March 16, 2020 (collectively, the &ldquo;<U>Schedule
13D</U>&rdquo; and together with this Amendment, the &ldquo;<U>Statement</U>&rdquo;). The Schedule 13D is hereby amended and supplemented
to include the information set forth herein.</FONT> Capitalized terms not defined herein have the meanings given to such terms in the
Schedule 13D. Except as set forth herein, the Schedule 13D is unmodified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>Item 2. Identity and Background</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">The information contained
in Item 2(d)-(f)&nbsp;of the Schedule 13D is hereby replaced with the following information:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">(d)&nbsp;- (f)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">Schedule 1, attached to
this Statement and incorporated herein by reference, provides the requested information with respect to each executive officer and director,
as applicable, of the Reporting Person (the &ldquo;<U>Schedule 1 Persons</U>&rdquo;).&nbsp; Each of such executive officers and directors
is a citizen of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">During the last five years,
neither the Reporting Person nor, to the best of the knowledge of the Reporting Person, any of the Schedule 1 Persons has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction resulting in a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Item 4. Purpose of Transaction</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information contained
in Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information contained
in Item 6 of this Amendment is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Item 5. Interest in Securities of the Issuer</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information contained
in Item 5 of the Schedule 13D is hereby amended and restated as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp; </FONT>After
giving pro forma effect to the delivery of 1,713,859 shares of Common Stock (as defined below) to Certares LTRIP LLC
(&ldquo;<U>Certares</U>&rdquo;) in connection with the closing of the transactions contemplated by the Stock Repurchase Agreement,
dated as of March 22, 2021, by and between the Reporting Person and Certares (the &ldquo;<U>Closing</U>&rdquo;), which is subject to
certain conditions, the Reporting Person will beneficially own 16,445,894 shares of Common Stock, par value $0.001 per share, of the
Issuer (&ldquo;<U>Common Stock</U>&rdquo;) and 12,799,999 shares of Class B Common Stock, par value $0.001 per share, of the Issuer
(&ldquo;<U>Class B Common Stock</U>&rdquo;) which shares constitute 13.5% of the outstanding shares of Common Stock and 100% of the
outstanding shares of Class B Common Stock. Each share of Class B Common Stock is convertible at the option of the holder into one
share of Common Stock. Assuming the conversion of all of the Reporting Person&rsquo;s shares of Class B Common Stock into shares of
Common Stock, the Reporting Person beneficially owns 21.7% of the outstanding shares of Common Stock (calculated in accordance with
Rule 13d-3 <FONT STYLE="background-color: white">under the Securities Exchange Act of 1934, as amended</FONT>). Because each share
of Class B Common Stock generally is entitled to ten votes per share and each share of Common Stock is entitled to one vote per
share, the Reporting Person may be deemed to beneficially own equity securities of the Issuer representing approximately 57.8% of
the voting power of the Issuer. The foregoing beneficial ownership amounts exclude shares of Common Stock beneficially owned by the
executive officers and directors of the Reporting Person. The foregoing beneficial ownership amounts are based on there being
outstanding, as of the close of business on February 12, 2021, 122,029,254 shares of Common Stock and 12,799,999 shares of Class B
Common Stock, as reported in the Issuer&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC
on February 19, 2021, and calculated in accordance with Rule 13d-3 <FONT STYLE="background-color: white">under the Securities
Exchange Act of 1934, as amended</FONT>. Mr. Gregory B. Maffei beneficially owns 28,588 shares of Common Stock. The Maffei
Foundation beneficially owns 1,938 shares of Common Stock, as to which shares Mr. Maffei has disclaimed beneficial ownership. Mr.
Michael Gregory O&rsquo;Hara beneficially owns 2,822 shares of Common Stock underlying restricted stock units that vest on March 27,
2021 and following the closing of the transactions contemplated by the Repurchase Agreement, Mr. O'Hara may be deemed to
beneficially own the 1,713,859 shares of Common Stock to be delivered to Certares in connection with the Closing. Mr. Albert E. Rosenthaler
beneficially owns 23,680 shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;
</FONT>The Reporting Person has the sole power to vote or to direct the voting of shares of Common Stock beneficially owned by it and
has the sole power to dispose or direct the disposition of such shares, subject to the pledges and restrictions previously described in
Item 6 of the Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To the knowledge of the Reporting
Person, each of Mr. Maffei and Mr. Rosenthaler have sole voting and dispositive power of the Common Stock beneficially owned by them.
Mr. Maffei and his wife, as the two directors of the Maffei Foundation, have shared voting and dispositive power with respect to any shares
held by the Maffei Foundation. Mr. O'Hara, an employee of Certares Management LLC or one of its affiliates (collectively, &ldquo;<U>Certares
Management</U>&rdquo;), holds the shares of Common Stock beneficially owned by him for the benefit of Certares Management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>During the past sixty days, Mr. Michael J. Malone sold an aggregate of 12,125 shares of Common Stock in an open market transaction
at $37.30 per share. Other than as disclosed in this Statement, no transactions were effected by the Reporting Person, or, to the knowledge
of the Reporting Person, any Schedule 1 Person, with respect to the Common Stock during the 60 days preceding the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;
</FONT>Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Item 6. Contracts, Arrangements, Understandings
or Relationships with Respect to Securities of the Issuer</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information contained
in Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following information:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2021 Stock Repurchase Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 22, 2021, the
Reporting Person and Certares entered into a stock repurchase agreement (the &ldquo;<U>Repurchase Agreement</U>&rdquo;) pursuant to
which, among other things, the Reporting Person agreed to repurchase from Certares approximately 39% of the shares of Series A
Preferred Stock of the Reporting Person (the &ldquo;<U>Series A Preferred Stock</U>&rdquo;) held by Certares (or approximately 42%
of the shares of Series A Preferred Stock held by Certares assuming the initial purchasers in the Offering (as defined below) elect
to exercise in full the option to purchase additional debentures granted to them) at a per share price of $2,714.29. The aggregate
purchase price for the shares of Series A Preferred Stock will be paid by a combination of cash and delivery of 1,713,859 shares of
Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The closing under the Repurchase
Agreement is subject to the satisfaction or waiver, at or prior to such closing, of certain conditions, including (i) the closing of
the Reporting Person&rsquo;s previously announced private offering of $300 million aggregate original principal amount of the Reporting
Person&rsquo;s exchangeable senior debentures due 2051 (the &ldquo;<U>Offering</U>&rdquo;) with a minimum aggregate initial principal
amount of $300 million, (ii) the termination of the Reporting Person&rsquo;s $25 million Senior Secured Revolving Credit Facility and
(iii) certain other customary closing conditions. In the event the initial purchasers of such debentures exercise their overallotment
option, the Reporting Person will purchase additional shares of Series A Preferred Stock at a second closing at the same per share price
as described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Repurchase Agreement also provides that, subject
to certain limited exceptions, Certares will be prohibited from transferring any shares of Common Stock for a period of six months commencing
on the date of the Repurchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A more complete summary of the Repurchase Agreement
is included in the Reporting Person&rsquo;s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 22,
2021. The summary of the Repurchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the
full text of the Repurchase Agreement, which is filed herewith as Exhibit 7(f), and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 7. Materials to be Filed as Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: #212529"><FONT STYLE="background-color: white">The
information contained in Item 7 of the Schedule 13D is hereby amended and supplemented by adding the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; color: #212529">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #212529; background-color: white">7(f)</FONT></TD><TD>Stock Repurchase Agreement, dated as of March 22, 2021, by and between Liberty TripAdvisor Holdings, Inc. and Certares LTRIP LLC<FONT STYLE="color: #212529; background-color: white">.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #212529"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="background-color: white">7(g)</FONT></TD><TD><FONT STYLE="background-color: white">Assistant Secretary&rsquo;s Certificate.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>




<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">After reasonable inquiry and
to the best of my knowledge and belief, I certify that the information in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated: March 24, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">LIBERTY TRIPADVISOR HOLDINGS, INC.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 6%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 44%">/s/ Brittany A. Uthoff</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Brittany A. Uthoff</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Vice President</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Liberty TripAdvisor Holdings, Inc. Amendment No. 4 to Schedule 13D]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SCHEDULE 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B><BR>
DIRECTORS AND EXECUTIVE OFFICERS OF LIBERTY TRIPADVISOR HOLDINGS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The name and present principal occupation
of each director and executive officer of Liberty TripAdvisor Holdings, Inc. (&ldquo;<U>LTAH</U>&rdquo;) are set forth below.&nbsp; Unless
otherwise noted, the business address for each person listed below is c/o Liberty TripAdvisor Holdings, Inc., 12300 Liberty Boulevard,
Englewood, Colorado 80112.&nbsp; All executive officers and directors listed are United States citizens.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 30%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Name&nbsp;and&nbsp;Business&nbsp;Address<BR>
(If&nbsp;Applicable)</B></FONT></TD>
    <TD STYLE="width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 68%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Principal&nbsp;Occupation&nbsp;and&nbsp;Principal&nbsp;Business<BR>
(If&nbsp;Applicable)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD>Gregory B. Maffei</TD>
    <TD>&nbsp;</TD>
    <TD>Chairman of the Board, President and Chief Executive Officer of LTAH</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD>Michael Gregory O&rsquo; Hara</TD>
    <TD>&nbsp;</TD>
    <TD>Director of LTAH</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD>Michael J. Malone</TD>
    <TD>&nbsp;</TD>
    <TD>Director of LTAH</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD>Chris Mueller</TD>
    <TD>&nbsp;</TD>
    <TD>Director of LTAH</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD>Albert E. Rosenthaler</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Corporate Development Officer and Director of LTAH</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD>Larry E. Romrell</TD>
    <TD>&nbsp;</TD>
    <TD>Director of LTAH</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD>J. David Wargo</TD>
    <TD>&nbsp;</TD>
    <TD>Director of LTAH</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD>Brian J. Wendling</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer and Senior Vice President of LTAH</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD>Renee L. Wilm</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Legal Officer and Chief Administrative Officer of LTAH</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD STYLE="width: 9%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>Exhibit</B> <B><BR>
No.</B></TD>
<TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="width: 89%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Description</B></FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-left: 13.3pt; text-indent: -13.3pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-left: 13.3pt; text-align: center; text-indent: -13.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">7(a)</FONT></TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="text-align: justify; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Governance
Agreement, dated as of December 20, 2011, by and between TripAdvisor, Inc. and Liberty Interactive Corporation (incorporated by reference
to Exhibit 99.3 to Liberty Interactive Corporation&rsquo;s Schedule 13D in respect of common stock of TripAdvisor, Inc., filed with the
Securities and Exchange Commission on December 30, 2011).*</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-left: 13.3pt; text-align: center; text-indent: -13.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">7(b)</FONT></TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="text-align: justify; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Assignment
and Assumption of Governance Agreement, made as of August 12, 2014, by and among Liberty TripAdvisor Holdings, Inc., Liberty Interactive
Corporation and TripAdvisor, Inc.*</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-left: 13.3pt; text-align: center; text-indent: -13.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">7(c)</FONT></TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Assistant
Secretary&rsquo;s Certificate.*</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-left: 13.3pt; text-align: center; text-indent: -13.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">7(d)</FONT></TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="text-align: justify; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="color: #212529">Investment Agreement, dated as
of March 15, 2020, by and among Liberty TripAdvisor Holdings, Inc., the investors listed in Schedule I thereto, and solely for purposes
of certain provisions therein, Gregory B. Maffei (incorporated by reference to Exhibit 4.1 to the Reporting Person&rsquo;s Current Report
on Form 8-K, filed with the SEC on March 16, 2020).*</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-left: 13.3pt; text-align: center; text-indent: -13.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">7(e)</FONT></TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="text-align: justify; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="color: #212529">Certificate of Designations of
8% Series A Cumulative Redeemable Preferred Stock of Liberty TripAdvisor Holdings, Inc. (incorporated by reference to Exhibit 3.1 to
the Reporting Person&rsquo;s Current Report on Form 8-K, filed with the SEC on March 16, 2020).*</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-left: 13.3pt; text-align: center; text-indent: -13.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">7(f)</FONT></TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="text-align: justify; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">Stock Repurchase Agreement, dated as of March 22, 2021, by
and between Liberty TripAdvisor Holdings, Inc. and Certares LTRIP LLC.</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-left: 13.3pt; text-align: center; text-indent: -13.3pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">7(g)</FONT></TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="color: #212529">Assistant Secretary&rsquo;s Certificate.</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-left: 13.3pt; text-align: center; text-indent: -13.3pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 13.3pt; text-align: center; text-indent: -13.3pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">*Previously filed. &nbsp;</TD></TR>
</TABLE>




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<DOCUMENT>
<TYPE>EX-99.7(F)
<SEQUENCE>2
<FILENAME>tm2110513d1_ex7f.htm
<DESCRIPTION>EXHIBIT 99.7(F)
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 7(f)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>STOCK REPURCHASE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Stock Repurchase
Agreement, dated as of March 22, 2021 (this &ldquo;<U>Agreement</U>&rdquo;), is entered into by and between Liberty TripAdvisor
Holdings, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), and Certares LTRIP LLC (the &ldquo;<U>Investor</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Investor and
the Company are parties to the Investment Agreement, dated as of March 15, 2020, by and among the investors listed in Schedule
I thereto (and assigned by them to Investor), the Company and, solely for purposes of the Subject GM Provisions (as defined therein),
Gregory B. Maffei (the &ldquo;<U>Investment Agreement</U>&rdquo;), pursuant to which Investor acquired 325,000 shares of Series
A Preferred Stock of the Company (the &ldquo;<U>Preferred Stock</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
intends to offer and sell up to $330 million aggregate principal amount of exchangeable senior debentures (the &ldquo;<U>Exchangeable
Debentures</U>&rdquo;), inclusive of any option to purchase additional exchangeable senior debentures that the Company may grant
to the initial purchasers of the Exchangeable Debentures (the &ldquo;<U>Overallotment Option</U>&rdquo;), exchangeable into shares
of Tripadvisor Common Stock, or at the Company&rsquo;s election, the value thereof in cash or a combination of such Tripadvisor
Common Stock and cash, in an offering exempt from registration under the Securities Act of 1933, as amended (the &ldquo;<U>Debenture
Offering</U>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
desires to purchase and Investor desires to sell to the Company shares of Preferred Stock (the shares of Preferred Stock to be
sold hereunder, the &ldquo;<U>Shares</U>&rdquo;) in the manner and for the consideration set forth below, on the terms and subject
to the conditions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, for
and in consideration of the mutual promises set forth herein and other valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, and upon the terms and subject to the conditions hereof, the parties hereto agree as follows.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Definitions</U>. For purposes of this Agreement, the following terms shall have the meanings ascribed below. All
other capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Certificate (as defined
below) or the Investment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Actual or Constructive
Ownership</U>&rdquo; means actual or constructive ownership for purposes of Section 302 of the Code and the Treasury Regulations
promulgated thereunder (including, without limitation, constructive ownership pursuant to the rules of Section 318(a) of the Code).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Agreement</U>&rdquo;
shall have the meaning set forth in the recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&ldquo;<U>Board Observer</U>&rdquo; shall
have the meaning set forth in <U>Section 6.8(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Certificate</U>&rdquo;
means the Certificate of Designations of 8% Series A Cumulative Redeemable Preferred Stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Closing</U>&rdquo;
means each of the First Closing and the Second Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Closing Date</U>&rdquo;
shall have the meaning set forth in <U>Section 3.1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Closing TRIP
Shares</U>&rdquo; means a number of shares of Tripadvisor Common Stock (rounded down to the nearest whole share) equal to the maximum
number of whole shares of Tripadvisor Common Stock with a value (as determined pursuant to 16 C.F.R. &sect;801.10 at Closing) of
up to (but no greater than) the HSR Act notification threshold set forth in 16 C.F.R &sect;801.1(h)(1).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Company</U>&rdquo;
shall have the meaning set forth in the recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Company Material
Adverse Effect</U>&rdquo; means, with respect to the Company and its Subsidiaries, any event, change, occurrence, state of facts,
development, circumstance or condition that, individually or in the aggregate, would, or would reasonably be expected to, prevent
or delay the First Repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Company Released
Parties</U>&rdquo; shall have the meaning set forth in <U>Section 6.2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Contract</U>&rdquo;
shall have the meaning set forth in <U>Section 4.4</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Debenture Offering</U>&rdquo;
shall have the meaning set forth in the recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Derivative
Debt</U>&rdquo; shall have the meaning set forth in <U>Section 6.1(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Exchangeable
Debentures</U>&rdquo; shall have the meaning set forth in the recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Exchangeables
Indenture</U>&rdquo; means the indenture governing the Exchangeable Debentures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>First Closing</U>&rdquo;
shall have the meaning set forth in <U>Section 3.1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>First Closing
Cash Consideration</U>&rdquo; means an amount, in cash, equal to (x) the number of First Closing Cash Consideration Preferred Shares
<I>multiplied by</I> (y) the Per Share Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>First Closing
Cash Consideration Preferred Shares</U>&rdquo; means the number of shares of Preferred Stock (rounded down to the nearest whole
share) equal to (x) the Remaining Initial Proceeds <I>divided by</I> the Per Share Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>First Closing
Preferred Shares</U>&rdquo; means the sum of (x) the First Closing Stock Consideration Preferred Shares <I>plus</I> (y) the First
Closing Cash Consideration Preferred Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&ldquo;<U>First Closing Stock Consideration
Preferred Shares</U>&rdquo; means the number of shares of Preferred Stock (rounded up to the nearest whole share) equal to (x)
the number of Closing TRIP Shares <I>multiplied</I> by the TRIP Reference Price <I>divided by</I> (y) the Per Share Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>First Repurchase</U>&rdquo;
shall have the meaning set forth in <U>Section 2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>HSR Act</U>&rdquo;
means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Investment
Agreement</U>&rdquo; shall have the meaning set forth in the recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Investor</U>&rdquo;
shall have the meaning set forth in the recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Investor Material
Adverse Effect</U>&rdquo; means, with respect to Investor and its Subsidiaries, any event, change, occurrence, state of facts,
development, circumstance or condition that, individually or in the aggregate, would, or would reasonably be expected to, prevent
or delay the First Repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Investor Releasing
Parties</U>&rdquo; shall have the meaning set forth in <U>Section 6.2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Judgment</U>&rdquo;
shall have the meaning set forth in Section 4.4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Modified Accretion
Factor</U>&rdquo; means the Accretion Factor as defined in the Certificate; <I>provided</I>, that the term &ldquo;P1&rdquo; used
in the definition of Accretion Factor shall be the TRIP Reference Price and the term &ldquo;Determination Date&rdquo; used in the
definition of &ldquo;CR&rdquo; in the Accretion Factor shall be the date of the pricing of the Debenture Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>New Board Seats</U>&rdquo;
shall have the meaning set forth in <U>Section 6.8(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Non-Recourse
Party</U>&rdquo; shall have the meaning set forth in <U>Section 9.12</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Notice of Repurchase</U>&rdquo;
shall have the meaning set forth in <U>Section 6.3(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Optional Repurchase</U>&rdquo;
shall have the meaning set forth in <U>Section 6.3(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Optional Repurchase
Date</U>&rdquo; means the date specified by the Company in the Notice of Repurchase for the repurchase of some or all of the Preferred
Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Optional Repurchase
Price</U>&rdquo; with respect to each share of Preferred Stock, means the greater of (x) the Liquidation Price of such share as
of the Optional Repurchase Date <I>plus</I> all unpaid dividends (whether or not declared) on such share accrued from the most
recent Dividend Payment Date through the date such share is repurchased and (y) (i) the initial Liquidation Price of such share
of Preferred Stock on and determined as of the Original Issue Date <I>multiplied by</I> the Accretion Factor <I>minus</I> (ii)
all dividends paid in cash or shares of Eligible Common Stock (valued for this purpose as determined pursuant to paragraph 3(c)
of the Certificate) on such share from the Original Issue Date through the date such share is repurchased; <I>provided, however</I>,
that for purposes of calculating the Optional Repurchase Price, the term &ldquo;Determination Date&rdquo; as used in the definition
of Accretion Factor shall mean the date that is two (2) Business Days prior to the date of the Notice of Repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Original Issue
Date</U>&rdquo; means March 26, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Overallotment
Option</U>&rdquo; shall have the meaning set forth in the recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Per Share Price</U>&rdquo;
means an amount equal to the product of (a) $1,000 <I>multiplied by</I> (b) the Modified Accretion Factor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Preferred Stock</U>&rdquo;
shall have the meaning set forth in the recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Proceeding</U>&rdquo;
shall have the meaning set forth in <U>Section 9.3</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Remaining Initial
Proceeds</U>&rdquo; means the remainder of the aggregate net proceeds (such amount determined in the discretion of the Company,
acting reasonably) from the Debenture Offering after applying or reserving a portion of the proceeds as follows: (a) $35,000,000
for the working capital of the Company; (b) the amount reasonably estimated by the Company to pay all costs, fees and expenses
(including any prepayment penalty or other early termination expense, if any) related to termination of the Revolver; (c) amounts
necessary to prefund interest payments due under the terms of the Exchangeable Notes to March 27, 2025; and (d) the amount reasonably
estimated by the Company to pay all discounts, fees and expenses of the transactions associated with the Debenture Offering and
Repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Remaining Overallotment
Proceeds</U>&rdquo; means the remainder of the aggregate net proceeds (such amount determined in the discretion of the Company,
acting reasonably) from the closing of the Overallotment Option after applying or reserving a portion of the proceeds as follows:
(a) any additional amounts necessary to prefund interest payments due under the terms of the Exchangeable Notes to March 27, 2025
and (b) the additional amount estimated by the Company to pay all discounts, fees and expenses of the transactions associated with
the Debenture Offering (including the Overallotment Option) and the Repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Repurchase</U>&rdquo;
means the First Repurchase and the Second Repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Resignation</U>&rdquo;
shall have the meaning set forth in <U>Section 6.8(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Revolver</U>&rdquo;
means the revolving credit agreement, dated as of February 18, 2021, by and among the Company, KKR Loan Administration Services,
LLC, as administrative agent, and the lenders from time to time party thereto, as amended, restated, amended and restated, supplemented
or otherwise modified from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Revolver Termination</U>&rdquo;
shall have the meaning set forth in <U>Section 7.3(c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Second Closing</U>&rdquo;
shall have the meaning set forth in <U>Section 3.1</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Second Closing
Cash Consideration</U>&rdquo; means an amount, in cash, equal to (x) the number of Second Closing Preferred Shares <I>multiplied
by</I> (y) the Per Share Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Second Closing
Preferred Shares</U>&rdquo; means the number of shares of Preferred Stock (rounded down to the nearest whole share) equal to (x)
the Remaining Overallotment Proceeds <I>divided by</I> (y) the Per Share Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Second Repurchase</U>&rdquo;
shall have the meaning set forth in <U>Section 2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Shares</U>&rdquo;
shall have the meaning set forth in the recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Transactions</U>&rdquo;
means the transactions contemplated by this Agreement, including the Repurchase, Debenture Offering and the Revolver Termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>Tripadvisor</U>&rdquo;
means Tripadvisor, Inc., a Delaware corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&ldquo;<U>TRIP Reference
Price</U>&rdquo; means the last reported sale price on Nasdaq Global Select Market of a share of Tripadvisor Common Stock on the
date of the pricing of the Debenture Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Purchase of Shares</U>. Subject to the terms and conditions of this Agreement, (a) at the First Closing, Investor
will sell to the Company the First Closing Preferred Shares, free and clear of any and all Liens (other than as imposed by applicable
securities laws generally), in exchange for the First Closing Cash Consideration and Closing TRIP Shares, free and clear of any
and all Liens (other than as imposed by applicable securities laws generally), (the &ldquo;<U>First Repurchase</U>&rdquo;) and
(b) at the Second Closing, Investor will sell to the Company the Second Closing Preferred Shares, free and clear of any and all
Liens (other than as imposed by applicable securities laws generally), in exchange for the Second Closing Cash Consideration (the
 &ldquo;<U>Second Repurchase</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Closing</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Time of Closing</U>. The closing of the First Repurchase (the &ldquo;<U>First Closing</U>&rdquo;) and the closing
of the Second Repurchase (the &ldquo;<U>Second Closing</U>&rdquo;) will be held at the offices of Baker Botts L.L.P. at 2001 Ross
Avenue, Suite 900, Dallas, Texas 75201, at 10:00 a.m., Dallas time, on a date determined by the Company that is no later than the
fifth (5<SUP>th</SUP>) Business Day following the satisfaction or, to the extent permitted by applicable Law, waiver of the conditions
in <U>Section 7</U> applicable to such Closing to be satisfied or waived (other than those conditions that by their nature are
to be satisfied at such Closing, but subject to the satisfaction or, to the extent permitted by applicable Law, waiver of those
conditions) or at such other time and place as the Company and Investor mutually agree (such date, a &ldquo;<U>Closing Date</U>&rdquo;);
<I>provided</I>, <I>however</I>, notwithstanding the foregoing, Investor shall not be required to consummate either Closing prior
to March 29, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Closing Deliverables</U>. Subject to the terms and conditions contained herein,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>At the First Closing, Investor shall deliver or cause to be delivered to the Company a stock power instructing the
Company to register the transfer of the First Closing Preferred Shares into the account of the Company, and in consideration therefor,
the Company shall deliver to Investor (i) the First Closing Cash Consideration by wire transfer of immediately available funds
to an account designated at least two (2) Business Days prior to Closing by Investor in writing and (ii) the Closing TRIP Shares,
together with evidence that such Closing TRIP Shares have been deposited into the brokerage account, designated in writing at least
two Business Days prior to the First Closing by Investor, of Investor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>At the Second Closing, Investor shall deliver or cause to be delivered to the Company a stock power instructing the
Company to register the transfer of the Second Closing Preferred Shares into the account of the Company, and in consideration therefor,
the Company shall deliver to Investor the Second Closing Cash Consideration by wire transfer of immediately available funds to
an account designated at least two (2) Business Days prior to the Second Closing by Investor in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Representations of the Company</U>. The Company hereby represents and warrants to Investor that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Organization</U>. The Company is a corporation duly organized, validly existing and in good standing under the
laws of the State of Delaware. Each of the Company and its Subsidiaries is duly licensed or qualified to transact business as a
foreign corporation in each jurisdiction in which the conduct of its business requires such licensing or qualification, except
where failure to so qualify would not have a Company Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Ownership of Shares</U>. The Company is the beneficial owner of all Closing TRIP Shares and has good and valid
title to such Closing TRIP Shares. At the First Closing, all Closing TRIP Shares will be owned by the Company free and clear of
any and all covenants, conditions, restrictions, voting trust arrangements, liens, charges, encumbrances, pledges, security interests
and adverse claims or rights whatsoever (collectively, &ldquo;<U>Liens</U>&rdquo;), other than as imposed by the Governance Agreement
and applicable securities laws generally, and the Company will deliver to Investor all Closing TRIP Shares free and clear of Liens
other than as imposed by applicable securities laws generally.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Authority</U>. The Company has the corporate power and authority to execute, deliver and perform this Agreement
and to carry out the obligations hereunder. The execution, delivery and performance of this Agreement by the Company and the consummation
of the Transactions have been duly authorized by all requisite corporate action on the part of the Company. This Agreement has
been duly and validly executed and delivered by the Company and, assuming due authorization, execution and delivery by the Investor,
constitutes (and each of the other documents to which the Company is or will be a party when executed and delivered at the Closing,
will constitute) a valid and binding obligation of the Company enforceable against the Company in accordance with its terms (except
as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar
Laws of general applicability relating to or affecting creditors&rsquo; rights or by general equity principles).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Conflicts</U>. None of the execution and delivery of this Agreement by the Company, nor the consummation by
the Company of the Transactions, will (i) conflict with or violate any provision of the Certificate of Incorporation or the Company&rsquo;s
Amended and Restated Bylaws or (ii) after giving effect to the Transactions (and the consent by Investor contained in <U>Section
6</U>), (x) violate any Law or any judgment, ruling, order, writ, injunction or decree (collectively, &ldquo;<U>Judgment</U>&rdquo;)
applicable to the Company or any Subsidiary of the Company or any of their respective properties or assets or (y) violate or constitute
a default (or constitute an event which, with notice or lapse of time or both, would violate or constitute a default) under, result
in the termination of or a right of termination or cancellation under, result in the loss of any benefit or require a payment or
incur a penalty under, any of the terms or provisions of any loan or credit agreement, indenture, debenture, note, bond, mortgage,
deed of trust, lease, sublease, license, contract or other agreement (each, a &ldquo;<U>Contract</U>&rdquo;) to which the Company
or any of its Subsidiaries is a party or accelerate the Company&rsquo;s or, if applicable, any of its Subsidiaries&rsquo; obligations
under any such Contract, except, in the case of <U>clause (ii)</U>, as would not reasonably be expected to have a Company Material
Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.5<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governmental Approvals</U>. Assuming the accuracy of Investor&rsquo;s representations in <U>Section 5.3</U>, no
consent or approval of, or filing, license, permit or authorization, declaration or registration with, any Governmental Authority
is necessary for the execution and delivery of this Agreement by the Company, the performance by the Company of its obligations
hereunder and the consummation by the Company of the Transactions, other than such other consents, approvals, filings, licenses,
permits or authorizations, declarations or registrations that, if not obtained, made or given, would not, individually or in the
aggregate, reasonably be expected to have a Company Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.6<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Actions</U>. As of the date hereof, there is no action, suit, investigation or Proceeding, governmental, regulatory
or otherwise by or before any court or other Governmental Authority, pending or, to the knowledge of the Company, threatened, against
the Company or any of its Subsidiaries that would reasonably be expected to have a Company Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.7<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Other Investor Representations or Warranties</U>. Except for the representations and warranties expressly set
forth in <U>Section 5</U> and in any certificate delivered in connection with this Agreement, the Company hereby acknowledges that
neither Investor nor any of its Subsidiaries, nor any other Person, (i) has made or is making any other express or implied representation
or warranty with respect to Investor or any of its Subsidiaries or their respective businesses, operations, assets, liabilities,
condition (financial or otherwise) or prospects, including with respect to any information provided or made available to the Company
or any of its representatives or any information developed by the Company or any of its representatives or (ii) will have or be
subject to any liability or indemnification obligation to the Company resulting from the delivery, dissemination or any other distribution
to the Company or any of its representatives, or the use by the Company or any of its representatives, of any information, documents,
estimates, projections, forecasts or other forward-looking information, business plans or other material developed by or provided
or made available to the Company or any of its representatives. The Company, on behalf of itself and on behalf of its respective
Affiliates, expressly waives any such claim relating to the foregoing matters, except with respect to fraud.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.8<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Tripadvisor SEC Documents</U>. Since December 31, 2019, to the knowledge of the Company, the Tripadvisor SEC Documents
have been filed with the SEC on a timely basis. To the knowledge of the Company, the Tripadvisor SEC Documents, at the time filed
(or in the case of registration statements, solely on the dates of effectiveness), except to the extent corrected by a subsequent
Tripadvisor SEC Document filed prior to the date hereof, (i) did not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading and (ii) complied as to form in all material respects with the applicable requirements
of the Exchange Act and the Securities Act, as the case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.9<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Brokers</U>. Neither the Company nor any of its Subsidiaries is bound by or subject to any contract with any
Person which will result in Investor being obligated to pay any finder&rsquo;s fees, brokerage or agent&rsquo;s commissions or
other like payments in connection with the consummation of the Repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Representations of Investor</U>. Investor hereby represents and warrants to the Company that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Organization</U>. Investor is a limited liability company duly organized, validly existing and in good standing
under the laws of the state of Delaware. Investor is duly licensed or qualified to transact business as a foreign corporation in
each jurisdiction in which the conduct of its business requires such licensing or qualification, except where failure to so qualify
would not have an Investor Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Ownership of Shares</U>. Investor is the beneficial and record owner of 325,000 shares of Preferred Stock and
has good and valid title to such shares. All Shares to be sold to the Company hereunder are owned by Investor free and clear of
any and all Liens, other than as imposed by the Investment Agreement, the Certificate and applicable securities Laws generally,
and Investor will deliver to Company the Shares free and clear of Liens other than as imposed by applicable securities laws generally.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Beneficial Ownership of Tripadvisor Stock</U>. Investor, including any entity controlled, as defined in 16 C.F.R.
 &sect;801.1(b), by Investor, does not directly or indirectly hold, as defined in 16 C.F.R. &sect;801.1(c), any Class B Shares or
shares of Tripadvisor Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Authority</U>. Investor has the corporate or other power and authority to execute, deliver and perform this Agreement
and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by Investor and the consummation
of the transactions contemplated hereby have been duly authorized by all requisite corporate action on the part of Investor. This
Agreement has been duly and validly executed and delivered by Investor and, assuming due authorization, execution and delivery
by the Company, constitutes (and each of the other documents to which Investor is or will be a party when executed and delivered
at the Closing, will constitute) a valid and binding obligation of Investor enforceable against Investor in accordance with its
terms (except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer
and similar Laws of general applicability relating to or affecting creditors&rsquo; rights or by general equity principles).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.5<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Conflict</U>. Neither the execution, delivery and performance of this Agreement by Investor, nor the consummation
by Investor of the transactions contemplated hereby, will (i) conflict with or violate any provision of the organizational documents
of Investor or (ii) (x) violate any Law or Judgment applicable to Investor or any Subsidiary of Investor or any of their respective
properties or assets or (y) violate or constitute a default (or constitute an event which, with notice or lapse of time or both,
would violate or constitute a default) under, result in the termination of or a right of termination or cancellation under, or
result in the loss of any benefit or require a payment or incur a penalty under, any of the terms or provisions of any Contract
to which Investor or any of its Subsidiaries is a party or accelerate the Investor&rsquo;s or, if applicable, any of its Subsidiaries&rsquo;
obligations under any such Contract, except, in the case of <U>clause (ii)</U>, as would not reasonably be expected to have an
Investor Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.6<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governmental Approvals</U>. Except for the securities or blue sky laws of the various states, no consent or approval
of, or filing, license, permit or authorization, declaration or registration with, any Governmental Authority is necessary for
the execution and delivery of this Agreement by Investor, the performance by Investor of its obligations hereunder and the consummation
by Investor of the Transactions, other than such other consents, approvals, filings, licenses, permits or authorizations, declarations
or registrations that, if not obtained, made or given, would not, individually or in the aggregate, reasonably be expected to have
an Investor Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.7<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Actions</U>. As of the date hereof, there is no action, suit, investigation or Proceeding, governmental, regulatory
or otherwise by or before any court or other Governmental Authority, pending or, to the knowledge of the Investor, threatened,
against the Investor or any of its Subsidiaries that would reasonably be expected to have an Investor Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.8<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Acquisition for Investment</U>. Investor acknowledges that none of the Closing TRIP Shares have been registered
under the Securities Act or under any state or other applicable securities Laws and, accordingly, must be held indefinitely unless
a subsequent sale or other transfer thereof by Investor is registered under the Securities Act and such securities or blue sky
laws or is exempt from registration thereunder. Investor (i) acknowledges that it is acquiring the Closing TRIP Shares pursuant
to an exemption from registration under the Securities Act solely for its own account for investment purposes with no intention
to distribute any of the foregoing to any Person, (ii) will not sell, transfer, or otherwise dispose of any of the Closing TRIP
Shares, except in compliance with this Agreement and the registration requirements or exemption provisions of the Securities Act
and any other applicable securities Laws, (iii) has such knowledge and experience in financial and business matters and in investments
of this type that it is capable of evaluating the merits and risks of its investment in the Closing TRIP Shares and of making an
informed investment decision, (iv) is an &ldquo;accredited investor&rdquo; (as that term is defined by Rule 501 of the Securities
Act) and (v) (1) has had an opportunity to discuss with Tripadvisor and its representatives the intended business and financial
affairs of Tripadvisor and to obtain information necessary to verify any information furnished to it or to which it had access
and (2) can bear the economic risk of (x) an investment in the Closing TRIP Shares indefinitely and (y) a total loss in respect
of such investment. Investor has such knowledge and experience in business and financial matters so as to enable it to understand
and evaluate the risks of, and form an investment decision with respect to its investment in, the Closing TRIP Shares and to protect
its own interest in connection with such investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.9<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Reliance</U>. In connection with the due diligence investigation of the Company and Tripadvisor (including
their respective Subsidiaries) by Investor and its representatives, Investor and its representatives may have received, and may
continue to receive from the Company, Tripadvisor and their respective representatives, certain estimates, projections, forecasts
and other forward-looking information regarding the Company, Tripadvisor and their respective Subsidiaries. Investor hereby acknowledges
that there are uncertainties inherent in attempting to make such estimates, projections, forecasts and other forward-looking statements
with which Investor is familiar, that Investor is making its own evaluation of the adequacy and accuracy of all estimates, projections,
forecasts and other forward-looking information so furnished, and that Investor will have no claim against the Company or any of
its Subsidiaries, or any of their respective representatives, with respect thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.10<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Other Company Representations or Warranties</U>. Except for the representations and warranties expressly set
forth in <U>Section 4</U>, and in any certificate delivered in connection with this Agreement, Investor hereby acknowledges that
neither the Company nor any of its Subsidiaries, nor any other Person, (i) has made or is making any other express or implied representation
or warranty with respect to the Company, Tripadvisor or any of their respective Subsidiaries or their respective businesses, operations,
assets, liabilities, condition (financial or otherwise) or prospects, including with respect to any information provided or made
available to Investor or any of its representatives or any information developed by Investor or any of its representatives or (ii)
will have or be subject to any liability or indemnification obligation to Investor resulting from the delivery, dissemination or
any other distribution to Investor or any of its representatives, or the use by Investor or any of its representatives, of any
information, documents, estimates, projections, forecasts or other forward-looking information, business plans or other material
developed by or provided or made available to Investor or any of its representatives. The Investor, on behalf of itself and on
behalf of its respective Affiliates, expressly waives any such claim relating to the foregoing matters, except with respect to
intentional fraud.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.11<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Independent Review</U>. Investor hereby acknowledges (for itself and on behalf of its Affiliates and representatives)
that it has conducted, to its satisfaction, its own independent investigation with such investment, legal, tax, accounting and
other advisers as it deemed necessary of the business, operations, assets and financial condition of each of the Company and Tripadvisor
(including their respective Subsidiaries) and, in making its determination to proceed with the Transactions, including to sell
the Shares and to acquire the Closing TRIP Shares, Investor and its Affiliates and its representatives have relied exclusively
on the results of their own independent investigation without reliance on any representation or warranty of the Company other than
those contained in <U>Section 4</U> of this Agreement or any advice from the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.12<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Brokers</U>. Neither the Investor nor any of its Subsidiaries is bound by or subject to any contract with any
Person which will result in the Company being obligated to pay any finder&rsquo;s fees, brokerage or agent&rsquo;s commissions
or other like payments in connection with the consummation of the Repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.13<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Tax Ownership</U>. Investor does not have Actual or Constructive Ownership (to the knowledge of Investor, in the
case of constructive ownership caused by ownership by a non-Affiliate) of any stock or other equity interest (for U.S. federal
income tax purposes) in the Company (other than the Preferred Stock). Investor has no plan or intention to acquire (and, to the
knowledge of Investor, no other Person has any plan or intention to acquire, in a manner that would cause Investor to acquire)
Actual or Constructive Ownership of any stock or other equity interest (for U.S. federal income tax purposes) in the Company. Investor
is treated as a partnership for U.S. federal income tax purposes. The Internal Revenue Service Form W-9 provided by Investor to
the Company, dated March 24, 2020, in connection with Investor&rsquo;s acquisition of the Preferred Stock remains valid and accurate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Covenants</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Consent</U>. Notwithstanding the restrictions contained in Section 4.9 of the Investment Agreement, as holder
of 100% of the shares of Preferred Stock, Investor hereby irrevocably consents to the following actions undertaken and to be undertaken
by the Company or its Subsidiaries:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The offer and sale of the Exchangeable Debentures, with an aggregate principal amount thereof as determined by the
Company in its discretion (subject to a maximum aggregate principal amount (inclusive of any principal amount issued upon exercise
of the Overallotment Option) as set forth in Schedule 6.1(a)), and the consummation of the transactions required or contemplated
by the terms of the Exchangeables Indenture and the Exchangeable Debentures, including, without limitation, any Transfer of shares
of Tripadvisor Common Stock in connection with the settlement of any exchange or put of the Exchangeable Debentures by the holders
thereof and the satisfaction by the Company of all of its obligations under the Exchangeables Indenture and the Exchangeable Debentures,
and the incurrence of any Indebtedness (and the consummation of the transactions required or contemplated by the terms of such
Indebtedness) that renews, refinances or replaces in whole or in part such Exchangeable Debentures (including any accrued interest,
premiums, taxes, fees and expenses payable in connection with such renewal, refinancing or replacement);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The incurrence of Indebtedness in an aggregate principal amount (measured when incurred) not to exceed the then-current
fair market value of 3,000,000 shares of Tripadvisor Common Stock (as such amounts may be appropriately adjusted to give effect
to any stock splits, stock dividends, reverse splits or similar events that may occur after the date hereof) the net proceeds of
which are used or will be used to renew, refinance or replace in whole or part the 2020 Confirmation (including the payment of
any accrued interest, premiums, taxes, fees and expenses related thereto) and any Indebtedness that renews, refinances or replaces
such Indebtedness (including any accrued interest, premiums, taxes, fees and expenses payable in connection with such renewal,
refinancing or replacement) (collectively, &ldquo;<U>Derivative Debt</U>&rdquo;); <I>provided</I> that the terms of any Derivative
Debt shall not be materially more restrictive to the Company and its Subsidiaries, taken as a whole, than the most restrictive
terms of the 2020 Confirmation and the contemplated Exchangeable Debenture (including the Exchangeable Indenture); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Transfer of up to 3,000,000 shares of Tripadvisor Common Stock (as such amounts may be appropriately adjusted
to give effect to any stock splits, stock dividends, reverse splits or similar events that may occur after the date hereof) or
the proceeds or equivalent proceeds thereof related to any Derivative Debt, including the use of proceeds thereof to settle any
such Derivative Debt (including the payment of any accrued interest, premiums, taxes, fees and expenses related thereto).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Put Waiver</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Effective as of and conditional upon the First Closing, Investor, on behalf of itself, and any former, current or
future equityholders, controlling persons, directors, officers, employees, agents or Affiliates or any former, current or future
equityholder, controlling person, director, officer, employee, general or limited partner, member, manager, advisor, agent or Affiliate
of any of the foregoing, and any of their respective successors or assigns (the &ldquo;<U>Investor Releasing Parties</U>&rdquo;),
hereby (i) irrevocably waives any and all rights to exercise, and agrees not to exercise at any time, the Put Option under Section
5(g) of the Certificate, (ii) fully and forever releases any and all claims, rights, actions and causes of action, arbitration
or suit of any kind, or other legal, equitable or other proceeding, whether known or unknown to the fullest extent the law allows,
that any Investor Releasing Party has ever had, now has or hereafter can, shall or may have against the Company and any of its
former, current or future equityholders, controlling persons, directors, officers, employees, agents or Affiliates or any former,
current or future equityholder, controlling person, director, officer, employee, general or limited partner, member, manager, advisor,
agent or Affiliate of any the foregoing, any of their respective successors and assigns (the &ldquo;<U>Company Released Parties</U>&rdquo;)
that arise from or relate to the waiver and other covenants and agreements contained in this <U>Section 6.2</U> and (iii) irrevocably
waives any rights it may have to rescind, annul, cancel, modify, amend or otherwise change the terms of the waiver and agreements
contained in this <U>Section 6.2</U>. For the avoidance of doubt, this <U>Section 6.2</U> is null and void ab initio if the First
Closing does not occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Investor, on behalf of itself and each other Investor Releasing Party, agrees and acknowledges that, in addition
to the other restrictions on Transfer contained in this Agreement and in the Investment Agreement, it shall be a condition to the
Transfer of any shares of Preferred Stock that the transferee thereof shall agree to and become bound by the waiver and all of
the other agreements contained in this <U>Section 6.2</U>, including this <U>paragraph (b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Investor, on behalf of itself and each other Investor Releasing Party, covenants and agrees that it will not initiate,
join in or otherwise voluntarily support any claim, suit, action, arbitration or other legal, equitable or other proceeding seeking
(directly or indirectly) to challenge the enforceability of, modify, invalidate, revoke, declare ineffective or otherwise set aside
this <U>Section 6.2</U>, including the waiver and agreements contained in this <U>Section 6.2</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Optional Repurchase</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Effective as of and conditional upon the First Closing, Investor, on behalf of itself and each other Investor Releasing
Party, hereby irrevocably agrees that, at the option of the Company, any and all shares of Preferred Stock may be repurchased by
the Company in whole, or from time to time in part, on any Business Day occurring on or after March 27, 2024, at the Optional Repurchase
Price per share in cash on the Optional Repurchase Date (the &ldquo;<U>Optional Repurchase</U>&rdquo;). For the avoidance of doubt,
this Section 6.3 is null and void ab initio if the First Closing does not occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Company shall provide Investor with an irrevocable and unconditional notice of repurchase (a &ldquo;<U>Notice
of Repurchase</U>&rdquo;) not later than five (5) Business Days prior to the Optional Repurchase Date. Such Notice of Repurchase
shall contain: (A) the number of shares of Preferred Stock to be repurchased by the Company, (B) the Optional Repurchase Date,
(C) the Optional Repurchase Price and (D) the instructions Investor must follow with respect to the repurchase, including the method
for surrendering the shares of Preferred Stock to be repurchased.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>At least two (2) Business Days prior to an Optional Repurchase Date, Investor shall deliver to the Company a notice,
designating a bank account to receive the Optional Repurchase Price. In addition, Investor shall on or before the Optional Repurchase
Date, if Investor is a holder of shares in certificated form, surrender the certificate or certificates representing such shares
(or, if such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to
the Company to indemnify the Company against any claim that may be made against the Company on account of the alleged loss, theft
or destruction of such certificate) to the Company, in the manner and at the place designated in the Notice of Repurchase, and
thereupon the Optional Repurchase Price for such shares shall be payable to Investor by wire transfer in immediately available
funds to the account designated by Investor pursuant to this <U>paragraph (c)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Prior to any Optional Repurchase, the board of directors of the Company shall adopt resolutions exempting the Optional
Repurchase under Rule 16b-3 under the Exchange Act. The Company shall provide Investor a reasonable opportunity to review the resolutions
and consider its comments in good faith before the resolutions are adopted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Investor, on behalf of itself and each other Investor Releasing Party, agrees and acknowledges that, in addition
to the other restrictions on Transfer contained in this Agreement and in the Investment Agreement, it shall be a condition to the
Transfer of any shares of Preferred Stock that the transferee thereof shall agree to and become bound by the Optional Repurchase
and all of the other agreements contained in this <U>Section 6.3</U>, including this <U>paragraph (e)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Transferability of Preferred Stock; Legend</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Investor shall not Transfer any shares of Preferred Stock unless the proposed transfer complies with this <U>Section
6.4</U>. From and after the First Closing, it shall be a condition to the Transfer of any shares of Preferred Stock that the proposed
transferee shall agree to and become bound by, in a written agreement in form and substance reasonably acceptable to the Company,
the transfer restrictions contained in this <U>Section 6.4</U>, the waivers and all of the other agreements contained in each of
<U>Section 6.2</U> and <U>Section 6.8</U> and the Optional Repurchase and all of the other agreements contained in <U>Section 6.3</U>.
Any purported Transfer of any shares of Preferred Stock that does not comply with this <U>Section 6.4</U> shall be null and void
ab initio.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Investor agrees and consents to the addition, from and after the First Closing, of a legend for the shares of Preferred
Stock referring to the restrictions on Transfer and provisions of this Agreement, including in any notices sent pursuant to Section
151(f) of the DGCL.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Notwithstanding anything to the contrary in this Agreement or otherwise, and for the avoidance of doubt, Investor
remains subject to the limitations and restrictions on Transfer contained in Section 4.6 of the Investment Agreement, which remains
in full force and effect, and none of the rights of Investor under the Investment Agreement (including, without limitation, director
designation rights) are transferrable or assignable under any circumstance; <I>provided</I>, however, that subject to all other
conditions to Transfer set forth herein and in the Investment Agreement, Investor may Transfer, in a single transaction or multiple
transactions, to a specified third party or parties approved in advance by the Board of Directors or a committee designated thereby
(with such approval not to be unreasonably withheld, conditioned or delayed and notwithstanding Section 4.6(b)(3) of the Investment
Agreement), up to 49% in the aggregate of the then outstanding shares of Preferred Stock (after giving effect to all of the Transactions
contemplated hereby), so long as there are no more than five (5) third-party holders of the Preferred Shares in addition to Investor
at any one time and Investor remains the record and beneficial owner of at least 51% of the then outstanding shares of Preferred
Stock at all times. For the avoidance of doubt, Investor must continue to beneficially own a number of shares of Preferred Stock
with an aggregate Liquidation Price at least equal to the Threshold Amount to retain its rights under the Investment Agreement
and Certificate and nothing in this Section 6.4 prohibits any Optional Repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>On or prior to the date of any Transfer of any shares of Preferred Stock, the transferee shall deliver to the Company
a properly completed and executed Internal Revenue Service Form W-9 (or applicable successor form) providing such transferee&rsquo;s
taxpayer identification number and the requisite certification by such transferee under penalties of perjury, or shall have delivered
an applicable properly completed and executed Internal Revenue Service Form W-8 (or applicable successor form) attesting to such
transferee&rsquo;s tax status and the requisite certification by such transferee under penalties of perjury; <I>provided,</I> that,
if such transferee is disregarded for U.S. federal income tax purposes, such transferee shall instead have delivered to the Company
a properly completed and executed Internal Revenue Service Form W-9 (or applicable successor form) or an applicable Internal Revenue
Service Form W-8 (or applicable successor form) properly referencing such transferee and providing the relevant information of
the such transferee&rsquo;s regarded owner for U.S. federal income tax purposes and the requisite certification by such regarded
owner under penalties of perjury.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.5<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Transferability of Tripadvisor Common Stock</U>. During the six-month period commencing on the date of this Agreement,
Investor shall not Transfer any shares of Tripadvisor Common Stock under any circumstances to any other Person other than (i) to
a Controlled Affiliate of Investor (provided that such Controlled Affiliate agrees to the restrictions in this <U>Section 6.5</U>
as if it were Investor) or (ii) pursuant to a merger, consolidation or other business combination in which Tripadvisor is a constituent
corporation. Any purported Transfer in violation of this <U>Section 6.5</U> shall be null and void ab initio. For the avoidance
of doubt, <U>Section 6.4</U> and Section 4.6 of the Investment Agreement do not apply to the Tripadvisor Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.6<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Rule 16b-3</U>. Prior to the First Closing, the Board of Directors shall adopt resolutions exempting the Repurchase
under Rule 16b-3 under the Exchange Act in substantially the form mutually agreed by the parties prior to the date hereof. The
Company will provide Investor a copy of such resolutions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.7<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Overallotment Option</U>. If the Overallotment Option does not close by the thirteenth day from and including
the date of the closing of the Debenture Offering or within such longer period as agreed with the underwriters of the Debenture
Offering, then no Second Closing will take place and the Company shall have no obligation to repurchase, and Investor will have
no obligation to sell to the Company, the Second Closing Preferred Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.8<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Board of Directors</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Prior to the First Closing, Michael Gregory O&rsquo;Hara shall have delivered a resignation (the &ldquo;<U>Resignation</U>&rdquo;)
from the Board of Directors as the Series A Preferred Threshold Director (as defined in the Certificate), with such Resignation
to become effective as of and conditional upon the First Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Effective as of and conditional upon the Resignation becoming effective pursuant to <U>Section 6.8(a)</U>, Investor,
on behalf of itself and each other Investor Releasing Party, hereby (i) irrevocably waives any and all rights to exercise, and
agrees not to exercise at any time, the right to appoint the Series A Preferred Threshold Director pursuant to Section 8(a) of
the Certificate, (ii) fully and forever releases any and all claims, rights, actions and causes of action, arbitration or suit
of any kind, or other legal, equitable or other proceeding, whether known or unknown to the fullest extent the law allows, that
any Investor Releasing Party has ever had, now has or hereafter can, shall or may have against any Company Released Parties that
arise from or relate to the waiver contained in this <U>Section 6.8(b)</U> and (iii) irrevocably waives any rights it may have
to rescind, annul, cancel, modify, amend or otherwise change the terms of the waiver and agreement contained in this <U>Section
6.8 (b)</U>. Investor, on behalf of itself and each other Investor Releasing Party, agrees and acknowledges that, in addition to
the other restrictions on Transfer contained in this Agreement and in the Investment Agreement, it shall be a condition to the
Transfer of any shares of Preferred Stock that the transferee thereof shall agree to and become bound by the waiver and all of
the other agreements contained in this <U>Section 6.8(b).</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Effective upon the First Closing and subject to and contingent upon the Resignation, the Company agrees that the
authorized size of the Board of Directors shall be increased by two members (&ldquo;<U>New Board Seats</U>&rdquo;) (excluding the
Series A Preferred Threshold Director). Subject to and contingent upon such increase in the authorized size of the Board of Directors
and the Resignation, (i) contingent upon the effectiveness of the Resignation, Michael Gregory O&rsquo;Hara shall be appointed
to one of the New Board Seats as a Class III member with a term expiring at the Company&rsquo;s 2021 annual meeting of stockholders
and vice chairman of the Board of Directors, (ii) Investor shall have the right to nominate Mr. O&rsquo;Hara (x) to be included
in the slate of nominees recommended by the Board of Directors to the Company&rsquo;s stockholders for election as directors at
the Company&rsquo;s 2021 annual meeting of stockholders and (y) to be included in any future slate of such nominees for Class III
directors for so long as Investor beneficially owns shares of Preferred Stock with an aggregate Liquidation Price equal to at least
the Threshold Amount, (iii) for so long as Investor beneficially owns shares of Preferred Stock with an aggregate Liquidation Price
equal to at least the Threshold Amount, in the event Mr. O&rsquo;Hara is not elected as a director, the Company shall appoint Mr.
O&rsquo;Hara as a non-voting observer of the Board of Directors (the &ldquo;<U>Board Observer</U>&rdquo;); <I>provided</I> that
Mr. O&rsquo;Hara executes a confidentiality agreement with respect to any information he receives as a Board Observer in a form
reasonably acceptable to the Company prior to such appointment, (iv) in the event Investor ceases to beneficially own shares of
Preferred Stock with an aggregate Liquidation Price equal to at least the Threshold Amount, Investor shall cause Mr. O&rsquo;Hara
to immediately resign from the Board of Directors (or, if applicable, his Board Observer position, which shall automatically terminate
at such time) and (v) the Company shall cause to be appointed a diverse candidate to the other New Board Seat as soon as practicable
after the First Closing. The Board Observer shall be permitted to attend, strictly as an observer, meetings of the Board of Directors
or any committee thereof and material information delivered to the Board of Directors or any committee thereof, as applicable,
shall be delivered to the Board Observer at substantially the same time as delivered to other non-executive directors. The Board
Observer shall not have any voting rights with respect to any matters considered or determined by the Board of Directors or any
committee thereof, or be entitled to receive any compensation or reimbursement of expenses in his or her capacity as a Board Observer.
Any action taken by the Board of Directors at any meeting will not be invalidated by the absence of the Board Observer at such
meeting. Furthermore, notwithstanding the foregoing, the Board Observer shall be excluded from any meeting where his presence would
be reasonably likely (on the advice of counsel to the Company) to result in a waiver of attorney client privilege or pose a conflict
of interest with respect to any matter being discussed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Conditions to Closing</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Conditions to Investor&rsquo;s Obligations (First Closing)</U>. The obligation of Investor to consummate the transactions
contemplated by this Agreement to be consummated at the First Closing is subject to the satisfaction of the following conditions,
any of which may be waived in writing by the Investor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Judgments</U>. No temporary or permanent Judgment shall have been enacted, promulgated, issued, entered, amended
or enforced by any Governmental Authority nor shall any proceeding brought by a Governmental Authority seeking any of the foregoing
be pending, or any applicable Law shall be in effect enjoining or otherwise prohibiting consummation of the transactions to be
consummated on such Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Debenture Offering</U>. The Debenture Offering shall have closed with a minimum aggregate initial principal amount
of $300,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Representations and Warranties and Covenants of the Company</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>(A) The representations and warranties of the Company set forth in <U>Section 4.2</U> shall be true and correct in
all respects as of such Closing Date as though made on and as of such date and (B) the other representations and warranties of
the Company set forth in <U>Section 4</U> shall be true and correct (with respect to representations qualified by materiality or
Company Material Adverse Effect) or true and correct in all respects (with respect to all other representations), in each case,
as of the date hereof and as of such Closing as though made on and as of such date (except to the extent that any such representation
and warranty expressly speaks as of an earlier date, in which case such representation and warranty shall be true and correct as
of such earlier date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(ii)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Performance of Obligations of the Company</U>. The Company shall have performed, in all material respects, all
obligations required by this Agreement to be performed by it on or prior to such Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(iii)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Company shall have delivered a certificate to Investor, executed by the Company or one or more duly authorized
representatives thereof, as the case may be, as to the matters referred to in <U>Section 7.1(c)(i)</U> and <U>(ii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Board Action</U>. The Board of Directors (i) shall have taken all necessary actions to create the New Board Seats
and appoint Michael Gregory O&rsquo;Hara to one of the New Board Seats, in each case, effective automatically upon the First Closing
and subject to and contingent upon the Resignation and (ii) shall have provided evidence thereof reasonably satisfactory to Investor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Conditions to Investor&rsquo;s Obligations (Second Closing)</U>. The obligation of Investor to consummate the
transactions contemplated by this Agreement to be consummated at the Second Closing is subject to the satisfaction of the following
conditions, any of which may be waived in writing by Investor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Judgments</U>. No temporary or permanent Judgment shall have been enacted, promulgated, issued, entered, amended
or enforced by any Governmental Authority nor shall any proceeding brought by a Governmental Authority seeking any of the foregoing
be pending, or any applicable Law shall be in effect enjoining or otherwise prohibiting consummation of the transactions to be
consummated on such Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Conditions to Company&rsquo;s Obligations (First Closing)</U>. The obligation of the Company to consummate the
transactions contemplated by this Agreement to be consummated at the First Closing is subject to the satisfaction of the following
conditions, any of which may be waived in writing by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Judgments</U>. No temporary or permanent Judgment shall have been enacted, promulgated, issued, entered, amended
or enforced by any Governmental Authority nor shall any proceeding brought by a Governmental Authority seeking any of the foregoing
be pending, or any applicable Law shall be in effect enjoining or otherwise prohibiting consummation of the transactions to be
consummated on such Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Debenture Offering</U>. The Debenture Offering shall have closed with a minimum aggregate initial principal amount
of $300,000,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Revolver</U>. The Revolver shall have been terminated (the &ldquo;<U>Revolver Termination</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Representations and Warranties and Covenants of Investor</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The representations and warranties of Investor set forth in <U>Section 5</U> shall be true and correct (with respect
to representations qualified by materiality or Investor Material Adverse Effect) or true and correct in all respects (with respect
to all other representations), in each case, as of the date hereof and as of such Closing as though made on and as of such date
(except to the extent that any such representation and warranty expressly speaks as of an earlier date, in which case such representation
and warranty shall be true and correct as of such earlier date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(ii)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Investor shall have performed, in all material respects, all obligations required by this Agreement to be performed
by it on or prior to such Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(iii)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Investor shall have delivered a certificate to the Company, executed by Investor or one or more duly authorized representatives
thereof, as the case may be, as to the matters referred to in <U>Section 7.3(d)(i)</U> and <U>(ii)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Resignation Letter</U>. Michael Gregory O&rsquo;Hara shall have delivered a duly executed letter of Resignation
pursuant to <U>Section 6.8(a)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Conditions to Company&rsquo;s Obligations (Second Closing)</U>. The obligation of Company to consummate the transactions
contemplated by this Agreement to be consummated at the Second Closing is subject to the satisfaction of the following conditions,
any of which may be waived in writing by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>No Judgments</U>. No temporary or permanent Judgment shall have been enacted, promulgated, issued, entered, amended
or enforced by any Governmental Authority nor shall any proceeding brought by a Governmental Authority seeking any of the foregoing
be pending, or any applicable Law shall be in effect enjoining or otherwise prohibiting consummation of the transactions to be
consummated on such Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Overallotment Option</U>. The Overallotment Option shall have closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the
First Closing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>by written agreement of Investor and the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>by either Investor or the Company, by giving written notice of such termination to the other party if the First Closing
shall not have occurred on or prior to April 2, 2021 and the failure of the First Closing to occur is not caused by a breach of
this Agreement by the party seeking to terminate this Agreement pursuant to this <U>Section 8.1(b)</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>In the event of any termination of this Agreement pursuant to this <U>Section&nbsp;8</U>, this Agreement shall be
terminated, and there shall be no further liability or obligation hereunder or thereunder on the part of any party hereto; <I>provided</I>,
<I>however</I>, that nothing contained in this Agreement (including this sentence) will relieve any party from liability for any
breach of any of its representations, warranties, covenants or agreements set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Miscellaneous</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Survival</U>. The covenants made in this Agreement that by their terms are to be performed following each Closing
(including the covenants, agreements and restrictions set forth in <U>Section 6</U> and this <U>Section 9</U>) shall survive each
Closing and remain operative and in full force and effect until terminated in accordance with their respective terms. Regardless
of any purported general termination of this Agreement, the provisions of <U>Sections 8.2</U> and <U>9</U> shall remain operative
and in full force and effect as between Investor and the Company, unless Investor and the Company execute a writing that expressly
terminates such rights and obligations as between Investor and the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Notices</U>. Any notice, request, claim, demand or other communication under this Agreement shall be in writing
and shall be deemed given (a) on the date of delivery if delivered personally or sent via e-mail or (b) on the first (1<SUP>st</SUP>)
business day following the date of dispatch if sent by a nationally recognized overnight courier (providing proof of delivery),
to the address for such party set forth below or such other address as the recipient party has specified by prior written notice
to the other parties hereto and shall be deemed to have been given hereunder when receipt is acknowledged for personal delivery
or one day after deposit with a reputable overnight courier service; <I>provided, that,</I> should any such delivery be made by
e-mail, the sender shall also send a copy of the information so delivered on or before the next business day by a nationally recognized
overnight courier:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">If to the Company:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">Liberty TripAdvisor Holdings, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">12300 Liberty Boulevard</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">Englewood, Colorado 80112</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
Legal Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">Telephone:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>[Separately
provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>[Separately
provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Baker Botts L.L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">2001 Ross Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Suite 900</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Dallas, TX 75201</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samantha
Crispin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">Telephone:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>[Separately
provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>[Separately
provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">If to Investor:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Certares Management LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">350 Madison Avenue, 8th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">New York, NY 10017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Telephone:&nbsp;&nbsp;&nbsp;&nbsp;<I>[Separately
provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">Attention:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tom LaMacchia</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>[Separately
provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Simpson Thacher and Bartlett LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">425 Lexington Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">New York, NY 10017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Attention: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anthony F. Vernace</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rise Norman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">Telephone:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>[Separately provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"><I>&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;[Separately provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>[Separately
provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&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;<I>[Separately
provided]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governing Law; Consent to Jurisdiction</U>. This Agreement, and all claims or causes of action (whether in contract,
tort or statute) that may be based upon, arise out of or related to this Agreement, or the negotiation or performance of this Agreement
(including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection
with this Agreement or as an inducement to enter into this Agreement) shall be governed by and construed in accordance with the
laws of the State of Delaware without giving effect to the principles of conflicts of law. Each of the parties hereto hereby irrevocably
and unconditionally consents to submit to the exclusive jurisdiction of the courts of the State of Delaware for any action, suit,
investigation or proceeding, governmental or otherwise (&ldquo;<U>Proceeding</U>&rdquo;) arising out of or relating to this Agreement
and the Repurchase and further agrees that service of any process, summons, notice or document by U.S. mail to its respective address
set forth in this Agreement shall be effective service of process for any Proceeding brought against it in any such court. Each
of the parties hereto hereby irrevocably and unconditionally waives any objection to the laying of venue of any Proceeding arising
out of this Agreement or the Repurchase in the courts of the State of Delaware, and hereby further irrevocably and unconditionally
waives and agrees not to plead or claim in any such court that any such Proceeding brought in any such court has been brought in
an inconvenient forum. EACH OF THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHTS TO TRIAL BY JURY IN CONNECTION WITH ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
REPURCHASE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Entire Agreement</U>. This Agreement, together with the Investment Agreement, embodies the complete agreement
and understanding among the parties hereto with respect to the subject matter hereof or thereof and supersedes and preempts any
prior understandings, agreements or representations by or among the parties, written or oral, that may have related to the subject
matter hereof in any way.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.5<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Amendment; Waiver</U>. This Agreement may only be amended, modified, supplemented or terminated by an agreement
in writing signed by each party hereto. No waiver by any party of any of the provisions hereof shall be effective unless explicitly
set forth in writing and signed by the party so waiving.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.6<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Counterparts; Facsimile Signatures</U>. This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original, and all of which shall constitute one and the same document. This Agreement may be executed
by facsimile signatures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.7<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Interpretation</U>. The section headings contained in this Agreement are for convenience only and shall not in
any way affect the meaning or interpretation of this Agreement. Whenever the words &ldquo;include&rdquo;, &ldquo;includes&rdquo;
or &ldquo;including&rdquo; are used in this Agreement, they shall be deemed to be followed by the words &ldquo;without limitation.&rdquo;
Any reference in this Agreement to a particular section or subsection shall refer to a section or subsection of this Agreement,
unless specified otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.8<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Successors and Assigns</U>. Except as otherwise provided herein, neither this Agreement nor any of the rights
or obligations under this Agreement shall be assigned, in whole or in part (except by operation of law pursuant to a merger whose
purpose is not to avoid the provisions of this Agreement), by any party without the prior written consent of the other parties
hereto. Subject to the foregoing and except as provided herein, this Agreement shall bind and inure to the benefit of and be enforceable
by the parties hereto and their respective permitted successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.9<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Severability</U>. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable
in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not
affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction
as if such invalid, illegal or unenforceable provision had never been contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.10<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Expenses</U>. Except as otherwise provided in this Agreement, each of the parties will bear and pay all other
costs and expenses incurred by it or on its behalf in connection with the transactions contemplated pursuant to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.11<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Non-Recourse</U>. Except as contemplated by <U>Sections 6.2</U>, <U>6.3</U> and <U>6.8</U> with respect to the
Investor Releasing Parties, which shall not be limited in any way by this <U>Section&nbsp;9.11</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>This Agreement may only be enforced against, and any claims or causes of action that may be based upon, arise out
of or relate to this Agreement, or the negotiation, execution or performance of this Agreement may only be made against the entities
that are expressly identified as parties hereto, including entities that agree in writing for the benefit of the Company to be
bound by specified terms of this Agreement as contemplated herein, and no former, current or future equityholders, controlling
persons, directors, officers, employees, agents or Affiliates of any party hereto or any former, current or future equityholder,
controlling person, director, officer, employee, general or limited partner, member, manager, advisor, agent or Affiliate of any
of the foregoing (each, a &ldquo;<U>Non-Recourse Party</U>&rdquo;) shall have any liability for any obligations or liabilities
of the parties to this Agreement or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason
of, the Repurchase or in respect of any representations made or alleged to be made in connection herewith; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Without limiting the rights of any party against the other parties hereto, in no event shall any party or any of
its Affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement against, or seek to recover
monetary damages from, any Non-Recourse Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.12<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Remedies</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Each party hereto acknowledges that money damages would not be an adequate remedy in the event that any of the covenants
or agreements in this Agreement are not performed in accordance with its terms, and it is therefore agreed that in addition to
and without limiting any other remedy or right it may have, the non-breaching party will have the right to an injunction, temporary
restraining order or other equitable relief in any court of competent jurisdiction enjoining any such breach and enforcing specifically
the terms and provisions hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at law or
in equity shall be cumulative and not alternative, and the exercise or beginning of the exercise of any thereof by any party shall
not preclude the simultaneous or later exercise of any other such right, power or remedy by such party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.13<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Withholding</U>. All payments and distributions under this Agreement (including, without limitation, pursuant
to any Optional Repurchase) shall be subject to withholding and backup withholding of tax to the extent required by applicable
law, and amounts withheld, if any, shall be treated as received by Investor or other applicable holders. The Company shall notify
Investor if it intends to withhold any amounts pursuant to this <U>Section 9.13</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.14<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Intended Tax Treatment</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT> The parties hereto intend that for U.S. federal income tax purposes, the Repurchase shall be treated as a sale or
exchange of the shares of the Preferred Stock by Investor pursuant to Section 302(b) of the Code. The parties hereto agree to file
all tax returns in a manner consistent with the foregoing, except to the extent (i) otherwise required by a change in law (including
any interpretation by a Governmental Authority), (ii) following any failure of the representation made in <U>Section 5.13</U> to
be true and correct in all respects without regard to any knowledge qualifier therein as of each Closing Date as though made on
and as of such date, the Company reasonably determines that such an inconsistent tax reporting position is appropriate, or (iii)&nbsp;otherwise
required by a final &ldquo;determination&rdquo; within the meaning of Section 1313 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Investor shall include a statement described under Treasury Regulation Section 1.302-2(b)(2) with respect to the
Repurchase on Investor&rsquo;s U.S. federal income tax return (or returns) (including, for the avoidance of doubt, Internal Revenue
Service Form 1065) for the taxable year (or years, or portions thereof) that includes the applicable Closing Dates.</P>

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Left Blank Intentionally]</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0">Executed as of the
date first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>INVESTOR:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap; text-align: justify">CERTARES LTRIP LLC</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap; text-align: justify">By: Certares Management LLC, its manager</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: justify">By:&nbsp;&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: justify">/s/ Tom LaMacchia</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: left; width: 2%">Name:&nbsp;&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: justify; width: 46%">Tom LaMacchia</TD>
    <TD STYLE="white-space: nowrap; text-align: justify; width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: left">Title:</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">General Counsel and Managing Director</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>COMPANY:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

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    <TD COLSPAN="3" STYLE="white-space: nowrap; text-align: justify">LIBERTY TRIPADVISOR HOLDINGS, INC.</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: justify"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; white-space: nowrap; text-align: justify">/s/ Renee L. Wilm</TD>
    <TD STYLE="white-space: nowrap; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 2%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%">Name:&nbsp;&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 46%">Renee L. Wilm</TD>
    <TD STYLE="white-space: nowrap; width: 50%; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">Title:</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">Chief Legal Officer &amp; Chief Administrative Officer</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; text-align: justify">&nbsp;</TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-99.7(G)
<SEQUENCE>3
<FILENAME>tm2110513d1_ex7g.htm
<DESCRIPTION>EXHIBIT 99.7(G)
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 7(g)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ASSISTANT SECRETARY&rsquo;S CERTIFICATE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(<FONT STYLE="font-family: Times New Roman, Times, Serif">Liberty
TripAdvisor Holdings, Inc.)</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">I, Ruth M. Huff, Assistant Secretary of <FONT STYLE="font-family: Times New Roman, Times, Serif">Liberty
TripAdvisor Holdings, Inc.</FONT> (the &ldquo;<B>Corporation</B>&rdquo;), do hereby certify as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each of Renee L. Wilm, Craig Troyer, Brittany A.
Uthoff and Katherine C. Jewell has been and is now a duly elected and qualified Chief Legal Officer, Senior Vice President, Vice President
and Assistant Vice President, respectively, of the Corporation. Pursuant to the Corporation&rsquo;s organization documents and as authorized
by the Corporation&rsquo;s board of directors, officers of the Corporation with the title of Chief Legal Officer, Senior Vice President,
Vice President or Assistant Vice President have the authority, on behalf of the Corporation, to execute and file reports, schedules and
forms with regulatory agencies, including, without limitation, the United States Securities and Exchange Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>IN WITNESS WHEREOF, </B>I have executed this
certificate as of the 24th day of March, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 50%; padding-bottom: 0.5pt">/s/ Ruth M. Huff</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Ruth M. Huff, Assistant Secretary</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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