exhibit 10. 1 master agreement dated august 20, 2004 otto ( gmbh & co kg ) otto freizeit und touristik gmbh travelocity. com lp travelocity gmbh kommanditgesellschaft travel overland flugreisen gmbh & co. travelocity holdings gmbh contents clause page 1. restructuring of 2001 joint venture and sale of the business in france, uk and scandinavia 2 2. funding arrangements 2 3. condition precedents 3 4. closing 4 5. rescission 5 6. interim period 5 7. further undertakings 6 8. further assurance 6 9. statements of the parties 7 10. confidentiality 7 11. costs and expenses 7 12. final provisions 7 clause clause page page 1. 1. restructuring of 2001 joint venture and sale of the business in france, uk and scandinavia restructuring of 2001 joint venture and sale of the business in france, uk and scandinavia 2 2 2. 2. funding arrangements funding arrangements 2 2 3. 3. condition precedents condition precedents 3 3 4. 4. closing closing 4 4 5. 5. rescission rescission 5 5 6. 6. interim period interim period 5 5 7. 7. further undertakings further undertakings 6 6 8. 8. further assurance further assurance 6 6 9. 9. statements of the parties statements of the parties 7 7 10. 10. confidentiality confidentiality 7 7 11. 11. costs and expenses costs and expenses 7 7 12. 12. final provisions final provisions 7 7 this agreement is made in hamburg the 20. august 2004 between ( 1 ) otto ( gmbh & co kg ) ( otto ) having its corporate seat in hamburg, germany, registered with the commercial register of the local court of hamburg under hra 62024 ; and ( 2 ) otto freizeit und touristik gmbh ( oft ) having its corporate seat in hamburg, germany, registered with the commercial register of the local court of hamburg under hrb 53725 ; and ( 3 ) travelocity. com lp ( travelocity ) having its corporate seat in southlake, texas, usa ; and ( 4 ) travelocity gmbh ( tvl gmbh ), having its corporate seat in munich, germany, registered with the commercial register of the local court of munich under hrb 141895 ; and ( 5 ) kommanditgesellschaft travel overland flugreisen gmbh & co ( teu partnership ), having its corporate seat in munich,