Service Agreement - Travelzoo.com Corp. and Silicon Channels Corp. d/b/a Travelzoo.com Sales Inc.
[Logo Omitted]
Memo
To: Travelzoo.com Corporation; Travelzoo.com Sales, Inc.
From: Ralph Bartel
CC:
Date: 01/02/99
Re: Agreement
Service Agreement
This is to confirm that both parties agreed today that Travelzoo.com
Corporation outsources all operations to Silicon Channels Corporation dba
Travelzoo.com Sales, Inc.. Travelzoo.com Sales, Inc. will receive a 50%
split of the net income (before income taxes) generated from operating
the Trazelzoo.com web site and its business.
This agreement shall become effective on January 1, 1999. This agreement
replaces the existing contract dated October 10, 1998.
/s/ R. Bartel
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Ralph Bartel
President
Silicon Channels Corporation dba Travelzoo.com Sales, Inc.
/s/ R. Bartel
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Ralph Bartel
Chairman and Chief Executive Officer
Travelzoo.com Corporation
January 2, 1999