Common use of Amendment of the By-Laws Clause in Contracts

Amendment of the By-Laws. Upon execution of this Agreement, the Board of Directors shall amend the By-Laws of the Company to create the following committees of the Board ("Subsidiary Committees") which shall have the authority to vote all of the shares of common stock of the respective Subsidiaries held by the Company: ---------------------------------------------- --------------------------------- Name of Operating Subsidiary Type of Director ---------------------------- ---------------- ---------------------------------------------- --------------------------------- ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc. ("Marketing") Tomer Group Director ---------------------------------------------- --------------------------------- Tomer Group Director ---------------------------------------------- --------------------------------- Tomer Group Director ---------------------------------------------- --------------------------------- ▇▇▇▇▇ Group Director ---------------------------------------------- --------------------------------- ▇▇▇▇▇ Group Director ---------------------------------------------- --------------------------------- ---------------------------------------------- --------------------------------- RezConnect Technology, Inc. ("Technology") ▇▇▇▇▇ Group Director ---------------------------------------------- --------------------------------- ▇▇▇▇▇ Group Director ---------------------------------------------- --------------------------------- ▇▇▇▇▇ Group Director ---------------------------------------------- --------------------------------- Tomer Group Director ---------------------------------------------- --------------------------------- Tomer Group Director ---------------------------------------------- --------------------------------- (1) ▇▇▇▇▇ Group Director ---------------------------------------------- --------------------------------- ▇▇▇▇▇ Group Director ---------------------------------------------- --------------------------------- Tomer Group Director ---------------------------------------------- --------------------------------- Tomer Group Director ---------------------------------------------- --------------------------------- Outside Independent Director ---------------------------------------------- --------------------------------- (1) Upon the Company's Board of Directors being increased to nine (9) members including the appointment of the Outside Independent Director, the Board of Directors of the Booking Subsidiary will be increased to five (5) members and the Outside Independent Director shall be appointed to serve on such Board. The By-Laws shall also be amended to provide that, for so long as this Agreement is in effect, the By-Laws cannot be amended without the unanimous written consent of the Board of Directors of the Company.