Document:

<PAGE>
                                                                   EXHIBIT 10.94

               COMPUWARE FY200X EXECUTIVE INCENTIVE PLAN-CORPORATE

                                           PARTICIPANT NAME:
                                           TIER: TIER 1
                                           EMPLOYEE NUMBER:
                                           ANNUAL BASE SALARY:
                                           PLAN EFFECTIVE DATE: APRIL 1, 200X

PURPOSE
The purpose of the Executive Incentive Plan (the "Plan") is to motivate
Participants to achieve the annual business plan while positioning the Company
for long term results, and to provide an opportunity to share in the Company's
success. The Plan is composed of two parts: an Annual Incentive and a Long Term
Incentive. The Long Term Incentive includes both a Performance Cash Award and a
Non Qualified Stock Option Plan.

ADMINISTRATION
This Plan is administered by the Compensation Committee of the Board of
Directors ("Committee"). The decision to make payouts under this Plan is at the
Committee's discretion, subject to Board approval.

PARTICIPANT ELIGIBILITY
This Plan, effective April 1, 200X, through March 31, 200X, supersedes all prior
company incentive plans or arrangements. Participation is limited to
pre-identified members of management or other key employees. Senior management
must evaluate Participant's work performance and the overall performance of the
organization as satisfactory for the Participant to be eligible for incentive
payments under this Plan.

Participants who become eligible for the Plan after April 1, 200X, will have any
earned awards prorated from the beginning of the month following eligibility for
the Plan based on the salary in effect at the time of eligibility. Stock option
eligibility will become effective at the start of the next fiscal year.

Participants who transfer out of the Plan to another Compuware position after
April 1, 200X, will be eligible to earn a prorated award based on the number of
full months of participation.

I.   ANNUAL INCENTIVE
     The Participant is eligible for an Annual Incentive award equal to XX% of
     base salary (as of April 1, 200X) at target or $XXX,000. The Annual
     Incentive award is based on the level of actual performance compared to the
     performance targets. The Annual Incentive award will be calculated and paid
     in cash as detailed in the Performance Award section.

II.  LONG TERM INCENTIVE
     A.  LONG TERM PERFORMANCE CASH AWARD
     The Participant is also eligible for a Long Term Performance Cash Award
     equal to XX% of base salary (as of April 1, 200X) or $XXX,000 at target.
     The Long Term Performance Cash Award is based upon performance consistent
     with the performance measurements used to calculate the Annual Incentive
     award. The Long Term Performance Cash Award will be calculated as detailed
     in the Performance Award section.

     However, no portion of this award is earned or payable until the end of the
     second year following the year the performance is measured and achieved
     (called the "Base Year"), and is subject to forfeiture if the Participant
     is not employed at the time the award is payable (see Termination of
     Employment section).

--------------------------------------------------------------------------------
Corporate Executive Plan FYO5
<PAGE>

               COMPUWARE FY200X EXECUTIVE INCENTIVE PLAN-CORPORATE

     B.  NON-QUALIFIED STOCK OPTIONS (NQSOS)
     At the beginning of the Plan year, each Participant will also receive a
     number of Non-Qualified Stock Options (NQSOs) in an amount equal to XX% of
     his/her base salary (as of April 1, 200X) divided by 10. The actual number
     of stock options granted to you is XX,XXX and may be adjusted as a result
     of future stock splits that may occur. The ultimate value of the stock
     options will depend upon the performance of the company stock over the
     option term as well as when the options are exercised.

     The FYXX option grant will be at the strike price of $X.XX as determined by
     the average of the high and low price of Compuware stock on March 31, 200X.
     The specific terms and conditions of the stock option grant will be set
     forth in a Stock Option Plan and a Stock Option Agreement that you will
     receive separately.

PERFORMANCE AWARD
This section outlines information on the Participant's Performance Award
Categories and Weightings, Payout Schedule and Performance Targets.

PERFORMANCE AWARD CATEGORIES AND WEIGHTINGS- The Participant is eligible for
specified awards under this Plan according to the following performance weighted
categories and payout schedule.

<TABLE>
<CAPTION>
------------------------------- ------------------------- -- -------------------------

       PERFORMANCE AWARD                  EPS                    COMPANY REVENUE
          CATEGORIES                                                WORLDWIDE
------------------------------- ------------------------- -- -------------------------
<S>                             <C>                          <C>
          WEIGHTINGS                      XX%                          XX%

------------------------------- ------------------------- -- -------------------------
  ANNUAL INCENTIVE AWARD AT
       100% ATTAINMENT                  $XXX,000                     $XXX,000

------------------------------- ------------------------- -- -------------------------
  LONG TERM PERFORMANCE CASH
   AWARD AT 100% ATTAINMENT             $XX,000                      $XX,000
------------------------------- ------------------------- -- -------------------------
</TABLE>

PAYOUT SCHEDULE- The Annual Incentive Award payment based on EPS and Company
Revenue Worldwide will be made as soon as administratively practical following
the close of the fiscal year.

The Long Term Performance Cash Award payment will be made as soon as
administratively practical following the close of the second fiscal year
following the Base Year.

PERFORMANCE TARGETS - The following schedule presents the targets for each
performance category. Each performance category is independent of the other(s).
Award amounts will be pro-rated between performance levels:

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------

                           % OF AWARD                                % OF AWARD
           EPS               ACHIEVED     COMPANY REVENUE WORLDWIDE   ACHIEVED
-----------------------------------------------------------------------------------
<S>                      <C>              <C>                        <C>
                               50%                                       50%
-----------------------------------------------------------------------------------
                               100%                                     100%
-----------------------------------------------------------------------------------
                               150%                                     150%
-----------------------------------------------------------------------------------
</TABLE>

--------------------------------------------------------------------------------
Corporate Executive Plan FYO5
<PAGE>
              COMPUWARE FY200X EXECUTIVE INCENTIVE PLAN-CORPORATE

TERMINATION OF EMPLOYMENT
In the event that Compuware or the Participant voluntarily or involuntarily
terminates the employment of the Participant prior to the payment of the Annual
Incentive award or, under the Long Term Performance Cash Award prior to the end
of the Base Year, the Participant will not receive any portion of the Annual
Incentive award or the Long Term Performance Cash Award.

If, under the Long Term Performance Cash Award, the Participant terminates
employment before payout of the award but after the end of the Base Year, no
portion of the Long Term Performance Cash Award will be paid unless the
termination is due to retirement, death, total disability, or reduction in
force. The Senior Vice-President of Human Resources will have the responsibility
to interpret this provision for determining eligibility for payout.

Entitlement to or vesting of option grants, if any, in connection with
termination of employment will be governed by the applicable Stock Option Plan
and Stock Option Agreement.

EXTRAORDINARY ITEMS
The Committee has the discretion to include or exclude any extraordinary items
(i.e. acquisitions, divestitures, significant changes in accounting, etc.) in
the calculation of the Company's performance as it applies to the Performance
Award.

GENERAL
If any dispute arises concerning payments to the Participant under the terms of
this Plan, the Participant agrees not to initiate legal action until he or she
has first presented such concerns directly to the Committee in writing, and
until the Committee has a reasonable time in which to review and address those
concerns. No legal action arising out of this Plan may be brought by either
party more than one year after the cause of action has occurred. This Plan shall
be construed, interpreted, and governed by the laws of State of Michigan. In the
event of legal action, the prevailing party shall be entitled to receive from
the opposing party the costs incurred in such legal action, including but not
limited to reasonable attorney's fees.

CHANGES TO PLAN & LIMITED RIGHTS
Compuware reserves the right to change or discontinue this Plan for any reason
at any time without prior notice. Nothing set forth in this Plan is intended to
confer upon the Participant any legal right to continued employment.

ACCEPTED:

--------------------------------------------------------------------------------
                                                                  Date

--------------------------------------------------------------------------------
                                                                  Date

--------------------------------------------------------------------------------
Corporate Executive Plan FYO5<PAGE>
                                                                    EXHIBIT 10.1

                       THIRD AMENDMENT TO CREDIT AGREEMENT

      THIRD AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as of July
7, 2004, among STARWOOD HOTELS & RESORTS WORLDWIDE, INC., a Maryland corporation
(the "Corporation"), each additional ALTERNATE CURRENCY REVOLVING LOAN BORROWER
from time to time party to the Credit Agreement (as referred to below) (together
with the Corporation, collectively, the "Borrowers"), the LENDERS from time to
time party to the Credit Agreement (the "Lenders"), DEUTSCHE BANK AG, NEW YORK
BRANCH, as Administrative Agent (in such capacity, the "Administrative Agent"),
JPMORGAN CHASE BANK, as Syndication Agent (in such capacity, the "Syndication
Agent"), BANK OF AMERICA, N.A., FLEET NATIONAL BANK and SOCIETE GENERALE, as
Co-Documentation Agents (in such capacity, collectively, the "Co-Documentation
Agents" and each, a "Co-Documentation Agent"), and DEUTSCHE BANK SECURITIES INC.
and J.P. MORGAN SECURITIES INC. as Co-Lead Arrangers and Joint Book Running
Managers (in such capacity, collectively, the "Managers"). Unless otherwise
defined herein, all capitalized terms used herein shall have the respective
meanings provided such terms in the Credit Agreement referred to below.

                                   WITNESSETH:

      WHEREAS, the Corporation, the Lenders, the Administrative Agent, the
Syndication Agent, the Co-Documentation Agents and the Managers are parties to
that certain Credit Agreement, dated as of October 9, 2002 (as amended, modified
and/or supplemented to, but not including, the date hereof, the "Credit
Agreement");

      WHEREAS, the Corporation and its Subsidiaries desire to, inter alia,
increase the permitted aggregate amount of Incremental Term Loan Commitments set
forth in Section 1.19(a) of the Credit Agreement; and

      WHEREAS, in connection with the foregoing, the Corporation and its
Subsidiaries wish to request certain modifications to provisions in the Credit
Agreement in order to permit the matters described herein, subject to all of the
terms and provisions contained in this Amendment and only to the extent set
forth in this Amendment.

      NOW, THEREFORE, it is agreed:

PART I. AMENDMENTS TO THE CREDIT AGREEMENT.

      SECTION 1. Incremental Term Loan Commitments; Section 1.19. From and after
the Third Amendment Effective Date (as defined below), Section 1.19(a) of the
Credit Agreement shall be amended by deleting the amount "$200,000,000"
appearing in said Section and inserting the amount "$400,000,000" in lieu
thereof.

      SECTION 2. Incremental Revolving Loan Commitments: Section 1.20. From and
after the Third Amendment Effective Date, Section 1.20(a) of the Credit
Agreement shall be

<PAGE>

amended by deleting the amount "$200,000,000" appearing in said Section and
inserting the amount "$400,000,000" in lieu thereof.

PART II. MISCELLANEOUS PROVISIONS

      A. Each Guarantor, by its signature below, hereby confirms that its
Guaranty shall remain in full force and effect and its Guaranty covers the
obligations of each of the relevant Borrowers under the Credit Agreement, as
modified and amended by this Amendment.

      B. In order to induce the Lenders to enter into this Amendment, the
Corporation represents and warrants to the Lenders that, on the Third Amendment
Effective Date, before, as of and after giving effect to the execution, delivery
and performance by the Corporation of this Amendment and the transactions
contemplated hereby, (i) there shall exist no Default or Event of Default and
(ii) all representations and warranties contained in the Credit Agreement and in
the other Credit Documents are true and correct in all material respects with
the same effect as though such representations and warranties had been made on
the Third Amendment Effective Date (it being understood and agreed that any
representation or warranty which by its terms is made as of a specified date
shall be true and correct in all material respects only as of such specified
date).

      C. This Amendment is limited as specified and shall not constitute a
modification, acceptance or waiver of any other provision of the Credit
Agreement or any other Credit Document.

      D. This Amendment may be executed in any number of counterparts and by the
different parties hereto on separate counterparts, each of which counterparts
when executed and delivered shall be an original, but all of which shall
together constitute one and the same instrument. A complete set of counterparts
shall be lodged with the Corporation and the Administrative Agent.

      E. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF
NEW YORK.

      F. This Amendment shall become effective on the date (the "Third Amendment
Effective Date") when each of the Borrowers, each Guarantor and the Required
Lenders shall have signed a counterpart hereof (whether the same or different
counterparts) and shall have delivered (including by way of facsimile
transmission) the same to the Administrative Agent (or its designee).
Administrative Agent shall promptly deliver notice to the Corporation of the
occurrence of the Third Amendment Effective Date.

      G. From and after the Third Amendment Effective Date, all references in
the Credit Agreement and each of the other Credit Documents to the Credit
Agreement shall be deemed to be references to the Credit Agreement as modified
hereby. This Amendment shall constitute a Credit Document for all purposes under
the Credit Agreement and the other Credit Documents.

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
officers to execute and deliver this Amendment as of the date first above
written.

                                      STARWOOD HOTELS & RESORTS
                                        WORLDWIDE, INC., as the Borrower and
                                        Guarantor

                                      By: /s/ Jeff S. Drew
                                          ---------------------------------
                                          Name: JEFF S. DREW
                                          Title: SVP & TREASURER

                                      STARWOOD CANADA CORP., as an Alternate
                                        Currency Revolving Loan Borrower

                                      By: /s/ Jeff S. Drew
                                          ---------------------------------
                                          Name: Jeff S. Drew
                                          Title: Authorized Signatory

                                      SHERATON HOLDING CORPORATION, as
                                        Guarantor

                                      By: /s/ Jeff S. Drew
                                          ---------------------------------
                                          Name: Jeff S. Drew
                                          Title: Vice President and Treasurer

                                      DEUTSCHE BANK AG, NEW YORK BRANCH,
                                        Individually and as Administrative Agent

                                      By: /s/ Steven P. Lapham
                                          ---------------------------------
                                          Name: Steven P. Lapham
                                          Title: Managing Director

                                      By: /s/ Brenda Casey
                                          ---------------------------------
                                          Name: Brenda Casey
                                          Title: Vice President

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      Bank of America, N.A.

                                      By: /s/ Lesa J Butler
                                          ---------------------------------
                                          Name: Lesa J Butler
                                          Title: Principal

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC. CERTAIN ADDITIONAL ALTERNATE CURRENCY
                                      REVOLVING LOAN BORROWERS, THE VARIOUS
                                      LENDERS PARTY THERETO, DEUTSCHE BANK AG,
                                      NEW YORK BRANCH, AS ADMINISTRATIVE AGENT,
                                      JPMORGAN CHASE BANK, AS SYNDICATION AGENT
                                      AND BANK OF AMERICA, N.A., FLEET NATIONAL
                                      BANK AND SOCIETE GENERALE, AS
                                      CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      BANK OF HAWAII

                                      By: /s/ Andrew Chang
                                          ---------------------------------
                                          Name: Andrew Chang
                                          Title: Assistant Vice President

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      BANK OF MONTREAL

                                      By: /s/ Greg K Steele
                                          ----------------------------------
                                          Name: Greg K Steele
                                          Title: Vice President

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      Bank One, NA

                                      By: /s/ Donald Shokrian
                                          ---------------------------------
                                          Name: Donald Shokrian
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      BANK LEUMI USA

                                      By: /s/ Joung Hee Hong
                                          ---------------------------------
                                          Name: Joung Hee Hong
                                          Title: Vice President

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      THE BANK OF NOVA SCOTIA

                                      By: /s/ Kate Pigott
                                         ---------------------------------
                                          Name: Kate Pigott
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      GRAYSTON CLO 2001-01 LTD.
                                      By: Bear Sterns Asset Management Inc.
                                      as its Collateral Manager

                                      By: /s/ Anthony Stark
                                          ---------------------------------
                                          Name: Anthony Stark
                                          Title: V.P.

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      CHANG HWA COMMERCIAL BANK. LTD.
                                      NEW YORK BRANCH

                                      By: /s/ Kang Yang        08/12/04
                                          ---------------------------------
                                          Name: Kang Yang
                                          Title: AVP & AGM

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK.
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      Chiao Tung Bank Co., Ltd. New York Agency

                                      By: /s/ Kuang-Hua Wei
                                          ---------------------------------
                                          Name: Kuang-Hua Wei
                                          Title: SVP & General Manager

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      ERSTE BANK, NEW YORK BRANCH

                                      By: /s/ Gregory T. Aptman
                                          ---------------------------------
                                          Name: Gregory T. Aptman
                                          Title: Vice President

                                      By: /s/ Bryan Lynch
                                          ---------------------------------
                                          Name: Bryan Lynch
                                          Title: First Vice President

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      FIRST HAWAIIAN BANK

                                      By: /s/ Charles L. Jenkins
                                          ---------------------------------
                                          Name: Charles L. Jenkins
                                          Title: Senior Vice President, Manager

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A, FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      FLEET NATIONAL BANK

                                      By: /s/ Lesa J Butler
                                          ---------------------------------
                                          Name: Lesa J Butler
                                          Title: Principal

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      ING REAL ESTATE FINANCE (USA) LLC

                                      By: /s/ David A. Mazujian
                                          ---------------------------------
                                          Name: David A. Mazujian
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS. THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      JPMorgan Chase Bank

                                      By: /s/ Donald Shokrian
                                          ---------------------------------
                                          Name: Donald Shokrian
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      LEHMAN COMMERCIAL PAPER INC.

                                      By: /s/ Janine M. Shugan
                                          ---------------------------------
                                          Name: Janine M. Shugan
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      MIZUHO CORPORATE BANK LIMITED

                                      By: /s/ Mark Gronich
                                          ---------------------------------
                                          Name: Mark Gronich
                                          Title: Senior Vice President

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALS, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      THE NORINCHUKIN BANK NEW YORK BRANCH

                                      By: /s/ Masanori Shoji
                                          ---------------------------------
                                          Name: Masanori Shoji
                                          Title: Joint General Manager

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                      SANPAOLO IMI S.p.A.

                                      By: /s/ Cathy R. Lesse
                                          ---------------------------------
                                          Name: Cathy R. Lesse
                                          Title: Vice President

                                      By: /s/ Carlo Persico
                                          ---------------------------------
                                          Name: Carlo Persico
                                          Title: CEO for the Americas

<PAGE>

                                      SIGNATURE PAGE TO THE THIRD AMENDMENT
                                      DATED AS OF JULY 7, 2004, TO THE CREDIT
                                      AGREEMENT, DATED AS OF OCTOBER 9, 2002,
                                      AMONG STARWOOD HOTELS & RESORTS WORLDWIDE,
                                      INC., CERTAIN ADDITIONAL ALTERNATE
                                      CURRENCY REVOLVING LOAN BORROWERS, THE
                                      VARIOUS LENDERS PARTY THERETO, DEUTSCHE
                                      BANK AG, NEW YORK BRANCH, AS
                                      ADMINISTRATIVE AGENT, JPMORGAN CHASE BANK,
                                      AS SYNDICATION AGENT AND BANK OF AMERICA,
                                      N.A., FLEET NATIONAL BANK AND SOCIETE
                                      GENERALE, AS CO-DOCUMENTATION AGENTS

                                      NAME OF INSTITUTION:

                                        Societe Generale

                                      By: /s/ Thomas K. Day
                                          ---------------------------------
                                          Name: Thomas K. Day
                                          Title: Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00073-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00073-of-00352.parquet"}]]