Document:

Exhibit 10.2

FIRST AMENDMENT TO
 HOTEL PURCHASE AND SALE AGREEMENT

          THIS FIRST AMENDMENT TO HOTEL PURCHASE AND SALE AGREEMENT (this “Amendment”), dated effective as of the 23rd day of November 2005, is made by and between TEACHERS’ RETIREMENT SYSTEM OF THE STATE OF ILLINOIS, a retirement system created pursuant to the laws of the State of Illinois (“Seller”), and DIAMONDROCK ORLANDO AIRPORT OWNER, LLC, a Delaware limited liability company, and its permitted assigns (“Purchaser”).

          WHEREAS, Seller and Purchaser entered into that certain Hotel Purchase and Sale Agreement (the “Agreement”), having an effective date of October 11, 2005; and

          WHEREAS, Seller and Purchaser desire to amend the Agreement as hereinafter provided.

          NOW THEREFORE, for and in consideration of the mutual covenants of the parties hereto, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and confessed by the parties, the parties agree as follows:

          1.     Each capitalized term not defined herein shall have the meaning ascribed to such term in the Agreement.

          2.     Purchaser hereby withdraws the conditional termination contained in the letter from Sung Lee of Akin Gump Strauss Hauer & Feld, LLP to Seller, dated November 10, 2005.

          3.     The Purchase Price shall be Seventy Million and No/100 Dollars ($70,000,000.00).

          4.     The Title Company shall be First American Title Insurance Company, National Commercial Services Division, 1801 K Street, NW Suite 200-K, Washington, DC 20006, Attention: Brian A. Lobuts, Vice President and Associate Regional Director.

          5.     The Date of Closing shall be December 16, 2005.  

          6.     The Additional Deposit was made on November 22, 2005.

          7.     Seller and Purchaser agree that the existing management agreement at the Property with Interstate will terminate as of 11:59 p.m. on December 16, 2005.  Section 11.26 of the Agreement is hereby amended by inserting the following in line 25 after the phrase “Purchaser hereunder”:  “or (D) Seller’s property manager (Interstate) continuing to manage the Property from 11:59 p.m. on December 15, 2005 to and including the termination of such management agreement and the commencement of the management of the Property by Marriott.”

          8.     The third (3rd) sentence through the remainder of Section 3.2 is hereby deleted and the following is inserted in its place: 

	
  
 
  	
  
“Purchaser and Seller acknowledge and agree that   Purchaser received the Title Commitment and the Existing Survey and Purchaser   delivered to Seller certain objections thereto (“Initial Title Notice”).  Purchaser shall have until November 29,   2005 to provide written notice to Seller of any matters affecting title to   the Property as depicted on the Survey which were not raised in the Initial   Title Notice and/or was on the Existing Survey and/or was raised in the Title   Commitment (the “Survey Objections” and together with the objections raised   in the Initial Title Notice, the “Title Objections”), which are not   satisfactory to Purchaser, which notice (“Title Notice”) must specify the   reason such matters are not satisfactory, and the curative steps necessary to   remove the basis for Purchaser’s disapproval.  Seller shall have until December 2, 2005 to make such   arrangements or take such
steps as the parties shall mutually agree upon in   order to satisfy Purchaser’s objections; provided, however, that Seller shall   have no obligation whatsoever to expend or agree to expend any funds, to   undertake or agree to undertake any obligations or otherwise to attempt to   cure or agree to attempt to cure any Survey Objections, and Seller shall not   be deemed to have any obligation to attempt to cure any such matters unless   Seller expressly undertakes such an obligation by a written notice to or   written agreement with Purchaser given or entered into on or prior to   December 2, 2005, and which recites that it is in response to a Title   Notice.  Purchaser’s sole right with   respect to any Survey Objections contained in a Title Notice given in a   timely manner shall be to elect on or before December 5, 2005 to terminate   this Agreement pursuant to Section 3.5 hereof in which event the Deposit   shall be returned to Purchaser.  All   Survey Objections with respect
to which a timely Title Notice is given but   Seller cures prior to closing, shall be deemed to be approved by Purchaser as   “Permitted Exceptions” as provided in Section 3.4 hereof.  Notwithstanding the foregoing, Seller   further agrees to remove any exceptions or encumbrances to title which are   voluntarily created by, under or through Seller after the Effective Date   without Purchaser’s consent, and any liens for unpaid taxes, assessments and   other charges which are due and payable, mechanics and materialman’s liens,   judgment liens, and any mortgages, deeds of trust and security interests   encumbering any of the Property, all of which shall be deemed Title   Objections.  The last two (2) bolded   paragraphs of the Initial Title Notice are deleted in their entirety.”
  

          9.     The following is added to Section 3.5 of the Agreement:

	
  
 
  	
  
“Notwithstanding anything in this Agreement to the   contrary, Purchaser shall have the right, by giving Seller a Termination   Notice, on or before 5:00 p.m. E.S.T. on December 5, 2005 to terminate its   obligation to purchase the Property if the parties do not reach mutually   agreeable arrangements to satisfy Purchaser’s Title Objections made in   Purchaser’s Initial Title Notice and Title Notice as set forth in Section   3.2.  If such Termination Notice is   timely given, the Title Company shall return the Deposit to Purchaser and   neither party shall have any further obligations or liability hereunder,   except Purchaser’s Indemnity Obligations set forth in Section 3.1.2 hereof   and the Confidentiality Obligations set forth in Section 3.6 hereof.”
  

          10.    Except as modified and amended as set forth in this Amendment, the Agreement shall remain unmodified and in full force and effect.  This Amendment may be executed in any number of counterparts, each of which shall be an original and all of such counterparts together shall constitute one and the same instrument.  To facilitate the execution of this Amendment, the parties may execute and deliver counterparts of this Amendment by telephone facsimile.

[SIGNATURE PAGES FOLLOW]

2

          IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first above written.

	
  
 
  	
  
SELLER:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
TEACHERS’   RETIREMENT SYSTEM OF THE STATE OF ILLINOIS, a retirement   system created pursuant to the laws of the State of Illinois
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
Stone-Levy LLC
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
Investment Advisor And Duly
   Authorized Agent
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
By:
  	
  
/s/ Arnold S. Levy
  
	
  
 
  	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
 
  	
  
Name:  
  	
  
Arnold S. Levy
  
	
  
 
  	
  
 
  	
  
Title:
  	
  
President
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
PURCHASER:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
DIAMONDROCK   ORLANDO AIRPORT OWNER, LLC, a Delaware limited liability   company
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/ Michael Schecter
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
Michael Schecter
  
	
  
 
  	
  
Title:
  	
  
Director
  

3Exhibit 10.1

Computer Horizons Corp. 

	
  
 
  	
  
November 15, 2005
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Marci Braunstein
  
	
  
 
  	
  
3 Middlesworth Farm Road
  
	
  
 
  	
  
Long Valley, New Jersey   07853
  
	
  
 
  	
  
 
  
	
  
 
  	
  
RE: Revised Offer Letter
  
	
   
  	
  
 
  
	
  
 
  	
  
Dear Marci:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
On behalf of Computer   Horizons Corp. (CHC), I am pleased to extend to you an offer of employment   for the position of Controller commencing on or before November 29, 2005.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Your compensation and   benefits package includes the following:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
•
  	
  
A starting semi-monthly   salary of $5,416.66.
  
	
  
 
  	
  
•
  	
  

A one-year employment agreement. Should your agreement be terminated by Computer
Horizons on or prior to the end of the employment period, you will be entitled
to receive pay equal to the remainder of the contract or four months severance
pay, whichever is greater. A formal employment agreement will be issued to you
upon hire.
 
	
   
  	
  
•
  	
  
Discretionary annual   management bonus based on the profitability of Computer Horizons Corp.
  
	
  
 
  	
  
•
  	
  

Three weeks vacation time immediately upon hire. Beginning November 1, 2006 and
thereafter, you will be awarded three weeks of vacation time annually in
accordance with our normal vacation policy.
 
	
  
 
  	
  
•
  	
  
401 (k) and employee stock   purchase plans.
  
	
  
 
  	
  
•
  	
  

Medical insurance and prescription drug coverage through UnitedHealthcare.
Dental coverage through Aetna. Vision coverage through Vision Service
Plan.
 
	
  
 
  	
  
•
  	
  
Life insurance, short-term   and long-term disability insurance.
  
	
  
 
  	
  
•
  	
  
Medical and dependent flex   spending programs.
  
	
   
  	
  
•
  	
  
Tuition reimbursement,   adoption benefit program, prepaid legal services, and long-term care insurance.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  

Each CHC benefit plan has eligibility requirements. Comprehensive details
pertaining to each benefit program will be provided to you during orientation.
CHC continually reviews its benefits and reserves the right to make changes to
the program at any time.
 

49 Old Bloomfield Avenue
 Mountain Lakes, New Jersey
 07046-1495

973-299-4000
 http://www.computerhorizons.com 

Computer Horizons Corp.

	
  
 
  	
  
Marci Braunstein
  
	
   
  	
  
Page 2
  
	
  
 
  	
  
Revised Offer Letter
  
	
  
 
  	
  
November 15, 2005
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Marci, as the Company   embarks upon the most exciting period in its history, it will look to you and   others like you to fulfill the promise of our efforts to date. This letter is   intended to express the Company’s sincere confidence in your talents and your   ability to assist us in building the future.
  
	
  
 
  	
  
 
  
	
  
 
  	
  

Your signature below will be your indication of acceptance of our offer. This
offer letter, if accepted, must be signed no later than November 17, 2005 and
returned to the following address: Susan Muller, Mgr. Compensation & Employee Benefits, Computer Horizons
Corp., 49 Old Bloomfield Ave., Mountain Lakes, NJ 07046.
 
	
  
 
  	
  

 
	
   
  	
  
 
  
	
  
 
  	
  
Sincerely,
  
	
  
 
  	
  
Computer Horizons Corp.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
/s/  Michael J. Shea
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
Michael J. Shea
  	
  
 
  
	
  
 
  	
  
Vice President & CFO
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  Accepted:
  	
   
  
	
   
  	
   
  
	
   
  	
  Signature:  /s/   Marci   Braunstein                                                               Date: November 15, 2005
  
	  
	

   	  

	
   
  	
                  Marci   Braunstein

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}]]