Document:

Amended and Restated 2005 Board of Directors Compensation Plan

 Exhibit 10.2 
  
 FiberNet Telecom Group, Inc. 
  

Amended and Restated 2005 Board of Directors Compensation Plan 
  

	I.	Annual Retainer 

  
 $12,000 base salary for each director, payable in cash on a quarterly basis in arrears 
  

	II.	Board Meetings 

  

	 	A.	$1,000 payable in cash for each meeting attended at the company’s offices 

  

	 	B.	$500 payable in cash for each meeting attended via teleconference 

  

	 	C.	Additional $500 payable in cash to the Board Chairman for each meeting attended 

  

	III.	Audit Committee Meetings 

  

	 	A.	$1,000 payable in cash for each meeting attended at the company’s offices 

  

	 	B.	$500 payable in cash for each meeting attended via teleconference 

  

	 	C.	Additional $500 payable in cash to the Committee Chairman for each meeting attended 

  

	 	D.	Additional $7,500 per annum, payable in cash on a quarterly basis in arrears to the Committee Chairman 

  

	IV.	Compensation Committee Meetings 

  

	 	A.	$1,000 payable in cash for each meeting attended at the company’s offices 

  

	 	B.	$500 payable in cash for each meeting attended via teleconference 

  

	 	C.	Additional $500 payable in cash to the Committee Chairman for each meeting attended 

  

	V.	Nominating Committee Meetings 

  

	 	A.	$1,000 payable in cash for each meeting attended at the company’s offices 

  

	 	B.	$500 payable in cash for each meeting attended via teleconference 

	 	C.	Additional $500 payable in cash to the Committee Chairman for each meeting attended 

  

	VI.	Per Diem for Special Projects 

  

	 	A.	The Chief Executive Officer or Chief Financial Officer of the company may request that a director provide advisory services on a project-specific basis. 

  

	 	B.	Directors will be compensated for undertaking any such services at a rate of $1,000.00 per day. The company will pro rate the per diem fee as appropriate. For example, if a director
were to take part in a two-hour conference call at the request of the Chief Executive Officer or Chief Financial Officer, then such director would be compensated with a payment of $250.00 (i.e., two hours equal 25% of a standard eight-hour day, and
$250.00 is 25% of $1,000.00). Compensation for such services will be paid in cash on a monthly basis in arrears. 

  

	 	C.	Directors who sit on the Audit Committee are expressly prohibited from providing such services to the company. Further, independent directors who do not sit on the Audit Committee
may be compensated up to a maximum of $60,000.00 in connection with providing these services to the company. The company has established the foregoing limitations in order to ensure compliance with the independence requirements under applicable NASD
Marketplace Rules and Securities Exchange Act regulations of the SEC. 

  

	VII.	General 

  

	 	A.	Compensation is payable only to non-employee directors. 

  

	 	B.	Directors may have their reasonable, documented travel expenses reimbursed by the company. 

  

	 	C.	The compensation to be paid under this Plan is payable only with respect to meetings actually held, whether scheduled in advance or otherwise, and does not apply to other actions
taken by directors outside of the context of a meeting (such as the execution of a written consent in lieu of a meeting). Compensation for meetings will be paid in cash on a quarterly basis in arrears.Amendment to Agreement for Sale and Purchase of Hotel

 Exhibit 10.2 
  
 Amendment to Agreement for Sale and Purchase of Hotel 
  
 This Amendment to the Agreement for Sale and Purchase of Hotel (the “Amendment”) is made and is effective as of
October 4, 2005. Capitalized terms used herein and not otherwise defined shall have the meanings provided therefor in the Purchase Agreement (as hereinafter defined). 
  
 W I T N E S S E T H: 
  
 WHEREAS, SHC SCHAUMBURG II, L.L.C., a Delaware limited liability
company (“Seller”), and THE PROCACCIANTI GROUP, LLC, a Rhode Island limited liability company (“Purchaser”) are parties to that certain Agreement for Sale and Purchase of Hotel commonly know as Marriott Chicago Schaumburg located
at 50 N. Martingale Road, Schaumburg, Illinois (the “Hotel”).dated and effective as of September 7, 2005 (the “Purchase Agreement”); and 
  
 WHEREAS, the undersigned desire to amend the Purchase Agreement as set forth below: 
  
 NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledge, the parties hereto agree as follows: 
  

	1.	Amendments to Purchase Agreement. 

  
 (a) Section 3.01 of the Purchase Agreement is hereby amended and restated in its entirety to provide as follows: 
  
 3.01 Purchase Price. The purchase price
(“Purchase Price”) to be paid by Purchaser to Seller at the Closing shall be Twenty Three Million Three Hundred Eighty Thousand and no/100 Dollars ($23,380,000), plus or minus prorations and adjustments as provided in this
Agreement. The Purchase Price shall be payable by Purchaser as follows: 
  
 (a) On or before 3:00 P.M. (Central Time) on the next Business Day following the full execution and delivery of this Agreement, TIME BEING OF THE ESSENCE, Purchaser shall deposit with the Title Company, as escrow
agent, the amount of Five Hundred Thousand and no/100 Dollars ($500,000) by a certified check or wire transfer of immediately available United States of America funds as an earnest money deposit (together with interest earned thereon, the
“Initial Deposit”); 
  
 (b) On or prior
to the Second Due Diligence Expiration Date (defined below), TIME BEING OF THE ESSENCE, unless this 

 Agreement has been terminated by Purchaser pursuant to Section 4.04 below, Purchaser shall deposit
with the Title Company, as escrow agent, the amount of Five Hundred Thousand and no/100 Dollars ($500,000) by a certified check or wire transfer of immediately available United States of America funds as an additional earnest money deposit
(together with interest earned thereon, the “Second Deposit”; and together with the Initial Deposit, the “Earnest Money”); and 
  
 (c) On the date of Closing, Purchaser shall pay the balance of the Purchase Price, subject to the prorations and adjustments provided for in this
Agreement, in cash by certified check or wire transfer of immediately available United States of America funds to the Seller in accordance with the terms and conditions of this Agreement. Purchaser shall be responsible for any income taxes payable
with respect to any interest and/or dividends earned with respect to the Earnest Money. For those purposes, Purchaser’s federal taxpayer identification number is 05-0497199. 
  
 (b) Section 3.03 of the Purchase Agreement is hereby amended and restated in its entirety to provide as follows:

  
 3.03 Allocation of Purchase Price.
The Purchase Price shall be allocated among the various components of the Property in the following manner: 
  

				
	 Real Property
	  	$	21,042,000
	 Tangible Personal Property
	  	$	2,338,000

  

	2.	Miscellaneous. 

  
 a. This Amendment is an amendment and supplement to (and not a novation of) the Purchase Agreement. Except as specifically amended by this
Amendment, the Purchase Agreement is, and continues to be, in full force and effect as in effect prior to the date hereof. 
  
 b. The Purchase Agreement (as amended hereby) may not be further modified, amended or supplemented except in writing signed by the party
against whom enforcement of such modification, amendment or supplement is sought. 
  
 c. The headings and captions of the various subdivisions of this Amendment are for convenience of reference only and shall in no way
modify, or affect, or be considered in construing or interpreting the meaning or construction of any of the terms or provisions hereof. 
  

 2 

 d. This Amendment may be executed in two or more counterparts, and by different parties
hereto on separate counterparts (and by facsimile), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  
 [Remainder of Page Intentionally Blank] 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have executed or caused this Agreement to be executed, all
as of the day and year first above written. 
  

			
	SELLER:
	
	 SHC SCHAUMBURG II, L.L.C.,
 a Delaware
limited liability company

		
	By:	 	 /s/ Monte Huber

	Name:	 	Monte Huber
	Its:	 	Vice President
	
	PURCHASER:
	
	 THE PROCACCIANTI GROUP, LLC,
 a Rhode Island
limited liability company

		
	By:	 	 /s/ James Procaccianti

	Name:	 	James Procaccianti
	Its:	 	President

  
 [Signature
Page to Amendment to Purchase Agreement]Amendment to Loan Agreement

 Exhibit 10.9 
  
 AMENDMENT TO 
 LOAN AGREEMENT 
  
 Dated as of October 28,
2005 
  
 Between 
  
 SHC MICHIGAN AVENUE, LLC, and 
 SHC CHOPIN PLAZA, LLC 
 collectively, as
Borrower 
  
 and 
  
 GERMAN AMERICAN CAPITAL CORPORATION, 
 as Lender 

 AMENDMENT TO LOAN AGREEMENT 
  
 THIS AMENDMENT TO LOAN AGREEMENT (this Amendment) is dated and effective as of October 28, 2005 between SHC
MICHIGAN AVENUE, LLC and SHC CHOPIN PLAZA, LLC, each a Delaware limited liability company (collectively, Borrower) and GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation (together with its successors and assigns, Lender).

  
 W I T N E S
S E T H: 
  
 WHEREAS, pursuant to
that certain Loan Agreement, dated as of April 1, 2005, by and between Borrower and Lender (the Loan Agreement), Borrower obtained a loan from Lender; and 
  
 WHEREAS, in accordance with Section 2.1.3(d) of the Loan Agreement, Lender has requested that Borrower amend the
Loan Agreement in accordance with the terms herein. All capitalized terms not defined herein shall have the meaning ascribed thereto in the Loan Agreement. Unless otherwise specified herein, all Section references are references to Sections in the
Loan Agreement, as amended hereby. 
  
 NOW, THEREFORE, in
consideration of $10.00 paid in hand by Lender to Borrower, the parties hereto hereby agree to amend the terms of the Loan Agreement as follows: 
  
 1. Section 1.1: The definitions of “Directed Paydown Prepayment Fee”, “Loan Amount” and “Spread” in the Loan
Agreement are deleted in their entirety and replaced with the definitions of “Directed Paydown Prepayment Fee”, “Loan Amount” and “Spread” set forth below in this Section 1: 
  
 “Directed Paydown Prepayment Fee” shall mean, with
respect to a Directed Paydown, an amount equal to (i) 3% of the Loan Amount prepaid if such Directed Paydown occurs on or after the Permitted Prepayment Date and prior to the Payment Date in May 2006, (ii) 2% of the Loan Amount prepaid if
such Directed Paydown occurs on or after the Payment Date in May 2006 but prior to the Payment Date in May 2007, (iii) 1% of the Loan Amount prepaid if such Directed Paydown occurs on or after the Payment Date in May 2007 but prior to the
Payment Date in May 2008 and (iv) 0.5% of the Loan Amount prepaid if such Directed Paydown occurs on or after the Payment Date in May 2008 but prior to the Payment Date in October 2009.. 
  
 “Loan Amount” shall mean $149,000,000. 
  
 “Spread” shall mean 1.45637584%. 
  
 2. Allocated Loan Amounts. Schedule C attached to the Loan
Agreement is deleted and replaced with Schedule C hereto. 
  
 3. Prepayment Fees. Schedule J attached to the Loan Agreement is deleted and replaced with Schedule J hereto. 
  

 1 

 4. Full Force and Effect. Except as amended by this Amendment, the Loan Agreement shall continue
to remain in full force and effect. 
  
 5. Headings. Each
of the captions contained in this Amendment are for the convenience of reference only and shall not define or limit the provisions hereof. 
  
 6. Governing Law. This Amendment shall be governed by the laws of the State of New York, without regard to choice of law rules. 
  
 7. Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall constitute an original and all of which when taken together shall constitute one binding agreement. 
  
 8. Severability. The provisions of this Amendment are severable, and if any one clause or provision hereof shall be held invalid or unenforeceable
in whole or in part, then such invalidity or unenforceablity shall affect only such clause or provision, or part thereof, and not any other clause or provision of this Amendment. 
  
 [REMAINDER OF PAGE LEFT BLANK] 
  

 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their
duly authorized representatives, all as of the day and year first above written. 
  

			
	BORROWERS:
	
	 SHC MICHIGAN AVENUE, LLC,
 a Delaware limited
liability company

		
	By:	 	 /s/ Monte Huber

	Name:	 	Monte Huber
	Title:	 	Vice President
	
	 SHC CHOPIN PLAZA, LLC,
 a Delaware limited
liability company

		
	By:	 	 /s/ Monte Huber

	Name:	 	Monte Huber
	Title:	 	Vice President

 The undersigned Sponsors each hereby reaffirms each of its obligations under that certain Sponsor Indemnity Agreement
dated as of April 1, 2005, and the same confirm that such obligations shall apply and relate in all respects to the Loan and the Loan Documents (as defined in the Loan Agreement) as amended by this Agreement. 
  
 SPONSORS: 
  

			
	 DTRS MICHIGAN AVENUE/CHOPIN PLAZA, LP,
 a Delaware limited partnership

		
	By:	 	 /s/ Monte Huber

	Name:	 	Monte Huber
	Title:	 	Vice President
	
	 INTERCONTINENTAL FLORIDA LIMITED PARTNERSHIP,
 a Delaware limited partnership

		
	By:	 	 /s/ Monte Huber

	Name:	 	Monte Huber
	Title:	 	Vice President
	
	 CIMS LIMITED PARTNERSHIP,
 an Illinois
limited partnership

		
	By:	 	 /s/ Monte Huber

	Name:	 	Monte Huber
	Title:	 	Vice President

			
	LENDER:
	
	GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation
		
	By:	 	 /s/ Todd O. Sammann

	Name:	 	Todd O. Sammann
	Title:	 	Vice President
		
	By:	 	 /s/ Thomas R. Traynor

	Name:	 	Thomas R. Traynor
	Title:	 	Authorized Signatory

 SCHEDULE C 
  

ALLOCATED LOAN AMOUNTS 
  

				
	 Property

	  	Total

	 InterContinental Chicago
	  	$	89,252,475
	 InterContinental Miami
	  	 	59,747,525
	 	  	
	

	 Total Portfolio
	  	$	149,000,000

 SCHEDULE J 
  

PREPAYMENT FEES 
  

			
	 Period

	  	 Prepayment Fee

	 Prior to the Payment Date in
 November 2005
	  	 Locked Out

		
	 on or after the Payment Date in
 November 2005
 and prior to the Payment Date in
 December
2006
	  	 1.2582% of the Principal Amount then
being prepaid

		
	 on or after the Payment Date in
 December 2006
 and prior to the Payment Date in
 January
2006
	  	 1.1539% of the Principal Amount then
being prepaid

		
	 on or after the Payment Date in
 January 2006
 and prior to the Payment Date in
 February
2006
	  	 1.0497% of the Principal Amount then
being prepaid

		
	 on or after the Payment Date in
 February 2006
 and prior to the Payment Date in
 March
2006
	  	 0.9454% of the Principal Amount then
being prepaid

		
	 on or after the Payment Date in
 March 2006
 and prior to the Payment Date in
 April
2006
	  	 0.8411% of the Principal Amount then
being prepaid

		
	 on or after the Payment Date in
 April 2006
 and prior to the Payment Date in
 May
2006
	  	 0.7369% of the Principal Amount then
being prepaid

		
	 on or after the Payment Date in
 May 2006
 and prior to the Payment Date in
 June
2006
	  	 0.6326% of the Principal Amount then
being prepaid

		
	 on or after the Payment Date in
 June 2006
 and prior to the Payment Date in
 July
2006
	  	 0.5283% of the Principal Amount then
being prepaid

		
	 on or after the Payment Date in
 July 2006
 and prior to the Payment Date in
 August
2006
	  	 0.4241% of the Principal Amount then
being prepaid

		
	 on or after the Payment Date in
 August 2006
 and prior to the Payment Date in
 September
2006
	  	 0.3198% of the Principal Amount then
being prepaid

	 on or after the Payment Date in
 September 2006
 and prior to the Payment Date in
 October 2006
	  	 0.2155% of the Principal Amount then
 being prepaid

		
	 on or after the Payment Date in
 October 2006
 and prior to the Payment Date in
 November 2006
	  	 0.1113% of the Principal Amount then
 being prepaid

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