Document:

Exhibit 10.60

    EXHIBIT
      10.60

    FIRST
      AMENDMENT TO EMPLOYMENT AGREEMENT

    

    THIS
      FIRST AMENDMENT to that certain Employment Agreement between CONSUMER PROGRAMS
      INCORPORATED, a Missouri corporation (the “Corporation”) and GARY W. DOUGLASS
      (the “Executive”), dated as of April 8, 2002 (the “Employment Agreement”) is
      entered into as of this 25th day of April 2006.

    

    WHEREAS,
      as a result of a Change of Control in March 2004, Executive is entitled to
      receive an Annual Bonus in cash at least equal to the highest bonus paid to
      him
      in any of the three fiscal years immediately prior to the date of the Change
      of
      Control; and

    

    WHEREAS,
      Executive’s highest cash bonus in any of the three fiscal years preceding the
      Change of Control was Sixty-three Thousand Five Hundred Seventy-seven Dollars
      ($63,577.00), paid for fiscal year 2002 (the “Guaranteed Bonus”);
      and

    

    WHEREAS,
      the Corporation and Executive desire to amend the Employment Agreement to
      provide for an alternative to the Guaranteed Bonus for Fiscal Year 2006;

    

    NOW,
      THEREFORE, in consideration of the mutual covenants set forth herein, the
      Corporation and Executive hereby agree to amend the Employment Agreement as
      follows:

     

        1.    Subsection
      5(b) of the Employment Agreement shall be amended in its entirety to read as
      follows:

     

    
      (i)
        After
        a Change of Control, in addition to the Base Salary, the Executive shall
        be
        awarded for each Fiscal Year during the Term of Employment an annual bonus
        (the
        "Annual Bonus") (pursuant to any bonus plan or program of the Corporation,
        any
        incentive plan or program of the Corporation, or otherwise) in cash at least
        equal to the highest bonus paid or payable to the Executive in respect of
        any of
        the Fiscal Years during the three Fiscal Years immediately prior to the date
        of
        the Change of Control. Prior to a Change of Control, the amount of the
        Executive's Annual Bonus shall be determined in accordance with the
        Corporation's regular practice. Executive's Annual Bonus Plan for the
        Corporation's Fiscal Year 2002 is set forth on Exhibit B, attached hereto
        and
        incorporated herein. 

    

     

    (ii) 
      Notwithstanding the provisions of subsection 5(b)(i) above, the Executive shall
      waive his right to receive the Guaranteed Bonus for the Corporation’s Fiscal
      Year 2006 and, in lieu thereof, shall be entitled to participate in the CPI
      Corp. Performance Plan, adopted as of April 14, 2005 (the “Performance Plan”)
      for Fiscal Year 2006. As a participant in the Performance Plan, Executive shall
      receive a minimum Annual Bonus of Forty Thousand Dollars ($40,000) for Fiscal
      Year 2006 (the “Minimum Bonus”). If the Executive receives only the Minimum
      Bonus for Fiscal Year 2006, the entire amount shall be paid to him in cash.
      If
      the amount earned by the Executive for Fiscal Year 2006 exceeds the Minimum
      Bonus, the Executive shall make an election to receive either (1) the total
      amount in such combination of cash and/or restricted shares as shall be
      determined by the CPI Corp. Compensation Committee in its sole discretion in
      a
      manner consistent with the treatment of other Executives who participate in
      the
      Performance Plan for Fiscal Year 2006 or (2) the Minimum Bonus in cash.

     

    (iii) 
      For Fiscal Year 2007 and each fiscal year thereafter during the Term of
      Employment, Executive shall be entitled to receive an Annual Bonus in cash
      at
      least equal to the Guaranteed Bonus amount of Sixty-Three Thousand Five Hundred
      Seventy-seven Dollars ($63,577.00).

    

     
      2.    Unless
      otherwise defined in this Amendment, the defined terms used herein shall have
      the meanings ascribed to them in the
      Employment Agreement.

     

          
3.    The
      Employment Agreement, as modified by this First Amendment, is hereby ratified
      and affirmed. 

     

    
      
         

      

      
         

        
        

      

      
        IN
        WITNESS WHEREOF,
        the parties have executed this First Amendment to the Employment Agreement
        as of
        the date first written above.

    

    
       

    

    CONSUMER
      PROGRAMS INCORPORATED

    

    

    By:
      /s/
      Paul Rasmussen

    _____________________________________

           
      Paul Rasmussen, Chief Executive Officer

    

    

    

          
      /s/ Gary W. Douglass

    _____________________________________

    Gary
      W.
      DouglassExhibit 10.3

    Exhibit
      10.3

    

    INDEMNIFICATION
      AGREEMENT

    

    

    THIS
      INDEMNIFICATION AGREEMENT (the “Agreement”), dated as of ________, 200_, is made
      by and between InnSuites Hospitality Trust (“Indemnitor” or “Trust”) and
      _________________, a _______ of InnSuites Hospitality Trust (“Indemnitee”).

     

    WITNESSETH:

     

    WHEREAS,
      Indemnitee is [a Trustee and a member of a committee of the Board of Indemnitor]
      [an executive officer of the Indemnitor].

     

    WHEREAS,
      in consideration of Indemnitee serving as such [committee member and Trustee]
      [executive officer], the Indemnitor has agreed to indemnify the Indemnitee
      with
      respect to certain liabilities resulting from such service (the “Indemnified
      Obligations”).

     

    NOW,
      THEREFORE, for good and valuable consideration, the receipt and sufficiency
      of
      which is hereby acknowledged, and intending to be legally bound hereby,
      Indemnitor agrees as follows:

     

    1. Indemnity.

     

    

    The
      Trust
      shall indemnify Indemnitee against all liabilities and expenses, including
      amounts paid in satisfaction of judgments, in compromise or as fines and
      penalties, and counsel fees, reasonably incurred by him in connection with
      the
      defense or disposition of any action, suit or other proceeding by the Trust
      or
      any other person, whether civil or criminal, in which he may be involved or
      with
      which he may be threatened, while in office or thereafter, by reason of his
      being or having been such a Trustee, officer, employee or agent, except in
      respect of any matter as to which he shall have been adjudicated to have acted
      in bad faith or with willful misconduct or reckless disregard of his duties
      or
      gross negligence or not to have acted in good faith in the reasonable belief
      that his action was in the best interests of the Trust; provided, however,
      that
      as to any matter disposed of by a compromise payment by Indemnitee pursuant
      to a
      consent decree or otherwise, no indemnification either for said payment or
      for
      any other expenses shall be provided unless the Trust shall have received a
      written opinion from counsel approved by the Trust to the effect that if the
      foregoing matters had been adjudicated, they would likely have been adjudicated
      in favor of Indemnitee or unless a meeting of the Trustees at which a quorum
      consisting of Trustees who are not parties to or threatened with such action,
      suit or other proceeding shall make such a determination. The rights accruing
      to
      Indemnitee under this Agreement shall not exclude any other right to which
      he
      may be lawfully entitled; provided, however, that Indemnitee may satisfy any
      right of indemnity or reimbursement granted herein or to which he may be
      otherwise entitled only out of the Trust property. The Trust may make advance
      payments in connection with indemnification under this Agreement, provided
      that
      Indemnitee shall have given a written undertaking to reimburse the Trust in
      the
      event it is subsequently determined that he is not entitled to such
      indemnification. 

     

    The
      level
      of the indemnification shall be to the full extent of the net equity based
      on
      appraised and/or market value of the Indemnitor. 

     

    2. Representations
      and Warranties.

     

    

    Indemnitor
      hereby represents and warrants to the Indemnitee (which
      representations

     

    and
      warranties shall survive the execution and delivery of this Agreement) that
      Indemnitor has taken all action required to make this Agreement its valid and
      binding obligation, and this Agreement is the valid and binding obligation
      of
      the Indemnitor, enforceable against the Indemnitor in accordance with its
      terms.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. Term
      of
      Agreement: Miscellaneous

     

    

    A. This
      Agreement shall continue in force until the date that all Indemnified
      Obligations have been paid or discharged.

     

    B. This
      Agreement shall be interpreted and the rights and liabilities of the parties
      hereto determined in accordance with the laws of the State of Arizona.

     

    C. This
      Agreement contains all the terms and conditions of the agreement between the
      Indemnitee and Indemnitor. The terms and provisions of this Agreement may not
      be
      waived, altered, modified or amended except in writing duly executed by the
      party to be charged thereby.

    

    D. Any
      notice shall be directed to the parties at the following addresses:

    

    
      	
              If
                to Indemnitor:

            	
              InnSuites
                Hospitality Trust

              1615 E. Northern
                Avenue

              Suite 102

              Phoenix,
                Arizona  85020

              Attention:
                President

            
	
               

              with
                a copy to: 

            	
               

              James B.
                Aronoff, Esq.

              Thompson
                Hine LLP

              3900 Key
                Center

              127 Public
                Square

              Cleveland,
                Ohio  44114

            
	
              If
                to the Indemnitee:

            	 
	
              with
                a copy to: 

            	 

    

    

     

    E. None
      of
      the parties to this Agreement shall have the right to assign, transfer, convey,
      and/or otherwise sell (or enter into any agreement to do the same), directly
      or
      indirectly, any interest it may have in or under this Agreement without first
      having obtained the written consent of the other party, which consent may be
      withheld in such other party’s sole and absolute discretion.

     

     

    F. Neither
      this Agreement nor any term hereof may be changed, waived, discharged, or
      terminated orally, but only by an instrument in writing signed by the party
      against whom the enforcement of the change, waiver, discharge, or termination
      is
      sought or, in the case of a default, by the non-defaulting party.

     

     

    G. The
      captions and article headings included in this Agreement are for convenience
      only, do not constitute part of this Agreement, and shall not be considered
      or
      referred to in interpreting the provisions of this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    H. This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed to be an original, but all of which shall constitute one and the same
      instrument. The submission of a signature page transmitted by facsimile (or
      similar electronic transmission facility) shall be considered as an “original”
signature page for purposes of this Agreement so long as the original signature
      page is thereafter transmitted by mail or by other delivery service and the
      original signature page is substituted for the facsimile signature page in
      the
      original and duplicate originals of this Agreement.

     

    

    IN
      WITNESS WHEREOF, the undersigned has duly executed this Agreement as of the
      ___ day of _______, 200_.

     

    

    
      	 	
              INDEMNITOR:

            
	 	 
	 	
              INNSUITES
                HOSPITALITY TRUST

            
	 	 
	 	 
	 	 
	 	
              By: 

            

    

    

    
      	 	
              INDEMNITEE:

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