Document:

Exhibit 10.1

Amendment No. 2 to
 Employment Agreement

This Amendment No. 2 shall modify the terms of the Employment Agreement (“Agreement”) dated June 30, 2005 (the “Effective Date”), between Intelligroup, Inc. (the “Company”) and Vikram Gulati (the “Executive”).    Except as expressly set forth below all other terms and conditions in the Agreement remain in full force and effect.

1.     “ Section 2.  Term of the Agreement” of the Agreement is hereby amended by replacing “twelve (12) months” with “twenty-four (24) months.”

IN WITNESS WHEREOF, the parties hereto have executed the Amendment as of June 8, 2006.

 

	
  
/s/ Vikram   Gulati
  	
  
 
  	
  
Intelligroup,   Inc.
  
	
  

  	
  
 
  	
  
Company
  
	
  
Executive
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
   
  	
   
  	
   
  
	
   
  	
   
  	
   
  	
  /s/ Madhu   Poomalil
  
	
   
  	
   
  	
   
  	
  

  
	
   
  	
   
  	
  Name:
  	
  Madhu   Poomalil
  
	
   
  	
   
  	
  Title:
  	
  Chief   Financial OfficerExhibit 10.1

     

    Exhibit
      10.1

     

    STOCK
      PURCHASE AGREEMENT

    

    This
      Stock Purchase Agreement (the "Agreement") is made as of the 2nd
      day of
      June, 2006 by and among DIVERSIFIED FINANCIAL RESOURCES CORPORATION, a Delaware
      corporation ("DFRC")
      and
      DENNIS THOMPSON (“Buyer”).

     

    RECITALS

     

    A.  DFRC
      owns
      100% of the common shares of Diversified Holdings XIX, Inc. (the "Shares"),
      the
      Shares are hereby represented to be One Hundred percent (100%) of DFRC’s
      ownership of Diversified Holdings XIX, Inc.’s common stock.

     

    B.  For
      the
      consideration and upon the terms and conditions set forth herein, DFRC desires
      to sell and transfer and Buyers desire to purchase and acquire the
      Shares.

     

    NOW,
      THEREFORE, in consideration of the mutual promises, covenants and conditions
      hereinafter set forth, the parties hereto mutually agree as
      follows:

     

    AGREEMENT

     

    1.
      Purchase
      and Sale of Shares.
      Subject
      to the terms and conditions hereof, DFRC will transfer to Buyer, and Buyer
      will
      acquire from DFRC, the Shares in exchange for the payment of good and valuable
      consideration of not less than Ten dollars ($10.00) (the "Purchase
      Price").

     

    2. Delivery
      of the Purchase Price.
      The
      Purchase Price shall be paid as follows:

     

        2.1
      At the
      Closing, Buyers shall deliver to DFRC good and valuable consideration of not
      less than Ten dollars ($10.00). 

     

    3.
      Delivery.
      At the
      Closing, DFRC shall deliver to Buyers all Stock Certificates representing the
      Shares properly endorsed for transfer, representing 100% of the shares
      of
      the common stock of Diversified Holdings XIX, Inc. held by DFRC or its
      subsidiaries.

     

    
      4.
        Representations and Warranties of DFRC.
        DFRC
        hereby represents and warrants to Buyer as follows:

       

      4.1 Corporate
        Organization and Authority. DFRC is a corporation owning 100% of the Shares
        made
        the subject herein. DFRC is a corporation duly organized, validly existing,
        authorized to exercise all of its corporate powers, rights and privileges,
        and
        in good standing in the State of Delaware.

       

      4.2 Title
        to
        Shares. DFRC owns beneficially and of record, free and clear of any lien,
        option
        or other encumbrance, and has full power and authority to convey, free and
        clear
        of any lien or encumbrance, the Shares and upon delivery of the Purchase
        Price
        for such Shares as provided in this Agreement, DFRC will convey to Buyers
        or at
        their direction to others, good and valid title thereto, free and clear of
        any
        lien or other encumbrance.

       

      4.3 Authority
        to Execute and Perform Agreement. DFRC has the full legal right and power
        and
        all authority and approvals required to enter into, execute and deliver this
        Agreement and to perform fully DFRC's
        obligations hereunder. This Agreement has been duly executed and delivered
        by
        DFRC and is a valid and binding obligation of DFRC enforceable in accordance
        with its terms, except as may be limited to applicable bankruptcy, insolvency,
        reorganization, moratorium or similar laws or equitable principles relating
        to
        or involving creditors'
        rights.
        The execution and delivery by DFRC of this Agreement and the performance
        by DFRC
        of this Agreement in accordance with its terms and conditions will not (i)
        require the approval or consent of any federal, state, local or other
        governmental or regulatory body or the approval or consent of any other person;
        (ii) conflict with or result in any breach or violation of any of the terms
        and
        conditions of, (or with notice or lapse of time or both, conflict with or
        result
        in any breach or violation of any of the terms and conditions of) any judgment
        or decree applicable to DFRC or to the Shares, or any instrument, contract
        or
        other agreement to which DFRC is a party or by or to which DFRC is or the
        Shares
        are bound or subject; or (iii) result in the creation of any lien or other
        encumbrance on the Shares.

    

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    5.
      Representations
      and Warranties of Buyers.
      Buyers
      represent and warrant to DFRC as follows:

     

    5.1
      Authorization. This Agreement, when executed and delivered by Buyers, will
      constitute a valid and legally binding obligation of each of the named Buyers,
      enforceable in accordance with its terms, except as may be limited to applicable
      bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable
      principles relating to or involving creditors
      rights.

     

    5.2 Disclosure.
      Buyers are former officers and directors of DFRC and are fully informed of
      and
      aware of the structure and status of the corporation in which they are acquiring
      an interest as represented by the Shares, they are fully informed and aware
      of
      the status of the assets, debts and condition of the named corporation and
      acknowledge that they are purchasing it in its current condition and without
      further warranties from DFRC.

     

    5.3 Authority
      to Execute and Perform Agreement. Buyers have the full legal right and power
      and
      all authority and approvals. If any, required to enter into, execute and deliver
      this Agreement and to perform fully Buyers’ obligations hereunder. This
      Agreement has been duly executed and delivered by each Buyer and is a valid
      and
      binding obligation of each of them, enforceable in accordance with its terms,
      except as may be limited to applicable bankruptcy, insolvency, reorganization,
      moratorium or similar laws or equitable principles relating to or involving
      creditors
      rights.
      The execution and delivery by Buyers of this Agreement and the performance
      by
      Buyers of this Agreement in accordance with its terms and conditions will not
      (i) require the approval or consent of any federal, state, local or other
      governmental or regulatory body or the approval or consent of any other person;
      (ii) conflict with or result in any breach or violation of any of the terms
      and
      conditions of, (or with notice or lapse of time or both, conflict with or result
      in any breach or violation of any of the terms and conditions of) any judgment
      or decree applicable to them of the Shares or any instrument, contract or other
      agreement to which Buyers are a party.

    

    
      6.
        Miscellaneous.

    

     

    6.1
      Governing Law. This Agreement shall be governed in all respects by the laws
      of
      the State of California.

     

    6.2
      Survival. The representations, warranties, covenants, and agreements made herein
      shall survive any investigation made by any party hereto and the closing of
      the
      transactions contemplated hereby.

     

    6.3
      Successors and Assigns. Except as otherwise expressly provided herein, and
      the
      provision hereof shall inure to the benefit of and be binding upon the
      successors, assigns, heirs, executors, administrators of the parties hereto
      and
      all subsequent holders of the Shares.

     

    6.4
      Entire Agreement; Amendment. This Agreement and the other documents and
      agreements delivered pursuant hereto constitute the full and entire
      understanding and agreement between the parties with regard to the subjects
      hereof and thereof. This Agreement may only be amended in writing signed by
      the
      Seller and the holders of a majority of the outstanding Shares sold
      hereunder.

     

    6.5
      Notices. Except as otherwise provided all notices and other communications
      require or permitted hereunder shall be in writing and shall be mailed by
      first-class mail, postage prepaid, addressed to their respective addresses
      as
      provided by Purchasers and Seller or to such other address as each may have
      furnished to the others in writing.

     

    6.6
      Expenses. Whether or not the transactions contemplated hereby are consummated,
      each party shall pay its own expenses in connection with the
      transaction.

     

    6.7
      Waiver of Breach or Default. Neither Buyer nor DFRC shall waive any right,
      power
      or remedy accruing hereunder unless such waiver is in writing signed by the
      party to be charged. The waiver of any breach or default hereunder shall not
      constitute the waiver of any other breach or default. All remedies under this
      Agreement or by law or otherwise afforded to Buyers or DFRC shall be cumulative
      and not alternative.

     

    6.8
      Legal
      Fees. The prevailing party in any legal action or arbitration proceeding brought
      by one party against the other shall be entitled, in addition to any other
      rights and remedies, to reimbursement for its expenses incurred thereby,
      including court costs and reasonable attorney's fees.

     

    6.9
      Titles and Subtitles. The titles of the sections and subsections of this
      Agreement are for convenience of reference only and are not to be considered
      in
      construing this Agreement.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

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

    

    
      	
              DFRC

            	 	
              :

            	 	
              DIVERSIFIED
                FINANCIAL RESOURCES CORPORATION

            

    

     

    /s/
      Elson Soto, Jr.

    Elson
      Soto, Jr., President

    

     

    Buyer:

    

    DENNIS
      THOMPSON

    

    /s/
      Dennis Thompson

    Dennis
      Thompson

     

     

     

    
      
        
        

      

      
        3

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