SECURITY AGREEMENTSecurity Agreement • November 9th, 2004 • Charles & Colvard LTD • Jewelry, silverware & plated ware • North Carolina
THIS SECURITY AGREEMENT (this “Agreement”), dated effective as of August 15, 2004, between REEVES PARK, INC., a Minnesota corporation whose mailing address is 5050 Lincoln Drive, Suite 470, Edina, MN 55436, Attention: Klaus Jung (hereinafter referred to as “Debtor”) and CHARLES & COLVARD, LTD, a North Carolina corporation whose mailing address is 300 Perimeter Park Drive, Suite A, Morrisville, NC 27560 (hereinafter referred to as “Secured Party”).
FIRST AMENDMENT TO SECURITY AGREEMENTSecurity Agreement • November 9th, 2004 • Charles & Colvard LTD • Jewelry, silverware & plated ware
THIS FIRST AMENDMENT (this “Amendment”) is made as of this 8th day of November, 2004, to that certain Security Agreement (the “Agreement”) by and between REEVES PARK, INC., a Minnesota corporation (“Debtor”), and CHARLES AND COLVARD, LTD, a North Carolina corporation (“Secured Party”), dated effective as of August 15, 2004.
REDACTED – OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION AND IS DENOTED HEREIN BY XXXXX. August 16, 2004Charles & Colvard LTD • November 9th, 2004 • Jewelry, silverware & plated ware • North Carolina
This letter sets forth the terms of the agreement (“Agreement”) made effective as of August 15, 2004 (“Effective Date”) by and between Charles & Colvard, Ltd. (“Consignor”) a North Carolina corporation, and Reeves Park, Inc. (“Reeves Park”), a Minnesota corporation, pursuant to which Consignor will consign and deliver Charles & Colvard created moisssanite Jewels (the “Jewels”) to Reeves Park.
November 8, 2004 Mr. Klaus H. Jung Reeves Park, Inc.Charles & Colvard LTD • November 9th, 2004 • Jewelry, silverware & plated ware
