Amendment to Manufacturing Agreement between Charles & Colvard, Ltd. and Reeves Park, Inc.
Charles & Colvard, Ltd. and Reeves Park, Inc. have agreed to amend their existing Manufacturing Agreement dated August 12, 2004. This amendment allows the parties to mutually extend certain terms for the Buyer, with payment due according to the terms specified on C&C's invoices. All other terms of the original agreement remain unchanged. The amendment is effective upon acceptance by both parties.
Exhibit 10.67
November 8, 2004
Mr. Klaus H. Jung
Reeves Park, Inc.
5050 Lincoln Drive
Suite 470
Edina, MN 55436
Re: Amendment to Manufacturing Agreement
Dear Klaus:
This letter sets forth the agreement of Charles & Colvard, Ltd. (“C&C”) and Reeves Park, Inc. (“Buyer”) to amend the standard Terms and Conditions as set forth in the Manufacturing Agreement dated August 12, 2004 between C&C and Buyer. Notwithstanding any provision of such Terms and Conditions, by mutual agreement C&C and Buyer may extend various terms to Buyer and payment shall be due in full pursuant to the terms as set out on the applicable C&C invoice to Buyer.
Other than as set out in this amendment, the terms and conditions of the Manufacturing Agreement shall remain in effect. If the foregoing meets with your understanding of our agreement, please sign and return one copy of this letter for our files.
| Charles & Colvard, Ltd. | Agreed and Accepted by “Buyer” | |||||
| By: | /s/ James R. Braun | By: | /s/ Klaus Jung | |||
| Name: | James R. Braun | Name: | Klaus Jung | |||
| Title: | Vice President Finance & CFO | Title: | President | |||
