February 6, 2004
Exhibit 11
February 6, 2004
Xx. Xxxxx X. Xxxxxxx
Chairman and CEO
The St. Xxx Company
000 Xxxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxxxxxxx, XX 00000
Dear Xxxxx:
The Xxxxxx X. xxXxxx Testamentary Trust and The Nemours Foundation hereby renew the Agreement, originally dated November 6, 2003, relating to the repurchase by The St. Xxx Company of shares of its common stock (the “Agreement”), on the terms described herein. The terms of the Agreement shall remain in full force and effect, with the following modifications:
| • | The term “Share Multiplier” shall mean 0.46. |
| • | The term “Floor Price” shall mean $37.00. |
| • | The term of this renewal shall be from February 7, 2004 through May 7, 2004; provided that May 13, 2004 shall be a Closing Date for a Sale based on the Prior Week’s Purchased Shares, if any. |
Capitalized terms used and not otherwise defined herein have the meaning assigned thereto in the Agreement.
If this is agreeable to St. Xxx, please acknowledge on the counterpart copy and return it to me for our records.
| Sincerely, |
| /s/ X. X. Xxxxxxxx |
| X. X. Xxxxxxxx, Chairman, |
| on behalf of The Xxxxxx X. xxXxxx |
| Testamentary Trust and The Nemours |
| Foundation |
Accepted on behalf of The St. Xxx Company
| /s/ Xxxxx X. Xxxxxxx |
| Xxxxx X. Xxxxxxx |
| Chairman and CEO |
