Common Contracts

1 similar Credit Card Program Agreement contracts

Dear Shareholders, • On September 23, 2010, the Company entered into an agreement with Citibank to provide the private
Credit Card Program Agreement • October 28th, 2010

Our financial performance in the first half of fiscal label credit card program for the Zales, Zales 2010 fell short of our expectations. As a result, in Outlet and Gordon’s brands in the United States. January of this year significant changes were made to The agreement, which commenced on October 1, the Company’s executive management team, and I was 2010, is for a term of five years with automatic appointed by the board as Interim Chief Executive renewals for successive two-year terms and Officer in addition to my role as President. The new replaces the Company’s agreement with Citibank, executive team immediately began work on a plan to which was set to expire in March 2011.

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