0001193125-09-176090 Sample Contracts

GENERAL RELEASE AGREEMENT
General Release Agreement • August 14th, 2009 • Charles & Colvard LTD • Jewelry, silverware & plated ware • North Carolina

WHEREAS, Charles & Colvard contends Mielke was terminated for “Just Cause” as defined by Mielke’s Employment Agreement with Charles & Colvard dated March 19, 2007 as amended August 28, 2007, and, therefore, contends Mielke is not entitled to any “Termination Compensation” as defined by Mielke’s Employment Agreement with Charles & Colvard dated March 19, 2007 as amended August 28, 2007; and

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GENERAL RELEASE AGREEMENT
General Release Agreement • August 14th, 2009 • Charles & Colvard LTD • Jewelry, silverware & plated ware • North Carolina

WHEREAS, Charles and Colvard contends Abate was terminated for “Just Cause” as defined by Abate’s Employment Agreement with Charles and Colvard dated December 5, 2007, and, therefore, contends Abate is not entitled to any “Termination Compensation” as defined by Abate’s Employment Agreement with Charles and Colvard dated December 5, 2007; and

GENERAL RELEASE AGREEMENT
General Release Agreement • August 14th, 2009 • Charles & Colvard LTD • Jewelry, silverware & plated ware • North Carolina

WHEREAS, Charles and Colvard contends Reed was terminated for “Just Cause” as defined by Reed’s Employment Agreement with Charles and Colvard dated 1 August 2004 and amended 28 August 2007; and, therefore, contends Reed is not entitled to any “Termination Compensation” as defined by Reed’s Employment Agreement with Charles and Colvard dated 1 August 2004 and amended 28 August 2007; and

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