as of August 15, 2002 Henry Birks & Sons Inc. 1240 Phillips Square Montreal, Quebec H3B 3H4 Attention: Thomas A. Andruskevich RE: Diamond Inventory Supply Agreement Dear Sirs: We write to you to confirm our understanding with respect to your diamond...Diamond Inventory Supply Agreement • July 27th, 2005 • Henry Birks & Sons Inc
We write to you to confirm our understanding with respect to your diamond inventory needs. In accordance with the terms and conditions set out in this letter, we or a related entity designated by us, will be entitled to supply you and your subsidiaries and affiliates as of December 31st, 2002 (collectively, "Birks") with at least 45% on an annualized cost basis in Canadian dollars of your aggregate loose diamond requirements including Canadian diamonds if the following conditions are met a) our prices remaining competitive relative to market, and b) meeting your needs in terms of quality, cut, standards and specifications. We shall also be required to provide you with satisfactory evidence of origin for Canadian diamonds.
