Document:

Seventh Amendment to Agreement

 Exhibit 10.74 
  
 REDACTED – OMITTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE COMMISSION 
 AND IS DENOTED HEREIN BY ***** 
  
 SEVENTH AMENDMENT TO AGREEMENT 
  
 THIS SEVENTH AMENDMENT TO AGREEMENT (this “Amendment”) is entered into as of March 7, 2005 by and among Charles & Colvard, Ltd. (Formally C3, Inc.) a North
Carolina corporation and John M. Bachman, Inc. (“JMB”). 
  
 Statement of Purpose 
  
 Charles & Colvard, Ltd. and JMB
entered into an Agreement dated September 24, 1997 (the “Agreement”) to formalize the terms upon which JMB will cut moissanite gemstones for Charles & Colvard, a First Amendment to the Agreement dated March 23, 1998 (the “First
Amendment”), a Second Amendment to the Agreement dated September 28, 1998 (the “Second Amendment”), and a Third Amendment to the Agreement dated June 16, 1999 (the “Third Amendment”), a Fourth Amendment to the Agreement
dated October 5, 1999 (the “Fourth Amendment”), a Fifth Amendment to the Agreement dated December 29, 2000 (the “Fifth Amendment”), a Sixth Amendment to the Agreement dated April 9, 2002. 
  
 In consideration of the mutual covenants and agreements contained herein, and other good and
valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
  

	 	1.	Faceting Machines. JMB currently stores 200 excess custom faceting machines (individually a “Machine” and collectively the “Machines”) which Charles &
Colvard, Ltd. owns as described per sixth amendment to agreement dated April 9, 2002. JMB agrees to repurchase the Machines from Charles & Colvard, Ltd. beginning January 1, 2005 as long as Charles & Colvard, Ltd. monthly production stays
above ***** pieces (excluding the melee program). The agreed upon purchase price is $300 per Machine or $60,000 in total. 

  

	 	2.	 Cutting Charges. Charles & Colvard, Ltd. will pay JMB for moissanite gemstone cutting services at rates as set forth on Exhibit A to the Seventh
Amendment. For cutting services provided by JMB, the amount payable to JMB by Charles & Colvard, Ltd. reflected on each invoice will be reduced by ***** or ***** per month (whichever is greater) in the first month beginning January 1, 2005 and
shall continue until the aggregate amount of such reductions equals ***** and Charles & Colvard, Ltd. has received full credit against production charges for the amount of the repurchased Machines. For every ***** that the ***** is reduced,
title to one of the Machines will transfer from Charles & Colvard, Ltd. to JMB and upon full payment Charles & Colvard, Ltd. will retain no ownership interest in the Machines. Charles & 

 
REDACTED – OMITTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE COMMISSION 
 AND IS DENOTED HEREIN BY ***** 
  
 Colvard shall execute such further documents as JMB may request to confirm the transfer of title and ownership of the Machines. In all other respects the cutting charges per Exhibit A to the Seventh Amendment and payment procedures in the
Agreement, as amended, are hereby confirmed. 
  

	 	3.	Extension of Term. The initial term of the Agreement will be extended from the date first set forth in the Agreement through December 31, 2006, however, Charles &
Colvard, Ltd. may terminate the Agreement at any time with 90 days prior written notice. 

  

	 	4.	Production Procedures: Standards. 

  

	 	a.	The monthly production volumes (in finished pieces) will be at or above ***** pieces per month (excluding the melee program), provided that the production volume may be adjusted by
Charles & Colvard, Ltd. throughout the term. 

  

	 	b.	The monthly melee production volumes (in finished pieces) will be at or above ***** pieces per month in addition to the monthly production volume of ***** as referenced in section
4a of this amendment. 

  

	 	c.	In all other respects the production procedures and standards in the agreement, as amended, are hereby confirmed. 

  

	 	5.	Confirmation of Agreement. In all other respects the parties hereto confirm the terms of the Agreement, the First Amendment, the Second Amendment, the Third Amendment, the
Fourth Amendment, the Fifth Amendment and the Sixth Amendment. JMB will obtain in writing, and provide to Charles & Colvard, Ltd. the consent of its affiliate to be bound by the terms of this Amendment. 

  
 IN WITNESS WHEREOF, each of the parties has executed and delivered this
Amendment by its duly authorized officer, as of the date first above written. 
  

			
	 Charles & Colvard, Ltd.

		
	By:	 	 /s/ James R. Braun

	Name:	 	James R. Braun
	Title:	 	VP Finance & CFO
	Date:	 	March 7, 2005
	
	John M. Bachman, Inc.
		
	By:	 	 /s/ John M. Bachman

	Name:	 	John M. Bachman
	Title:	 	President
	Date:	 	March 7, 2005

 REDACTED - OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION AND IS 
 DENOTED HEREIN BY ***** 
  
 Exhibit A 
  

								
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	SRB	 	0.05	 	2.5	 	 	*****
	SRB	 	0.09	 	3	 	 	*****
	SRB	 	0.14	 	3.5	 	 	*****
	SRB	 	0.21	 	4	 	 	*****
	SRB	 	0.29	 	4.5	 	 	*****
	SRB	 	0.41	 	5	 	 	*****
	SRB	 	0.54	 	5.5	 	 	*****
	SRB	 	0.68	 	6	 	 	*****
	SRB	 	0.88	 	6.5	 	 	*****
	SRB	 	1.10	 	7	 	 	*****
	SRB	 	1.35	 	7.5	 	 	*****
	SRB	 	1.60	 	8	 	 	*****
	SRB	 	1.90	 	8.5	 	 	*****
	SRB	 	2.26	 	9	 	 	*****
	SRB	 	2.72	 	9.5	 	 	*****
	SRB	 	3.08	 	10	 	 	*****
	SRB	 	3.57	 	10.5	 	 	*****
	SRB	 	4.11	 	11	 	 	*****
	SRB	 	4.72	 	11.5	 	 	*****
	SRB	 	5.33	 	12	 	 	*****
				
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	SBC	 	0.16	 	3	 	 	*****
	SBC	 	0.24	 	3.5	 	 	*****
	SBC	 	0.37	 	4	 	 	*****
	SBC	 	0.51	 	4.5	 	 	*****
	SBC	 	0.71	 	5	 	 	*****
	SBC	 	0.91	 	5.5	 	 	*****
	SBC	 	1.18	 	6	 	 	*****
	SBC	 	1.50	 	6.5	 	 	*****
	SBC	 	1.88	 	7	 	 	*****
	SBC	 	2.28	 	7.5	 	 	*****
	SBC	 	2.78	 	8	 	 	*****
	SBC	 	3.28	 	8.5	 	 	*****
	SBC	 	3.91	 	9	 	 	*****
	SBC	 	4.62	 	9.5	 	 	*****
	SBC	 	5.29	 	10	 	 	*****
	SBC	 	6.13	 	10.5	 	 	*****
	SBC	 	7.05	 	11	 	 	*****
	SBC	 	8.06	 	11.5	 	 	*****
	SBC	 	9.15	 	12	 	 	*****
				
	RDN	 	0.10	 	4	 	 	*****
	RDN	 	0.30	 	5	 	 	*****
	RDN	 	0.60	 	6	 	 	*****
	RDN	 	1.04	 	7	 	 	*****
	RDN	 	1.67	 	8	 	 	*****

  
 Charles Colvard,
Ltd.-JMB-12-1-04-Seventh Amendment-Exhibit A 
 Page 1 

 REDACTED - OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION AND IS 
 DENOTED HEREIN BY ***** 
  
 Exhibit A 
  

								
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	RDN	 	2.43	 	9	 	 	*****
	RDN	 	3.51	 	10	 	 	*****
	RDN	 	4.79	 	11	 	 	*****
	RDN	 	6.45	 	12	 	 	*****
	RDN	 	8.41	 	14	 	 	*****
				
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	OCT	 	0.11	 	3	 	 	*****
	OCT	 	0.17	 	3.5	 	 	*****
	OCT	 	0.25	 	4	 	 	*****
	OCT	 	0.35	 	4.5	 	 	*****
	OCT	 	0.47	 	5	 	 	*****
	OCT	 	0.62	 	5.5	 	 	*****
	OCT	 	0.80	 	6	 	 	*****
	OCT	 	1.02	 	6.5	 	 	*****
	OCT	 	1.26	 	7	 	 	*****
	OCT	 	1.56	 	7.5	 	 	*****
	OCT	 	1.82	 	8	 	 	*****
	OCT	 	2.19	 	8.5	 	 	*****
	OCT	 	2.58	 	9	 	 	*****
	OCT	 	3.05	 	9.5	 	 	*****
	OCT	 	3.57	 	10	 	 	*****
	OCT	 	4.13	 	10.5	 	 	*****
	OCT	 	4.75	 	11	 	 	*****
	OCT	 	5.43	 	11.5	 	 	*****
	OCT	 	6.17	 	12	 	 	*****
				
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	BAG	 	0.02	 	3	 	 	*****
	BAG	 	0.04	 	3.5	 	 	*****
	BAG	 	0.09	 	4	 	 	*****
	BAG	 	0.16	 	4.5	 	 	*****
	BAG	 	0.18	 	5	 	 	*****
	BAG	 	0.22	 	5.5	 	 	*****
	BAG	 	0.28	 	6	 	 	*****
				
	TRI	 	0.09	 	3	 	 	*****
	TRI	 	0.14	 	3.5	 	 	*****
	TRI	 	0.21	 	4	 	 	*****
	TRI	 	0.30	 	4.5	 	 	*****
	TRI	 	0.40	 	5	 	 	*****
	TRI	 	0.52	 	5.5	 	 	*****
	TRI	 	0.67	 	6	 	 	*****
	TRI	 	0.83	 	6.5	 	 	*****
	TRI	 	1.06	 	7	 	 	*****
	TRI	 	1.28	 	7.5	 	 	*****

  
 Charles Colvard,
Ltd.-JMB-12-1-04-Seventh Amendment-Exhibit A 
 Page 2 

 REDACTED - OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION AND IS 
 DENOTED HEREIN BY ***** 
  
 Exhibit A 
  

								
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	TRI	 	1.48	 	8	 	 	*****
	TRI	 	1.79	 	8.5	 	 	*****
				
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	TRL	 	0.08	 	3	 	 	*****
	TRL	 	0.13	 	3.5	 	 	*****
	TRL	 	0.18	 	4	 	 	*****
	TRL	 	0.27	 	4.5	 	 	*****
	TRL	 	0.36	 	5	 	 	*****
	TRL	 	0.47	 	5.5	 	 	*****
	TRL	 	0.61	 	6	 	 	*****
	TRL	 	0.74	 	6.5	 	 	*****
	TRL	 	0.94	 	7	 	 	*****
	TRL	 	1.16	 	7.5	 	 	*****
	TRL	 	1.44	 	8	 	 	*****
	TRL	 	1.66	 	8.5	 	 	*****
	TRL	 	2.17	 	9	 	 	*****
	TRL	 	2.42	 	9.5	 	 	*****
	TRL	 	2.81	 	10	 	 	*****
	TRL	 	3.34	 	10.5	 	 	*****
	TRL	 	3.84	 	11	 	 	*****
	TRL	 	4.38	 	11.5	 	 	*****
	TRL	 	5.11	 	12	 	 	*****
				
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	MRQ	 	0.06	 	4	 	 	*****
	MRQ	 	0.12	 	5	 	 	*****
	MRQ	 	0.21	 	6	 	 	*****
	MRQ	 	0.32	 	7	 	 	*****
	MRQ	 	0.47	 	8	 	 	*****
	MRQ	 	0.67	 	9	 	 	*****
	MRQ	 	0.90	 	10	 	 	*****
	MRQ	 	1.26	 	11	 	 	*****
	MRQ	 	1.58	 	12	 	 	*****
	MRQ	 	1.98	 	13	 	 	*****
	MRQ	 	2.48	 	14	 	 	*****
	MRQ	 	2.98	 	15	 	 	*****
	MRQ	 	3.63	 	16	 	 	*****
	MRQ	 	4.53	 	17	 	 	*****
	MRQ	 	5.10	 	18	 	 	*****
	MRQ	 	6.09	 	19	 	 	*****
	MRQ	 	6.99	 	20	 	 	*****
	MRQ	 	7.86	 	21	 	 	*****

  
 Charles Colvard,
Ltd.-JMB-12-1-04-Seventh Amendment-Exhibit A 
 Page 3 

 REDACTED - OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION AND IS 
 DENOTED HEREIN BY ***** 
  
 Exhibit A 
  

								
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	BagT	 	 	 	3	 	 	*****
	BagT	 	 	 	3.5	 	 	*****
	BagT	 	 	 	4	 	 	*****
	BagT	 	 	 	4.5	 	 	*****
	BagT	 	 	 	5	 	 	*****
	BagT	 	 	 	5.5	 	 	*****
	BagT	 	 	 	6	 	 	*****
				
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	CSH	 	0.12	 	3	 	 	*****
	CSH	 	0.19	 	3.5	 	 	*****
	CSH	 	0.30	 	4	 	 	*****
	CSH	 	0.42	 	4.5	 	 	*****
	CSH	 	0.56	 	5	 	 	*****
	CSH	 	0.75	 	5.5	 	 	*****
	CSH	 	0.95	 	6	 	 	*****
	CSH	 	1.21	 	6.5	 	 	*****
	CSH	 	1.49	 	7	 	 	*****
	CSH	 	1.80	 	7.5	 	 	*****
	CSH	 	2.15	 	8	 	 	*****
	CSH	 	2.54	 	8.5	 	 	*****
	CSH	 	2.98	 	9	 	 	*****
	CSH	 	3.74	 	9.5	 	 	*****
	CSH	 	4.18	 	10	 	 	*****
	CSH	 	4.99	 	10.5	 	 	*****
	CSH	 	5.73	 	11	 	 	*****
	CSH	 	6.55	 	11.5	 	 	*****
	CSH	 	7.01	 	12	 	 	*****
				
	CAS	 	0.09	 	3	 	 	*****
	CAS	 	0.15	 	3.5	 	 	*****
	CAS	 	0.21	 	4	 	 	*****
	CAS	 	0.30	 	4.5	 	 	*****
	CAS	 	0.40	 	5	 	 	*****
	CAS	 	0.52	 	5.5	 	 	*****
	CAS	 	0.69	 	6	 	 	*****
	CAS	 	0.88	 	6.5	 	 	*****
	CAS	 	1.09	 	7	 	 	*****
	CAS	 	1.33	 	7.5	 	 	*****
	CAS	 	1.61	 	8	 	 	*****
				
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	OVL	 	0.09	 	4	 	 	*****
	OVL	 	0.23	 	5	 	 	*****
	OVL	 	0.43	 	6	 	 	*****
	OVL	 	0.83	 	7	 	 	*****

  
 Charles Colvard,
Ltd.-JMB-12-1-04-Seventh Amendment-Exhibit A 
 Page 4 

 REDACTED - OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION AND IS 
 DENOTED HEREIN BY ***** 
  
 Exhibit A 
  

								
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	OVL	 	1.33	 	8	 	 	*****
	OVL	 	1.91	 	9	 	 	*****
	OVL	 	2.72	 	10	 	 	*****
	OVL	 	3.74	 	11	 	 	*****
				
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	PER	 	0.38	 	5	 	 	*****
	PER	 	0.39	 	6	 	 	*****
	PER	 	0.69	 	7	 	 	*****
	PER	 	0.76	 	7.5	 	 	*****
	PER	 	0.85	 	8	 	 	*****
	PER	 	1.33	 	9	 	 	*****
	PER	 	1.93	 	10	 	 	*****
	PER	 	2.33	 	11	 	 	*****
				
	Shape

	 	ct. wt.

	 	Size

	 	Price

	 
	HRT	 	0.08	 	3	 	 	*****
	HRT	 	0.14	 	3.5	 	 	*****
	HRT	 	0.21	 	4	 	 	*****
	HRT	 	0.30	 	4.5	 	 	*****
	HRT	 	0.42	 	5	 	 	*****
	HRT	 	0.54	 	5.5	 	 	*****
	HRT	 	0.70	 	6	 	 	*****
	HRT	 	0.86	 	6.5	 	 	*****
	HRT	 	1.10	 	7	 	 	*****
	HRT	 	1.32	 	7.5	 	 	*****
	HRT	 	1.61	 	8	 	 	*****
	HRT	 	1.97	 	8.5	 	 	*****
	HRT	 	2.43	 	9	 	 	*****
	HRT	 	2.83	 	9.5	 	 	*****
	HRT	 	3.30	 	10	 	 	*****
	HRT	 	3.74	 	10.5	 	 	*****
	HRT	 	4.30	 	11	 	 	*****
	HRT	 	4.91	 	11.5	 	 	*****
	HRT	 	5.58	 	12	 	 	*****

  
 Charles Colvard,
Ltd.-JMB-12-1-04-Seventh Amendment-Exhibit A 
 Page 5Amendment No. 5 to Cheniere Energy, Inc. 1997 Stock Option Plan

 Exhibit 10.6 
  
 CHENIERE ENERGY, INC. 1997 STOCK OPTION PLAN 
 AMENDMENT No. 5 
  
 WHEREAS, Cheniere Energy, Inc. (the “Company”) previously adopted the Cheniere Energy, Inc. 1997 Stock Option Plan (the “Plan”); and 
  
 WHEREAS, the Company desires to amend the Plan with respect to
determining the fair market value of the Common Stock (as defined in the Plan); and 
  
 WHEREAS, in Section 11.2 of the Plan, the Company reserves the right to amend the Plan; 
  
 NOW, THEREFORE, the Plan is hereby amended, effective as of January 1, 2005, as follows: 
  
 1. Section 2.10 of the Plan is amended and restated in its entirety to
read as follows: 
  
 “Fair Market Value”
means the closing price of the Common Stock on the principal exchange or over-the-counter market on which such shares are trading, if any, or as reported on any composite index which includes such principal exchange, on the most recent trading
date that immediately precedes the date of the determination; provided, however, that any Options exercised after the close of trading on any given date shall be deemed to be exercised on the next following trading date for purposes of determining
Fair Market Value. If shares of the Common Stock are not listed or admitted to trading on any exchange, over-the-counter market or any similar organization as of the determination date, the Fair Market Value shall be determined by the Committee in
good faith using any fair and reasonable means selected in its discretion. 
  
 2. The second sentence of Section 6.4 of the Plan is amended and restated in its entirety to read as follows: 
  
 “Payment of the Option Price shall be made (i) in cash or by cash equivalent, (ii) at the discretion of the Committee, in Common Stock (not subject
to limitations on transfer) valued at the Fair Market Value of such shares on the date of exercise or (iii) at the discretion of the Committee, by a combination of such cash and such Common Stock.” 
  
 3. Except as modified herein, the Plan is hereby specifically
ratified and affirmed.

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