Document:

Stock Option Agreement dated on or about April 23, 2004 with Peter O'Brien

 Exhibit 4.47 
 

 
 STOCK OPTION AGREEMENT 
  

			
	BETWEEN	  	HENRY BIRKS & SONS INC., a company duly incorporated according to the laws of Canada, having its head office at 1240 Phillips Square, Montreal, (Quebec); hereinafter
referred to as “Birks”;
		
	AND	  	PETER O’BRIEN

 Whereas Peter O’Brien is a member of the Board of Directors and/or other ad hoc
Committees of Birks hereinafter collectively referred to as the “Board”. 
 Whereas it is in the best interests of Birks to
encourage a sense of proprietorship on the part of Peter O’Brien and to induce Peter O’Brien to continue in the service of a corporation related to Birks. 
 Now therefore the parties have agreed as follows: 
 Grant of options: Birks hereby
grants to Peter O’Brien an option to acquire 5,000 non-voting common shares (“Shares”), of the issued and outstanding Shares in the capital stock of Birks, upon the following terms and conditions: 
 Exercise Price: The exercise price shall be equal to CDN$7.73 per Share, the fair market value for such Share as of the date of this agreement
(the “Exercise Price”). 
 Redeem: In order to provide Peter O’Brien with a market for the shares at any time that
Birks is not a public corporation, Peter O’Brien is entitled to require that Birks redeem the shares at fair market value on the date of the request. 
 Reorganization of share capital: In the event of a reorganization of the capital stock of Birks or if its Shares are subdivided, consolidated, converted, reclassified or split or that any other action of a
similar nature affecting the Shares is taken by Birks, then the option and the Exercise Price shall be adjusted accordingly. 
 Option
period: Unless otherwise provided in this agreement, the option shall be exercisable without condition in whole or in part at any time prior to April 23, 2014 (“the Option Period”). 
 Brokerage fees upon transfer: Peter O’Brien shall be responsible for the payment of any brokerage fees in respect of the sale or transfer of
Share acquired as a result of exercising the option hereby granted. 
 Henry Birks et Fils Inc. • Henry Birks & Sons Inc.

 1240, Square Phillips, Montréal QC H3B 3H4 CANADA • Tél.: 514.397.2511 
  

 1 

 Rights not transferable: Except as provided herein, the rights Peter O’Brien pursuant to this
agreement are non-assignable and non-transferable in whole or in part, either directly or indirectly. No attempted assignment or transfer thereof otherwise than in accordance with the provisions hereof shall be effective. 
 Responsibility for tax: Birks shall not be responsible for any tax which may be payable by Peter O’Brien as a consequence of this agreement,
exercise of option or sale or transfer of Shares. 
 Applicable law: This agreement shall be governed by the laws of the Province of
Quebec and the laws of Canada applicable therein. 
 No further rights: This agreement shall not entitle Peter O’Brien to be
re-elected to the Board or to continue in the employment of any related corporation of Birks. 
 Source of option: The option
described in this agreement and any Shares acquired pursuant to its exercise shall not be governed by Birks Employee Stock Option Plan. 
 Language: Les parties aux présentes ont exigé que cette convention soit redigée en anglais. The parties hereto have required that this agreement be written in English. 
  

					
	Henry Birks & Sons Inc.	 		 	
			
	

	 		 	

	Per:   Thomas A. Andruskevich	 		 	 Peter O’Brien

	Title: President and CEO and Director	 		 	

  

 2Stock Option Agreement dated on or about April 23, 2004 with Margherita Oberti

 Exhibit 4.48 
 

 
 STOCK OPTION AGREEMENT 
  

			
	BETWEEN	  	HENRY BIRKS & SONS INC., a company duly incorporated according to the laws of Canada, having its head office at 1240 Phillips Square, Montreal, (Quebec); hereinafter
referred to as “Birks”;
		
	AND	  	MARGHERITA OBERTI

 Whereas Margherita Oberti is a member of the Board of Directors and/or other ad hoc
Committees of Birks hereinafter collectively referred to as the “Board”. 
 Whereas it is in the best interests of Birks to
encourage a sense of proprietorship on the part of Margherita Oberti and to induce Margherita Oberti to continue in the service of a corporation related to Birks. 
 Now therefore the parties have agreed as follows: 
 Grant of options: Birks hereby grants to Margherita Oberti
an option to acquire 5,000 non-voting common shares (“Shares”), of the issued and outstanding Shares in the capital stock of Birks, upon the following terms and conditions: 
 Exercise Price: The exercise price shall be equal to CDN$7.73 per Share, the fair market value for such Share as of the date of this agreement
(the “Exercise Price”). 
 Redeem: In order to provide Margherita Oberti with a market for the shares at any time that Birks
is not a public corporation, Margherita Oberti is entitled to require that Birks redeem the shares at fair market value on the date of the request. 
 Reorganization of share capital: In the event of a reorganization of the capital stock of Birks or if its Shares are subdivided, consolidated, converted, reclassified or split or that any other action of a similar nature affecting
the Shares is taken by Birks, then the option and the Exercise Price shall be adjusted accordingly. 
 Option period: Unless otherwise
provided in this agreement, the option shall be exercisable without condition in whole or in part at any time prior to April 23, 2014 (“the Option Period”). 
 Brokerage fees upon transfer: Margherita Oberti shall be responsible for the payment of any brokerage fees in respect of the sale or transfer of
Share acquired as a result of exercising the option hereby granted. 
 Henry Birks et Fils Inc. • Henry Birks & Sons Inc.

 1240, Square Phillips, Montréal QC H3B 3H4 CANADA • Tél.: 514.397.2511 
  

 1 

 Rights not transferable: Except as provided herein, the rights Margherita Oberti pursuant to this
agreement are non-assignable and non-transferable in whole or in part, either directly or indirectly. No attempted assignment or transfer thereof otherwise than in accordance with the provisions hereof shall be effective. 
 Responsibility for tax: Birks shall not be responsible for any tax which may be payable by Margherita Oberti as a consequence of this agreement,
exercise of option or sale or transfer of Shares. 
 Applicable law: This agreement shall be governed by the laws of the Province of
Quebec and the laws of Canada applicable therein. 
 No further rights: This agreement shall not entitle Margherita Oberti to be
re-elected to the Board or to continue in the employment of any related corporation of Birks. 
 Source of option: The option
described in this agreement and any Shares acquired pursuant to its exercise shall not be governed by Birks Employee Stock Option Plan. 
 Language: Les parties aux présentes ont exigé que cette convention soit redigée en anglais. The parties hereto have required that this agreement be written in English. 
  

									
	Henry Birks & Sons Inc.	 		 	
				
	

	 		 		 	

	Per:	 	Thomas A. Andruskevich	 		 		 	Margherita Oberti
	Title:	 	President and CEO and Director	 		 		 	

  

 2Stock Option Agreement with Lorenzo Rossi di Montelera

 Exhibit 4.49 
 

 
 STOCK OPTION AGREEMENT 
  

			
	BETWEEN	  	HENRY BIRKS & SONS INC., a company duly incorporated according to the laws of Canada, having its head office at 1240 Phillips Square, Montreal, (Quebec); hereinafter
referred to as “Birks”;
		
	AND	  	LORENZO ROSSI Dl MONTELERA

 Whereas Lorenzo Rossi di Montelera is a member of the Board of Directors and/or other ad
hoc Committees of Birks hereinafter collectively referred to as the “Board”. 
 Now therefore the parties have agreed as follows:

 Grant of options: On April 23, 2004, Birks granted to Lorenzo Rossi di Montelera an option to acquire 5,000 non-voting
common shares (“Shares”), of the issued and outstanding Shares in the capital stock of Birks, upon the following terms and conditions: 
 Exercise Price: The exercise price shall be equal to CDN$7.73 per Share, the fair market value for such Share as of the date of grant (the “Exercise Price”). 
 Redeem: In order to provide Lorenzo Rossi di Montelera with a market for the shares at any time that Birks is not a public corporation, Lorenzo
Rossi di Montelera is entitled to require that Birks redeem the shares at fair market value on the date of the request. 
 Reorganization
of share capital: In the event of a reorganization of the capital stock of Birks or if its Shares are subdivided, consolidated, converted, reclassified or split or that any other action of a similar nature affecting the Shares is taken by Birks,
then the option and the Exercise Price shall be adjusted accordingly. 
 Option period: Unless otherwise provided in this agreement,
the option shall be exercisable without condition in whole or in part at any time prior to April 23, 2014 (“the Option Period”). 
 Brokerage fees upon transfer: Lorenzo Rossi di Montelera shall be responsible for the payment of any brokerage fees in respect of the sale or transfer of Share acquired as a result of exercising the option hereby granted. 

Henry Birks et Fils Inc. • Henry Birks & Sons Inc. 
 1240, Square Phillips, Montréal QC H3B 3H4 CANADA • Tél.: 514.397.2511 
  

 1 

 Rights not transferable: Except as provided herein, the rights Lorenzo Rossi di Montelera pursuant
to this agreement are non-assignable and non-transferable in whole or in part, either directly or indirectly. No attempted assignment or transfer thereof otherwise than in accordance with the provisions hereof shall be effective. 
 Responsibility for tax: Birks shall not be responsible for any tax which may be payable by Lorenzo Rossi di Montelera as a consequence of this
agreement, exercise of option or sale or transfer of Shares. 
 Applicable law: This agreement shall be governed by the laws of the
Province of Quebec and the laws of Canada applicable therein. 
 Source of option: The option described in this agreement and any
Shares acquired pursuant to its exercise shall not be governed by Birks Employee Stock Option Plan. 
 Language: Les parties aux
présentes ont exigé que cette convention soit redigée en anglais. The parties hereto have required that this agreement be written in English. 
  

					
	Henry Birks & Sons Inc.	 		 	
			
	

	 		 	

	Per:   Thomas A. Andruskevich	 		 	Lorenzo Rossi di Montelera
	Title: President and CEO	 		 	

  

 2

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