Document:

EX-10.15

 Exhibit 10.15 

ASSUMPTION OF EMPLOYMENT AGREEMENT 

ASSUMPTION AGREEMENT dated as of October 31, 2013 (this “Assumption”) by LQ MANAGEMENT L.L.C., a Delaware limited
liability company (“LQ Management”). 
 BACKGROUND 

Reference is made to that certain Amended and Restated Executive Employment Agreement dated as of August 20, 2003 by and between Wyndham
International, Inc. (“Wyndham”) and Mark Chloupek, as supplemented by that certain letter dated April 17, 2005 (collectively, the “Employment Agreement”). 

ASSUMPTION 
 LQ Management
hereby assumes all of Wyndham’s duties and obligations with respect to the Employment Agreement. 
 LQ Management hereby acknowledges
that Wyndham is released from all duties and obligations with respect to the Employment Agreement and has no further liability under the Employment Agreement. 

This Assumption shall be construed in accordance with and governed by the laws of the State of New York. 

This Assumption may be executed in one or more counterparts, each of which when so executed and delivered shall be deemed an original, but all
of which taken together shall constitute but one and the same instrument. 

 IN WITNESS WHEREOF, LQ Management has duly executed this instrument as of the day first above
written. 
  

			
	 LQ MANAGEMENT L.L.C.,
 a
Delaware limited liability company

	
	 By: Blackstone Real Estate Acquisitions IV L.L.C.,

a Delaware limited liability company, its manager

		
	By:	 	 /s/ William J. Stein

	Name:	 	William J. Stein
	Title:	 	Senior Managing Director

  

	
	Acknowledged and Agreed to:
	
	 /s/ Mark Chloupek

	Mark Chloupek

 [Signature Page to Assumption of Employment Agreement]EX-10.38

 Exhibit 10.38 

THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”), is entered into on August 24, 2012 between STERLING
JEWELERS INC., a Delaware corporation (the “Company”), and ED HRABAK (the “Executive”) and shall be effective as of June 30, 2012 (the “Effective Date”). 

WHEREAS, the Company is engaged in the business of operating a chain of retail jewelry stores in the United States (the
“Business”); 
 WHEREAS, the Executive is presently employed by the Company as its Senior Vice President of Merchandising;

 WHEREAS, the parties previously entered into an Amended and Restated Employment Agreement dated December 3, 2004, as amended on
September 1, 2006 and on September 1, 2007, which agreement was amended and restated pursuant to the Second Amended and Restated Employment Agreement, dated as of July 26, 2010 (the “Prior Agreement”); 

WHEREAS, the Company desires to continue the employment of the Executive and to amend and restate the Prior Agreement in its entirety
effective as of the Effective Date; and 
 WHEREAS, the Executive desires to accept such continued employment, subject to the terms and
provisions of this Agreement; 
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and obligations hereinafter
set forth, the parties hereto, intending to be legally bound, hereby agree as follows: 
 1. Employment and Term. 

(a) The Company hereby employs the Executive, and the Executive hereby accepts continued employment by the Company, in the capacities and on
the terms and subject to the conditions set forth herein from the Effective Date until the date this Agreement is terminated by the Company or by the Executive pursuant to the terms of this Agreement (the “Term of Employment”). 

(b) The Company may terminate this Agreement at any time by notifying the Executive in writing. In the event the Company terminates the
Executive’s employment without Cause pursuant to this Section 1(b), the Company shall be obligated to (i) pay the Executive his Base Salary (as defined in Section 3 below) in effect at the effective date of termination prorated
to such date of termination, (ii) pay the Executive for any Annual Bonus (as defined in Section 3 below) (which amount shall be paid during the period commencing on the 15th of April and
ending on the 31st of May following the end of the applicable fiscal year of Signet Jewelers Limited (the parent of 

 
the Company, “Signet”)) and/or Long Term Bonus (as defined below in Section 3 below) (which amount shall be paid in accordance with the Omnibus Incentive Plan or the equity
incentive plan for executive officers then in effect, as approved by the Compensation Committee of Signet or its designee) earned by Executive for a completed fiscal year (or, in the case of the Long Term Bonus, a completed performance period) prior
to the effective date of such termination but which remain unpaid as of the date of termination, (iii) pay the Executive an amount equal to the Annual Bonus the Executive would otherwise have received for the fiscal year in which the
Executive’s termination of employment occurred, based on actual performance, which amount shall be pro-rated based on the number of calendar days that shall have elapsed since the beginning of the applicable fiscal year and ending on the date
of termination of employment, (which amount shall be paid during the period commencing on the 15th of April and ending on the 31st of May
following the end of the applicable fiscal year of Signet), (iv) continue to pay to the Executive his Base Salary in effect on the last date of Executive’s employment for twelve (12) months following such last date of employment, in
accordance with the Company’s standard payroll practices for executive officers, with each such payment hereby designated a separate payment, and (v) provide the Executive with a lump-sum payment equal to the cost of the COBRA premium for
twelve (12) months of coverage at the same level as in effect immediately prior to the date of termination in order to support the Executive’s transition. The Executive shall continue to have the obligations provided for in Sections 6 and
7 hereof. 
 (c) The Term of Employment may also be terminated by the Executive at any time upon three hundred sixty (360) days’
prior written notice to the Company. Upon such termination, the Company shall have no further obligations hereunder except to (i) pay the Executive his Base Salary in effect at the effective date of such termination prorated to such date of
termination, with each such payment hereby designated a separate payment, (ii) pay the Executive for any Annual Bonus (as defined in Section 3 below) (which amount shall be paid during the period commencing on the 15th of April and ending on the 31st of May following the end of the applicable fiscal year of Signet) and/or Long Term Bonus (as defined below in
Section 3 below) (which amount shall be paid in accordance with the Omnibus Incentive Plan or the equity incentive plan for executive officers then in effect, as approved by the Compensation Committee of Signet or its designee) earned by the
Executive for a completed fiscal year (or, in the case of the Long Term Bonus, a completed performance period) prior to the effective date of such termination but which remain unpaid as of the date of termination, and (iii) provide the
Executive any other benefits to which he is entitled upon such termination. The Executive shall continue to have the obligations provided in Sections 6 and 7 hereof. 

2. Duties. During the Term of Employment, the Executive shall serve as Executive Vice President and Chief Operating Officer of the
Company. The Executive shall report to the Chief Executive Officer of the Company or such other officer as determined by the Board of Directors of Signet. The Executive shall serve the Company faithfully and to the best of his ability in such
capacities, as determined by the Chief Executive Officer of the Company, devoting substantially all of his business time, attention, knowledge, energy and skills to such employment. In addition, if elected, the 

  
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Executive shall also serve during any part of the Term of Employment as any other officer or a director of the Company or any subsidiary corporation or parent corporation of the Company, without
any compensation therefor other than as specified in this Agreement. 
 3. Compensation and Benefits. As full and complete
compensation to the Executive for his execution and delivery of this Agreement and performance of the services required hereunder, the Company shall pay, grant or provide to the Executive, and the Executive agrees to accept: 

(a) (i) a base salary, payable in accordance with the Company’s standard payroll practices for executive officers, of $510,000 per
annum (“Base Salary”); (ii) an annual bonus (the “Annual Bonus”) of up to 100% of Base Salary, in accordance with the bonus plan then in effect for executive officers of the Company, as approved by the
Compensation Committee of Signet or its designee, which Annual Bonus shall be paid during the period commencing on the 15th of April and ending on the 31st of May following the end of the applicable fiscal year of Signet; (iii) a long term incentive bonus with a target opportunity of 69% of Base Salary, payable in the form of options, restricted
stock and/or other stock-based awards (as determined in the sole discretion of the Compensation Committee of Signet or its designee), in accordance with the Signet Jewelers Limited Omnibus Incentive Plan (the “Omnibus Incentive
Plan”) or the equity incentive plan for executive officers then in effect (the “Long Term Bonus”); provided, however, that on or prior to each April 1 of each year, the Board of Directors of the Company,
the Compensation Committee of Signet or its designee shall review the amount of the Executive’s Base Salary then in effect and, in the absolute discretion of the Board, such committee or its designee, the Base Salary may be increased, but not
decreased, from such amount, based upon the performance of the Executive and other factors as may be considered by the Board, such committee or its designee to be relevant from time to time; 

(b) medical/dental, long term disability and life insurance benefits made available generally from time to time by the Company to executive
officers that are comparable with, but no less favorable to the Executive than, those benefits in effect as of the date of this Agreement with respect to the Executive; 

(c) such deferred compensation benefits as may be made available generally from time to time by the Company to executive officers of the
Company upon the authorization and approval of the Compensation Committee of Signet; and 
 (d) such other perquisites and benefits as may
be made available generally from time to time by the Company to executive officers of the Company. 
 No reimbursement or in-kind benefits
provided under this Section 3 in respect of one taxable year shall affect the amounts payable in any other taxable year or shall be subject to liquidation or exchange for another benefit. Any reimbursements made to the 

  
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Executive pursuant to this Agreement or otherwise shall be paid no later than the last day of the year following the year in which the expense was incurred. 

4. Termination. 
 (a)
Disability. In the event of any physical or mental disability during the Term of Employment which renders the Executive incapable of performing the services required of him for any period or periods aggregating six months during any twelve-month period, the Company shall have the right, upon written notice to the Executive, to terminate the Executive’s employment hereunder, effective upon the giving of such notice (or such later date as
shall be specified in such notice). Upon such termination, the Company shall have no further obligations hereunder, except to (i) pay the Executive his Base Salary to the effective date of such termination, to the extent not already paid, with
each such payment hereby designated a separate payment, (ii) pay the Executive for any Annual Bonus (which amount shall be paid during the period commencing on the 15th of April and ending on
the 31st of May following the end of the applicable fiscal year of Signet) and/or Long Term Bonus earned by Executive for a completed fiscal year (or, in the case of the Long Term Bonus, a
completed performance period) prior to the effective date of such termination but which remains unpaid as of the date of termination, (iii) pay the Executive the pro-rata portion of the Annual Bonus he would have been entitled to receive had he
remained in employment through the end of the fiscal year during which such termination occurred, based on the portion of the fiscal year that has elapsed prior to such termination (which amount shall be paid during the period commencing on the 15th of April and ending on the 31st of May following the end of the applicable fiscal year of Signet), and (iv) provide the Executive any other
benefits to which the Executive is entitled. For purposes of this Section 4(a), the Executive’s physical or mental disability shall be determined in accordance with any disability plan of or applicable to the Company that is then in
effect. The Executive shall continue to have the obligations provided for in Sections 6 and 7 hereof. 
 (b) Death. In the event of
the death of the Executive during the Term of Employment, the Executive’s employment and this Agreement shall automatically terminate and the Company shall have no further obligations hereunder, except to (i) pay the Executive’s
estate the Base Salary to the effective date of termination, to the extent not already paid, and for six (6) months following such date, payable in accordance with the Company’s standard payroll practices for executive officers, with each
such payment hereby designated a separate payment, (ii) pay the Executive’s estate for any Annual Bonus (which amount shall be paid during the period commencing on the 15th of April and
ending on the 31st of May following the end of the applicable fiscal year of Signet) and/or Long Term Bonus (which amount shall be paid in accordance with the Omnibus Incentive Plan or the equity
incentive plan for executive officers then in effect, as approved by the Compensation Committee of Signet or its designee) earned by Executive for a completed fiscal year (or, in the case of the Long Term Bonus, a completed performance period) prior
to the date of death but which remains unpaid as of the date of death, (iii) pay the Executive’s estate the pro-rata portion of the Annual Bonus the Executive would have been entitled to receive had he remained in employment through

  
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the end of the fiscal year during which such termination upon death occurred, based on the portion of the fiscal year that has elapsed prior to such termination (which amount shall be paid during
the period commencing on the 15th of April and ending on the 31st of May following the end of the applicable fiscal year of Signet), and
(iv) provide the Executive any other benefits to which the Executive is entitled. 
 (c) Cause. The Company shall have the
right, upon written notice to the Executive, to terminate the Executive’s employment under this Agreement for Cause (as hereinafter defined), effective upon the giving of such notice (or such later date as shall be specified in such notice),
and the Company shall have no further obligations hereunder, except to pay the Executive his Base Salary prorated to the effective date of termination, to the extent not already paid, and the Executive shall continue to have the obligations provided
in Sections 6 and 7 hereof. 
 For purposes of this Agreement, “Cause” means: (i) fraud, embezzlement, gross
insubordination on the part of the Executive or any act of moral turpitude or misconduct (which misconduct adversely affects the business or reputation of the Company) by the Executive; (ii) conviction of or the entry of a plea of nolo
contendere by the Executive for any felony; or (iii) a material breach of, or the willful failure or refusal by the Executive to perform and discharge, his duties, responsibilities or obligations under this Agreement. 

5. Resignation upon Termination. Upon the termination of the Executive’s employment hereunder for any reason, the Executive
shall immediately be deemed to resign, and shall resign, from all offices and directorships held by him in the Company or any of its subsidiaries or affiliates and shall execute any and all documents reasonably necessary to effect such resignations
as requested by the Company. 
 6. Confidentiality; Ownership of Developments. 

(a) During the Term of Employment and for any time thereafter, the Executive shall keep secret and retain in strictest confidence and not
divulge, disclose, discuss, copy or otherwise use or suffer to be used in any manner, except in good faith in connection with the Business of the Company and of any of the subsidiaries or affiliates of the Company, any trade secrets, confidential or
proprietary information and documents or materials owned, developed or possessed by the Company or any of the subsidiaries or affiliates of the Company pertaining to the Business of the Company or any of the subsidiaries or affiliates of the
Company; provided, however, that such information referred to in this Section 6(a) shall not include information that is or has become generally known to the public or the jewelry trade without violation of this Section 6.

 (b) The Executive acknowledges that all developments, including, without limitation, inventions (patentable or otherwise), discoveries,
improvements, patents, trade secrets, designs, reports, computer software, flow charts and diagrams, data, documentation, writings and applications thereof relating to the Business or planned business of the Company or any of the subsidiaries or
affiliates of the Company that, 

  
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alone or jointly with others, the Executive may create, make, develop or acquire during the Term of Employment (collectively, the “Developments”) are works made for hire and
shall remain the sole and exclusive property of the Company and the Executive hereby assigns to the Company all of his right, title and interest in and to all such Developments. 

(c) The provisions of this Section 6 shall, without any limitation as to time, survive the expiration or termination of the
Executive’s employment hereunder, irrespective of the reason for any termination. 
 7. Covenants Not to Solicit and Not to
Compete. The Executive agrees that during the Term of Employment and for a period of one year commencing upon the last date of Executive’s employment (the “Non-Competition Period”), the Executive shall not, directly or
indirectly, without the prior written consent of the Company: 
 (a) solicit, entice, persuade or induce any employee, consultant, agent or
independent contractor of the Company or of any of the subsidiaries or affiliates of the Company to terminate his or her employment or engagement with the Company or such subsidiary or affiliate, to become employed by any person, firm or corporation
other than the Company or such subsidiary or affiliate or approach any such employee, consultant, agent or independent contractor for any of the foregoing purposes; or 

(b) directly or indirectly own, manage, control, invest or participate in any way in, consult with or render services to or for any person or
entity (other than for the Company or any of the subsidiaries or affiliates of the Company) which is engaged in the retail jewelry business; provided, however, that the restrictions of this Section 7(b) shall not extend to the
ownership, management or control of a retail jewelry business by the Executive following the termination of his employment with the Company provided that such activity is no less than sixty (60) miles distant from any retail jewelry store of
the Company at the time of such termination of employment and provided, further, however, that the restrictions of this Section 7(b) shall not extend to the ownership of publicly traded securities in a company engaged in
the retail jewelry business, provided that such ownership does not exceed 1% of the outstanding voting securities of such company. 

Notwithstanding anything to the contrary contained herein, in the event Executive terminates his employment upon less than three hundred sixty
(360) days notice to the Company as required by Section 1(c), the Non-Competition Period shall be extended by an amount of time equal to three hundred sixty (360) days less the amount of notice actually given by the Executive to the
Company; provided, however, if such termination by Executive upon less than three hundred sixty (360) days notice is within sixty (60) days following a Change in Control (as defined below), Executive’s obligations pursuant to clause
(b) above shall continue for the Non-Competition Period without giving effect to the extension of time provided for herein. For purposes of this Agreement, a “Change in Control” shall mean: (i) the consummation of a merger
or consolidation of the Company with or into another entity or any other corporate reorganization (other than Signet or an affiliate of Signet or the Company), if persons who were not shareholders of

  
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the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization more than fifty percent (50%) of
the voting power of the outstanding securities of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity or (ii) any person or group of related persons
(other than Signet or an affiliate of Signet or the Company) shall acquire beneficial ownership of more than fifty percent (50%) of the voting power of all classes of stock of the Company. A transaction shall not constitute a “Change in
Control” if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately
before such transaction. 
 8. Specific Performance. The Executive acknowledges that the services to be rendered by the Executive are
of a special, unique and extraordinary character and, in connection with such services, the Executive will have access to confidential information vital to the Company’s Business and the subsidiaries and affiliates of the Company. By reason of
this, the Executive consents and agrees that if the Executive violates any of the provisions of Sections 6 or 7 hereof, the Company and the subsidiaries and affiliates of the Company would sustain irreparable injury and that monetary damages will
not provide adequate remedy to the Company and that the Company shall be entitled to have Sections 6 or 7 specifically enforced by any court having equity jurisdiction. Nothing contained herein shall be construed as prohibiting the Company or any of
the subsidiaries or affiliates of the Company from pursuing any other remedies available to it for such breach or threatened breach, including the recovery of damages from the Executive. 

9. Entire Agreement. This Agreement embodies the entire agreement of the parties with respect to the Executive’s employment and,
effective as of the Effective Date, supersedes any other prior oral or written agreements, arrangements or understandings between the Executive and the Company with respect to the Executive’s employment (including, without limitation, the Prior
Agreement). Subject to Section 14, this Agreement may not be changed or terminated orally but only by an agreement in writing signed by the parties hereto. 

10. Governing Law: Jurisdiction. 

(a) This Agreement shall be subject to, and governed by, the laws of the State of Ohio applicable to contracts made and to be performed
therein. 
 (b) Any action to enforce any of the provisions of this Agreement shall be brought in a court of the State of Ohio located in
Summit County or in a Federal court located in Cleveland, Ohio. The parties consent to the jurisdiction of such courts and to the service of process in any manner provided by Ohio law. Each party irrevocably waives any objection which it may now or
hereafter have to the venue of any such suit, action or proceeding brought in such court and any claim that such suit, action or proceeding has been brought in an inconvenient forum. 

  
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 (c) The predominantly prevailing party in any action to enforce any of the provisions of this
Agreement shall be entitled to reimbursement from the other party for its or his costs and expenses (including attorneys fees and expenses) incurred in connection with such action. 

11. Assignability. The obligations of the Executive may not be delegated and the Executive may not, without the Company’s written
consent thereto, assign, transfer, convey, pledge, encumber, hypothecate or otherwise dispose of this Agreement or any interest herein. Any such attempted delegation or disposition shall be null and void and without effect. The Company and the
Executive agree that this Agreement and all of the Company’s rights and obligations hereunder may be assigned or transferred by the Company to any successor to or affiliate of the Company. 

12. Severability. If any provision of this Agreement or any part thereof, including, without limitation, Sections 6 and 7, as applied
to either party or to any circumstances shall be adjudged by a court of competent jurisdiction to be void or unenforceable, the same shall in no way affect any other provision of this Agreement or remaining part thereof, which shall be given full
effect without regard to the invalid or unenforceable part thereof, or the validity or enforceability of this Agreement. 
 If any court
construes any of the provisions of Section 6 or 7, or any part thereof, to be unreasonable because of the duration of such provision or the geographic scope thereof, such court may reduce the duration or restrict or redefine the geographic
scope of such provision and enforce such provision as so reduced, restricted or redefined. 
 13. Notices. All notices to the Company
or the Executive permitted or required hereunder shall be in writing and shall be delivered personally, by telecopier or by courier service providing for next-day delivery or sent by registered or certified mail, return receipt requested, to the
following addresses: 
 The Company: 

Sterling Jewelers Inc. 
 375
Ghent Road 
 Akron, Ohio 44333 

Fax: (330) 668-5191 
 Attn:
Chief Financial Officer 
 with a copy to: 

Weil, Gotshal & Manges LLP 

767 Fifth Avenue 
 New York, NY
10153 
 Fax: (212) 310-8007 

Attn: Amy Rubin 
 The
Executive: 
 Ed Hrabak 

  
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 Sterling Jewelers Inc. 

375 Ghent Road 
 Akron, Ohio
44333 
 Either party may change the address to which notices shall be sent by sending written notice of such change of address to the other
party. Any such notice shall be deemed given, if delivered personally, upon receipt; if telecopied, when telecopied; if sent by courier service providing for next-day delivery, the next business day following deposit with such courier service; and
if sent by certified or registered mail, three days after deposit (postage prepaid) with the U.S. mail service. 
 14. Compliance with Code
Section 409A. To the extent applicable, this Agreement shall be interpreted in accordance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and Department of Treasury regulations and other
interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Effective Date. A termination of employment shall not be deemed to have occurred for purposes of this Agreement
providing for the payment of any amounts or benefits that are considered nonqualified deferred compensation under Section 409A upon or following a termination of employment, unless such termination is also a “separation from service”
within the meaning of Section 409A and the payment thereof prior to a “separation from service” would violate Section 409A. For purposes of any such provision of this Agreement relating to any such payments or benefits,
references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” Notwithstanding any provision of the Agreement to the contrary, (i) if at the time of the
Executive’s termination of employment with the Company the Executive is a “specified employee” as defined in Section 409A Code and related Department of Treasury guidance and the deferral of the commencement of any payments or
benefits otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company shall defer the commencement of any such
payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Executive) until the date that is six months and one day following the Executive’s termination of employment with the Company
(or the earliest date as is permitted under Section 409A of the Code) and (ii) if any other payments of money or other benefits due to the Executive hereunder could cause the application of an accelerated or additional tax under Section
409A of the Code, the Company may (a) adopt such amendments to the Agreement, including amendments with retroactive effect, that the Company determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by
the Agreement and/or (b) take such other actions as the Company determines necessary or appropriate to comply with the requirements of Section 409A of the Code and related Department of Treasury guidance. The Company shall consult with the
Executive in good faith regarding the implementation of this Section 14; provided that neither the Company nor any of its employees or representatives shall have any liability to the Executive with respect thereto. 

  
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 15. Withholding Taxes. The Company may withhold from any amounts payable under this
Agreement such federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. 
 16.
Paragraph Headings. The paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

17. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all
of which taken together shall constitute one and the same instrument. 

  
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 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first
written above. 
  

			
	STERLINGJEWELERS INC.
		
	By:	 	 /s/ Mark Light

	Name:	 	MARK LIGHT
	Title:	 	PRESIDENT & CEO
	
	 /s/ Ed Hrabak

	ED HRABAK

  
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