<SEC-DOCUMENT>0001140361-19-005044.txt : 20190315
<SEC-HEADER>0001140361-19-005044.hdr.sgml : 20190315
<ACCEPTANCE-DATETIME>20190315170354
ACCESSION NUMBER:		0001140361-19-005044
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190313
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190315
DATE AS OF CHANGE:		20190315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIGNET JEWELERS LTD
		CENTRAL INDEX KEY:			0000832988
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-JEWELRY STORES [5944]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0202

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32349
		FILM NUMBER:		19685794

	BUSINESS ADDRESS:	
		STREET 1:		CLARENDON HOUSE
		STREET 2:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
		BUSINESS PHONE:		44-207-317-9700

	MAIL ADDRESS:	
		STREET 1:		C/O 15 GOLDEN SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1F9JG

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIGNET GROUP PLC
		DATE OF NAME CHANGE:	19931213

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RATNERS GROUP PLC
		DATE OF NAME CHANGE:	19931213
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>8-K
<TEXT>
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    <div style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Washington, D.C. 20549</font></div>
    <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: center; font-size: 18pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">FORM 8-K</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">CURRENT REPORT</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Date of Report (Date of earliest event reported): March 13, 2019</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
    <div style="text-align: center; font-size: 24pt;"><font style="font-family: &quot;Times New Roman&quot;;">SIGNET JEWELERS LIMITED</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Exact name of registrant as specified in its charter)</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Commission File Number: 1-32349</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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          <td style="width: 49%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Bermuda</font></div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 49%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Not Applicable</font></div>
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          <td style="width: 49%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(State or other jurisdiction of incorporation)</font></div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 49%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(IRS Employer Identification No.)</font></div>
          </td>
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    <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Clarendon House</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">2 Church Street</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Hamilton</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">HM11</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Bermuda</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Address of principal executive offices, including zip code)</font></div>
    <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(441) 296 5872</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Registrant&#8217;s telephone number, including area code)</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Former name or former address, if changed since last report)</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
        following provisions:</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
              </td>
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                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
              </td>
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              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
              </td>
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              <td style="width: 18pt; vertical-align: top;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
              </td>
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    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of
        this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). Emerging growth company <font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
        revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></font></div>
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        font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font></font></div>
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              <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 5.02</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font></div>
              </td>
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        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On March 13, 2019, Sterling Jewelers Inc. (&#8220;Sterling&#8221;) entered into a side letter (the &#8220;Side Letter&#8221;) to the separation and release agreement previously
        entered into between Sterling and Michele Santana dated August 28, 2018. The Side Letter provides that Ms. Santana will continue to serve as Chief Financial Officer (&#8220;CFO&#8221;) of Signet Jewelers Limited (&#8220;Signet&#8221;) through the date that Signet files
        its next Form 10-K. On the date immediately following such filing, Ms. Santana will transition to the role of Senior Advisor until April 30, 2019 or such earlier date as set forth in the separation agreement (the &#8220;Termination Date&#8221;). From the
        Termination Date through June 30, 2019, Ms. Santana shall provide consulting services for an aggregate fee of $125,000 payable in two installments. Ms. Santana has agreed to extend the restrictive covenant period under her separation and release
        agreement to 24 months (from 18 months) following the Termination Date for an additional payment of $150,000. The second installment payment for the consulting services and the payment in respect of the extension of the restrictive covenant period
        are subject to Ms. Santana&#8217;s execution of a release of claims following the end of the consulting period.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The foregoing description of the Side Letter is not complete and is qualified in its entirety by the full text of the Side Letter which is attached as Exhibit
        10.1 to this Current Report on Form 8-K and is incorporated herein by reference.</font></div>
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              <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 9.01</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Financial Statements and Exhibits</font></div>
              </td>
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    </div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">See Exhibit Index</font></div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">EXHIBIT INDEX</font></div>
    <div><br>
    </div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Exhibit </font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Number</font></div>
          </td>
          <td style="width: 92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Description</font></div>
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          <td rowspan="1" style="width: 8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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          <td style="width: 8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><a href="ex10_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.1</font></a></div>
          </td>
          <td style="width: 92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Side Letter, dated March 13, 2019, between Sterling Jewelers Inc. and Michele Santana</font></div>
          </td>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURES</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: left; text-indent: 27pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
        by the undersigned hereunto duly authorized.</font></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="ze5551427250d4cddb21f6247a64ab8d4">

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          <td colspan="2" style="vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SIGNET JEWELERS LIMITED</font></div>
          </td>
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        <tr>
          <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date: March 15, 2019</font></div>
          </td>
          <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
          </td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Lynn Dennison</font></div>
          </td>
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          <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
          </td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Lynn Dennison</font></div>
          </td>
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          <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
          </td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Legal &amp; Transformation Officer</font></div>
          </td>
        </tr>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10_1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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  <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit 10.1</font><br>
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  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div>
    <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt;">March 13, 2019</div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Michele Santana</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[address]<br>
      </font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Re:&#160; Consulting Services</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Dear Ms. Santana,</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Reference is hereby made to that certain Confidential Separation and Release Agreement, dated as of August 28, 2018, by and between you
        and Sterling Jewelers, Inc. (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Company</u></font>&#8221; and such agreement, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Separation Agreement</u></font>&#8221;).&#160;
        Any capitalized terms used herein but not defined herein shall have the meanings set forth in the Separation Agreement.</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company and you agree and acknowledge that you shall continue to perform the duties of Chief Financial Officer through the date the Company files its next Form 10-K. On
                    the date immediately following such filing, if an individual has been hired at such time to serve as Chief Financial Officer of the Signet Group, you shall transition to the role of Senior Advisor, as set forth in the Separation
                    Agreement, through the Termination Date. From the Termination Date through June 30, 2019 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Consulting Period</u></font>&#8221;), you shall provide consulting services to
                    the Company on an as-needed basis, as reasonably requested by the Company. You shall be paid a fee of $125,000 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Consulting Fee</u></font>&#8221;) in the aggregate during
                    the Consulting Period, payable in two equal installments with the first installment paid on May 31, 2019 and the second installment (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Final Fee Payment</u></font>&#8221;)
                    payable, subject to your execution of the release agreement attached hereto as Exhibit A and the expiration of the revocation period without revocation within 30 days following the end of the Consulting Period (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Release Requirement</u></font>&#8221;), on the first payroll date following the date that is thirty (30) days following the end of the Consulting Period (pursuant to which a Form
                    1099 will be issued). For the avoidance of doubt, the payments described in this Section 1 shall be the sole and exclusive payments to which you shall be entitled in respect of the consulting services to be rendered pursuant to this
                    consulting arrangement, and you shall not be entitled to reimbursement of any other expenses incurred as a result of this consulting arrangement. You and the Company acknowledge that the level of services to be provided by you to the
                    Company during the Consulting Period will not be in excess of twenty percent (20%) of the average level of services performed by you for the Company during the immediately preceding thirty-six month (36) period, such that on the
                    Termination Date you will incur a &#8220;separation from service&#8221; with the Company (as defined under Section 409A of the Internal Revenue Code of 1986, as amended).</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to your satisfaction of the Release Requirement and the extension of the Restricted Period to twenty-four (24) months, the Company shall pay you a lump sum amount
                    equal to $150,000 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Additional Covenant Payment</u></font>&#8221;) on the first payroll date that is thirty (30) days following the end of the Consulting Period.</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The parties acknowledge and intend that an independent contractor relationship will be created during the Consulting Period and that you will not be, and will not be
                    considered to be, an agent or employee of the Company for any purpose during the Consulting Period. You shall have control over the time and manner in which you perform the consulting services. You will have no authority to obligate or
                    bind the Company by contract or otherwise following the Termination Date.&#160; You will not be eligible for any employee benefits provided by the Company to employees and will not be eligible to participate in any benefit plan or
                    arrangement sponsored by the Company for the benefit of its employees following the Termination Date, other than pursuant to COBRA as set forth in the Separation Agreement dated August 28, 2018.</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">You acknowledge and agree that you shall be exclusively liable and solely responsible for the payment of all income, sales and use taxes that may be payable by you as a
                    result of the Consulting Fee paid to you hereunder and the filing of required returns relating thereto. You further acknowledge and agree that, during and after your termination of service, you will indemnify, defend and hold the
                    Company harmless from all taxes, interest, penalties, fees, damages, liabilities, obligations, losses and expenses arising from a failure or alleged failure to make the required reports and payments for income taxes.</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">The provisions of Sections 12, 13, 14, 15, 17, 18, 19 and 21 of the Separation Agreement are hereby incorporated by reference into this letter agreement and shall be
                    applicable to this letter agreement for all purposes. This letter agreement, the Release attached hereto, the Separation Agreement and Exhibit A attached thereto, constitute the entire agreement and understanding of the parties with
                    respect to the subject matter herein and supersede all prior agreements, arrangements and understandings, whether written or oral, between the parties.</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman';">This letter agreement shall terminate if your employment with the Company is terminated for Cause or if you resign from the Company.</font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Kindly indicate your acceptance of the terms hereof by executing and returning a counterpart of this letter agreement.</font></div>
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          <td style="vertical-align: top;" colspan="3"><font style="font-size: 10pt; font-family: 'Times New Roman';">Very truly yours,</font></td>
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          <td style="vertical-align: top;" colspan="3">&#160;</td>
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          <td style="width: 47%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left; text-indent: -7.2pt; margin-left: 7.2pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Sterling Jewelers, Inc.</font></div>
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          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
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          <td style="width: 3%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Virginia C. Drosos</font></font></u></div>
          </td>
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          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Virginia C. Drosos</font></div>
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          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Executive Officer</font></div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">ACKNOWLEDGED AND AGREED,</font></div>
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          <td style="vertical-align: top;" colspan="2">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">as of the date first written above:</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
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            <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Michele Santana</font></font></u></div>
          </td>
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          <td style="width: 97%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name: Michele Santana</font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">RELEASE AGREEMENT</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This RELEASE (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Release</u></font>&#8221;) dated as of July ___, 2019 between
        Sterling Jewelers Inc., a Delaware corporation (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Company</u></font>&#8221;), and Michele Santana (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Consultant</u></font>&#8221;).</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">WHEREAS, the Company and the Consultant previously entered into that certain Separation Agreement dated as of August 28, 2018 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Separation Agreement</u></font>&#8221;) and side letter to the Separation Agreement dated as of March 13, 2019 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Side
            Letter</u></font>&#8221;), pursuant to which the Consultant&#8217;s employment with the Company terminated as of April 30, 2019 and the Consultant continued to provide consulting services to the Company through June 30, 2019; and</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">NOW, THEREFORE, in consideration of the promises and mutual agreements contained herein and in the Separation Agreement and Side Letter,
        the Company and the Consultant agree as follows:</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">Capitalized terms not defined herein shall have the meaning as defined under
        the Side Letter.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">In consideration of the Consultant&#8217;s release under Paragraph 3 hereof, the
        Company shall pay to the Consultant the Final Fee Payment and the Additional Covenant Payment, which is attached hereto and made a part hereof.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">The Consultant, on the Consultant&#8217;s own behalf and on behalf of the
        Consultant&#8217;s heirs, estate and beneficiaries, does hereby release the Company, and in such capacities, any of its subsidiaries or affiliates, and each past or present officer, director, agent, employee, shareholder, and insurer of any such
        entities, from any and all claims made, to be made, or which might have been made of whatever nature, whether known or unknown, from the beginning of time, including those that arose as a consequence of the Consultant&#8217;s provisions of services to
        the Company, or arising out of the severance of such service relationship, or arising out of any act committed or omitted during or after the existence of such service relationship, all up through and including the date on which this Release is
        executed, including, without limitation, any tort and/or contract claims, common law or statutory claims, claims under any local, state or federal wage and hour law, wage collection law or labor relations law, claims under any common law or other
        statute, claims of age, race, sex, sexual orientation, religious, disability, national origin, ancestry, citizenship, retaliation or any other claim of discrimination arising out of Consultant&#8217;s provision of services during the Consulting Period,
        including under Title VII of the Civil Rights Acts of 1964 and 1991, as amended (42 U.S.C. &#167;&#167; 2000e <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">et seq.</font>), Age Discrimination in Employment Act, as
        amended (29 U.S.C. &#167;&#167; 621,<font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;"> et seq.</font>); the Americans with Disabilities Act (42 U.S.C. &#167;&#167; 12101 <font style="font-size: 10pt; font-family: 'Times New Roman';
          font-style: italic;">et seq.</font>), the Rehabilitation Act of 1973 (29 U.S.C. 701 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">et seq</font>.), the Family and Medical Leave Act (29 U.S.C. &#167;&#167; 2601 <font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">et seq.</font>), the Employee Retirement Income Security Act of 1974, as amended (29 U.S.C. &#167;&#167; 1001 <font style="font-size: 10pt; font-family: 'Times New Roman';
          font-style: italic;">et seq.</font>), the Ohio Civil Rights Act (Ohio Rev. Code Ann. &#167;&#167; 4112.01-4112.99, the Ohio Whistleblower&#8217;s Protection Statue (Ohio Rev. Code Ann. &#167;&#167; 4113.51-4113.53), and any other law (including any state or local law or
        ordinance) prohibiting discrimination relating to Consultant&#8217;s provision of services during the Consulting Period, retaliation, termination of services, fees, compensation, or otherwise.&#160; In connection with this release provision, the Consultant
        does not waive the Consultant&#8217;s right to file a charge with the EEOC or participate in an investigation conducted by the EEOC;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> however, the Consultant expressly waives the
        Consultant&#8217;s right to monetary or other relief should any administrative agency, including but not limited to the EEOC, pursue any claim on the Consultant&#8217;s behalf, except that the Consultant is not prohibited from receiving any monetary award from
        the Securities and Exchange Commission pursuant to Section 21F of the Securities Exchange Act of 1934.&#160; The Consultant relinquishes any right to provide future services to the Company and the Company shall have the right to refuse to engage the
        Consultant, in each case without liability of the Consultant or the Company.&#160; The Consultant acknowledges and agrees that even though claims and facts in addition to those now known or believed by her to exist may subsequently be discovered, it is
        the Consultant&#8217;s intention to fully settle and release all claims she may have against the Company and the persons and entities described above, whether known, unknown or suspected.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">The Company and the Consultant acknowledge and agree that the release
        contained in Paragraph 3 does not, and shall not be construed to, release or limit the scope of any existing obligation of the Company and/or any of its subsidiaries or affiliates (i) to defend and indemnify the Consultant for the Consultant&#8217;s acts
        as an officer or director of Company during the Consultant&#8217;s prior employment with the Company in accordance with the Certificate of Incorporation and all agreements thereunder, (ii) to pay the Final Fee Payment and Additional Covenant Payment
        pursuant to the Side Letter and to pay any amounts due pursuant to Section 2 of the Separation Agreement, or (iii) with respect to the Consultant&#8217;s rights as a shareholder of the Company, Signet or any of their subsidiaries.</font></div>
    <div><br>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">The Consultant acknowledges that pursuant to the Release set forth in
        Paragraph 3 above, the Consultant is waiving and releasing any rights she may have under the Age Discrimination in Employment Act of 1967 (&#8220;ADEA&#8221;) and that the Consultant&#8217;s waiver and release of such rights is knowing and voluntary. The Consultant
        acknowledges that the consideration given for the ADEA waiver and release under this Release is in addition to anything of value to which the Consultant was already entitled.</font></div>
    <div><br>
    </div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">The Consultant <font style="font-size: 10pt;
          font-family: 'Times New Roman';">further acknowledges that she has been advised by this writing that:</font></font></div>
    <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
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    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">the Consultant <font style="font-size: 10pt;
          font-family: 'Times New Roman';">should consult with an attorney prior to executing this Release and has had an opportunity to do so;</font></font></div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
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    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">the Consultant <font style="font-size: 10pt;
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    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
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    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">the Consultant <font style="font-size: 10pt;
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          notice of such revocation to the Company in accordance with the &#8220;Notice&#8221; provision in Section 16 of the Separation Agreement;</font></font></div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></font></div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New
          Roman';">the ADEA waiver and release shall not be effective until the seven (7) day revocation period has expired; and</font></font></div>
    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
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    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
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    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New
          Roman';">the twenty-one (21) day period set forth above shall run from the date the </font>Consultant <font style="font-size: 10pt; font-family: 'Times New Roman';">receives this Release.&#160; The Parties agree that any modifications made to this
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    <div style="text-align: left; text-indent: 72pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">&#160; This Release shall become effective on the first (1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup>) day
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">[remainder of page intentionally blank]</font></div>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">IN WITNESS WHEREOF, the parties have executed this Release on the date first above written.</font></div>
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          <td style="width: 55%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">STERLING JEWELERS INC.</font></div>
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        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
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          <td style="vertical-align: top; width: 25%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="vertical-align: top; width: 17%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" colspan="3" rowspan="1">&#160;</td>
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        <tr>
          <td style="width: 55%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Name:</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">MICHELE SANTANA</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top;">&#160;</td>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
        </tr>
        <tr>
          <td style="width: 55%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" rowspan="1" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); width: 1.5%;"><br>
          </td>
          <td rowspan="1" style="vertical-align: top; width: 1.5%; padding-bottom: 2px;">&#160;</td>
        </tr>

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    <div style="text-align: center;"><font style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
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