Notice of Extension of Amended and Restated Exclusive Supply Agreement

Supply Agreement

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Charles & Colvard, Ltd. | Cree, Inc.

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Title: Notice of Extension of Amended and Restated Exclusive Supply Agreement
Date: 1/7/2005
Industry: Jewelry and Silverware Sector: Consumer Cyclical

Notice of Extension of Amended and Restated Exclusive Supply Agreement, Parties: charles & colvard ltd. , cree inc.

Exhibit 10.69

January 6, 2005

Mr. Charles M. Swoboda

President & CEO

Cree, Inc.

4600 Silicon Drive

Durham, NC 27703

Re: Notice of Extension of Amended and Restated Exclusive Supply Agreement

Dear Chuck:

On behalf of Charles & Colvard, Ltd. (“C&C,” formerly known as C3, Inc.) it is my pleasure to provide written notice to Cree, Inc. (“Cree,” formerly known as Cree Research, Inc.) of the exercise of the option

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