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To:      Inter Parfums SA
         4-6 Rond Point Des Champs-Elysees
         75008 Paris
         France

         For the attention of: Philippe Benacin

and

         Inter Parfums, Inc.
         551 Fifth Avenue
         New York
         NY 10176-0198
         USA

         For the attention of: Jean Madar

                                                                 8 February 2000

Dear Sirs

LICENCE AGREEMENT BETWEEN (1) BURBERRY LIMITED (FORMERLY BURBERRYS LIMITED)
(2) INTER PARFUMS S.A. AND (3) INTER PARFUMS, INC (FORMERLY JEAN PHILIPPE
FRAGRANCES, INC.) DATED 15 JULY 1993 (AS AMENDED) (THE "AGREEMENT")

We set out below the amendments to the Agreement which we have agreed between us
with effect from the date of this letter.

1.  Clause 3.1 of the Agreement shall be deleted and replaced by the following:

                  "This Agreement shall come into force on the Effective Date
                  and shall have effect until 31st December, 2006 (when it shall
                  expire automatically without notice) unless terminated earlier
                  in accordance with this Agreement. Nothing said or done (or
                  omitted to be said or done) by or on behalf of Burberry on or
                  before that date shall prevent this Agreement expiring on that
                  date unless the parties expressly agree otherwise in writing,
                  signed by a Director of Burberry with the express authority of
                  the Burberry Board."

2.  Clauses 3.10 to 3.13 shall be deleted and replaced by the following clauses:



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                                        4

                  "3.10    If during the calendar year 2002 the Licensee shall
                           not have made Net Sales of at least[_______________]
                           in respect of all Licensed Products, then either the
                           Licensee or Burberry may (within 60 days of the
                           receipt by Burberry of the Annual Account for the
                           year ending on 31st December 2002) give notice to the
                           other parties terminating this Agreement on 31st
                           December 2003.

                  3.11     If during the calendar year 2003 the Licensee shall
                           not have made Net Sales of at least[________________]
                           in respect of all Licensed Products, then either the
                           Licensee or Burberry may (within 60 days of the
                           receipt by Burberry of the Annual Account for the
                           year ending on 31st December 2003) give notice to the
                           other parties terminating this Agreement on 31st
                           December 2004.

                  3.12     If during the calendar year 2004 the Licensee shall
                           not have made NetSales of at least
                           [______________________________] in respect of all
                           Licensed Products, then either the Licensee or
                           Burberry may (within 60 days of thereceipt by
                           Burberry of the Annual Account for the year ending on
                           31st December2004) give notice to the other parties
                           terminating this Agreement on 31st December 2005.

                  3.13     Subject to the following provisions of this Clause,
                           each of the figures set out in Clauses 3.3 to 3.9
                           inclusive shall be subject to adjustment for
                           inflation in line with the increase from 1 January
                           1993 in the Retail Price Index. The figure shall be
                           adjusted annually with effect from 1 January in each
                           year.

                  3.14     Subject to the following provisions of this Clause,
                           each of the figures set out in Clauses 3.10 to 3.12
                           inclusive shall be subject to adjustment for
                           inflation in line with the increase from 1 January
                           2000 in the Retail Price Index. The figure shall be
                           adjusted annually with effect from 1 January in each
                           year.

                  3.15     Any termination notice under Clauses 3.2 to 3.12
                           inclusive shall be subject to the remaining
                           provisions of this Agreement as regards termination
                           of this Agreement.

                  3.16     For the purposes of this Agreement,Licensed Products
                           shall be deemed sold when shipped."

3.       In Clause 8.8, "US dollars" shall be deleted and replaced by "Pounds
         Sterling or, as Burberry may direct at any time after 1 January 2002,
         in euros". We acknowledge that since 1 January 1997 payments made to us
         under the Agreement have been made in French Francs and not in US
         Dollars.

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4.       In Clause 8.9, both references to "US dollars" shall be deleted and
         replaced by "US dollars or Pounds Sterling (as appropriate) or (as
         Burberry may direct at any time after 1 January 2002) in euros".


5.       The following wording shall be inserted at the end of Clause 9.1:-

                  "1 January 2004 to 31 December 2004 :___________________

                   1 January 2005 to 31 December 2005 :___________________

                   1 January 2006 to 31 December 2006 :___________________



         In Clause 9.1, "1 December 2002" shall be deleted and replaced by "31
         December 2002" and "1 December 2003" shall be deleted and replaced by
         "31 December 2003".


6.       Clause 9.3 shall be deleted and replaced by the following:

                  "Each of the figures in Clause 9.1 (except for the figure for
                  the first Licensed Year) shall be subject to adjustment for
                  inflation in line with the increase from the Relevant Date in
                  the Retail Prices Index. The figures shall be adjusted
                  annually with effect from 1 January in each year to take
                  account of the latest then published Retail Prices Index. For
                  the purposes of this Clause, the "RELEVANT DATE" means 1
                  January 1993 for minimum Royalties payable in respect of any
                  period up to and including 31 December 2003 and 1 January 2000
                  for minimum Royalties payable in respect of any period
                  beginning on or after 1 January 2004."


In all other respects, the Agreement shall continue in full force and effect.

Terms used in this letter shall have the same meanings as in the Agreement,
unless stated otherwise.

This letter is governed by and shall be construed in accordance with English
law.


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Please acknowledge your acceptance of the terms of this letter by signing and
returning the attached copy of this letter.

Yours faithfully



Signed by         (name) .Victor J. Barnett

                  (signature) /s/ Victor J. Barnett
duly authorised
for and on behalf of
BURBERRY LIMITED

We confirm our agreement to the above



Signed by         (name) Benacin Philippe

                  (signature). /s/ Philippe Benacin
duly authorised
for and on behalf of
INTER PARFUMS S.A.




Signed by         (name) Jean Madar

                  (signature) /s/ Jean Madar
duly authorised
for and on behalf of
INTER PARFUMS, INC



