[Letterhead of ]
Republic National Bank of New York Xxxxxx X. Xxxx
000 Xxxxx Xxxxxx Xxxx Xxxxxxxxx
Xxx Xxxx, XX 00000
Telephone 000 000 0000
Fax 000 000 0000
December 15, 1996
Jean Philippe Fragrances, Inc.
Elite Parfums, Ltd.
000 Xxxxx Xxxxxx
Xxxxx 000
Xxx Xxxx, X.X. 10176
RE: Revolving Credit Agreement dated as of July 15, 1994 (the "Agreement").
Gentlemen,
We have amended the Agreement by extending the Maturity to May 31, 1997. Except
as modified herein all terms of the Agreement shall remain in full force and
effect. Please indicate your acceptance to this modification by your signatures
below.
Very truly yours,
/s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Vice President
ACCEPTED AND AGREED
Xxxx Xxxxxxxx Xxxxxxxxxx, Inc.
by: /s/ Xxxxxxx Xxxxxxxxx, Executive Vice President
Elite Parfums, Ltd.
by: /s/ Xxxxxxx Xxxxxxxxx, Executive Vice President
