Exhibit 10.3
 
SUPPORT AGREEMENT
 
SUPPORT AGREEMENT (this “Agreement”) dated as of June 16, 2016, by and among
Revlon, Inc., a Delaware corporation (“Ultimate Parent”), Revlon Consumer
Products Corporation, a Delaware corporation and wholly-owned subsidiary of
Ultimate Parent (“Operating Parent” and, collectively with Ultimate Parent,
“Parent”), and RR Transaction Corp., a Florida corporation and a wholly-owned
direct subsidiary of Operating Parent (“Acquisition Sub”), on the one hand, and
E. Scott Beattie (the “Shareholder”), on the other hand.
 
WHEREAS, the Shareholder is a shareholder of Elizabeth Arden, Inc., a Florida
corporation (the “Company”);
 
WHEREAS, as of the date hereof, the Shareholder is the beneficial owner (as
defined in Rule 13d-3 under the Exchange Act) of the shares of Common Stock of
the Company set forth on Schedule A hereto (the “Original Shares” and, together
with any additional shares of capital stock of the Company that become
beneficially owned by the Shareholder after the date of this Agreement, the
“Subject Shares”);
 
WHEREAS, contemporaneously with the execution and delivery of this Agreement,
Parent, Acquisition Sub and the Company have entered into an Agreement and Plan
of Merger (as amended, supplemented, restated or otherwise modified from time to
time, the “Merger Agreement”), providing for, among other things, upon the terms
and subject to the conditions set forth in the Merger Agreement, the merger of
Acquisition Sub with and into the Company, with the Company continuing as the
surviving corporation and a wholly-owned subsidiary of Parent in such merger
(the “Merger”);
 
WHEREAS, in order to induce Parent and Acquisition Sub to enter into the Merger
Agreement, the Shareholder has agreed to enter into this Agreement and abide by
the covenants and obligations with respect to the Subject Shares set forth
herein; and
 
WHEREAS, capitalized terms used but not otherwise defined herein shall have the
respective meanings ascribed to such terms in the Merger Agreement.
 
NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration given to each party hereto, the receipt of which is hereby
acknowledged, and intending to be legally bound, the parties hereto agree as
follows:
 
ARTICLE I

AGREEMENT TO VOTE
 
Section 1.1          Voting of Subject Shares; Irrevocable Proxy.
 

--------------------------------------------------------------------------------

 
(a)            The Shareholder agrees to vote (or cause the holder of record of
the Subject Shares on any applicable record date to vote), in person or by
proxy, all Subject Shares in connection with any meeting of the shareholders of
the Company (including any adjournment or postponement thereof) or any action by
written consent in lieu of a meeting of shareholders of the Company (i) in favor
of the approval of the Merger Agreement and the approval of any other matter
that is required to be approved by the shareholders of the Company in order to
effect the transactions contemplated by the Merger Agreement (including any
proposal to adjourn or postpone a meeting of the shareholders of the Company to
a later date if there are not sufficient votes to approve the Merger Agreement
on the date on which the meeting is held); and (ii) against (A) any Competing
Proposal or any agreement or arrangement constituting or related to an Competing
Proposal, (B) any action that would result in a liquidation, dissolution,
recapitalization, extraordinary dividend or other significant corporate
reorganization of the Company; or (C) any action, proposal, transaction or
agreement involving the Company or any of its subsidiaries that would reasonably
be expected to prevent, interfere with or delay the consummation of the Merger
and the other transactions contemplated by the Merger Agreement or that would
otherwise be inconsistent with the Merger and the other transactions
contemplated by the Merger Agreement, and in connection therewith, the
Shareholder agrees to execute any documents that are necessary or appropriate in
order to effectuate the foregoing.  The Shareholder shall (or shall cause the
holder of record of any Subject Shares on any applicable record date to) be
present (in person or by proxy) at any meeting of shareholders of the Company
(including any adjournment or postponement thereof) called to approve the Merger
Agreement or otherwise cause the Subject Shares to be counted as present thereat
for purposes of establishing a quorum.
 
(b)            In furtherance of the foregoing, the Shareholder hereby
irrevocably grants to, and appoints, until the termination of this Agreement in
accordance with Section 2.1, Parent, each of Parent’s officers and any person or
persons designated in writing by Parent, and each of them individually, as the
Shareholder’s proxy and attorney-in-fact (with full power of substitution and
resubstitution), for and in the name, place and stead of the Shareholder, to
vote or grant a written consent in respect of all of the Shareholder’s Subject
Shares, or execute and deliver a proxy to vote or grant a written consent in
respect of such Subject Shares, on the matters and in the manner specified in
Section 1.1(a), provided that the Shareholder’s grant of the proxy contemplated
by this Section 1.1(b) shall be effective if, and only if, the Company has not
received prior to the date of the meeting at which any of the matters described
in Section 1.1(a) are to be considered, a duly executed irrevocable proxy card
of the Shareholder directing that the Subject Shares of the Shareholder be voted
in the manner required by Section 1.1(a).  The Shareholder hereby affirms that
such irrevocable proxy is given in connection with, and in consideration of, the
execution of the Merger Agreement by Parent, Acquisition Sub and the Company,
and that such irrevocable proxy is given to secure the performance of the duties
of the Shareholder under this Agreement.  The Shareholder hereby further affirms
that such proxy is irrevocable and is coupled with an interest sufficient in law
to support an irrevocable power and may under no circumstances be revoked.  Such
proxy is executed and intended to be irrevocable in accordance with the
provisions of Section 607.0722(5) of the FBCA until the termination of this
Agreement in accordance with Section 2.1.  The Shareholder shall execute any
further agreement or form reasonably necessary or appropriate to confirm and
effectuate the grant of the proxy contemplated herein.  The Shareholder hereby
revokes (or causes to be revoked) any and all previous proxies, powers of
attorney, instructions or other requests with respect to the Shareholder’s
Subject Shares.  Parent may terminate this proxy with respect to the Shareholder
at any time at its sole election by written notice provided to the Shareholder.
 
-2-

--------------------------------------------------------------------------------

 
Section 1.2          No Transfers; No Inconsistent Arrangements.  Except as
provided hereunder, the Shareholder agrees not to, directly or indirectly,
(i) transfer (which term shall include any sale, assignment, gift, pledge,
hypothecation or other disposition), or consent to, agree to or permit any such
transfer of, any or all of the Subject Shares or any interest therein (except
for a transfer for estate or tax planning purposes, for charitable purposes or
as charitable gifts or donations where the transferee or third party agrees in
writing to be bound by the terms hereof), or create or permit to exist any
Liens, proxies, voting trusts or agreements, options, rights, understandings or
arrangements or any other encumbrances whatsoever on title, transfer, or
exercise of any rights of a shareholder in respect of the Subject Shares
(collectively, “Encumbrances”) that would prevent the Shareholder from voting
the Subject Shares in accordance with this Agreement or from complying with the
Shareholder’s other obligations under this Agreement, other than any
restrictions imposed by applicable law on any Subject Shares; (ii) enter into
any contract, option or other agreement, arrangement or understanding
inconsistent with the terms of this Agreement with respect to any transfer of
Subject Shares or any interest therein; (iii) grant or permit the grant of any
proxy, power of attorney or other authorization in or with respect to the
Subject Shares relating to the subject matter hereof; (iv) deposit or permit the
deposit of the Subject Shares into a voting trust or enter into a voting
agreement or arrangement with respect to the Subject Shares; or (v) take or
permit any other action that would reasonably be expected to in any way
restrict, limit or interfere with the performance of the Shareholder’s
obligations hereunder or the transactions contemplated hereby (any of the
actions set forth in clauses (i) through (v) above, and any conversion, exchange
or other disposition of the Subject Shares in a transaction related to an
Competing Proposal being referred to in this Agreement as a “Transfer”).  Any
action taken in violation of the foregoing sentence shall be null and void ab
initio.  To the extent the Shareholder’s Subject Shares are represented by
certificates, the Shareholder shall make available to the Company such
certificates in order for the Company to mark such certificates with legends
required by the FBCA regarding the foregoing Transfer restrictions.  If any
involuntary Transfer of any of the Subject Shares shall occur, the transferee
(which term, as used herein, shall include the initial transferee and any and
all subsequent transferees of the initial transferee) shall take and hold such
Subject Shares subject to all of the restrictions, liabilities and rights under
this Agreement, which shall continue in full force and effect until the valid
termination of this Agreement.
 
Section 1.3          Non-Solicitation.  Without limitation to Section 6.5 of the
Merger Agreement, the Shareholder agrees to immediately cease any discussions or
negotiations with any persons that may be ongoing with respect to a Competing
Proposal and, until the earlier of the Effective Time or the date, if any, on
which this Agreement is terminated pursuant to Section 2.1, not, directly or
indirectly: (i) solicit, initiate, or knowingly facilitate or encourage any
Competing Proposal; (ii) participate in any negotiations regarding, or furnish
to any person any information with respect to, any Competing Proposal; or
(iii) engage in discussions with any person with respect to any Competing
Proposal.
 
Section 1.4          Capacity.  The Shareholder is signing this Agreement solely
in the Shareholder’s capacity as a shareholder of the Company, and nothing
contained herein shall in any way limit or affect the Shareholder from complying
with his fiduciary duties in his capacity as a director or officer of the
Company or from otherwise taking any action or inaction in his capacity as a
director or officer of the Company, and no such action or inaction taken in
compliance with such fiduciary duties in such capacity as a director shall be
deemed to constitute a breach of this Agreement.  Nothing in this Section 1.4
shall be construed to limit the obligations and agreements of the Company under
the Merger Agreement.
 
-3-

--------------------------------------------------------------------------------

 
Section 1.5          Documentation and Information.  The Shareholder
(i) consents to and authorizes the publication and disclosure by Parent,
Acquisition Sub or the Company of the Shareholder’s identity and holding of
Subject Shares, and the nature of the Shareholder’s commitments, arrangements
and understandings under this Agreement (including, for the avoidance of doubt,
the disclosure of this Agreement), in any press release, the Proxy Statement and
any other disclosure document required in connection with the Merger Agreement,
the Merger and any transactions contemplated by the Merger Agreement, and
(ii) agrees to give to Parent as promptly as practicable any information related
to the foregoing that Parent may reasonably require for the preparation of any
such disclosure documents.  The Shareholder agrees to notify Parent as promptly
as practicable of any required corrections with respect to any written
information supplied by the Shareholder specifically for use in any such
disclosure document, if and to the extent the Shareholder becomes aware that any
such information shall have become false or misleading in any material respect.
 
Section 1.6          Changes to Subject Shares.  The Shareholder agrees that all
shares of the Common Stock, Series A Serial Preferred Stock or other capital
stock of the Company entitled to vote on the Merger Agreement and Merger, that
the Shareholder purchases, acquires the right to vote or otherwise acquires
beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of after
the execution of this Agreement, including shares issued upon the exercise of
the Restricted Share Units or Company Options, shall be subject to the terms of
this Agreement and shall constitute “Subject Shares” for all purposes of this
Agreement.  In the event of any share dividend or distribution, or any change to
the Subject Shares by reason of any share dividend or distribution, split-up,
recapitalization, combination, exchange of shares or any other similar
transaction, the term “Subject Shares” as used in this Agreement shall be deemed
to refer to and include the Subject Shares and all such share dividends and
distributions and any securities into which or for which any or all of the
Subject Shares may be changed or exchanged or which are received in the relevant
transaction.  The Shareholder hereby agrees, while this Agreement is in effect,
to notify Parent promptly in writing of the number and description of any
additional Subject Shares of which the Shareholder acquires beneficial ownership
or ownership of record.
 
Section 1.7          Shareholder Representations and Warranties.  The
Shareholder represents and warrants to Parent and Acquisition Sub as follows:
 
(a)            The Shareholder (i) is the sole owner of, and has, and at the
time of the Shareholder Meeting will have, good title to, the Shareholder’s
Subject Shares, free and clear of any and all Encumbrances except for
Encumbrances (A) arising hereunder, (B) any restrictions on transfer imposed by
applicable federal or state securities laws or (C) set forth on Schedule 1.7(a)
hereto; (ii) does not own, of record or beneficially, any shares of capital
stock of the Company (or rights to acquire any such shares) other than the
Subject Shares and shares underlying the Restricted Share Units or the Company
Options or Warrants; and (iii) has the sole right to vote and dispose of, and
holds sole power to issue instructions with respect to, the matters set forth in
this Agreement with no material limitations, qualifications or other
restrictions on such rights, subject to applicable federal or state securities
laws and the terms of this Agreement.  As of the date hereof, the Shareholder is
the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act)
of the Subject Shares set forth opposite the Shareholder’s name on Schedule
A hereto, and does not own any other shares of capital stock of the Company.
 
-4-

--------------------------------------------------------------------------------

 
(b)            This Agreement has been duly and validly executed and delivered
by the Shareholder and, assuming this Agreement constitutes a valid and binding
obligation of each of Parent and Acquisition Sub, constitutes a legal, valid and
binding agreement of the Shareholder enforceable against the Shareholder in
accordance with its terms, subject to bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and similar laws of general applicability
relating to or affecting creditors’ rights and to general equitable principles.
 
(c)            The execution, delivery and performance by the Shareholder of
this Agreement and the consummation of the transactions contemplated hereby do
not and will not (i) conflict with, or result in the breach or termination of or
constitute a default (with or without the giving of notice or the lapse of time
or both) under any note, bond, mortgage, indenture, contract, agreement, lease,
license, permit or other instrument or obligation of any kind to which the
Shareholder is a party or by which the Subject Shares are bound; or
(ii) violate, or require any consent, approval, or notice under any provision of
any judgment, order or decree or other Legal Requirement applicable to the
Shareholder or any of the Subject Shares.
 
(d)            The execution and delivery of this Agreement by the Shareholder
does not, and the performance by the Shareholder of his obligations under this
Agreement and the consummation by it of the transactions contemplated hereby
will not, require the Shareholder to obtain any consent, approval, authorization
or permit of, or to make any filing with or notification to, any Governmental
Authority, other than the filings of any reports (or amendments thereto) with
the SEC.
 
(e)            The Shareholder understands and acknowledges that each of the
parties to the Merger Agreement are entering into the Merger Agreement in
reliance upon the execution and delivery of this Agreement by the Shareholder
and the representations, warranties and covenants of the Shareholder contained
herein. The Shareholder understands and acknowledges that the Merger Agreement
governs the terms of the Merger and the other transactions contemplated thereby.
 
Section 1.8          Parent Representations and Warranties.  Parent represents
and warrants to the Shareholder, severally but not jointly, that this Agreement
has been duly and validly executed and delivered by Parent and, assuming this
Agreement constitutes a valid and binding obligation of the Shareholder,
constitutes a legal, valid and binding agreement of Parent enforceable against
Parent in accordance with its terms, subject to bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights and to general
equitable principles.
 
Section 1.9          Non-Survival of Representations and Warranties.  The
representations and warranties of the Shareholder contained herein shall not
survive the closing of the transactions contemplated hereby and by the Merger
Agreement.
 
-5-

--------------------------------------------------------------------------------

 
ARTICLE II

MISCELLANEOUS
 
Section 2.1          Termination.  This Agreement shall terminate in its
entirety upon the earliest to occur of (i) the termination of the Merger
Agreement in accordance with its terms; (ii) the Effective Time; (iii) the date
on which the Company Board effects a Change of Recommendation; and (iv) the date
of the entry, without the prior written consent of the Shareholder, into any
amendment or modification of the Merger Agreement or any waiver of any of the
Company’s rights under the Merger Agreement, in each case, which results in a
decrease in, or a change in the form of, the Merger Consideration.  The
provisions of this Article II (Miscellaneous) shall survive any termination of
this Agreement.  In the event of termination of this Agreement, subject to the
immediately preceding sentence, this Agreement shall become void and of no
effect with no liability on the part of any party hereto; provided, however,
that the termination of this Agreement shall not prevent any party hereto from
seeking any remedies (at law or in equity) against any other party hereto for
such party’s breach of any of the terms of this Agreement occurring prior to
such termination.
 
Section 2.2          Notices.  All notices and other communications hereunder
shall be in writing and shall be deemed duly given (a) on the date of delivery
if delivered personally, or by facsimile or e-mail transmission, upon
confirmation of receipt, (b) on the first Business Day following the date of
dispatch if delivered by a recognized next-day courier service, or (c) on the
earlier of confirmed receipt or the fifth Business Day following the date of
mailing if delivered by registered or certified mail, return receipt requested,
postage prepaid.  All notices hereunder shall be delivered as set forth below,
or pursuant to such other instructions as may be designated in writing by the
party to receive such notice:
 
(i)            if to the Shareholder, to the address set forth opposite the
Shareholder’s name on Schedule A hereto;
 
and
 
(ii)            if to Parent and Acquisition Sub, in accordance with Section 9.2
of the Merger Agreement, or to such other persons, addresses or facsimile
numbers as may be designated in writing to each other party hereto by the person
entitled to receive such communication as provided above.
 
Section 2.3          Amendments; Waivers; Extensions.
 
(a)            This Agreement may not be amended except by an instrument in
writing signed on behalf of each of the parties hereto.
 
(b)            At any time prior to the Effective Time, the parties hereto may,
to the extent permitted by applicable law, (i) extend the time for the
performance of any of the obligations or other acts of the other party,
(ii) waive any inaccuracies in the representations and warranties contained
herein or in any document delivered pursuant hereto, and (iii) waive compliance
with any of the agreements or conditions contained herein.  Any agreement on the
part of a party to any such extension or waiver shall be valid only if set forth
in a written instrument signed by a duly authorized officer on behalf of such
party.  The failure of a party to assert any of its rights under this Agreement
or otherwise shall not constitute a waiver of those rights.  No single or
partial exercise of any right, remedy, power or privilege hereunder shall
preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege.  Any waiver shall be effective only in the
specific instance and for the specific purpose for which given and shall not
constitute a waiver to any subsequent or other exercise of any right, remedy,
power or privilege hereunder.
 
-6-

--------------------------------------------------------------------------------

 
Section 2.4                          Expenses.  All costs and expenses incurred
in connection with this Agreement shall be paid by the party incurring such
costs and expenses, whether or not the transactions contemplated by this
Agreement or the Merger Agreement are consummated.
 
Section 2.5                          Binding Effect; Benefit; Assignment. 
Neither this Agreement nor any rights, interests or obligations hereunder shall
be assigned by any of the parties hereto (whether by operation of a Legal
Requirement or otherwise) without the prior written consent of the other parties
hereto, except that the Agreement may be assigned by Parent or Acquisition Sub
to an Affiliate of such party; provided that the party making such assignment
shall not be released from its obligations hereunder.  Subject to the preceding
sentence, this Agreement will be binding upon, inure to the benefit of and be
enforceable by the parties and their respective successors and permitted
assigns.
 
Section 2.6                          Governing Law.  This Agreement shall be
governed by, and construed in accordance with the laws of the State of Delaware,
without giving effect to any choice or conflict of laws provision or rule
(whether of the State of Delaware or any other jurisdiction); provided, however,
that the laws of the State of Florida shall govern any matters pertaining to the
internal corporate governance of the Company.
 
Section 2.7                          Counterparts.  This Agreement may be
executed in counterparts (including by electronic means), each of which shall be
considered one and the same agreement and this Agreement shall become effective
when a counterpart signed by each party shall be delivered to the other party,
it being understood that both parties need not sign the same counterpart. 
Delivery of an executed signature page of this Agreement by facsimile or other
customary means of electronic transmission (e.g., “pdf”) shall be effective as
delivery of a manually executed counterpart hereof.
 
Section 2.8                          Venue; Waiver of Jury Trial.
 
(a)            Each party hereby submits to the nonexclusive jurisdiction of the
Delaware Court of Chancery (or, if (but only if) the Delaware Court of Chancery
shall be unavailable, any other court of the State of Delaware or any federal
court sitting in the State of Delaware), for the purpose of any action or
proceeding arising out of or relating to this Agreement and each of the parties
hereto hereby irrevocably agrees that all claims in respect to such action or
proceeding may be heard and determined in any such court.
 
-7-

--------------------------------------------------------------------------------

 
(b)            Each of the parties hereto (a) irrevocably consents to the
service of the summons and complaint and any other process in any other action
or proceeding relating to the transactions contemplated by this Agreement, on
behalf of itself or its property, by personal delivery of copies of such process
to such party and nothing in this Section 2.8 shall affect the right of any
party to serve legal process in any other manner permitted by law, (b) consents
to submit itself to the personal jurisdiction of the Delaware Court of Chancery,
any other court of the State of Delaware and any federal court sitting in the
State of Delaware in the event any dispute arises out of this Agreement or the
transactions contemplated by this Agreement and (c) agrees that it will not
attempt to deny or defeat such personal jurisdiction by motion or other request
for leave from any such court.  Each party hereto agrees that a final judgment
in any action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law.
 
(c)            EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT
OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF ANY
PARTY HERETO IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT
THEREOF.  EACH PARTY (A) MAKES THIS WAIVER VOLUNTARILY AND (B) ACKNOWLEDGES THAT
SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS CONTAINED IN THIS SECTION 2.8.
 
Section 2.9          Entire Agreement; Third Party Beneficiaries.  This
Agreement (including the documents and the instruments referred to herein)
(a) constitutes the entire agreement and supersedes all prior agreements and
understandings, both written and oral, between the parties with respect to the
subject matter hereof and (b) is not intended to, and does not, confer upon any
person or entity other than the parties hereto any rights or remedies hereunder.
 
Section 2.10         Severability.  Any term or provision of this Agreement that
is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction,
be ineffective to the extent of such invalidity or unenforceability and shall
not render invalid or unenforceable the remaining terms and provisions of this
Agreement or affect the validity or enforceability of any of the terms or
provisions of this Agreement in any other jurisdiction.  If any provision of
this Agreement is so broad as to be unenforceable, the provision shall be
interpreted to be only so broad as is enforceable.
 
Section 2.11         Enforcement.  The parties agree that irreparable damage
would occur in the event that any of the provisions of this Agreement were not
performed in accordance with their specific terms on a timely basis or were
otherwise breached.  It is accordingly agreed that, in the event of any breach
or threatened breach by any other party of any covenant or obligation contained
in this Agreement, the non-breach party shall be entitled (in addition to any
other remedy that may be available to it, including monetary damages) to seek
and obtain (on behalf of themselves and the third-party beneficiaries of this
Agreement) (a) a decree or order of specific performance to enforce the
observance and performance of such covenant or obligation, and (b) an
injunction, restraining such breach or threatened breach.  No party or any other
person shall be required to obtain, furnish or post any bond or similar
instrument in connection with or as a condition to obtaining any remedy referred
to in this Section 2.11, and each party irrevocably waives any right it may have
to require the obtaining, furnishing or posting of any such bond or similar
instrument.
 
-8-

--------------------------------------------------------------------------------

 
Section 2.12         Descriptive Headings.  The descriptive headings used herein
are inserted for convenience of reference only and are not intended to be part
of or to affect the meaning or interpretation of this Agreement.
 
Section 2.13         Interpretation.  The parties have participated jointly in
the negotiation and drafting of this Agreement.  Consequently, in the event an
ambiguity or question of intent or interpretation arises, this Agreement shall
be construed as if drafted jointly by the parties hereto, and no presumption or
burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any provision of this Agreement.  When a reference is made in this
Agreement to an Article, Section, Annex or Exhibit, such reference shall be to
an Article or Section of, or an Annex or Exhibit to, this Agreement, unless
otherwise indicated.  Whenever the words “include,” “includes” or “including”
are used in this Agreement, they shall be deemed to be followed by the words
“without limitation.”  The words “hereof,” “herein” and “hereunder” and words of
similar import when used in this Agreement shall refer to this Agreement as a
whole and not to any particular provision of this Agreement.  The definitions
contained in this Agreement are applicable to the singular as well as the plural
forms of such terms and to the masculine as well as to the feminine and neuter
genders of such term.  Any statute defined or referred to herein or any
agreement or instrument that is referred to herein means such statute, agreement
or instrument as from time to time amended, modified or supplemented, including
(in the case of statutes) by succession of comparable successor statutes. 
References to a person are also to its permitted successors and assigns.
 
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
 
 
 
 
 
 
-9-

--------------------------------------------------------------------------------

 
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by their respective authorized signatories as of the day and year first
above written.
 

REVLON, INC.     By:  /s/ Fabian T. Garcia   Name: Fabian T. Garcia   Title:
President and Chief Executive Officer                     REVLON CONSUMER
PRODUCTS CORPORATION               By: /s/ Fabian T. Garcia     Name: Fabian T.
Garcia     Title: President and Chief Executive Officer                     RR
TRANSACTION CORP.               By: /s/ Michael T. Sheehan     Name: Michael T.
Sheehan     Title: Vice President and Secretary

 

 
[Support Agreement (S. Beattie)]

--------------------------------------------------------------------------------

 

 
ELIZABETH ARDEN, INC.
              By: /s/ Scott Beattie     Name: Scott Beattie     Title: Chairman
and CEO

 
 
 
[Support Agreement (S. Beattie)]

--------------------------------------------------------------------------------

 
SCHEDULE A
 
Name of Shareholder
Address
Number of Shares of
Common Stock Owned
E. Scott Beattie