Exhibit
      4.26

    
      

    

     

    2004
      STOCK OPTION PLAN OF INTER PARFFUMS, INC.

     

    Addendum
      to the Plan

     

    FRANCE

     

    
      

    

     

    
      	
              1

            	
              GENERAL
                

            


    

     

    This
      Addendum to the Plan sets out the terms of the 2004 Stock Option of Inter
      Parfums, Inc. (the "Plan"), in relation to France.

     

    This
      Addendum should be read in conjunction with the Plan and is subject to the
      terms
      and conditions of the Plan except to the extent that the terms and conditions
      of
      the Plan differ from or conflict with the terms set out in this Addendum in
      which event the terms set out in this Addendum shall prevail.

     

    The
      terms
      of this Addendum are the terms set out in the rules of the Plan modified as
      follows:

     

    
      	
              2

            	
              APPLICATION

            


    

     

    This
      Addendum
      will apply to any Optionee who is or may become subject to French tax (i.e.
      income tax and/or social security tax) on options granted under the
      Plan.

     

    
      	
              3

            	
              ELIGIBILITY

            


    

     

    The
      Committee may not grant an option under this Addendum to an
      individual:

     

    
      	 	
              Ø

            	
              unless
                he is employed by the Company or by a company with sufficiently close
                capital links to the Company as defined in Article L225-180 of the
                French
                "Code de Commerce" in France; OR 

            


    

     

    
      	 	
              Ø

            	
              unless
                he is a director with a management function as defined in Article
                L225-185
                of the French "Code de Commerce" in France of the Company or of a
                company
                with sufficiently close capital links to the Company as defined in
                Article
                L225-180 of the French "Code de Commerce" ;
                OR

            


    

     

      
        

      

    

    
      
        	
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                  2008

              	
                2004
                  Stock Option plan of Inter Parfums, Inc.

              	
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              Ø

            	
              who
                owns more than 10% of the share capital of the Company and who may
                not
                therefore be granted an option to satisfy the requirements of
                sub-paragraph 2 of Article L225-182 of the French "Code de Commerce";
                OR

            


    

     

    
      	 	
              Ø

            	
              who
                is a member of the Committee.

            


    

     

    
      	
              4

            	
              EXERCISE
                PRICE

            


    

     

    The
      exercise price for an option shall be determined on the date on which the
      Committee resolves to grant the option. 

     

    The
      exercise price in the case of options to subscribe for unissued shares may
      not
      be:

     

    
      	 	
              Ø

            	
              lower
                than 95% of the average stock exchange price during the 20 dealing
                (trading) days preceding the grant

            


    

     

    In
      the
      case of options to purchase existing shares
      (also
      known as treasury shares), the exercise price may not be:

     

    
      	 	
              Ø

            	
              lower
                than 95% of the average stock exchange price during the 20 dealing
                (trading) days preceding the grant

            


    

     

    
      	 	
              Ø

            	
              in
                addition, lower than 95% of the average actual repurchase price of
                the
                shares by the Company of its own shares to be allocated to the Optionee,
                provided the shares are repurchased prior to the date of grant of
                the
                options.

            


    

     

    
      	
              5

            	
              GRANT
                OF OPTIONS

            


    

     

    An
      option
      may not be granted in the period of 20 dealing days immediately following a
      distribution of dividends or a capital increase.

     

    Furthermore,
      options cannot be granted under
      this Addendum

     

    
      	 	
              Ø

            	
              within
                the 10 dealing days before or after the publication of the annual
                consolidated accounts, where required, or of the Company’s annual
                accounts;

            


    

     

    
      	 	
              Ø

            	
              within
                a period beginning with the date at which the Company's board of
                directors
                become aware of any information which, were it to be public knowledge,
                could have a material impact on the Company's share price and ending
                10
                dealing days after the information becomes public
                knowledge.

            


    

     

    If
      the
      option is an option to buy existing (treasury) shares of common stock, the
      repurchase of the shares by the Company can take place either within a twelve
      month period preceding the date of grant of the option, or prior to the date
      on
      which the options become exercisable if exercisability conditions
      exist.

     

    
      

    

    
      
        	
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                  2008

              	
                2004
                  Stock Option plan of Inter Parfums, Inc.

              	
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              6

            	
              VESTING
                AND EXERCISE

            


    

     

    
      	 	
              6.1

            	
              Options
                granted under this Addendum shall vest and become exercisable on
                the day
                following the fourth anniversary of the date of grant, subject to
                paragraph 9 of this Addendum. 

            


    

     

    
      	7	
              SALES
                RESTRICTIONS 

            


    

     

    The
      shares acquired upon exercise of the options issued under this Addendum will
      be
      freely transferable
      in France, subject to the following conditions:

    


    
      	 	
              7.1

            	
              The
                above mentioned shares may not be sold or otherwise disposed of before
                the
                day following the fourth anniversary of the date of
                grant;

            


    

     

    
      	 	
              7.2

            	
              The
                sales restrictions provided by sub-paragraph 7.1 above shall not
                apply in
                the case of death or of 2nd or 3rd category disability of the Optionee
                as
                defined under Article L341-4 of the French Social Security
                Code;

            


    

     

    
      	
            	7.3	
              The
                sales restrictions provided by sub-paragraph 7.1 above shall not
                apply in
                the case of:

            


    

     

    
      	 	
              a)

            	
              dismissal
                of the Optionee by the Company or any subsidiary of the Company provided
                that the Optionee exercised his options at least 3 months prior to
                receipt
                of notice of dismissal;

            


    

     

    
      	 	
              b)

            	
              the
                Optionee’s retirement (as defined in the 3rd
                paragraph of Article L. 122-14-13 of the French Labor Code) provided
                that
                the Optionee exercised his options at least 3 months prior to the
                date of
                termination of his/her employment
                contract;

            


    

     

    
      	 	
              7.4

            	
              If
                the Committee so decides in its absolute discretion, after due regard
                to
                the Optionee's personal circumstances, the sales restrictions provided
                by
                sub-paragraph 7.1 may be lifted;

            


    

     

    
      	 	
              7.5

            	
              The
                sales restrictions provided by sub-paragraph 7.1 will only apply
                to the
                extent that they would not impose a restriction on resale of the
                shares
                for a period of more than three years from the date of exercise of
                the
                option, in accordance with Article L225-177 of the French "Code de
                Commerce".

            


    

     

    
      	
            	7.6	
              With
                regard to transfer restrictions in the United States of the shares
                acquired on exercise options granted under this Addendum, the provisions
                of Article 11 of the Plan apply.

            


    

     

    
      	8	
              NON-TRANSFERABILITY
                OF OPTIONS

            


    

     

    No
      option
      granted under this Addendum may be sold, transferred, pledged, assigned, or
      otherwise alienated or hypothecated, except in
      the case
      of death of the Optionee. All options granted under this Addendum shall be
      exercisable during the Optionee's lifetime, only by the Optionee.

    


    
      	9	
              DEATH
                OF AN OPTIONEE; EARLY TERMINATION OF
                OPTION

            


    

     

    9.1
      If
      the Optionee
      dies,
      his options must be exercised by his heirs (if at all) within six months after
      his death after which the option will expire. 

     

    
      
        

      

      
        
          	
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                    2008

                	
                  2004
                    Stock Option plan of Inter Parfums, Inc.

                	
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    9.2
      Notwithstanding Section 9(b) of the Plan that provides for termination of a
      nonqualified stock option simultaneously with the termination of association
      of
      an Optionee with the Company and its Subsidiaries, the Committee shall have
      the
      authority, in its sole discretion, to determine whether
      and under what conditions options granted under this Addendum will terminate
      upon the Optionee leaving the Company and to waive any such
      condition.


    


    
      	
              10

            	
              ALTERATION
                OF PLAN

            


    

     

    Any
      alteration or addition, which would affect the subsisting rights of an
Optionee,
      will, in all cases, require the consent of the Optionee.


    


    
      	
              11

            	
              PLAN
                LIMITS

            


    

     

    Options
      may not be granted under the Plan:

     

    
      	
            	Ø	
              over
                more than one third of the Company’s share capital in the case of options
                to subscribe for unissued shares;
                or

            


    

    
      	
            	Ø	
              over
                more than 10% of the total number of such shares in issue in the
                case of
                options to purchase existing
                shares.

            


    

    


    
      	12	
              ADJUSTMENTS

            


    

     

    The
      exercise price of an option may not be changed during the term of the
      option.

     

    However,
      the Company is required to ensure the protection of
      the
      Optionees’ rights under the conditions provided in Article L 228-99 of the
      French Code de Commerce in the event of the following specific
      operations:

     

    
      	 	
              ·

            	
              Capital
                amortization or capital reduction;

            


    

    
      	 	
              ·

            	
              Change
                in the allocation of earnings;

            


    

    
      	 	
              ·

            	
              Grant
                of free shares;

            


    

    
      	 	
              ·

            	
              Capitalization
                of reserves, issue premiums or
                earnings;

            


    

    
      	 	
              ·

            	
              Distribution
                of reserves;

            


    

    
      	 	
              ·

            	
              Any
                issuance of equity securities or any rights giving access to equity
                securities including a preferential subscription right to the benefit
                of
                the shareholders.

            


    

     

    No
      adjustment may be made to the option which is inconsistent with French law
      and,
      in particular, with Sections 174.8 to 174.16 of the Decree no. 67-236 of 23
      March 1967.

     

    
      	
              13

            	
              CHANGES

            


    

     

    The
      Committee may not change the Plan in a way which
      affects this Addendum, or options granted under this Addendum, if the change
      is
      inconsistent with French law and in particular with French legislation on stock
      options as defined in Articles L225-177 to L225-185 of French "Code de
      Commerce".

     

    
      
        

      

      
        
          	
                  February
                    2008

                	
                  2004
                    Stock Option plan of Inter Parfums, Inc.

                	
                  Page 4
                    of 4