EXHIBIT 10.20

                             MASTER LEASE AGREEMENT


MASTER LEASE AGREEMENT ("Master Lease") dated as of FEBRUARY 19, 1998 between
The CIT Group/Equipment Financing, Inc. (Lessor),

having a place of business at 900 ASHWOOD PARKWAY    ATLANTA    GA     30338,
                              --------------------------------------------------
                                 Address              City     State  Zip Code

and PRIVATE LABEL COSMETICS, INC.   ("Lessee"),
    -----------------------------

having a place of business at 20-10 MAPLE AVENUE     FAIRLAWN   NJ      07410.
                              --------------------------------------------------
                                 Address             City      State   Zip Code


This Master Lease Agreement provides a set of terms and conditions that the
parties hereto intend to be applicable to various transactions for the lease of
personal property. Each lease contract shall be evidenced by an equipment
schedule ("Schedule") executed by Lessor and Lessee that explicitly incorporates
the provisions of this Master Lease Agreement and that sets forth specific terms
of that particular lease contract. Where the provisions of a Schedule conflict
with the terms hereof, the provisions of the Schedule shall prevail. Each
Schedule shall constitute a complete and separate lease agreement, independent
of all other Schedules, and without any requirement of being accompanied by an
originally executed copy of this Master Lease Agreement. The term "Lease" when
used herein shall refer to an individual Schedule.

One originally executed copy of the Schedule shall be denominated "Originally
Executed Copy No. 1 of ___ originally executed copies" and such copy shall be
retained by Lessor. If more than one copy of the Schedule is executed by Lessor
and Lessee, all such other copies shall be numbered consecutively with numbers
greater than 1. Only transfer of possession by Lessor of the originally executed
copy denominated "Originally Executed Copy No. 1" shall be effective for
purposes of perfecting an interest in such Schedule by possession.


1.  EQUIPMENT LEASED AND TERM.

This Lease shall cover such personal property as is described in any Schedule
executed by or pursuant to the authority of Lessee, accepted by Lessor in
writing and identified as a part of this Lease (which personal property with all
replacement parts, additions, repairs, accessions and accessories incorporated
therein and/or affixed thereto is hereinafter called the "Equipment"). Lessor
hereby leases to Lessee and Lessee hereby hires and takes from Lessor, upon and
subject to the covenants and conditions hereinafter contained, the Equipment
described in any Schedule. NOTWITHSTANDING THE COMMENCEMENT DATE OF THE TERM OF
THIS LEASE WITH RESPECT TO ANY ITEM OF EQUIPMENT, LESSEE AGREES THAT ALL RISK OF
LOSS OF THE EQUIPMENT SHALL BE ON LESSEE FROM AND AFTER SHIPMENT OF THE
EQUIPMENT TO LESSEE BY THE SELLER THEREOF, F.O.B. seller's point of shipment,
the date of such shipment being hereinafter called "date of shipment." The term
of this Lease with respect to any item of Equipment shall be for the period as
set forth in the Schedule. Lessee hereby gives Lessor authority to insert the
actual commencement date and date of first monthly rental for any item of
Equipment in any Schedule as well as such items as serial numbers if such are
not already inserted when such Schedule is executed by Lessee. "Seller" as used
in this Lease means the supplier from which Lessor acquires any item of
Equipment.

2.  RENT.

The aggregate rent payable with respect to each item of Equipment shall be in
the amount shown with respect to such item on the Schedule. Lessee shall pay to
Lessor the aggregate rental for each item of Equipment for the full period and
term for which the Equipment is leased, such rental to be payable at such times
and in such amounts for each item of Equipment as shown in the applicable
Schedule.

All rent shall be paid at Lessor's place of business shown above, or such other
place as Lessor may designate by written notice to the Lessee. ALL RENTS SHALL
BE PAID WITHOUT NOTICE OR DEMAND AND WITHOUT ABATEMENT, DEDUCTION OR SET OFF OF
ANY AMOUNT WHATSOEVER. The operation and use of the Equipment shall be at the
risk of Lessee and not of Lessor and the obligation of Lessee to pay rent
hereunder shall be unconditional.


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3.  DESTRUCTION OF EQUIPMENT.

If any Equipment is lost, totally destroyed, damaged beyond repair or taken by
governmental action, the liability of the Lessee to pay rent therefor may be
discharged by paying to Lessor all the rent due thereon, plus all the rent to
become due thereon less the net amount of the recovery, if any, actually
received by Lessor from insurance or otherwise for such loss or damage.

In the event of partial destruction of any Equipment, the rent due and to become
due thereon shall not abate and Lessee shall, at its own expense, cause such
Equipment to be restored to usable condition, but Lessor shall, upon receiving
satisfactory evidence of such restoration, promptly pay Lessee the proceeds of
any insurance or compensation received by reason of such damage. If the
estimated cost of restoring such Equipment exceeds 50% of the unmatured rent
therefor, such Equipment shall, on notice by Lessee, be deemed, for all purposes
hereof, to be totally destroyed and the liability of the Lessee to pay rent
therefor shall be discharged if Lessee pays the rent described in the preceding
paragraph of this Section.

Lessor shall not be obligated to undertake by litigation or otherwise the
collection of any claim against any person for loss or damage to the Equipment.

Except as expressly provided above, the total or partial destruction of any
Equipment or the total or partial loss of use or possession thereof to Lessee
shall not release or relieve Lessee from the duty to pay the rent herein
provided.


4. NO WARRANTIES BY LESSOR; MAINTENANCE AND COMPLIANCE WITH LAWS.

Lessor, not being the manufacturer of the Equipment, nor manufacturer's agent,
MAKES NO WARRANTY OR REPRESENTATION, EITHER EXPRESS OR IMPLIED, AS TO THE
FITNESS, QUALITY, DESIGN, CONDITION, CAPACITY, SUITABILITY, MERCHANTABILITY OR
PERFORMANCE OF THE EQUIPMENT OR OF THE MATERIAL OR WORKMANSHIP THEREOF, IT BEING
AGREED THAT THE EQUIPMENT IS LEASED "AS IS" AND THAT ALL SUCH RISKS, AS BETWEEN
LESSOR AND LESSEE, ARE TO BE BORNE BY LESSEE AT ITS SOLE RISK AND EXPENSE,
Lessee accordingly agrees not to assert any claim whatsoever against Lessor
based thereon. Lessee further agrees, regardless of cause, not to assert any
claim whatsoever against Lessor for loss of anticipatory profits or
consequential damages. Lessor shall have no obligation to install, erect, test,
adjust or service the Equipment. Lessee shall look to the manufacturer and/or
Seller for any claims related to the Equipment. Lessor hereby acknowledges that
any manufacturer's and/or Seller's warranties are for the benefit of both Lessor
and Lessee.

No oral agreement, guaranty, promise, condition, representation or warranty
shall be binding; all prior conversations, agreements or representations related
hereto and/or to the Equipment are integrated herein.

Lessee agrees, at its own cost and expense:

(a)  to pay all shipping charges and other expenses incurred in connection with
     the shipment of the Equipment by the Seller to Lessee;

(b)  to pay all charges and expenses in connection with the operation of each
     item of Equipment;

(c)  to comply with all governmental laws, ordinances, regulations, requirements
     and rules with respect to the use, maintenance and operation of the
     Equipment; and

(d)  to make all repairs and replacements required to be made to maintain the
     Equipment in good condition, reasonable wear and tear excepted.


5.  INSURANCE.

Lessee shall maintain at all times on the Equipment, at its expense, all-risk
physical damage insurance and comprehensive general and/or automobile (as
appropriate) liability insurance (covering bodily injury and property damage
exposures including, but not limited to, contractual liability and products
liability) in such amounts, against such risks, in such form and with such
insurers as shall be satisfactory to Lessor; provided, that the amount of
all-risk physical damage insurance shall not on any date be less than the
greater of the full replacement value or a sum equal to all the rent due
thereon, plus all rent to become due. Each physical damage insurance policy will
name Lessor as loss payee. Each liability insurance policy will name Lessor as
additional insured. Each insurance policy will also require that the insurer
give Lessor at least thirty (30) days prior written notice of any alteration in
or cancellation of the terms of such policy and require that Lessor's interests
be continued insured regardless of any breach or violation by Lessee or others
of any warranties, declarations or conditions contained in such insurance
policy. In no event shall Lessor be responsible for premiums, warranties or
representations to any insurer or any agent thereof. Lessee shall furnish to
Lessor a certificate or other evidence satisfactory to Lessor 


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that such insurance coverage is in effect, but Lessor shall be under no duty to
ascertain the existence or adequacy of such insurance. The insurance maintained
by Lessee shall be primary without any right of contribution from insurance
which may be maintained by Lessor. Lessee shall be liable for all deductible
portions of all required insurance. Lessor may, at its own expense, for its own
benefit, purchase insurance in excess of that required under this Lease
Agreement. Physical damage insurance proceeds shall be applied as set forth in
Section 6.

6.    LOSS AND DAMAGE.

Lessee agrees to assume and bear the entire risk of any partial or complete loss
with respect to the Equipment from any and every cause whatsoever including
theft, loss, damage, destruction or governmental taking, whether or not such
loss is covered by insurance or caused by any default or neglect of Lessee.
Lessee agrees to give Lessor prompt notice of any damage to or loss of any
Equipment. All physical damage insurance proceeds shall be payable directly to
Lessor. Following payment of such loss, and if no Event of Default as defined in
Section 11 has occurred and remains continuing, Lessor will then:

(a)  transfer to Lessee Lessor's rights to such Equipment "as-is, where-is and
     with all defects," without recourse and without representation or warranty,
     express or implied, other than a warranty that the Equipment is free and
     clear of any liens created by Lessor; and

(b)  remit to Lessee any physical damage insurance proceeds arising out of such
     loss in excess of the sum due the Lessor.

Lessee shall determine in the exercise of its reasonable judgment whether the
Equipment is damaged beyond repair, subject to Lessor's approval. In the event
of damage or loss which does not result in damage beyond repair or a total loss
of the Equipment or any item thereof, Lessee shall cause the affected Equipment
to be restored to the condition required by the terms of this Lease. Upon
completion of such repair and after supplying Lessor with satisfactory evidence
thereof (and provided no Event of Default has occurred and remains continuing),
Lessee shall be entitled to receive any insurance proceeds or other recovery to
which Lessor would otherwise be entitled in connection with such loss up to the
amount expended by Lessee in making the repair.

Lessor shall not be obligated to undertake by litigation or otherwise the
collection of any claim against any person for loss of, damage to, or
governmental taking of the Equipment, but Lessor will cooperate with Lessee at
Lessee's expense to pursue such claims.

Except as expressly provided above, the total or partial destruction of any
Equipment or Lessee's total or partial loss of use or possession thereof shall
not release or relieve Lessee from its obligations under this Master Lease or
any Schedule including the duty to pay the rent(s) herein provided.

7.   TAXES.

Lessee agrees that, during the term of this Lease, in addition to the rent and
all other amounts provided herein to be paid, it will promptly pay all taxes,
assessments and other governmental charges (including penalties and interest, if
any, and fees for titling or registration, if required) levied or assessed:

(a)  upon the interest of Lessee in the Equipment or upon the use or operation
     thereof or on the earnings arising therefrom; and

(b)  against Lessor on account of its acquisition or ownership of the Equipment
     or any part thereof, or the use or operation thereof or the leasing hereof
     to Lessee, or the rent herein provided for, or the earnings arising
     therefrom, exclusive, however, of any taxes based on net income of Lessor.

Lessee agrees to file, in behalf of Lessor, all required tax returns and reports
concerning the Equipment with all appropriate governmental agencies, and within
not more than 45 days after the due date of such filing to send Lessor
confirmation, in form satisfactory to Lessor, of such filing.

8. LESSOR'S TITLE, RIGHT OF INSPECTION AND IDENTIFICATION OF EQUIPMENT.

TITLE TO THE EQUIPMENT SHALL AT ALL TIMES REMAIN IN LESSOR and Lessee will at
all times protect and defend, at its own cost and expense, the title of Lessor
from and against all claims, liens and legal processes of creditors of Lessee
and keep all the Equipment free and clear from all such claims, liens and
processes. The Equipment is and shall remain personal property. Upon the
expiration or termination of this Lease with respect to any item of Equipment:

(a)  Lessee at Lessee's sole expense shall return such Equipment unencumbered to
     Lessor at the place where the rent is payable or to such other place as
     Lessor and Lessee agree upon, and in the same condition as when received by
     Lessee, reasonable wear and tear resulting from use thereof alone excepted;
     or


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(b)  in lieu of returning such Equipment to Lessor, Lessee agrees that Lessee
     will, upon request of Lessor, store such Equipment on Lessee's premises, at
     an inside location protected from the weather and elements, without charge
     to Lessor for a period of 180 days following the date of expiration or
     termination of this Lease. During such storage period Lessee shall not use
     the Equipment for any purpose. Upon expiration of such storage period
     Lessee will return such Equipment to Lessor in accordance with the
     provisions of (a) above.

Lessor shall have the right from time to time during reasonable business hours
to enter upon Lessee's premises or elsewhere for the purpose of confirming the
existence, condition and proper maintenance of the Equipment and during any
period of storage Lessor shall also have the right to demonstrate and show the
Equipment to others. The foregoing rights of entry are subject to any applicable
governmental laws, regulations and rules concerning industrial security. Lessee
shall, upon the request of Lessor, and at its own expense firmly affix to the
Equipment, in a conspicuous place, such a decalcomania or metal plate as shall
be supplied by Lessor showing the Lessor as the owner and lessor of such
Equipment.

9. POSSESSION, USE AND CHANGES IN LOCATION OF EQUIPMENT.

So long as Lessee shall not be in default under the Lease it shall be entitled
to the possession and use of the Equipment in accordance with the terms of this
Lease. The Equipment shall be used in the conduct of the lawful business of
Lessee, and no item of Equipment shall be removed from its location shown on the
Schedule, without the prior written consent of Lessor. Lessee shall not, without
Lessor's prior written consent, part with possession or control of the Equipment
or attempt or purport to sell, pledge, mortgage or otherwise encumber any of the
Equipment or otherwise dispose of or encumber any interest under this Lease.

10. PERFORMANCE OF OBLIGATIONS OF LESSEE BY LESSOR.

In the event that the Lessee shall fail duly and promptly to perform any of its
obligations under the provisions of Sections 4, 5, 6, 7, and 8 of this Lease,
Lessor may, at its option, perform the same for the account of Lessee without
thereby waiving such default, and any amount paid or expense (including
reasonable attorneys' fees), penalty or other liability incurred by Lessor in
such performance, together with interest at the rate of 1 1/2% per month thereon
(but in no event greater than the highest rate permitted by relevant law) until
paid by Lessee to Lessor, shall be payable by Lessee upon demand as additional
rent for the Equipment. Lessee shall be responsible for and pay to Lessor a
returned check fee, not to exceed the maximum permitted by law, which fee will
be equal to the sum of (i) the actual bank charges incurred by Lessor plus (ii)
all other actual costs and expenses incurred by Lessor. The returned check fee
is payable upon demand as additional rent under this Lease.

11.   DEFAULT.

An Event of Default shall occur if:

(a)  Lessee fails to pay when due any installment of rent and such failure
     continues for a period of 10 days;

(b)  Lessee shall fail to perform or observe any covenant, condition or
     agreement to be performed or observed by it hereunder and such failure
     continues uncured for 15 days after written notice thereof to Lessee by
     Lessor;

(c)  Lessee ceases doing business as a going concern, makes an assignment for
     the benefit of creditors, admits in writing its inability to pay its debts
     as they become due, files a voluntary petition in bankruptcy, is
     adjudicated a bankrupt or an insolvent, files a petition seeking for itself
     any reorganization, arrangement, composition, readjustment, liquidation,
     dissolution or similar arrangement under any present or future statute, law
     or regulation or files an answer admitting the material allegations of a
     petition filed against it in any such proceeding, consents to or acquiesces
     in the appointment of a trustee, receiver, or liquidator of it or of all or
     any substantial part of its assets or properties, or if it or its
     shareholders shall take any action looking to its dissolution or
     liquidation;

(d)  within 60 days after the commencement of any proceedings against Lessee
     seeking reorganization, arrangement, readjustment, liquidation, dissolution
     or similar relief under any present or future statute, law or regulation,
     such proceedings shall not have been dismissed, or if within 60 days after
     the appointment without Lessee's consent or acquiescence of any trustee,
     receiver or liquidator of it or of all or any substantial part of its
     assets and properties, such appointment shall not be vacated; or

(e)  Lessee attempts to remove, sell, transfer, encumber, part with possession
     or sublet the Equipment or any item thereof.

Upon the occurrence of an Event of Default, Lessor shall have all the rights and
remedies provided by applicable law and by this Lease. Notwithstanding that this
Agreement is a lease and title to the Equipment is at all times in Lessor,
Lessor may nevertheless at its option choose those rights and remedies of a
secured party under the Uniform Commercial Code. In addition, Lessor, at its
option, may:


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(a)  declare all sums due and to become due hereunder immediately due and
     payable, but in no event shall the Lessee, upon demand by Lessor for
     payment of the unpaid rent, upon acceleration of the maturity thereof or
     otherwise, be obligated to pay any amount in excess of that permitted by
     law;

(b)  proceed by appropriate court action or actions or other proceedings either
     at law or equity to enforce performance by the Lessee of any and all
     covenants of this Lease and to recover damages for the breach thereof;

(c)  demand that Lessee deliver the Equipment forthwith to Lessor at Lessee's
     expense at such place as Lessor may designate; and

(d)  Lessor and/or its agents may without notice or liability or legal process,
     enter into any premises of or under control or jurisdiction of Lessee or
     any agent of Lessee where the Equipment may be or by Lessor is believed to
     be, and repossess all or any item thereof, disconnecting and separating all
     thereof from any other property and using all force necessary or permitted
     by applicable law so to do, Lessee hereby expressly waiving all further
     rights to possession of the Equipment and all claims for injuries suffered
     through or loss caused by such repossession; Lessor may sell or lease the
     Equipment at a time and location of its choosing provided that the Lessor
     acts in good faith and in a commercially reasonable manner, but the Lessor
     shall nevertheless, be entitled to recover immediately as liquidated
     damages for loss of the bargain and not as a penalty any unpaid rent that
     accrued on or before the occurrence of the event of default plus an amount
     equal to the difference between the aggregate rent reserved hereunder for
     the unexpired term of this Lease and the then aggregate rental value of all
     Equipment for such unexpired term, provided, however, that if any statute
     governing the proceeding in which such damages are to be proved specifies
     the amount of such claim, Lessor shall be entitled to prove as and for
     damages for the breach an amount equal to that allowed under such statute.
     The provisions of this paragraph shall be without prejudice to any rights
     given to the Lessor by such statute to prove for any amounts allowed
     thereby. Should any proceedings be instituted by or against Lessor for
     monies due to Lessor hereunder and/or for possession of any or all of the
     Equipment or for any other relief, Lessee shall pay a reasonable sum as
     attorneys' fees.

No remedy of Lessor hereunder shall be exclusive of any remedy herein or by law
provided, but each shall be cumulative and in addition to every other remedy.

12.   INDEMNITY.

Lessee agrees that Lessor shall not be liable to Lessee for, and Lessee shall
indemnify and save Lessor harmless from and against any and all liability, loss,
damage, expense, causes of action, suits, claims or judgments arising from or
caused directly or indirectly by:

(a)  Lessee's failure to promptly perform any of its obligations under the
     provisions of Sections 4, 5, 6, 7 and 8 of this Lease; or

(b)  injury to persons or damage to property resulting from or based upon actual
     or alleged use, operation, delivery or transportation of any or all of the
     Equipment or its location or condition; or

(c)  inadequacy of the Equipment, or any part thereof, for any purpose or any
     deficiency or defect therein or the use or maintenance thereof or any
     repairs, servicing or adjustments thereto or any delay in providing or
     failure to provide any thereof or any interruption or loss of service or
     use thereof or any loss of business; and shall, at its own cost and
     expense, defend any and all suits which may be brought against Lessor,
     either alone or in conjunction with others upon any such liability or claim
     or claims and shall satisfy, pay and discharge any and all judgments and
     fines that may be recovered against Lessor in any such action or actions,
     provided, however, that Lessor shall give Lessee written notice of any such
     claim or demand. Lessee agrees that its obligations under this Section 12
     shall survive the expiration or termination of this Lease.

13.   ASSIGNMENT, NOTICES AND WAIVERS.

This Lease and all rights of Lessor hereunder shall be assignable by Lessor
without Lessee's consent, but Lessee shall not be obligated to any assignee of
Lessor except after written notice of such assignment from Lessor. Following
such assignment,

solely for the purpose of determining assignee's rights hereunder, the term
"Lessor" shall be deemed to include or refer to Lessor's assignee. WITHOUT THE
PRIOR WRITTEN CONSENT OF LESSOR, LESSEE SHALL NOT ASSIGN THIS LEASE OR ITS
INTERESTS HEREUNDER OR ENTER INTO ANY SUB-LEASE WITH RESPECT TO THE EQUIPMENT
COVERED HEREBY, IT BEING AGREED LESSOR WILL NOT UNREASONABLY WITHHOLD ITS
CONSENT TO A SUB-LEASE OF THE EQUIPMENT. All notices to Lessor shall be
delivered in person to an officer of the Lessor, or shall be sent certified mail
return receipt requested to Lessor at its address shown herein or at any later
address last known to the sender. All notices to Lessee shall be in writing and
shall be delivered by mail at its address shown herein or at any later address
last known to the sender. A waiver of a default shall not be a waiver of any
other or a subsequent default.



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14.   FURTHER ASSURANCES.

Lessee shall execute and deliver to Lessor, upon Lessor's request such
instruments and assurances as Lessor deems necessary or advisable for the
confirmation or perfection of this Lease and Lessor's rights hereunder. Lessee
may not terminate any Schedule without the written consent of Lessor. If Lessor
in good faith believes itself insecure or performance impaired, it may declare a
default hereunder or, instead of declaring a default, Lessor may demand, and
Lessee hereby agrees to give, additional Equipment or other collateral as
security for the obligations hereunder.

15.   LEASE IRREVOCABILITY.

This Lease is irrevocable for the full terms thereof as set forth in any
Schedule and for the aggregate rentals therein reserved and the rent shall not
abate by reason of termination of Lessee's right of possession and/or the taking
of possession by the Lessor or for any other reason. Any payment not made when
due shall, at the option of Lessor, bear late charges thereon calculated at the
rate of 1 1/2% per month, but in no event greater than the highest rate
permitted by relevant law.

16.   PURCHASE OPTION.

If any Schedule has a purchase option price set forth therein with respect to
the items of Equipment listed on such Schedule, then at the expiration of the
original lease term in such Schedule with respect to such items of Equipment, if
Lessee has paid in full all rentals owing under such Schedule, and be not then
in default under this Lease (including all obligations under any Schedule),
Lessee shall have the option to purchase ALL, BUT NOT LESS THAN ALL, THE ITEMS
OF EQUIPMENT IN THE APPLICABLE SCHEDULE upon giving written notice not less than
30 DAYS prior to expiration of the original term thereof. The purchase price
shall be as set forth in the applicable Schedule and shall be payable upon
expiration of the original Lease term. If any Schedule does not contain a
purchase option price, then Lessee shall not have an option to purchase any
Equipment on such Schedule.

Any purchase option price stated as "fair market value" ("FMV") for any item of
Equipment on a Schedule shall be determined on the basis of, and shall be equal
in amount to, the value which would obtain in an arm's length transaction
between an informed and willing buyer-user (other than a Lessee currently in
possession and a used Equipment dealer) and an informed and willing seller under
no compulsion to sell and, in such determination, costs of removal of the items
of Equipment from their location of current use shall not be a deduction from
such value.

17.   RENEWAL.

Any renewal privilege shown on any Schedule with respect to any item of
Equipment shall be exercised by Lessee giving Lessor a notice in writing and
paying Lessor the amount of the renewal rental plus applicable taxes, at least
45 DAYS prior to the commencement of the renewal term of the Lease with respect
to such item of Equipment. Upon such notification and payment, this Lease shall
be renewed for the stated renewal period at the stated renewal rental with the
other provisions and conditions of the lease continuing unchanged.

18.  MISCELLANEOUS

If any provision of this Lease is contrary to, prohibited by or deemed invalid
under applicable laws or regulations of any jurisdiction, such provision shall
be inapplicable and deemed omitted but shall not invalidate the remaining
provisions hereof.

IN THE EVENT THIS LEASE OR ANY PART HEREOF IS DEEMED TO BE A LEASE INTENDED AS
SECURITY, LESSEE GRANTS LESSOR A SECURITY INTEREST IN EACH ITEM OF EQUIPMENT AS
SECURITY FOR ALL OF LESSEE'S INDEBTEDNESS AND OBLIGATIONS OWING UNDER THIS LEASE
AND UNDER EACH SCHEDULE AS WELL AS ALL OTHER PRESENT AND FUTURE INDEBTEDNESS AND
OBLIGATIONS OF LESSEE TO LESSOR OF EVERY KIND AND NATURE WHATSOEVER.

This lease contains the entire agreement between the parties with respect to the
Equipment and may not be altered, modified, terminated or discharged except by a
writing signed by the party against whom such alteration, modification,
termination or discharge is sought. LESSEE'S INITIALS ___________________





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19.  SPECIAL PROVISIONS.






If Lessee is a corporation, this Lease is executed by authority of its Board of
Directors. If Lessee is a partnership or joint venture, this Lease is executed
by authority of all its partners or co-venturers.

Dated: FEBRUARY 19, 1998

LESSEE:


PRIVATE LABEL COSMETICS, INC.
------------------------------------------------------------
Name of individual, corporation or partnership


By  /s/ Van Christakos                              Title Treasurer V.P.
    ------------------                                    -------------
    If corporation, have signed by President, Vice President or Treasurer, and
    give official title. If owner or partner, state which.


By  ---------------------------------------------    Title -----


LESSOR:

THE CIT GROUP/EQUIPMENT FINANCING, INC.


By   /S/ Sean Jarnagin                              Title  Senior Credit Analyst
     ---------------------------------------------         ---------------------


-------------------------------------------------------------------------------
If Lessee is a partnership, enter:

PARTNERS' NAMES                                        HOME ADDRESSES
---------------                                        --------------







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                                    GUARANTY


To:  The CIT Group/Equipment Financing, Inc.

900 Ashwood Parkway
-----------------------------------------------------------------
Address

Atlanta                                           GA       30338
-----------------------------------------------------------------
City                                             State    Zip Code

Each of us severally requests you to extend credit to or to purchase security
agreements, leases, notes, accounts and/or other obligations (herein generally
termed "paper") of or from or otherwise to do business with

Private Label Cosmetics, Inc.           Fairlawn                         NJ
--------------------------------------------------------------------------------
Company                                 City                             State

hereinafter called the "Company," and to induce you so to do and in
consideration thereof and of benefits to accrue to each of us therefrom, each of
us, as a primary obligor, jointly and severally and unconditionally guarantees
to you that the Company will fully and promptly pay and perform all its present
and future obligations to you, whether direct or indirect, joint or several,
absolute or contingent, secured or unsecured, matured or unmatured and whether
originally contracted with you or otherwise acquired by you, irrespective of any
invalidity or unenforceability of any such obligation or the insufficiency,
invalidity or unenforceability of any security therefor; and agrees, without
your first having to proceed against the Company or to liquidate paper or any
security therefor, to pay on demand all sums due and to become due to you from
the Company and all losses, costs, attorneys' fees or expenses which may be
suffered by you by reason of the Company's default or default of any of the
undersigned hereunder; and agrees to be bound by and on demand to pay any
deficiency established by a sale of paper and/or security held, with or without
notice to us. This guaranty is an unconditional guarantee of payment and
performance. No guarantor shall be released or discharged, either in whole or in
part, by your failure or delay to perfect or continue the perfection of any
security interest in any property which secures the obligations of the Company
or any of us to you, or to protect the property covered by such security
interest.


No termination hereof shall be effected by the death of any or all of us. No
termination shall be effective except by notice sent to you by certified mail
return receipt requested naming a termination date effective not less than 90
days after the receipt of such notice by you; or effective as to any of us who
has not given such notice; or affect any transaction effected prior to the
effective date of termination.

Each of us waives: notice of acceptance hereof; presentment, demand, protest and
notice of nonpayment or protest as to any note or obligation signed, accepted,
endorsed or assigned to you by the Company; any and all rights of subrogation,
reimbursement, indemnity, exoneration, contribution or any other claim which any
of us may now or hereafter have against the Company or any other person directly
or contingently liable for the obligations guaranteed hereunder, or against or
with respect to the Company's property (including, without limitation, property
collateralizing its obligations to you), arising from the existence or
performance of this guaranty; all exemptions and homestead laws and any other
demands and notices required by law; all setoffs and counterclaims; any and all
defenses based on suretyship or any other applicable law, including without
limitation all rights and defenses arising out of (i) an election of remedies by
you even though that election of remedies may have destroyed rights of
subrogation and reimbursement against the Company by operation of law or
otherwise, (ii) protections afforded to the Company pursuant to antideficiency
or similar laws limiting or discharging the Company's obligations to you, (iii)
the invalidity or unenforceability of this guaranty, (iv) the failure to notify
any of us of the disposition of any property securing the obligations of the
Company, (v) the commercial reasonableness of such disposition or the
impairment, however caused, of the value of such property, and (vi) any duty on
your part (should such duty exist) to disclose to any of us any matter, fact or
thing related to the business operations or condition (financial or otherwise)
of the Company or its affiliates or property, whether now or hereafter known by
you.


You may at any time and from time to time, without our consent, without notice
to us and without affecting or impairing the obligation of any of us hereunder,
do any of the following:

(a)   renew, extend (including extensions beyond the original term of the
      respective item of paper), modify (including changes in interest rates),
      release or discharge any obligations of the Company, of its customers, of
      co-guarantors (whether hereunder or under a separate instrument) or of any
      other party at any time directly or contingently liable for the payment of
      any of said obligations;

(b)   accept partial payments of said obligations;

(c)   accept new or additional documents, instruments or agreements relating to
      or in substitution of said obligations;

(d)   settle, release (by operation of law or otherwise), compound, compromise,
      collect or liquidate any of said obligations and the security therefor in
      any manner;




                                                                     Page 1 of 3


<PAGE>


(e)   consent to the transfer or return of the security, take and hold
      additional security or guaranties for said obligations;

(f)   amend, exchange, release or waive any security or guaranty; or

(g)   bid and purchase at any sale of paper or security and apply any proceeds
      or security, and direct the order and manner of sale.

If a claim is made upon you at any time for repayment or recovery of any
amount(s) or other value received by you, from any source, in payment of or on
account of any of the obligations of the Company guaranteed hereunder and you
repay or otherwise become liable for all or any part of such claim by reason of:

(a)   any judgment, decree or order of any court or administrative body having
      competent jurisdiction; or

(b)   any settlement or compromise of any such claim,

we shall remain jointly and severally liable to you hereunder for the amount so
repaid or for which you are otherwise liable to the same extent as if such
amount(s) had never been received by you, notwithstanding any termination hereof
or the cancellation of any note or other agreement evidencing any of the
obligations of the Company. This guaranty shall bind our respective heirs,
administrators, representatives, successors, and assigns, and shall inure to
your successors and assigns, including, but not limited to, any party to whom
you may assign any item or items of paper, we hereby waiving notice of any such
assignment. All of your rights are cumulative and not alternative.

BY EXECUTION OF THIS GUARANTY EACH GUARANTOR HEREUNDER AGREES TO WAIVE ALL
RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM ON ANY MATTER
WHATSOEVER ARISING OUT OF, IN CONNECTION WITH, OR RELATED TO THIS GUARANTY.


Executed  ____________________________.


INDIVIDUAL      NOTE:  Individual guarantors must sign without titles.  
GUARANTORS             Sign "John Smith," not "John Smith, President."
                       Use street addresses, not P.O. Boxes.


____________________________________          Individually

____________________________________          Home Address

____________________________________          Individually

____________________________________          Home Address

____________________________________          Individually

____________________________________          Home Address

____________________________________          Individually

____________________________________          Home Address


WITNESS  ____________________________________

Home Address ____________________________________




                                                                     Page 2 of 3
<PAGE>


CORPORATE   NOTE: Enter exact name of corporation on first blank line, followed
GUARANTORS        by city, state and zip code.




Azurel Ltd.
--------------------------------------------------------------------------
Name of Corporation


--------------------------------------------------------------------------
City                                 State                  Zip code


By  /S/ Frank DeSimone                           Title Executive V.P. - CFO
    -------------------------------------------  --------------------------
    Have signed by President, Vice President or Treasurer.


By  -------------------------------------------  Title---------------------




CORPORATE SEAL




/V/ VAN CHRISTAKOS
--------------------------------------------------------------------------
Attest                                                  Secretary



--------------------------------------------------------------------------
Name of Corporation



--------------------------------------------------------------------------
City                                State                   Zip Code


By  -------------------------------------------  Title---------------------
    Have signed by President, Vice President or Treasurer.


By  -------------------------------------------  Title---------------------





CORPORATE SEAL





--------------------------------------------------------------------------
Attest                                                    Secretary




<PAGE>