Exhibit 10.171


 


AMENDMENT
AGREEMENT


 


This
Amendment Agreement (the “Amendment”) is made effective as of the 1st day of January 2020, by and between Inter Parfums,
Inc., a Delaware corporation (“Company”), with offices at 551 Fifth Avenue, New York, NY 10176, and Jean Madar Holding
SAS, a French corporation (“Consultant”), with its offices at c/o Fonciere du rond point 67, rue de la Boétie
75008 Paris, France. Company and Consultant are sometimes referred to herein collectively as the “Parties”.


 


W
I T N E S S E T H


 


WHEREAS,
the Parties are all of the parties to that certain Consulting Agreement made and effective as January 1, 2013, as amended effective
as of January 1, 2018 and as supplemented by the agreement effective as of January 1, 2019 (collectively the “Agreement”);


 


WHEREAS,
the Parties desire to amend the Agreement to increase compensation payable to Consultant.


 


NOW,
THEREFORE, in consideration of the premises and intending to be legally bound hereby, the parties mutually agree as follows:


 


1. Recitals.
The above recitals are true and correct and are incorporated by reference herein and made a part of this Agreement, with the
same force and effect as if fully set forth herein.


 


2.Certain
Definitions.Capitalized terms not defined in this Amendment shall have the meanings ascribed to them in the Agreement.


 


3. Conflict.
If there is any conflict between the provisions of this Amendment and the Agreement, then the provisions of this Amendment
shall control.


 


4.
 Remaining Portions Not Affected. The remaining portions of the Agreement
not specifically amended by this Amendment shall remain in full force and effect.


 


5.
 Amendment to Section 3(a) of Agreement. New subsection 3(a)(ii) is hereby and inserted
into the Agreement as set forth below:


 


“(a)(ii)
For Calendar Year 2020, Company agrees to pay to Consultant the sum of $ 945,000, payable in equal monthly installments.”


 


6. Entire
Agreement. This Amendment, together with the Agreement, constitutes the entire agreement and understanding of the Parties
and no amendment, modification or waiver of any provision herein shall be effective unless in writing, executed by the party charged
therewith.


 


7.Counterparts;
Facsimile and PDF.This Agreement may be executed in counterparts, all of which shall be deemed to be duplicate originals.
Delivery by facsimile transmission or e-mail of a PDF of an executed signature page to this Agreement shall be effective as delivery
of a manually executed counterpart hereof.


 


 


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The
Signature Page(s) to this Agreement Follow this Page.]


 





     


     


    

 


In
Witness Whereof, the parties hereto have
executed and delivered this Amendment on this __ day of February, 2020.


 


	INTER
    PARFUMS, inc.	 	Jean
    Madar Holding SAS
	 	 	 	 	 
	By:	 	 	By:	 
	 	(Authorized
    Signature)	 	 	(Authorized
    Signature)
	 	 	 	 	 
	Name:	Russell
    Greenberg	 	Name:	Jean
    Madar
	 	(Print
    or Type)	 	 	(Print
    or Type)
	Title:	Executive
    VP & Chief Financial Officer	 	Title:	President
	 	 	 	 	 
	Date:	February
    ___, 2020	 	Date:	February
    ___, 2020