Document:

CITIGROUP
FUNDING INC.

      Index
Warrants, Series W-A

      

      

      AMENDMENT
NO. 1 to SELLING AGENCY AGREEMENT

      

      AMENDMENT
No. 1 dated as of March 10, 2009 (this “Amendment”), to the Selling Agency
Agreement dated as of November 22, 2006 (the “Agreement”), among Citigroup
Funding Inc. (the “Company”), Citigroup Inc. (the “Guarantor”), and Citigroup
Global Markets Inc. (the “Agent”). Capitalized terms used and not otherwise
defined herein shall have the meanings assigned to them in the
Agreement.

       

      WHEREAS,
the Company and the Guarantor have filed with the Commission an automatic shelf
registration statement on Form S-3 (No. 333-157386), including a base prospectus
dated February 18, 2009, for registration under the Securities Act of the
offering and sale of the Company’s debt securities, index warrants, debt
security and index warrant units, and debt security and exchange agreement
units, fully and unconditionally guaranteed by the Guarantor.

       

      WHEREAS,
the Company and the Guarantor have filed with the Commission a final prospectus
supplement dated February 25, 2009 relating to the offering and sale of Index
Warrants, Series W-A, in registered form, and the plan of distribution
thereof.

       

      WHEREAS,
the automatic shelf registration statement on Form S-3 (No. 333-132370) referred
to in the Agreement will be deemed terminated on the date that is three years
after its initial effective date.

       

      WHEREAS,
the Company, the Guarantor and the Agent intend to continue to issue, sell and
purchase, as applicable, the Index Warrants, Series W-A, in registered form,
pursuant to the Agreement.

       

      NOW,
THEREFORE, the Company, the Guarantor and the Agent hereby agree as
follows:

       

      SECTION
1. Amendment to
Section 1(a). The Paragraph (a) of Section 1 of the Agreement is hereby
amended to delete the phrase “dated March 10, 2006”.

       

      SECTION
2. Addition of new
Section. The following Section 17 is added after Section 16:

       

      17. Notice of New Registration
Statement. (a)
Upon delivery by the Company and the Guarantor to the Agent of a properly
executed notice in the form attached as Exhibit K hereto (a “Notice of New
Registration Statement”), (i) the file number contained in the first sentence of
Section 1(a) of this Agreement shall thereafter be deemed to refer to the file
number of the registration statement specified in such Notice of New
Registration Statement (the “New Registration Statement”), (ii) all references
in this Agreement to the “Registration Statement” shall thereafter be deemed to
refer to the New Registration Statement.

      

      
        
           

        

        
          1

          
            

          

        

        
           

        

         

      

      (b)
Together with the notice required by Section 17(a), the Company and the
Guarantor shall deliver or cause to be delivered to the Agent the documents
required under Section 4(A)(m), 4(A)(n) and 4(A)(o) of the Agreement, provided
that such Section 4(A)(m), 4(A)(n) and 4(A)(o) shall remain unchanged and shall
apply to the New Registration Statement.

      

      SECTION
3.  Applicable
Law.  This Amendment shall be governed by and construed in
accordance with the laws of the State of New York.

       

      SECTION 4.  Counterparts.  This
Amendment may be executed in any number of counterparts, each of which shall
constitute an original but all of which when taken together shall constitute but
one agreement.

       

      SECTION
5.  Amendment.  Except
as specifically amended or modified hereby, the Agreement shall continue in full
force and effect in accordance with the provisions thereof.  All
references in any other agreement or document to the Agreement shall, on and
after the date hereof, be deemed to refer to the Agreement as amended
hereby.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their duly authorized officers, all as of the date first above
written.

       

    

    
      

      
        	

                CITIGROUP
      FUNDING INC.

              
	 
	
                By: 
      /s/ Geoffrey S. Richards

                

                  
      

                Name:  Geoffrey
      S. Richards

                Title:    Executive
      Vice President and Assistant Treasurer

              
	 
	 
	

                CITIGROUP
      INC.

              
	 
	

                By: 
      /s/ Joseph J. Martinelli

                
                  
      

                Name:  Joseph
      J. Martinelli

                Title:    Assistant
      Treasurer

              
	 
	 
	

                CITIGROUP
      GLOBAL MARKETS INC.

              
	 
	

                By: 
      /s/ Nicholas Parcharidis

                

                  
      

                Name:  Nicholas
      Parcharidis

                Title:    Managing
      Director

              

      

      
         

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

          

            EXHIBIT
K              

             

            [date]

             

             

            

             

            Citigroup
Global Markets Inc.

            388
Greenwich Street

            New York,
New York 10013

            (the
“Agent”)

            

            

            Ladies
and Gentlemen:

             

            

            Re:
Notice of New Registration Statement on Form S-3 (No.
[         ])

             

            In
accordance with the provisions of the Selling Agency Agreement dated as of
November 22, 2006, as supplemented and amended from time to time, among
Citigroup Funding Inc. (the “Company”), Citigroup Inc. (the “Guarantor”), and
Citigroup Global Markets Inc. (the “Agent”), we hereby notify you that a
Registration Statement on Form S-3 (No.
[         ]) as defined in Rule 405
under the Securities Act of 1933, as amended, and relating to the Warrants was
filed by the Company and the Guarantor with the U.S. Securities and Exchange
Commission on [date], [also identify any amendments filed] (the “New
Registration Statement”) and became effective upon such filing.

             

            Accordingly,
the file number contained in the first sentence of Section 1(a) of the Selling
Agency Agreement shall be hereafter deemed to refer to the file number of the
New Registration Statement, and all references in the Selling Agency Agreement
to the “Registration Statement” shall be hereafter deemed to refer to the New
Registration Statement.

            

            
              
                 

              

              
                1

                
                  

                

              

              
                 

              

            

            Very
truly yours,

          

           

          
            

            
              	

                      CITIGROUP
      FUNDING INC.

                    
	 
	
                      By:

                      

                        
      

                      Name:

                      Title:

                    
	 

            

             

            
              	

                      CITIGROUP
      INC.

                    
	 
	
                      By:

                      

                        
      

                      Name:

                      Title:

                    
	 

            

             

            

            The
foregoing notice is hereby

            received
as of the date

            hereof:

            

             

            
              	

                      

                        CITIGROUP
      GLOBAL MARKETS INC.

                      

                    
	 
	
                      By:

                      

                        
      

                      Name:

                      Title:

                    
	 

            

          

        

      

       

      
        
          
          

        

        
          2Exhibit
4.30

      

      This
document constitutes part of a prospectus covering securities that have been
registered under the Securities Act of 1933.

    

    
       

      Nonqualified
Stock Option Contract

       

      THIS NONQUALIFIED STOCK OPTION
CONTRACT is entered into effective as of the 31st day of December, 2008,
by and between INTER PARFUMS,
INC., a Delaware corporation (the “Company”) and _________ (“Option
Holder”).

    

    

    WITNESSETH:

    

    1.           The
Company, in accordance with the resolutions adopted by the Company’s Executive
Compensation and Stock Option Committee (the “Committee”), and the terms and
subject to the conditions of the Company’s 2004 Stock Option Plan (the “2004
Plan”), hereby grants to the Option Holder as of December 31, 2008, a
nonqualified stock option to purchase an aggregate of ______ shares (the “Shares”) of
the common stock, $.001 par value per share, of the Company (the “Common
Stock”), at the exercise price of $6.925 per share.

    

    2.           Subject
to earlier termination as provided in the 2004 Plan, the term of this option
shall be six (6) years from the date hereof; provided that, such option
shall vest and become exercisable to purchase shares of Common Stock as follows:
20% one year after the date of grant, and then 20% on each of the second, third,
fourth and fifth consecutive years from the date of grant on a cumulative basis,
so that each option shall become fully vested and exercisable on the fifth year
from the date of grant.

    

    3.           (a)           Subject
to the provisions contained in Section 2 hereof, this option may be exercised
from time to time in whole or in part prior to the end of the term of the option
(but not with respect to less than 100 Shares (unless less than 100 Shares
remain to be purchased, then such amount remaining), or fractional Shares), by
giving written notice to the Company at its principal office, presently 551
Fifth Avenue, New York, New York 10176, stating that the Option Holder is
exercising this option, specifying the number of Shares purchased and
accompanied by payment in full of the aggregate purchase price therefor (i) in
cash or certified check or (ii) with previously acquired shares of Common Stock
or a combination of the foregoing if permitted in the sole discretion of the
Company’s Executive Compensation and Stock Option Committee (the
“Committee”).

    

    (b)        
In addition, upon the exercise of this option, the Company may withhold cash
and/or Shares to be issued with respect thereto, having an aggregate fair market
value equal to the amount which it determines is necessary to satisfy its
obligation to withhold federal, state and local income taxes or other taxes
incurred by reason of such exercise. Alternatively, the Company may require the
holder to pay to the Company such amount, in cash, promptly upon demand. The
Company shall not be required to issue any Shares pursuant to this option until
all required payments have been made.

    

    4.           This
option is not transferable otherwise than by will or the laws of descent and
distribution and may be exercised, during the lifetime of the Option Holder,
only by the Option Holder or his legal representatives.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.           Nothing
in the 2004 Plan or herein shall confer upon the Option Holder any right to
continue in the employ of, or be associated with, the Company, its Parent or any
of its Subsidiaries, or interfere in any way with the right to employment or
association of the Option Holder with the Company, its Parent or any of its
Subsidiaries.

    

    6.           The
Option Holder understands that the Shares have been registered for issuance to
the Option Holder in Registration Statement No. 333-136988 under the Securities
Act of 1933, as amended (the “Act”). Resale to the public by the Option Holder
is to be made under Rule 144 under the Act in accordance with the procedure for
resale of “affiliate shares” in the absence of a subsequent effective
registration statement for the resale of the Shares. Notwithstanding
registration under the Act, the Option Holder understands that in accordance
with the provisions of the Company’s Code of Business Conduct, (i) the Option
Holder must obtain permission from the Company’s Chief Financial Officer prior
to any sale of the Shares; and (ii) the use of material non-public information
in connection with the sale of the Company’s shares (“Insider Trading”) or the
communication of such information to others who use it in trading the Company’s
shares (“Tipping”) is strictly prohibited.

    

    7.           (a)           The
Option Holder understands that the Company maintains its internet website at
www.interparfumsinc.com
which is linked to the SEC Edgar database. The Option Holder can obtain through
the Company’s website, free of charge, its annual reports on Form 10-K,
quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to
those reports filed or furnished pursuant to Section 13(a) or 15(d) of the
Exchange as soon as reasonably practicable after the Company has electronically
filed with or furnished them to the SEC.

    

     
(b)          In addition, the
Company will cause to be delivered to the Option Holder, upon request to the
Company directed to either the Chief Financial Officer or the Controller,
without charge to the Option Holder, a copy of the documents incorporated by
reference into the Registration Statement, other than exhibits (unless such
exhibits are specifically incorporated by reference into the Registration
Statement).

    

    8.           Notwithstanding
anything to the contrary, if at any time the Chief Executive Officer, Board of
Directors of the Company or the Committee shall determine it its discretion that
the listing or qualification of the Shares on any securities exchange, with
national securities association or under any applicable law, or the consent or
approval of any governmental regulatory body, is necessary or desirable as a
condition of, or in connection with, the granting of an option, or the issue of
Shares thereunder, or the sale of the Shares, then this option may not be
exercised in whole or in part unless such listing, qualification, consent or
approval shall have been effected or obtained free of any conditions not
acceptable to the Chief Executive Officer, Board of Directors or the
Committee.

    

    9.           (a)           The
Company and the Option Holder further agree that they will both be subject to
and bound by all of the terms and conditions of the 2004 Plan, which is
incorporated by reference herein and made a part hereof as if fully set forth
herein.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (b)         In
the event the Option Holder's employment by, or association with, the Company,
its Parent or any of its Subsidiaries terminates, or in the event of the death
or disability of the Option Holder, the rights hereunder shall be governed by,
and made subject to, the provisions of the 2004 Plan.

    

    (c)          In
the event of a conflict between the terms of this Contract and the terms of the
2004 Plan, then in such event, the terms of 2004 Plan shall govern.

    

    (d)         Except
as otherwise provided herein, all capitalized terms used herein shall have the
same meaning ascribed to them in the 2004 Plan.

    

    (e)         The
Option Holder agrees that the Company may amend the 2004 Plan and the options
granted to the Option Holder under the 2004 Plan, subject to the limitations
contained in the 2004 Plan.

    

    10.         This
Contract shall be binding upon and inure to the benefit of any successor or
assign of the Company and to any executor, administrator or legal representative
entitled by law to the Option Holder's right hereunder.

    

    11.         This
Contract shall be governed by and construed in accordance with the laws of the
State of New York, without regard to the principles of conflicts of
laws.

    

    IN WITNESS WHEREOF, the
parties hereto have entered into this Contract effective as of the date first
above written.

    

    
      
        
          
            
              	
                      INTER PARFUMS, INC.

                    
	 
      	 
      
	
                      By:

                    	 
      
	 
      	
                      [Name
      and Title]

                    
	 
      	 
      
	 
      
	
                      [Name
      of Option
Holder]

                    

            

          

        

      

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Schedule
of Executive Officers and Number of Shares Underlying Option

    

    
      
        
          
            
              
                	
                        Executive
      Officer/Option Holder

                      	 	
                        Number
      of Shares

                      
	 
      	 	 
      
	
                        Jean
      Madar

                      	 	
                        19,000

                      
	
                        Philippe
      Benacin

                      	 	
                        19,000

                      
	
                        Russell
      Greenberg

                      	 	
                        15,000

                      
	
                        Henry
      B. (“Andy”) Clarke

                      	 	
                        5,000

                      

              

            

          

        

      

    

     

    
      
         

      

      
        4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]