Document:

<PAGE>

To:      Inter Parfums SA
         4-6 Rond Point Des Champs-Elysees
         75008 Paris
         France

         For the attention of: Philippe Benacin

and

         Inter Parfums, Inc.
         551 Fifth Avenue
         New York
         NY 10176-0198
         USA

         For the attention of: Jean Madar

                                                                 8 February 2000

Dear Sirs

LICENCE AGREEMENT BETWEEN (1) BURBERRY LIMITED (FORMERLY BURBERRYS LIMITED)
(2) INTER PARFUMS S.A. AND (3) INTER PARFUMS, INC (FORMERLY JEAN PHILIPPE
FRAGRANCES, INC.) DATED 15 JULY 1993 (AS AMENDED) (THE "AGREEMENT")

We set out below the amendments to the Agreement which we have agreed between us
with effect from the date of this letter.

1.  Clause 3.1 of the Agreement shall be deleted and replaced by the following:

                  "This Agreement shall come into force on the Effective Date
                  and shall have effect until 31st December, 2006 (when it shall
                  expire automatically without notice) unless terminated earlier
                  in accordance with this Agreement. Nothing said or done (or
                  omitted to be said or done) by or on behalf of Burberry on or
                  before that date shall prevent this Agreement expiring on that
                  date unless the parties expressly agree otherwise in writing,
                  signed by a Director of Burberry with the express authority of
                  the Burberry Board."

2.  Clauses 3.10 to 3.13 shall be deleted and replaced by the following clauses:

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                                        4

                  "3.10    If during the calendar year 2002 the Licensee shall
                           not have made Net Sales of at least[_______________]
                           in respect of all Licensed Products, then either the
                           Licensee or Burberry may (within 60 days of the
                           receipt by Burberry of the Annual Account for the
                           year ending on 31st December 2002) give notice to the
                           other parties terminating this Agreement on 31st
                           December 2003.

                  3.11     If during the calendar year 2003 the Licensee shall
                           not have made Net Sales of at least[________________]
                           in respect of all Licensed Products, then either the
                           Licensee or Burberry may (within 60 days of the
                           receipt by Burberry of the Annual Account for the
                           year ending on 31st December 2003) give notice to the
                           other parties terminating this Agreement on 31st
                           December 2004.

                  3.12     If during the calendar year 2004 the Licensee shall
                           not have made NetSales of at least
                           [______________________________] in respect of all
                           Licensed Products, then either the Licensee or
                           Burberry may (within 60 days of thereceipt by
                           Burberry of the Annual Account for the year ending on
                           31st December2004) give notice to the other parties
                           terminating this Agreement on 31st December 2005.

                  3.13     Subject to the following provisions of this Clause,
                           each of the figures set out in Clauses 3.3 to 3.9
                           inclusive shall be subject to adjustment for
                           inflation in line with the increase from 1 January
                           1993 in the Retail Price Index. The figure shall be
                           adjusted annually with effect from 1 January in each
                           year.

                  3.14     Subject to the following provisions of this Clause,
                           each of the figures set out in Clauses 3.10 to 3.12
                           inclusive shall be subject to adjustment for
                           inflation in line with the increase from 1 January
                           2000 in the Retail Price Index. The figure shall be
                           adjusted annually with effect from 1 January in each
                           year.

                  3.15     Any termination notice under Clauses 3.2 to 3.12
                           inclusive shall be subject to the remaining
                           provisions of this Agreement as regards termination
                           of this Agreement.

                  3.16     For the purposes of this Agreement,Licensed Products
                           shall be deemed sold when shipped."

3.       In Clause 8.8, "US dollars" shall be deleted and replaced by "Pounds
         Sterling or, as Burberry may direct at any time after 1 January 2002,
         in euros". We acknowledge that since 1 January 1997 payments made to us
         under the Agreement have been made in French Francs and not in US
         Dollars.

<PAGE>

4.       In Clause 8.9, both references to "US dollars" shall be deleted and
         replaced by "US dollars or Pounds Sterling (as appropriate) or (as
         Burberry may direct at any time after 1 January 2002) in euros".

5.       The following wording shall be inserted at the end of Clause 9.1:-

                  "1 January 2004 to 31 December 2004 :___________________

                   1 January 2005 to 31 December 2005 :___________________

                   1 January 2006 to 31 December 2006 :___________________

         In Clause 9.1, "1 December 2002" shall be deleted and replaced by "31
         December 2002" and "1 December 2003" shall be deleted and replaced by
         "31 December 2003".

6.       Clause 9.3 shall be deleted and replaced by the following:

                  "Each of the figures in Clause 9.1 (except for the figure for
                  the first Licensed Year) shall be subject to adjustment for
                  inflation in line with the increase from the Relevant Date in
                  the Retail Prices Index. The figures shall be adjusted
                  annually with effect from 1 January in each year to take
                  account of the latest then published Retail Prices Index. For
                  the purposes of this Clause, the "RELEVANT DATE" means 1
                  January 1993 for minimum Royalties payable in respect of any
                  period up to and including 31 December 2003 and 1 January 2000
                  for minimum Royalties payable in respect of any period
                  beginning on or after 1 January 2004."

In all other respects, the Agreement shall continue in full force and effect.

Terms used in this letter shall have the same meanings as in the Agreement,
unless stated otherwise.

This letter is governed by and shall be construed in accordance with English
law.

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Please acknowledge your acceptance of the terms of this letter by signing and
returning the attached copy of this letter.

Yours faithfully

Signed by         (name) .Victor J. Barnett

                  (signature) /s/ Victor J. Barnett
duly authorised
for and on behalf of
BURBERRY LIMITED

We confirm our agreement to the above

Signed by         (name) Benacin Philippe

                  (signature). /s/ Philippe Benacin
duly authorised
for and on behalf of
INTER PARFUMS S.A.

Signed by         (name) Jean Madar

                  (signature) /s/ Jean Madar
duly authorised
for and on behalf of
INTER PARFUMS, INC<PAGE>

                                                                   Exhibit 10.75
                       Republic National Bank of New York

Republic National Bank
Republic National Bank of New York
452 Fifth Avenue
New York, NY 10018
Telephone 212 525 5000

                                  June 1, 1999

Jean Philippe Fragrances, Inc.
Elite Parfums, Ltd.
551 Fifth Avenue
New York, N.Y. 10176
Attention: Mr. Russell Greenberg
Chief Financial Officer/Executive Vice President

Ladies and Gentlemen:

     We are pleased to confirm that we are extending to you a line of credit of
up to an aggregate amount of $12,000,000 outstanding at any one time, which line
may be used by your company for direct borrowings and acceptance and sight
letters of credit exposure for working capital purposes, provided, however, the
outstanding amount as to which our Bank is liable, directly or contingently, on
behalf of your company in respect of letter of credit and acceptance financings
cannot in the aggregate at any one time exceed $2,000,000. This line is subject
to the provisions set forth herein and in the other documents entered into in
connection with this facility.

     Borrowings under this line of credit shall be evidenced by a Demand
Grid Note, a copy of which is enclosed. Under this facility borrowings may be
made from time to time and shall be repayable on demand, but may be prepaid in
whole or in part with accrued interest to the date of prepayment. Any amounts
outstanding shall bear interest, payable monthly in arrears, at a variable rate
per annum equal to 0% above our Bank's Reference Rate established from time to
time, all as more fully set forth in the Demand Grid Note.

     Or, at your option, you may borrow under a LIBOR Pricing Revolving Note
up to the maximum amount of $12,000,000 in $100,000 increments, provided
however, the amount outstanding under LIBOR Pricing Revolving Notes is no less
than $500,000, with advances priced at your option of one month, two months,
three months or six months LIBOR plus 1.75% for each LIBOR rate advance and
subject to the terms of the LIBOR Pricing Revolving Note; a copy of the LIBOR
Pricing Revolving Note is attached herewith. Please note that the advances under
the LIBOR Pricing Revolving Note may be prepaid, but only subject to the terms
and conditions set forth in that note.

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                                                                          Page 2

     Each letter of credit issued for your account shall be issued only
pursuant to our standard form of application for commercial letter of credit
(the "Application"), as executed by you from time to time. You shall pay a fee
of 1/8 of 1% when we issue any letter of credit for your account and each time
we amend any such letter of credit. In addition, you shall pay a fee of 1/8 of
1% of the face amount of any sight draft presented to us in accordance with the
terms of any letter of credit we issue for your account. Such fee shall be
payable when such draft is presented to us and honored by us, all as more fully
set forth in the Application. Any amounts due to us from you under the
Application shall bear interest payable on demand at a variable rate per annum
equal to the rate from time to time in effect under the Demand Grid Note. At our
option such amounts may be deemed additional advances evidenced by and repayable
in accordance with the Demand Grid Note. In place of the foregoing demand
reimbursement obligation, we may from time to time accept your time drafts of up
to 180 days presented to us by you. When such time draft is accepted by us it
will be discounted from its date of maturity at a rate per annum equal to 2%
plus our acceptance rate for commercial drafts or bills of exchange of
comparable amounts and maturities.

     Your obligations under this line of credit shall be guaranteed by your
subsidiary, Elite Parfums, Ltd. (for the obligations of Jean Philippe
Fragrances, Inc.) and by your parent, Jean Philippe Fragrances, Inc., (for the
obligations of Elite Parfums, Ltd.).

     This facility may be utilized by you for the period ending May 31, 1999;
provided, however, THE CONTINUING AVAILABILITY OF THIS FACILITY IS AT ALL TIMES
SUBJECT TO OUR CONTINUING SATISFACTION, AS DETERMINED BY OUR BANK IN ITS SOLE
AND ABSOLUTE DISCRETION, WITH THE BUSINESS, AFFAIRS AND FINANCIAL CONDITION OF
YOUR COMPANIES AND OF EACH GUARANTOR AND TO YOUR COMPLIANCE, AND THAT OF EACH
OTHER PARTY EXECUTING AND DELIVERING DOCUMENTS TO US HEREUNDER OR OTHERWISE IN
CONNECTION WITH THIS FACILITY, WITH THE TERMS AND PROVISIONS OF THIS LETTER AND
EACH OF THE DOCUMENTS REFERRED TO HEREIN. In addition, the continuing
availability of this facility is subject to your furnishing us, (i) within 120
days after the close of your fiscal year, with your audited financial statements
certified by your independent certified public accountants as of the end of such
period, including a balance sheet and related income statements; and (ii) such
other information, including interim financial statements, concerning your
business, affairs or financial condition as we may from time to time request.

     All payments of principal, interest and fees payable by you under this
facility shall be made in immediately available funds at our office at 452 Fifth
Avenue, New York, New York 10018 and may be charged to any account you maintain
with us.

     Our agreement to extend to you this facility, on the terms set forth
herein, is further subject to our receipt in form satisfactory to us of (a) a
certified copy of resolutions of your Board of Directors authorizing your
execution, delivery and performance of this agreement (and the documents
hereinafter referred to); (b) signature cards for your authorized signatories;
(c) an executed copy of our Demand Grid Note signed by your duly authorized
officer on your behalf, (d) executed copies of our standard form of Guarantee
signed by Elite Parfums, Ltd. (for the

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                                                                          Page 3

obligations of Jean Philippe Fragrances, Inc.) and Jean Philippe
Fragrances, Inc., (for the obligations of Elite Parfums, Ltd.

     NO AMENDMENT, MODIFICATION OR WAIVER OF ANY PROVISION OF THIS AGREEMENT NOR
CONSENT TO ANY DEPARTURE BY OUR BANK THEREFROM SHALL BE EFFECTIVE, IRRESPECTIVE
OF ANY COURSE OF DEALING, UNLESS THE SAME SHALL BE IN WRITING AND SIGNED BY OUR
BANK AND THEN SUCH WAIVER OR CONSENT SHALL BE EFFECTIVE ONLY IN THE SPECIFIC
INSTANCE AND FOR THE SPECIFIC PURPOSE FOR WHICH GIVEN.

     This agreement shall be governed by and construed in accordance with the
laws of the State of New York. Please note that to the extent any of the terms
or provisions of this agreement conflict with those contained in the Demand Grid
Note or any of the above-mentioned documents, the terms and provisions of such
Note and of such other documents shall govern.

     YOU AND OUR BANK AGREE THAT ANY ACTION, SUIT OR PROCEEDING IN RESPECT OF OR
ARISING OUT OF THIS AGREEMENT, THE NOTE OR ANY OTHER DOCUMENTS RELATING TO THIS
FACILITY MAY BE INITIATED AND PROSECUTED IN THE STATE OR FEDERAL COURTS, AS THE
CASE MAY BE, LOCATED IN NEW YORK COUNTY, NEW YORK.

     YOU FURTHER AGREE THAT ANY ACTION, DISPUTE, PROCEEDING, CLAIM OR
CONTROVERSY BETWEEN OR AMONG YOU AND US WHETHER SOUNDING IN CONTRACT, TORT OR
OTHERWISE ("DISPUTE" OR "DISPUTES") SHALL, AT OUR ELECTION, WHICH ELECTION MAY
BE MADE AT ANY TIME PRIOR TO THE COMMENCEMENT OF A JUDICIAL PROCEEDING BY OUR
BANK, OR IN THE EVENT OF A JUDICIAL PROCEEDING INSTITUTED BY YOU AT ANY TIME
PRIOR TO THE LAST DAY TO ANSWER AND/OR RESPOND TO A SUMMONS AND/OR COMPLAINT
MADE BY YOU, BE RESOLVED BY ARBITRATION IN NEW YORK, NEW YORK IN ACCORDANCE WITH
THE PROVISIONS OF THIS PARAGRAPH AND SHALL, AT THE ELECTION OF OUR BANK, INCLUDE
ALL DISPUTES ARISING OUT OF OR IN CONNECTION WITH (I) THIS AGREEMENT, THE DEMAND
GRID NOTE, OR ANY OTHER RELATED AGREEMENTS OR INSTRUMENTS, (II) ALL PAST,
PRESENT AND FUTURE AGREEMENTS INVOLVING THE PARTIES, (III) ANY TRANSACTION
CONTEMPLATED HEREBY AND ALL PAST, PRESENT AND FUTURE TRANSACTIONS INVOLVING THE
PARTIES AND (IV) ANY ASPECT OF THE PAST, PRESENT OR FUTURE RELATIONSHIP OF THE
PARTIES. We may elect to require arbitration of any Dispute with us without
thereby being required to arbitrate all Disputes between you and us. Any such
Dispute shall be resolved by binding arbitration in accordance with Article 75
of the New York Civil Practice Law and Rules and the Commercial Arbitration
Rules of the American Arbitration Association ("AAA"). In the event of any
inconsistency between such Rules and these arbitration provisions, these
provisions shall supersede such Rules. All statutes of limitations which would
otherwise be applicable shall apply to any arbitration proceeding under this
paragraph. In any arbitration proceeding subject to these provisions, the
arbitration panel (the "arbitrator") is specifically empowered to decide (by
documents only, or with a hearing, at the

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                                                                          Page 4

arbitrators sole discretion) pre-hearing motions which are substantially
similar to pre-hearing motions to dismiss and motions for summary adjudication.
In any such arbitration proceeding, the arbitrator shall not have the power or
authority to award punitive damages to any party. Judgment upon the award
rendered may be entered in any court having jurisdiction. Whenever an
arbitration is required, the parties shall select an arbitrator in the manner
provided in this paragraph. No provision of, nor the exercise of any rights
under, this paragraph shall limit the right of any party (i) to foreclose
against any real or personal property collateral through judicial foreclosure,
by the exercise of a power of sale under a deed of trust, mortgage or other
security agreement or instrument pursuant to applicable provisions of the
Uniform Commercial Code, or otherwise pursuant to applicable law, (ii) to
exercise self help remedies including but not limited to setoff and
repossession, or (iii) to request and obtain from a court having jurisdiction
before, during or after the pendency of any arbitration, provisional or
ancillary remedies and relief including but not limited to injunctive or
mandatory relief or the appointment of a receiver. The institution and
maintenance of an action or judicial proceeding for, or pursuit of, provisional
or ancillary remedies or exercise of self help remedies shall not constitute a
waiver of our right, even if we are the plaintiff, to submit the Dispute to
arbitration if we would otherwise have such right. We may require arbitration of
any Dispute(s) concerning the lawfulness, unconscionableness, propriety, or
reasonableness of any exercise by us of our right to take or dispose of any
collateral or our exercise of any other right in connection with collateral
including, without limitation, judicial foreclosure, exercising a power of sale
under a deed of trust or mortgage, obtaining or executing a writ of attachment,
taking or disposing of property with or without judicial process pursuant to
Article 9 of the Uniform Commercial Code or otherwise as permitted by applicable
law, notwithstanding any such exercise by us. Whenever an arbitration is
required under this paragraph, the arbitrator shall be selected, except as
otherwise herein provided, in accordance with the Commercial Arbitration Rules
of the AAA. A single arbitrator shall decide any claim of $100,000 or less and
he or she shall be an attorney with at least five years' experience. Where the
claim of any party exceeds $100,000, the Dispute shall be decided by a majority
vote of three arbitrators, at least two of whom shall be attorneys (at least one
of whom shall have not less than five years' experience representing commercial
banks). In the event of any Dispute governed by this paragraph, each of the
parties shall, subject to the award of the arbitrator, pay an equal share of the
arbitrator's fees. The arbitrator shall have the power to award recovery of all
costs and fees (including attorneys' fees, administrative fees, arbitrator's
fees, and court costs) to the prevailing party.

     ANYTHING IN THIS AGREEMENT, THE NOTE OR ANY OTHER DOCUMENTS RELATING TO
THIS FACILITY TO THE CONTRARY NOTWITHSTANDING, THE ENUMERATION IN THIS
AGREEMENT, THE NOTE OR IN SUCH OTHER DOCUMENTS OF SPECIFIC OBLIGATIONS TO OUR
BANK AND/OR CONDITIONS TO THE AVAILABILITY OF THIS FACILITY AND THE NOTE SHALL
NOT BE CONSTRUED TO QUALIFY, DEFINE OR OTHERWISE LIMIT OUR RIGHT, POWER OR
ABILITY, AT ANY TIME, UNDER APPLICABLE LAW, TO MAKE DEMAND FOR PAYMENT OF THE
ENTIRE OUTSTANDING PRINCIPAL OF AND INTEREST DUE UNDER THIS FACILITY AND THE
NOTE OR OUR RIGHT NOT TO MAKE ANY EXTENSION OF CREDIT UNDER THIS FACILITY AND
YOU AGREE THAT YOUR BREACH OF OR DEFAULT UNDER ANY SUCH ENUMERATED OBLIGATIONS
OR CONDITIONS IS NOT THE ONLY BASIS

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                                                                          Page 5

FOR DEMAND TO BE MADE OR FOR A REQUEST FOR AN EXTENSION OF CREDIT TO BE
DENIED, AS YOUR OBLIGATION TO MAKE PAYMENT SHALL AT ALL TIMES REMAIN A DEMAND
OBLIGATION. NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, THIS
AGREEMENT DOES NOT CREATE A COMMITMENT OR OBLIGATION TO LEND BY THE BANK AND YOU
ACKNOWLEDGE THAT THE BANK HAS NO OBLIGATION TO LEND.

     EACH OF YOU AND WE HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM BROUGHT BY OR AGAINST IT ON ANY MATTERS WHATSOEVER, IN CONTRACT OR
IN TORT, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, THE NOTE OR
ANY OTHER DOCUMENTS RELATING TO THIS FACILITY. YOU ALSO HEREBY WAIVE THE RIGHT
TO INTERPOSE ANY DEFENSE BASED UPON ANY CLAIM OF LACHES OR SET-OFF OR
COUNTERCLAIM OF ANY NATURE OR DESCRIPTION, ANY OBJECTION BASED ON FORUM NON
CONVENIENS OR VENUE, AND ANY CLAIM FOR CONSEQUENTIAL, PUNITIVE OR SPECIAL
DAMAGES.

     If this agreement is acceptable to you, please sign and return to us one
copy each of the enclosed copy of this letter and the other documents referred
to above on or before July 15, 1999.

                                      Very truly yours,

                                      REPUBLIC NATIONAL BANK OF
                                      NEW YORK

                                      /s/ Andrew Ross
                                      ---------------
                                      By: Andrew Ross
                                      Title: First Vice President

Agreed to and accepted:

JEAN PHILIPPE FRAGRANCES, INC.

By: /s/ Russell Greenberg
    ---------------------
Title: Executive Vice President

ELITE PARFUMS, LTD.

By: /s/ Russell Greenberg
    ---------------------
Title: Executive Vice President

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