Document:

Exhibit 10.158

 

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, 2013, 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, 2013, 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 $35.75 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.

 

(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.

 

    	2

    	 

    

 

(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]	 
	 	 	 
	 	 	 
	 	 	 

 

Schedule of Executive Officers and Number
of Shares Underlying Option

 

	Executive Officer	 	Number of Shares	 
	 	 	 	 
	Jean Madar	 	 	19,000	 
	Philippe Benacin	 	 	19,000	 
	Russell Greenberg	 	 	25,000	 
	Philippe Santi	 	 	5,000	 
	Frederic Garcia-Pelayo	 	 	5,000	 
	Henry B. “Andy” Clarke	 	 	7,500	 

 

    	3Exhibit 10.168 

 

EIGHTH MODIFICATION OF LEASE

 

This Eighth Modification
of Lease made as of this 19th day of July, 2018 by and between JEFFREY MANAGEMENT CORP. AS MANAGER FOR FRENCH PARTNERS LLC AND
NEW YORK FRENCH BUILDING CO-INVESTORS, LLC, TENANTS-IN-COMMON, having an address at 7 Penn Plaza, New York, New York 10001
(hereinafter referred to as the “Landlord”) and INTER PARFUMS, INC., having an address at 551 Fifth Avenue, New
York, New York 10176 (hereinafter referred to as the “Tenant”).

 

W I T N E S S E T H

 

WHEREAS, Landlord’s
predecessor in interest and Tenant’s predecessor in interest have entered into a certain lease dated January 13, 1992, as
amended by Modification of Lease dated June 17, 1994, Second Modification of Lease dated April 30, 1997, Third Modification of
Lease dated June 17, 2002, Fourth Amendment of Lease dated February 14, 2006, Fifth Modification of Lease dated June 23, 2006,
Sixth Modification of Lease dated February 24, 2011 and Seventh Modification of Lease dated February 7, 2013 (hereinafter collectively
referred to as the “Existing Lease”) for Suite 1522, Suite 1502, Suite 1501 and Suite 1501A as more fully indicated on
the attached Exhibit “A” (hereinafter referred to as the ” Existing Demised Premises”) in the building known
as 551 Fifth Avenue, New York, New York 10176 (hereinafter referred to as the “Building”).

 

WHEREAS, Tenant
wishes to lease additional space on the fourteenth (14th) floor known as Suite 1400 (“Additional Space”),
as more fully indicated on the attached Exhibit “B” from the Landlord (hereinafter referred to as the “Additional
Space”) and Landlord is willing to lease said Additional Space to Tenant.

 

WHEREAS, Landlord
and Tenant desire to amend the Existing Lease as hereinafter provided. The Existing Lease, as hereinafter amended, shall be referred
to as the Lease.

 

NOW THEREFORE,
in consideration of these premises, mutual covenants and agreements contained herein and other good and valuable consideration,
receipt of which is hereby acknowledged the parties hereby agree as follows:

 

 I.      All of the original terms used
in the Eighth Modification of Lease not defined herein have the same meanings as described in the Existing Lease.

 

    1

     

    

 

 II.
    Commencing on the later of (i) January 1, 2019; or (ii) the date Landlord delivers the Additional Space to
Tenant with Landlord’s Work substantially completed (“Additional Space Commencement Date”):

 

A.       The
Landlord hereby leases to Tenant pursuant to the terms of the Lease,and Tenant hereby accepts for lease from Landlord the Additional
Space and same shall be incorporated into and made a part of the Demised Premises. (The Additional Space and the Existing Demised
Premises shall be collectively referred to as the Demised Premises”).

 

B.       The
term of the Existing Lease that is currently scheduled to expire on April 30, 2024 shall be extended so that the new expiration
date of the Lease shall be the later of (i) May 31, 2029 or (ii) the last day of the one hundred twenty-fifth (125th)
month following the Additional Space Commencement Date (“Additional Space Expiration Date”).

 

C.       The
billing for the entire Demised Premises shall be as more fully indicated on the attached Exhibit “C”.

 

D.       Article
35A of the Lease, as amended, shall be further amended for the entire Demised Premises as follows:

 

(i)       On
the third (3rd) line the number “3.92” shall be deleted and replaced with the number “5.78”.

 

(ii)       On
the sixth (6th) line the language “July 1, 2013 through June 30, 2014” shall be deleted and replaced with
the language “July 1, 2018 through June 30, 2019”.

 

 III.    Landlord shall provide electric
energy to the Demised in accordance with Article 37 of the Lease as amended.

 

 IV.    Tenant agrees to accept the
Demised Premises in its present “as is” condition and Landlord shall not be required to do any work or furnish any materials
in connection therewith, except that Landlord shall perform the following work (“Landlord’s Work”):

 

a.       Partition
the Premises in accordance with Tenant’s Final Schematic Plans, attached hereto and marked Exhibit “D” which
shall be drawn by Landlord’s architect at Landlord’s sole cost and expense. In addition, Landlord shall make improvements
to the Demised Premises as per Tenant’s Construction Plans (Landlord to provide) at Landlord’s sole cost and expense
which shall include an internal staircase connecting the Additional Space to the fifteenth (15th) floor of the Building.
Landlord and Tenant acknowledge and agree that the Landlord’s architect is currently preparing final architectural and mechanical
plans (the “Plans”) for Landlord’s Work. Landlord agrees to submit such Plans to Tenant for Tenant’s approval.
The Plans will be subject to Tenant’s prior written approval which shall not be unreasonably withheld or delayed. Tenant
will deliver to Landlord written approval of the Plans and/or written notice of any objections Tenant has to the Plans no later
than ten (10) business days after Tenant’s actual receipt of the Plans from Landlord. Landlord will cause the Plans to be
revised to satisfy Tenant’s reasonable objections and resubmit to Tenant within five (5) business days after Landlord’s
receipt of Tenant’s objection, if any. The terms as described in this paragraph shall be in effect until such time as Landlord
and Tenant mutually approve the Plans.

 

    2

     

    

 

 V.     Notwithstanding anything contained
herein, provided Tenant is not in default of any of the terms, covenants and conditions of the Lease, Landlord and Tenant agree
that Tenant shall not be obligated to pay any Annual Rent for the Demised Premises for the second (2nd), twenty-fourth
(24th), forty-eighth (48th), sixtieth (60th) and seventy-second (72nd) full months
following the Additional Space Commencement Date. Tenant agrees however that the credit due for each month will be limited to the
monthly Annual Rent due and payable by Tenant during the initial lease year ($116,032.00) per month. Tenant shall be obligated
to pay all additional rent and utility charges (including the monthly submetered electric), as additional rent due during the above
mentioned “rent free” period.

 

 VI.    Tenant represents that it has
dealt with no broker other than Jeffrey Management Corp. Tenant agrees to indemnify, defend and hold Landlord harmless (including
attorneys’ fees) from and against any and all claims for brokerage commissions made by any other party claiming to act for or on
behalf of Tenant concerning this transaction.

 

 VII.   Pursuant to the terms and conditions
of the Lease, Tenant has heretofore deposited with Landlord the sum of $14,137.50 plus any accrued interest, as security thereunder,
which Landlord acknowledges receipt thereof.

 

Provided
that prior to the Additional Space Commencement Date, Landlord shall not have used, applied or retained the whole or part of said
sum of $14,137.50 plus any accrued interest, the parties hereto agree that said sum of $14,137.50 plus any accrued interest, shall
be held by Landlord as security hereunder pursuant to the provisions of Articles 33 and 55 of the Lease.

 

    3

     

    

 

VIII. Provided
Tenant is not in default of any of monetary or material non-monetary obligations under the Lease beyond the expiration of any grace
or cure period, Tenant shall have the right upon notice given to Landlord, to lease all or any of the additional space located
on the fourteenth (14th) floor, as more fully indicated on the attached Exhibit “E” (“Expansion Space”).
Said option shall be exercisable by Tenant upon notice to Landlord given not less than twelve (12) months prior to the expiration
of the leases in question previously entered into by Landlord as listed (and with the expiration dates identified) on the attached
Exhibit “E”. Provided however, in the event Landlord receives an offer from a third party to lease the suite 1425 portion
of the Expansion Space (“Suite 1425”), then the Landlord shall notify Tenant in writing within thirty (30) days of
such offer and Tenant shall, within thirty (30) days receipt of such notice, have the right to exercise its option to lease Suite
1425upon the terms and conditions in this Article VIII. The term applicable to the Expansion Space shall be co-terminus with that
applicable to the Demised Premises. In addition, if any portion of the Expansion Space becomes available prior to the scheduled
expiration date , then Landlord shall notify Tenant in writing within thirty (30) days of the availability and Tenant shall, within
thirty (30) days receipt of such notice, have the right to exercise its option to lease such Expansion Space upon the terms and
conditions in this Article VIII. If Tenant fails to exercise Tenant’s option to lease the Expansion Space in a timely manner,
then Tenant shall have waived its right to lease the said portion of the Expansion Space until such time as that said portion of
the Expansion Space becomes available again, in which event Landlord shall offer the space to Tenant in accordance with this Article
VIII. The Annual Rent that Tenant shall be obligated to pay for the Expansion Space shall be shall be the Fair Market Rent at that
time.

 

In the event the Landlord
and Tenant cannot agree upon the then Fair Market Rent for said Expansion Space within six (6) months from the date that Tenant
furnishes notice to Landlord of Tenant’s intention to exercise said option then such Fair Market Rent shall be determined
as follows:

 

The Landlord and Tenant
shall each name one appraiser to determine the fair market rent; if the two appraisers cannot agree upon the Fair Market Rent within
thirty (30) days, they shall appoint a third appraiser, and the decision of the majority of them shall be binding upon all parties.
Each appraiser appointed shall be qualified as a New York State Certified General Appraiser.

 

    4

     

    

 

 IX.   All of the capitalized terms
used in the Lease not defined herein have the same meaning as described in the Lease.

 

 X.     This Amendment shall be binding
upon and inure to the benefit of the parties hereto, their respective heirs, legal representatives, successors and permitted assigns.

 

 XI.    Except as herein expressly modified,
all terms, covenants and conditions of the Lease are hereby ratified and certified in all respects thereto.

 

IN WITNESS WHEREOF
the parties hereto have executed this instrument as of the day first above written.

 

	 	JEFFREY MANAGEMENT CORP. AS MANAGER FOR FRENCH PARTNERS LLC AND NEW YORK FRENCH BUILDING CO-INVESTORS,
    LLC, TENANTS-IN-COMMON
	 	 	 
	 	By:	/s/
Jeffrey J. Feil
	 	 	Jeffrey J. Feil –
Managing Member
	 	 	 
	 	INTER PARFUMS, INC.
	 	 	 
	 	By:	/s/
Russell Greenberg
	 	 	Russell Greenberg,
	 	 	Executive Vice President

 

    5

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