Document:

<PAGE>

                                                                     EXHIBIT 4.2

                                                                  EXECUTION COPY

                                    INDEMNITY, SUBROGATION AND CONTRIBUTION
                           AGREEMENT dated as of May 20, 2003, among
                           DISTRIBUIDORA COMERCIAL JAFRA , S.A. DE C.V. ("DCJ"),
                           JAFRA COSMETICS INTERNATIONAL, S.A. DE C.V. ("JCSA"),
                           each, a sociedad anonima de capital variable
                           organized under the laws of the United Mexican
                           States, each Subsidiary of JCSA listed on Schedule I
                           hereto and each Subsidiary of JCSA or DCJ that may
                           become a party hereto after the date hereof (together
                           with JCSA, the "Guarantors") and CREDIT SUISSE FIRST
                           BOSTON, a bank organized under the laws of
                           Switzerland, acting through its Cayman Islands
                           branch, as collateral agent (in such capacity, the
                           "Collateral Agent") for the Secured Parties (as
                           defined in the Credit Agreement referred to below).

         Reference is made to (a) the Credit Agreement dated as of May 20, 2003
(as amended, supplemented or otherwise modified from time to time, the "Credit
Agreement"), among Jafra Worldwide Holdings (Lux) S.AR.L., a Luxembourg societe
a responsabilite limitee, Jafra Cosmetics International, Inc., a Delaware
corporation ("JCI"), DCJ (together with JCI, the "Borrowers"), the lenders from
time to time party thereto (the "Lenders"), the Issuing Bank (as defined
therein) and Credit Suisse First Boston, as administrative agent for the Lenders
(in such capacity, the "Administrative Agent"), as swingline lender and as
Collateral Agent and (b) the Mexican Subsidiary Guarantee Agreement dated as of
May 20, 2003, among the Guarantors and the Collateral Agent (the "Mexican
Subsidiary Guarantee Agreement"). Capitalized terms used herein and not defined
herein shall have the meanings assigned to such terms in the Credit Agreement.

         The Lenders have agreed to make Loans to DCJ and the Issuing Bank has
agreed to issue Letters of Credit for the account of DCJ pursuant to, and upon
the terms and subject to the conditions specified in, the Credit Agreement. The
Guarantors have guaranteed such Loans and the other Obligations (as defined in
the Guarantee Agreement) of DCJ pursuant to the Mexican Subsidiary Guarantee
Agreement; certain Guarantors have granted Liens on and security interests in
certain of their assets to secure such guarantees. The obligations of the
Lenders to make Loans and of the Issuing Bank to issue Letters of Credit are
conditioned on, among other things, the execution and delivery by DCJ and the
Guarantors of an agreement in the form hereof.

         Accordingly, DCJ, each Guarantor and the Collateral Agent agree as
follows:

         SECTION 1. Indemnity and Subrogation. In addition to all such rights of
indemnity and subrogation as the Guarantors may have under applicable law (but
subject to Section 3), DCJ agrees that (a) in the event a payment shall be made
by any Guarantor under the Mexican Subsidiary Guarantee Agreement, DCJ shall
indemnify such Guarantor for the full amount of such payment and such Guarantor
shall be subrogated to the rights of the Person to whom such payment shall have
been made to the extent of such payment and (b) in the event any assets of any
Guarantor shall be sold pursuant to any Security Document to satisfy a claim of
any Secured Party, DCJ shall indemnify such Guarantor in an amount equal to the
greater of the book value or the fair market value of the assets so sold.

         SECTION 2. Contribution and Subrogation. Each Guarantor (a
"Contributing Guarantor") agrees (subject to Section 3) that, in the event a
payment shall be made by any other Guarantor under the Guarantee Agreement or
assets of any other Guarantor shall be sold pursuant to any Security Document to
satisfy a claim of any Secured Party and such other Guarantor (the

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                                                                               2

"Claiming Guarantor") shall not have been fully indemnified by DCJ as provided
in Section 1, the Contributing Guarantor shall indemnify the Claiming Guarantor
in an amount equal to the amount of such payment or the greater of the book
value or the fair market value of such assets, as the case may be, in each case
multiplied by a fraction of which the numerator shall be the net worth of the
Contributing Guarantor on the date hereof and the denominator shall be the
aggregate net worth of all the Guarantors on the date hereof (or, in the case of
any Guarantor becoming a party hereto pursuant to Section 12, the date of the
Supplement hereto executed and delivered by such Guarantor). Any Contributing
Guarantor making any payment to a Claiming Guarantor pursuant to this Section 2
shall be subrogated to the rights of such Claiming Guarantor under Section 1 to
the extent of such payment.

         SECTION 3. Subordination. Notwithstanding any provision of this
Agreement to the contrary, all rights of the Guarantors under Sections 1 and 2
and all other rights of indemnity, contribution or subrogation under applicable
law or otherwise shall be fully subordinated to the indefeasible payment in full
in cash of the Obligations. No failure on the part of DCJ or any Guarantor to
make the payments required by Sections 1 and 2 (or any other payments required
under applicable law or otherwise) shall in any respect limit the obligations
and liabilities of any Guarantor with respect to its obligations hereunder, and
each Guarantor shall remain liable for the full amount of the obligations of
such Guarantor hereunder.

         SECTION 4. Termination. This Agreement shall survive and be in full
force and effect so long as any Obligation is outstanding and has not been paid
in full, and so long as the L/C Exposure has not been reduced to zero or any of
the Commitments under the Credit Agreement have not been terminated, and shall
continue to be effective or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any Obligation is rescinded or must otherwise
be restored by any Secured Party or any Guarantor upon the bankruptcy, concurso
mercantil, or reorganization of DCJ, any Guarantor or otherwise. Notwithstanding
the foregoing, at the time any Guarantor is released from its obligations under
the Mexican Subsidiary Guarantee Agreement in accordance with such Mexican
Subsidiary Guarantee Agreement or the Credit Agreement, such Guarantor will
cease to have any rights or obligations under this Agreement.

         SECTION 5. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICTS OF LAWS TO THE EXTENT THAT
THE SAME ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE
LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

         SECTION 6. No Waiver; Amendment. (a) No failure on the part of the
Collateral Agent, DCJ or any Guarantor to exercise, and no delay in exercising,
any right, power or remedy hereunder shall operate as a waiver thereof, nor
shall any single or partial exercise of any such right, power or remedy by the
Collateral Agent or any Guarantor preclude any other or further exercise thereof
or the exercise of any other right, power or remedy. All remedies hereunder are
cumulative and are not exclusive of any other remedies provided by law. None of
the Collateral Agent, DCJ and the Guarantors shall be deemed to have waived any
rights hereunder unless such waiver shall be in writing and signed by such
parties.

         (b) Neither this Agreement nor any provision hereof may be waived,
amended or modified except pursuant to a written agreement entered into between
DCJ, the Guarantors and

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                                                                               3

the Collateral Agent, with (if required by the Credit Agreement) the prior
written consent of the Required Lenders.

         SECTION 7. Notices. All communications and notices hereunder shall be
in writing and given as provided in the Mexican Subsidiary Guarantee Agreement
and addressed as specified therein or with respect to DCJ as provided in the
Credit Agreement.

         SECTION 8. Binding Agreement; Assignments. Whenever in this Agreement
any of the parties hereto is referred to, such reference shall be deemed to
include the successors and assigns of such party; and all covenants, promises
and agreements by or on behalf of the parties that are contained in this
Agreement shall bind and inure to the benefit of their respective successors and
assigns. Neither DCJ nor any Guarantor may assign or transfer any of its rights
or obligations hereunder without the prior written consent of the Collateral
Agent.

         SECTION 9. Survival of Agreement; Severability. (a) All covenants and
agreements made by DCJ and each Guarantor herein shall survive the making by the
Lenders of the Loans and the issuance of the Letters of Credit by the Issuing
Bank.

         (b) In the event any one or more of the provisions contained in this
Agreement or in any other Loan Document should be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions contained herein and therein shall not in any way be
affected or impaired thereby (it being understood that the invalidity of a
particular provision in a particular jurisdiction shall not in and of itself
affect the validity of such provision in any other jurisdiction). The parties
shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable
provisions.

         SECTION 10. Counterparts. This Agreement may be executed by one or more
parties to this Agreement on any number of separate counterparts (including by
facsimile transmission), and all of said counterparts taken together shall be
deemed to constitute one and the same instrument. This Agreement shall be
effective with respect to any Guarantor when a counterpart bearing the signature
of such Guarantor shall have been delivered to the Collateral Agent.

         SECTION 11. Rules of Interpretation. The rules of interpretation
specified in Section 1.02 of the Credit Agreement shall be applicable to this
Agreement.

         SECTION 12. Additional Guarantors. Pursuant to Section 5.11 of the
Credit Agreement, certain Subsidiaries of JCSA and DCJ are required to become
parties to the Mexican Subsidiary Guarantee Agreement and this Agreement. Upon
execution and delivery, after the date hereof, by the Collateral Agent and such
Subsidiary of an instrument in the form of Annex 1 hereto, such Subsidiary shall
become a Guarantor hereunder with the same force and effect as if originally
named as a Guarantor hereunder. The execution and delivery of any instrument
adding an additional Guarantor as a party to this Agreement shall not require
the consent of any Guarantor hereunder. The rights and obligations of each
Guarantor hereunder shall remain in full force and effect notwithstanding the
addition of any new Guarantor as a party to this Agreement.

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                                                                               4

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

                                    JAFRA COSMETICS INTERNATIONAL, S.A.
                                    DE C.V.,

                                           By: /s/  Ralph S. Mason, III
                                               -------------------------------
                                               Name: Ralph S. Mason, III
                                               Title: Executive Vice President

                                    DISTRIBUIDORA COMERCIAL JAFRA, S.A.
                                    DE C.V.,

                                           By: /s/  Ralph S. Mason, III
                                               -------------------------------
                                               Name: Ralph S. Mason, III
                                               Title: Executive Vice President

                                    SERVIDAY, S.A. DE C.V.,

                                           By: /s/  Ralph S. Mason, III
                                               -------------------------------
                                               Name: Ralph S. Mason, III
                                               Title: Executive Vice President

                                    DISTRIBUIDORA VENUS, S.A. DE C.V.,

                                           By: /s/  Ralph S. Mason, III
                                               -------------------------------
                                               Name: Ralph S. Mason, III
                                               Title: Executive Vice President

                                    DIRSAMEX, S.A. DE C.V.,

                                           By: /s/  Ralph S. Mason, III
                                               -------------------------------
                                               Name: Ralph S. Mason, III
                                               Title: Executive Vice President

                                    JAFRA COSMETICS, S.A. DE C.V.,

                                           By: /s/  Ralph S. Mason, III
                                               -------------------------------
                                               Name: Ralph S. Mason, III
                                               Title: Executive Vice President
<PAGE>

                                                                               5

                                    COSMETICOS Y FRAGRANCIAS, S.A. de
                                    C.V.,

                                           By: /s/  Ralph S. Mason, III
                                               -------------------------------
                                               Name: Ralph S. Mason, III
                                               Title: Executive Vice President

                                    JAFRAFIN, S.A. DE C.V.,

                                           By: /s/  Ralph S. Mason, III
                                               -------------------------------
                                               Name: Ralph S. Mason, III
                                               Title: Executive Vice President

                                    CREDIT SUISSE FIRST BOSTON, acting
                                    through its Cayman Islands branch, as
                                    Collateral Agent,

                                           By: /s/  Karl M. Studer
                                               -------------------------------
                                               Name: Karl M. Studer
                                               Title: Director

                                           By: /s/  Jay Chall
                                               -------------------------------
                                               Name: Jay Chall
                                               Title: Director

<PAGE>

                                                                      SCHEDULE I
                                                   to the Indemnity, Subrogation
                                                      and Contribution Agreement

                                   Guarantors

Jafra Cosmetics International, S.A. de C.V. Subsidiaries

Name                                        Address

SERVIDAY, S.A. DE C.V                 Paseo Tollocan #28
                                      Zona Industrial Lerma
                                      Lerma, Edo. de Mexico

DISTRIBUIDORA VENUS, S.A. DE C.V.     Boulevard Adolfo Lopez Mateos No. 515,
                                      Mexico City, Mexico

DIRSAMEX, S.A. DE C.V.                Boulevard Adolfo Lopez Mateos No. 515,
                                      Mexico City, Mexico

JAFRA COSMETICS, S.A. DE C.V.         Boulevard Adolfo Lopez Mateos No. 515,
                                      Mexico City, Mexico

COSMETICOS Y FRAGRANCIAS, S.A. DE     Victoria #25
C.V.                                  Fraccc. Industrial Alce Blanco
                                      Naucalpan, Edo. de Mexico 533370

JAFRAFIN, S.A. DE C.V.                Apartado Postal 19-590, Admon. Correos 19,
                                      03901 Mexico, D.V.

Distribuidora Comercial Jafra, S.A. de C.V. Subsidiaries

Name                                        Address

None as of the Closing Date.

<PAGE>

                                                                      Annex 1 to
                                                  the Indemnity, Subrogation and
                                                          Contribution Agreement

                                    SUPPLEMENT NO. dated as of          , to the
                           Indemnity, Subrogation and Contribution Agreement
                           dated as of May 20, 2003 (as the same may be amended,
                           supplemented or otherwise modified from time to time,
                           the "Indemnity, Subrogation and Contribution
                           Agreement"), among DISTRIBUIDORA COMERCIAL JAFRA ,
                           S.A. DE C.V. ("DCJ"), JAFRA COSMETICS INTERNATIONAL,
                           S.A. DE C.V. ("JCSA"), each, a sociedad anonima de
                           capital variable organized under the laws of the
                           United Mexican States, each Subsidiary of JCSA listed
                           on Schedule I thereto and each Subsidiary of JCSA or
                           DCJ that may have become a party thereto after the
                           date thereof (together with JCSA, the "Guarantors")
                           and CREDIT SUISSE FIRST BOSTON, a bank organized
                           under the laws of Switzerland, acting through its
                           Cayman Islands branch, as collateral agent (in such
                           capacity, the "Collateral Agent") for the Secured
                           Parties (as defined in the Credit Agreement referred
                           to below).

         A. Reference is made to (a) the Credit Agreement dated as of May 20,
2003 (as amended, supplemented or otherwise modified from time to time, the
"Credit Agreement"), among Jafra Worldwide Holdings (Lux) S.AR.L., a Luxembourg
societe a responsabilite limitee, Jafra Cosmetics International, Inc., a
Delaware corporation ("JCI"), DCJ (together with JCI, the "Borrowers"), the
lenders from time to time party thereto (the "Lenders"), the Issuing Bank (as
defined therein) and Credit Suisse First Boston, as administrative agent for the
Lenders (in such capacity, the "Administrative Agent"), as swingline lender and
as Collateral Agent and (b) the Mexican Subsidiary Guarantee Agreement dated as
of May 20, 2003, among the Guarantors and the Collateral Agent (the "Mexican
Subsidiary Guarantee Agreement").

         B. Capitalized terms used herein and not otherwise defined herein shall
have the meanings assigned to such terms in the Indemnity, Subrogation and
Contribution Agreement and the Credit Agreement.

         C. DCJ and the Guarantors have entered into the Indemnity, Subrogation
and Contribution Agreement in order to induce the Lenders to make Loans and the
Issuing Bank to issue Letters of Credit. Pursuant to Section 5.11 of the Credit
Agreement, certain Subsidiaries of JCSA and DCJ are required to become parties
to the Mexican Subsidiary Guarantee Agreement and this Agreement. Section 12 of
the Indemnity, Subrogation and Contribution Agreement provides that additional
Subsidiaries of JCSA and DCJ may become Guarantors under the Indemnity,
Subrogation and Contribution Agreement by execution and delivery of an
instrument in the form of this Supplement. The undersigned Subsidiary of JCSA or
DCJ, as the case may be (the "New Guarantor"), is executing this Supplement in
accordance with the requirements of the Credit Agreement to become a Guarantor
under the Indemnity, Subrogation and Contribution Agreement in order to induce
the Lenders to make additional Loans and the Issuing Bank to issue additional
Letters of Credit and as consideration for Loans previously made and Letters of
Credit previously issued.

         Accordingly, the Collateral Agent and the New Guarantor agree as
follows:

         SECTION 1. In accordance with Section 12 of the Indemnity, Subrogation
and Contribution Agreement, the New Guarantor by its signature below becomes a
Guarantor under

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                                                                               2

the Indemnity, Subrogation and Contribution Agreement with the same force and
effect as if originally named therein as a Guarantor and the New Guarantor
hereby agrees to all the terms and provisions of the Indemnity, Subrogation and
Contribution Agreement applicable to it as a Guarantor thereunder. Each
reference to a "Guarantor" in the Indemnity, Subrogation and Contribution
Agreement shall be deemed to include the New Guarantor. The Indemnity,
Subrogation and Contribution Agreement is hereby incorporated herein by
reference.

         SECTION 2. The New Guarantor represents and warrants to the Collateral
Agent and the other Secured Parties that this Supplement has been duly
authorized, executed and delivered by it and constitutes its legal, valid and
binding obligation, enforceable against it in accordance with its terms, except
as may be limited by applicable bankruptcy, insolvency, concurso mercantil,
fraudulent conveyance, reorganization, moratorium, or similar laws relating to
or affecting creditors' rights generally and by general equitable principles
(regardless of whether enforcement is sought in a proceeding in equity or at
law).

         SECTION 3. This Supplement may be executed by one or more parties to
this Supplement on any number of separate counterparts (including by facsimile
transmission), and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. This Supplement shall become effective
when the Collateral Agent shall have received counterparts of this Supplement
that, when taken together, bear the signatures of the New Guarantor and the
Collateral Agent.

         SECTION 4. Except as expressly supplemented hereby, the Indemnity,
Subrogation and Contribution Agreement shall remain in full force and effect.

         SECTION 5. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO
ITS PRINCIPLES OR RULES OF CONFLICTS OF LAWS TO THE EXTENT THAT THE SAME ARE NOT
MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.

         SECTION 6. Any provision of this Supplement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

         SECTION 7. All communications and notices hereunder shall be in writing
and given as provided in Section 7 of the Indemnity, Subrogation and
Contribution Agreement. All communications and notices hereunder to the New
Guarantor shall be given to it at the address set forth under its signature.

         IN WITNESS WHEREOF, the New Guarantor and the Collateral Agent have
duly executed this Supplement to the Indemnity, Subrogation and Contribution
Agreement as of the day and year first above written.

<PAGE>

                                                                               3

                                    [Name of New Guarantor],

                                       by ______________________________________
                                          Name:
                                           Title:
                                           Address:

                                    CREDIT SUISSE FIRST BOSTON, acting
                                    through its Cayman Islands branch, as
                                    Collateral Agent,

                                       by ______________________________________
                                          Name:
                                           Title:
                                           Address:

                                       by ______________________________________
                                          Name:
                                           Title:
                                           Address:

<PAGE>

                                                                      SCHEDULE I
                                          to Supplement No.___ to the Indemnity,
                                          Subrogation and Contribution Agreement

                                   Guarantors

Name                                      Address<PAGE>

                                                                     EXHIBIT 4.3

                                                                  EXECUTION COPY

                                    JCI GUARANTEE AGREEMENT dated as of May 20,
                           2003, between JAFRA COSMETICS INTERNATIONAL, INC., a
                           Delaware corporation (the "Guarantor"), and CREDIT
                           SUISSE FIRST BOSTON, a bank organized under the laws
                           of Switzerland, acting through its Cayman Islands
                           branch, as collateral agent (the "Collateral Agent")
                           for the Secured Parties (as defined in the Credit
                           Agreement referred to below).

         Reference is made to the Credit Agreement dated as of May 20, 2003 (as
amended, supplemented or otherwise modified from time to time, the "Credit
Agreement"), among Jafra Worldwide Holdings (Lux) S.AR.L., a Luxembourg societe
a responsabilite limitee, the Guarantor, Distribuidora Comercial Jafra, S.A. de
C.V., a sociedad anonima de capital variable organized under the laws of the
United Mexican States ("DCJ" and, together with the Guarantor, the "Borrowers"),
the lenders from time to time party thereto (the "Lenders"), the Issuing Bank
(as defined therein) and Credit Suisse First Boston, as administrative agent for
the Lenders (in such capacity, the "Administrative Agent"), as swingline lender
and as Collateral Agent. Capitalized terms used herein and not defined herein
shall have the meanings assigned to such terms in the Credit Agreement.

         The Lenders have agreed to make Loans to the Borrowers and the Issuing
Bank has agreed to issue Letters of Credit for the account of the Borrowers
pursuant to, and upon the terms and subject to the conditions specified in, the
Credit Agreement. The Guarantor acknowledges that it will derive substantial
benefit from the making of the Loans by the Lenders and the issuance of the
Letters of Credit by the Issuing Bank. The obligations of the Lenders to make
Loans and of the Issuing Bank to issue Letters of Credit are conditioned on,
among other things, the execution and delivery by the Guarantor of a Guarantee
Agreement in the form hereof. As consideration therefor and in order to induce
the Lenders to make Loans and the Issuing Bank to issue Letters of Credit, the
Guarantor is willing to execute this Agreement.

         Accordingly, the parties hereto agree as follows:

         SECTION 1. Guarantee. The Guarantor unconditionally guarantees, as a
primary obligor and not merely as a surety, all obligations of DCJ:

                  (a) under the Credit Agreement, including (a) the due and
         punctual payment of (i) the principal of and premium, if any, and
         interest (including interest accruing at the applicable rate provided
         in the Credit Agreement during the pendency of any bankruptcy,
         insolvency, receivership or other similar proceeding, regardless of
         whether allowed or allowable in such proceeding) on the Loans to DCJ,
         when and as due, whether at maturity, by acceleration, upon one or more
         dates set for prepayment or otherwise, (ii) each payment required to be
         made by DCJ under the Credit Agreement in respect of any Letter of
         Credit, when and as due, including payments in respect of reimbursement
         of disbursements and interest thereon and (iii) all other monetary
         obligations, including fees, costs, expenses and indemnities, whether
         direct, contingent, fixed or otherwise (including monetary obligations
         incurred during the pendency of any bankruptcy, insolvency,
         receivership or other similar proceeding, regardless of whether allowed
         or allowable in such proceeding), of DCJ to the Secured Parties under
         the Credit Agreement and the other Loan Documents;

<PAGE>

                                                                               2

                  (b) for the due and punctual performance of all covenants,
         agreements, obligations and liabilities of DCJ under or pursuant to the
         Credit Agreement and the other Loan Documents;

                  (c) unless otherwise agreed upon in writing by the
         counterparty thereto, for the due and punctual payment and performance
         of all obligations of DCJ, monetary or otherwise, under each Hedging
         Agreement entered into with a counterparty (whether or not a Lender or
         an Affiliate thereof); and

                  (d) for the due and punctual payment and performance of all
         guarantee obligations of DCJ referred to in Section 6.01(d)(ii) of the
         Credit Agreement as to which any Lender or any Affiliate thereof is
         originally a beneficiary (all the monetary and other obligations
         referred to in the preceding clauses (a) through (d) being collectively
         called the "Obligations");

provided, however, that no legal proceedings or other remedial actions to
enforce the guarantee of the Obligations hereunder may be initiated or taken
until the earlier to occur of (a) 30 days after written demand for payment or
performance thereof has been made by the Collateral Agent to the Guarantor and
(b) an event specified in Section 7.01 of the Credit Agreement with respect to
the Guarantor.

         The Guarantor further agrees that the Obligations may be extended or
renewed, in whole or in part, without notice to or further assent from it, and
that it will remain bound upon its guarantee notwithstanding any extension or
renewal of any Obligation.

         SECTION 2. Obligations Not Waived. To the fullest extent permitted by
applicable law, the Guarantor waives presentment to, demand of payment from and
protest to DCJ of any of the Obligations, and also waives notice of acceptance
of its guarantee and notice of protest for nonpayment. To the fullest extent
permitted by applicable law, the obligations of the Guarantor hereunder shall
not be affected by (a) the failure of the Collateral Agent or any other Secured
Party to assert any claim or demand or to enforce or exercise any right or
remedy against DCJ or any other guarantor of the Obligations under the
provisions of the Credit Agreement, any other Loan Document or otherwise, (b)
any rescission, waiver, amendment or modification of, or any release from any of
the terms or provisions of this Agreement, any other Loan Document, any
Guarantee or any other agreement, including with respect to any other guarantor
of the Obligations or (c) the failure to perfect any security interest in, or
the release of, any of the security held by or on behalf of the Collateral Agent
or any other Secured Party.

         SECTION 3. Security. The Guarantor authorizes the Collateral Agent, for
the ratable benefit of the Secured Parties, to (a) take and hold security
pursuant to the terms of the Credit Agreement, the Pledge Agreement and the
other Security Documents for the payment of this guarantee and the Obligations
and exchange, enforce, waive and release any such security, (b) apply such
security and direct the order or manner of sale thereof pursuant to the terms of
the Credit Agreement, the Pledge Agreement and the other Security Documents and
(c) release or substitute any one or more endorsees, other guarantors or other
obligors.

         SECTION 4. Guarantee of Payment. The Guarantor further agrees that its
guarantee constitutes a guarantee of payment when due and not of collection, and
waives any right to require that any resort be had by the Collateral Agent or
any other Secured Party to any of the security held for payment of the
Obligations or to any balance of any deposit account or credit on the books of
the Collateral Agent or any other Secured Party in favor of DCJ or any other
Person.

<PAGE>

                                                                               3

         SECTION 5. No Discharge or Diminishment of Guarantee. The obligations
of the Guarantor hereunder shall not be subject to any reduction, limitation,
impairment or termination for any reason (other than the performance or payment
in full of the Obligations, as the case may be), including any claim of waiver,
release, surrender, alteration or compromise of any of the Obligations, and
shall not be subject to any defense or set off, counterclaim, recoupment or
termination whatsoever by reason of the invalidity, illegality or
unenforceability of the Obligations or otherwise. Without limiting the
generality of the foregoing, the obligations of the Guarantor hereunder shall
not be discharged or impaired or otherwise affected by the failure of the
Collateral Agent or any other Secured Party to assert any claim or demand or to
enforce any remedy under the Credit Agreement, any other Loan Document or any
other agreement, by any waiver or modification of any provision of any thereof,
by any default, failure or delay, wilful or otherwise, in the performance of the
Obligations, or by any other act or omission that may or might in any manner or
to any extent vary the risk of the Guarantor or that would otherwise operate as
a discharge of the Guarantor as a matter of law or equity (other than the
performance or payment in full of all the Obligations, as the case may be).

         SECTION 6. Defenses of DCJ Waived. To the fullest extent permitted by
applicable law, the Guarantor waives any defense based on or arising out of any
defense of DCJ or the unenforceability of the Obligations or any part thereof
from any cause, or the cessation from any cause of the liability of DCJ, other
than the performance or payment in full of the Obligations then due and owing.
The Collateral Agent, for the ratable benefit of the Secured Parties, may, at
its election, foreclose on any security held by one or more of them by one or
more judicial or nonjudicial sales, accept an assignment of any such security in
lieu of foreclosure, compromise or adjust any part of the Obligations, make any
other accommodation with DCJ or any other guarantor or exercise any other right
or remedy available to them against DCJ or any other guarantor, without
affecting or impairing in any way the liability of the Guarantor hereunder
except to the extent the Obligations then due and owing have been fully paid.

         SECTION 7. Agreement to Pay; Subrogation. In furtherance of the
foregoing and not in limitation of any other right that the Collateral Agent or
any other Secured Party has at law or in equity against the Guarantor by virtue
hereof, upon the failure of DCJ or any other Loan Party to pay any Obligation
when and as the same shall become due, whether at maturity, by acceleration,
after notice of prepayment or otherwise, the Guarantor hereby promises to and
will forthwith pay, or cause to be paid, to the Collateral Agent the amount of
such unpaid Obligations. Upon payment by the Guarantor of any sums to the
Collateral Agent as provided above, all rights of the Guarantor against DCJ
arising as a result thereof by way of right of subrogation, contribution,
reimbursement, indemnity or otherwise shall in all respects be subordinate and
junior in right of payment to the prior payment in full of all the Obligations.
If any amount shall erroneously be paid to the Guarantor on account of such
subrogation, contribution, reimbursement, indemnity or similar right, such
amount shall be held in trust for the benefit of the Secured Parties and shall
forthwith be paid to the Collateral Agent to be credited against the payment of
the Obligations, whether matured or unmatured, in accordance with the terms of
the Loan Documents.

         SECTION 8. Information. The Guarantor assumes all responsibility for
being and keeping itself informed of DCJ's financial condition and assets, and
of all other circumstances bearing upon the risk of nonpayment of the
Obligations and the nature, scope and extent of the risks that the Guarantor
assumes and incurs hereunder, and agrees that none of the Collateral Agent or
the other Secured Parties will have any duty to advise the Guarantor of
information known to it or any of them regarding such circumstances or risks.

<PAGE>

                                                                               4

         SECTION 9. Termination. The Guarantee made hereunder (a) shall
terminate when all the Obligations have been paid in full and the Lenders have
no further commitment to lend under the Credit Agreement, the L/C Exposure has
been reduced to zero and the Issuing Bank has no further obligation to issue
Letters of Credit under the Credit Agreement and (b) shall continue to be
effective or be reinstated, as the case may be, if at any time payment, or any
part thereof, of any Obligation is rescinded or must otherwise be restored by
any Secured Party or the Guarantor upon the bankruptcy or reorganization of DCJ,
the Guarantor or otherwise.

         SECTION 10. Binding Agreement; Assignments. Whenever in this Agreement
any of the parties hereto is referred to, such reference shall be deemed to
include the successors and assigns of such party; and all covenants, promises
and agreements by or on behalf of the Guarantor that are contained in this
Agreement shall bind and inure to the benefit of each party hereto and their
respective successors and assigns. This Agreement shall become effective when a
counterpart hereof executed on behalf of the Guarantor shall have been delivered
to the Collateral Agent and a counterpart hereof shall have been executed on
behalf of the Collateral Agent, and thereafter shall be binding upon the
Guarantor and the Collateral Agent and their respective successors and assigns,
and shall inure to the benefit of the Guarantor, the Collateral Agent and the
other Secured Parties, and their respective successors and assigns, except that
the Guarantor shall not have the right to assign its rights or obligations
hereunder or any interest herein except with the written consent of the
Collateral Agent (and any such attempted assignment shall be void).

         SECTION 11. Waivers; Amendment. (a) No failure or delay of the
Collateral Agent in exercising any power or right hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any such right or
power, or any abandonment or discontinuance of steps to enforce such a right or
power, preclude any other or further exercise thereof or the exercise of any
other right or power. The rights and remedies of the Collateral Agent hereunder
and of the other Secured Parties under the other Loan Documents are cumulative
and are not exclusive of any rights or remedies that they would otherwise have.
No waiver of any provision of this Agreement or consent to any departure by the
Guarantor therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) below, and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given. No
notice or demand on the Guarantor in any case shall entitle the Guarantor to any
other or further notice or demand in similar or other circumstances.

         (b) Neither this Agreement nor any provision hereof may be waived,
amended or modified except pursuant to a written agreement entered into between
the Guarantor and the Collateral Agent, with the prior written consent of the
Required Lenders (except as otherwise provided in the Credit Agreement).

         SECTION 12. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK,
WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICTS OF LAWS TO THE
EXTENT THAT THE SAME ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.\

<PAGE>

                                                                               5

         SECTION 13. Notices. All communications and notices hereunder shall be
in writing (including by facsimile transmission) and given as provided in
Section 9.02 of the Credit Agreement.

         SECTION 14. Survival of Agreement. All covenants and agreements made by
the Guarantors herein shall survive the making by the Lenders of the Loans and
the issuance of the Letters of Credit by the Issuing Bank.

         SECTION 15. Counterparts. This Agreement may be executed in
counterparts, each of which shall constitute an original, but all of which when
taken together shall constitute a single contract, and shall become effective as
provided in Section 10. Delivery of an executed signature page to this Agreement
by facsimile transmission shall be as effective as delivery of a manually
executed counterpart of this Agreement.

         SECTION 16. Rules of Interpretation. The rules of interpretation
specified in Section 1.02 of the Credit Agreement shall be applicable to this
Agreement.

         SECTION 17. Integration. This Agreement represents the agreement
between the parties with respect to the subject matter hereof, and there are no
promises, undertakings, representations or warranties by any of the parties
hereto relative to the subject matter hereof not expressly set forth or referred
to herein or in the other Loan Documents.

<PAGE>

                                                                               6

         IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the day and year first above written.

                                        JAFRA COSMETICS INTERNATIONAL, INC.,
                                        as Guarantor,

                                           By: /s/  Ralph S. Mason, III
                                               -------------------------------
                                               Name: Ralph S. Mason, III
                                               Title: Executive Vice President

                                        CREDIT SUISSE FIRST BOSTON, acting
                                        through its Cayman Islands branch, as
                                        Collateral Agent,

                                           By: /s/  Karl M. Studer
                                               -------------------------------
                                               Name: Karl M. Studer
                                               Title: Director

                                           By: /s/  Jay Chall
                                               -------------------------------
                                               Name: Jay Chall
                                               Title: Director

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