BY AND BETWEEN THE UNDERSIGNED:
(Handwritten) Didier Sauvage
empowered to that effect, and hereinafter to be referred to within the body of this instrument under the generic
term “ the Bank” or “BNP PARIBAS”.
OF THE FIRST PART,
OF THE SECOND PART,
WHICH ORDER AND AGREE UPON THE FOLLOWING:
Upon the request of the Borrower, the Bank authorizes to him a professional Loan in the amount of
€18,000,000.00 (eighteen million euros), which shall hereinafter be referred to as the “Loan” subject to the
following SPECIFIC and GENERAL CONDITIONS.
I - SPECIFIC CONDITIONS:
I - A/ CHARACTERISTICS OF THE LOAN
ARTICLE 1 - AMOUNT AND DURATION OF THE LOAN
Amount of the Loan: €18,000,000 (Eighteen Million Euros).
Term of the Loan: 60 months from the date the funds are released (outside the period of use: from the date these
presents are signed on January 10, 2007).
ARTICLE 2 - PURPOSE OF THE LOAN
To finance the acquisition of the VAN CLEEF & ARPELS license in accordance with the indications and
justifications previous communicated to the Bank.
· BNP PARIBAS , a Corporation with capital of €1, 849 , 296 ,660, with headquarters in PARIS (75009),
16 th , on Boulevard des Italiens, registered under No. 662 042 449 - RCS Paris - with CE FR identifier
No. 76662042449, represented by their agents :
· INTER PARFUMS Company,
· a Corporation with capital of €32, 239 ,086.00, with headquarters in PARIS (75008), 4 Rond-point des
Champs Elysées , registered under No. 350 219 382 - RCS Paris, represented by Mr. Philippe BENACIN,
in his capacity as President of the Board of Directors and General Director and who hereinafter shall be
referred to within the body of this instrument under the generic term “ the Borrower ” unless he is expressly
referred to by his name.
ARTICLE 3 - METHODS OF IMPLEMENTATION OF THE LOAN
Subject to the prov