FOURTH MODIFICATION OF LEASE
This Fourth Modification of Lease made as of this __ day of January. 2006 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 JEAN PHILIPPE FRAGRANCES,
LLC, having an address at 551 Fifth Avenue, New York, New York, 10176, (hereinafter referred to as the
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 and Third Modification of Lease dated June 17, 2002 (hereinafter
collectively referred to as the "Lease”) for a portion of the fifteenth (15th) floor (hereinafter referred to as the
"Current Demised Premises") in the building known as 551 Fifth Avenue, collectively known as Suite 1522, New
York, New York 10176 (hereinafter referred to as the "Building").
WHEREAS, Tenant wishes to lease additional space on the fifteenth (15th) floor, known as Suite 1502,
as more fully indicated on the attached Exhibit "A", from the Landlord (hereinafter referred to as the "Additional
Space") and Landlord is willing to lease said Additional Space to Tenant.
NOW THEREFORE. in consideration of these promises, 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. Commencing March 1, 2006
A. The Additional Space and the Current Demised Premises shall be together known as the Demised
Premises (hereinafter referred to as the "Demised Premises").
B. The billing for the Additional Space shall be separate and apart from the billing for the Current
Demised Premises and accordingly the annual rent rate for the Additional