Offer Letter, dated as of July 25, 2021, between Shimei Fan and Coty Inc

Dear Shimei,

Following our discussions, we have taken into consideration the Pandemic Context and even if your role is based in Amsterdam, a first period of employment in the United States of America (USA) is planned. As soon as possible, your employment will be transferred to the Netherlands, that should occur no later than in March 2023.

During the course your employment with Coty as Chief Sustainability Officer, your job scope will be expanded to include duties in the R&D function as Chief Scientific officer no later than November 15, 2021. This expansion of your duties in the R&D function is contingent upon you not being bound by any post-employment restrictions with any former employer that would preclude you from performing such duties.

We anticipate that your employment will start at the latest September 20, 2021. If you have not joined Coty on November 15, 2021 this offer letter will no longer be valid.

Your actual start date will be the “Effective Date”.

As of the Effective Date, a 3-month trial period will apply following the local regulations in effect.

We anticipate that your employment will be transferred to the Netherlands as soon as allowed by the Health situation’s improvement, and no later than in March 2023. Your actual relocation date will be the ‘Relocation Date’.

The exact timing of your relocation to the Netherlands is subject to the Company successfully obtaining the relevant work permit to enable you to be eligible to live and work in the Netherlands. The Effective Date will be the date used for benefit eligibility purposes in the USA, subject to local regulations. The Relocation Date will be the date used for benefit eligibility purposes in the Netherlands, subject to local regulations.

Your place of employment shall be located at Amsterdam provided, however, that during the first period of employment in the United States, your place of employment will be located in Morris Plain, New Jersey.

Your employment will be governed by the Netherlands Laws and the Collective conditions set up in Coty Management HQ, provided, however, that during the first period of employment in the United States it will be governed by the Laws of the United States.

At the time of your relocation to Amsterdam, we will compare the Dutch package with the American one to ensure that both are equivalent.

You shall receive the month following the Effective date a sign-on bonus for a gross amount of USD 200,000 subject to all applicable taxes and withholdings. If you voluntarily resign within twenty-four (24) months of the Effective Date, you will be required to reimburse the Company for the total amount of the sign-on bonus, in net of social charges and taxes.

You will be eligible to participate in Coty’s Annual Performance Plan (the “APP”) with a target award of 50% of your annual base salary. The APP is designed to forge a powerful connection between your and the business’s performance and results, and your rewards. On or around the Effective Date, you will receive further information regarding the APP. Your participation will be subject to the terms of the APP and contingent upon your entry into the attached restrictive covenant agreement. Your awards will be subject to discretionary review and approval of Coty’s Board of Directors. An APP brochure is attached for preview, Bonus is prorated vs your starting date in the company.

You will be eligible for the full annual LTI program.

From the Relocation date, you will be offered to register to the international medical plan funded by the Company for the duration of your employment in the Netherlands. Detailed information describing this plan will be provided to you by the Corporate HR team. You will be asked to formally confirm or not your enrollment in this plan, it will covered until the age of 26 with a school certificate.

Detailed information describing these programs will be provided to you by the Human Resources Department. Coty reserves the right to amend, modify or terminate any of its employee benefit plans or programs at any time and for any reason.

As of the Relocation Date, you will be provided with use of a company car or a car allowance in accordance with Coty’s policies, if you are eligible. Detailed information will be provided to you by the Human Resources Department in the Netherlands.

As of the Relocation Date, you will be eligible for vacation entitlement of 30 working days per complete year of work in line with the Netherlands.

Shipment of Household Goods: The Company will pay all reasonable costs of relocating your and your family’s household goods from Princeton (NJ) to Amsterdam using the most cost-efficient mode available. The shipment will be organized through the preferred relocation agent, as determined globally by the Company. Note that any shipment of bulky or heavy items, alcoholic beverages or items prohibited by customs, as well as pets, plants, pianos, vehicles … will not be covered by the Company.

Tax Assistance: You are personally responsible for the taxes associated with your income, and expressly exempt the Company and any related companies from any tax or related claims that may arise. The Company will make available to you, and pay the expense of a tax consultant (currently PricewaterhouseCoopers - PwC) for any reasonable tax preparation assistance required for your tax declarations in the Netherlands for the 2023 and 2024 tax years.

You will not, during your employment with Coty or at any time thereafter, directly or indirectly disclose or use, for your own benefit or the benefit of any third party, any information disclosed to or acquired, developed, learned or known by you as a result of or in connection with your employment with Coty, that is not generally known in the industry in which Coty and its affiliates are engaged or ascertained from public or published information, about Coty and its affiliates (including without limitation its business, products, processes, systems and services, in existence or under development), its customers, vendors and suppliers (“Confidential Information”). You acknowledge that, because Confidential Information is extremely valuable, Coty and its affiliates take appropriate measures to maintain its confidentiality, and that you have an obligation to safeguard and protect Confidential Information from disclosure and use. You agree not to take with you any documents, materials or things that embody or contain Confidential Information when you leave Coty, and to return all such documents, material and things to Coty prior to your departure. If you are ever asked to disclose any Confidential Information, pursuant to legal process or otherwise, you agree to contact Coty and to seek (to the extent permitted by law) Coty’s consent prior to such disclosure. These confidentiality obligations are permanent and do not lapse upon the termination of your employment with Coty.

You will be required, as a condition of employment or continued employment, to execute the attached restrictive covenant agreements (one related to your employment in the USA and the other related to your employment to the Netherlands), which sets forth a reciprocal notice period and obligations you may have with respect to confidentiality, non-competition and non- solicitation.

This letter will be governed by the laws of the Netherlands, except during the first period of employment concluded under law or the United States. Any and all rights of any applicable works council or union will be observed, and Coty will comply with applicable law and works council and collective bargaining agreements associated with your Coty employment.

Please refer to the ITP for further details.

This offer is contingent on you satisfying our background check requirement. This offer is contingent upon you not being subject to any limitation, obligation or agreement that would preclude your employment as with Coty as Chief Sustainability Officer or in any way restrict your ability to perform your duties as a Coty employee on the Effective Date.

Coty expects that you will not retain, bring with you, use or disclose any confidential or proprietary information or trade secrets of Shiseido to which you may have become privy during your employment with Shiseido. Just as Coty expects its former employees to comply with their ongoing obligations with respect to Coty confidential and proprietary information

and trade secrets, we expect –and require – that you comply with any such obligations you may owe any of your prior employers, including Shiseido.