REGISTERED IN MONACO ON [stamp:] April 17, 2014 F 70 Case 20 Received VAT FREE [signature] LEASE AMENDMENT

PRIOR TO THE AMENDMENT THAT IS THE SUBJECT OF THESE DOCUMENTS, THE PARTIES WERE IN AGREEMENT AS TO THE FOLLOWING:

I – Under the terms of a lease signed in Monaco on August 1, 1988, the Public Lands Administration granted “COTY LANCASTER” the right to occupy premises located on levels R+5, R+3 and R+2, and several storage areas, in addition to two unloading docks located in the “Zone F Industrial Complex”.

Under the terms of a private deed, signed in Monaco on January 25 1989, the Public Lands Administration consented to the addition of several storage facilities to the lease agreement of August 1, 1988.

Under the terms of a private deed of October 18, 1989, the Public Lands Administration granted “COTY LANCASTER” the right to occupy premises located on level R+1, an area measuring approximately 3,097.49 m².

Under the terms of a private deed of June 24, 1991, the Public Lands Administration granted it the right to add premises located on levels R+1 and R-3 of the “Zone F Industrial Complex” to the lease agreement of August 1, 1988.

Under the terms of a private deed of May 7, 1992, the Public Lands Administration renewed the lease agreement of August 1, 1988 concerning premises with a total surface area of 17,726.48 m² located in the “Zone F Industrial Complex”.

Under the terms of a private deed signed in Monaco on May 5, 1993, the Public Lands Administration and “COTY LANCASTER” agreed to modify the scheme of certain lots located on level R+1 of the “Zone F Industrial Complex”.

Under the terms of a private deed of October 26 1995, the Public Lands Administration granted “COTY LANCASTER” a precarious [short term] occupancy agreement for certain lots on level R+1 of the “Zone F Industrial Complex”.

Under the terms of a private deed of December 9, 1997, the parties agreed to the conditions of an amendment to the lease agreement of August 1, 1988, already modified by various aforementioned successive amendments, through which the Public Lands Administration proceeded to revise the charging method applied for the premises for industrial use.

For this reason, on an exceptional basis and as a gesture of goodwill, the Government of Monaco reduced the average rental rate to €85/m2/p.a. excluding tax to apply as from October 1, 2013.

It is specified that this vacating of premises for the benefit of the Public Lands Administration is taking place without any other financial trade-offs of any kind whatsoever, this having been expressly and unreservedly accepted by “COTY LANCASTER”.

THEREFORE, AN AMENDMENT IS HEREBY MADE TO THE LEASE AGREEMENT OF JANUARY 29, 2008, SIGNED BY THE PUBLIC LANDS ADMINISTRATION AND THE “LIMITED COMPANY LANCASTER”, PERTAINING TO PREMISES FOR INDUSTRIAL USE LOCATED IN THE PROPERTY NAMED AS THE “ZONE F” INDUSTRIAL COMPLEX, SITUATED AT 4/6, AVENUE ALBERT II.

In total the Monegasque S.A. [Limited Company] “COTY LANCASTER” occupies a surface area of approximately 13,643.55 m² in the “Zone F” industrial complex, at 4/6, avenue Albert II.

The new rental rate, of €85.00 m²/p.a. excluding tax, index linked to the Consumer Price Index, shall apply to the premises located on R-1, R+1, on R+2, R+3, R+5 representing a total surface area of approximately 14,800.41 m², which will be reduced to an area of 14,338.97 m² as from April 1, 2014.

As from December 1, 2014, the total surface area shall be reduced to 13,643.55 m², the area of individual lots being listed in the specifications.

This new rate shall apply retroactively as from October 1, 2013 in favor of the Monegasque Limited Company “COTY LANCASTER”.

Consequently, article four (4) of the stated lease agreement is hereby modified as follows:

Up until March 31, 2014, use of the premises, subject of this lease agreement, is granted to the CONTRACTING PARTY in return for the payment of an annual rental charge of ONE MILLION TWO HUNDRED AND FIFTY EIGHT THOUSAND AND THIRTY FOUR EUROS AND EIGHTY FIVE CENTIMES EXCLUDING TAX (€1,258,034.85 Ex-Tax), for an area of 14,800.41 m².

As from April 1, use of the premises, subject of this lease agreement, is granted to the CONTRACTING PARTY in return for the payment of an annual rental charge of ONE MILLION TWO HUNDRED AND EIGHTEEN THOUSAND EIGHT HUNDRED AND TWELVE EUROS AND FORTY FIVE CENTIMES EXCLUDING TAX (€1,218,812.45 Ex-Tax), for a surface area of 14,338.97 m².

As from December 1, 2014, use of the premises, subject of this lease agreement, is granted to the CONTRACTING PARTY in return for the payment of an annual rental charge of ONE MILLION ONE HUNDRED AND FIFTY NINE THOUSAND SEVEN HUNDRED AND ONE EUROS AND SEVENTY FIVE CENTIMES EXCLUDING TAX (€1,159,701.75 Ex-Tax).

In the event of a delay to the vacating of the premises, the CONTRACTING PARTY, irrespective of the grounds shall pay a penalty payment to the sum of €1000 per day of delay. This payment does not entitle the CONTRACTING PARTY to any security of tenure, and shall be provided in full to the LESSOR by way of compensation, without prejudice to any further claims for damages.

All clauses concerning charges and conditions, not amended by this document, remain unchanged and apply without restriction to the parties.

All costs which might arise as a result of this deed shall be paid by the CONTRACTING PARTY, which accepts liability for them.

For the purpose of this contract, the parties elect domicile in Monaco, namely:

For all disputes pertaining to these documents, that cannot be resolved by amicable agreement, the parties confer exclusive jurisdiction on the courts of MONACO, notwithstanding cases with multiple defendants or warranty disputes and to Monegasque law, which is solely applicable.

Done in Monaco,

In the offices of the Public Lands Administration,

In THREE copies, of TEN pages each,

And, after due reading, Mr. Darryl MC CALL, acting in his official capacity, has signed with Mrs. Catherine ORECCHIA-MATTHYSSENS, acting in her official capacity.

On the aforementioned days, months and years.

[signature:] D. McCall [handwritten:] 02/18/2014

[handwritten:][illegible] Global Supply Chain

Authenticated pursuant to the provisions of the Decree of March 19, 1906, as amended.