EXHIBIT A
THIRD AMENDMENT TO TAX SHARING AGREEMENT
This is the Third Amendment dated as of January 1, 2001 to the TAX
SHARING AGREEMENT entered into as of June 24, 1992 (as amended on February 28,
1995 and January 1, 1997) (as so amended, the "Agreement"), by and among MAFCO
HOLDINGS INC., a Delaware corporation ("Parent"), REVLON HOLDINGS INC., a
Delaware corporation ("Holdings"), REVLON, INC., a Delaware corporation ("Public
Co."), REVLON CONSUMER PRODUCTS CORPORATION, a Delaware corporation ("Operating
Co.") and the Subsidiaries of Public Co. that are signatories hereto
(capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to them in the Agreement).
RECITALS
The Agreement provides that Public Co. shall make certain payments in
respect of taxes to Holdings and Operating Co. and its Subsidiaries shall make
certain payments to Public Co. in respect of taxes under circumstances as
provided in the Agreement. The parties desire to amend the Agreement as set
forth herein.
AGREEMENT
For good and valuable consideration, the parties hereto agree as
follows:
1. Deletion of Section 6(c). Section 6(c) of the Agreement is hereby
deleted in its entirety.
2. This Third Amendment shall be effective as of January 1, 2001.
Except as amended by this Third Amendment, the Agreement shall remain unchanged
and in full force and effect.
IN WITNESS WHEREOF, each of the parties has caused this Third Amendment
to be executed by its respective duly authorized officer as of the date first
above written.
MAFCO HOLDINGS INC.
By: /s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Senior Vice President
REVLON HOLDINGS INC.
By: /s/ Xxxxxxx X. Dessen
Name: Xxxxxxx X. Dessen
Title: Senior Vice President
REVLON, INC.
By: /s/ Xxxxxxx X. Dessen
Name: Xxxxxxx X. Dessen
Title: Senior Vice President
REVLON CONSUMER PRODUCTS CORPORATION
By: /s/ Xxxxxxx X. Dessen
Name: Xxxxxxx X. Dessen
Title: Senior Vice President
ALMAY, INC.
XXXXXXXXXX PARFUMS LTD.
COSMETICS & MORE INC.
XXXXXXX XXXXXX INC.
NORTH AMERICA REVSALE INC.
OXFORD PROPERTIES CO.
PACIFIC FINANCE & DEVELOPMENT CORP.
PPI TWO CORPORATION
XXXXXXXX XXXXXXXXXX, LTD.
REVLON CONSUMER CORP.
REVLON GOVERNMENT SALES, INC.
REVLON INTERNATIONAL CORPORATION
REVLON PRODUCTS CORP.
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REVLON REAL ESTATE CORPORATION
RIROS CORPORATION
RIROS GROUP INC.
RIT INC.
For and on behalf of the
above-listed companies:
By: /s/ Xxxxxxx X. Dessen
Name: Xxxxxxx X. Dessen
Title: Vice President
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