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EXHIBIT 10.30

TRANSVIT MANUFACTURING CORPORATION
P. O. Box 7707
Dubai, United Arab Emirates

RE:      Line of Credit Promissory Note dated August 1, 1993, of Tristar
         Corporation (formerly Eurostar Perfumes, Inc.) payable to Transvit
         Manufacturing Corporation in the original principal amount of
         $9,000,000 (the "Note")

Gentlemen:

Tristar Corporation ("Tristar") hereby proposes that on December 11, 1996,
Transvit Manufacturing Corporation ("Transvit") purchase 666,529 shares of
Series A Convertible Preferred Stock, $.05 par value ("Preferred Stock"), of
Tristar in consideration for cancellation of all the outstanding principal
under the Note in the amount of $4,665,701.30 at December 11, 1996.

The Preferred Stock shall have the following rights and preferences:

1.       PREFERENCE.  Preferred distribution in the event of liquidation in the
         amount of $7.00 per share plus accrued and unpaid dividends.

2.       DIVIDENDS.  Cumulative preferred dividends in the amount of $0.315 per
         share (4.5%) per annum.

3.       CONVERTIBILITY.  Convertible at the option of Transvit, at any time,
         into Common Stock of Tristar at a conversion price of $7.00 per share
         with normal anti-dilution provisions and registration rights if
         converted.

4.       REDEMPTION.  Redeemable at the option of Tristar at any time, in whole
         or in part, for cash in the amount of the liquidation preference
         thereof upon 30 days written notice by Tristar to Transvit at which
         time Transvit must either present the stock for redemption or convert
         it into common stock at the $7.00 conversion price.

Please signify your agreement to the foregoing by executing the enclosed copy
of this letter in the space provided below and returning such copy to the
undersigned.


Very truly yours,


                                                   
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AGREED to this 11th day of December, 1996.

TRANSVIT MANUFACTURING CORPORATION

BY:                                                                 
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