December 30, 2010 iParty Corp. iParty Retail Stores Corp. Dedham, MA 02026 Attention: Sal Perisano, Chief Executive Officer RE: Transfer Agreement by and between Party City Corporation and iParty Corp and iParty Retail Stores Corp. Dear Mr. Perisano:Iparty Corp • March 24th, 2011 • Retail-miscellaneous shopping goods stores • New Jersey
Party City Corporation (“Party City”), iParty Corp. and iParty Retail Stores Corp. (collectively, “iParty”), hereby agree, for $10.00, and other good and valuable consideration, the receipt of which is hereby acknowledged, as follows:
SECOND AMENDMENT TO SUPPLY AGREEMENTSupply Agreement • March 24th, 2011 • Iparty Corp • Retail-miscellaneous shopping goods stores
This Second Amendment (“Amendment No. 2”) dated as of December 30, 2010, to the Supply Agreement (the “Original Agreement”) dated as of August 7, 2006, as amended by the First Amendment to the Supply Agreement dated as of June, 2007 (the “Amendment No. 1”) (the Original Agreement and Amendment No. 1, collectively, the “Agreement”), is entered into by and between Amscan Inc. (“Amscan”) and iParty Corp. (“iParty”). All defined terms in the Agreement that are referred to in this Amendment No. 2 shall have the same meaning herein unless otherwise defined herein.
