FACTORY CARD & PARTY OUTLET CORP. OPTION AGREEMENTFactory • June 14th, 2005 • Factory Card Outlet Corp • Retail-miscellaneous shopping goods stores • Delaware
Factory Card & Party Outlet Corp., a Delaware corporation (the “Company”) hereby grants to (the “Optionee”), an employee of Factory Card Outlet of America Ltd., an option (the “Option”) to purchase the number of Shares of the Company’s common stock (“Shares”), and at an Option Price, as set forth below. The Option is subject to the terms and conditions set forth in this Option Agreement, in the attached Exhibit A to this Option Agreement, and in the Factory Card & Party Outlet Corp. 2002 Stock Option Plan, as amended from time to time (the “Plan”), all of which are an integral part of this Option Agreement. You may obtain a copy of the Plan from the Company upon request. Capitalized terms used but not defined in this Option Agreement have the meaning specified in the Plan.
