<PAGE>

                                                                   EXHIBIT 10.30

                                                                       Execution

                               AMENDMENT NO. 3 TO
                      AMENDED AND RESTATED CREDIT AGREEMENT

      AMENDMENT ("Amendment No. 3") dated as of November 20, 2000 by and among
dELiA*s Group Inc., a Delaware corporation, formerly known as dELiA Inc.
("dELiA*s"), the Subsidiaries of dELiA*s set forth on Schedule 1 attached hereto
(each individually, an "Existing Borrower" and collectively with dELiA*s,
"Existing Borrowers"), dELiA*s Corp., a Delaware corporation, formerly known as
iTurf, Inc. ("Parent"), its wholly owned subsidiary, iTurf Finance Company
("iFC", and together with Parent, each individually a "New Borrower",
collectively with Parent, "New Borrowers", and collectively with Parent and
Existing Borrowers, "Borrowers") and Congress Financial Corporation, a Delaware
corporation ("Lender").

                               W I T N E S S E T H

      WHEREAS, Existing Borrowers and Lender have entered into financing
arrangements pursuant to which Lender has made and may make loans and advances
and provide other financial accommodations to Existing Borrowers as set forth in
the Amended and Restated Credit Agreement, dated April 28, 2000, by and among
Lender and Existing Borrowers, as amended by Amendment No. 1 to Amended and
Restated Credit Agreement, dated as of July 31, 2000, by and among Existing
Borrowers and Lender and Amendment No. 2 to Amended and Restated Credit
Agreement, dated as of November 10, 2000, by and among Existing Borrowers and
Lender (as amended hereby and as the same may hereafter be further amended,
modified, supplemented, extended, renewed, restated or replaced, the "Credit
Agreement") and the other agreements, documents and instruments referred to
therein or at any time executed and/or delivered in connection therewith or
related thereto, including this Amendment No. 3 (all of the foregoing, including
the Credit Agreement, as the same now exist or may hereafter be further amended,
modified, supplemented, extended, renewed, restated or replaced, being
collectively referred to herein as the "Financing Agreements"); and

      WHEREAS, dELiA*s and iTurf Breakfast Corp., a Delaware corporation and a
wholly- owned subsidiary of Parent ("iTurf Merger Sub") have agreed that iTurf
Merger Sub will merge with and into dELiA*s, with dELiA*s continuing as the
surviving corporation and in connection with such merger (the "Merger"), each
shareholder of dELiA*s will receive 1.715 shares of Class A common stock of
Parent for each share of dELiA*s common stock owned by such shareholder and
dELiA*s will become a wholly-owned subsidiary of Parent, as set forth in the
Agreement and Plan of Merger, dated as of August 16, 2000, by and among Parent,
iTurf Merger Sub and dELiA*s, as amended on October 12, 2000 (the "iTurf Merger
Agreement"); and
<PAGE>

      WHEREAS, Existing Borrowers have requested that Lender consent to the
Merger and Lender has consented to the Merger as set forth in the Consent and
Escrow Agreement (as hereinafter defined); PROVIDED, THAT, Lender and Borrowers
and certain third parties have delivered the executed Amendment No. 3
Transaction Documents (as hereinafter defined) to Escrow Agent (as defined in
the Consent and Escrow Agreement) and upon the effectiveness of the Merger, all
of the Amendment No. 3 Transaction Documents, including this Amendment No. 3 (as
hereinafter defined), shall be delivered to Lender pursuant to the Consent and
Escrow Agreement;

      WHEREAS, Existing Borrowers have requested that Lender agree to certain
amendments to the Credit Agreement so that Parent and the other New Borrowers
may become Borrowers under the terms of the Credit Agreement and the other
Financing Agreements and Lender is willing to agree to such amendments, subject
to the terms and conditions contained herein.

      NOW, THEREFORE, in consideration of the mutual conditions and agreements
and covenants set forth herein, and for other good and valuable consideration,
the adequacy and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

      Section 1. DEFINITIONS

      1.1 ADDITIONAL DEFINITIONS. As used herein, the following terms shall have
the respective meanings given to them below and the Credit Agreement shall be
deemed and is hereby amended to include, in addition and not in limitation of,
each of the following definitions:

      (a) "AMENDMENT NO. 3" shall mean this Amendment No. 3 to Amended and
Restated Credit Agreement, by and among Lenders, Parent and the other Borrowers,
as the same now exists or may hereafter be further amended, modified,
supplemented, extended, renewed, restated or replaced.

      (b) "AMENDMENT NO. 3 TRANSACTION DOCUMENTS" shall mean the documents
listed on Exhibit A hereto.

      (c) "CONSENT AND ESCROW AGREEMENT" shall mean the Consent and Escrow
Agreement, dated as of November 19, 2000, by and among Lender and Borrowers with
respect to the delivery of the Amendment No. 3 Transaction Documents.

      (d) "IFC" shall mean iTurf Finance Company, a Delaware corporation, and
its successors and assigns.

      (e) "IFC CONTROL AGREEMENT" shall mean the Pledged Collateral Account
Agreement, dated on or about the date hereof, by and among iFC, Lender and Chase
H&Q, a division of Chase Securities Inc, as the same now exists or may hereafter
be amended, modified, supplemented, extended, renewed, restated or replaced.


                                        2
<PAGE>

      (f) "IFC INVESTMENT PROPERTY AGREEMENT" shall mean the Investment Property
Pledge Agreement, dated of even date herewith, by iFC in favor of Lender, as the
same now exists or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced

      (g) "ITURF MERGER AGREEMENT" shall mean the Agreement and Plan of Merger,
dated as of August 16, 2000, by and among Parent, iTurf Merger Sub and dELiA*s,
as amended on October 12, 2000, as the same now exists or may hereafter be
amended, modified, supplemented, extended, renewed, restated or replaced.

      (h) "ITURF MERGER SUB" shall mean iTurf Breakfast Corp., a Delaware
corporation, and its successors and assigns.

      (i) "MERGER" shall mean the merger of iTurf Merger Sub with and into
dELiA*s with dELiA*s as the surviving corporation pursuant to the terms of the
iTurf Merger Agreement.

      (j) "MERGER AGREEMENTS" shall mean, collectively, the following (as the
same now exist or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced): (i) the iTurf Merger Agreement, (ii) the
Certificate of Merger filed with the Delaware Secretary of State with respect to
the Merger and (iii) all other agreements, documents and instruments related to,
and delivered in connection with, the Merger and the iTurf Merger Agreement.

      (k) "MERGER EFFECTIVE TIME" shall mean the effective time of the Merger as
defined in the iTurf Merger Agreement as in effect on the date hereof.

      (l) "NEW BORROWERS" shall mean, collectively, Parent and iFC; sometimes
being referred to herein, individually, as a "New Borrower".

      (m) "NEW BORROWER SUPPLEMENTAL AGREEMENTS" shall mean, collectively, the
following (as the same now exist or may hereafter be amended, modified,
supplemented, extended, renewed, restated or replaced): (i) the iFC Investment
Property Pledge Agreement, (ii) the iFC Control Agreement, (iii) the Parent
Intellectual Property Security Agreement, (iv) UCC-1 financing statements by and
between each New Borrower, as debtor and Lender, as secured party and (v) such
other agreements, documents and instruments as Lender may require.

      (n) "PARENT" shall mean dELiA*s Corp., a Delaware corporation, formerly
known as iTurf Inc, and its successors and assigns.

      (o) "PARENT INTELLECTUAL PROPERTY SECURITY AGREEMENT" shall mean the
Intellectual Property Security Agreement, dated of even date herewith, by Parent
in favor of Lender, as the same now exists or may hereafter be amended,
modified, supplemented, extended, renewed, restated, or replaced.


                                        3
<PAGE>

      (p) "PARENT PLEDGE AGREEMENT" shall mean the Pledge Agreement, dated of
even date herewith, by Parent in favor of Lender, as the same now exists or may
hereafter be amended, modified, supplemented, extended, renewed, restated or
replaced.

      (q) "SECOND NOTE" shall mean the Second Amended and Restated Promissory
Note, dated of even date herewith, issued by Parent and the other Borrowers in
favor of Lender in the original principal amount of $25,000,000, as the same now
exists or may hereafter be amended, modified, supplemented, extended, renewed,
restated or replaced.

      1.2 AMENDMENTS TO DEFINITIONS.

      (a) The definition of the term "Adjusted Net Worth" set forth as in the
Credit Agreement is hereby amended to delete the last sentence thereof in its
entirety.

      (b) The definitions of the term "Borrower" and "Borrowers" set forth in
the Credit Agreement are hereby amended to include, in addition and not in
limitation, the New Borrowers, as such term is defined herein, within such
definitions.

      (c) The definition of the term "dELiA*s" set forth in the Credit Agreement
is hereby amended to mean dELiA*s as such term is defined herein.

      (d) The definition of the term "iTurf" set forth in the Credit Agreement
is hereby amended to mean Parent as such term is defined herein.

      (e) The definition of the term "Change of Control" set forth in the Credit
Agreement is hereby amended to mean (i) if any person or group within the
meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended
(the "1934 Act"), and the rules and regulations promulgated thereunder (other
than Stephen I. Kahn and Christopher C. Edgar or any group within the meaning of
Section 13(d)(3) of the 1934 Act of which Stephen I. Kahn is a member) shall
have beneficial ownership (within the meaning of Rule 13d-3 of the 1934 Act),
directly or indirectly, of securities of Parent (or other securities convertible
into such securities) representing twenty-five percent (25%) of the combined
voting power of all securities of Parent entitled to vote in the election of
directors (hereinafter called a "Controlling Person"); or (ii) a majority of the
Board of Directors of Parent shall cease for any reason to consist of: (A)
individuals who on the date of this Amendment No. 3 (immediately after the
Merger) were serving as directors of Parent or (B) individuals who subsequently
become members of the Board if such individual's nomination for election or
election to the board is recommended or approved by a majority of the Board of
Directors of Parent or (iii) Parent shall cease to directly and beneficially own
and control one hundred percent (100%) of the combined voting power of all
securities of dELiA*s or (iv) Parent shall cease to directly, indirectly and
beneficially own and control one hundred percent (100%) of the combined voting
power of all securities of the other Borrowers which are its Subsidiaries as of
the date hereof. For purposes of clause (i) above, a person or group shall not
be a Controlling Person if such person or group holds voting power in good faith
and not for the


                                        4
<PAGE>

purpose of circumventing this definition as an agent, bank, broker, nominee,
trustee, or holder of revocable proxies given in response to a solicitation
pursuant to the 1934 Act, for one or more beneficial owners who do not
individually, or, if they are a group acting in concert, as a group, have the
voting power specified in clause (i) above.

      (f) The definition of the term "Intellectual Property Security Agreement"
as set forth in the Credit Agreement is hereby amended to mean, collectively,
the following (as the same now exist or may hereafter be amended, modified,
supplemented, extended, renewed, restated, or replaced): (i) the Amended and
Restated Intellectual Property Security Agreement, dated April 28, 2000, by
Borrowers (other than New Borrowers) in favor of Lender and (ii) the
Intellectual Property Security Agreement, dated of even date herewith, by Parent
in favor of Lender.

      (g) The definition of the term "Interest Rate" set forth in the Credit
Agreement is hereby amended to delete each reference to "dELiA*s" in such
definition and to replace each such reference with the term "Parent".

      (h) The definition of the term "Note" set forth in the Credit Agreement is
hereby amended to mean the Second Note as such term is defined herein.

      (i) The definition of the term "Pledge Agreement" set forth in the Credit
Agreement is hereby amended to mean, collectively, the following (as the same
now exist or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced): (a) the Amended and Restated Pledge Agreement,
dated April 28, 2000, by dELiA*s in favor of Lender and (b) the Pledge
Agreement, dated of even date herewith, by Parent in favor of Lender.

      (j) The definition of the term "Restricted Payments" set forth in the
Credit Agreement is hereby amended to mean dividends, redemptions, repurchases,
and distributions of any kind in respect of Capital Stock of Parent.

      1.3 INTERPRETATION. For purposes of this Amendment, all terms used herein,
including but not limited to, those terms used and/or defined herein or in the
recitals hereto shall have the respective meanings assigned thereto in the
Credit Agreement, unless otherwise defined herein.

      Section 2. AMENDMENTS TO FINANCING AGREEMENTS.

      2.1 AMENDMENTS TO CREDIT AGREEMENT.

            (a) FINANCIAL STATEMENTS AND OTHER INFORMATION. Section 6.2(b) of
the Credit Agreement is hereby deleted in its entirety and replaced with the
following:

            "(b) Without limiting the foregoing, furnish or cause to be
      furnished to Lender, the following: (i) within forty-five (45) days after
      the end of each fiscal month until the fiscal month ending July 31, 2000
      and within thirty (30) days after


                                        5
<PAGE>

      the end of each fiscal month for each month thereafter, monthly unaudited
      consolidated financial statements and unaudited consolidating financial
      statements (including in each case balance sheets, statements of income
      and loss, statements of cash flow, and statements of shareholders'
      equity), all in reasonable detail, fairly presenting the financial
      position and the results of the operations of Parent and its Subsidiaries
      as of the end of and through such fiscal month, certified to be correct by
      the chief financial officer of Parent, subject to normal year-end
      adjustments and accompanied by a compliance certificate substantially in
      the form of Exhibit A hereto, along with a schedule in form reasonably
      satisfactory to Lender of the calculations used in determining, as of the
      end of such month, whether Borrowers were in compliance with the covenant
      set forth in Section 6.7 of this Agreement for such month (whether or not
      Borrowers are required to comply with such covenant under the terms
      thereof), and (ii) within ninety (90) days after the end of each fiscal
      year, audited consolidated financial statements and unaudited
      consolidating financial statements Parent and its Subsidiaries (including
      in each case balance sheets, statements of income and loss, statements of
      cash flow and statements of shareholders' equity), and the accompanying
      notes thereto, all in reasonable detail, fairly presenting the financial
      position and the results of the operations of Parent and its Subsidiaries
      as of the end of and for such fiscal year, together with the unqualified
      opinion of independent certified public accountants, which accountants
      shall be an independent accounting firm selected by Parent and reasonably
      acceptable to Lender, that such financial statements have been prepared in
      accordance with GAAP, and present fairly the results of operations and
      financial condition of Parent and its Subsidiaries as of the end of and
      for the fiscal year then ended."

            (b) ADJUSTED NET WORTH. Section 6.7 of the Credit Agreement is
hereby deleted in its entirety and replaced with the following:

            "6.7 ADJUSTED NET WORTH. At any time Excess Availability is less
      than $6,500,000, maintain at all times, an Adjusted Net Worth of Parent
      and its consolidated Subsidiaries of not less than $15,000,000."

            (c) MANAGEMENT CHANGES. Section 6.9 of the Credit Agreement is
hereby deleted in its entirety and replaced with the following:

            "6.9 MANAGEMENT CHANGES. Notify Lender in writing within ten (10)
      Business Days after the death, disability, dismissal or voluntary
      resignation of any of Parent's senior executive officers."

            (d) TRANSACTIONS AMONG AFFILIATES. Section 6.10 of the Credit
Agreement is hereby amended to delete the last sentence thereof.


                                        6
<PAGE>

            (e) FURTHER ASSURANCES. Section 6.12 of the Credit Agreement is
hereby amended by deleting the reference to "dELiA*s" in the second sentence
thereof and replacing it with the term "Parent".

            (f) CONDUCT OF BUSINESS. Section 6.15 of the Credit Agreement is
hereby deleted in its entirety and replaced with the following:

            "6.15 CONDUCT OF BUSINESS. Continue to conduct its business(es)
      principally in retailing, direct marketing and online services, PROVIDED,
      THAT, (a) as of the date hereof, dELiA*s is a holding company whose assets
      consist of Capital Stock of the other Borrowers (other than the New
      Borrowers) and the assets related thereto, (b) dELiA*s Properties Inc. is
      not engaged in and does not conduct any business or commercial activity
      and does not own or hold any assets or properties other than certain
      trademarks as indicated on Exhibit A to the Intellectual Property Security
      Agreement, (c) dELiA*s Foreign Sales Corporation is not engaged in and
      does not conduct any business or commercial activity and does not own or
      hold any assets or properties, and (d) the business currently being
      conducted by Screeem! Inc. is being wound down and/or transferred to
      dELiA*s Retail Company, PROVIDED, THAT, once each month Borrowers shall
      notify Lender in writing of the transfer of any material assets by
      category or type (including any retail store location and the leasehold
      with respect thereto) from Screeem! Inc. to dELiA*s Retail Company."

            (g) LOANS. Section 7.3 of the Credit Agreement is hereby deleted in
its entirety and replaced with the following:

            "7.3 LOANS. Make any loans or advances to others, other than (a)
      investments and advances permitted by Section 7.8 hereof and (b) loans or
      advances to employees of Borrowers not to exceed in the aggregate
      $350,000."

            (h) RESTRICTED PAYMENTS. Section 7.6(b) of the Credit Agreement is
hereby deleted in its entirety and replaced with the following:

            "(b) Parent may repurchase Capital Stock of the Parent for cash
      consideration and may make payments with respect to stock option plans and
      stock appreciation rights programs of Parent and repurchase options for
      common stock upon the termination of employment, death, permanent
      disability or retirement of its employees, management or consultants,
      PROVIDED, THAT, as to any such repurchase, each of the following
      conditions is satisfied: (i) as of the date of the payment for such
      repurchase and after giving effect thereto, no Default or Event of Default
      shall exist or have occurred and be continuing, (ii) such repurchase shall
      be paid with funds legally available therefor, (iii) such repurchase shall
      not violate any law or regulation or the terms of any indenture, agreement
      or undertaking to which Parent is a party or by which Parent or its
      property are bound, (iv) the aggregate amount of all payments for such
      repurchase in any fiscal year shall not


                                        7
<PAGE>

      exceed $2,000,000, and (v) as of the date of such repurchase and after
      giving effect thereto, Excess Availability shall be not less than
      $5,000,000 and for each of the thirty (30) consecutive days immediately
      prior to any such repurchase, Excess Availability shall have been not less
      than $5,000,000."

            (i) TRANSFER OF ASSETS; MERGER; LIQUIDATION.

                  (i) Section 7.7(b)(vii) of the Credit Agreement is hereby
deleted in its entirety and replaced with the following:

            "(vii) the issuance of Capital Stock of Parent consisting of common
      stock pursuant to any stock option plan for the benefit of its employees,
      directors and consultants, PROVIDED, THAT, (A) in no event shall Parent be
      required to issue, or shall Parent issue, Capital Stock pursuant to such
      stock option plan if it would result in a Change of Control or other Event
      of Default and (B) Borrowers shall give Lender prior written notice of the
      terms of such stock option plan and such other information with respect
      thereto as Lender may from time to time reasonably request,"

                  (ii) Section 7.7(b)(ix) of the Credit Agreement is hereby
deleted in its entirety and replaced with the following: "intentionally
omitted."

                  (iii) Section 7.7(b)(x) of the Credit Agreement is hereby
deleted in its entirety and replaced with the following: "intentionally
omitted."

            (j) SCHEDULES. The existing schedules to the Credit Agreement are
hereby replaced by the Schedules constituting in Exhibit B to this Amendment No.
3 and all references to such schedules in the Credit Agreement or any of the
other Financing Agreements shall refer to such schedules as so replaced.

      2.2 AMENDMENT TO FEE LETTER. The Fee Letter shall be amended to delete the
reference to "$25,000,000" in the third line of Section 3 thereof and replace it
with "$20,000,000".

      2.3 AMENDMENT TO SECURITY AGREEMENT. The Security Agreement Questionnaire
attached as Exhibit A to the Amended and Restated Security Agreement, dated
April 28, 2000, by Borrowers in favor of Lender, is hereby superseded and
replaced in its entirety by the Revised Security Agreement Questionnaire
constituting Exhibit C to this Amendment No. 3.

      Section 3. ASSUMPTION BY NEW BORROWERS OF OBLIGATIONS AND FINANCING
AGREEMENTS. Each New Borrower hereby expressly:

      3.1 assumes and agrees to be directly liable to Lender, jointly and
severally with the other Borrowers, for all Obligations under, contained in, or
arising pursuant to the Credit Agreement or


                                        8
<PAGE>

any of the other Financing Agreements applicable to any or all Borrowers and as
applied to such New Borrower as a Borrower,

      3.2 agrees to perform, comply with and be bound by all terms, conditions
and covenants of the Credit Agreement and the other Financing Agreements
applicable to any or all Borrowers and as applied to such New Borrower, with the
same force and effect as if such New Borrower had originally executed and been
an original Borrower party signatory to the Credit Agreement and the other
Financing Agreements,

      3.3 is deemed to make as of the date hereof, and is, in all respects,
bound by all representations and warranties made by the other Borrowers to
Lender set forth in the Credit Agreement or in any of the other Financing
Agreements, and

      3.4 agrees that Lender shall have all rights, remedies and interests,
including security interests in and to the Collateral granted pursuant to
Section 4 hereof, the Credit Agreement and the other Financing Agreements, with
respect to such New Borrower and its properties and assets with the same force
and effect as Lender has with respect to the other Borrowers and their assets
and properties, as if such New Borrower had originally executed and had been an
original Borrower party signatory to the Credit Agreement and the other
Financing Agreements.

      Section 4. NEW BORROWERS' COLLATERAL.

      4.1 Without limiting the provisions of Section 3 hereof, the Credit
Agreement and the other Financing Agreements, as collateral security for the
prompt payment and performance when due of all of the Obligations, each New
Borrower hereby grants to Lender, a continuing security interest in, and lien
upon, and rights of setoff against, and each New Borrower hereby pledges and
assigns to Lender, all now owned and hereafter acquired and arising assets and
properties of such New Borrower, all of which shall be included in the
definition of Collateral as set forth in the Credit Agreement, including without
limitation, the following:

            (a) all presently owned and hereafter acquired accounts, accounts
receivable, contract rights, bills, acceptances, and other forms of obligations
arising out of the sale, lease or consignment of goods or the rendition of
services by such New Borrower, including, without limitation, credit card
receivables (collectively, "Accounts"), together with any property evidencing or
relating to the Accounts (such as guaranties, credit insurance, letters of
credit), any security for the Accounts, all Books and Records relating thereto,
and all Proceeds (as defined below) of any of the foregoing, including returned
or reclaimed inventory,

            (b) all presently owned and hereafter acquired inventory of every
nature, kind, and description, wherever located, including, without limitation,
raw materials, goods, work in process, finished goods, parts or supplies; all
goods and property held for sale or lease or to be furnished under contracts of
service; and all goods and inventory returned, reclaimed or repossessed,
together with all Proceeds of any of the foregoing,


                                        9
<PAGE>

            (c) all presently owned and hereafter acquired equipment, whether or
not affixed to realty, including, without limitation, trucks, trailers, motors,
tools, dies, parts, jigs, goods, accessories, handling and delivery equipment,
fixtures, improvements, office machines and furniture, together with all
Proceeds of any of the foregoing, and all accessions, accessories, replacements
and the rights of such New Borrower under any manufacturer's warranties relating
to the foregoing,

            (d) all presently owned and hereafter acquired chattel paper,
including, but not limited to, any writing or writings which evidence both a
monetary obligation and a security interest in or a lease of specific goods,
together with all Proceeds of any of the foregoing,

            (e) all presently owned and hereafter acquired general intangibles,
including, without limitation, any personal property, choses in action, causes
of action, designs, plans, goodwill, tax refunds, licenses, franchises,
trademarks, trade names, service marks, rights in trademarks or service marks,
applications and registrations for trademarks or service marks, copyrights,
applications for copyrights, customer lists, patents, patent rights,
applications for patents, patentable inventions, trade secrets, know-how, all
rights under license agreements for use of the same, and the goodwill of the
business associated therewith, together with all Proceeds of any of the
foregoing,

            (f) all presently owned and hereafter acquired instruments,
including, without limitation, bills of exchange, notes, and all negotiable
instruments, all certificated securities, all certificates of deposit and any
other writing which evidences a right to the payment of money and is not itself
a security agreement or lease and is of a type which is in the ordinary course
of business transferred by delivery with any necessary endorsement or
assignment, together with all Proceeds of any of the foregoing,

            (g) all presently owned and hereafter acquired documents, including,
but not limited to, documents of title (as that term is defined in the Uniform
Commercial Code) and any and all receipts, including, but not limited to,
receipts of the kind described in Article 7 of the Uniform Commercial Code,
together with all Proceeds of any of the foregoing,

            (h) all presently owned and hereafter acquired securities (whether
held directly or indirectly), securities entitlements and other financial
assets, however held, including any rights, title or interest in or to any
securities, commodities, custodial or brokerage accounts or contracts, together
with all Proceeds of any of the foregoing,

            (i) all presently owned and hereafter acquired letters of credit,
including, but not limited to, any written undertaking to pay money conditioned
upon presentation of specified documents, and advices of letters of credit,
together with all Proceeds of any of the foregoing, and

            (j) all presently owned and hereafter acquired proceeds, as that
term is defined in the Uniform Commercial Code (collectively, "Proceeds"),
including, without limitation, whatever is


                                       10
<PAGE>

received upon the use, lease, sale, exchange, collection, any other utilization
or any disposition of any of the Collateral, whether cash or non-cash, all
rental or lease payments, accounts, chattel paper, instruments, documents,
contract rights, general intangibles, equipment, inventory, substitutions,
additions, accessions, replacements, products, and renewals of, for, or to such
property and all insurance therefor.

      4.2 Notwithstanding the foregoing, if the grant of a security interest in
a lease or the exercise of remedies hereunder with respect thereto would cause
such lease to be in default, then such lease shall not be included as Collateral
hereunder until such lease has been amended or a consent obtained to permit such
action.

      Section 5. ACKNOWLEDGMENT.

      5.1 Each Borrower hereby acknowledges, confirms and agrees that as of the
date hereof, Borrowers (including New Borrowers) are jointly and severally
indebted to Lender, as of the opening of business on November 20, 2000, for
Loans to Borrowers under the Credit Agreement in the aggregate principal amount
of $9,955,994.51, together with all interest accrued and accruing thereon, and
for Letter of Credit Accommodations under the Credit Agreement in the aggregate
amount of $4,978,866.87, and all costs, expenses and other charges now or
hereafter owed by Borrowers to Lender in accordance with the Credit Agreement,
in each case without offset, defense or counterclaim of any kind, nature or
description whatsoever and all of which are, subject to the terms of the Credit
Agreement, unconditionally owing by Borrowers to Lender.

      5.2 Each Borrower hereby acknowledges, confirms and agrees that its joint
and several liability for the Obligations of the other Borrowers to Lender as
set forth in the Credit Agreement is in full force and effect as of the date
hereof, and its respective obligations thereunder are, subject to the terms of
the Credit Agreement, unconditionally owing to Lender, without offset, defense
or counterclaim of any kind, nature or description whatsoever.

      5.3 Each Borrower hereby acknowledges, confirms and agrees that
contemporaneously with the Merger, at the Merger Effective Time:

            (a) dELiA*s, as survivor pursuant to the Merger, shall continue to
be and shall be directly and primarily liable in all respects for the
Obligations;

            (b) the joint and several liability of the Borrowers shall continue
to be and shall be in full force and effect;

            (c) the security interests in and liens upon the assets and
properties of each Borrower in favor of Lender shall continue upon such assets
and properties and the security interests in and liens upon the assets and
properties of dELiA*s in favor of Lender shall continue upon such assets and
properties to which dELiA*s shall succeed pursuant to the Merger and such
security interests and liens and their perfection and priority shall continue in
all respects in full force and effect; and


                                       11
<PAGE>

            (d) without limiting the generality of the foregoing, the Merger
shall in no way limit, impair or adversely affect the Obligations howsoever
arising, or any security interest or liens securing the same.

      Section 6. REPRESENTATIONS AND WARRANTIES. In addition to the continuing
representations, warranties and covenants heretofore or hereafter made by
Borrowers to Lender pursuant to the other Financing Agreements, each Borrower
(including each New Borrower), jointly and severally, hereby represents,
warrants and covenants with and to Lender as follows (which representations,
warranties and covenants are continuing and shall survive the execution and
delivery hereof and shall be incorporated into and made a part of the Financing
Agreements):

      6.1 MERGER.

            (a) The Merger is valid and effective in accordance with the terms
of the Merger Agreements, and the Delaware General Corporation Law and dELiA*s
is the surviving corporation pursuant to the Merger. Effective as of the date
hereof: (i) Parent has changed its name from iTurf Inc. to dELiA*s Corp. and
(ii) dELiA*s has changed its name from dELiA*s Inc. to dELiA*s Group Inc.

            (b) All actions and proceedings required by the Merger Agreements,
applicable law and regulation (including, but not limited to, compliance with
the Hart-Scott-Rodino Anti-Trust Improvements Act of 1976, as amended) have been
taken and the transactions required thereunder had been duly and validly taken
and consummated.

            (c) No court of competent jurisdiction has issued any injunction,
restraining order or other order which prohibits consummation of the
transactions described in the Merger Agreements and no governmental action or
proceeding has been threatened or commenced seeking any injunction, restraining
order or other order which seeks to void or otherwise modify the transactions
described in the Merger Agreements.

            (d) Borrowers have delivered, or caused to be delivered, to Lender,
true, correct and complete copies of the Merger Agreements.

      6.2 CORPORATE POWER AND AUTHORITY. This Amendment and each other agreement
or instrument to be executed and delivered by each Borrower have been duly
authorized, executed and delivered by all necessary action on the part of such
Borrower which is a party hereto and thereto and, if necessary, its
stockholders, and is in full force and effect as of the date hereof, as the case
may be, and the agreements and obligations of each Borrower contained herein and
therein constitute legal, valid and binding obligations of such Borrower
enforceable against it in accordance with their terms.

      6.3 CONSENTS; APPROVALS. No action of, or filing with, or consent of any
Governmental Authority, other than the filing of UCC financing statements, and
no approval or consent of any


                                       12
<PAGE>

other party, is required to authorize, or is otherwise required in connection
with, the execution, delivery and performance of this Amendment.

      6.4 NO EVENT OF DEFAULT. As of the date hereof, and after giving effect to
the provisions of this Amendment, no Event of Default, and no condition or event
which, with the giving of notice or lapse of time, or both, would constitute an
Event of Default, exists or has occurred and is continuing. All of the
representations and warranties set forth in the Credit Agreement and the other
Financing Agreements, each as amended hereby, are true and correct in all
material respects on and as of the date hereof as if made on the date hereof,
except to the extent any such representation or warranty is made as of a
specified date, in which case such representation or warranty shall have been
true and correct as of such date.

      6.5 CORPORATE STRUCTURE. All of the outstanding shares of Capital Stock of
dELiA*s have been duly authorized, validly issued and are fully paid and
non-assessable, free and clear of all claims, liens, pledges and encumbrances of
any kind. Parent is the beneficial and direct owner of record of one hundred
percent (100%) of the issued and outstanding shares of Capital Stock of dELiA*s.
There is no debt outstanding that is convertible into Capital Stock of dELiA*s
and there are no outstanding rights, options or warrants to acquire any Capital
Stock or debt convertible into capital stock of dELiA*s. Each direct and
indirect subsidiary of Parent is identified on Schedule 4.12 as replaced
pursuant to this Amendment No. 3, which Schedule 4.12, indicates the number of
shares and classes of the Capital Stock of each such Subsidiary and the
ownership thereof. There are no agreements or obligations of Borrowers requiring
redemption or repurchase of any of the outstanding shares of Parent or otherwise
requiring the making of any Restricted Payment.

      6.6 ACCURACY OF INFORMATION. All information furnished to Lender
concerning the financial condition of Parent and its consolidated Subsidiaries,
have been prepared in accordance with GAAP and fairly present in all material
respects the financial condition of Parent and its consolidated Subsidiaries as
of the dates and for the periods covered and discloses all liabilities of Parent
and its consolidated Subsidiaries required to be disclosed in accordance with
GAAP, and there has been no material adverse change in the financial condition
or business of Parent and its consolidated Subsidiaries taken as a whole from
the date of such statements to the date hereof, except as has been previously
disclosed to Lender in writing.

      6.7 OTHER PARENT SUBSIDIARIES. In the event that Lender has not received
evidence, in form and substance satisfactory to Lender, that TheSpark.com Inc
and OnTap.com Inc have each been liquidated and dissolved and/or substantially
all of their assets sold to the extent permitted under the Credit Agreement by
July 31, 2001, promptly upon Lender's request, Borrowers shall cause
TheSpark.com Inc and OnTap.com Inc. to execute and deliver to Lender, in form
and substance satisfactory to Lender: (a) a joinder or other amendment to the
Credit Agreement including such Subsidiaries as "Borrowers", (b) a security
agreement granting to Lender a first security interest and lien (except as
otherwise consented to in writing by Lender) upon all of the assets of such
Subsidiaries, (c) related Uniform Commercial Code Financing Statements, (d) such
other agreements, documents and instruments as Lender may require, including,
but not limited to,


                                       13
<PAGE>

supplements and amendments hereto and other instruments evidencing indebtedness
of such Subsidiary to Lender, and (e) an opinion letter of counsel with respect
to such joinders amendments, security agreements and related matters as Lender
may request.

      6.8 IFC INVESTMENT ACCOUNT. Borrowers hereby agree that, as soon as
possible but in any event prior to December 31, 2000, iFC shall (a) close its
investment account number 32-78V53-1- 4170 at Morgan Stanley & Co. Incorporated,
(b) transfer the Collateral located therein to the account of iFC at Chase H&Q
subject to the iFC Control Agreement or to another financial institution
acceptable to Lender provided that such funds are maintained in an investment
account subject to an Account Control Agreement in the form and substance
satisfactory to Lender which agreement has been duly authorized, executed and
delivered to Lender by iFC and such financial institution, and (c) deliver to
Lender an Investment Property Pledge Agreement with respect to such account
which agreement has been duly authorized, executed and delivered by iFC.

      Section 7. CONDITIONS PRECEDENT. The amendments to the Financing
Agreements in Section 2 hereof shall only be effective upon the release from
escrow of the Amendment No. 3 Transaction Documents in accordance with the terms
of the Consent and Escrow Letter Agreement and the satisfaction of each of the
following conditions precedent in a manner satisfactory to Lender:

      7.1 Lender shall have received, in form and substance satisfactory to
Lender, evidence that the Merger Agreements have been duly executed and
delivered by and to the appropriate parties thereto and the transactions
contemplated under the terms of the Merger Agreements have been consummated
prior to or contemporaneously with the execution of this Amendment No. 3,

      7.2 Lender shall have received, in form and substance satisfactory to
Lender, evidence that the Certificate of Merger with respect to the Merger has
been filed with the Secretary of State of the State of Delaware and the Merger
is valid and effective in accordance with the terms and provisions of the Merger
Agreements and the applicable corporation statutes of the State of Delaware,

      7.3 Lender shall have received, in form and substance satisfactory to
Lender, a filed copy of the Certificate of Amendment to the Certificate of
Incorporation of dELiA*s amending its name to dELiA*s Group Inc.,

      7.4 Lender shall have received, in form and substance satisfactory to
Lender, a revised Security Agreement Questionnaire with respect to Borrowers,
duly authorized, executed and delivered by Borrowers,

      7.5 Lender shall have received, in form and substance satisfactory to
Lender, each of the New Borrower Supplemental Agreements, as duly authorized,
executed and delivered by the parties thereto,


                                       14
<PAGE>

      7.6 Lender shall have received, in form and substance satisfactory to
Lender, the Second Note, as duly authorized, executed and delivered by
Borrowers,

      7.7 Lender shall have received, in form and substance satisfactory to
Lender, all consents, waivers, acknowledgments and other agreements from third
persons which Lender may deem necessary or desirable in order to permit, protect
and perfect its security interests in and liens upon the Collateral of New
Borrowers or to effectuate the provisions of this Amendment No. 3 and the other
Financing Agreements, including, without limitation, acknowledgments by lessors,
mortgagees, warehousemen and processors of Lender's security interests in the
Collateral of New Borrowers, waivers by such persons of any Liens or other
claims by such persons to the Collateral of New Borrowers and agreements
permitting Lender access to, and the right to remain on, the premises to
exercise its rights and remedies and otherwise deal with the Collateral of New
Borrowers,

      7.8 Parent shall have delivered to Lender, in form and substance
satisfactory to Lender, the Parent Pledge Agreement, and related Stock Powers,
by Parent in favor of Lender with respect to the pledge of the Capital Stock of
dELiA*s, iFC, TheSpark.com Inc. and OnTap.com Inc. by Parent to Lender, duly
authorized, executed and delivered by Parent, together with all original stock
certificates of dELiA*s, IFC, TheSpark.com Inc. and OnTap.com Inc., duly
authorized, executed and delivered by Parent,

      7.9 Lender shall have received from each New Borrower (a) a copy of the
Certificate of Incorporation of such New Borrower, and all amendments thereto,
certified by the Secretary of State of its jurisdiction of incorporation as of
the most recent practicable date certifying that each of the foregoing documents
remains in full force and effect and has not been modified or amended, except as
described therein, (b) a copy of its By-Laws, certified by the Secretary of such
New Borrower, and (c) a certificate from the Secretary of such New Borrower
dated the date hereof certifying that each of the foregoing documents remains in
full force and effect and have not been modified or amended, except as described
therein,

      7.10 Lender shall have received, in form and substance satisfactory to
Lender, from each New Borrower, Secretary's Certificates of Directors'
Resolutions, Corporate By-laws and Incumbency evidencing the adoption and
subsistence of corporate resolutions approving the execution, delivery and
performance by such New Borrower and the other Borrowers of this Amendment No. 3
and the agreements, documents and instruments to be delivered pursuant to this
Amendment No. 3,

      7.11 Lender shall have received original good standing certificates (or
its equivalent) from the Secretary of State (or comparable official) from each
jurisdiction where each New Borrower conducts business,

      7.12 Borrowers shall deliver, or cause to be delivered, to Lender a true
and correct copy of any consent, waiver or approval to or of this Amendment No.
3 and the Merger, which any


                                       15
<PAGE>

Borrower is required to obtain from any other Person, and such consent, approval
or waiver shall be in form and substance reasonably acceptable to Lender,

      7.13 Lender shall have received, in form and substance reasonably
satisfactory to Lender, such opinions of counsel to Parent and the other
Borrowers with respect to the matters contemplated by this Amendment No. 3,
addressed to Lender, as Lender shall reasonably require,

      7.14 after giving effect to the amendments provided for herein, no Event
of Default shall exist or have occurred and be continuing and no event shall
have occurred or condition be existing and continuing which, with notice or
passage of time or both, would constitute an Event of Default,

      7.15 Lender shall have received UCC, Federal and State tax lien and
judgment searches against New Borrowers in all relevant jurisdictions, as
determined by Lender,

      7.16 Lender shall have received evidence of insurance and loss payee
endorsements required under the Credit Agreement and under the other Financing
Agreements with respect to Parent and the other Borrowers, in form and substance
reasonably satisfactory to Lender, and certificates of insurance policies and/or
endorsements naming Lender as loss payee,

      7.17 Lender shall have received, in form and substance reasonably
satisfactory to Lender, an agreement from the bank at which lockboxes and
related Blocked Accounts for New Borrowers are established, providing that all
items received or deposited in the Blocked Accounts are the property of Lender,
that the depository bank has no lien upon, or right to setoff against, the
Blocked Accounts, the items received for deposit therein, or the funds from time
to time on deposit therein and that the depository bank will wire, or otherwise
transfer, in immediately available funds, on a daily basis, all funds received
or deposited into the Blocked Accounts to such bank account of Lender as Lender
may from time to time designate for such purpose, duly authorized, executed and
delivered by such bank,

      7.18 Lender shall have received, in form and substance reasonably
satisfactory to Lender, Credit Card Acknowledgments, in each case duly
authorized, executed and delivered by Credit Card Issuers and Credit Card
Processors used by Parent,

      7.19 Lender shall have received, in form and substance satisfactory to
Lender, UCC-3 amendments with respect to UCC-1 financing statements by and
between dELiA*s, as debtor and Lender, as secured party to change the debtor's
name from dELiA*s Inc. to dELiA*s Group Inc., and

      7.20 Lender shall have received an original of this Amendment No. 3, duly
authorized, executed and delivered by Borrowers, including New Borrowers.


                                       16
<PAGE>

      Section 8. ADDITIONAL EVENTS OF DEFAULT. The parties hereto acknowledge,
confirm and agree that the failure of Borrowers to comply with the covenants,
conditions and agreements contained herein, shall in each case constitute an
Event of Default under the Financing Agreements., subject to the applicable cure
period, if any, with respect thereto provided for in the Credit Agreement.

      Section 9. PROVISIONS OF GENERAL APPLICATION.

      9.1 EFFECT OF THIS AMENDMENT. Except as modified pursuant hereto, no other
changes or modifications to the Financing Agreements are intended or implied and
in all other respects the Financing Agreements are hereby specifically ratified,
restated and confirmed by all parties hereto as of the effective date hereof. To
the extent of conflict between the terms of this Amendment No. 3 and the other
Financing Agreements, the terms of this Amendment No. 3 shall control. The
Credit Agreement and this Amendment No. 3 shall be read and construed as one
agreement.

      9.2 GOVERNING LAW. The rights and obligations hereunder of each of the
parties hereto shall be governed by and interpreted and determined in accordance
with the laws of the State of New York.

      9.3 BINDING EFFECT. This Amendment No. 3 shall be binding upon and inure
to the benefit of each of the parties hereto and their respective successors and
assigns.

      9.4 COUNTERPARTS. This Amendment No. 3 may be executed in any number of
counterparts, but all of such counterparts shall together constitute but one and
the same agreement. In making proof of this Amendment No. 3, it shall not be
necessary to produce or account for more than one counterpart thereof signed by
each of the parties hereto.


                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]


                                       17
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their authorized officers as of the date and year
first above written.

                                    dELiA*s GROUP INC., formerly known as
                                    dELiA*s INC.
                                    dELiA*s DISTRIBUTION COMPANY
                                    dELiA*s FOREIGN SALES   CORPORATION
                                    dELiA*s OPERATING COMPANY
                                    dELiA*s PROPERTIES INC.
                                    dELiA*s RETAIL COMPANY
                                    SCREEEM! INC.
                                    STORYBOOK INC.
                                    TSI SOCCER CORPORATION
                                    TSI RETAIL COMPANY


                                    By: /s/ TIMOTHY B. SCHMIDT
                                        -------------------------

                                    Title: SENIOR VICE PRESIDENT
                                           -----------------------

                                    dELiA*s CORP., formerly known as iTURF, INC.
                                    iTURF FINANCE COMPANY


                                    By: /s/ DENNIS GOLDSTEIN
                                        -----------------------

                                    Title: CHIEF FINANCIAL OFFICER
                                           -------------------------

AGREED TO:

CONGRESS FINANCIAL CORPORATION


By: /s/ THOMAS A. MARTIN
   ------------------------

Title: ASSISTANT VICE PRESIDENT


                                       18
<PAGE>

                                   SCHEDULE 1

                  dELiA*s Distribution Company
                  dELiA*s Foreign Sales Corporation
                  dELiA*s Operating Company
                  dELiA*s Properties Inc.
                  dELiA*s Retail Company
                  Screeem! Inc.
                  Storybook Inc.
                  TSI Soccer Corporation
                  TSI Retail Company