Document:

Agreement dated as of March 25, 2011

 Exhibit 10.1 
 Execution Copy 
 AGREEMENT 

This Agreement, dated as of March 25, 2011 (“Agreement”), is by and among dELiA*s, Inc., a Delaware corporation
(the “Company”), Michael Zimmerman, an individual resident of New York (“Zimmerman”), Mario Ciampi, an individual resident of New York (“Ciampi”) and the other individuals and entities that are signatories
hereto (collectively with Zimmerman and Ciampi, the “Zimmerman Group”). 
 WHEREAS, the Company and the
Zimmerman Group have determined that the interests of the Company and its stockholders would be best served by adding Michael Zimmerman and Mario Ciampi to the Board on the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the foregoing premises and the respective representations, warranties, covenants, agreements and
conditions hereinafter set forth intending to be legally bound hereby, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1. Definitions. For purposes of this Agreement the following terms have the meanings respectively set forth below: 

(a) “Affiliate” shall have the meaning set forth in Rule 12b-2 promulgated by the SEC under the Exchange Act. 

(b) “Associate” means, when used to indicate a relationship with any person: (i) any corporation or organization (other
than the Company or a majority-owned subsidiary of the Company) of which such person is an officer or partner, (ii) any trust or other estate in which such person has a substantial beneficial interest or as to which such person serves as
trustee or in a similar fiduciary capacity, and (iii) any relative or spouse of such person, or any relative of such spouse, who has the same home as such person or who is a director or officer of the Company or any of its parents or
subsidiaries. 
 (c) “Beneficial owner” and “beneficial ownership” shall have the respective meanings as set
forth in Rule 13d-3 promulgated by the SEC under the Exchange Act. 
 (d) “Board” means the Board of Directors of the
Company. 
 (e) “Common Stock” means the Common Stock of the Company, $.001 par value per share. 

(f) “Exchange Act” means the Securities Act of 1934, as amended. 

(g) “Nominees” mean Michael Zimmerman and Mario Ciampi. 

(h) “Person” means any individual, corporation, general or limited partnership, limited liability company, joint venture,
estate, trust, association, organization or other entity of any kind or nature. 

 (i) “SEC” means the Securities and Exchange Commission. 

(j) “Standstill Period” means the period from the date hereof until the earliest of the following plus, with regard to clauses
(i) and (ii) below, such additional period of time during which either of the Nominees shall serve as a member of the Board: 
 (i) 25 business days prior to the last date upon which a notice to the Secretary of the Company of nominations of directors for election to the Board or the proposal of business at the 2012 Annual Meeting
would be considered timely under the certificate of incorporation and bylaws of the Company, if by such date either (A) the Nominating and Corporate Governance Committee of the Company has not notified each of the Nominees pursuant to
Section 4(e) below that it has resolved to recommend to the Board that the Board nominate, and the Board has agreed to nominate, each of the Nominees for election to the Board at the 2012 Annual Meeting of Stockholders; or (B) the
Nominating and Corporate Governance Committee of the Company has so notified each of the Nominees but each of the Nominees has declined to stand for election as a Company nominee and has notified the Company of same; 

(ii) 25 business days prior to the last date upon which a notice to the Secretary of the Company of nominations of directors for election
to the Board or the proposal of business at the 2013 Annual Meeting would be considered timely under the certificate of incorporation and bylaws of the Company; or 
 (iii) such date, if any, as the Company has materially breached any of its commitments or obligations of this Agreement and, with regard to material breaches other than material breaches of Sections 4(a),
4(b) and 4(e), the Company has failed to cure such material breach within 5 business days of the earlier of (A) notice of such breach from either of the Nominees, or (B) actual knowledge thereof by one of the Company’s named executive
officers (as such term is defined in Item 402(a)(2) of Regulation S-K under the Exchange Act). 
 (k) “2011 Annual
Meeting” means the Company’s 2011 annual meeting of stockholders. 
 (l) “2012 Annual Meeting” means the
Company’s 2012 annual meeting of stockholders. 
 2. Representations and Warranties of the Company. The Company represents and
warrants as follows: 
 (a) The Company has the corporate power and authority to execute, deliver and perform the terms and
provisions of this Agreement and to consummate the transactions contemplated hereby. 
 (b) This Agreement has been duly
authorized, executed and delivered by the Company, and is a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, fraudulent conveyance or similar laws affecting the rights of creditors and by general equity principles. 

  
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 (c) The execution, delivery and performance of this Agreement by the Company does not and
will not (i) violate or conflict with any law, rule, regulation, order, judgment or decree applicable to it, or (ii) result in any material breach or violation of or constitute a material default (or an event which with notice or lapse of
time or both could become a material default) under or pursuant to, or give any right of termination, amendment, acceleration or cancellation of, any organizational document, or any agreement, contract, commitment, understanding or arrangement to
which the Company is a party or by which it is bound. 
 3. Representations and Warranties of the Zimmerman Group. Each of the members of
the Zimmerman Group severally, and not jointly, represents and warrants with respect to himself or itself as follows: 
 (a)
Such party has the power and authority to execute, deliver and perform the terms and provisions of this Agreement and to consummate the transactions contemplated hereby. Such party, if an entity, has the corporate, limited partnership or limited
liability company power and authority, as applicable, to execute, deliver and perform the terms and provisions of this Agreement and to consummate the transactions contemplated hereby. 

(b) This Agreement has been duly authorized, executed and delivered by such party, and is a valid and binding obligation of such party,
enforceable against such party in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws affecting the rights of creditors and
by general equity principles. 
 (c) As of the respective dates of the Original Schedule 13D and Amendment No. 1, Amendment
No. 2 and Amendment No. 3 (as each such term is defined below), respectively, each member of the Zimmerman Group were each the “beneficial owner” of a number of shares of Common Stock (as defined below) as set forth on the
respective cover pages relating to such party in the Schedule 13D filed by Zimmerman, Prendel, LLC and Prentice Capital Management, LP with the Securities and Exchange Commission (the “SEC”) on September 8, 2010 (the
“Original Schedule 13D”), Amendment No. 1 filed by Zimmerman, Prendel, LLC and Prentice Capital Management, LP with the SEC on September 15, 2010 (“Amendment No. 1”), Amendment No. 2 filed by
Zimmerman, Prendel, LLC and Prentice Capital Management, LP with the SEC on November 1, 2010 (“Amendment No. 2”) and Amendment No. 3 filed by Zimmerman, Prendel, LLC and Prentice Capital Management, LP with the SEC on
November 12, 2010 (“Amendment No. 3”). The Original Schedule 13D, together with Amendment No. 1, Amendment No. 2 and Amendment No. 3, are collectively hereinafter referred to as the “Schedule
13D”. As of the date hereof, the members of the Zimmerman Group own in the aggregate 2,864,345 shares of Common Stock. Except for those Affiliates and Associates of such member with respect to whom a cover page is included in Amendment
No. 3, no other Affiliate or Associate of such member beneficially owns any shares of Common Stock. 

  
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 (d) The execution, delivery and performance of this Agreement by such party does not and
will not (i) violate or conflict with any law, rule, regulation, order, judgment or decree applicable to him or it, or (ii) result in any material breach or violation of or constitute a material default (or an event which with notice or
lapse of time or both could become a material default) under or pursuant to, or give any right of termination, amendment, acceleration or cancellation of, any organizational document (if an entity), or any agreement, contract, commitment,
understanding or arrangement to which such party is a party or by which such party is bound. 
 4. Appointment of New Directors and Related
Matters. 
 (a) Concurrently herewith (the date hereof being the “Appointment Date”), the Board and any
applicable committees of the Board shall take all necessary action to: (i) increase the size of the Board by two (2) directors to a total of seven (7) directors; (ii) appoint each of the Nominees as directors of the Company,
effective as of the Appointment Date, to serve as members of the Board until the Company’s 2011 Annual Meeting of Stockholders and until their successors are duly elected and qualified; and (iii) appoint Zimmerman to serve as a member of
the Nominating and Corporate Governance Committee and appoint Ciampi to serve as a member of the Compensation Committee, in each case effective as of the Appointment Date, to serve on applicable Committee so long as he continues to be a member of
the Board. 
 (b) The Board and the Nominating and Corporate Governance Committee shall nominate each of the Nominees for
election as directors at the 2011 Annual Meeting. The Company agrees to recommend that the Company’s stockholders vote, and shall solicit proxies, in favor of the election of each of the Nominees at such meeting and otherwise support each of
the Nominees for election in a manner no less rigorous and favorable than the manner in which the Company supports its other nominees. 
 (c) The members of the Zimmerman Group shall promptly file an amendment to the Schedule 13D reporting the entry into this Agreement, amending applicable items to conform to their obligations hereunder and
appending or incorporating by reference this Agreement as an exhibit thereto. The members of the Zimmerman Group shall provide to the Company a reasonable opportunity to review and comment on such amendment in advance of filing, and shall consider
in good faith the reasonable and timely comments of the Company. 
 (d) Each member of the Zimmerman Group shall cause all
shares of Common Stock owned of record or beneficially by him or it and his or its respective Affiliates and Associates to be present for quorum purposes and to be voted in favor of the incumbent directors nominated by the Board for election at the
2011 Annual Meeting. 
 (e) At least 25 business days prior to the last date upon which a notice to the Secretary of the Company
of nominations of directors for election to the Board or the proposal of business at the 2012 Annual Meeting would be considered timely under the certificate of incorporation and bylaws of the Company, the Nominating and Corporate Governance
Committee will notify each of the Nominees whether it has resolved to recommend them for re-election to the Board at the 2012 Annual Meeting. If the Nominating 

  
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and Corporate Governance Committee has resolved to so recommend each of the Nominees, and each of the Nominees agree, then (i) the Board shall nominate each of the Nominees for election as
directors at the 2012 Annual Meeting, (ii) the Board shall recommend that the Company’s stockholders vote, and shall solicit proxies, in favor of the election of each of the Nominees at such meeting and otherwise support each of the
Nominees for election in a manner no less rigorous and favorable than the manner in which the Company supports its other nominees and (iii) each member of the Zimmerman Group shall cause all shares of Common Stock owned of record or
beneficially by him or it and his or its respective Affiliates and Associates to be present for quorum purposes and to be voted in favor of the incumbent directors nominated by the Board for election at the 2012 Annual Meeting. 

5. Standstill. 
 (a)
Each of the members of the Zimmerman Group agrees that, during the Standstill Period, he or it will not, and he or it will cause each of such Person’s Affiliates and Associates and require other Persons acting on his or its behalf not to,
directly or indirectly: 
 (i) acquire, offer to acquire or agree to acquire, alone or in concert with any other individual or
entity, by purchase, tender offer, exchange offer, agreement or business combination or any other manner, beneficial ownership of any securities of the Company; provided, however, that this restriction shall not apply to any securities received by
each of the Nominees pursuant to Section 8 of this Agreement; 
 (ii) submit any shareholder proposal (pursuant to Rule
14a-8 promulgated by the SEC under the Exchange Act or otherwise) or any notice of nomination or other business for consideration at a stockholder meeting or written consent in lieu thereof, or nominate any candidate for election to the Board or
oppose the directors nominated by the Board, other than as expressly permitted by this Agreement; 
 (iii) form, join in or in
any other way participate in a “partnership, limited partnership, syndicate or other group” within the meaning of Section 13(d)(3) of the Exchange Act with respect to the Common Stock or deposit any shares of Common Stock in a voting
trust or similar arrangement or subject any shares of Common Stock to any voting agreement or pooling arrangement other than as set forth in the Schedule 13D on the date hereof; 

(iv) solicit proxies or written consents of shareholders, or otherwise conduct any nonbinding referendum with respect to Common Stock, or
make, or in any way participate in, any “solicitation” of any “proxy” within the meaning of Rule 14a-1 promulgated by the SEC under the Exchange Act to vote, or advise, encourage or influence any Person with respect to voting,
any shares of Common Stock with respect to any matter, or become a “participant” in any contested “solicitation” for the election of directors with respect to the Company (as such terms are defined or used under the Exchange Act
and the rules promulgated by the SEC thereunder), other than a “solicitation” or acting as a “participant” in support of all of the nominees of the Board at the 2011 Annual Meeting or, if applicable, the 2012 Annual Meeting as
set forth in this Agreement; 

  
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 (v) seek, in any capacity other than as a member of the Board, to call, or to request the
calling of, a special meeting of the shareholders of the Company, or seek to make, or make, a shareholder proposal at any meeting of the shareholders of the Company or make a request for a list of the Company’s shareholders (or otherwise
induce, encourage or assist any other Person to initiate or pursue such a proposal or request) or otherwise acting alone, or in concert with others, seek to control or influence the governance or policies of the Company, except as a member of the
Board or otherwise as expressly permitted by this Agreement; provided, however, that the foregoing shall not prohibit the Zimmerman Group from (A) making statements contemplated by Rule 14a-1(l)(2)(iv)(B) under the Exchange Act to the extent
applicable to holders of interests in Prentice Capital Management, LP and Prendel, LLC, and by Rule 14a-1(l)(2)(iv)(C) to the extent relating to the foregoing statements), (B) engaging in discussions with other stockholders (so long as the
Zimmerman Group does not initiate such discussions and such discussions are in compliance with the terms and conditions hereof) (clauses (1) and (2), together, “Permitted Actions”) with respect to any transaction that has been
publicly announced by the Company involving a recapitalization of the Company, or a material acquisition, disposition or sale of assets or a business by the Company, or a change of control of the Company, (C) voting as it sees fit on any matter
other than with respect to the election of directors, or (D) privately contacting the Board or management of the Company to express his views regarding Company matters so long as such contact or communication (1) will not require or result
in an amendment to or other public disclosure in connection with the Schedule 13D filed by the Zimmerman Group or any of its affiliates with respect to the Company and (2) does not unduly interfere with management’s duties and
responsibilities or the day-to-day operation of the Company’s business and affairs; 
 (vi) effect or seek to effect, in
any capacity other than as a member of the Board (including, without limitation, by entering into any discussions, negotiations, agreements or understandings with any third Person), offer or propose (whether publicly or otherwise) to effect, or
cause or participate in, or in any way assist or facilitate any other Person to effect or seek, offer or propose (whether publicly or otherwise) to effect or cause or participate in (A) any acquisition of any material assets or businesses of
the Company or any of its subsidiaries, or any sale, lease, exchange, pledge, mortgage, or transfer thereof (including through any arrangement having substantially the same economic or other effect as a sale, lease, exchange, pledge, mortgage, or
transfer or assets); (B) any tender offer or exchange offer, merger, acquisition or other business combination involving the Company or any of its subsidiaries, or (C) any recapitalization, restructuring, liquidation, dissolution or other
extraordinary transaction with respect to the Company or any of its subsidiaries; 
 (vii) publicly disclose, or cause or
facilitate the public disclosure (including, without limitation, the filing of any document or report with the SEC or any other governmental agency or any disclosure to any journalist, member of the media or securities analyst) of, any intent,
purpose, plan or proposal to obtain any waiver, or consent under, or any amendment of, any of the provisions of Sections 4 or 5 of this Agreement, or otherwise seek (in any manner that would require public disclosure by any of the members of the
Zimmerman Group or their Affiliates or Associates) to obtain any waiver, consent under, or amendment of, any provision of this Agreement; 

  
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 (viii) publicly disparage any member of the Board or management of the Company; provided
that this provision shall not apply to compelled testimony, either by legal process, subpoena or otherwise, or to communications that are required by an applicable legal obligation and are subject to contractual provisions providing for confidential
disclosure; 
 (ix) enter into any arrangements, understandings or agreements (whether written or oral) with, or advise,
finance, cause, solicit, induce, assist or encourage, any other Person that engages, or offers or proposes to engage, in any of the foregoing; or 
 (x) take, cause, solicit, induce or assist others to take any action inconsistent with any of the foregoing. 
 Notwithstanding the provisions of this Section 5, the members of the Zimmerman Group shall be entitled to acquire, from time to time, in one or more transactions in the open market, in privately
negotiated transactions or from the Company, additional securities of the Company, if, after giving effect to any acquisition of the additional securities, the number of shares of Common Stock beneficially owned by the Zimmerman Group would not
exceed 14.0% of the aggregate number of shares of Common Stock outstanding (as reported in the most recent report filed by the Company with the SEC containing such information). 
 6. Company Governing Documents and Policies. By the Appointment Date, each of the Nominees shall review the Company’s certificate of incorporation and bylaws, as well as the Code of Business
Conduct and Policy Regarding Shareholder Communications with the Board of Directors and charters of each of the committees of the Board on which they shall serve and agree to abide by the provisions thereof during their service as directors of the
Company. Each member of the Zimmerman Group acknowledges that United States and other applicable securities laws may prohibit any Persons who have material, nonpublic information concerning the Company from purchasing or selling securities of the
Company or from communicating such information to any Person under circumstances in which it is reasonably foreseeable that such Person is likely to purchase or sell such securities in reliance upon such information. 

7. Questionnaires. By the Appointment Date, each of the Nominees will have accurately completed the form of questionnaire provided by the Company
for its use in connection with their appointment to the Board and preparation of the Company’s proxy statement and other reports filed with the SEC. 
 8. Compensation. Each of the Nominees shall be compensated for their service as directors and shall be reimbursed for their expenses on the same basis as all other non-employee directors of the
Company are compensated and shall be eligible to be granted equity-based compensation on the same basis as all other non-employee directors of the Company. 
 9. Indemnification and Insurance. Each of the Nominees shall be entitled to the same rights of indemnification as the other directors of the Company as such rights may exist from time to time. The
Company shall, promptly after their election, take such action, if any, as may be necessary to add each of the Nominees to the Company’s directors and officers’ liability insurance policy as an Insured Person. 

  
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 10. Non-Disparagement. During the Standstill Period, the Company shall not publicly disparage any
member of the Zimmerman Group or any member of the management of the Zimmerman Group, provided that this provision shall not apply to compelled testimony, either by legal process, subpoena or otherwise, or to communications that are required by an
applicable legal obligation and are subject to contractual provisions providing for confidential disclosure. 
 11. Press Release.
Promptly following execution of this Agreement, the Company and the Zimmerman Group shall jointly issue a press release announcing the terms of this Agreement in the form attached hereto as Exhibit B. 

12. Reimbursement of Expenses. All costs and expenses incurred in connection with this Agreement will be paid by the party incurring such cost or
expense. 
 13. Specific Performance. Each party hereto acknowledges and agrees, on behalf of itself and its Affiliates, that irreparable
harm would occur in the event any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that, as among the parties hereto, the parties will be entitled to
specific relief hereunder, including, without limitation, an injunction or injunctions to prevent and enjoin breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof in any state or federal court in
the State of New York, in addition to any other remedy to which they may be entitled at law or in equity. Any requirements for the securing or posting of any bond with such remedy are hereby waived. 

14. Jurisdiction. Each party hereto agrees, on behalf of itself and its Affiliates, that any actions, suits or proceedings arising out of or
relating to this Agreement or the transactions contemplated hereby will be brought solely and exclusively in any state or federal court in the Borough of Manhattan in the State of New York (and the parties agree on behalf of themselves and their
respective Affiliates not to commence any action, suit or proceeding relating thereto except in such courts), and further agrees that service of any process, summons, notice or document by U.S. registered mail to the respective addresses set forth
in Section 18 of this Agreement will be effective service of process for any such action, suit or proceeding brought against any party in any such court. Each party, on behalf of itself and its Affiliates, irrevocably and unconditionally waives
any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement. or the transactions contemplated hereby, in the state or federal courts in the Borough of Manhattan in the State of New York, and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an improper or inconvenient forum. 

15. Applicable Law. This Agreement shall be governed in all respects, including validity, interpretation and effect, by the laws of the State of
New York, without regard to that state’s principles of conflicts of law (other than Section 5-1401 of the New York General Obligations Law). 

  
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 16. Counterparts; Facsimile or Electronic Signatures. This Agreement may be executed in two or more
counterparts, each of which shall be considered an original and all of which together shall constitute a one and the same agreement. Facsimile or electronic (i.e., PDF) signatures shall be as effective as original signatures. 

17. Entire Agreement; Amendment and Waiver; Successors and Assigns. This Agreement contains the entire understanding of the parties hereto with
respect to, and supersedes all prior agreements relating to, its subject matter. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings between the parties other than those expressly set forth herein.
This Agreement may be amended only by a written instrument duly executed by the parties hereto or their respective successors or assigns. No failure on the part of any party to exercise, and no delay in exercising, any right, power or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. All remedies
hereunder are cumulative and are not exclusive of any other remedies provided by law. The terms and conditions of this Agreement shall be binding upon, inure to the benefit of and be enforceable by the parties hereto and their respective successors,
heirs, executors, legal representatives, and assigns. 
 18. Notices. All notices, consents, requests, instructions, approvals and other
communications provided for herein and all legal process in regard hereto shall be in writing and shall be deemed validly given, made or served, (a) if given by telecopy, when such telecopy is transmitted to the telecopy number set forth below,
or to such other telecopy number as is provided by a party to this Agreement to the other parties pursuant to notice given in accordance with the provisions of this Section, and the appropriate confirmation is received, provided a copy of such item
sent via telecopy is also immediately sent via one of the other methods specified below, or (b) if given by personal delivery or via nationally recognized overnight courier, when actually received during normal business hours at the address
specified in this Section, or at such other address as is provided by a party to this Agreement to the other parties pursuant to notice given in accordance with the provisions of this Section: 

if to the Company: 
 dELiA*s, Inc. 
 50 West 23rd Street 

New York, New York 10010 
 Fax no.: 212-590-6310 
 Email: wkillough@deliasinc.com;
mschuback@deliasinc.com 
 Attention: Chief Executive Officer 

Attention: General Counsel 

  
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 with a copy to: 
 William D. Freedman, Esq. 
 Troutman Sanders LLP 

The Chrysler Building 
 405 Lexington Avenue 
 New York, New York 10174 

Fax no.: (212) 704-5935 
 Email: william.freedman@troutmansanders.com 
 if the Zimmerman Group or any
member thereof: 
 Prendel, LLC 
 Prentice Capital Management, LP 
 623 Fifth Avenue, 32nd Floor 

New York, New York 10022 
 Attention: Michael Zimmerman 
 Fax no.: 212-756-1480 

Email: michaelz@prenticecapital.com 
 with a copy to: 
 Marc Weingarten, Esq. 

Schulte Roth & Zabel LLP 
 919 Third Avenue 
 New York, New York 10022 

Fax no.: 
 Email:
marc.weingarten@srz.com 
 19. No Third-Party Beneficiaries. Nothing in this Agreement is intended to confer on any Person other
than the parties hereto or their respective successors and assigns, and their respective Affiliates to the extent provided herein, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 

[page intentionally ends here] 

  
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 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly
authorized signatories of the parties as of the date first written above. 
  

			
	DELIA*S, INC.
		
	By:	 	 /s/ Carter S.
Evans

			
	 Name: Carter S. Evans
	 Title: Chairman
	
	 /s/ Michael Zimmerman

	Michael Zimmerman
	
	 /s/ Mario Ciampi

	Mario Ciampi
	
	PRENDEL, LLC
	By:	 	 Prentice Capital Management, LP, its
Manager

			
		
	By:	 	 /s/ Michael Zimmerman

	 Name: Michael Zimmerman
	 Title: Investment Manager
	
	PRENTICE CAPITAL MANAGEMENT, LP

			
		
	By:	 	 /s/ Michael Zimmerman

	 Name: Michael Zimmerman
	 Title: Investment Manager

  
 11Amendment No. 1 to Loan and Security Agreement and Loan Documents

 Exhibit 10.17 
 AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENT 
 AND LOAN DOCUMENTS

 Amendment No. 1, dated as of March 25, 2011 (“Amendment”), to that certain Loan and Security
Agreement, dated as of December 17, 2009 (the “Original Loan Agreement”), by and among JAGGED PEAK, INC., a Nevada corporation, with its principal place of business located at 3000 Bayport Drive, 250, Tampa, Florida
33607 (“Parent”), and JAGGED PEAK CANADA INC., a Canadian corporation with its principal place of business located at c/o McCarthy Tetrault LLP, Box 48, Suite 4700, Toronto Dominion Bank Tower, Toronto, ON M5K 1E6
(“Canadian Subsidiary”) and collectively with Parent and their respective successors, or each of them, as the context indicates, “Borrower”), and MORIAH CAPITAL, L.P., a Delaware limited partnership with
offices at 444 Madison Avenue, New York, New York 10022 (the “Lender”). 
 The Original Loan Agreement, as
amended by this Amendment, is referred to herein as the “Loan Agreement”. All capitalized terms used herein, unless otherwise specifically defined herein, shall have the respective meanings ascribed thereto in the Loan Agreement.

 R E C I T A L S: 
 A. Borrower has requested that Lender amend the Loan Agreement to, among other things, extend the Term and modify the Interest Rate. 

B. Lender has agreed to accommodate Borrower’s requests for such modifications, subject to the conditions set forth herein.

 The parties agree as follows: 
 SECTION 1. AMENDMENTS AND EFFECTS 
 Section 1.1 Amended and
Restated Note. References in the Loan Agreement to the “Note” shall mean the Secured Revolving Loan Note, dated December 17, 2009, as amended and restated as of the date hereof, in the form annexed hereto as Exhibit A,
as executed and delivered by Borrower on the date hereof. 
 Section 1.2 Amendment to Section 1.57 of Loan
Agreement. Section 1.57 of the Loan Agreement is hereby amended and restated in its entirety as follows, effective as of the date of this Amendment: 
 “1.57 “Maturity Date” shall mean March 31, 2012, or such earlier date by which the maturity of the Obligations shall have been accelerated pursuant to the terms hereof.”

 Section 1.3 Amendment to Section 3.1(a) of Loan Agreement.
Section 3.1(a) of the Loan Agreement is hereby amended and restated in its entirety as follows, effective as of the date of this Amendment: 
 “(a) Interest on the unpaid principal balance of the Revolving Loans shall be computed on the basis of the actual number of days elapsed and a year of 360 days and shall accrue at a rate per annum
(the “Interest Rate”) equal to the greater of (i) the sum of (A) the Base Rate plus (B) Six Percent (6.00%), or (ii) Ten Percent (10.0%). All accrued interest on the Revolving Loans shall be payable by Borrower
(x) in arrears prior to the Maturity Date, on the first Business Day of each calendar month, (y) in full on the Maturity Date and (z) on demand after the Maturity Date. At Lender’s option, Lender may charge the Borrowers’
account for said interest. Following and during the continuation of an Event of Default, interest on all outstanding Loans, including principal and interest, shall accrue at a rate equal to the Default Rate, compounded quarterly.” 

Section 1.4 Amendment to Section 9.19(b) of Loan Agreement. Section 9.19(b) of the Loan Agreement is hereby
amended and restated in its entirety as follows, effective as of the date of this Amendment: 
 “(b) Funded Debt to
EBITDA Ratio. Borrower shall maintain a Funded Debt to EBITDA Ratio on a consolidated basis not greater than 2.0:1.0 as of the end of each calendar quarter.” 
 Section 1.5 Issuance of Additional Securities; Exercise of Put Option; Subsidiary Matters. Contemporaneously herewith, as further consideration to Lender for Lender’s approval of
this Amendment and the transactions contemplated hereby, and as a condition to the effectiveness of this Amendment and the transactions contemplated hereby: 
 (a) Borrower is hereby issuing to Lender one million (1,000,000) shares of Common Stock on the terms set forth in the Securities Issuance Agreement, of even date herewith, between Borrower and Lender
in substantially the form annexed hereto as Exhibit B (the “March 2011 Securities Issuance Agreement”). 

(b) Borrower hereby consents to the acceleration of Lender’s Put Option under the Securities Issuance Agreement, dated as of
December 17, 2009, which Put Option is hereby exercised by Lender for a Put Price (as defined in the Securities Issuance Agreement) of $162,750, which Put Price shall be paid by Borrower to Lender in immediately available funds
contemporaneously with the execution of this Amendment as a condition to the effectiveness of this Amendment. Following Lender’s receipt of the Put Price, Lender shall deliver to Borrower the certificate representing the Put Interest (as
defined in the Securities Issuance Agreement). 
 (c) Lender confirms that, notwithstanding the provisions of Section 10.1
of the Loan Agreement, Lender shall not require AcroBoo, Inc., a Nevada corporation and a wholly-owned Subsidiary of Parent (“AcroBoo”), to become a co-borrower or guarantor under the Agreement or to grant to Lender a first priority
perfected security interest in substantially all of its assets to secure the Obligations except as provided below. However, in consideration therefor, 

  
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each of Parent and Canadian Subsidiary covenant and agree, jointly and severally, that neither Parent nor Canadian Subsidiary shall sell, lease, transfer, convey, or otherwise dispose of any or
all of its assets or Collateral, or any rights thereto, to AcroBoo while any Obligations remain outstanding. In the event that the total assets of AcroBoo shall exceed $50,000 at any time after the date hereof, Borrower shall (i) immediately
notify Lender of that fact, and (ii) take all actions as Lender shall require to designate AcroBoo as a co-borrower hereunder and, in connection therewith, to ensure that AcroBoo shall enter into all documentation required by Lender to effect
the foregoing designation, including, without limitation, such documentation as shall grant to Lender a first priority perfected security interest in substantially all of AcroBoo’s assets to secure the Obligations. Each Borrower represents and
warrants to Lender that (1) Parent has no Subsidiaries other than Canadian Subsidiary and AcroBoo, (2) AcroBoo has less than $50,000 in total assets as of the date of this Amendment, and (3) each Borrower shall not establish any new
Subsidiaries of such Borrower without Lender’s prior written consent. Violation of any of the foregoing covenants or representations by either Borrower shall constitute an immediate Event of Default. 

Section 1.6 Redemption Premium Payment. The Loan Agreement is hereby amended to add the following new
Section 2.7, effective as of the date of this Amendment, to read in its entirety as follows: 
 “2.7
Redemption Premium. In the event that Lender elects not to retain any of the Shares in accordance with Section 6 of the March 2011 Securities Issuance Agreement, then Borrower shall pay to Lender, as a loan premium, the sum of One Hundred
Seventy Thousand Dollars ($170,000) (the “Redemption Premium”) on the terms set forth in Section 6 of the March 2011 Securities Issuance Agreement. In the event that Lender elects to retain all of the Shares, then no Redemption
Premium shall be payable. In the event that Lender elects to retain a portion, but not all, of such Shares, then the Redemption Premium shall be reduced to an amount equal to the product of (A) $170,000 and (B) a fraction, the numerator of
which is the number of Shares that Lender elects not to retain, and the denominator of which is 1,000,000. For example, if Lender elects not to retain 300,000 Shares, then the Redemption Premium shall be $51,000. The Redemption Premium payment
obligation shall constitute Obligations for all purposes hereunder and shall be fully secured by the Collateral.” 

Section 1.7 Fees. Borrower shall pay to Moriah Capital Management, L.P. the various fees described in the letter
agreement to be executed contemporaneously herewith. Such fees shall be deemed fully earned on the scheduled payment date and shall not be subject to rebate or proration for any reason. 

Section 1.8 Loan Documents. This Amendment, the Note as amended and restated and the March 2011 Securities
Issuance Agreement are Loan Documents executed pursuant to the Loan Agreement and, unless otherwise expressly indicated herein, are to be construed, administered and applied in accordance with the provisions thereof. 

Section 1.9 Release of Lender. In consideration of Lender’s agreement to enter into this Amendment, Borrower
hereby releases and exculpates 

  
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Lender, its officers, directors, employees, agents, representatives and designees, from any liability arising from any acts under the Loan Agreement or any other Loan Document or in furtherance
thereof, whether as attorney-in-fact or otherwise, whether of omission or commission, and whether based upon any error of judgment or mistake of law or fact, except for any breaches by Lender of the Loan Documents or Lender’s gross negligence
or willful misconduct as determined by a final and non-appealable order from a court of competent jurisdiction. In no event will Lender have any liability to Borrower for lost profits or other special or consequential damages. 

Section 1.10 Borrower’s Certifications. The effectiveness of this Amendment shall be subject to Borrower’s
satisfaction of, and compliance with, all of the following conditions as of the date of this Amendment, as determined by Lender: 
 (a) Representations and Warranties. Each of the representations and warranties made by or on behalf of Borrower to Lender in the Original Agreement or in other Loan Documents (as amended hereby)
are true and correct in all material respects as of the date of the Amendment (provided that any such representation or warranty that is qualified as to materiality shall be true and correct in all respects), and Lender shall have received a
certification from a Responsible Officer with respect to the foregoing in form and substance satisfactory to Lender. 
 (b)
Performance, etc. Borrower shall have duly and properly performed, complied with and observed each of its covenants, agreements and obligations contained in the Original Agreement and any of the Loan Documents to which it is a party or by
which it is bound (each as amended hereby), and Lender shall have received a certification from a Responsible Officer with respect to the foregoing in form and substance satisfactory to Lender. 

(c) No Default. No event shall have occurred and be continuing as of the date hereof, and no condition shall exist on the date
hereof, which constitutes an Event of Default or which would, with notice or the lapse of time, or both, constitute an Event of Default under the Original Agreement or any of the Loan Documents, and Lender shall have received a certification from a
Responsible Officer with respect to the foregoing in form and substance satisfactory to Lender. 
 (d) Corporate
Authorizations. Borrower shall have delivered to Lender a certification from a Responsible Officer in form and substance satisfactory to Lender, together with certified resolutions of directors authorizing the transactions contemplated hereby
and an incumbency certificate setting forth the executive officers and directors of Borrower, in each case in form satisfactory to Lender. 
 (e) Fees and Expenses of Lender’s Counsel. Borrower shall have paid the outstanding fees and expenses of Lender’s counsel incurred in connection with the transactions contemplated hereby
or otherwise under the Agreement. 
 Section 1.11 Lender’s Review of Public Announcements. Borrower shall not
make any public announcement or other public disclosure regarding either the transactions 

  
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contemplated by the Loan Agreement or regarding Lender without affording Lender a reasonable time period within which to review and provide comments to Borrower with respect to such proposed
announcement or disclosure, a draft of which shall be provided to Lender for its review. 
 SECTION 2. MISCELLANEOUS 

Section 2.1 Prior Agreements. This Amendment shall completely and fully supersede all other and prior agreements and
correspondence (both written and oral) by and between Borrower and Lender concerning the subject matter of this Amendment. 

Section 2.2 Relationship to Original Loan Documents. This Amendment is an amendment of and supplement to (and not a
novation of) the Loan Agreement and the other Loan Documents and the schedules thereto, without any discharge, release or satisfaction of the Obligations (or any guaranty or collateral security therefor), all of which Obligations and security remain
outstanding under the Loan Documents, as amended. As specifically modified by this Amendment, the Loan Agreement and other Loan Documents are and continue to be in full force and effect as in effect immediately prior to the date hereof. As used in
the Loan Agreement, “hereinafter”, “hereto”, “hereof”, or words of similar import, shall, unless the context otherwise requires, mean the Loan Agreement, as amended by this Amendment. 

Section 2.3 Counterparts. This Amendment may be executed in any number of counterparts, by facsimile or other
electronic signature, with the same effect as if all the signatures on such counterparts appeared on one document. Each such counterpart shall be deemed to be an original, but all such counterparts together shall constitute one and the same
instrument. 
 Section 2.4 Section or Paragraph Headings. Section and paragraph headings used herein are for
convenience only and shall not be construed as part of this Amendment. 
 Section 2.5 Governing Law. This
Amendment shall be construed in accordance with, and shall be governed by, the laws of the State of New York, including Section 5-1401 of the New York General Obligations Law. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, this Amendment No. 1 has been duly executed as of the date first
set forth above. 
  

			
	JAGGED PEAK, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	JAGGED PEAK CANADA INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	MORIAH CAPITAL, L.P.
		
	By:	 	Moriah Capital Management, L.P.,
	General Partner
		
	By:	 	Moriah Capital Management, GP, LLC,
	General Partner
		
	By:	 	  

	Name:	 	
	Title:	 	

 [SIGNATURE PAGE OF AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENT] 

 EXHIBIT A 

FORM OF 

AMENDED AND RESTATED 
 SECURED REVOLVING LOAN NOTE 
 [ATTACHED] 

  
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 EXHIBIT B 

FORM OF MARCH 2011 SECURITIES ISSUANCE AGREEMENT 
 [ATTACHED] 

  
 - 3 -

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