Document:

EX-10.8

 Exhibit 10.8 
 EXECUTION VERSION 
 PLEDGE AND SECURITY AGREEMENT 

THIS PLEDGE AND SECURITY AGREEMENT (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to
time, this “Security Agreement”) is entered into as of July 27, 2012 by and among PC Merger Sub, Inc., a Delaware corporation (“Merger Sub”), to be merged with and into Party City Holdings Inc., a Delaware
corporation (“Party City Holdings” and, together with Merger Sub, the “Company”), PC Finance Sub, Inc., a Delaware corporation (“Finance Sub”), to be merged with and into Party City Corporation, a
Delaware corporation (“Party City”, and together with Finance Sub, the “Subsidiary Borrower”; and Subsidiary Borrower, together with the Company and any other Subsidiary Borrowers from time to time party hereto,
each a “Borrower” and collectively the “Borrowers”), PC Intermediate Holdings, Inc., a Delaware corporation (“Holdings”), the Subsidiary Parties (as defined below) from time to time party hereto
(the foregoing, collectively, the “Loan Parties”) and Deutsche Bank Trust Company Americas (“DBTCA”), in its capacity as administrative agent and collateral agent for the lenders party to the Revolving Facility
Credit Agreement referred to below (in such capacity, the “Agent”). 
 PRELIMINARY STATEMENT 

The Loan Parties, the Agent, the Revolving Lenders and others are entering into a Revolving Facility Credit Agreement dated as of the
date hereof (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Revolving Facility Credit Agreement”). The Grantors are entering into this Security Agreement in order to induce the
Revolving Lenders to enter into and extend credit to the Borrowers under the Revolving Facility Credit Agreement and to secure the Secured Obligations, including in the case of each Grantor that is a Loan Guarantor, its obligations under the Loan
Guaranty. 
 ACCORDINGLY, the parties hereto agree as follows: 

ARTICLE 1 

Definitions 

Section 1.01. Terms Defined in Revolving Facility Credit Agreement. All capitalized terms used herein and not otherwise
defined shall have the meanings assigned to such terms in the Revolving Facility Credit Agreement. 
 Section 1.02.
Terms Defined in UCC. Terms defined in the UCC that are not otherwise defined in this Security Agreement or the Revolving Facility Credit Agreement are used herein as defined in Articles 8 or 9 of the UCC. 

Section 1.03. Definitions of Certain Terms Used Herein. As used in this Security Agreement, in addition to the terms defined
in the preamble and Preliminary Statement above, the following terms shall have the following meanings: 

“Account” shall have the meaning set forth in Article 9 of the UCC. 

“Article” means a numbered article of this Security Agreement, unless another document is specifically referenced.

 “Chattel Paper” shall have the meaning set forth in Article 9 of the UCC.

 “Collateral” shall have the meaning set forth in Article 2. 

“Commercial Tort Claim” shall have the meaning set forth in Article 9 of the UCC. 

“Contract Rights” shall mean all rights of any Grantor under each Contract, including, without limitation, (i) any
and all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all Contracts and (iii) any and all other rights, interests and claims now existing or in the
future arising in connection with any or all Contracts. 
 “Contracts” shall mean all contracts between any
Grantor and one or more additional parties (including, without limitation, any Hedge Agreements, licensing agreements and any partnership agreements, joint venture agreements and limited liability company agreements). 

“Control” shall have the meaning set forth in Article 8 or, if applicable, in Section 9-104, 9-105, 9-106 or 9-107
of Article 9 of the UCC. 
 “Copyrights” means, with respect to any Grantor, all of such Grantor’s right,
title, and interest in and to the following: (a) all United States copyrights, rights and interests in copyrights, works protectable by copyright whether published or unpublished, copyright registrations, and copyright applications;
(b) all renewals of any of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements
for any of the foregoing; (d) the right to sue for past, present, and future infringements of any of the foregoing; and (e) all domestic rights corresponding to any of the foregoing. 

“Deposit Account” shall have the meaning set forth in Article 9 of the UCC. 

“Discharge of the Term Loan Obligations” shall have the meaning assigned to “Discharge of Term Loan
Obligations” under the Intercreditor Agreement. 
 “Document” shall have the meaning set forth in Article
9 of the UCC. 
 “Domain Names” means all Internet domain names and associated URL addresses in or to which any
Grantor now or hereafter has any right, title or interest. 
 “Electronic Chattel Paper” shall have the meaning
set forth in Article 9 of the UCC. 
 “Equipment” shall have the meaning set forth in Article 9 of the UCC.

 “Excluded Collateral” shall have the meaning set forth in Article 2. 

“Exhibit” refers to a specific exhibit to this Security Agreement, unless another document is specifically referenced.

 “Fixture” shall have the meaning set forth in Article 9 of the UCC. 

  
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 “General Intangible” shall have the meaning set forth in Article 9 of the
UCC. 
 “Goods” shall have the meaning set forth in Article 9 of the UCC. 

“Grantors” means Holdings, each Borrower and each of the Subsidiary Parties. 

“Instrument” shall have the meaning set forth in Article 9 of the UCC. 

“Inventory” shall have the meaning set forth in Article 9 of the UCC. 

“Investment Property” shall have the meaning set forth in Article 9 of the UCC. 

“Letter-of-Credit Right” shall have the meaning set forth in Article 9 of the UCC. 

“Licenses” means, with respect to any Grantor, all of such Grantor’s right, title, and interest in and to
(a) any and all licensing agreements or similar arrangements in and to its owned (1) Patents, (2) Copyrights, (3) Trademarks, (4) Trade Secrets or (5) Software, (b) all income, royalties, damages, claims, and
payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches thereof.

 “Money” shall have the meaning set forth in Article 1 of the UCC. 

“Patents” means, with respect to any Grantor, all of such Grantor’s right, title, and interest in and to:
(a) any and all United States patents and patent applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof;
(d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue
for past, present, and future infringements thereof; and (f) all domestic rights corresponding to any of the foregoing. 

“Perfection Certificate” means a certificate substantially in the form of Exhibit A completed and supplemented
with the schedules and attachments contemplated thereby, or any other form approved by Agent, and duly executed by a Responsible Officer of the Company. 
 “Perfection Certificate Supplement” means a supplement substantially in the form of Exhibit B, or any other form approved by the Agent, and duly executed by a Responsible Officer
of the Company. 
 “Permits” shall mean, to the extent permitted to be assigned by the terms thereof or by
applicable law, all licenses, permits, rights, orders, variances, franchises or authorizations of or from any governmental authority or agency. 
 “Pledged Collateral” means all Pledged Stock, including all stock certificates, options or rights of any nature whatsoever in respect of the Pledged Stock that may be issued or granted
to, or held by, such Grantor while this Security Agreement is in effect, all Instruments, Securities and other Investment Property owned by any Grantor, whether or not physically delivered to the Agent pursuant to this Security Agreement, whether
now owned or hereafter acquired by such Grantor and any and all Proceeds thereof, excluding any items specifically excluded from the definition of Collateral. 

  
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 “Pledged Stock” means, with respect to any Grantor, the shares of Capital
Stock set forth in the Perfection Certificate as held by such Grantor, together with any other shares of Capital Stock required to be pledged by such Grantor pursuant to Section 5.12 of the Revolving Facility Credit Agreement. 

“Proceeds” shall have the meaning assigned in Article 9 of the UCC and, in any event, shall also include, but not be
limited to, (i) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to the Agent or any Grantor from time to time with respect to any of the Collateral, (ii) any and all payments (in any form whatsoever) made or
due and payable to any Grantor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority (or any Person acting under color of
governmental authority), (iii) any and all Stock Rights and (iv) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. 

“Receivables” means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or
claims to receive money that are General Intangibles or that are otherwise included as Collateral, excluding any items specifically excluded from the definition of Collateral. 
 “Revolving Facility Credit Agreement” has the meaning set forth in the preamble. 
 “Revolving Facility Security Documents” shall have the meaning assigned to “Revolving Facility Security Documents” in the Intercreditor Agreement. 

“Revolving Lenders” means the “Lenders” under and as defined in the Revolving Facility Credit
Agreement. 
 “Section” means a numbered section of this Security Agreement, unless another document is
specifically referenced. 
 “Secured Parties” means (a) the Revolving Lenders, (b) the Agent,
(c) each counterparty to any Hedge Agreement with a Loan Party the obligations under which constitute Secured Hedging Obligations, (d) each provider of Banking Services to any Loan Party, (e) the beneficiaries of each indemnification
obligation undertaken by any Loan Party under any Loan Document and (f) the successors and permitted assigns of each of the foregoing. 
 “Software” shall mean computer programs, source code, object code and supporting documentation including “software” as such term is defined in Article 9 of the UCC, as well as
computer programs that may be construed as included in the definition of Goods. 
 “Stock Rights” means all
dividends, instruments or other distributions and any other right or property which any Grantor shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Capital Stock

  
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constituting Collateral, any right to receive any Capital Stock constituting Collateral and any right to receive earnings, in which such Grantor now has or hereafter acquires any right, issued by
an issuer of such Capital Stock. 
 “Subsidiary Parties” means (a) the Subsidiaries identified on
Exhibit C hereto and (b) each other Domestic Subsidiary that becomes a party to this Security Agreement as a Subsidiary Party after the date hereof, in accordance with Section 7.12 herein and Section 5.12 of the
Revolving Facility Credit Agreement. 
 “Supporting Obligation” shall have the meaning set forth in Article 9
of the UCC. 
 “Tangible Chattel Paper” shall mean “tangible chattel paper” as such term is defined
in Article 9 of the UCC. 
 “Term Loan Agent” shall have the meaning set forth in the Intercreditor Agreement.

 “Term Loan Security Documents” shall have the meaning set forth in the Intercreditor Agreement. 

“Trade Secrets” means, with respect to any Grantor, all of such Grantor’s right, title and interest in and to the
following: (a) United States trade secrets or other confidential and proprietary information, including unpatented inventions, invention disclosures, engineering or other data, information, production procedures, know-how, financial data,
customer lists, supplier lists, business and marketing plans, processes, schematics, algorithms, techniques, analyses, proposals, source code, and data collections; (b) all income, royalties, damages, and payments now or hereafter due or
payable with respect thereto, including, without limitation, damages, claims and payments for past and future infringements thereof; (c) all rights to sue for past, present and future infringements of the foregoing, including the right to
settle suits involving claims and demands for royalties owing; and (d) all rights corresponding to any of the foregoing. 

“Trademarks” means, with respect to any Grantor, all of such Grantor’s right, title, and interest in and to the
following: (a) United States all trademarks (including service marks), trade names, trade dress, and logos, slogans and other indicia of origin and the registrations and applications for registration thereof and the goodwill of the business
symbolized by the foregoing; (b) all renewals of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments for past
and future infringements thereof; (d) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and demands for royalties owing; and (e) all domestic rights
corresponding to any of the foregoing. 
 “UCC” means the Uniform Commercial Code as in effect from time to
time in the State of New York. 
 The foregoing definitions shall be equally applicable to both the singular and plural forms of
the defined terms. 

  
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 ARTICLE 2 
 Grant of Security Interest 
 Section 2.01. Grant of Security Interest.
(a) As security for the prompt and complete payment or performance, as the case may be, in full of the Secured Obligations, each Grantor hereby pledges, collaterally assigns, mortgages, transfers and grants to the Agent, its successors and
assigns, on behalf of and for the ratable benefit of the Secured Parties, a continuing security interest in all of its right, title and interest in, to and under all personal property and other assets, whether now owned by or owing to, or hereafter
acquired by or arising in favor of such Grantor, and regardless of where located (all of which are collectively referred to as the “Collateral”), including: 
 1. all Accounts; 
 2. all Chattel Paper (including, without limitation, all
Tangible Chattel Paper and all Electronic Chattel Paper); 
 3. all Copyrights, Patents, Trademarks and Trade Secrets;

 4. all Documents; 
 5. all Equipment; 
 6. all Fixtures; 

7. all General Intangibles; 
 8. all Goods; 
 9. all Instruments; 

10. all Inventory; 
 11. all Investment Property; 
 12. all Money, cash and cash equivalents;

 13. all letters of credit and Letter-of-Credit Rights; 

14. all Deposit Accounts, Securities Accounts, Commodities Accounts and all other demand, deposit, time, savings, cash management,
passbook and similar accounts maintained by such Grantor with any bank or other financial institution and all monies, securities, Instruments and other investments deposited or required to be deposited in any of the foregoing; 

15. all Security Entitlements in any or all of the foregoing; 
 16. all Commercial Tort Claims; 
 17. all Permits; 

  
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 18. all Software and all recorded data of any kind or nature, regardless of the medium of
recording; 
 19. all Domain Names; 
 20. all Contracts, together with all Contract Rights arising thereunder; 
 21. all
Licenses; 
 22. all other personal property not otherwise described in clauses (1) through (21) above, in each case
now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest; 
 23. all Supporting Obligations and 
 24. all accessions to, substitutions and
replacements for, Proceeds and products of the foregoing, together with all books and records, customer lists, credit files, computer files, programs, printouts and other computer materials and records related thereto and any General Intangibles at
any time evidencing or relating to any of the foregoing and all collateral security and guarantees given by any Person with respect to any of the foregoing. 
 (b) Notwithstanding the foregoing, the term “Collateral” (and any component definition thereof) shall not include: 

(i) any General Intangibles or other rights arising under any contracts, instruments, leases, licenses, agreements or
other documents as to which the grant of a security interest would (i) constitute a violation of a restriction in favor of a third party on such grant or result in the abandonment, invalidation or unenforceability of any right of such Grantor,
unless and until any required consents shall have been obtained, or (ii) result in a breach, termination or default under such contract, instrument, lease, license, agreement or other document (including pursuant to any “change of
control” or similar provision); provided, however, such Collateral shall only be excluded, in each case under clauses (i) and (ii) above, to the extent such violation or right to terminate would not be rendered
ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law or principles or equity; and provided, further, that such Collateral
shall not be excluded, and such security interest shall attach immediately at such time as the condition causing such violation or right to terminate shall no longer exist and to the extent severable, shall attach immediately to, any portion of such
General Intangible that does not result in any of the consequences specified in clauses (i) or (ii) above, 
 (ii) the Capital Stock of any Foreign Subsidiary or Disregarded Domestic Subsidiary of such Grantor, other than 65% of the issued and outstanding Capital Stock entitled to vote (within the meaning of
Treas. Reg. Section 1.956-2(c)(2)) of each first-tier Foreign Subsidiary or Disregarded Domestic Subsidiary of any Grantor, as applicable, 

  
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 (iii) the Capital Stock of any Immaterial Subsidiary (except to the extent
the security interest therein can be perfected by the filing of a Form UCC-1 financing statement), Captive Insurance Subsidiary, Unrestricted Subsidiary or not-for-profit Subsidiary or any special purpose entity used for securitization facilities,

 (iv) any intent-to-use (or similar) Trademark applications prior to the filing of a “Statement of
Use” or “Amendment to Allege Use” with respect thereto, to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein may impair the validity or enforceability of such
intent-to-use Trademark applications under applicable law, 
 (v) any asset or property, the granting of a
security interest in which would (A) require any governmental consent, approval, license or authorization, (B) be prohibited by enforceable anti-assignment provisions of applicable law, except, in the case of this clause (B), to the extent such
prohibition would be rendered ineffective under the UCC or other applicable law notwithstanding such prohibition, or (C) result in adverse tax consequences to any Grantor as reasonably determined by the Borrower Agent with notice to the Agent,

 (vi) any leasehold Real Estate Asset, 

(vii) any interests in partnerships, joint ventures and non-Wholly- Owned Subsidiaries which cannot be pledged without the
consent of one or more third parties other than any Borrower or any of their Subsidiaries (after giving effect to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other
applicable law or principles or equity), 
 (viii) any Margin Stock, 

(ix) any asset specifically requiring perfection through a control agreement or other control arrangements other than
(A) in respect of Pledged Collateral to the extent required by Section 4.03 below and (B) to the extent required pursuant to Section 2.21 of the Revolving Loan Agreement, 

(x) Commercial Tort Claims individually with a value of less than $1,500,000, 

(xi) vehicles and other assets subject to certificates of title, 

(xii) Letter of Credit Rights to the extent that a security interest therein cannot be perfected by filing a UCC financing
statement, and 
 (xiii) any specifically identified asset with respect to which the Agent and the Company shall
have reasonably determined that the cost, burden, difficulty or consequence of obtaining or perfecting a security interest therein outweighs the fair market value thereof and the benefit of a security interest to the Secured Parties afforded thereby
(all of the items referred to in clauses (i) through (xiii) hereof, collectively, the “Excluded Collateral”). 

  
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 Notwithstanding anything to the contrary contained herein, immediately upon the
ineffectiveness, lapse or termination of any restriction or condition set forth in preceding paragraph, the Collateral shall include, and the Borrowers shall be deemed to have granted a security in, all such rights and interests or other assets, as
the case may be, as if such provision had never been in effect. 
 ARTICLE 3 

Representations and Warranties 
 The Grantors, jointly and severally, represent and warrant to the Agent, for the benefit of the Secured Parties, that: 
 Section 3.01. Title, Perfection and Priority; Filing Collateral. This Security Agreement is effective to create a legal, valid and enforceable Lien on and security interest in the Collateral
in which a security interest may be perfected by filing a financing statement under the UCC in favor of the Agent for the ratable benefit of the Secured Parties, subject, as to enforceability, to applicable bankruptcy, insolvency or similar laws
affecting creditors’ rights generally and to general principles of equity and principles of good faith and dealing, and when appropriate financing statements have been filed with the Secretary of State of the state of organization of such
Grantor against such Grantor, the Agent will have a fully perfected First Priority Lien on such Collateral. 

Section 3.02. Type and Jurisdiction of Organization, Organizational and Identification Numbers. As of the Closing Date, the
type of entity of each Grantor, its jurisdiction of organization, the organizational number, if any, issued to it by its jurisdiction of organization and its Federal Taxpayer Identification Number are accurately set forth on Schedule 1(a) to the
Perfection Certificate. 
 Section 3.03. Principal Location. As of the Closing Date, the address of each
Grantor’s chief executive office is accurately disclosed on Schedule 2(a) to the Perfection Certificate. 

Section 3.04. Collateral Locations. Each location where material Collateral consisting of Inventory or Equipment is located
as of the Closing Date (except for Collateral in transit) is accurately listed on Schedules 2(c) and 2(d) of the Perfection Certificate. All of said locations are owned by a Grantor except for locations (a) that are leased by a Grantor as
lessee and designated as such on Schedule 2(d) of the Perfection Certificate and (b) at which Inventory is held in a public warehouse or is otherwise held by a bailee or on consignment as designated on Schedule 2(d) of the Perfection
Certificate. 
 Section 3.05. Bailees, Warehousemen, Etc. The Perfection Certificate accurately sets forth a list,
as of the Closing Date, of each bailee, warehouseman and other third party in possession or control of any material Inventory of any Grantor (except for any such Collateral in transit). 

  
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 Section 3.06. Exact Names. As of the Closing Date, the name in which each
Grantor has executed this Security Agreement and each other Loan Document to which such Grantor is a party is the exact legal name of such Grantor as it appears in such Grantor’s Organizational Documents, as filed with the Secretary of State of
such Grantor’s jurisdiction of organization. 
 Section 3.07. Letter-of-Credit Rights and Tangible Chattel
Paper. As of the Closing Date, Schedule 8 to the Perfection Certificate lists all Letter-of-Credit Rights with value in excess of $1,500,000 and Schedule 4 to the Perfection Certificate lists all Tangible Chattel Paper with value in excess of
$1,500,000 of each Grantor. 
 Section 3.08. Accounts and Chattel Paper. The names of the obligors, amounts owing,
due dates and other material information with respect to each Grantor’s Accounts and Chattel Paper that are Collateral are correctly stated in all material respects in the records of such Grantor relating thereto and, to the extent they have
been created, in all invoices, to the extent that such records and invoices are required to be furnished to the Agent by such Grantor from time to time. 
 Section 3.09. [Reserved.] 
 Section 3.10. Intellectual Property.
(a) As of the Closing Date, no Grantor has any exclusive ownership interest in, or title to, any material registered Patent, Trademark or Copyright except as set forth in Schedules 5(a) or 5(b) to the Perfection Certificate. Upon filing of
appropriate financing statements with the Secretary of State of the state of organization of such Grantor and the filing of this Security Agreement (or a fully executed short form agreement in form and substance reasonably satisfactory to the Agent)
with the United States Copyright Office or the United States Patent and Trademark Office, as applicable, the Agent shall have a fully perfected First Priority Lien on the Collateral constituting Patents, Trademarks and Copyrights under the UCC and
the laws of the United States for the ratable benefit of the Secured Parties, and such perfected security interests shall be enforceable as such as against any and all creditors of and purchasers from the Grantors, subject to applicable bankruptcy,
insolvency or similar laws affecting creditors’ rights generally and to general principles of equity and principles of good faith and dealing. 
 (b) Each Grantor represents and warrants that it has good and marketable title to or a valid license or right to use, all Patents, Trademarks, Copyrights and Trade Secrets necessary for the present
conduct of its business, without, to the knowledge of the Borrower Agent and its Subsidiaries, any infringement, misuse, misappropriation, or violation, individually or in the aggregate, of the rights of others, and free from any burdensome
restrictions on the present conduct of its business, except where such failure to own or license or where such infringement, misuse, misappropriation or violation or restrictions would not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect. 
 (c) Each Grantor represents and warrants that such Grantor is not aware
of any third-party claim (i) that any of its owned Patent, Trademark or Copyright registrations or applications is invalid or unenforceable, or (ii) challenging Grantor’s rights to such registrations and applications, and no Grantor
is aware of any basis for such claims, other than, in each case, to the extent any such third-party claims would not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 3.11. [Reserved.]  

Section 3.12. Pledged Collateral. As of the Closing Date, Schedules 3 and 4 of the Perfection Certificate set forth a
complete and accurate list of all of promissory notes, Instruments (other than checks to be deposited in the ordinary course of business) and Tangible Chattel Paper, in each case exceeding $1,500,000, held by any Grantor and, all Pledged Stock of
each Grantor, together with the percentage of the total issued and outstanding Capital Stock of the issuer thereof represented thereby. Each Grantor further represents and warrants that (i) all Pledged Stock has been (to the extent such
concepts are relevant with respect to such Pledged Collateral) duly authorized and validly issued by the issuer thereof and are fully paid and non-assessable, (ii) with respect to any certificates delivered to the Agent (or its bailee)
representing Capital Stock, either such certificates are Securities as defined in Article 8 of the UCC as a result of actions by the issuer or otherwise, or, if such certificates are not Securities, such Grantor has so informed the Agent so that the
Agent (or its bailee) may take steps to perfect its security interest therein as a General Intangible and (iii) it has complied with the procedures set forth in Section 4.03 hereof with respect to all Pledged Collateral. 

Section 3.13. Commercial Tort Claims. As of the Closing Date, no Grantor holds any Commercial Tort Claims having a value in
excess of $1,500,000, except as indicated on Schedule 6 to the Perfection Certificate. 
 Section 3.14. Perfection
Certificate. The Perfection Certificate and each Perfection Certificate Supplement has been duly prepared, completed and executed and the information set forth therein is correct and complete in all material respects as of the Closing Date or,
in the case of each Perfection Certificate Supplement, as of the date of delivery thereof. 
 Section 3.15. [Reserved.]

 Section 3.16. Certain Significant Transactions. During the four month period preceding the date of this Security
Agreement, no Person shall have merged or consolidated with or into any Grantor, and no Person shall have liquidated into, or transferred all or substantially all of its assets to, any Grantor, in each case except as described in Schedule
1(d) of the Perfection Certificate. 
 Section 3.17. Recourse. This Security Agreement is made with full
recourse to each Grantor and pursuant to and upon all the warranties, representations, covenants and agreements on the part of such Grantor contained herein, in the Loan Documents and otherwise in writing in connection herewith and therewith.

  
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 ARTICLE 4 
 Covenants 
 From the date hereof, and thereafter until the Termination Date, each
Grantor agrees that: 
 Section 4.01. General. 

(a) [Reserved.]  
 (b) Authorization to File Financing Statements; Ratification. Each Grantor hereby authorizes the Agent to file, and, if requested, agrees to execute and deliver to the Agent, all financing
statements, in form appropriate for filing under the UCC of the relevant jurisdiction, and other documents and take such other actions as may from time to time be reasonably requested by the Agent in order to establish and maintain a First Priority,
valid, enforceable (subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to general principles of equity and principles of good faith and dealing) and perfected security interest in and, with
respect to Pledged Collateral to the extent required under Section 4.03, Control of, the Collateral. Each Grantor shall pay any applicable filing fees, recordation taxes and related expenses relating to its Collateral. Any financing
statement filed by the Agent may be filed in any filing office in any applicable Uniform Commercial Code jurisdiction and may (i) be filed without the signature of such Grantor where permitted by law, (ii) indicate the Collateral
(A) as all assets of the applicable Grantor or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the Uniform Commercial Code of such jurisdiction, or
(B) by any other description which reasonably approximates the description contained in this Security Agreement, and (iii) contain any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office
acceptance of any financing statement or amendment, including (A) whether the Grantor is an organization, the type of organization and any organization identification number issued to the Grantor and (B) in the case of a financing
statement filed as a fixture filing, a sufficient description of real property to which the Collateral relates. Each Grantor also agrees to furnish any such information to the Agent promptly upon request. 

(c) Further Assurances. Each Grantor agrees, at its own expense, to take any and all actions reasonably necessary to
defend title to the Collateral against all Persons (other than Persons holding Permitted Liens on such Collateral that have priority over the Agent’s Lien) and to defend the security interest of the Agent in the Collateral and the priority
thereof against any Lien that is not a Permitted Lien. 
 (d) [Reserved.] 

(e) [Reserved.] 
 (f) [Reserved.]  
 (g) Change of Name, Etc. Each
Grantor agrees to furnish to the Agent prompt written notice of any change in: (i) such Grantor’s legal name; (ii) such Grantor’s identity or corporate structure, (iii) such Grantor’s jurisdiction of incorporation or
formation or (iv) such Grantor’s Federal Taxpayer Identification Number or organizational identification number assigned to it by its jurisdiction of incorporation or formation, and, in each case, shall promptly make all filings required
under the Uniform Commercial 

  
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Code or other applicable law and take all other actions reasonably requested by the Agent and deemed by the Agent to be necessary or reasonable and appropriate to ensure that the Agent shall
continue at all times following such change to have a valid, legal, enforceable (subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to general principles of equity and principles of good faith
and dealing) and perfected First Priority Lien in such Collateral for its benefit and the benefit of the other Secured Parties. 
 (h) Receivables. 
  

	a)	Certain Agreements on Receivables. As to Eligible Trade Receivables and Eligible Credit Card Receivables, no Grantor will make or agree to make any discount,
credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except in the ordinary course of business consistent with Grantor’s credit and
rebate policies and agreements with customers and its usual business practice as in effect from time to time. 

  

	b)	Collection of Receivables. As to Eligible Trade Receivables and Eligible Credit Card Receivables, except as otherwise provided in this Security Agreement, each
Grantor will collect and enforce, in accordance with its policies in effect from time to time and in the ordinary course of business, all material amounts due or hereafter due to such Grantor under the Receivables; except that, any Grantor may, with
respect to a Receivable, allow in the ordinary course of business (i) a refund or credit due as a result of ordinary course adjustments or returned or damaged or defective merchandise, (ii) such extensions of time to pay amounts due in
respect of Receivables and such other modifications of payment terms or settlements in respect of Receivables as shall be commercially reasonable in the circumstances, (iii) a credit, rebate or refund in accordance with such Grantor’s
credit, rebate and refund policies, as in effect from time to time, and (iv) a credit or rebate in accordance with written credit and/or rebate agreements entered into with specific customers prior to the incurrence of the Receivable, all in
accordance with such Grantor’s ordinary course of business consistent with its collection practices as in effect from time to time. 

  

	c)	Disclosure of Counterclaims on Receivables. As to Eligible Trade Receivables and Eligible Credit Card Receivables, if (i) any Grantor allows any material
discount or credit or enters into any agreement to make a rebate or to otherwise reduce the amount owing on a material amount of Eligible Trade Receivables or Eligible Credit Card Receivables (in each case, individually or in the aggregate and other
than discounts, credits, agreements or rebates that are in accordance with the Grantors collection policies in effect from time to time), or (ii) if, to the knowledge of any Grantor, any material dispute, setoff, claim, counterclaim or defense
exists or has been asserted with respect to a material amount of Eligible Trade Receivables or Eligible Credit Card Receivables (in each case, individually or in the aggregate), the Grantors will promptly disclose such fact to the Agent in writing.

  
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 Section 4.02. Pledged Collateral. 

(a) Delivery of Certificated Securities, Tangible Chattel Paper, Instruments and Documents. Each Grantor will,
subject to the last paragraph of Section 4.01 of the Revolving Facility Credit Agreement and the Intercreditor Agreement, (a) on the Closing Date, deliver to the Agent for the benefit of the Secured Parties, the originals of all
(x) certificated Securities and (y) Tangible Chattel Paper and Instruments, in each case under this clause (y), having an outstanding balance in excess of $1,500,000, in each case, constituting Collateral owned by such Grantor as of
the Closing Date, accompanied by undated instruments of transfer or assignment duly executed in blank, (b) after the Closing Date, hold in trust for the Agent upon receipt and, on or prior to the later to occur of (i) 30 days following the
date of such receipt and (ii) the earlier of the date of the required delivery of the next Compliance Certificate following such receipt and the date which is 45 days after the end of the most recently ended Fiscal Quarter (or such later date
as may be acceptable to the Agent in its discretion), deliver to the Agent for the benefit of the Secured Parties (x) certificated Securities and (y) Tangible Chattel Paper and Instruments, in each cause under this clause (y),
having an outstanding balance in excess of $1,500,000, in each case, constituting Collateral received after the date hereof, accompanied by undated instruments of transfer or assignment duly executed in blank and (c) upon the occurrence and
during the continuance of an Event of Default and upon the Agent’s request, deliver to the Agent, and thereafter hold in trust for the Agent upon receipt and promptly deliver to the Agent any other Document evidencing or constituting
Collateral. 
 (b) Uncertificated Securities and Pledged Collateral. With respect to (i) any
uncertificated Pledged Stock or any Pledged Collateral held by a Clearing Corporation, Securities Intermediary or other financial intermediary of any kind, at the Agent’s request, the relevant Grantor shall execute and deliver, and shall cause
any such issuer or intermediary to execute and deliver, an agreement among such Grantor, the Agent and such issuer or intermediary in form and substance reasonably satisfactory to the Agent which provides, among other things, for the issuer’s
or intermediary’s agreement that it will comply with such entitlement orders, and apply any value distributed on account of any Pledged Collateral, as directed by the Agent without further consent by such Grantor and (ii) any partnership
interest or limited liability company interest of any Grantor (other than a partnership interest or limited liability company interest held by a Clearing Corporation, Securities Intermediary or other financial intermediary of any kind) not
represented by a certificate and/or which is not a Security for purposes of the UCC, such Grantor shall not permit any issuer of such partnership interests or limited liability company interests to (A) enter into any agreement with any Person,
other than the Agent and the Term Loan Agent, whereby such issuer effectively delivers “control” of such partnership interests or limited liability company interests (as applicable) under the UCC to such Person, or (B) allow such
partnership interests or limited liability company interests (as applicable) to become Securities unless such Grantor complies with the procedures set forth in Sections 4.03(a) or 4.03(b)(i), as applicable. 

(c) Registration in Nominee Name; Denominations. Subject to the terms of the Intercreditor Agreement, the Agent, on
behalf of the Secured Parties, shall hold certificated Pledged Collateral required to be delivered to the Agent under clause (a) above in the name of the applicable Grantor, endorsed or assigned in blank or in favor of

  
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the Agent, but following the occurrence and during the continuance of an Event of Default and upon three Business Days’ notice to the Company, the Agent shall have the right (in its sole and
absolute discretion) to hold the Pledged Collateral in its own name as pledgee, or in the name of its nominee (as pledgee or as sub-agent). Subject to the terms of the Intercreditor Agreement, following the occurrence and during the continuance of
an Event of Default, the Agent shall at all times have the right to exchange the certificates representing Pledged Collateral for certificates of smaller or larger denominations for any purpose consistent with this Security Agreement. 

(d) Exercise of Rights in Pledged Collateral. Subject, in each case, to the Intercreditor Agreement, 

(i) without in any way limiting the foregoing and subject to clause (ii) below, each Grantor shall have
the right to exercise all voting rights or other rights relating to the Pledged Collateral for all purposes not inconsistent with this Security Agreement, the Revolving Facility Credit Agreement or any other Loan Document; 

(ii) each Grantor will permit the Agent or its nominee at any time after the occurrence and during the continuance of
an Event of Default and upon three Business Days’ prior written notice from the Agent to the Grantors stating its intent to exercise remedies under this Section 4.03(d)(ii), to exercise all voting rights or other rights relating to
Pledged Collateral, including, without limitation, exchange, subscription or any other rights, privileges, or options pertaining to any Capital Stock or Investment Property constituting Pledged Collateral as if it were the absolute owner thereof, in
each case in accordance with the terms of the Revolving Facility Credit Agreement, the other Loan Documents and applicable law; and 
 (iii) each Grantor shall be entitled to receive and retain any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Collateral;
provided that any non-cash dividends or other distributions that would constitute Pledged Collateral, whether resulting from a subdivision, combination or reclassification of the outstanding Capital Stock of the issuer of any Pledged
Collateral or received in exchange for Pledged Collateral or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be
and become part of the Pledged Collateral, and, if received by any Grantor, shall be delivered to the Agent as and to the extent required by clause (a) above. So long as no Event of Default has occurred and is continuing, the Agent shall
promptly deliver to each Grantor (without recourse and without any representation or warranty) any Pledged Collateral in its possession if requested to be delivered to the issuer thereof in connection with any redemption or exchange of such Pledged
Collateral permitted by the Revolving Facility Credit Agreement. 

  
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 Section 4.03. Intellectual Property. (a) Upon the occurrence and during the
continuance of an Event of Default and upon the written request of the Agent, each Grantor will use its commercially reasonable efforts to obtain all consents and approvals necessary or appropriate for the assignment to or for the benefit of the
Agent of any License held by such Grantor to enable the Agent to enforce the security interests granted hereunder. To the extent required pursuant to any License pursuant to which a Grantor is the licensee,, each Grantor party to such License shall
deliver to the licensor thereunder any notice of the grant of security interest hereunder or such other notices required to be delivered thereunder in order to permit the security interest created or permitted to be created hereunder pursuant to the
terms of such License. 
 (b) Each Grantor shall notify the Agent promptly if it knows or reasonably expects that
any application or registration of any Patent, Trademark, Domain Name, or Copyright (now or hereafter existing) may become abandoned or dedicated to the public, or of any determination or development (including the institution of, or any such
determination or development in, any proceeding in the United States Patent and Trademark Office, the United States Copyright Office or any court) abandoning such Grantor’s ownership of any such Patent, Trademark or Copyright, its right to
register the same, or to keep and maintain the same, except, in each case, for dispositions permitted under the Revolving Facility Credit Agreement or where such occurrences individually or in the aggregate, could not result in a Material Adverse
Effect on the business of such Grantor. 
 (c) In the event that a Grantor files an application for the
registration of any material Patent, Trademark or Copyright with the United States Patent and Trademark Office, the United States Copyright Office or any similar office or agency, it shall, on or prior to the later to occur of (i) 30 days
following the date of such filing and (ii) the earlier of the date of the required delivery of the next Compliance Certificate following such filing and the date that is 45 days after the end of the most recently ended Fiscal Quarter (or such
later date as may be acceptable to the Agent in its discretion), provide the Agent with written notice thereof, and, upon request of the Agent, such Grantor shall execute and deliver any and all security agreements or other instruments as the Agent
may reasonably request to evidence the Agent’s security interest in such Patent, Trademark or Copyright, and the General Intangibles of such Grantor relating thereto or represented thereby. 

(d) Each Grantor shall take all actions necessary or reasonably requested by the Agent to maintain and pursue each
application, to obtain the relevant registration and to maintain the registration of each of the Patents, Trademarks, Domain Names and Copyrights (now or hereafter existing) where failure to do so could reasonably be expected to result in a Material
Adverse Effect on the business of the Grantors, taken as a whole, or except as otherwise permitted under the Revolving Facility Credit Agreement, including the filing of applications for renewal, affidavits of use, affidavits of noncontestability
and, if consistent with good business judgment, to initiate opposition and interference and cancellation proceedings against third parties. 

  
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 (e) Each Grantor shall promptly notify the Agent of any material
infringement or misappropriation of such Grantor’s Patents, Trademarks, Copyrights or Trade Secrets of which it becomes aware and shall, if consistent with good business judgment, promptly sue for infringement, misappropriation or dilution of
such Patent, Trademark or Copyright and to recover any and all damages for such infringement, misappropriation or dilution, and shall take such other actions as are reasonable and appropriate under the circumstances to protect such Patent,
Trademark, Copyright or Trade Secret, except where such infringement, misappropriation or dilution could not reasonably be expected to cause a Material Adverse Effect. 
 Section 4.04. Commercial Tort Claims. After the Closing Date, on or prior to the later to occur of (i) 30 days following the date of such acquisition and (ii) the earlier of the date
of the required delivery of the next Compliance Certificate following such acquisition and the date which is 45 days after the end of the most recently ended Fiscal Quarter (or such later date as may be acceptable to the Agent in its discretion),
each Grantor shall notify the Agent of any Commercial Tort Claim having a value in excess of $1,500,000 (taking the greater of the aggregate claimed damages thereunder or the reasonably estimated value thereof) acquired by it, together with a
written update to Schedule 6 of the Perfection Certificate describing the details thereof, and such Commercial Tort Claims shall automatically be subject to a First Priority security interest of the Agent therein and in the Proceeds thereof, all
upon the terms of this Security Agreement. 
 Section 4.05. Letter-of-Credit Rights. Subject to the Intercreditor
Agreement, if any Grantor is or becomes the beneficiary of a letter of credit having a face amount in excess of $1,500,000, such Grantor shall, on or prior to the later to occur of (i) 30 days following the date of such acquisition and
(ii) the earlier of the date of the required delivery of the next Compliance Certificate following such acquisition and the date which is 45 days after the end of the most recently ended Fiscal Quarter (or such later date as may be acceptable
to the Agent in its discretion), notify the Agent thereof. 
 Section 4.06. [Reserved.]  

Section 4.07. Insurance. All insurance policies with respect to the Collateral shall name the Agent (on behalf of the
Revolving Lenders) as an additional insured or as loss payee, as applicable, and, in the case of casualty insurance policies, (including any business interruption policies) shall contain loss payable clauses or endorsements in form and substance
reasonably satisfactory to the Agent. Subject to the Intercreditor Agreement and except to the extent otherwise permitted to be retained by such Grantor or applied by such Grantor pursuant to the terms of the Loan Documents, the Agent shall, at the
time any proceeds of any insurance are distributed to the Secured Parties, apply such proceeds in accordance with Section 5.04 hereof. Each Grantor assumes all liability and responsibility in connection with the Collateral acquired by it
and the liability of such Grantor to pay the Secured Obligations shall in no way be affected or diminished by reason of the fact that such Collateral may be lost, destroyed, stolen, damaged or for any reason whatsoever unavailable to such Grantor.

 Section 4.08. Collateral Access Agreements. Each Grantor shall use commercially reasonable efforts to obtain a
collateral access agreement (“Collateral Access Agreement”) in substantially the form of Exhibit D or E, as applicable, from the lessor of each of its leased properties (other than stores) and the bailee, warehouseman
or other third party with respect to 

  
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any warehouse or other location, in each case where Inventory having a value in excess of $500,000 is stored or located (other than with respect to locations where Inventory is stored or located
on a temporary basis (not to exceed 60 days) in connection with docking and stevedoring services related to such Inventory). 

Section 4.09. Grantors Remain Liable Under Contracts. Each Grantor (rather than the Agent or any Secured Party) shall remain
liable (as between itself and any relevant counterparty) to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Collateral, all in accordance with the
terms and conditions thereof. Neither the Agent nor any other Secured Party shall have any obligation or liability under any Contract by reason of or arising out of this Security Agreement or the receipt by the Agent or any other Secured Party of
any payment relating to such Contract pursuant hereto, nor shall the Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Contract, to make any payment, to make any
inquiry as to the nature or sufficiency of any performance or to collect the payment of any amounts which may have been assigned to them or to which they may be entitled at any time or times. 

Section 4.10. Grantors Remain Liable Under Accounts. Anything herein to the contrary notwithstanding, the Grantors shall
remain liable under each of the Accounts to observe and perform all of the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to such Accounts. Neither the Agent
nor any other Secured Party shall have any obligation or liability under any Account (or any agreement giving rise thereto) by reason of or arising out of this Security Agreement or the receipt by the Agent or any other Secured Party of any payment
relating to such Account pursuant hereto, nor shall the Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Account (or any agreement giving rise thereto), to make any
payment, to make any inquiry as to the nature or the sufficiency of any payment received by them or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto), to present or file any claim, to take
any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them or to which they may be entitled at any time or times. 
 Section 4.11. Blocked Account Agreements. No Grantor maintains, or at any time after the date of this Security Agreement shall establish or maintain, any Blocked Account, except for such
accounts maintained with a bank (as defined in Section 9-102 of the UCC) whose jurisdiction (determined in accordance with Section 9-304 of the UCC) is within a state of the United States. For each Blocked Account established or maintained
after the Closing Date, a Perfection Certificate Supplement shall be provided solely to reflect such Blocked Account. 

  
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 ARTICLE 5 
 Remedies 
 Section 5.01. Remedies. (a) Each Grantor agrees that,
upon the occurrence and during the continuance of an Event of Default, the Agent may exercise any or all of the following rights and remedies (in addition to the rights and remedies existing under applicable law): 

(i) those rights and remedies provided in this Security Agreement, the Revolving Facility Credit Agreement, or any other
Loan Document; provided that this Section 5.01(a) shall not be understood to limit any rights available to the Agent and the Revolving Lenders prior to an Event of Default; 

(ii) those rights and remedies available to a secured party under the UCC (whether or not the UCC applies to the
affected Collateral) or under any other applicable law (including, without limitation, any law governing the exercise of a bank’s right of setoff or bankers’ Lien) when a debtor is in default under a security agreement; 

(iii) give notice of sole control or any other instruction under any Blocked Account Agreement, Collateral Access
Agreement or any other control or similar agreement and take any action permitted therein with respect to the applicable Collateral; 
 (iv) without notice (except as specifically provided in Section 7.01 or elsewhere herein), demand or advertisement of any kind to any Grantor or any other Person, personally, or by agents
or attorneys, enter the premises of any Grantor where any Collateral is located (through self-help and without judicial process) to collect, receive, assemble, process, appropriate, sell, lease, assign, grant an option or options to purchase or
otherwise dispose of, deliver, or realize upon, the Collateral or any part thereof in one or more parcels at public or private sale or sales (which sales may be adjourned or continued from time to time with or without notice and may take place at
such Grantor’s premises or elsewhere), for cash, on credit or for future delivery without assumption of any credit risk, and upon such other terms as the Agent may deem commercially reasonable; 

(v) upon three Business Days’ written notice to the Grantors, transfer and register in its name or in the name
of its nominee the whole or any part of the Pledged Collateral, to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations, and subject to the notice
requirements of Section 4.03(d)(ii), to exercise the voting and all other rights as a holder with respect thereto, to collect and receive all cash dividends, interest, principal and other distributions made thereon and to otherwise act
with respect to the Pledged Collateral as though the Agent was the outright owner thereof; 
 (vi) subject
to the Intercreditor Agreement, instruct all depositary banks which have entered into a Blocked Account Agreement to transfer all monies, securities and instruments held by such depositary bank to the Administrative Agent Account and without notice
to or assent by any Grantor, apply any or all amounts then in, or thereafter deposited in the Administrative Agent Account toward the payment of the Secured Obligations in the manner provided in Section 5.04 hereof; and 

  
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 (vii) take possession of the Collateral or any part thereof, by directing
such Grantor in writing to deliver the same to the Agent at any reasonable place or places designated by the Agent, in which event such Grantor shall at its own expense: 
 (1) forthwith cause the same to be moved to the place or places so designated by the Agent and there delivered to the Agent; 
 (2) store and keep any Collateral so delivered to the Agent at such place or places pending further action by the Agent; and 
 (3) while the Collateral shall be so stored and kept, provide such security and maintenance services as shall be reasonably necessary to protect the same and to preserve and maintain it in good
condition. 
 (b) Each Grantor acknowledges and agrees that the compliance by the Agent, on behalf of the Secured
Parties, with any applicable state or federal law requirements in connection with a disposition of the Collateral will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral. 

(c) The Agent shall have the right upon any public sale or sales and, to the extent permitted by law, upon any private
sale or sales, to purchase for the benefit of the Agent and the Secured Parties, the whole or any part of the Collateral so sold, free of any right of equity redemption, which equity redemption each Grantor hereby expressly releases. 

(d) Until the Agent is able to effect a sale, lease, transfer or other disposition of Collateral under this
Section 5.01, the Agent shall have the right to hold or use Collateral, or any part thereof, to the extent that it deems appropriate for the purpose of preserving Collateral or the value of the Collateral, or for any other purpose deemed
appropriate by the Agent. Upon the occurrence and during the continuance of an Event of Default, the Agent may, if it so elects, seek the appointment of a receiver or keeper to take possession of Collateral and to enforce any of the Agent’s
remedies (for the benefit of the Agent and Secured Parties), with respect to such appointment without prior notice or hearing as to such appointment. 
 (e) [Reserved.] 
 (f) Notwithstanding the foregoing, neither
the Agent nor the Secured Parties shall be required to (i) make any demand upon, or pursue or exhaust any of their rights or remedies against, the Grantors, any other obligor, guarantor, pledgor or any other Person with respect to the payment
of the Secured Obligations or to pursue or exhaust any of their rights or remedies with respect to any Collateral therefor or any direct or indirect guarantee thereof, (ii) marshal the Collateral or any guarantee of the Secured Obligations or
to resort to the Collateral or any such guarantee in any particular order, or (iii) effect a public sale of any Collateral. 

  
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 (g) Each Grantor recognizes that the Agent may be unable to effect a public
sale of any or all the Pledged Collateral and may be compelled to resort to one or more private sales thereof. Each Grantor also acknowledges that any private sale may result in prices and other terms less favorable to the seller than if such sale
were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner solely by virtue of such sale being private. The Agent shall be under no
obligation to delay a sale of any of the Pledged Collateral for the period of time necessary to permit any Grantor or the issuer of the Pledged Collateral to register such securities for public sale under the Securities Act of 1933, as amended, or
under applicable state securities laws, even if any Grantor and the issuer would agree to do so. 
 (h)
Notwithstanding the foregoing, any rights and remedies provided in this Section 5.01 shall be subject to the Intercreditor Agreement. 
 Section 5.02. Grantors’ Obligations Upon Default. Upon the request of the Agent after the occurrence and during the continuance of an Event of Default, each Grantor will: 

(a) At its own cost and expense (i) assemble and make available to the Agent the Collateral and all books and
records relating thereto at any place or places reasonably specified by the Agent, whether at such Grantor’s premises or elsewhere, (ii) deliver all tangible evidence of its Accounts and Contract Rights (including, without limitation, all
documents evidencing the Accounts and all Contracts) and such books and records to the Agent or to its representatives (copies of which evidence and books and records may be retained by such Grantor) and (iii) if the Agent so directs, such
Grantor shall legend, in form and manner satisfactory to the Agent, the Accounts and the Contracts, as well as books, records and documents (if any) of such Grantor evidencing or pertaining to such Accounts and Contracts with an appropriate
reference to the fact that such Accounts and Contracts have been assigned to the Agent and that the Agent has a security interest therein; 
 (b) permit the Agent, by the Agent’s representatives and agents, to enter, occupy and use any premises where all or any part of the Collateral, or the books and records relating thereto, or
both, are located, to take possession of all or any part of the Collateral or the books and records relating thereto, or both, to remove all or any part of the Collateral or the books and records relating thereto, or both, and to conduct sales of
the Collateral, without any obligation to pay any Grantor for such use and occupancy. 
 Section 5.03. Intellectual
Property Remedies. (a) For the purpose of enabling the Agent to exercise the rights and remedies under this Article 5 upon the occurrence and during the continuance of an Event of Default and at such time as the Agent shall be
lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Agent a power of attorney to sign any document which may be required by the United States Patent and Trademark Office or similar registrar in order to effect
an absolute assignment of all right, title and interest in each registered Patent, Trademark, Domain Name, and Copyright and each application for such registration, and record the same. If an Event of Default shall occur and be continuing, the Agent
may (i) declare the entire right, title and interest of such Grantor in and to each Patent, 

  
 21 

 
Trademark, Domain Name, Copyright or Trade Secret vested in the Agent for the benefit of the Secured Parties, in which event such rights, title and interest shall immediately vest, in the Agent
for the benefit of the Secured Parties, and the Agent shall be entitled to exercise the power of attorney referred to in this Section 5.03 hereof to execute, cause to be acknowledged and notarized and record said absolute assignment with
the applicable agency or registrar; (ii) sell any Grantor’s Inventory directly to any Person, including without limitation Persons who have previously purchased any Grantor’s Inventory from such Grantor and in connection with any such
sale or other enforcement of the Agent’s rights under this Security Agreement, may (subject to any restrictions contained in applicable third party licenses entered into by a Grantor) sell Inventory which bears any Trademark owned by or
licensed to any Grantor and any Inventory that is covered by any Copyright owned by or licensed to such Grantor and the Agent may finish any work in process and affix any relevant Trademark owned by or licensed to any Grantor and sell such Inventory
as provided herein; (iii) direct such Grantor to refrain, in which event such Grantor shall refrain, from using any Patent, Trademark, Domain Name, Copyright, and Trade Secret in any manner whatsoever, directly or indirectly; and
(iv) assign or sell the Patents, Trademarks, Copyrights, Domain Names, and Trade Secrets, as well as the goodwill of such Grantor’s business symbolized by the Trademarks and the right to carry on the business and use the assets of such
Grantor in connection with which the Trademarks or Domain Names have been used. 
 (b) Each Grantor hereby
grants to the Agent an irrevocable, nonexclusive license to use, license or sublicense any Patents, Trademarks, Copyrights and Trade Secrets now owned or hereafter acquired by such Grantor, wherever the same may be located, and including in such
license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for compilation or printout thereof. The use of the license granted pursuant to the preceding sentence by the
Agent may be exercised, at the option of the Agent, only upon the occurrence and during the continuance of an Event of Default; provided, however, that any license, sublicense or other transaction entered into by the Agent in accordance with
this clause (b) shall be binding upon each Grantor notwithstanding any subsequent cure of an Event of Default. 

Section 5.04. Application of Proceeds. (a) Subject to the Intercreditor Agreement, the Agent shall apply the proceeds of
any collection, sale, foreclosure or other realization upon any Collateral, as well as any Collateral consisting of Cash, as set forth in Section 2.18(b) of the Revolving Facility Credit Agreement. 

(b) Except as otherwise provided herein or in the other Loan Documents, the Agent shall have absolute discretion as to the
time of application of any such proceeds, moneys or balances in accordance with this Security Agreement. Upon any sale of Collateral by the Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt
of the Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase
money paid over to the Agent or such officer or be answerable in any way for the misapplication thereof. It is understood that the Grantors shall remain jointly and severally liable to the extent of any deficiency between the amount of the proceeds
of the Collateral and the aggregate amount of the Secured Obligations. 

  
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 ARTICLE 6 
 Account Verification; Attorney in Fact; Proxy 
 Section 6.01. Account
Verification. The Agent may at any time and from time to time following the occurrence and during the continuance of an Event of Default, in the Agent’s own name, in the name of a nominee of the Agent, or in the name of any Grantor
communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of such Grantor, parties to contracts with such Grantor and obligors in respect of Instruments of such Grantor to verify with such Persons, to the Agent’s
reasonable satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Chattel Paper, payment intangibles and/or other Receivables that are Collateral. 

Section 6.02. Authorization for Secured Party to Take Certain Action. (a) Each Grantor hereby irrevocably authorizes the
Agent and appoints the Agent (and all officers, employees or agents designated by the Agent) as its true and lawful attorney in fact (i) at any time and from time to time in the sole discretion of the Agent (A) to execute on behalf of such
Grantor as debtor and to file financing statements necessary or desirable in the Agent’s reasonable discretion to perfect and to maintain the perfection and priority of the Agent’s security interest in the Collateral, (B) to file a
carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement (which would not
add new collateral or add a debtor, except as otherwise provided for herein or in any other Loan Document) in such offices as the Agent in its reasonable discretion deems necessary or desirable to perfect and to maintain the perfection and priority
of the Agent’s security interest in the Collateral, and (C) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Pledged Collateral or with securities intermediaries holding Pledged
Collateral as may be necessary or advisable to give the Agent Control over such Pledged Collateral (subject to the terms of the Intercreditor Agreement); (ii) at any time following the occurrence and during the continuance of an a Cash Dominion
Event, to endorse and collect any cash proceeds of the Collateral and to apply the proceeds of any Collateral received by the Agent to the Secured Obligations as provided herein or in the Revolving Credit Facility Agreement, (iii) at any time
following the occurrence and during the continuance of an Event of Default, in the sole discretion of the Agent (in the name of such Grantor or otherwise), (A) to endorse and collect any cash proceeds of the Collateral and to apply the proceeds
of any Collateral received by the Agent to the Secured Obligations as provided herein or in the Revolving Facility Credit Agreement or any other Loan Document, subject to the terms of the Intercreditor Agreement, (B) to demand payment or
enforce payment of the Receivables in the name of the Agent or any Grantor and to endorse any and all checks, drafts, and other instruments for the payment of money relating to the Receivables, (C) to sign any Grantor’s name on any invoice
or bill of lading relating to the Receivables, drafts against any Account Debtor of such Grantor, assignments and verifications of Receivables, (D) to exercise all of any Grantor’s rights and remedies with respect to the collection of the
Receivables and any other Collateral, (E) to settle, adjust, compromise, extend or renew the Receivables, (F) to settle, adjust or compromise any legal proceedings brought to collect Receivables, (G) to prepare, file and sign any
Grantor’s name on a proof of claim in bankruptcy or similar document against any Account Debtor of such Grantor, (H) to prepare, file and sign any Grantor’s name on any notice of Lien, assignment or satisfaction of Lien or similar
document in connection with the Receivables, (I) to change the 

  
 23 

 
address for delivery of mail addressed to any Grantor to such address as the Agent may designate and to receive, open and dispose of all mail addressed to such Grantor (provided copies of such
mail is provided to such Grantor), (J) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for Permitted Liens), (K) to make, settle and adjust claims in respect of Collateral under policies of
insurance, endorse the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance, (L) make all determinations and decisions with respect thereto and (M) obtain or maintain
the policies of insurance of the types referred to in Section 5.05 of the Revolving Facility Credit Agreement or to pay any premium in whole or in part relating thereto; and (iii) to do all other acts and things or institute any
proceedings which the Agent may reasonably deem to be necessary or advisable (pursuant to this Security Agreement and the other Loan Documents and in accordance with applicable law) to carry out the terms of this Security Agreement and to protect
the interests of the Secured Parties; and, to the extent required pursuant to Section 9.03(a) of the Revolving Facility Credit Agreement, each Grantor agrees to reimburse the Agent on demand for any payment made in connection with this
paragraph or any expense (including attorneys’ fees, court costs and expenses) and other changes related thereto incurred by the Agent in connection with any of the foregoing and any such sums shall constitute additional Secured Obligations;
provided that, this authorization shall not relieve any Grantor of any of its obligations under this Security Agreement or under the Revolving Facility Credit Agreement. 

(b) All acts of said attorney or designee are hereby ratified and approved by the Grantors. The powers conferred on the
Agent, for the benefit of the Agent and Secured Parties, under this Section 6.02 are solely to protect the Agent’s interests in the Collateral and shall not impose any duty upon the Agent or any Secured Party to exercise any such
powers. 
 Section 6.03. PROXY. EACH GRANTOR HEREBY IRREVOCABLY CONSTITUTES AND APPOINTS THE AGENT AS ITS PROXY AND
ATTORNEY-IN-FACT (AS SET FORTH IN SECTION 6.02 ABOVE) WITH RESPECT TO THE PLEDGED COLLATERAL, INCLUDING THE RIGHT TO VOTE SUCH PLEDGED COLLATERAL, WITH FULL POWER OF SUBSTITUTION TO DO SO. IN ADDITION TO THE RIGHT TO VOTE ANY SUCH PLEDGED
COLLATERAL, THE APPOINTMENT OF THE AGENT AS PROXY AND ATTORNEY-IN-FACT SHALL INCLUDE THE RIGHT TO EXERCISE ALL OTHER RIGHTS, POWERS, PRIVILEGES AND REMEDIES TO WHICH A HOLDER OF SUCH PLEDGED COLLATERAL WOULD BE ENTITLED (INCLUDING GIVING OR
WITHHOLDING WRITTEN CONSENTS OF SHAREHOLDERS, CALLING SPECIAL MEETINGS OF SHAREHOLDERS AND VOTING AT SUCH MEETINGS). SUCH PROXY SHALL BE EFFECTIVE, AUTOMATICALLY AND WITHOUT THE NECESSITY OF ANY ACTION (INCLUDING ANY TRANSFER OF ANY SUCH PLEDGED
COLLATERAL ON THE RECORD BOOKS OF THE ISSUER THEREOF) BY ANY PERSON (INCLUDING THE ISSUER OF SUCH PLEDGED COLLATERAL OR ANY OFFICER OR AGENT THEREOF), ONLY UPON THE OCCURRENCE AND DURING THE CONTINUANCE OF AN EVENT OF DEFAULT AND UPON THREE BUSINESS
DAYS’ PRIOR WRITTEN NOTICE TO THE GRANTORS. 

  
 24 

 Section 6.04. NATURE OF APPOINTMENT; LIMITATION OF DUTY. THE APPOINTMENT OF THE
AGENT AS PROXY AND ATTORNEY-IN-FACT IN THIS ARTICLE 6 IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE UNTIL THE DATE ON WHICH THIS SECURITY AGREEMENT IS TERMINATED IN ACCORDANCE WITH SECTION 7.14. NOTWITHSTANDING ANYTHING CONTAINED HEREIN,
NEITHER THE AGENT, NOR ANY SECURED PARTY, NOR ANY OF THEIR RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR REPRESENTATIVES SHALL HAVE ANY DUTY TO EXERCISE ANY RIGHT OR POWER GRANTED HEREUNDER OR OTHERWISE OR TO PRESERVE THE SAME AND
SHALL NOT BE LIABLE FOR ANY FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO, EXCEPT TO THE EXTENT SUCH DAMAGES ARE ATTRIBUTABLE TO THEIR OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT AS FINALLY DETERMINED BY A COURT OF COMPETENT JURISDICTION;
PROVIDED THAT, IN NO EVENT SHALL THEY BE LIABLE FOR ANY PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES; PROVIDED, FURTHER, THAT THE FOREGOING EXCEPTION SHALL NOT BE CONSTRUED TO OBLIGATE THE AGENT TO TAKE OR REFRAIN FROM
TAKING ANY ACTION WITH RESPECT TO THE COLLATERAL. 
 ARTICLE 7 

General Provisions 
 Section 7.01. Waivers. To the maximum extent permitted by applicable law, each Grantor hereby waives notice of the time and place of any judicial hearing in connection with the Agent’s
taking possession of the Collateral or of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made, including without limitation, any and all prior notice and hearing for any
prejudgment remedy or remedies. To the extent such notice may not be waived under applicable law, any notice made shall be deemed reasonable if sent to the Grantors, addressed as set forth in Article 8, at least ten days prior to (a) the
date of any such public sale or (b) the time after which any such private sale or other disposition may be made. To the maximum extent permitted by applicable law, each Grantor waives all claims, damages, and demands against the Agent or any
Secured Party arising out of the repossession, retention or sale of the Collateral, except such as arise out of the gross negligence or willful misconduct of the Agent or such Secured Party as determined by a court of competent jurisdiction in a
final and non-appealable judgment. To the extent it may lawfully do so, each Grantor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against the Agent or any Secured Party, any valuation,
stay, appraisal, extension, moratorium, redemption or similar laws and any and all rights or defenses it may have as a surety now or hereafter existing which, but for this provision, might be applicable to the sale of any Collateral made under the
judgment, order or decree of any court, or privately under the power of sale conferred by this Security Agreement, or otherwise. Except as otherwise specifically provided herein, each Grantor hereby waives presentment, demand, protest, any notice
(to the maximum extent permitted by applicable law) of any kind or all other requirements as to the time, place and terms of sale in connection with this Security Agreement or any Collateral. 

Section 7.02. Limitation on Agent’s and Secured Party’s Duty with Respect to the Collateral. The Agent shall have
no obligation to clean-up or otherwise prepare the Collateral for sale. The Agent and each Secured Party shall use reasonable care with respect to the Collateral in its possession; provided that the Agent shall be deemed to have exercised

  
 25 

 
reasonable care in the custody and preservation of any Collateral in its possession if such Collateral is accorded treatment substantially equal to which it accords its own property. Neither the
Agent nor any Secured Party shall have any other duty as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Agent or such Secured Party, or any income thereon or as to the preservation of
rights against prior parties or any other rights pertaining thereto. To the extent that applicable law imposes duties on the Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it would be
commercially reasonable for the Agent (a) to fail to incur expenses deemed significant by the Agent to prepare Collateral for disposition or otherwise to transform raw material or work in process into finished goods or other finished products
for disposition, (b) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of
Collateral to be collected or disposed of, (c) to fail to exercise collection remedies against Account Debtors or other Persons obligated on Collateral or to remove Liens on or any adverse claims against Collateral, (d) to exercise
collection remedies against Account Debtors and other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (e) to advertise dispositions of Collateral through publications or media
of general circulation, whether or not the Collateral is of a specialized nature, (f) to contact other Persons, whether or not in the same business as the Grantor, for expressions of interest in acquiring all or any portion of such Collateral,
(g) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature, (h) to dispose of Collateral by utilizing internet sites that provide for the auction of
assets of the types included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to disclaim disposition
warranties, such as title, possession or quiet enjoyment, (k) to purchase insurance or credit enhancements to insure the Agent against risks of loss, collection or disposition of Collateral or to provide to the Agent a guaranteed return from
the collection or disposition of Collateral, or (l) to the extent deemed appropriate by the Agent, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist the Agent in the collection or
disposition of any of the Collateral. Each Grantor acknowledges that the purpose of this Section 7.02 is to provide non-exhaustive indications of what actions or omissions by the Agent would be commercially reasonable in the Agent’s
exercise of remedies against the Collateral and that other actions or omissions by the Agent shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 7.02. Without limitation upon the
foregoing, nothing contained in this Section 7.02 shall be construed to grant any rights to any Grantor or to impose any duties on the Agent that would not have been granted or imposed by this Security Agreement or by applicable law in
the absence of this Section 7.02. 
 Section 7.03. Compromises and Collection of Collateral. Each
Grantor and the Agent recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Receivables, that certain of the Receivables may be or become uncollectible in whole or in part and
that the expense and probability of success in litigating a disputed Receivable may exceed the amount that reasonably may be expected to be recovered with respect to a Receivable. In view of the foregoing, each Grantor agrees that the Agent may at
any time and from time to time, if an Event of Default has occurred and is continuing, compromise with the obligor on any Receivable, accept in full payment of any Receivable such amount as the Agent in its sole discretion shall determine or abandon
any Receivable, and any such action by the Agent shall be commercially reasonable so long as the Agent acts in good faith based on information known to it at the time it takes any such action. 

  
 26 

 Section 7.04. Secured Party Performance of Debtor Obligations. Without having
any obligation to do so, the Agent may, during the continuance of an Event of Default, perform or pay any obligation which any Grantor has agreed to perform or pay under this Security Agreement and the Grantor shall reimburse the Agent for any
amounts paid by the Agent pursuant to this Section 7.04. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand. 

Section 7.05. [Reserved.] 
 Section 7.06. [Reserved.]  
 Section 7.07.
No Waiver; Amendments; Cumulative Remedies. No delay or omission of the Agent or any Secured Party to exercise any right or remedy granted under this Security Agreement shall impair such right or remedy or be construed to be a waiver of any
Default or an acquiescence therein, and any single or partial exercise of any such right or remedy shall not preclude any other or further exercise thereof or the exercise of any other right or remedy. No waiver, amendment or other variation of the
terms, conditions or provisions of this Security Agreement whatsoever shall be valid unless in writing signed by the Grantors and the Agent with the concurrence or at the direction of the Revolving Lenders required under Section 9.02 of the
Revolving Facility Credit Agreement and then only to the extent in such writing specifically set forth. All rights and remedies contained in this Security Agreement or by law afforded shall be cumulative and all shall be available to the Agent and
the Secured Parties until the Termination Date. 
 Section 7.08. Limitation by Law; Severability of Provisions. All
rights, remedies and powers provided in this Security Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Security Agreement are intended to be
subject to all applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they shall not render this Security Agreement invalid, unenforceable or not entitled to be recorded or registered, in
whole or in part. To the extent permitted by law, any provision of this Security Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality
or unenforceability without affecting the validity, legality and enforceability of the remaining provisions of this Security Agreement; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in
any other jurisdiction. 
 Section 7.09. Security Interest Absolute. All rights of the Agent hereunder, the security
interests granted hereunder and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Revolving Facility Credit Agreement, any other Loan Document, any
agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured

  
 27 

 
Obligations, or any other amendment or waiver of or any consent to any departure from the Revolving Facility Credit Agreement, any other Loan Document or any other agreement or instrument
relating to the foregoing, (c) any exchange, release or nonperfection of any Lien on any Collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Secured
Obligations, (d) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of any Grantor, (e) any exercise or non-exercise, or any waiver of, any right, remedy, power or privilege under or
in respect of this Security Agreement or any other Loan Agreement or (f) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Secured Obligations or this Security
Agreement. 
 Section 7.10. Benefit of Security Agreement. The terms and provisions of this Security Agreement shall
be binding upon and inure to the benefit of each Grantor, the Agent and the Secured Parties and their respective successors and permitted assigns (including all Persons who become bound as a debtor to this Security Agreement), except that no Grantor
shall have the right to assign its rights or delegate its obligations under this Security Agreement or any interest herein, without the prior written consent of the Agent. No sales of participations, assignments, transfers, or other dispositions of
any agreement governing the Secured Obligations or any portion thereof or interest therein shall in any manner impair the Lien granted to the Agent, for the benefit of the Agent and the Secured Parties, hereunder. 

Section 7.11. Survival of Representations. All representations and warranties of each Grantor contained in this Security
Agreement shall survive the execution and delivery of this Security Agreement. 
 Section 7.12. Additional
Subsidiaries. Pursuant to and in accordance with Section 5.12 of the Revolving Facility Credit Agreement, each Domestic Subsidiary (other than an Excluded Subsidiary) of the Company that was not in existence or not a Subsidiary on the date
of the Revolving Facility Credit Agreement or that ceases to be an Excluded Subsidiary is required to enter in this Security Agreement as a Subsidiary Party upon becoming a Subsidiary or ceasing to be an Excluded Subsidiary, in each case, within the
time periods specified in Sections 5.12(a) and (e) of the Revolving Facility Credit Agreement. Upon execution and delivery by the Agent and such Subsidiary of an instrument in the form of Exhibit F hereto, such Subsidiary shall become a
Subsidiary Party hereunder with the same force and effect as if originally named as a Subsidiary Party herein. The execution and delivery of any such instrument shall not require the consent of any other Loan Party hereunder. The rights and
obligations of each Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Loan Party as a party to this Security Agreement. 
 Section 7.13. Headings. The title of and section headings in this Security Agreement are for convenience of reference only, and shall not govern the interpretation of any of the terms and
provisions of this Security Agreement. 
 Section 7.14. Termination or Release. (a) This Security Agreement
shall continue in effect until the Termination Date. 

  
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 (b) A Subsidiary Party shall automatically be released from its obligations
hereunder and the security interests created hereunder in the Collateral of such Subsidiary Party shall be automatically released upon the consummation of any transaction permitted pursuant to the Revolving Facility Credit Agreement as a result of
which such Subsidiary Party ceases to be a Subsidiary (or becomes an Excluded Subsidiary of the type described in clause (b) of the definition thereof). 
 (c) Upon (i) any sale or other transfer permitted under the Loan Documents by any Grantor of any Collateral to any Person that is not another Grantor, (ii) the effectiveness of any written
consent to the release of the security interest granted hereby in any Collateral pursuant to Section 9.02 of the Revolving Facility Credit Agreement, (iii) the occurrence of any event that causes any part of the Collateral to cease to
constitute Collateral or (iv) the release of the Grantor owning such Collateral in accordance with clause (b) above, the security interest in such Collateral shall be automatically released. 

(d) In connection with any termination or release pursuant to paragraph (a), (b) or
(c) above, the Agent shall promptly execute and deliver to any Grantor, at such Grantor’s expense, all UCC termination statements and similar documents that such Grantor shall reasonably request to evidence such termination or
release. Any execution and delivery of documents pursuant to this Section 7.14 shall be without recourse to or representation or warranty by the Agent or any Secured Party. The Company shall reimburse the Agent for all costs and
expenses, including the fees, charges and expenses of counsel, incurred by it in connection with any action contemplated by this Section 7.14 pursuant to Section 9.03(a) of the Revolving Facility Credit Agreement. 

(e) At any time that a Grantor desires that the Agent take any action to acknowledge or give effect to any release of
Collateral pursuant to the foregoing Sections 7.14(a), (b), (c) or (d), such Grantor shall deliver to the Agent a certificate signed by a Responsible Officer of such Grantor stating that the release of the respective Collateral is
permitted pursuant to such Sections 7.14(a), (b), (c) or (d) and the terms of the Revolving Facility Credit Agreement. At any time that the Borrowers or the respective Grantors desire that a Subsidiary of the Borrowers be released
hereunder, it shall deliver to the Agent a certificate signed by a Responsible Officer of the Borrower and the respective Grantor stating that the release of the respective Grantor (and its Collateral) is permitted pursuant to such Sections
7.14(a), (b), (c) or (d) and the terms of the Revolving Facility Credit Agreement. 
 (f) Agent
shall have no liability whatsoever to any other Secured Party as the result of any release of Collateral by it in accordance with (or which the Agent in good faith believes to be in accordance with) this Section 7.14. 

Section 7.15. Entire Agreement. This Security Agreement, together with the other Loan Documents, embodies the entire
agreement and understanding between each Grantor and the Agent relating to the Collateral and supersedes all prior agreements and understandings between any Grantor and the Agent relating to the Collateral. 

  
 29 

 Section 7.16. CHOICE OF LAW. THIS SECURITY AGREEMENT AND
ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS SECURITY AGREEMENT, WHETHER IN TORT, CONTRACT (AT LAW OR IN EQUITY) OR OTHERWISE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY OTHER LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 
 Section 7.17. CONSENT TO JURISDICTION; CONSENT TO SERVICE OF PROCESS. 
 (a) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF ANY U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN THE BOROUGH OF
MANHATTAN, IN THE CITY OF NEW YORK (OR ANY APPELLATE COURT THEREFROM) OVER ANY SUIT, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO
HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS, CONTROVERSIES OR DISPUTES IN RESPECT OF ANY SUCH ACTION OR PROCEEDING SHALL (EXCEPT AS PERMITTED BELOW) BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW,
IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENTS BY REGISTERED MAIL ADDRESSED TO SUCH PERSON SHALL BE EFFECTIVE SERVICE OF PROCESS AGAINST SUCH PERSON FOR ANY SUIT, ACTION OR
PROCEEDING BROUGHT IN ANY SUCH COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY
LAW. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OR ANY CLAIM THAT ANY SUIT, ACTION OR
PROCEEDING HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY CLAIM OR DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY
SUCH COURT. EACH PARTY HERETO AGREES THAT THE AGENT AND LENDERS RETAIN THE RIGHT TO BRING PROCEEDINGS AGAINST ANY GRANTOR IN THE COURTS OF ANY OTHER JURISDICTION SOLELY IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER THIS AGREEMENT. 

  
 30 

 (b) TO THE EXTENT PERMITTED BY LAW, EACH PARTY TO THIS SECURITY AGREEMENT
HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY REGISTERED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL) DIRECTED TO IT AT ITS ADDRESS FOR NOTICES AS PROVIDED
FOR IN SECTION 9.01 OF THE REVOLVING FACILITY CREDIT AGREEMENT. EACH LOAN PARTY HEREBY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER
THAT SERVICE OF PROCESS WAS INVALID AND INEFFECTIVE. NOTHING IN THIS SECURITY AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS SECURITY AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

Section 7.18. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION, LEGAL PROCEEDING OR COUNTERCLAIM DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS SECURITY AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 Section 7.19. Indemnity. Each Grantor hereby agrees to indemnify the Agent and the Secured Parties, and their
respective successors, permitted assigns, agents and employees, as set forth in Section 9.03 of the Revolving Facility Credit Agreement. 
 Section 7.20. Counterparts. This Security Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but
all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Security Agreement by facsimile or by email as a “.pdf” or “.tif” attachment shall be effective
as delivery of a manually executed counterpart of this Security Agreement. 
 Section 7.21. INTERCREDITOR AGREEMENT
GOVERNS. NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIENS AND SECURITY INTERESTS GRANTED TO THE AGENT, FOR THE BENEFIT OF THE SECURED PARTIES, PURSUANT TO THIS SECURITY AGREEMENT AND THE EXERCISE OF ANY RIGHT OR REMEDY BY THE AGENT AND
THE OTHER SECURED PARTIES WITH RESPECT TO ANY REVOLVING FACILITY FIRST LIEN COLLATERAL (AS DEFINED IN THE 

  
 31 

 
INTERCREDITOR AGREEMENT) HEREUNDER ARE SUBJECT TO THE PROVISIONS OF THE INTERCREDITOR AGREEMENT. IN THE EVENT OF ANY CONFLICT BETWEEN THE PROVISIONS OF THE INTERCREDITOR AGREEMENT AND THIS
SECURITY AGREEMENT, THE PROVISIONS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL. 
 Section 7.22. Delivery of
Collateral. Prior to the Discharge of the Term Loan Obligations, to the extent any Grantor is required hereunder to deliver Collateral to the Agent for purposes of possession and control and is unable to do so as a result of having previously
delivered such Collateral to the Term Loan Agent in accordance with the terms of the Term Loan Security Documents, such Grantor’s obligations hereunder with respect to such delivery shall be deemed satisfied by the delivery to the Term Loan
Agent, acting as a gratuitous bailee of the Agent. Notwithstanding anything to the contrary contained above in this Article 7, or elsewhere in this Security Agreement or any other Revolving Facility Security Document, to the extent the provisions of
this Security Agreement (or any other Revolving Facility Security Documents) require the delivery of, or control over, Term Loan First Lien Collateral to be granted to the Agent at any time prior to the Discharge of Term Loan Obligations, then
delivery of such Term Loan First Lien Collateral (or control with respect thereto) shall instead be made to the Term Loan Agent, to be held in accordance with the Term Loan Security Documents and the Intercreditor Agreement. Furthermore, at all
times prior to the Discharge of the Term Loan Obligations, the Agent is authorized by the parties hereto to effect transfers of such Collateral at any time in its possession (and any “control” or similar agreements with respect to such
Collateral) to the Term Loan Agent. 
 Section 7.23. Mortgages. In the case of a conflict between this Security
Agreement and any Mortgages with respect to Material Real Estate Asset that is also subject to a valid and enforceable Lien under the terms of the Mortgage (including Fixtures), the Mortgages shall govern. In all other conflicts between this
Security Agreement and the Mortgages, this Security Agreement shall govern. 
 Section 7.24. Successors and Assigns.
Whenever in this Security Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor or
the Agent that are contained in this Security Agreement shall bind and inure to the benefit of their respective permitted successors and assigns. Except in a transaction expressly permitted under the Revolving Facility Credit Agreement, no Grantor
may assign any of its rights or obligations hereunder without the written consent of the Agent. 
 Section 7.25.
Survival of Agreement. Without limitation of any provision of the Revolving Facility Credit Agreement or Section 7.19 hereof, all covenants, agreements, indemnities, representations and warranties made by the Grantors in the Loan
Documents and in the certificates or other instruments delivered in connection with or pursuant to this Security Agreement or any other Loan Document shall be considered to have been relied upon by the Revolving Lenders and shall survive the
execution and delivery of the Loan Documents and the making of any Loans, regardless of any investigation made by any such Revolving Lender or on its behalf and notwithstanding that the Agent or any Revolving Lender may have had notice or knowledge
of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended under the Revolving Facility Credit Agreement, and shall continue in full force and effect until the Termination Date, or with respect to
any individual Grantor until such Grantor is otherwise released from its obligations under this Security Agreement in accordance with the terms hereof. 

  
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 ARTICLE 8 
 Notices 
 Section 8.01. Sending Notices. Any notice required or
permitted to be given under this Security Agreement shall be delivered in accordance with Section 9.01 of the Revolving Facility Credit Agreement (it being understood and agreed that references in such Section to “herein”,
“hereunder” and other similar terms shall be deemed to be references to this Security Agreement). 

Section 8.02. Change in Address for Notices. Each of the Grantors, the Agent and the Revolving Lenders may change the address
or facsimile number for service of notice upon it by a notice in writing to the other parties. 
 ARTICLE 9 

The Agent 
 DBTCA
has been appointed Agent for the Revolving Lenders hereunder pursuant to Article 8 of the Revolving Facility Credit Agreement. It is expressly understood and agreed by the parties to this Security Agreement that any authority conferred upon the
Agent hereunder is subject to the terms of the delegation of authority made by the Revolving Lenders to the Agent pursuant to the Revolving Facility Credit Agreement, and that the Agent has agreed to act (and any successor Agent shall act) as such
hereunder only on the express conditions contained in such Article 8. Any successor Agent appointed pursuant to Article 8 of the Revolving Facility Credit Agreement shall be entitled to all the rights, interests and benefits of the Agent hereunder.

 By accepting the benefits of this Security Agreement and each other Loan Document, the Secured Parties expressly acknowledge
and agree that this Security Agreement and each other Loan Document may be enforced only by the action of the Agent and that no other Secured Party shall have any right individually to seek to enforce or to enforce this Security Agreement or to
realize upon the security to be granted hereby, it being understood and agreed that such rights and remedies may be exercised by the Agent for the benefit of the Secured Parties upon the terms of this Security Agreement and the other Loan Documents.

 [Signature Page Follows] 

  
 33 

 IN WITNESS WHEREOF, each Grantor and Agent have executed this Security Agreement as of the
date first above written. 
  

			
	 PC INTERMEDIATE HOLDINGS, INC.
 PC MERGER SUB, INC.
 PC FINANCE SUB, INC.

		
	By:	 	/s/ Todd M. Abbrecht
	 Name: Todd M. Abbrecht
 Title: President

	
	 PARTY CITY HOLDINGS INC.
 PARTY CITY CORPORATION
 ANAGRAM EDEN PRAIRIE PROPERTY HOLDINGS LLC

ANAGRAM INTERNATIONAL, INC.
 ANAGRAM
INTERNATIONAL HOLDINGS, INC. AM-SOURCE, LLC
 AMSCAN HOLDINGS, INC.
 AMSCAN INC.
 FACTORY CARD & PARTY OUTLET CORP.

FACTORY CARD OUTLET OF AMERICA LTD.
 GAGS AND
GAMES, INC.
 M&D INDUSTRIES, INC.

PA ACQUISITION CORP.
 PARTY AMERICA FRANCHISING,
INC.
 SSY REALTY CORP.

  

			
		
	By:	 	/s/ Michael A. Correale
	Name: Michael A. Correale
	Title: Vice President

  

			
	 JCS PACKAGING, INC.

TRISAR, INC.

		
	By:	 	/s/ Michael A. Correale
	 Name: Michael A. Correale
 Title: Assistant Treasurer

 Signature Page – ABL Security Agreement 

 
			
	 DEUTSCHE BANK TRUST COMPANY
 AMERICAS, as Agent

		
	By:	 	/s/ Dusan Lazarov
	Name:	 	Dusan Lazarov
	Title:	 	Director

  

			
	
		
	By:	 	/s/ Benjamin Souh
	Name:	 	Benjamin Souh
	Title:	 	Vice President

 Signature Page – ABL Security Agreement 

 EXHIBIT A 
 Revolving Perfection Certificate 
 July 27, 2012 

Reference is hereby made to (i) that certain Pledge and Security Agreement dated as of July 27, 2012 (the “Security
Agreement”), among PC Merger Sub, Inc., a Delaware corporation (“Merger Sub”), to be merged with and into Party City Holdings Inc., a Delaware corporation (the “Company”), PC Finance Sub, Inc., a Delaware
corporation (“Finance Sub”), to be merged with and into Party City Corporation, a Delaware corporation (“Party City” and together with the Company, the “Borrowers”), PC Intermediate Holdings, Inc.,
a Delaware corporation (“Holdings”), the Subsidiaries of the Borrowers from time to time party thereto and Deutsche Bank Trust Company Americas (“DBTCA”) as collateral agent for the Secured Parties (in such
capacity, the “Agent”) and (ii) that certain ABL Credit Agreement dated as of July 27, 2012 (the “Revolving Loan Agreement”), among, inter alia, the Borrowers, Holdings, the Subsidiaries of the
Borrowers from time to time party thereto, the Lenders party thereto and DBTCA, as administrative and collateral agent for the Lenders. Capitalized terms used but not defined herein have the meanings assigned to such terms in the Security Agreement.

 As used herein, the term “Companies” means Holdings, the Borrowers and each of the Subsidiary Parties.

 As of the date hereof, the undersigned hereby certify to the Agent as follows: 

1. Names. (a) The exact legal name of each Company, as such name appears in its respective Organizational Documents filed
with the Secretary of State of such Company’s jurisdiction of organization is set forth in Schedule 1(a). Each Company is the type of entity disclosed next to its name in Schedule 1(a). Also set forth in
Schedule 1(a) is the organizational identification number, if any, of each Company, the Federal Taxpayer Identification Number of each Company and the jurisdiction of organization of each Company. 

(b) Set forth in Schedule 1(b) hereto is any other legal name that each Company has had in the past four months, together
with the date of the relevant change. 
 (c) Set forth in Schedule 1(c) is a list of each trade name or assumed
name, if any, used by each Company during the past four months. 
 (d) Set forth in Schedule 1(d) is a list of the
information required by Section 1(a) of this certificate for any other business or organization (i) to which each Company became the successor by merger, consolidation or acquisition or (ii) that has been liquidated into, or
transferred all or substantially all of its assets to, any Company, at any time within the past four months preceding the date hereof. Except as set forth in Schedule 1(e), no Company has changed its jurisdiction of organization or
form of entity at any time during the past four months. 

  
 A-1

 2. Locations. (a) The chief executive office of each Company is currently
located at the addresses set forth in Schedule 2(a) hereto. 
 (b) Set forth in Schedule 2(b) are
all locations where each Company maintains any books or records relating to any Collateral. 
 (c) Set forth in Schedule
2(c) hereto are all other locations where each Company currently maintains any material Collateral consisting of Inventory or Equipment (other than property in possession of a third party (e.g. warehouseman or other bailee) or Collateral in
transit). 
 (d) Set forth in Schedule 2(d) hereto are locations where each Company currently maintains any
material Collateral consisting of Inventory or Equipment (other than Collateral in transit) which is held in a public warehouse or is otherwise held by a bailee or on consignment and the names and addresses of all Persons other than each Company,
such as lessees, consignees or warehousemen which have possession of any such material Collateral. 
 3. Stock Ownership and
Other Equity Interests. Attached hereto as Schedule 3 is a true and correct list of each of all of the issued and outstanding stock, partnership interests, limited liability company membership interests or other equity interests of
each Company and its Subsidiaries constituting Pledged Stock (as defined in the Security Agreement), the beneficial owners of such stock, partnership interests, membership interests or other equity interests and the percentage of the total issued
and outstanding stock, partnership interests, membership interests or other equity interests represented thereby. 
 4.
Instruments and Tangible Chattel Paper. Attached hereto as Schedule 4 is a true and correct list of all promissory notes, Instruments (other than checks to be deposited in the ordinary course of business) and Tangible Chattel
Paper, in each case exceeding $1,500,000, held by each Company as of the date hereof, including all intercompany notes between or among any two or more Companies including the names of the obligors, amounts owing, due dates, and other material
information. 
 5. Intellectual Property. Attached hereto as Schedule 5(a) is a schedule setting forth all
of each Company’s material Patents, Patent Licenses, Trademarks and Trademark Licenses registered with the United States Patent and Trademark Office, including the name of the registered owner and the registration number of each such Patent,
Patent License, Trademark and Trademark License. Attached hereto as Schedule 5(b) is a schedule setting forth all of each Company’s material registered United States Copyrights and Copyright Licenses (each as defined in the
Security Agreement), including the name of the registered owner and the registration number of each such Copyright or Copyright License. 
 6. Commercial Tort Claims. Attached hereto as Schedule 6 is a true and correct list of all Commercial Tort Claims, with a value exceeding $1,500,000, held by each Company, including a
brief description thereof. 

  
 A-2

 7. [Reserved.]  

8. Letter-of-Credit Rights. Attached hereto as Schedule 8 is a true and correct list of all Letters-of-Credit Rights
with a value exceeding $1,500,000 issued in favor of each Company, as beneficiary thereunder. 
 [SIGNATURE
PAGE FOLLOWS] 

  
 A-3

 IN WITNESS WHEREOF, we have hereunto signed this Perfection Certificate as of the
date first written of above. 
  

			
	 PC INTERMEDIATE HOLDINGS, INC.
 PC MERGER SUB, INC.
 PC FINANCE SUB, INC.

		
	By:	 	 
	Name:	 	Todd M. Abbrecht
	Title:	 	President
	
	 PARTY CITY HOLDINGS INC.
 PARTY CITY CORPORATION

ANAGRAM EDEN PRAIRIE PROPERTY HOLDINGS LLC
 ANAGRAM INTERNATIONAL, INC.
 ANAGRAM INTERNATIONAL HOLDINGS, INC.

AM-SOURCE, LLC
 AMSCAN HOLDINGS, INC.

AMSCAN INC.
 FACTORY CARD & PARTY OUTLET
CORP. FACTORY CARD OUTLET OF AMERICA LTD. GAGS AND GAMES, INC.
 M&D INDUSTRIES, INC. PA ACQUISITION CORP.

PARTY AMERICA FRANCHISING, INC.
 SSY REALTY
CORP.

		
	By:	 	 
	Name:	 	Michael A. Correale
	Title:	 	Vice President
	
	JCS PACKAGING, INC. TRISAR, INC.
		
	By:	 	 
	Name:	 	Michael A. Correale
	Title:	 	Assistant Treasurer

  
 A-4

 EXHIBIT B 
 Revolving Loan Perfection Certificate Supplement 
 [Insert date]

 Reference is hereby made to (i) that certain Pledge and Security Agreement dated as of July 27, 2012 (as
amended, restated, amended and restated or otherwise modified, the “Security Agreement”), among Party City Holdings Inc., a Delaware corporation (the “Company”), Party City Corporation, a Delaware corporation
(“Party City” and together with the Company, the “Borrowers”), PC Intermediate Holdings, Inc., a Delaware corporation (“Holdings”), the Subsidiaries of the Borrowers from time to time party thereto
and Deutsche Bank Trust Company Americas (“DBTCA”), as collateral agent for the Secured Parties (in such capacity, the “Agent”), (ii) that certain ABL Credit Agreement dated as of July 27, 2012 (as
amended, restated, amended and restated or otherwise modified, the “Revolving Loan Agreement”), among, inter alia, the Borrowers, Holdings, the Subsidiaries of the Borrowers from time to time party thereto, the Lenders party
thereto and DBTCA, as administrative and collateral agent for the Lenders and (iii) the Perfection Certificate, dated as of July 27, 2012 (as supplemented by any perfection certificate supplements delivered prior to the date hereof, the
“Prior Perfection Certificate”), executed by the Loan Parties and delivered to the Agent. Capitalized terms used but not defined herein have the meanings assigned to such terms in the Security Agreement. 

As used herein, the term “Companies” means Holdings, the Borrowers and each of the Subsidiary Parties. 

As of the date hereof, the undersigned hereby certify to the Agent as follows: 

1. Names. Except as listed on Schedule 1(a) hereto, Schedule 1(a) of the Prior Perfection Certificate sets forth,
with respect to each Company, (a) the exact legal name of each Company, as such name appears in its respective Organizational Documents filed with the Secretary of State of such Company’s jurisdiction of organization, the type of entity of
such Company, the organizational identification number, if any, of each Company, and the Federal Taxpayer Identification Number of each Company and the jurisdiction of organization of each Company. 

(b) Except as listed on Schedule 1(b) hereto, Schedule 1(b) of the Prior Perfection Certificate sets forth any other legal
name that each Company has had in the past four months, together with the date of the relevant change. 
 (c) Except as listed on
Schedule 1(c) hereto, Schedule 1(c) of the Prior Perfection Certificate lists each trade name or assumed name, if any, used by each Company during the past four months. 

  
 B-1

 (d) Except as listed on Schedule 1(d) hereto, Schedule 1(d) of the Prior
Perfection Certificate lists the information required by Section 1(a) of this certificate for any other business or organization (i) to which each Company became the successor by merger, consolidation or acquisition or
(ii) that has been liquidated into, or transferred all or substantially all of its assets to, any Company, at any time within the past four months. Except as set forth in Schedule 1(e) hereto, no Company has changed its jurisdiction of
organization or form of entity at any time during the past four months except as listed in Schedule 1(e) of the Prior Perfection Certificate. 
 2. Locations. (a) Except as updated on Schedule 2(a) hereto, the chief executive office of each Company is currently located at the address set forth in Schedule 2(a) of the
Prior Perfection Certificate. 
 (b) Except as updated on Schedule 2(b) hereto, Schedule 2(b) of the Prior
Perfection Certificate sets forth all locations where each Company maintains any books or records relating to any Collateral. 

(c) Except as updated on Schedule 2(c) hereto, Schedule 2(c) of the Prior Perfection Certificate sets forth all other
locations where each Company currently maintains any material Collateral consisting of Inventory or Equipment (other property in possession of a third party (e.g. warehouseman or other bailee) or Collateral in transit. 

(d) Except as updated on Schedule 2(d) hereto, Schedule 2(d) of the Prior Perfection Certificate sets forth the locations
where each Company currently maintains any material Collateral consisting of Inventory or Equipment (other than Collateral in transit) which is held in a public warehouse or is otherwise held by a bailee or on consignments and the names and
addresses of all Persons other than each Company, such as lessees, consignees or warehousemen which have possession of any such material such Collateral. 
 3. Stock Ownership and Other Equity Interests. Except as updated on Schedule 3 hereto, Schedule 3 of the Prior Perfection Certificate sets forth a true and correct list of each of all
of the issued and outstanding stock, partnership interests, limited liability company membership interests or other equity interests of each Company and its Subsidiaries constituting Pledged Stock, the beneficial owners of such stock, partnership
interests, membership interests or other equity interests and the percentage of the total issued and outstanding stock, partnership interests, membership interests or other equity interests represented thereby. 

4. Instruments and Tangible Chattel Paper. Except as updated on Schedule 4 hereto, Schedule 4 of the Prior
Perfection Certificate sets forth a true and correct list of all promissory notes, Instruments (other than checks to be deposited in the ordinary course of business) and Tangible Chattel Paper, in each case exceeding $1,500,000, held by each Company
as of the date hereof, including all intercompany notes between or among any two or more Companies including the names of the obligors, amounts owing, due dates and other material information. 

5. Intellectual Property. Except as updated on Schedule 5(a) hereto, Schedule 5(a) of the Prior Perfection
Certificate sets forth all of each Company’s material Patents, Patent Licenses, Trademarks and Trademark Licenses registered with the United States Patent and Trademark Office, including the name of the registered owner and the registration
number of each such Patent, Patent License, Trademark and Trademark License. Except as updated on 

  
 B-2

 Schedule 5(b) hereto, Schedule 5(b) of the Prior Perfection Certificate sets forth all of each
Company’s material registered United States Copyrights and Copyright Licenses (each as defined in the Security Agreement), including the name of the registered owner and the registration number of each such Copyright or Copyright License.

 6. Commercial Tort Claims. Except as updated on Schedule 6 hereto, Schedule 6 of the Prior Perfection
Certificate sets forth a true and correct list of all Commercial Tort Claims, with a value exceeding $1,500,000, held by each Company, including a brief description thereof. 
 7. [Reserved]. 
 8. Letter-of-Credit Rights. Except as updated on
Schedule 8 hereto, Schedule 8 of the Prior Perfection Certificate sets forth a true and correct list of all Letter-of-Credit Rights with a value exceeding $1,500,000 issued in favor of each Company, as beneficiary thereunder.

 [SIGNATURE PAGE FOLLOWS] 

  
 B-3

 IN WITNESS WHEREOF, we have hereunto signed this Perfection Certificate Supplement as
of the date first written of above. 
  

			
	PC INTERMEDIATE HOLDINGS, INC.
	By:	 	 
	Name:	 	Todd M. Abbrecht
	Title:	 	President
	
	 PARTY CITY HOLDINGS INC.
 PARTY CITY CORPORATION
 ANAGRAM EDEN PRAIRIE PROPERTY
HOLDINGS LLC ANAGRAM INTERNATIONAL, INC.
 ANAGRAM INTERNATIONAL HOLDINGS, INC. AM-SOURCE, LLC

AMSCAN HOLDINGS, INC.
 AMSCAN INC.

FACTORY CARD & PARTY OUTLET CORP. FACTORY CARD OUTLET OF AMERICA LTD. GAGS AND GAMES, INC.

M&D INDUSTRIES, INC.
 PA ACQUISITION
CORP.
 PARTY AMERICA FRANCHISING, INC.

SSY REALTY CORP.

		
	By:	 	 
	Name:	 	Michael A. Correale
	Title:	 	Vice President
	
	 JCS PACKAGING, INC.

TRISAR, INC.

		
	By:	 	 
	Name:	 	Michael A. Correale
	Title:	 	Assistant Treasurer

  
 B-4

 EXHIBIT C 
 Subsidiary Parties 
  

							
	 Ref
	  	 Entity
	  	Jurisdiction	  	Type
				
	1.	  	Anagram Eden Prairie Property Holdings LLC	  	Delaware	  	LLC
				
	2.	  	Anagram International, Inc.	  	Minnesota	  	corporation
				
	3.	  	Anagram International, LLC	  	Nevada	  	LLC
				
	4.	  	Anagram International Holdings, Inc.	  	Minnesota	  	corporation
				
	5.	  	Am-Source, LLC	  	Rhode
Island	  	LLC
				
	6.	  	Amscan Holdings, Inc.	  	Delaware	  	corporation
				
	7.	  	Amscan Inc.	  	New York	  	corporation
				
	8.	  	Factory Card & Party Outlet Corp.	  	Delaware	  	corporation
				
	9.	  	Factory Card Outlet of America Ltd.	  	Illinois	  	corporation
				
	10.	  	Gags and Games, Inc.	  	Michigan	  	corporation
				
	11.	  	JCS Packaging, Inc.	  	New York	  	corporation
				
	12.	  	M&D Industries, Inc.	  	Delaware	  	corporation
				
	13.	  	PA Acquisition Corp.	  	Delaware	  	corporation
				
	14.	  	Party America Franchising, Inc.	  	Minnesota	  	corporation
				
	15.	  	SSY Realty Corp.	  	New York	  	corporation
				
	16.	  	Trisar, Inc.	  	California	  	corporation

  
 C-1

 EXHIBIT D 
 FORM OF 
 LANDLORD AGREEMENT 

Deutsche Bank Trust Company Americas (“DBTCA”), in its capacity as administrative agent and collateral agent pursuant to
the Revolving Facility Credit Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders (in such capacity, together with its successors and assigns, “Revolving Facility Agent”) and the parties
from time to time to the Revolving Facility Credit Agreement as lenders (collectively, together with their respective successors and assigns, “Revolving Facility Lenders”) and DBTCA, in its capacity as administrative and collateral
agent pursuant to the Term Loan Credit Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders (in such capacity, together with its successors and assigns, “Term Loan Agent” and, together with
Revolving Facility Agent, collectively, “Agents” and, individually, each an “Agent”) and the parties from time to time to the Term Loan Credit Agreement as lenders (collectively, together with their respective
successors and assigns, the “Term Loan Lenders” and together with Revolving Facility Lenders individually each a “Lender” and, collectively, “Lenders”) have entered or are about to enter into
financing arrangements with [            ] (“Debtor”) pursuant to which each Agent has been or may be granted a security interest in any or all of Debtor’s or
its affiliates’ personal property, including, but not limited to, “inventory” and “equipment” (as such terms are defined in Article 9 of the Uniform Commercial Code as in effect from time to time in the state
in which the Premises are located, hereinafter “Personal Property”). For purposes of this Agreement, the term “Personal Property” does not include plumbing and electrical fixtures, heating, ventilation and air
conditioning, wall and floor coverings, walls or ceilings and other fixtures not constituting trade fixtures. Some of the Personal Property has or may from time to time become affixed to or be located on, wholly or in part, the real property leased
by Debtor or its affiliates located at [insert Street Address, City, State ZIP Code] (the “Premises”). The undersigned is the owner or lessor of the Premises which is leased to Debtor pursuant to the terms of the [Lease
Agreement], dated as of              (together with all amendments thereto, the “Lease”). 
 For purposes of this Letter Agreement, the term “Revolving Facility Credit Agreement” as used herein shall mean the ABL Credit Agreement, dated as of July 27, 2012, by and among
Debtor, certain of its affiliates, Revolving Facility Agent, Bank of America, N.A. in its capacity as co-ABL collateral agent and Revolving Facility Lenders, and the term “Term Loan Credit Agreement” as used herein shall mean the
Term Loan Credit Agreement, dated as of July 27, 2012, by and among Debtor, certain of its affiliates, Term Loan Agent and Term Loan Lenders, in each case, as the same now exists or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced. The term “Lender Representative” as used herein shall mean Revolving Facility Agent until such time as Revolving Facility Agent notifies the undersigned in writing (at the undersigned’s address
below) that the Lender Representative shall be Term Loan Agent, and on and after delivery of such notice to the undersigned, the term “Lender Representative” shall mean Term Loan Agent. 

  
 D-1

 In order for Agents and Lenders to consider making loans or providing other financial
accommodations to Debtor or its affiliates in reliance upon the Personal Property as collateral, the undersigned agrees as follows: 
 1. The undersigned waives and relinquishes any landlord’s lien, rights of levy or distraint, claim, security interest or other interest the undersigned may now or hereafter have in or with respect to
any of the Personal Property, whether for rent or otherwise. 
 2. The Personal Property may be installed in or located on the
Premises and is not and shall not be deemed a fixture or part of the real property but shall at all times be considered personal property. 
 3. Agents (and/or their designee), at their option, may enter and use the Premises for the purpose of repossessing, removing, selling or otherwise dealing with any of the Personal Property, and such
license shall be irrevocable and shall continue from the date Agents (and/or their designee) enter the Premises pursuant to the rights granted to it herein for a period not to exceed one hundred twenty (120) days or if later, until the receipt
by Lender Representative (and/or its designee) of written notice from the undersigned directing Agents (and/or their designee) to leave the Premises; provided, that, (a) for each day that an Agent (or its designee) uses the Premises pursuant to
the rights granted to it herein, unless the undersigned has otherwise been paid rent in respect of any of such period, such Agent (and/or its designee) shall pay the regularly scheduled basic rent provided under the Lease relating to the Premises
between the undersigned and Debtor, prorated on a per diem basis to be determined on a thirty (30) day month, without any Agent thereby assuming the Lease or incurring any other obligations of Debtor and (b) any damage to the Premises
caused by an Agent (and/or its designee) or its representatives will be repaired by such Agent (and/or its designee) (for the account of Debtor). To the extent that either or both Agents are prohibited by any process or injunction issued by any
court, or by reason of any bankruptcy or insolvency proceeding involving Debtor, from enforcing its security interest in the Personal Property, such one hundred twenty (120) day period shall commence on the termination of such prohibition.

 4. The undersigned agrees to simultaneously send notice in writing of any default under the Lease (including, but not limited
to, any termination notice) to Debtor and Lender Representative at: 
 Deutsche Bank Trust Company Americas, as Revolving
Facility Agent 
 60 Wall Street 
 New York, New York 10005 
 Attn: Dusan Lazarov/Jeremy Hyatt 

Tel.: (212) 250-0211 
 Fax: (212) 797-5695 
 Deutsche Bank Trust Company Americas, as Term Loan Agent

 60 Wall Street 
 New York, New York 10005 
 Attn: Dusan Lazarov/Jeremy Hyatt 

Tel.: (212) 250-0211 
 Fax: (212) 797-5695 

  
 D-2

 Upon receipt of such notice, each Agent shall have the right, but not the obligation, to
cure such default. Any payment made or act done by any Agent to cure any such default shall not constitute an assumption by such Agent of the Lease or any obligations of Debtor. 

This waiver may not be changed or terminated orally or by course of conduct and is binding upon the undersigned and the heirs, personal
representatives, successors and assigns of the undersigned and inures to the benefit of each Agent, the Lenders, Lender Representative and their respective successors and assigns. 

The Secured Parties may, without in any way affecting or limiting this Agreement, and without notice to Landlord, amend, restate (in
whole or in part), amend and restate, supplement, refinance or otherwise modify the Loan Documents (as defined in the Term Loan Credit Agreement or the Revolving Facility Credit Agreement). 

Dated this              day of
            , 2012 
  

			
	[NAME OF LANDLORD]
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 D-3

 EXHIBIT E 
 FORM OF 
 BAILEE NOTIFICATION 

AND 

ACKNOWLEDGMENT OF SECURITY INTEREST 
                          , 2012 

_____________________ 
 _____________________

 _____________________ 
 Ladies and
Gentlemen: 
 Please be advised that we and certain of our affiliates (collectively the “Company”) have entered or are
about to enter into financing arrangements with Deutsche Bank Trust Company Americas (“DBTCA”) in its capacity as administrative agent and collateral agent pursuant to the Revolving Facility Credit Agreement (as hereinafter defined)
acting for and on behalf of the parties thereto as lenders (in such capacity, together with its successors and assigns, “Revolving Facility Agent”) and the parties from time to time to the Revolving Facility Credit Agreement as
lenders (collectively, together with their respective successors and assigns, “Revolving Facility Lenders”) and DBTCA, in its capacity as administrative and collateral agent pursuant to the Term Loan Credit Agreement (as hereinafter
defined) acting for and on behalf of the parties thereto as lenders (in such capacity, together with its successors and assigns, “Term Loan Agent” and, together with Revolving Facility Agent, collectively, “Agents”
and, individually, each an “Agent”) and the parties from time to time to the Term Loan Credit Agreement as lenders (collectively, together with their respective successors and assigns, the “Term Loan Lenders” and
together with Revolving Facility Lenders individually each a “Lender” and, collectively, “Lenders”), pursuant to which the Company has granted or will grant to each Agent a security interest in, among other
collateral, all of the Company’s existing and future inventory and other goods, which may at any time now or hereafter be in your possession or control and all of the Company’s inventory and other goods which may at any time now or
hereafter be located on or in real property or buildings owned, leased or otherwise in your possession or control, and/or received or delivered to you for shipment, distribution, storage or otherwise, whether pursuant to any agreement or otherwise
(collectively, “Collateral”). 
 For purposes of this agreement, the term “Revolving Facility Credit
Agreement” as used herein shall mean the ABL Credit Agreement, dated as of July 27, 2012, by and among us, certain of our affiliates, Revolving Facility Agent, Bank of America N.A., in its capacity as co-ABL collateral agent and
Revolving Facility Lenders, and the term “Term Loan Credit Agreement” as used herein shall mean the Term Loan Credit Agreement, dated as of July 27, 2012, by and among us, certain of our affiliates, Term Loan Agent and Term
Loan Lenders, in each case, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. The term “Lender Representative” as used herein shall mean Revolving Facility Agent
until such time as Revolving Facility Agent notifies you in writing (at your address below) that the Lender Representative shall be Term Loan Agent, and on and after delivery of such notice to the undersigned, the term “Lender
Representative” shall mean Term Loan Agent. 

  
 E-1

 By your signature below, you acknowledge receipt of the above notice of each Agent’s
security interest and, upon receipt of written notice from the Lender Representative, agree to follow all instructions that Lender Representative may from time to time thereafter give to you with respect to Collateral in your possession or control
or located on or in any of your premises, and/or received or delivered to you by or for our account for distribution, storage or otherwise. Upon being so notified by Lender Representative, you are to abide solely by Lender Representative’s
instructions with respect to any of such goods or other Collateral and you are not to release any Collateral to the Company or to anyone else except according to written instructions which may be given to you from time to time by Lender
Representative. If so instructed by Lender Representative, you agree to return to Lender Representative all of the Company’s goods and other Collateral in your custody, control or possession at the Company’s expense. You hereby acknowledge
and agree that you hold and will have possession of such goods or other Collateral and proceeds for the benefit of Agents and Lenders and you shall not take any action purporting to encumber or transfer any interest in such goods or other Collateral
or the proceeds thereof. 
 You agree and acknowledge that you do not have and in no event will you assert, as against Lender
Representative, any Agent or any Lender, any lien, right of distraint or levy, right of offset, claim, deduction, counterclaim, security or other interest in any Collateral now or hereafter located on any of your premises or in your custody,
possession or control, including any of the foregoing which might otherwise arise or exist in your favor pursuant to any agreement, common law, statute (including the U.S. Bankruptcy Code or any state insolvency law) or otherwise. You certify that
you do not know of any security interest or other claim with respect to any of the Collateral, other than the security interest which is the subject of this agreement. You agree and acknowledge that no negotiable or non-negotiable warehouse
receipts, documents of title or similar instruments have been or will be issued by you with respect to any of the Company’s goods, except for non-negotiable receipts naming Lender Representative or the Company as consignee. You shall not take
any action purporting to encumber or transfer any interest in such inventory or other goods or other Collateral. You are holding the Collateral as bailee for Agents and Lenders for the purpose of perfecting the security interest and lien of Agents
in the Collateral. 
 You further agree, upon prior written notice from the Lender Representative, to (a) allow Lender
Representative or its agents to enter upon your premises during business hours for the purpose of examining, removing, taking possession of or otherwise dealing with any of the Collateral at any time in your possession or copies of any books and
records related thereto and (b) provide the Lender Representative with any available detailed inventory reporting on a per location basis upon written request from the Lender Representative. 

Agents and Lenders are relying upon this acknowledgment in connection with their financing arrangements with the Company. This agreement
may not be changed or terminated orally or by course of conduct. Any change to the terms of this agreement must be in writing and signed by Agents. This agreement shall be binding upon you and your successors and assigns and shall be enforceable by
and inure to the benefit of Lender Representative, Agents, Lenders and their respective successors and assigns. 

  
 E-2

 This agreement constitutes our acknowledgment that Lender Representative, any Agent or any
Lender may assert any of the rights set forth or referred to herein, without objection by us. We also agree to reimburse you for all reasonable costs and expenses incurred by you as a direct result of compliance with the instructions of Lender
Representative as to the disposition of any of the Collateral. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 E-3

 Please acknowledge your agreement to the foregoing by signing in the space provided below.

  

			
	Very truly yours,
	
	[APPROPRIATE ENTITY]
		
	By:	 	 
	Title:	 	 

  

			
	ACKNOWLEDGED AND AGREED:
	[______________________________]
		
	By:	 	 
	Title:	 	

 (Bailee) 

  
 E-4

 EXHIBIT F 
 SUPPLEMENT NO. [•] dated as of [•] (this “Supplement”), to the Pledge and Security Agreement dated as of July 27, 2012 (the “Security Agreement”), among PC
Merger Sub, Inc., a Delaware corporation, to be merged with and into Party City Holdings Inc., a Delaware corporation (the “Company”), PC Finance Sub, Inc., a Delaware corporation, to be merged with and into Party City Corporation,
a Delaware corporation (“Party City”, and together with the Company, each a “Borrower” and collectively the “Borrowers”), PC Intermediate Holdings, Inc., a Delaware corporation
(“Holdings”), each Subsidiary of the Borrowers party from time to time thereto (each such Subsidiary individually a “Subsidiary Party” and collectively, the “Subsidiary Parties”; the Subsidiary
Parties, Holdings and the Borrowers are referred to collectively herein as the “Grantors”), and Deutsche Bank Trust Company Americas, as administrative agent and as collateral agent (in such capacity, the “Agent”).

 A. Reference is made to the Revolving Facility Credit Agreement dated as of July 27, 2012, (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Holdings, the Borrowers, the Subsidiary Parties, the lenders from time to time party thereto, and the Agent. 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement
or the Security Agreement, as applicable. 
 C. The Grantors have entered into the Security Agreement in order to induce the
Lenders to make Loans. Section 7.12 of the Security Agreement and Section 5.12 of the Credit Agreement provide that additional Domestic Subsidiaries of the Borrower (other than Excluded Subsidiaries) may become Subsidiary Parties under the
Security Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit Agreement
to become a Subsidiary Party under the Security Agreement in order to induce the Lenders to make additional Loans and as consideration for Loans previously made. 
 Accordingly, the Agent and the New Subsidiary agree as follows: 
 SECTION 1. In
accordance with Section 7.12 of the Security Agreement, the New Subsidiary by its signature below becomes a Subsidiary Party and a Grantor under the Security Agreement with the same force and effect as if originally named therein as a
Subsidiary Party and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Security Agreement applicable to it as a Subsidiary Party and Grantor thereunder and (b) represents and warrants as of the date hereof that
the representations and warranties made by it as a Grantor thereunder that are qualified as to materiality are true and correct in all respects on and as of the date hereof and those that are not so qualified are true and correct in all material
respects on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Secured Obligations, does hereby create and grant to the Agent, its successors and assigns, for
the benefit of the Secured Parties, their successors and permitted assigns, a security interest in and Lien on all of the New Subsidiary’s right, title and interest in and to the Collateral of the New Subsidiary. Each reference to a
“Grantor” and “Subsidiary Party” in the Security Agreement shall be deemed to include the New Subsidiary. The Security Agreement is hereby incorporated herein by reference. 

  
 F-1

 SECTION 2. The New Subsidiary represents and warrants to the Agent and the other Secured
Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforcement may be limited by bankruptcy,
insolvency or similar laws affecting creditors’ rights generally and except insofar as enforcement thereof is subject to general principles of equity and good faith and fair dealing. 
         SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Agent shall have received a counterpart of this Supplement that bears the signature of the New Subsidiary and the
Agent has executed a counterpart hereof. Delivery of an executed signature page to this Supplement by facsimile transmission or by email as a “.pdf” or “.tif” attachment shall be as effective as delivery of a manually signed
counterpart of this Supplement. 
 SECTION 4. The New Subsidiary hereby represents and warrants that (a) set forth on
Schedule I attached hereto is a true and correct schedule of the location of any and all material Collateral consisting of inventory or equipment of the New Subsidiary (other than in-transit Collateral), (b) set forth on Schedule
II attached hereto is a true and correct schedule of all the Pledged Stock of the New Subsidiary and all promissory notes, instruments (other than checks to be deposited in the ordinary course of business) and tangible chattel paper, in each
case exceeding $1,500,000, held by the New Subsidiary, (c) set forth on Schedule III attached hereto is a true and correct schedule of all material registered Patents, Trademarks and Copyrights of the New Subsidiary and (d) set
forth under its signature hereto, is the true and correct legal name of the New Subsidiary, its jurisdiction of formation and the location of its chief executive office. 
 SECTION 5. Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect. 
 SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions contained herein and in the Security Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself
affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as
close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 8. All communications and notices
hereunder shall be in writing and given as provided in Section 8.01 of the Security Agreement. 

  
 F-2

 SECTION 9. The New Subsidiary agrees to reimburse the Agent for its expenses in connection
with this Supplement, including the fees, other charges and disbursements of counsel in accordance with Section 9.03(c) of the Credit Agreement. 
 IN WITNESS WHEREOF, the New Subsidiary and the Agent have duly executed this Supplement to the Security Agreement as of the day and year first above written. 

 

			
	[NAME OF NEW SUBSIDIARY]
		
	By:	 	 
		 	Name:
		 	Title:
		
		 	Legal Name:
		
		 	Jurisdiction of Formation:
		
		 	Location of Chief Executive office:
		
		 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 F-3

 
			
	By:	 	 
		 	Name:
		 	Title:

  
 F-4

 Schedule I 
 to Supplement No.      to the 
 Pledge and Security
Agreement 
 LOCATION OF COLLATERAL 
  

			
	 Description
	  	 Location

  
 I-1

 Schedule II 
 to Supplement No.      to the 
 Pledge and Security
Agreement 
 LIST OF PLEDGED STOCK 
 AND OTHER INVESTMENT PROPERTY 
 STOCKS 

 

											
	 Holder
	 	 Issuer
	 	 Certificate Number(s)
	 	 Number of Shares
	 	 Class of Stock
	 	 Percentage of
Outstanding
Shares

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

 BONDS 

 

											
	 Holder
	 	 Issuer
	 	 Number
	 	 Face Amount
	 	 Coupon Rate
	 	 Maturity

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

 GOVERNMENT SECURITIES 

 

													
	 Holder
	 	 Issuer
	 	 Number
	 	 Type
	 	 Face Amount
	 	 Coupon Rate
	 	 Maturity

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

 OTHER SECURITIES OR OTHER INVESTMENT PROPERTY 

(CERTIFICATED AND UNCERTIFICATED) 
  

							
	 Holder
	 	 Issuer
	 	 Description of
Collateral
	 	 Percentage
Ownership Interest

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

  
 II-1

 Schedule III 
 to Supplement No.      to the 
 Pledge and Security
Agreement 
 INTELLECTUAL PROPERTY RIGHTS 
 PATENT REGISTRATIONS 
  

					
	 Patent Description
	 	 Patent Number
	 	 Issue Date

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 PATENT APPLICATIONS 

 

					
	 Patent Description
	 	 Application Filing Date
	 	 Application Serial Number

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 TRADEMARK REGISTRATIONS 

 

					
	 Trademark
	 	 Registration Date
	 	 Registration Number

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 TRADEMARK APPLICATIONS 

 

					
	 Trademark Application
	 	 Application Filing Date
	 	 Application Serial Number

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 COPYRIGHT REGISTRATIONS 

 

					
	 Copyright
	 	 Registration Date
	 	 Registration Number

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 COPYRIGHT APPLICATIONS 

 

					
	 Copyright Application
	 	 Application Filing Date
	 	 Application Serial Number

	 	 	 	 	 
	 	 	 	 	 

  
 B-2EX-10.9

 Exhibit 10.9 
 EXECUTION COPY 
 PLEDGE AND SECURITY AGREEMENT 

THIS PLEDGE AND SECURITY AGREEMENT (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to
time, this “Security Agreement”) is entered into as of July 27, 2012 by and among PC Merger Sub, Inc., a Delaware corporation (“Merger Sub”), to be merged with and into Party City Holdings Inc., a Delaware
corporation (“Party City Holdings” and, together with Merger Sub, the “Company”), PC Finance Sub, Inc., a Delaware corporation (“Finance Sub”), to be merged with and into Party City Corporation, a
Delaware corporation (“Party City”, and together with Finance Sub, the “Subsidiary Borrower”; and Subsidiary Borrower, together with the Company, each a “Borrower” and collectively the
“Borrowers”), PC Intermediate Holdings, Inc., a Delaware corporation (“Holdings”), the Subsidiary Parties (as defined below) from time to time party hereto (the foregoing, collectively, the “Loan
Parties”) and Deutsche Bank Trust Company Americas (“DBTCA”), in its capacity as administrative agent and collateral agent for the lenders party to the Term Loan Credit Agreement referred to below (in such capacity, the
“Agent”). 
 PRELIMINARY STATEMENT 

The Loan Parties, the Agent, Term Loan Lenders and others are entering into a Term Loan Credit Agreement dated as of the date hereof (as
amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Term Loan Credit Agreement”). The Grantors are entering into this Security Agreement in order to induce the Term Loan Lenders to
enter into and extend credit to the Borrowers under the Term Loan Credit Agreement and to secure the Secured Obligations, including in the case of each Grantor that is a Loan Guarantor, its obligations under the Loan Guaranty. 

ACCORDINGLY, the parties hereto agree as follows: 
 ARTICLE 1 
 DEFINITIONS 

Section 1.01. Terms Defined in Term Loan Credit Agreement. All capitalized terms used herein and not otherwise defined shall
have the meanings assigned to such terms in the Term Loan Credit Agreement. 
 Section 1.02. Terms Defined in UCC.
Terms defined in the UCC that are not otherwise defined in this Security Agreement or the Term Loan Credit Agreement are used herein as defined in Articles 8 or 9 of the UCC. 
 Section 1.03. Definitions of Certain Terms Used Herein. As used in this Security Agreement, in addition to the terms defined in the preamble and Preliminary Statement above, the following
terms shall have the following meanings: 
 “Account” shall have the meaning set forth in Article 9 of the UCC.

 “Article” means a numbered article of this Security Agreement, unless another document is specifically
referenced. 

 “Blocked Account” shall mean any Deposit Account constituting Collateral
that is designated as a “Blocked Account” pursuant to the Revolving Loan Agreement. 
 “Blocked Account
Agreement” shall have the meaning assigned to such term in the Revolving Loan Agreement. 
 “Chattel
Paper” shall have the meaning set forth in Article 9 of the UCC. 
 “Collateral” shall have the
meaning set forth in Article 2. 
 “Commercial Tort Claim” shall have the meaning set forth in Article 9 of the
UCC. 
 “Contract Rights” shall mean all rights of any Grantor under each Contract, including, without
limitation, (i) any and all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all Contracts and (iii) any and all other rights, interests and
claims now existing or in the future arising in connection with any or all Contracts. 
 “Contracts” shall mean
all contracts between any Grantor and one or more additional parties (including, without limitation, any Hedge Agreements, licensing agreements and any partnership agreements, joint venture agreements and limited liability company agreements).

 “Control” shall have the meaning set forth in Article 8 or, if applicable, in Section 9-104, 9-105,
9-106 or 9-107 of Article 9 of the UCC. 
 “Copyrights” means, with respect to any Grantor, all of such
Grantor’s right, title, and interest in and to the following: (a) all United States copyrights, rights and interests in copyrights, works protectable by copyright whether published or unpublished, copyright registrations, and copyright
applications; (b) all renewals of any of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future
infringements for any of the foregoing; (d) the right to sue for past, present, and future infringements of any of the foregoing; and (e) all domestic rights corresponding to any of the foregoing. 

“Deposit Account” shall have the meaning set forth in Article 9 of the UCC. 

“Discharge of the Revolving Facility Obligations” shall have the meaning assigned to “Discharge of Revolving
Facility Obligations” under the Intercreditor Agreement. 
 “Document” shall have the meaning set forth in
Article 9 of the UCC. 
 “Domain Names” means all Internet domain names and associated URL addresses in or to
which any Grantor now or hereafter has any right, title or interest. 
 “Electronic Chattel Paper” shall have
the meaning set forth in Article 9 of the UCC. 
 “Equipment” shall have the meaning set forth in Article 9 of
the UCC. 

  
 2 

 “Excluded Collateral” shall have the meaning set forth in Article 2.

 “Exhibit” refers to a specific exhibit to this Security Agreement, unless another document is specifically
referenced. 
 “Fixture” shall have the meaning set forth in Article 9 of the UCC. 

“General Intangible” shall have the meaning set forth in Article 9 of the UCC. 

“Goods” shall have the meaning set forth in Article 9 of the UCC. 

“Grantors” means Holdings, each Borrower and each of the Subsidiary Parties. 

“Instrument” shall have the meaning set forth in Article 9 of the UCC. 

“Inventory” shall have the meaning set forth in Article 9 of the UCC. 

“Investment Property” shall have the meaning set forth in Article 9 of the UCC. 

“Letter-of-Credit Right” shall have the meaning set forth in Article 9 of the UCC. 

“Licenses” means, with respect to any Grantor, all of such Grantor’s right, title, and interest in and to
(a) any and all licensing agreements or similar arrangements in and to its owned (1) Patents, (2) Copyrights, (3) Trademarks, (4) Trade Secrets or (5) Software, (b) all income, royalties, damages, claims, and
payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches thereof.

 “Money” shall have the meaning set forth in Article 1 of the UCC. 

“Patents” means, with respect to any Grantor, all of such Grantor’s right, title, and interest in and to:
(a) any and all United States patents and patent applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof;
(d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue
for past, present, and future infringements thereof; and (f) all domestic rights corresponding to any of the foregoing. 

“Perfection Certificate” means a certificate substantially in the form of Exhibit A completed and supplemented
with the schedules and attachments contemplated thereby, or any other form approved by Agent, and duly executed by a Responsible Officer of the Company. 
 “Perfection Certificate Supplement” means a supplement substantially in the form of Exhibit B, or any other form approved by the Agent, and duly executed by a Responsible Officer
of the Company. 

  
 3 

 “Permits” shall mean, to the extent permitted to be assigned by the terms
thereof or by applicable law, all licenses, permits, rights, orders, variances, franchises or authorizations of or from any governmental authority or agency. 
 “Pledged Collateral” means all Pledged Stock, including all stock certificates, options or rights of any nature whatsoever in respect of the Pledged Stock that may be issued or granted
to, or held by, such Grantor while this Security Agreement is in effect, all Instruments, Securities and other Investment Property owned by any Grantor, whether or not physically delivered to the Agent pursuant to this Security Agreement, whether
now owned or hereafter acquired by such Grantor and any and all Proceeds thereof, excluding any items specifically excluded from the definition of Collateral. 
 “Pledged Stock” means, with respect to any Grantor, the shares of Capital Stock set forth in the Perfection Certificate as held by such Grantor, together with any other shares of Capital
Stock required to be pledged by such Grantor pursuant to Section 5.12 of the Term Loan Credit Agreement. 

“Proceeds” shall have the meaning assigned in Article 9 of the UCC and, in any event, shall also include, but not be
limited to, (i) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to the Agent or any Grantor from time to time with respect to any of the Collateral, (ii) any and all payments (in any form whatsoever) made or
due and payable to any Grantor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority (or any Person acting under color of
governmental authority), (iii) any and all Stock Rights and (iv) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. 

“Receivables” means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or
claims to receive money that are General Intangibles or that are otherwise included as Collateral, excluding any items specifically excluded from the definition of Collateral. 
 “Section” means a numbered section of this Security Agreement, unless another document is specifically referenced. 

“Secured Parties” means (a) the Term Loan Lenders, (b) the Agent, (c) each counterparty to any Hedge
Agreement with a Loan Party the obligations under which constitute Secured Hedging Obligations, (d) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (e) the successors and
permitted assigns of each of the foregoing. 
 “Software” shall mean computer programs, source code, object
code and supporting documentation including “software” as such term is defined in Article 9 of the UCC, as well as computer programs that may be construed as included in the definition of Goods. 

“Stock Rights” means all dividends, instruments or other distributions and any other right or property which any Grantor
shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Capital Stock 

  
 4 

 
constituting Collateral, any right to receive any Capital Stock constituting Collateral and any right to receive earnings, in which such Grantor now has or hereafter acquires any right, issued by
an issuer of such Capital Stock. 
 “Subsidiary Parties” means (a) the Subsidiaries identified on
Exhibit C hereto and (b) each other Domestic Subsidiary that becomes a party to this Security Agreement as a Subsidiary Party after the date hereof, in accordance with Section 7.12 herein and Section 5.12 of the Term
Loan Credit Agreement. 
 “Supporting Obligation” shall have the meaning set forth in Article 9 of the UCC.

 “Tangible Chattel Paper” shall mean “tangible chattel paper” as such term is defined in Article 9
of the UCC. 
 “Term Loan Lenders” means the “Lenders” under and as defined in the Term Loan
Credit Agreement. 
 “Term Loan Security Documents” shall have the meaning set forth in the Intercreditor
Agreement. 
 “Term Proceeds Account” has the meaning set forth in the Term Loan Credit Agreement. 

“Trade Secrets” means, with respect to any Grantor, all of such Grantor’s right, title and interest in and to the
following: (a) United States trade secrets or other confidential and proprietary information, including unpatented inventions, invention disclosures, engineering or other data, information, production procedures, know-how, financial data,
customer lists, supplier lists, business and marketing plans, processes, schematics, algorithms, techniques, analyses, proposals, source code, and data collections; (b) all income, royalties, damages, and payments now or hereafter due or
payable with respect thereto, including, without limitation, damages, claims and payments for past and future infringements thereof; (c) all rights to sue for past, present and future infringements of the foregoing, including the right to
settle suits involving claims and demands for royalties owing; and (d) all rights corresponding to any of the foregoing. 

“Trademarks” means, with respect to any Grantor, all of such Grantor’s right, title, and interest in and to the
following: (a) United States all trademarks (including service marks), trade names, trade dress, and logos, slogans and other indicia of origin and the registrations and applications for registration thereof and the goodwill of the business
symbolized by the foregoing; (b) all renewals of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments for past
and future infringements thereof; (d) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and demands for royalties owing; and (e) all domestic rights
corresponding to any of the foregoing. 
 “UCC” means the Uniform Commercial Code as in effect from time to
time in the State of New York. 

  
 5 

 The foregoing definitions shall be equally applicable to both the singular and plural forms
of the defined terms. 
 ARTICLE 2 
 GRANT OF SECURITY INTEREST 
 Section 2.01. Grant of Security Interest. (a) As security for the prompt and complete payment or performance, as the case may be, in full of the Secured Obligations, each Grantor hereby
pledges, collaterally assigns, mortgages, transfers and grants to the Agent, its successors and assigns, on behalf of and for the ratable benefit of the Secured Parties, a continuing security interest in all of its right, title and interest in, to
and under all personal property and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor, and regardless of where located (all of which are collectively referred to as the
“Collateral”), including: 
 (i) all Accounts; 

(ii) all Chattel Paper (including, without limitation, all Tangible Chattel Paper and all Electronic Chattel Paper); 

(iii) all Copyrights, Patents, Trademarks and Trade Secrets; 
 (iv) all Documents; 
 (v) all Equipment; 

(vi) all Fixtures; 
 (vii) all General Intangibles; 
 (viii) all Goods; 

(ix) all Instruments; 
 (x) all Inventory; 
 (xi) all Investment Property; 

(xii) all Money, cash and cash equivalents; 
 (xiii) all letters of credit and Letter-of-Credit Rights; 
 (xiv) all Deposit
Accounts, Securities Accounts, Commodities Accounts and all other demand, deposit, time, savings, cash management, passbook and similar accounts maintained by such Grantor with any bank or other financial institution and all monies, securities,
Instruments and other investments deposited or required to be deposited in any of the foregoing; 
 (xv) the Term Proceeds
Account, and all cash, Money, securities and other investments deposited therein; 

  
 6 

 (xvi) all Security Entitlements in any or all of the foregoing; 

(xvii) all Commercial Tort Claims; 
 (xviii) all Permits; 
 (xix) all Software and all recorded data of any kind or
nature, regardless of the medium of recording; 
 (xx) all Domain Names; 

(xxi) all Contracts, together with all Contract Rights arising thereunder; 

(xxii) all Licenses; 
 (xxiii) all other personal property not otherwise described in clauses (i) through (xxii) above, in each case now owned or at any time hereafter acquired by such Grantor or in which such Grantor
now has or at any time in the future may acquire any right, title or interest; 
 (xxiv) all Supporting Obligations and

 (xxv) all accessions to, substitutions and replacements for, Proceeds and products of the foregoing, together with all books
and records, customer lists, credit files, computer files, programs, printouts and other computer materials and records related thereto and any General Intangibles at any time evidencing or relating to any of the foregoing and all collateral
security and guarantees given by any Person with respect to any of the foregoing. 
 (b) Notwithstanding the
foregoing, the term “Collateral” (and any component definition thereof) shall not include: 
 (i) any
General Intangibles or other rights arising under any contracts, instruments, leases, licenses, agreements or other documents as to which the grant of a security interest would (i) constitute a violation of a restriction in favor of a third
party on such grant or result in the abandonment, invalidation or unenforceability of any right of such Grantor, unless and until any required consents shall have been obtained, or (ii) result in a breach, termination or default under such
contract, instrument, lease, license, agreement or other document (including pursuant to any “change of control” or similar provision); provided, however, such Collateral shall only be excluded, in each case under clauses
(i) and (ii) above, to the extent such violation or right to terminate would not be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant
jurisdiction or any other applicable law or principles or equity; and provided, further, that such Collateral shall not be excluded, and such security interest shall attach immediately at such time as the condition causing such violation or
right to terminate shall no longer exist and to the extent severable, shall attach immediately to, any portion of such General Intangible that does not result in any of the consequences specified in clauses (i) or (ii) above,

  
 7 

 (ii) the Capital Stock of any Foreign Subsidiary or Disregarded Domestic
Subsidiary of such Grantor, other than 65% of the issued and outstanding Capital Stock entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) of each first-tier Foreign Subsidiary or Disregarded Domestic Subsidiary of any
Grantor, as applicable, 
 (iii) the Capital Stock of any Immaterial Subsidiary (except to the extent the
security interest therein can be perfected by the filing of a Form UCC-1 financing statement), Captive Insurance Subsidiary, Unrestricted Subsidiary or not-for-profit Subsidiary or any special purpose entity used for securitization facilities,

 (iv) any intent-to-use (or similar) Trademark applications prior to the filing of a “Statement of
Use” or “Amendment to Allege Use” with respect thereto, to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein may impair the validity or enforceability of such
intent-to-use Trademark applications under applicable law, 
 (v) any asset or property, the granting of a
security interest in which would (A) require any governmental consent, approval, license or authorization, (B) be prohibited by enforceable anti-assignment provisions of applicable law, except, in the case of this clause (B), to the extent
such prohibition would be rendered ineffective under the UCC or other applicable law notwithstanding such prohibition, or (C) result in adverse tax consequences to any Grantor as reasonably determined by the Borrower Agent with notice to the
Agent, 
 (vi) any leasehold Real Estate Asset, 

(vii) any interests in partnerships, joint ventures and non-Wholly-Owned Subsidiaries which cannot be pledged without the
consent of one or more third parties other than either Borrower or any of its Subsidiaries (after giving effect to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other
applicable law or principles or equity), 
 (viii) any Margin Stock, 

(ix) any asset specifically requiring perfection through a control agreement or other control arrangements other than
(A) in respect of Pledged Collateral to the extent required by Section 4.03 below and (B) to the extent required pursuant to Section 2.21 of the Revolving Loan Agreement, 

(x) Commercial Tort Claims individually with a value of less than $1,500,000, 

(xi) vehicles and other assets subject to certificates of title, 

  
 8 

 (xii) Letter of Credit Rights to the extent that a security interest therein
cannot be perfected by filing a UCC financing statement, and 
 (xiii) any specifically identified asset
with respect to which the Agent and the Company shall have reasonably determined that the cost, burden, difficulty or consequence of obtaining or perfecting a security interest therein outweighs the fair market value thereof and the benefit of a
security interest to the Secured Parties afforded thereby (all of the items referred to in clauses (i) through (xiii) hereof, collectively, the “Excluded Collateral”). 

Notwithstanding anything to the contrary contained herein, immediately upon the ineffectiveness, lapse or termination of any restriction
or condition set forth in preceding paragraph, the Collateral shall include, and the Borrowers shall be deemed to have granted a security in, all such rights and interests or other assets, as the case may be, as if such provision had never been in
effect. 
 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES 
 The
Grantors, jointly and severally, represent and warrant to the Agent as of the Closing Date, for the benefit of the Secured Parties, that: 
 Section 3.01. Title, Perfection and Priority; Filing Collateral. This Security Agreement is effective to create a legal, valid and enforceable Lien on and security interest in the Collateral
in which a security interest may be perfected by filing a financing statement under the UCC in favor of the Agent for the ratable benefit of the Secured Parties, subject, as to enforceability, to applicable bankruptcy, insolvency or similar laws
affecting creditors’ rights generally and to general principles of equity and principles of good faith and dealing, and when appropriate financing statements have been filed with the Secretary of State of the state of organization of such
Grantor against such Grantor, the Agent will have a fully perfected First Priority Lien on such Collateral. 

Section 3.02. Type and Jurisdiction of Organization, Organizational and Identification Numbers. As of the Closing Date, the
type of entity of each Grantor, its jurisdiction of organization, the organizational number, if any, issued to it by its jurisdiction of organization and its Federal Taxpayer Identification Number are accurately set forth on Schedule 1(a) to the
Perfection Certificate. 
 Section 3.03. Principal Location. As of the Closing Date, the address of each
Grantor’s chief executive office is accurately disclosed on Schedule 2(a) to the Perfection Certificate. 

Section 3.04. Collateral Locations. Each location where material Collateral consisting of Inventory or Equipment is located
as of the Closing Date (except for Collateral in transit) is accurately listed on Schedules 2(c) and 2(d) of the Perfection Certificate. All of said locations are owned by a Grantor except for locations (a) that are leased by a Grantor as
lessee and designated as such on Schedule 2(d) of the Perfection Certificate and (b) at which Inventory is held in a public warehouse or is otherwise held by a bailee or on consignment as designated on Schedule 2(d) of the Perfection
Certificate. 

  
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 Section 3.05. Bailees, Warehousemen, Etc. The Perfection Certificate accurately
sets forth a list, as of the Closing Date, of each bailee, warehouseman and other third party in possession or control of any material Inventory of any Grantor (except for any such Collateral in transit). 

Section 3.06. Exact Names. As of the Closing Date, the name in which each Grantor has executed this Security Agreement and
each other Loan Document to which such Grantor is a party is the exact legal name of such Grantor as it appears in such Grantor’s Organizational Documents, as filed with the Secretary of State of such Grantor’s jurisdiction of
organization. 
 Section 3.07. Letter-of-Credit Rights and Tangible Chattel Paper. As of the Closing Date, Schedule
8 to the Perfection Certificate lists all Letter-of-Credit Rights with value in excess of $1,500,000 and Schedule 4 to the Perfection Certificate lists all Tangible Chattel Paper with value in excess of $1,500,000 of each Grantor. 

Section 3.08. Accounts and Chattel Paper. The names of the obligors, amounts owing, due dates and other material information
with respect to each Grantor’s Accounts and Chattel Paper that are Collateral are correctly stated in all material respects in the records of such Grantor relating thereto and, to the extent they have been created, in all invoices, to the
extent that such records and invoices are required to be furnished to the Agent by such Grantor from time to time. 

Section 3.09. Intellectual Property. (a) As of the Closing Date, no Grantor has any exclusive ownership interest in, or
title to, any material registered Patent, Trademark or Copyright except as set forth in Schedules 5(a) or 5(b) to the Perfection Certificate. Upon filing of appropriate financing statements with the Secretary of State of the state of organization of
such Grantor and the filing of this Security Agreement (or a fully executed short form agreement in form and substance reasonably satisfactory to the Agent) with the United States Copyright Office or the United States Patent and Trademark Office, as
applicable, the Agent shall have a fully perfected First Priority Lien on the Collateral constituting Patents, Trademarks and Copyrights under the UCC and the laws of the United States for the ratable benefit of the Secured Parties, and such
perfected security interests shall be enforceable as such as against any and all creditors of and purchasers from the Grantors, subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to general
principles of equity and principles of good faith and dealing. 
 (b) Each Grantor represents and warrants that
it has good and marketable title to or a valid license or right to use, all Patents, Trademarks, Copyrights and Trade Secrets necessary for the present conduct of its business, without, to the knowledge of the Borrower Agent and its Subsidiaries,
any infringement, misuse, misappropriation, or violation, individually or in the aggregate, of the rights of others, and free from any burdensome restrictions on the present conduct of its business, except where such failure to own or license or
where such infringement, misuse, misappropriation or violation or restrictions would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 (c) Each Grantor represents and warrants that such Grantor is not aware of
any third-party claim (i) that any of its owned Patent, Trademark or Copyright registrations or applications is invalid or unenforceable, or (ii) challenging Grantor’s rights to such registrations and applications, and no Grantor is
aware of any basis for such claims, other than, in each case, to the extent any such third-party claims would not reasonably be expected to have a Material Adverse Effect. 
 Section 3.10. [Reserved.] 
 Section 3.11. Pledged
Collateral. As of the Closing Date, Schedules 3 and 4 of the Perfection Certificate set forth a complete and accurate list of all of promissory notes, Instruments (other than checks to be deposited in the ordinary course of business) and
Tangible Chattel Paper, in each case exceeding $1,500,000, held by any Grantor and, all Pledged Stock of each Grantor, together with the percentage of the total issued and outstanding Capital Stock of the issuer thereof represented thereby. Each
Grantor further represents and warrants that (i) all Pledged Stock has been (to the extent such concepts are relevant with respect to such Pledged Collateral) duly authorized and validly issued by the issuer thereof and are fully paid and
non-assessable, (ii) with respect to any certificates delivered to the Agent (or its bailee) representing Capital Stock, either such certificates are Securities as defined in Article 8 of the UCC as a result of actions by the issuer or
otherwise, or, if such certificates are not Securities, such Grantor has so informed the Agent so that the Agent (or its bailee) may take steps to perfect its security interest therein as a General Intangible and (iii) it has complied with the
procedures set forth in Section 4.03 hereof with respect to all Pledged Collateral. 
 Section 3.12.
Commercial Tort Claims. As of the Closing Date, no Grantor holds any Commercial Tort Claims having a value in excess of $1,500,000, except as indicated on Schedule 6 to the Perfection Certificate. 

Section 3.13. Perfection Certificate. The Perfection Certificate and each Perfection Certificate Supplement has been duly
prepared, completed and executed and the information set forth therein is correct and complete in all material respects as of the Closing Date or, in the case of each Perfection Certificate Supplement, as of the date of delivery thereof. 

Section 3.14. Deposit Accounts. As of the Closing Date, all Deposit Accounts maintained by each Grantor, are described in
Exhibit G, which description includes for each such account the name of the Grantor maintaining such account, the name of the financial institution at which such account is maintained and the account number of such account. 

Section 3.15. Certain Significant Transactions. During the four-month period preceding the date of this Security Agreement,
no Person shall have merged or consolidated with or into any Grantor, and no Person shall have liquidated into, or transferred all or substantially all of its assets to, any Grantor, in each case except as described in Schedule 1(d) of the
Perfection Certificate. 
 Section 3.16. Recourse. This Security Agreement is made with full recourse to each
Grantor and pursuant to and upon all the warranties, representations, covenants and agreements on the part of such Grantor contained herein, in the Loan Documents and otherwise in writing in connection herewith and therewith. 

  
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 ARTICLE 4 
 COVENANTS 
 From the date hereof, and thereafter until the
Termination Date, each Grantor agrees that: 
 Section 4.01. General. 

(a) [Reserved.] 
 (b) Authorization to File Financing Statements; Ratification. Each Grantor hereby authorizes the Agent to file, and, if requested, agrees to execute and deliver to the Agent, all financing
statements, in form appropriate for filing under the UCC of the relevant jurisdiction, and other documents and take such other actions as may from time to time be reasonably requested by the Agent in order to establish and maintain a First Priority,
valid, enforceable (subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to general principles of equity and principles of good faith and dealing) and perfected security interest in and, with
respect to Pledged Collateral to the extent required under Section 4.03, Control of, the Collateral. Each Grantor shall pay any applicable filing fees, recordation taxes and related expenses relating to its Collateral. Any financing
statement filed by the Agent may be filed in any filing office in any applicable Uniform Commercial Code jurisdiction and may (i) be filed without the signature of such Grantor where permitted by law, (ii) indicate the Collateral
(A) as all assets of the applicable Grantor or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the Uniform Commercial Code of such jurisdiction, or
(B) by any other description which reasonably approximates the description contained in this Security Agreement, and (iii) contain any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office
acceptance of any financing statement or amendment, including (A) whether the Grantor is an organization, the type of organization and any organization identification number issued to the Grantor and (B) in the case of a financing
statement filed as a fixture filing, a sufficient description of real property to which the Collateral relates. Each Grantor also agrees to furnish any such information to the Agent promptly upon request. 

(c) Further Assurances. Each Grantor agrees, at its own expense, to take any and all actions reasonably necessary
to defend title to the Collateral against all Persons (other than Persons holding Permitted Liens on such Collateral that have priority over the Agent’s Lien) and to defend the security interest of the Agent in the Collateral and the priority
thereof against any Lien that is not a Permitted Lien. 
 (d) [Reserved.] 

(e) [Reserved.] 

  
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 (f) [Reserved.] 

(g) Change of Name, Etc. Each Grantor agrees to furnish to the Agent prompt written notice of any change in:
(i) such Grantor’s legal name; (ii) such Grantor’s identity or corporate structure, (iii) such Grantor’s jurisdiction of incorporation or formation or (iv) such Grantor’s Federal Taxpayer Identification Number
or organizational identification number assigned to it by its jurisdiction of incorporation or formation and, in each case, shall promptly make all filings required under the Uniform Commercial Code or other applicable law and take all other actions
reasonably requested by the Agent and deemed by the Agent to be necessary or reasonable and appropriate to ensure that the Agent shall continue at all times following such change to have a valid, legal, enforceable (subject to applicable bankruptcy,
insolvency or similar laws affecting creditors’ rights generally and to general principles of equity and principles of good faith and dealing) and perfected First Priority Lien in such Collateral for its benefit and the benefit of the other
Secured Parties. 
 Section 4.02. [Reserved.]  

Section 4.03. Pledged Collateral. 
 (a) Delivery of Certificated Securities, Tangible Chattel Paper, Instruments and Documents. Each Grantor will, subject to the last paragraph of Section 4.01 of the Term Loan Credit Agreement
and the Intercreditor Agreement, (a) on the Closing Date, deliver to the Agent for the benefit of the Secured Parties, the originals of all (x) certificated Securities and (y) Tangible Chattel Paper and Instruments, in each case under
this clause (y), having an outstanding balance in excess of $1,500,000, in each case, constituting Collateral owned by such Grantor as of the Closing Date, accompanied by undated instruments of transfer or assignment duly executed in blank,
(b) after the Closing Date, hold in trust for the Agent upon receipt and, on or prior to the later to occur of (i) 30 days following the date of such receipt and (ii) the earlier of the date of the required delivery of the next
Compliance Certificate following such receipt and the date which is 45 days after the end of the most recently ended Fiscal Quarter (or such later date as may be acceptable to the Agent in its discretion), deliver to the Agent for the benefit of the
Secured Parties (x) certificated Securities and (y) Tangible Chattel Paper and Instruments, in each cause under this clause (y), having an outstanding balance in excess of $1,500,000, in each case, constituting Collateral received
after the date hereof, accompanied by undated instruments of transfer or assignment duly executed in blank and (c) upon the occurrence and during the continuance of an Event of Default and upon the Agent’s request, deliver to the Agent,
and thereafter hold in trust for the Agent upon receipt and promptly deliver to the Agent any other Document evidencing or constituting Collateral. 
 (b) Uncertificated Securities and Pledged Collateral. With respect to (i) any uncertificated Pledged Stock or any Pledged Collateral held by a Clearing Corporation, Securities Intermediary or
other financial intermediary of any kind, at the Agent’s request, the relevant Grantor shall execute and deliver, and shall cause any such issuer or intermediary to execute and deliver, an agreement among such Grantor, the Agent and

  
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such issuer or intermediary in form and substance reasonably satisfactory to the Agent which provides, among other things, for the issuer’s or intermediary’s agreement that it will
comply with such entitlement orders, and apply any value distributed on account of any Pledged Collateral, as directed by the Agent without further consent by such Grantor and (ii) any partnership interest or limited liability company interest
of any Grantor (other than a partnership interest or limited liability company interest held by a Clearing Corporation, Securities Intermediary or other financial intermediary of any kind) not represented by a certificate and/or which is not a
Security for purposes of the UCC, such Grantor shall not permit any issuer of such partnership interests or limited liability company interests to (A) enter into any agreement with any Person, other than the Agent and the Revolving Facility
Agent, whereby such issuer effectively delivers “control” of such partnership interests or limited liability company interests (as applicable) under the UCC to such Person, or (B) allow such partnership interests or limited liability
company interests (as applicable) to become Securities unless such Grantor complies with the procedures set forth in Sections 4.03(a) or 4.03(b)(i), as applicable. 

(c) Registration in Nominee Name; Denominations. Subject to the terms of the Intercreditor Agreement, the
Agent, on behalf of the Secured Parties, shall hold certificated Pledged Collateral required to be delivered to the Agent under clause (a) above in the name of the applicable Grantor, endorsed or assigned in blank or in favor of the
Agent, but following the occurrence and during the continuance of an Event of Default and upon three Business Days’ notice to the Company, the Agent shall have the right (in its sole and absolute discretion) to hold the Pledged Collateral in
its own name as pledgee, or in the name of its nominee (as pledgee or as sub-agent). Subject to the terms of the Intercreditor Agreement, following the occurrence and during the continuance of an Event of Default, the Agent shall at all times have
the right to exchange the certificates representing Pledged Collateral for certificates of smaller or larger denominations for any purpose consistent with this Security Agreement. 

(d) Exercise of Rights in Pledged Collateral. Subject, in each case, to the Intercreditor Agreement, 

(i) without in any way limiting the foregoing and subject to clause (ii) below, each Grantor shall have the
right to exercise all voting rights or other rights relating to the Pledged Collateral for all purposes not inconsistent with this Security Agreement, the Term Loan Credit Agreement or any other Loan Document; 

(ii) each Grantor will permit the Agent or its nominee at any time after the occurrence and during the continuance of
an Event of Default and upon three Business Days’ prior written notice from the Agent to the Grantors stating its intent to exercise remedies under this Section 4.03(d)(ii), to exercise all voting rights or other rights relating to
Pledged Collateral, including, without limitation, exchange, subscription or any other rights, privileges, or options pertaining to any Capital Stock or Investment Property constituting Pledged Collateral as if it were the absolute owner thereof, in
each case in accordance with the terms of the Term Loan Credit Agreement, the other Loan Documents and applicable law; and 

  
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 (iii) each Grantor shall be entitled to receive and retain any and all
dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Collateral; provided that any non-cash dividends or other distributions that would constitute Pledged Collateral, whether resulting from a
subdivision, combination or reclassification of the outstanding Capital Stock of the issuer of any Pledged Collateral or received in exchange for Pledged Collateral or any part thereof, or in redemption thereof, or as a result of any merger,
consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral, and, if received by any Grantor, shall be delivered to the Agent as and to the extent
required by clause (a) above. So long as no Event of Default has occurred and is continuing, the Agent shall promptly deliver to each Grantor (without recourse and without any representation or warranty) any Pledged Collateral in its
possession if requested to be delivered to the issuer thereof in connection with any redemption or exchange of such Pledged Collateral permitted by the Term Loan Credit Agreement. 

Section 4.04. Intellectual Property. (a) Upon the occurrence and during the continuance of an Event of Default and upon
the written request of the Agent, each Grantor will use its commercially reasonable efforts to obtain all consents and approvals necessary or appropriate for the assignment to or for the benefit of the Agent of any License held by such Grantor to
enable the Agent to enforce the security interests granted hereunder. To the extent required pursuant to any License pursuant to which a Grantor is the licensee,, each Grantor party to such License shall deliver to the licensor thereunder any notice
of the grant of security interest hereunder or such other notices required to be delivered thereunder in order to permit the security interest created or permitted to be created hereunder pursuant to the terms of such License. 

(b) Each Grantor shall notify the Agent promptly if it knows or reasonably expects that any application or registration of
any Patent, Trademark, Domain Name, or Copyright (now or hereafter existing) may become abandoned or dedicated to the public, or of any determination or development (including the institution of, or any such determination or development in, any
proceeding in the United States Patent and Trademark Office, the United States Copyright Office or any court) abandoning such Grantor’s ownership of any such Patent, Trademark or Copyright, its right to register the same, or to keep and
maintain the same, except, in each case, for dispositions permitted under the Term Loan Credit Agreement or where such occurrences individually or in the aggregate, could not result in a Material Adverse Effect on the business of such Grantor.

 (c) In the event that a Grantor files an application for the registration of any material Patent, Trademark or
Copyright with the United States Patent and Trademark Office, the United States Copyright Office or any similar office or agency, it shall, on or prior to the later to occur of (i) 30 days following the date of such filing and (ii) the
earlier of the date of the required delivery of the next Compliance Certificate following such filing and the date which is 45 days after the end of the most recently ended Fiscal Quarter (or such later date as may be acceptable to the Agent in its
discretion), provide the Agent with written notice thereof and, upon request of the Agent, such Grantor shall execute and deliver any and all security agreements or other instruments as the Agent may reasonably request to evidence the Agent’s
security interest in such Patent, Trademark or Copyright, and the General Intangibles of such Grantor relating thereto or represented thereby. 

  
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 (d) Each Grantor shall take all actions necessary or reasonably requested by
the Agent to maintain and pursue each application, to obtain the relevant registration and to maintain the registration of each of the Patents, Trademarks, Domain Names and Copyrights (now or hereafter existing) where failure to do so could
reasonably be expected to result in a Material Adverse Effect on the business of the Grantors, taken as a whole, or except as otherwise permitted under the Term Loan Credit Agreement, including the filing of applications for renewal, affidavits of
use, affidavits of noncontestability and, if consistent with good business judgment, to initiate opposition and interference and cancellation proceedings against third parties. 

(e) Each Grantor shall promptly notify the Agent of any material infringement or misappropriation of such Grantor’s
Patents, Trademarks, Copyrights or Trade Secrets of which it becomes aware and shall, if consistent with good business judgment, promptly sue for infringement, misappropriation or dilution of such Patent, Trademark or Copyright and to recover any
and all damages for such infringement, misappropriation or dilution, and shall take such other actions as are reasonable and appropriate under the circumstances to protect such Patent, Trademark, Copyright or Trade Secret, except where such
infringement, misappropriation or dilution could not reasonably be expected to cause a Material Adverse Effect. 

Section 4.05. Commercial Tort Claims. After the Closing Date, on or prior to the later to occur of (i) 30 days following
the date of such acquisition and (ii) the earlier of the date of the required delivery of the next Compliance Certificate following such acquisition and the date which is 45 days after the end of the most recently ended Fiscal Quarter (or such
later date as may be acceptable to the Agent in its discretion), each Grantor shall notify the Agent of any Commercial Tort Claim having a value in excess of $1,500,000 (taking the greater of the aggregate claimed damages thereunder or the
reasonably estimated value thereof) acquired by it, together with a written update to Schedule 6 of the Perfection Certificate describing the details thereof, and such Commercial Tort Claims shall automatically be subject to a First Priority
security interest of the Agent therein and in the Proceeds thereof, all upon the terms of this Security Agreement. 

Section 4.06. Letter-of-Credit Rights. Subject to the Intercreditor Agreement, if any Grantor is or becomes the beneficiary
of a letter of credit having a face amount in excess of $1,500,000, such Grantor shall, on or prior to the later to occur of (i) 30 days following the date of such acquisition and (ii) the earlier of the date of the required delivery of
the next Compliance Certificate following such acquisition and the date which is 45 days after the end of the most recently ended Fiscal Quarter (or such later date as may be acceptable to the Agent in its discretion), notify the Agent thereof.

 Section 4.07. [Reserved.] 

  
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 Section 4.08. Insurance. All insurance policies with respect to the Collateral
shall name the Agent (on behalf of the Term Loan Lenders) as an additional insured or as loss payee, as applicable, and, in the case of casualty insurance policies (including any business interruption policies), shall contain loss payable clauses or
endorsements in form and substance reasonably satisfactory to the Agent. Subject to the Intercreditor Agreement and except to the extent otherwise permitted to be retained by such Grantor or applied by such Grantor pursuant to the terms of the Loan
Documents, the Agent shall, at the time any proceeds of any insurance are distributed to the Secured Parties, apply such proceeds in accordance with Section 5.04 hereof. Each Grantor assumes all liability and responsibility in connection
with the Collateral acquired by it and the liability of such Grantor to pay the Secured Obligations shall in no way be affected or diminished by reason of the fact that such Collateral may be lost, destroyed, stolen, damaged or for any reason
whatsoever unavailable to such Grantor. 
 Section 4.09. Collateral Access Agreements. Each Grantor shall use
commercially reasonable efforts to obtain a collateral access agreement (“Collateral Access Agreement”) in substantially the form of Exhibit D or E, as applicable, from the lessor of each of its leased properties
(other than stores) and the bailee, warehouseman or other third party with respect to any warehouse or other location, in each case where Inventory having a value in excess of $500,000 is stored or located (other than with respect to locations where
Inventory is stored or located on a temporary basis (not to exceed 60 days) in connection with docking and stevedoring services related to such Inventory). 
 Section 4.10. Grantors Remain Liable Under Contracts. Each Grantor (rather than the Agent or any Secured Party) shall remain liable (as between itself and any relevant counterparty) to observe
and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Collateral, all in accordance with the terms and conditions thereof. Neither the Agent nor any other
Secured Party shall have any obligation or liability under any Contract by reason of or arising out of this Security Agreement or the receipt by the Agent or any other Secured Party of any payment relating to such Contract pursuant hereto, nor shall
the Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Contract, to make any payment, to make any inquiry as to the nature or sufficiency of any performance or to
collect the payment of any amounts which may have been assigned to them or to which they may be entitled at any time or times. 

Section 4.11. Grantors Remain Liable Under Accounts. Anything herein to the contrary notwithstanding, the Grantors shall
remain liable under each of the Accounts to observe and perform all of the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to such Accounts. Neither the Agent
nor any other Secured Party shall have any obligation or liability under any Account (or any agreement giving rise thereto) by reason of or arising out of this Security Agreement or the receipt by the Agent or any other Secured Party of any payment
relating to such Account pursuant hereto, nor shall the Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Account (or any agreement giving rise thereto), to make any
payment, to make any inquiry as to the nature or the sufficiency of any payment received by them or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto), to present or file any claim, to take
any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them or to which they may be entitled at any time or times. 

  
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 Section 4.12. Blocked Account Agreements. No Grantor maintains, or at any time
after the date of this Security Agreement shall establish or maintain, any Blocked Account, except for such accounts maintained with a bank (as defined in Section 9-102 of the UCC) whose jurisdiction (determined in accordance with
Section 9-304 of the UCC) is within a state of the United States. For each Blocked Account, whether maintained as of the Closing Date or hereinafter established or maintained, to the extent (and within the time frames) required under the
Revolving Loan Agreement, the respective Grantor shall cause the bank with which the Blocked Account is maintained to execute and deliver to the Agent a Blocked Account Agreement, or the respective Grantor shall furnish to the Agent a supplement of
an existing Blocked Account Agreement containing the relevant information with respect to the respective Blocked Account with which same is established and a Perfection Certificate Supplement shall be provided solely to reflect such Blocked Account.

 ARTICLE 5 
 REMEDIES 
 Section 5.01. Remedies. (a) Each
Grantor agrees that, upon the occurrence and during the continuance of an Event of Default, the Agent may exercise any or all of the following rights and remedies (in addition to the rights and remedies existing under applicable law): 

(i) those rights and remedies provided in this Security Agreement, the Term Loan Credit Agreement, or any other Loan
Document; provided that this Section 5.01(a) shall not be understood to limit any rights available to the Agent and the Term Loan Lenders prior to an Event of Default; 

(ii) those rights and remedies available to a secured party under the UCC (whether or not the UCC applies to the
affected Collateral) or under any other applicable law (including, without limitation, any law governing the exercise of a bank’s right of setoff or bankers’ Lien) when a debtor is in default under a security agreement; 

(iii) give notice of sole control or any other instruction under any Blocked Account Agreement and take any action
permitted therein with respect to the applicable Collateral; 
 (iv) without notice (except as specifically
provided in Section 7.01 or elsewhere herein), demand or advertisement of any kind to any Grantor or any other Person, personally, or by agents or attorneys, enter the premises of any Grantor where any Collateral is located (through
self-help and without judicial process) to collect, receive, assemble, process, appropriate, sell, lease, assign, grant an option or options to purchase or otherwise dispose of, deliver, or realize upon, the Collateral or any part thereof in one or
more parcels at public or private sale or sales (which sales may be adjourned or continued from time to time with or without notice and may take place at such Grantor’s premises or elsewhere), for cash, on credit or for future delivery without
assumption of any credit risk, and upon such other terms as the Agent may deem commercially reasonable; 

  
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 (v) Upon three Business Days’ written notice to the Grantors,
transfer and register in its name or in the name of its nominee the whole or any part of the Pledged Collateral, to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or
larger denominations, and subject to the notice requirements of Section 4.03(d)(ii), to exercise the voting and all other rights as a holder with respect thereto, to collect and receive all cash dividends, interest, principal and other
distributions made thereon and to otherwise act with respect to the Pledged Collateral as though the Agent was the outright owner thereof; 
 (vi) subject to the Intercreditor Agreement, instruct all depositary banks which have entered into a Blocked Account Agreement to transfer all monies, securities and instruments held by such
depository bank to the Term Proceeds Account and without notice to or assent by any Grantor, apply any or all amounts then in, or thereafter deposited in the Term Proceeds Account toward the payment of the Secured Obligations in the manner provided
in Section 5.04 hereof; and 
 (vii) take possession of the Collateral or any part thereof, by
directing such Grantor in writing to deliver the same to the Agent at any reasonable place or places designated by the Agent, in which event such Grantor shall at its own expense: 

(1) forthwith cause the same to be moved to the place or places so designated by the Agent and there delivered to the Agent; 

(2) store and keep any Collateral so delivered to the Agent at such place or places pending further action by the Agent; and

 (3) while the Collateral shall be so stored and kept, provide such security and maintenance services as shall be
reasonably necessary to protect the same and to preserve and maintain it in good condition. 
 (b) Each Grantor
acknowledges and agrees that the compliance by the Agent, on behalf of the Secured Parties, with any applicable state or federal law requirements in connection with a disposition of the Collateral will not be considered to adversely affect the
commercial reasonableness of any sale of the Collateral. 
 (c) The Agent shall have the right upon any public
sale or sales and, to the extent permitted by law, upon any private sale or sales, to purchase for the benefit of the Agent and the Secured Parties, the whole or any part of the Collateral so sold, free of any right of equity redemption, which
equity redemption each Grantor hereby expressly releases. 

  
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 (d) Until the Agent is able to effect a sale, lease, transfer or other
disposition of Collateral under this Section 5.01, the Agent shall have the right to hold or use Collateral, or any part thereof, to the extent that it deems appropriate for the purpose of preserving Collateral or the value of the
Collateral, or for any other purpose deemed appropriate by the Agent. Upon the occurrence and during the continuance of an Event of Default, the Agent may, if it so elects, seek the appointment of a receiver or keeper to take possession of
Collateral and to enforce any of the Agent’s remedies (for the benefit of the Agent and Secured Parties), with respect to such appointment without prior notice or hearing as to such appointment. 

(e) [Reserved.] 
 (f) Notwithstanding the foregoing, neither the Agent nor the Secured Parties shall be required to (i) make any demand upon, or pursue or exhaust any of their rights or remedies against, the Grantors,
any other obligor, guarantor, pledgor or any other Person with respect to the payment of the Secured Obligations or to pursue or exhaust any of their rights or remedies with respect to any Collateral therefor or any direct or indirect guarantee
thereof, (ii) marshal the Collateral or any guarantee of the Secured Obligations or to resort to the Collateral or any such guarantee in any particular order, or (iii) effect a public sale of any Collateral. 

(g) Each Grantor recognizes that the Agent may be unable to effect a public sale of any or all the Pledged Collateral and
may be compelled to resort to one or more private sales thereof. Each Grantor also acknowledges that any private sale may result in prices and other terms less favorable to the seller than if such sale were a public sale and, notwithstanding such
circumstances, agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner solely by virtue of such sale being private. The Agent shall be under no obligation to delay a sale of any of the Pledged
Collateral for the period of time necessary to permit any Grantor or the issuer of the Pledged Collateral to register such securities for public sale under the Securities Act of 1933, as amended, or under applicable state securities laws, even if
any Grantor and the issuer would agree to do so. 
 (h) Notwithstanding the foregoing, any rights and remedies
provided in this Section 5.01 shall be subject to the Intercreditor Agreement. 
 Section 5.02.
Grantors’ Obligations Upon Default. Upon the request of the Agent after the occurrence and during the continuance of an Event of Default, each Grantor will: 

(a) At its own cost and expense (i) assemble and make available to the Agent the Collateral and all books and records
relating thereto at any place or places reasonably specified by the Agent, whether at such Grantor’s premises or elsewhere, (ii) deliver all tangible evidence of its Accounts and Contract Rights (including, without limitation, all
documents evidencing the Accounts and all Contracts) and such books and records to the Agent or to its representatives (copies of which evidence and books and records may be retained by such Grantor) and (iii) if the Agent so directs, such
Grantor shall legend, in form and manner satisfactory to the Agent, the Accounts and the Contracts, as well as 

  
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books, records and documents (if any) of such Grantor evidencing or pertaining to such Accounts and Contracts with an appropriate reference to the fact that such Accounts and Contracts have been
assigned to the Agent and that the Agent has a security interest therein; 
 (b) permit the Agent, by the
Agent’s representatives and agents, to enter, occupy and use any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral or the
books and records relating thereto, or both, to remove all or any part of the Collateral or the books and records relating thereto, or both, and to conduct sales of the Collateral, without any obligation to pay any Grantor for such use and
occupancy. 
 Section 5.03. Intellectual Property Remedies. (a) For the purpose of enabling the Agent to
exercise the rights and remedies under this Article 5 upon the occurrence and during the continuance of an Event of Default and at such time as the Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby
grants to the Agent a power of attorney to sign any document which may be required by the United States Patent and Trademark Office or similar registrar in order to effect an absolute assignment of all right, title and interest in each registered
Patent, Trademark, Domain Name, and Copyright and each application for such registration, and record the same. If an Event of Default shall occur and be continuing, the Agent may (i) declare the entire right, title and interest of such Grantor
in and to each Patent, Trademark, Domain Name, Copyright or Trade Secret vested in the Agent for the benefit of the Secured Parties, in which event such rights, title and interest shall immediately vest, in the Agent for the benefit of the Secured
Parties, and the Agent shall be entitled to exercise the power of attorney referred to in this Section 5.03 hereof to execute, cause to be acknowledged and notarized and record said absolute assignment with the applicable agency or
registrar; (ii) sell any Grantor’s Inventory directly to any Person, including without limitation Persons who have previously purchased any Grantor’s Inventory from such Grantor and in connection with any such sale or other
enforcement of the Agent’s rights under this Security Agreement, may (subject to any restrictions contained in applicable third party licenses entered into by a Grantor) sell Inventory which bears any Trademark owned by or licensed to any
Grantor and any Inventory that is covered by any Copyright owned by or licensed to such Grantor and the Agent may finish any work in process and affix any relevant Trademark owned by or licensed to any Grantor and sell such Inventory as provided
herein; (iii) direct such Grantor to refrain, in which event such Grantor shall refrain, from using any Patent, Trademark, Domain Name, Copyright, and Trade Secret in any manner whatsoever, directly or indirectly; and (iv) assign or sell
the Patents, Trademarks, Copyrights, Domain Names, and Trade Secrets, as well as the goodwill of such Grantor’s business symbolized by the Trademarks and the right to carry on the business and use the assets of such Grantor in connection with
which the Trademarks or Domain Names have been used. 
 (b) Each Grantor hereby grants to the Agent an
irrevocable, nonexclusive license to use, license or sublicense any Patents, Trademarks, Copyrights and Trade Secrets now owned or hereafter acquired by such Grantor, wherever the same may be located, and including in such license access to all
media in which any of the licensed items may be recorded or stored and to all computer software and programs used for compilation or printout thereof. The use of the license granted pursuant to the preceding sentence by the

  
 21 

 
Agent may be exercised, at the option of the Agent, only upon the occurrence and during the continuance of an Event of Default; provided, however, that any license, sublicense or other
transaction entered into by the Agent in accordance with this clause (b) shall be binding upon each Grantor notwithstanding any subsequent cure of an Event of Default. 

Section 5.04. Application of Proceeds. (a) Subject to the Intercreditor Agreement, the Agent shall apply the proceeds of
any collection, sale, foreclosure or other realization upon any Collateral, as well as any Collateral consisting of Cash, as set forth in Section 2.18(b) of the Term Loan Credit Agreement. 

(b) Except as otherwise provided herein or in the other Loan Documents, the Agent shall have absolute discretion as to the
time of application of any such proceeds, moneys or balances in accordance with this Security Agreement. Upon any sale of Collateral by the Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt
of the Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase
money paid over to the Agent or such officer or be answerable in any way for the misapplication thereof. It is understood that the Grantors shall remain jointly and severally liable to the extent of any deficiency between the amount of the proceeds
of the Collateral and the aggregate amount of the Secured Obligations. 
 ARTICLE 6 

ACCOUNT VERIFICATION; ATTORNEY IN FACT; PROXY

 Section 6.01. Account Verification. The Agent may at any time and from time to time following the occurrence and
during the continuance of an Event of Default, in the Agent’s own name, in the name of a nominee of the Agent, or in the name of any Grantor communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of such Grantor,
parties to contracts with such Grantor and obligors in respect of Instruments of such Grantor to verify with such Persons, to the Agent’s reasonable satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts,
Instruments, Chattel Paper, payment intangibles and/or other Receivables that are Collateral. 
 Section 6.02.
Authorization for Secured Party to Take Certain Action. (a) Each Grantor hereby irrevocably authorizes the Agent and appoints the Agent (and all officers, employees or agents designated by the Agent) as its true and lawful attorney in
fact (i) at any time and from time to time in the sole discretion of the Agent (A) to execute on behalf of such Grantor as debtor and to file financing statements necessary or desirable in the Agent’s reasonable discretion to perfect
and to maintain the perfection and priority of the Agent’s security interest in the Collateral, (B) to file a carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral
as a financing statement and to file any other financing statement or amendment of a financing statement (which would not add new collateral or add a debtor, except as otherwise provided for herein or in any other Loan Document) in such offices as
the Agent in its reasonable discretion deems necessary or desirable to perfect and to maintain the perfection and priority of the Agent’s security interest in the Collateral, and (C) to contact and enter into one or more agreements with
the issuers of 

  
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uncertificated securities which are Pledged Collateral or with securities intermediaries holding Pledged Collateral as may be necessary or advisable to give the Agent Control over such Pledged
Collateral (subject to the terms of the Intercreditor Agreement); (ii) at any time following the occurrence and during the continuance of an Event of Default in the sole discretion of the Agent (in the name of such Grantor or otherwise),
(A) to endorse and collect any cash proceeds of the Collateral and to apply the proceeds of any Collateral received by the Agent to the Secured Obligations as provided herein or in the Term Loan Credit Agreement or any other Loan Document,
subject to the terms of the Intercreditor Agreement, (B) to demand payment or enforce payment of the Receivables in the name of the Agent or any Grantor and to endorse any and all checks, drafts, and other instruments for the payment of money
relating to the Receivables, (C) to sign any Grantor’s name on any invoice or bill of lading relating to the Receivables, drafts against any Account Debtor of such Grantor, assignments and verifications of Receivables, (D) to exercise
all of any Grantor’s rights and remedies with respect to the collection of the Receivables and any other Collateral, (E) to settle, adjust, compromise, extend or renew the Receivables, (F) to settle, adjust or compromise any legal
proceedings brought to collect Receivables, (G) to prepare, file and sign any Grantor’s name on a proof of claim in bankruptcy or similar document against any Account Debtor of such Grantor, (H) to prepare, file and sign any
Grantor’s name on any notice of Lien, assignment or satisfaction of Lien or similar document in connection with the Receivables, (I) to change the address for delivery of mail addressed to any Grantor to such address as the Agent may
designate and to receive, open and dispose of all mail addressed to such Grantor (provided copies of such mail is provided to such Grantor), (J) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for
Permitted Liens), (O) to make, settle and adjust claims in respect of Collateral under policies of insurance, endorse the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of
insurance, (P) make all determinations and decisions with respect thereto and (Q) obtain or maintain the policies of insurance of the types referred to in Section 5.05 of the Term Loan Credit Agreement or to pay any premium in whole
or in part relating thereto; and (iii) to do all other acts and things or institute any proceedings which the Agent may reasonably deem to be necessary or advisable (pursuant to this Security Agreement and the other Loan Documents and in
accordance with applicable law) to carry out the terms of this Security Agreement and to protect the interests of the Secured Parties; and, to the extent required pursuant to Section 9.03(a) of the Term Loan Credit Agreement, each Grantor
agrees to reimburse the Agent on demand for any payment made in connection with this paragraph or any expense (including attorneys’ fees, court costs and expenses) and other changes related thereto incurred by the Agent in connection with any
of the foregoing and any such sums shall constitute additional Secured Obligations; provided that, this authorization shall not relieve any Grantor of any of its obligations under this Security Agreement or under the Term Loan Credit
Agreement. 
 (b) All acts of said attorney or designee are hereby ratified and approved by the Grantors. The
powers conferred on the Agent, for the benefit of the Agent and Secured Parties, under this Section 6.02 are solely to protect the Agent’s interests in the Collateral and shall not impose any duty upon the Agent or any Secured Party
to exercise any such powers. 

  
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 Section 6.03. PROXY. EACH GRANTOR HEREBY IRREVOCABLY CONSTITUTES AND APPOINTS
THE AGENT AS ITS PROXY AND ATTORNEY-IN-FACT (AS SET FORTH IN SECTION 6.02 ABOVE) WITH RESPECT TO THE PLEDGED COLLATERAL, INCLUDING THE RIGHT TO VOTE SUCH PLEDGED COLLATERAL, WITH FULL POWER OF SUBSTITUTION TO DO SO. IN ADDITION TO THE RIGHT TO VOTE
ANY SUCH PLEDGED COLLATERAL, THE APPOINTMENT OF THE AGENT AS PROXY AND ATTORNEY-IN-FACT SHALL INCLUDE THE RIGHT TO EXERCISE ALL OTHER RIGHTS, POWERS, PRIVILEGES AND REMEDIES TO WHICH A HOLDER OF SUCH PLEDGED COLLATERAL WOULD BE ENTITLED (INCLUDING
GIVING OR WITHHOLDING WRITTEN CONSENTS OF SHAREHOLDERS, CALLING SPECIAL MEETINGS OF SHAREHOLDERS AND VOTING AT SUCH MEETINGS). SUCH PROXY SHALL BE EFFECTIVE, AUTOMATICALLY AND WITHOUT THE NECESSITY OF ANY ACTION (INCLUDING ANY TRANSFER OF ANY SUCH
PLEDGED COLLATERAL ON THE RECORD BOOKS OF THE ISSUER THEREOF) BY ANY PERSON (INCLUDING THE ISSUER OF SUCH PLEDGED COLLATERAL OR ANY OFFICER OR AGENT THEREOF), ONLY UPON THE OCCURRENCE AND DURING THE CONTINUANCE OF AN EVENT OF DEFAULT AND UPON THREE
BUSINESS DAYS’ PRIOR WRITTEN NOTICE TO THE GRANTORS. 
 Section 6.04. NATURE OF APPOINTMENT; LIMITATION OF
DUTY. THE APPOINTMENT OF THE AGENT AS PROXY AND ATTORNEY-IN-FACT IN THIS ARTICLE 6 IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE UNTIL THE DATE ON WHICH THIS SECURITY AGREEMENT IS TERMINATED IN ACCORDANCE WITH SECTION 7.14.
NOTWITHSTANDING ANYTHING CONTAINED HEREIN, NEITHER THE AGENT, NOR ANY SECURED PARTY, NOR ANY OF THEIR RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR REPRESENTATIVES SHALL HAVE ANY DUTY TO EXERCISE ANY RIGHT OR POWER GRANTED
HEREUNDER OR OTHERWISE OR TO PRESERVE THE SAME AND SHALL NOT BE LIABLE FOR ANY FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO, EXCEPT TO THE EXTENT SUCH DAMAGES ARE ATTRIBUTABLE TO THEIR OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT AS FINALLY
DETERMINED BY A COURT OF COMPETENT JURISDICTION; PROVIDED THAT, IN NO EVENT SHALL THEY BE LIABLE FOR ANY PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES; PROVIDED, FURTHER, THAT THE FOREGOING EXCEPTION SHALL NOT BE
CONSTRUED TO OBLIGATE THE AGENT TO TAKE OR REFRAIN FROM TAKING ANY ACTION WITH RESPECT TO THE COLLATERAL. 
 ARTICLE 7

 GENERAL PROVISIONS 
 Section 7.01. Waivers. To the maximum extent permitted by applicable law, each Grantor hereby waives notice of the time and place of any judicial hearing in connection with the Agent’s
taking possession of the Collateral or of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made, including without limitation, any and all prior notice and hearing for any
prejudgment remedy or remedies. To the extent such notice may not be waived under applicable law, any notice made shall be deemed reasonable if sent to the Grantors, addressed as set forth in Article 8, at least ten days prior to (a) the
date of any such public sale or (b) the time after which any such private sale or other disposition may be made. To the maximum extent permitted by applicable law, each 

  
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Grantor waives all claims, damages, and demands against the Agent or any Secured Party arising out of the repossession, retention or sale of the Collateral, except such as arise out of the gross
negligence or willful misconduct of the Agent or such Secured Party as determined by a court of competent jurisdiction in a final and non-appealable judgment. To the extent it may lawfully do so, each Grantor absolutely and irrevocably waives and
relinquishes the benefit and advantage of, and covenants not to assert against the Agent or any Secured Party, any valuation, stay, appraisal, extension, moratorium, redemption or similar laws and any and all rights or defenses it may have as a
surety now or hereafter existing which, but for this provision, might be applicable to the sale of any Collateral made under the judgment, order or decree of any court, or privately under the power of sale conferred by this Security Agreement, or
otherwise. Except as otherwise specifically provided herein, each Grantor hereby waives presentment, demand, protest, any notice (to the maximum extent permitted by applicable law) of any kind or all other requirements as to the time, place and
terms of sale in connection with this Security Agreement or any Collateral. 
 Section 7.02. Limitation on Agent’s
and Secured Party’s Duty with Respect to the Collateral. The Agent shall have no obligation to clean-up or otherwise prepare the Collateral for sale. The Agent and each Secured Party shall use reasonable care with respect to the Collateral
in its possession; provided that the Agent shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its possession if such Collateral is accorded treatment substantially equal to which it accords its own
property. Neither the Agent nor any Secured Party shall have any other duty as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Agent or such Secured Party, or any income thereon or as to
the preservation of rights against prior parties or any other rights pertaining thereto. To the extent that applicable law imposes duties on the Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees
that it would be commercially reasonable for the Agent (a) to fail to incur expenses deemed significant by the Agent to prepare Collateral for disposition or otherwise to transform raw material or work in process into finished goods or other
finished products for disposition, (b) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection
or disposition of Collateral to be collected or disposed of, (c) to fail to exercise collection remedies against Account Debtors or other Persons obligated on Collateral or to remove Liens on or any adverse claims against Collateral,
(d) to exercise collection remedies against Account Debtors and other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (e) to advertise dispositions of Collateral through
publications or media of general circulation, whether or not the Collateral is of a specialized nature, (f) to contact other Persons, whether or not in the same business as the Grantor, for expressions of interest in acquiring all or any
portion of such Collateral, (g) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature, (h) to dispose of Collateral by utilizing internet sites
that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than retail markets,
(j) to disclaim disposition warranties, such as title, possession or quiet enjoyment, (k) to purchase insurance or credit enhancements to insure the Agent against risks of loss, collection or disposition of Collateral or to provide to the
Agent a guaranteed return from the collection or disposition of Collateral, or (l) to the extent deemed appropriate by the Agent, to 

  
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obtain the services of other brokers, investment bankers, consultants and other professionals to assist the Agent in the collection or disposition of any of the Collateral. Each Grantor
acknowledges that the purpose of this Section 7.02 is to provide non-exhaustive indications of what actions or omissions by the Agent would be commercially reasonable in the Agent’s exercise of remedies against the Collateral and
that other actions or omissions by the Agent shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 7.02. Without limitation upon the foregoing, nothing contained in this
Section 7.02 shall be construed to grant any rights to any Grantor or to impose any duties on the Agent that would not have been granted or imposed by this Security Agreement or by applicable law in the absence of this
Section 7.02. 
 Section 7.03. Compromises and Collection of Collateral. Each Grantor and the Agent
recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Receivables, that certain of the Receivables may be or become uncollectible in whole or in part and that the expense and
probability of success in litigating a disputed Receivable may exceed the amount that reasonably may be expected to be recovered with respect to a Receivable. In view of the foregoing, each Grantor agrees that the Agent may at any time and from time
to time, if an Event of Default has occurred and is continuing, compromise with the obligor on any Receivable, accept in full payment of any Receivable such amount as the Agent in its sole discretion shall determine or abandon any Receivable, and
any such action by the Agent shall be commercially reasonable so long as the Agent acts in good faith based on information known to it at the time it takes any such action. 
 Section 7.04. Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Agent may, during the continuance of an Event of Default, perform or pay any
obligation which any Grantor has agreed to perform or pay under this Security Agreement and the Grantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.04. Each Grantor’s obligation to
reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand. 
 Section 7.05.
[Reserved.] 
 Section 7.06. [Reserved.] 

Section 7.07. No Waiver; Amendments; Cumulative Remedies. No delay or omission of the Agent or any Secured Party to exercise
any right or remedy granted under this Security Agreement shall impair such right or remedy or be construed to be a waiver of any Default or an acquiescence therein, and any single or partial exercise of any such right or remedy shall not preclude
any other or further exercise thereof or the exercise of any other right or remedy. No waiver, amendment or other variation of the terms, conditions or provisions of this Security Agreement whatsoever shall be valid unless in writing signed by the
Grantors and the Agent with the concurrence or at the direction of the Term Loan Lenders required under Section 9.02 of the Term Loan Credit Agreement and then only to the extent in such writing specifically set forth. All rights and remedies
contained in this Security Agreement or by law afforded shall be cumulative and all shall be available to the Agent and the Secured Parties until the Termination Date. 

  
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 Section 7.08. Limitation by Law; Severability of Provisions. All rights,
remedies and powers provided in this Security Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Security Agreement are intended to be subject to
all applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they shall not render this Security Agreement invalid, unenforceable or not entitled to be recorded or registered, in whole or in
part. To the extent permitted by law, any provision of this Security Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of the remaining provisions of this Security Agreement; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any
other jurisdiction. 
 Section 7.09. Security Interest Absolute. All rights of the Agent hereunder, the security
interests granted hereunder and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Term Loan Credit Agreement, any other Loan Document, any agreement
with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or
any other amendment or waiver of or any consent to any departure from the Term Loan Credit Agreement, any other Loan Document or any other agreement or instrument relating to the foregoing, (c) any exchange, release or nonperfection of any Lien
on any Collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Secured Obligations, (d) any bankruptcy, insolvency, reorganization, arrangement,
readjustment, composition, liquidation or the like of any Grantor, (e) any exercise or non-exercise, or any waiver of, any right, remedy, power or privilege under or in respect of this Security Agreement or any other Loan Agreement or
(f) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Secured Obligations or this Security Agreement. 

Section 7.10. Benefit of Security Agreement. The terms and provisions of this Security Agreement shall be binding upon and
inure to the benefit of each Grantor, the Agent and the Secured Parties and their respective successors and permitted assigns (including all Persons who become bound as a debtor to this Security Agreement), except that no Grantor shall have the
right to assign its rights or delegate its obligations under this Security Agreement or any interest herein, without the prior written consent of the Agent. No sales of participations, assignments, transfers, or other dispositions of any agreement
governing the Secured Obligations or any portion thereof or interest therein shall in any manner impair the Lien granted to the Agent, for the benefit of the Agent and the Secured Parties, hereunder. 

Section 7.11. Survival of Representations. All representations and warranties of each Grantor contained in this Security
Agreement shall survive the execution and delivery of this Security Agreement. 
 Section 7.12. Additional
Subsidiaries. Pursuant to and in accordance with Section 5.12 of the Term Loan Credit Agreement, each Domestic Subsidiary (other than an Excluded Subsidiary) of the Company that was not in existence or not a Subsidiary on the date of the
Term 

  
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Loan Credit Agreement or that ceases to be an Excluded Subsidiary is required to enter in this Security Agreement as a Subsidiary Party upon becoming a Subsidiary or ceasing to be an Excluded
Subsidiary, in each case, within the time periods specified in Sections 5.12(a) and (e) of the Term Loan Credit Agreement. Upon execution and delivery by the Agent and such Subsidiary of an instrument in the form of Exhibit F hereto,
such Subsidiary shall become a Subsidiary Party hereunder with the same force and effect as if originally named as a Subsidiary Party herein. The execution and delivery of any such instrument shall not require the consent of any other Loan Party
hereunder. The rights and obligations of each Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Loan Party as a party to this Security Agreement. 

Section 7.13. Headings. The title of and section headings in this Security Agreement are for convenience of reference only,
and shall not govern the interpretation of any of the terms and provisions of this Security Agreement. 
 Section 7.14.
Termination or Release. (a) This Security Agreement shall continue in effect until the Termination Date. 
 (b) A Subsidiary Party shall automatically be released from its obligations hereunder and the security interests created hereunder in the Collateral of such Subsidiary Party shall be automatically
released upon the consummation of any transaction permitted pursuant to the Term Loan Credit Agreement as a result of which such Subsidiary Party ceases to be a Subsidiary (or becomes an Excluded Subsidiary of the type described in clause
(b) of the definition thereof). 
 (c) Upon (i) any sale or other transfer permitted under the Loan
Documents by any Grantor of any Collateral to any Person that is not another Grantor, (ii) the effectiveness of any written consent to the release of the security interest granted hereby in any Collateral pursuant to Section 9.02 of the
Term Loan Credit Agreement, (iii) the occurrence of any event that causes any part of the Collateral to cease to constitute Collateral or (iv) the release of the Grantor owning such Collateral in accordance with clause
(b) above, the security interest in such Collateral shall be automatically released. 
 (d) In
connection with any termination or release pursuant to paragraph (a), (b) or (c) above, the Agent shall promptly execute and deliver to any Grantor, at such Grantor’s expense, all UCC termination statements and similar
documents that such Grantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.14 shall be without recourse to or representation or warranty by the Agent
or any Secured Party. The Company shall reimburse the Agent for all costs expenses, including the fees, charges and expenses of counsel, incurred by it in connection with any action contemplated by this Section 7.14 pursuant to
Section 9.03(a) of the Term Loan Credit Agreement. 
 (e) At any time that a Grantor desires that the Agent
take any action to acknowledge or give effect to any release of Collateral pursuant to the foregoing Sections 7.14(a), (b), (c) or (d), such Grantor shall deliver to the Agent a certificate signed by a Responsible
Officer of such Grantor stating that the release of the respective Collateral is 

  
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permitted pursuant to such Sections 7.14(a), (b), (c) or (d) and the terms of the Term Loan Credit Agreement. At any time that the Borrowers or the
respective Grantors desire that a Subsidiary of the Borrowers be released hereunder, it shall deliver to the Agent a certificate signed by a Responsible Officer of the Borrower and the respective Grantor stating that the release of the respective
Grantor (and its Collateral) is permitted pursuant to such Sections 7.14(a), (b), (c) or (d) and the terms of the Term Loan Credit Agreement. 

(f) Agent shall have no liability whatsoever to any other Secured Party as the result of any release of Collateral by it
in accordance with (or which the Agent in good faith believes to be in accordance with) this Section 7.14. 

Section 7.15. Entire Agreement. This Security Agreement, together with the other Loan Documents, embodies the entire
agreement and understanding between each Grantor and the Agent relating to the Collateral and supersedes all prior agreements and understandings between any Grantor and the Agent relating to the Collateral. 

Section 7.16. CHOICE OF LAW. THIS SECURITY AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING
UNDER OR RELATED TO THIS SECURITY AGREEMENT, WHETHER IN TORT, CONTRACT (AT LAW OR IN EQUITY) OR OTHERWISE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS
PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY OTHER LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

Section 7.17. CONSENT TO JURISDICTION; CONSENT TO SERVICE OF PROCESS. 

(a) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE
JURISDICTION OF ANY U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK (OR ANY APPELLATE COURT THEREFROM) OVER ANY SUIT, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY
AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS, CONTROVERSIES OR DISPUTES IN RESPECT OF ANY SUCH ACTION OR PROCEEDING SHALL (EXCEPT AS
PERMITTED BELOW) BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENTS BY REGISTERED MAIL ADDRESSED TO
SUCH PERSON SHALL BE EFFECTIVE SERVICE OF PROCESS AGAINST SUCH PERSON FOR ANY SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY
BE ENFORCED IN OTHER JURISDICTIONS BY 

  
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SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, ANY
OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OR ANY CLAIM THAT ANY SUIT, ACTION OR PROCEEDING HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
LAW, ANY CLAIM OR DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. EACH PARTY HERETO AGREES THAT THE AGENT AND LENDERS RETAIN THE RIGHT TO BRING PROCEEDINGS AGAINST ANY GRANTOR IN THE COURTS OF ANY
OTHER JURISDICTION SOLELY IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER THIS AGREEMENT. 
 (b) TO THE
EXTENT PERMITTED BY LAW, EACH PARTY TO THIS SECURITY AGREEMENT HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY REGISTERED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF
MAIL) DIRECTED TO IT AT ITS ADDRESS FOR NOTICES AS PROVIDED FOR IN SECTION 9.01 OF THE TERM LOAN CREDIT AGREEMENT. EACH LOAN PARTY HEREBY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM
IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER THAT SERVICE OF PROCESS WAS INVALID AND INEFFECTIVE. NOTHING IN THIS SECURITY AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS SECURITY AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
LAW. 
 Section 7.18. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION, LEGAL PROCEEDING OR COUNTERCLAIM DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT,
IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS SECURITY AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN
THIS SECTION. 
 Section 7.19. Indemnity. Each Grantor hereby agrees to indemnify the Agent and the Secured Parties,
and their respective successors, permitted assigns, agents and employees, as set forth in Section 9.03 of the Term Loan Credit Agreement. 

  
 30 

 Section 7.20. Counterparts. This Security Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of
this Security Agreement by facsimile or by email as a “.pdf” or “.tif” attachment shall be effective as delivery of a manually executed counterpart of this Security Agreement. 

Section 7.21. INTERCREDITOR AGREEMENT GOVERNS. NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIENS AND SECURITY
INTERESTS GRANTED TO THE AGENT, FOR THE BENEFIT OF THE SECURED PARTIES, PURSUANT TO THIS SECURITY AGREEMENT AND THE EXERCISE OF ANY RIGHT OR REMEDY BY THE AGENT AND THE OTHER SECURED PARTIES WITH RESPECT TO ANY REVOLVING FACILITY FIRST LIEN
COLLATERAL (AS DEFINED IN THE INTERCREDITOR AGREEMENT) HEREUNDER ARE SUBJECT TO THE PROVISIONS OF THE INTERCREDITOR AGREEMENT. IN THE EVENT OF ANY CONFLICT BETWEEN THE PROVISIONS OF THE INTERCREDITOR AGREEMENT AND THIS SECURITY AGREEMENT, THE
PROVISIONS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL. 
 Section 7.22. Delivery of Collateral. Prior
to the Discharge of the Revolving Facility Obligations, to the extent any Grantor is required hereunder to deliver Collateral to the Agent for purposes of possession and control and is unable to do so as a result of having previously delivered such
Collateral to the Revolving Facility Agent in accordance with the terms of the Revolving Facility Security Documents, such Grantor’s obligations hereunder with respect to such delivery shall be deemed satisfied by the delivery to the Revolving
Facility Agent, acting as a gratuitous bailee of the Agent. Notwithstanding anything to the contrary contained above in this Article 7, or elsewhere in this Security Agreement or any other Term Loan Security Document, to the extent the provisions of
this Security Agreement (or any other Term Loan Security Documents) require the delivery of, or control over, Revolving Facility First Lien Collateral to be granted to the Agent at any time prior to the Discharge of Revolving Facility Obligations,
then delivery of such Revolving Facility First Lien Collateral (or control with respect thereto) shall instead be made to the Revolving Facility Agent, to be held in accordance with the Revolving Facility Security Documents and the Intercreditor
Agreement. Furthermore, at all times prior to the Discharge of the Revolving Facility Obligations, the Agent is authorized by the parties hereto to effect transfers of such Collateral at any time in its possession (and any “control” or
similar agreements with respect to such Collateral) to the Revolving Facility Agent. 
 Section 7.23. Mortgages. In
the case of a conflict between this Security Agreement and any Mortgages with respect to Material Real Estate Asset that is also subject to a valid and enforceable Lien under the terms of the Mortgage (including Fixtures), the Mortgages shall
govern. In all other conflicts between this Security Agreement and the Mortgages, this Security Agreement shall govern. 

Section 7.24. Successors and Assigns. Whenever in this Security Agreement any of the parties hereto is referred to, such
reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor or the Agent that are contained in this Security Agreement shall bind and inure to the
benefit of their respective permitted successors and assigns. Except in a transaction expressly permitted under the Term Loan Credit Agreement, no Grantor may assign any of its rights or obligations hereunder without the written consent of the
Agent. 

  
 31 

 Section 7.25. Survival of Agreement. Without limitation of any provision of the
Term Loan Credit Agreement or Section 7.19 hereof, all covenants, agreements, indemnities, representations and warranties made by the Grantors in the Loan Documents and in the certificates or other instruments delivered in connection
with or pursuant to this Security Agreement or any other Loan Document shall be considered to have been relied upon by the Term Loan Lenders and shall survive the execution and delivery of the Loan Documents and the making of any Loans, regardless
of any investigation made by any such Term Loan Lender or on its behalf and notwithstanding that the Agent or any Term Loan Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the
time any credit is extended under the Term Loan Credit Agreement, and shall continue in full force and effect until the Termination Date, or with respect to any individual Grantor until such Grantor is otherwise released from its obligations under
this Security Agreement in accordance with the terms hereof. 
 ARTICLE 8 

NOTICES 
 Section 8.01. Sending Notices. Any notice required or permitted to be given under this Security Agreement shall be delivered in accordance with Section 9.01 of the Term Loan Credit
Agreement (it being understood and agreed that references in such Section to “herein”, “hereunder” and other similar terms shall be deemed to be references to this Security Agreement). 

Section 8.02. Change in Address for Notices. Each of the Grantors, the Agent and the Term Loan Lenders may change the address
or facsimile number for service of notice upon it by a notice in writing to the other parties. 
 ARTICLE 9 

THE AGENT 
 DBTCA has been appointed Agent for the Term Loan Lenders hereunder pursuant to Article 8 of the Term Loan Credit Agreement. It is expressly understood and agreed by the parties to this Security Agreement
that any authority conferred upon the Agent hereunder is subject to the terms of the delegation of authority made by the Term Loan Lenders to the Agent pursuant to the Term Loan Credit Agreement, and that the Agent has agreed to act (and any
successor Agent shall act) as such hereunder only on the express conditions contained in such Article 8. Any successor Agent appointed pursuant to Article 8 of the Term Loan Credit Agreement shall be entitled to all the rights, interests and
benefits of the Agent hereunder. 
 By accepting the benefits of this Security Agreement and each other Loan Document, the
Secured Parties expressly acknowledge and agree that this Security Agreement and each other Loan Document may be enforced only by the action of the Agent and that no other Secured Party shall have any right individually to seek to enforce or to
enforce this Security Agreement or to 

  
 32 

 
realize upon the security to be granted hereby, it being understood and agreed that such rights and remedies may be exercised by the Agent for the benefit of the Secured Parties upon the terms of
this Security Agreement and the other Loan Documents. 
 [Signature Page Follows] 

  
 33 

 IN WITNESS WHEREOF, each Grantor and the Agent have executed this Security Agreement as of
the date first above written. 
  

			
	 PC INTERMEDIATE HOLDINGS, INC.
 PC MERGER SUB, INC.
 PC FINANCE SUB, INC.

		
	By: 	 	/s/ Todd M. Abbrecht
	Name:	 	Todd M. Abbrecht
	Title:	 	President

  

			
	 PARTY CITY HOLDINGS INC.
 PARTY CITY CORPORATION
 ANAGRAM EDEN PRAIRIE PROPERTY HOLDINGS LLC

ANAGRAM INTERNATIONAL, INC.
 ANAGRAM
INTERNATIONAL HOLDINGS, INC.
 AM-SOURCE, LLC
 AMSCAN HOLDINGS, INC.
 AMSCAN INC.
 FACTORY CARD & PARTY OUTLET CORP.
 FACTORY CARD OUTLET OF AMERICA LTD.

GAGS AND GAMES, INC.
 M&D INDUSTRIES,
INC.
 PA ACQUISITION CORP.
 PARTY
AMERICA FRANCHISING, INC.
 SSY REALTY CORP.

		
	By: 	 	/s/ Michael A. Correale
	Name:	 	Michael A. Correale
	Title:	 	Vice President

  

			
	 JCS PACKAGING, INC.

TRISAR, INC.

		
	By: 	 	/s/ Michael A. Correale
	Name:	 	Michael A. Correale
	Title:	 	Assistant Treasurer

  

Signature Page – Term Loan Security Agreement 

 
			
	 DEUTSCHE BANK TRUST COMPANY
 AMERICAS, as Agent

		
	By: 	 	/s/ Dusan Lazarov
	Name:	 	Dusan Lazarov
	Title:	 	Director
		
	By: 	 	/s/ Courtney E. Meehan
	Name:	 	Courtney E. Meehan
	Title:	 	Vice President

  

Signature Page – Term Loan Security Agreement 

 EXHIBIT A 
 Term Loan Perfection Certificate 
 July 27, 2012 

Reference is hereby made to (i) that certain Pledge and Security Agreement dated as of July 27, 2012 (the “Security
Agreement”), among PC Merger Sub, Inc., a Delaware corporation (“Merger Sub”), to be merged with and into Party City Holdings Inc., a Delaware corporation (the “Company”), PC Finance Sub, Inc., a Delaware
corporation (“Finance Sub”), to be merged with and into Party City Corporation, a Delaware corporation (“Party City” and together with the Company, the “Borrowers”), PC Intermediate Holdings, Inc.,
a Delaware corporation (“Holdings”), the Subsidiaries of the Borrowers from time to time party thereto and Deutsche Bank Trust Company Americas (“DBTCA”), as collateral agent for the Secured Parties (in such latter
capacity, the “Agent”) and (ii) that certain Credit Agreement dated as of July 27, 2012 (the “Term Loan Agreement”), among, inter alia, the Borrowers, Holdings, the Subsidiaries of the Borrowers
from time to time party thereto, the Lenders party thereto and DBTCA, as administrative and collateral agent for the Lenders. Capitalized terms used but not defined herein have the meanings assigned to such terms in the Security Agreement.

 As used herein, the term “Companies” means Holdings, the Borrowers and each of the Subsidiary Parties.

 As of the date hereof, the undersigned hereby certify to the Agent as follows: 

1. Names. (a) The exact legal name of each Company, as such name appears in its respective Organizational Documents filed
with the Secretary of State of such Company’s jurisdiction of organization is set forth in Schedule 1(a). Each Company is the type of entity disclosed next to its name in Schedule 1(a). Also set forth in
Schedule 1(a) is the organizational identification number, if any, of each Company, the Federal Taxpayer Identification Number of each Company and the jurisdiction of organization of each Company. 

(b) Set forth in Schedule 1(b) hereto is any other legal name that each Company has had in the past four months, together
with the date of the relevant change. 
 (c) Set forth in Schedule 1(c) is a list of each trade name or assumed
name, if any, used by each Company during the past four months. 
 (d) Set forth in Schedule 1(d) is a list of the
information required by Section 1(a) of this certificate for any other business or organization (i) to which each Company became the successor by merger, consolidation or acquisition or (ii) that has been liquidated into, or
transferred all or substantially all of its assets to, any Company, at any time within the past four months preceding the date hereof. Except as set forth in Schedule 1(e), no Company has changed its jurisdiction of organization or
form of entity at any time during the past four months. 

  
 A-1

 2. Locations. (a) The chief executive office of each Company is currently
located at the addresses set forth in Schedule 2(a) hereto. 
 (b) Set forth in Schedule 2(b) are
all locations where each Company maintains any books or records relating to any Collateral. 
 (c) Set forth in Schedule
2(c) hereto are all other locations where each Company currently maintains any material Collateral consisting of Inventory or Equipment (other than property in possession of a third party (e.g. warehouseman or other bailee) or Collateral in
transit). 
 (d) Set forth in Schedule 2(d) hereto are locations where each Company currently maintains any
material Collateral consisting of Inventory or Equipment (other than Collateral in transit) which is held in a public warehouse or is otherwise held by a bailee or on consignment and the names and addresses of all Persons other than each Company,
such as lessees, consignees or warehousemen which have possession of any such material Collateral. 
 3. Stock Ownership and
Other Equity Interests. Attached hereto as Schedule 3 is a true and correct list of each of all of the issued and outstanding stock, partnership interests, limited liability company membership interests or other equity interests of
each Company and its Subsidiaries constituting Pledged Stock (as defined in the Security Agreement), the beneficial owners of such stock, partnership interests, membership interests or other equity interests and the percentage of the total issued
and outstanding stock, partnership interests, membership interests or other equity interests represented thereby. 
 4.
Instruments and Tangible Chattel Paper. Attached hereto as Schedule 4 is a true and correct list of all promissory notes, Instruments (other than checks to be deposited in the ordinary course of business) and Tangible Chattel
Paper, in each case exceeding $1,500,000, held by each Company as of the date hereof, including all intercompany notes between or among any two or more Companies including the names of the obligors, amounts owing, due dates, and other material
information. 
 5. Intellectual Property. Attached hereto as Schedule 5(a) is a schedule setting forth all
of each Company’s material Patents, Patent Licenses, Trademarks and Trademark Licenses registered with the United States Patent and Trademark Office, including the name of the registered owner and the registration number of each such Patent,
Patent License, Trademark and Trademark License. Attached hereto as Schedule 5(b) is a schedule setting forth all of each Company’s material registered United States Copyrights and Copyright Licenses (each as defined in the
Security Agreement), including the name of the registered owner and the registration number of each such Copyright or Copyright License. 

  
 A-2

 6. Commercial Tort Claims. Attached hereto as Schedule 6 is a true and
correct list of all Commercial Tort Claims, with a value exceeding $1,500,000, held by each Company, including a brief description thereof. 
 7. Blocked Accounts. Attached hereto as Schedule 7 is a true and complete list of all Blocked Accounts maintained by each Company, including the name of the Company maintaining such
account, the name of the financial institution at which such account is maintained and the account number of such account. 
 8.
Letter-of-Credit Rights. Attached hereto as Schedule 8 is a true and correct list of all Letters-of-Credit Rights with a value exceeding $1,500,000 issued in favor of each Company, as beneficiary thereunder. 

[SIGNATURE PAGE FOLLOWS] 

  
 A-3

 IN WITNESS WHEREOF, we have hereunto signed this Perfection Certificate as of the
date first written of above. 
  

			
	 PC INTERMEDIATE HOLDINGS, INC.
 PC MERGER SUB, INC.
 PC FINANCE SUB, INC.

		
	By:	 	 
	Name:	 	Todd M. Abbrecht
	 Title:
	 	President
	
	 PARTY CITY HOLDINGS INC.
PARTY CITY CORPORATION

 ANAGRAM EDEN PRAIRIE PROPERTY HOLDINGS LLC
ANAGRAM INTERNATIONAL, INC.

 ANAGRAM
INTERNATIONAL HOLDINGS, INC.
AM-SOURCE, LLC

 AMSCAN HOLDINGS, INC.
AMSCAN INC.

FACTORY CARD & PARTY OUTLET CORP.
FACTORY CARD OUTLET OF AMERICA LTD.
GAGS AND GAMES, INC.

M&D INDUSTRIES, INC.
PA ACQUISITION CORP.

PARTY AMERICA FRANCHISING, INC.
SSY REALTY CORP.

		
	By:	 	 
	Name:	 	Michael A. Correale
	Title:	 	Vice President
	
	 JCS PACKAGING, INC.

TRISAR, INC.

		
	By:	 	 
	 Name:
	 	Michael A. Correale
	 Title:
	 	Assistant Treasurer

  
 A-4

 EXHIBIT B 
 Term Loan Perfection Certificate Supplement 
 [Insert date]

 Reference is hereby made to (i) that certain Pledge and Security Agreement dated as of July 27, 2012 (as
amended, restated, amended and restated or otherwise modified, the “Security Agreement”), among Party City Holdings Inc., a Delaware corporation (the “Company”), Party City Corporation, a Delaware corporation
(“Party City” and together with the Company, the “Borrowers”), PC Intermediate Holdings, Inc., a Delaware corporation (“Holdings”), the Subsidiaries of the Borrowers from time to time party thereto
and Deutsche Bank Trust Company Americas (“DBTCA”), as collateral agent for the Secured Parties (in such latter capacity, the “Agent”), (ii) that certain Term Loan Credit Agreement dated as of July 27,
2012 (as amended, restated, amended and restated or otherwise modified, the “Term Loan Agreement”), among, inter alia, the Borrowers, Holdings, the Subsidiaries of the Borrowers from time to time party thereto, the Lenders
party thereto and DBTCA, as administrative and collateral agent for the Lenders and (iii) the Perfection Certificate, dated as of July 27, 2012 (as supplemented by any perfection certificate supplements delivered prior to the date hereof,
the “Prior Perfection Certificate”), executed by the Loan Parties and delivered to the Agent. Capitalized terms used but not defined herein have the meanings assigned to such terms in the Security Agreement. 

As used herein, the term “Companies” means Holdings, the Borrowers and each of the Subsidiary Parties. 

As of the date hereof, the undersigned hereby certify to the Agent as follows: 

1. Names. Except as listed on Schedule 1(a) hereto, Schedule 1(a) of the Prior Perfection Certificate sets forth,
with respect to each Company, (a) the exact legal name of each Company, as such name appears in its respective Organizational Documents filed with the Secretary of State of such Company’s jurisdiction of organization, the type of entity of
such Company, the organizational identification number, if any, of each Company, and the Federal Taxpayer Identification Number of each Company and the jurisdiction of organization of each Company. 

(b) Except as listed on Schedule 1(b) hereto, Schedule 1(b) of the Prior Perfection Certificate sets forth any other legal
name that each Company has had in the past four months, together with the date of the relevant change. 
 (c) Except as listed
on Schedule 1(c) hereto, Schedule 1(c) of the Prior Perfection Certificate lists each trade name or assumed name, if any, used by each Company during the past four months. 

  
 B-1

 (d) Except as listed on Schedule 1(d) hereto, Schedule 1(d) of the Prior
Perfection Certificate lists the information required by Section 1(a) of this certificate for any other business or organization (i) to which each Company became the successor by merger, consolidation or acquisition or
(ii) that has been liquidated into, or transferred all or substantially all of its assets to, any Company, at any time within the past four months. Except as set forth in Schedule 1(e) hereto, no Company has changed its
jurisdiction of organization or form of entity at any time during the past four months except as listed in Schedule 1(e) of the Prior Perfection Certificate. 
 2. Locations. (a) Except as updated on Schedule 2(a) hereto, the chief executive office of each Company is currently located at the address set forth in Schedule 2(a) of the
Prior Perfection Certificate. 
 (b) Except as updated on Schedule 2(b) hereto, Schedule 2(b) of the Prior
Perfection Certificate sets forth all locations where each Company maintains any books or records relating to any Collateral. 

(c) Except as updated on Schedule 2(c) hereto, Schedule 2(c) of the Prior Perfection Certificate sets forth all other
locations where each Company currently maintains any material Collateral consisting of Inventory or Equipment (other property in possession of a third party (e.g. warehouseman or other bailee) or Collateral in transit. 

(d) Except as updated on Schedule 2(d) hereto, Schedule 2(d) of the Prior Perfection Certificate sets forth the locations
where each Company currently maintains any material Collateral consisting of Inventory or Equipment (other than Collateral in transit) which is held in a public warehouse or is otherwise held by a bailee or on consignments and the names and
addresses of all Persons other than each Company, such as lessees, consignees or warehousemen which have possession of any material such Collateral. 
 3. Stock Ownership and Other Equity Interests. Except as updated on Schedule 3 hereto, Schedule 3 of the Prior Perfection Certificate sets forth a true and correct list of each of all
of the issued and outstanding stock, partnership interests, limited liability company membership interests or other equity interests of each Company and its Subsidiaries constituting Pledged Stock, the beneficial owners of such stock, partnership
interests, membership interests or other equity interests and the percentage of the total issued and outstanding stock, partnership interests, membership interests or other equity interests represented thereby. 

4. Instruments and Tangible Chattel Paper. Except as updated on Schedule 4 hereto, Schedule 4 of the Prior
Perfection Certificate sets forth a true and correct list of all promissory notes, Instruments (other than checks to be deposited in the ordinary course of business) and Tangible Chattel Paper, in each case exceeding $1,500,000, held by each Company
as of the date hereof, including all intercompany notes between or among any two or more Companies including the names of the obligors, amounts owing, due dates and other material information. 

  
 B-2

 5. Intellectual Property. Except as updated on Schedule 5(a) hereto,
Schedule 5(a) of the Prior Perfection Certificate sets forth all of each Company’s material Patents, Patent Licenses, Trademarks and Trademark Licenses registered with the United States Patent and Trademark Office, including the name of the
registered owner and the registration number of each such Patent, Patent License, Trademark and Trademark License. Except as updated on Schedule 5(b) hereto, Schedule 5(b) of the Prior Perfection Certificate sets forth all of each
Company’s material registered United States Copyrights and Copyright Licenses (each as defined in the Security Agreement), including the name of the registered owner and the registration number of each such Copyright or Copyright License.

 6. Commercial Tort Claims. Except as updated on Schedule 6 hereto, Schedule 6 of the Prior Perfection
Certificate sets forth a true and correct list of all Commercial Tort Claims, with a value exceeding $1,500,000, held by each Company, including a brief description thereof. 
 7. Blocked Accounts. Attached hereto as Schedule 7 is a true and complete list of all Blocked Accounts maintained by each Company, including the name of the Company maintaining such
account, the name of the financial institution at which such account is maintained and the account number of such account. 
 8.
Letter-of-Credit Rights. Except as updated on Schedule 8 hereto, Schedule 8 of the Prior Perfection Certificate sets forth a true and correct list of all Letter-of-Credit Rights with a value exceeding $1,500,000 issued in favor
of each Company, as beneficiary thereunder. 
 [SIGNATURE PAGE FOLLOWS] 

  
 B-3

 IN WITNESS WHEREOF, we have hereunto signed this Perfection Certificate Supplement as
of the date first written of above. 
  

			
	PC INTERMEDIATE HOLDINGS, INC.
		
	By:	 	 
	Name:	 	Todd M. Abbrecht
	Title:	 	President
	
	 PARTY CITY HOLDINGS INC.
PARTY CITY CORPORATION

 ANAGRAM EDEN PRAIRIE PROPERTY HOLDINGS LLC
ANAGRAM INTERNATIONAL, INC.

 ANAGRAM
INTERNATIONAL HOLDINGS, INC.
AM-SOURCE, LLC

 AMSCAN HOLDINGS, INC.
AMSCAN INC.

FACTORY CARD & PARTY OUTLET CORP.
FACTORY CARD OUTLET OF AMERICA LTD.
GAGS AND GAMES, INC.

M&D INDUSTRIES, INC.
PA ACQUISITION CORP.

 PARTY AMERICA FRANCHISING, INC.
SSY REALTY CORP.

		
	By:	 	 
	 Name:
	 	Michael A. Correale
	 Title:
	 	Vice President
	
	 JCS PACKAGING, INC.

TRISAR, INC.

		
	By:	 	 
	 Name:
	 	Michael A. Correale
	 Title:
	 	Assistant Treasurer

  
 B-4

 EXHIBIT C 
 Subsidiary Parties 
  

							
	 Ref
	  	 Entity
	  	 Jurisdiction
	  	 Type

	1.	  	Anagram Eden Prairie Property Holdings LLC	  	Delaware	  	LLC
	2.	  	Anagram International, Inc.	  	Minnesota	  	corporation
	3.	  	Anagram International, LLC	  	Nevada	  	LLC
	4.	  	Anagram International Holdings, Inc.	  	Minnesota	  	corporation
	5.	  	Am-Source, LLC	  	Rhode Island	  	LLC
	6.	  	Amscan Holdings, Inc.	  	Delaware	  	corporation
	7.	  	Amscan Inc.	  	New York	  	corporation
	8.	  	Factory Card & Party Outlet Corp.	  	Delaware	  	corporation
	9.	  	Factory Card Outlet of America Ltd.	  	Illinois	  	corporation
	10.	  	Gags and Games, Inc.	  	Michigan	  	corporation
	11.	  	JCS Packaging, Inc.	  	New York	  	corporation
	12.	  	M&D Industries, Inc.	  	Delaware	  	corporation
	13.	  	PA Acquisition Corp.	  	Delaware	  	corporation
	14.	  	Party America Franchising, Inc.	  	Minnesota	  	corporation
	15.	  	SSY Realty Corp.	  	New York	  	corporation
	16.	  	Trisar, Inc.	  	California	  	corporation

  
 C-1

 EXHIBIT D 
 FORM OF 
 LANDLORD AGREEMENT 

Deutsche Bank Trust Company Americas (“DBTCA”), in its capacity as administrative agent and collateral agent pursuant to
the Revolving Facility Credit Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders (in such capacity, together with its successors and assigns, “Revolving Facility Agent”) and the parties
from time to time to the Revolving Facility Credit Agreement as lenders (collectively, together with their respective successors and assigns, “Revolving Facility Lenders”) and DBTCA, in its capacity as administrative and collateral
agent pursuant to the Term Loan Credit Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders (in such capacity, together with its successors and assigns, “Term Loan Agent” and, together with
Revolving Facility Agent, collectively, “Agents” and, individually, each an “Agent”) and the parties from time to time to the Term Loan Credit Agreement as lenders (collectively, together with their respective
successors and assigns, the “Term Loan Lenders” and together with Revolving Facility Lenders individually each a “Lender” and, collectively, “Lenders”) have entered or are about to enter into
financing arrangements with
[                                         
   ] (“Debtor”) pursuant to which each Agent has been or may be granted a security interest in any or all of Debtor’s or its affiliates’ personal property, including, but not limited to,
“inventory” and “equipment” (as such terms are defined in Article 9 of the Uniform Commercial Code as in effect from time to time in the state in which the Premises are located, hereinafter “Personal
Property”). For purposes of this Agreement, the term “Personal Property” does not include plumbing and electrical fixtures, heating, ventilation and air conditioning, wall and floor coverings, walls or ceilings and other
fixtures not constituting trade fixtures. Some of the Personal Property has or may from time to time become affixed to or be located on, wholly or in part, the real property leased by Debtor or its affiliates located at [insert Street Address,
City, State ZIP Code] (the “Premises”). The undersigned is the owner or lessor of the Premises which is leased to Debtor pursuant to the terms of the [Lease Agreement], dated as of
                                 (together with all amendments thereto, the
“Lease”). 
 For purposes of this Letter Agreement, the term “Revolving Facility Credit
Agreement” as used herein shall mean the ABL Credit Agreement, dated as of July 27, 2012, by and among Debtor, certain of its affiliates, Revolving Facility Agent, Bank of America, N.A. in its capacity as co-ABL collateral agent and
Revolving Facility Lenders, and the term “Term Loan Credit Agreement” as used herein shall mean the Term Loan Credit Agreement, dated as of July 27, 2012, by and among Debtor, certain of its affiliates, Term Loan Agent and Term
Loan Lenders, in each case, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. The term “Lender Representative” as used herein shall mean Revolving Facility Agent
until such time as Revolving Facility Agent notifies the undersigned in writing (at the undersigned’s address below) that the Lender Representative shall be Term Loan Agent, and on and after delivery of such notice to the undersigned, the term
“Lender Representative” shall mean Term Loan Agent. 

  
 D-1

 In order for Agents and Lenders to consider making loans or providing other financial
accommodations to Debtor or its affiliates in reliance upon the Personal Property as collateral, the undersigned agrees as follows: 
 1. The undersigned waives and relinquishes any landlord’s lien, rights of levy or distraint, claim, security interest or other interest the undersigned may now or hereafter have in or with respect to
any of the Personal Property, whether for rent or otherwise. 
 2. The Personal Property may be installed in or located on the
Premises and is not and shall not be deemed a fixture or part of the real property but shall at all times be considered personal property. 
 3. Agents (and/or their designee), at their option, may enter and use the Premises for the purpose of repossessing, removing, selling or otherwise dealing with any of the Personal Property, and such
license shall be irrevocable and shall continue from the date Agents (and/or their designee) enter the Premises pursuant to the rights granted to it herein for a period not to exceed one hundred twenty (120) days or if later, until the receipt
by Lender Representative (and/or its designee) of written notice from the undersigned directing Agents (and/or their designee) to leave the Premises; provided, that, (a) for each day that an Agent (or its designee) uses the Premises pursuant to
the rights granted to it herein, unless the undersigned has otherwise been paid rent in respect of any of such period, such Agent (and/or its designee) shall pay the regularly scheduled basic rent provided under the Lease relating to the Premises
between the undersigned and Debtor, prorated on a per diem basis to be determined on a thirty (30) day month, without any Agent thereby assuming the Lease or incurring any other obligations of Debtor and (b) any damage to the Premises
caused by an Agent (and/or its designee) or its representatives will be repaired by such Agent (and/or its designee) (for the account of Debtor). To the extent that either or both Agents are prohibited by any process or injunction issued by any
court, or by reason of any bankruptcy or insolvency proceeding involving Debtor, from enforcing its security interest in the Personal Property, such one hundred twenty (120) day period shall commence on the termination of such prohibition.

 4. The undersigned agrees to simultaneously send notice in writing of any default under the Lease (including, but not limited
to, any termination notice) to Debtor and Lender Representative at: 
 Deutsche Bank Trust Company Americas, as Revolving
Facility Agent 
 60 Wall Street 
 New York, New York 10005 
 Attn: Dusan Lazarov/Jeremy Hyatt 

Tel.: (212) 250-0211 
 Fax: (212) 797-5695 
 Deutsche Bank Trust Company Americas, as Term Loan
Agent 
 60 Wall Street 
 New York, New York 10005 
 Attn: Dusan Lazarov/Jeremy Hyatt 

Tel.: (212) 250-0211 
 Fax: (212) 797-5695 

  
 D-2

 Upon receipt of such notice, each Agent shall have the right, but not the obligation, to
cure such default. Any payment made or act done by any Agent to cure any such default shall not constitute an assumption by such Agent of the Lease or any obligations of Debtor. 

This waiver may not be changed or terminated orally or by course of conduct and is binding upon the undersigned and the heirs, personal
representatives, successors and assigns of the undersigned and inures to the benefit of each Agent, the Lenders, Lender Representative and their respective successors and assigns. 

The Secured Parties may, without in any way affecting or limiting this Agreement, and without notice to Landlord, amend, restate (in
whole or in part), amend and restate, supplement, refinance or otherwise modify the Loan Documents (as defined in the Term Loan Credit Agreement or the Revolving Facility Credit Agreement). 

Dated this          day of
                    , 2012 
  

			
	[NAME OF LANDLORD]
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 D-3

 EXHIBIT E 
 FORM OF 
 BAILEE NOTIFICATION 

AND 

ACKNOWLEDGMENT OF SECURITY INTEREST 
                          , 2012 

 

	
	  
	  
	  

 Ladies and Gentlemen: 
 Please be advised that we and certain of our affiliates (collectively the “Company”) have entered or are about to enter into financing arrangements with Deutsche Bank Trust Company
Americas (“DBTCA”) in its capacity as administrative agent and collateral agent pursuant to the Revolving Facility Credit Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders (in such
capacity, together with its successors and assigns, “Revolving Facility Agent”) and the parties from time to time to the Revolving Facility Credit Agreement as lenders (collectively, together with their respective successors and
assigns, “Revolving Facility Lenders”) and DBTCA, in its capacity as administrative and collateral agent pursuant to the Term Loan Credit Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders
(in such capacity, together with its successors and assigns, “Term Loan Agent” and, together with Revolving Facility Agent, collectively, “Agents” and, individually, each an “Agent”) and the parties
from time to time to the Term Loan Credit Agreement as lenders (collectively, together with their respective successors and assigns, the “Term Loan Lenders” and together with Revolving Facility Lenders individually each a
“Lender” and, collectively, “Lenders”), pursuant to which the Company has granted or will grant to each Agent a security interest in, among other collateral, all of the Company’s existing and future inventory
and other goods, which may at any time now or hereafter be in your possession or control and all of the Company’s inventory and other goods which may at any time now or hereafter be located on or in real property or buildings owned, leased or
otherwise in your possession or control, and/or received or delivered to you for shipment, distribution, storage or otherwise, whether pursuant to any agreement or otherwise (collectively, “Collateral”). 

For purposes of this agreement, the term “Revolving Facility Credit Agreement” as used herein shall mean the ABL Credit
Agreement, dated as of July 27, 2012, by and among us, certain of our affiliates, Revolving Facility Agent, Bank of America N.A., in its capacity as co-ABL collateral agent and Revolving Facility Lenders, and the term “Term Loan Credit
Agreement” as used herein shall mean the Term Loan Credit Agreement, dated as of July 27, 2012, by and among us, certain of our affiliates, Term Loan Agent and Term Loan Lenders, in each case, as the same now exists or may hereafter be
amended, modified, supplemented, extended, renewed, restated or replaced. The term “Lender Representative” as used herein shall mean Revolving Facility Agent until such time as Revolving Facility Agent notifies you in writing (at
your address below) that the Lender Representative shall be Term Loan Agent, and on and after delivery of such notice to the undersigned, the term “Lender Representative” shall mean Term Loan Agent. 

  
 E-1

 By your signature below, you acknowledge receipt of the above notice of each Agent’s
security interest and, upon receipt of written notice from the Lender Representative, agree to follow all instructions that Lender Representative may from time to time thereafter give to you with respect to Collateral in your possession or control
or located on or in any of your premises, and/or received or delivered to you by or for our account for distribution, storage or otherwise. Upon being so notified by Lender Representative, you are to abide solely by Lender Representative’s
instructions with respect to any of such goods or other Collateral and you are not to release any Collateral to the Company or to anyone else except according to written instructions which may be given to you from time to time by Lender
Representative. If so instructed by Lender Representative, you agree to return to Lender Representative all of the Company’s goods and other Collateral in your custody, control or possession at the Company’s expense. You hereby acknowledge
and agree that you hold and will have possession of such goods or other Collateral and proceeds for the benefit of Agents and Lenders and you shall not take any action purporting to encumber or transfer any interest in such goods or other Collateral
or the proceeds thereof. 
 You agree and acknowledge that you do not have and in no event will you assert, as against Lender
Representative, any Agent or any Lender, any lien, right of distraint or levy, right of offset, claim, deduction, counterclaim, security or other interest in any Collateral now or hereafter located on any of your premises or in your custody,
possession or control, including any of the foregoing which might otherwise arise or exist in your favor pursuant to any agreement, common law, statute (including the U.S. Bankruptcy Code or any state insolvency law) or otherwise. You certify that
you do not know of any security interest or other claim with respect to any of the Collateral, other than the security interest which is the subject of this agreement. You agree and acknowledge that no negotiable or non-negotiable warehouse
receipts, documents of title or similar instruments have been or will be issued by you with respect to any of the Company’s goods, except for non-negotiable receipts naming Lender Representative or the Company as consignee. You shall not take
any action purporting to encumber or transfer any interest in such inventory or other goods or other Collateral. You are holding the Collateral as bailee for Agents and Lenders for the purpose of perfecting the security interest and lien of Agents
in the Collateral. 
 You further agree, upon prior written notice from the Lender Representative, to (a) allow Lender
Representative or its agents to enter upon your premises during business hours for the purpose of examining, removing, taking possession of or otherwise dealing with any of the Collateral at any time in your possession or copies of any books and
records related thereto and (b) provide the Lender Representative with any available detailed inventory reporting on a per location basis upon written request from the Lender Representative. 

Agents and Lenders are relying upon this acknowledgment in connection with their financing arrangements with the Company. This agreement
may not be changed or terminated orally or by course of conduct. Any change to the terms of this agreement must be in writing and signed by Agents. This agreement shall be binding upon you and your successors and assigns and shall be enforceable by
and inure to the benefit of Lender Representative, Agents, Lenders and their respective successors and assigns. 

  
 E-2

 This agreement constitutes our acknowledgment that Lender Representative, any Agent or any
Lender may assert any of the rights set forth or referred to herein, without objection by us. We also agree to reimburse you for all reasonable costs and expenses incurred by you as a direct result of compliance with the instructions of Lender
Representative as to the disposition of any of the Collateral. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 E-3

 Please acknowledge your agreement to the foregoing by signing in the space provided below.

  

			
	Very truly yours,
	
	[APPROPRIATE ENTITY]
		
	By:	 	 
	Title:	 	 

  

			
	ACKNOWLEDGED AND AGREED:
	
	[                           
                                     ]
		
	By:	 	 
	Title:	 	 

 (Bailee) 

  
 E-4

 EXHIBIT F 
 SUPPLEMENT NO. [•] dated as of [•] (this “Supplement”), to the Pledge and Security Agreement dated as of July 27, 2012 (the “Security Agreement”), among PC
Merger Sub, Inc., a Delaware corporation, to be merged with and into Party City Holdings Inc., a Delaware corporation (the “Company”), PC Finance Sub, Inc., a Delaware corporation, to be merged with and into Party City Corporation,
a Delaware corporation (“Party City”, and together with the Company, each a “Borrower” and collectively the “Borrowers”), PC Intermediate Holdings, Inc., a Delaware corporation
(“Holdings”), each Subsidiary of the Borrowers party from time to time thereto (each such Subsidiary individually a “Subsidiary Party” and collectively, the “Subsidiary Parties”; the Subsidiary
Parties, Holdings and the Borrowers are referred to collectively herein as the “Grantors”), and Deutsche Bank Trust Company Americas, as administrative agent and as collateral agent (in such capacity, the “Agent”).

 A. Reference is made to the Term Loan Credit Agreement dated as of July 27, 2012, (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Holdings, the Borrowers, the Subsidiary Parties, the lenders from time to time party thereto, and the Agent. 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement
or the Security Agreement, as applicable. 
 C. The Grantors have entered into the Security Agreement in order to induce the
Lenders to make Loans. Section 7.12 of the Security Agreement and Section 5.12 of the Credit Agreement provide that additional Domestic Subsidiaries of the Borrower (other than Excluded Subsidiaries) may become Subsidiary Parties under the
Security Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit Agreement
to become a Subsidiary Party under the Security Agreement in order to induce the Lenders to make additional Loans and as consideration for Loans previously made. 
 Accordingly, the Agent and the New Subsidiary agree as follows: 
 SECTION 1. In
accordance with Section 7.12 of the Security Agreement, the New Subsidiary by its signature below becomes a Subsidiary Party and a Grantor under the Security Agreement with the same force and effect as if originally named therein as a
Subsidiary Party and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Security Agreement applicable to it as a Subsidiary Party and Grantor thereunder and (b) represents and warrants as of the date hereof that
the representations and warranties made by it as a Grantor thereunder that are qualified as to materiality are true and correct in all respects on and as of the date hereof and those that are not so qualified are true and correct in all material
respects on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Secured Obligations, does hereby create and grant to the Agent, its successors and assigns, for
the benefit of the Secured Parties, their successors and permitted assigns, a security interest in and Lien on all of the New Subsidiary’s right, title and interest in and to the Collateral of the New Subsidiary. Each reference to a
“Grantor” and “Subsidiary Party” in the Security Agreement shall be deemed to include the New Subsidiary. The Security Agreement is hereby incorporated herein by reference. 

  
 F-1

 SECTION 2. The New Subsidiary represents and warrants to the Agent and the other Secured
Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforcement may be limited by bankruptcy,
insolvency or similar laws affecting creditors’ rights generally and except insofar as enforcement thereof is subject to general principles of equity and good faith and fair dealing. 

SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Agent shall have received a counterpart of this Supplement that bears the signature of the New
Subsidiary and the Agent has executed a counterpart hereof. Delivery of an executed signature page to this Supplement by facsimile transmission or by email as a “.pdf” or “.tif” attachment shall be as effective as delivery of a
manually signed counterpart of this Supplement. 
 SECTION 4. The New Subsidiary hereby represents and warrants that
(a) set forth on Schedule I attached hereto is a true and correct schedule of the location of any and all material Collateral consisting of inventory or equipment of the New Subsidiary (other than in-transit Collateral), (b) set
forth on Schedule II attached hereto is a true and correct schedule of all the Pledged Stock of the New Subsidiary and all promissory notes, instruments (other than checks to be deposited in the ordinary course of business) and tangible
chattel paper, in each case exceeding $1,500,000, held by the New Subsidiary, (c) set forth on Schedule III attached hereto is a true and correct schedule of all material registered Patents, Trademarks and Copyrights of the New
Subsidiary and (d) set forth under its signature hereto, is the true and correct legal name of the New Subsidiary, its jurisdiction of formation and the location of its chief executive office. 

SECTION 5. Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect. 

SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Security Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in
a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

  
 F-2

 SECTION 8. All communications and notices hereunder shall be in writing and given as
provided in Section 8.01 of the Security Agreement. 
 SECTION 9. The New Subsidiary agrees to reimburse the Agent for its
expenses in connection with this Supplement, including the fees, other charges and disbursements of counsel in accordance with Section 9.03(c) of the Credit Agreement. 
 IN WITNESS WHEREOF, the New Subsidiary and the Agent have duly executed this Supplement to the Security Agreement as of the day and year first above written. 

 

			
	[NAME OF NEW SUBSIDIARY]
		
	By:	 	 
		 	Name:
		 	Title:
		
		 	Legal Name:
		 	Jurisdiction of Formation:
		 	Location of Chief Executive office:
	
	 DEUTSCHE BANK TRUST COMPANY
 AMERICAS, as Agent

		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

  
 F-3

 Schedule I 
 to Supplement No.          to the 

Pledge and Security Agreement 
 LOCATION OF COLLATERAL 
  

			
	 Description
	  	Location

  
 I-1

 Schedule II 
 to Supplement No.          to the 

Pledge and Security Agreement 
 LIST OF PLEDGED STOCK 
 AND OTHER INVESTMENT PROPERTY 

STOCKS 
  

											
	 Holder
	 	 Issuer
	 	 Certificate
Number(s)
	 	 Number of
Shares
	 	 Class of
Stock
	 	 Percentage
of
Outstanding
Shares

		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	

 BONDS 
  

											
	 Holder
	 	 Issuer
	 	 Number
	  	Face
Amount	  	Coupon Rate	  	Maturity
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	

 GOVERNMENT SECURITIES 

 

													
	 Holder
	 	 Issuer
	 	 Number
	 	 Type
	 	 Face
Amount
	 	 Coupon
Rate
	 	 Maturity

		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	

 OTHER SECURITIES OR OTHER INVESTMENT PROPERTY 

(CERTIFICATED AND UNCERTIFICATED) 
  

							
	 Holder
	 	 Issuer
	 	 Description of
Collateral
	  	Percentage
Ownership Interest
		 		 		  	
		 		 		  	
		 		 		  	

  
 E-1

 Schedule III 
 to Supplement No.      to the 
 Pledge and Security
Agreement 
 INTELLECTUAL PROPERTY RIGHTS 
 PATENT REGISTRATIONS 
  

					
	 Patent Description
	 	 Patent Number
	 	 Issue Date

		 		 	
		 		 	
		 		 	

 PATENT APPLICATIONS 

 

					
	 Patent Description
	 	 Application Filing Date
	 	 Application Serial Number

		 		 	
		 		 	
		 		 	

 TRADEMARK REGISTRATIONS 

 

					
	 Trademark
	 	 Registration Date
	 	 Registration Number

		 		 	
		 		 	
		 		 	

 TRADEMARK APPLICATIONS 

 

					
	 Trademark Application
	 	 Application Filing Date
	 	 Application Serial Number

		 		 	
		 		 	
		 		 	

 COPYRIGHT REGISTRATIONS 

 

					
	 Copyright
	 	 Registration Date
	 	 Registration Number

		 		 	
		 		 	
		 		 	

 COPYRIGHT APPLICATIONS 

 

					
	 Copyright Application
	 	 Application Filing Date
	 	 Application Serial Number

		 		 	
		 		 	

  
 III-1

 EXHIBIT G 

 

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	consolidation	  	Corporate	  		  		  	Bank of America	  	 	3476179753	  
	 Party City Corporation
	  	consolidation	  	Corporate	  		  		  	Wells Fargo	  	 	4000029728	  
	 Party City Corporation
	  	consolidation	  	Corporate	  		  		  	Chase	  	 	000000877233882	  
	 Party City Corporation
	  	consolidation	  	Corporate	  		  		  	La Salle	  	 	5800683525	  
	 Party City Corporation
	  	consolidation	  	Corporate	  		  		  	Fifth Third	  	 	07234555071	  
	 Party City Corporation
	  	consolidation	  	Corporate	  		  		  	Wells Fargo/Wachovia	  	 	2000006157379	  
	 Party City Corporation
	  	consolidation	  	Corporate	  		  		  	TD Mercantile	  	 	7600080125	  
	 PA Acquisition Corp.
	  	consolidation	  	Corporate	  		  		  	Bank of America	  	 	1499510056	  
	 PA Acquisition Corp.
	  	consolidation	  	Corporate	  		  		  	Comerica Bank	  	 	1851847721	  
	 PA Acquisition Corp.
	  	consolidation	  	Corporate	  		  		  	Fifth Third	  	 	09991603565	  
	 PA Acquisition Corp.
	  	consolidation	  	Corporate	  		  		  	Wells Fargo Bank	  	 	4311782528	  
	 Party City Corporation
	  	consolidation	  	Corporate	  		  		  	Bank of America	  	 	4426897893	  
	 Party City Corporation
	  	consolidation	  	Corporate	  		  		  	Wells Fargo/Wachovia	  	 	2000049260016	  
	 Factory Card & Party Outlet Corp.
	  	consolidation	  	Corporate	  		  		  	US Bank	  	 	793413899	  
	 Factory Card & Party Outlet Corp.
	  	consolidation	  	Corporate	  		  		  	Fifth Third	  	 	09990206634	  
	 Party City Corporation
	  	Store	  	2	  	Randolph	  	NJ	  	Bank of America	  	 	004050014417	  
	 Party City Corporation
	  	Store	  	3	  	East Hanover	  	NJ	  	Citibank	  	 	759233029	  
	 Party City Corporation
	  	Store	  	4	  	Wayne	  	NJ	  	Valley National Bank	  	 	123623301	  
	 Party City Corporation
	  	Store	  	10	  	Virginia Beach	  	VA	  	Bank of America	  	 	004130225793	  
	 Party City Corporation
	  	Store	  	12	  	Parsippany	  	NJ	  	Wells Fargo	  	 	2000006156574	  
	 Party City Corporation
	  	Store	  	15	  	Skokie	  	IL	  	Bank of America	  	 	5200548526	  
	 Party City Corporation
	  	Store	  	42	  	Cincinnati	  	OH	  	Fifth Third	  	 	71949790	  
	 Party City Corporation
	  	Store	  	59	  	Richardson	  	TX	  	Chase	  	 	1826345355	  
	 Party City Corporation
	  	Store	  	60	  	Mesquite	  	TX	  	Chase	  	 	1595825561	  
	 Party City Corporation
	  	Store	  	61	  	Plano	  	TX	  	Chase	  	 	1826345363	  
	 Party City Corporation
	  	Store	  	62	  	Arlington	  	TX	  	Chase	  	 	1826345371	  
	 Party City Corporation
	  	Store	  	63	  	Carrollton	  	TX	  	Chase	  	 	1826345389	  
	 Party City Corporation
	  	Store	  	64	  	Irving	  	TX	  	Chase	  	 	1826345397	  
	 Party City Corporation
	  	Store	  	65	  	Dallas	  	TX	  	Chase	  	 	1826345405	  
	 Party City Corporation
	  	Store	  	75	  	Torrance	  	CA	  	Wells Fargo	  	 	4944239409	  
	 Party City Corporation
	  	Store	  	76	  	Santa Ana	  	CA	  	Wells Fargo	  	 	4944239417	  
	 Party City Corporation
	  	Store	  	102	  	Snellville	  	GA	  	Wells Fargo	  	 	2000049260029	  
	 Party City Corporation
	  	Store	  	115	  	Atlanta	  	GA	  	Wells Fargo	  	 	2000049260032	  
	 Party City Corporation
	  	Store	  	116	  	Staten Island	  	NY	  	Chase	  	 	9362247227	  
	 Party City Corporation
	  	Store	  	117	  	Denver	  	CO	  	Wells Fargo	  	 	4944585926	  
	 Party City Corporation
	  	Store	  	135	  	Miami	  	FL	  	Bank of America	  	 	4426897958	  
	 Party City Corporation
	  	Store	  	137	  	Chesapeake	  	VA	  	Crestar	  	 	203413792	  
	 Party City Corporation
	  	Store	  	139	  	Austell	  	GA	  	Wells Fargo	  	 	2000049260045	  
	 Party City Corporation
	  	Store	  	143	  	Duluth	  	GA	  	Wells Fargo	  	 	2000049260058	  
	 Party City Corporation
	  	Store	  	144	  	Downers Grove	  	IL	  	Chase	  	 	1110021224212	  
	 Party City Corporation
	  	Store	  	158	  	Morrow	  	GA	  	Wells Fargo	  	 	2000049260061	  
	 Party City Corporation
	  	Store	  	159	  	Marietta	  	GA	  	Wells Fargo	  	 	2000049260074	  

  
 E-1

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	165	  	Cincinnati	  	OH	  	Fifth Third	  	 	73138406	  
	 Party City Corporation
	  	Store	  	166	  	Hialeah	  	FL	  	Bank of America	  	 	4426897961	  
	 Party City Corporation
	  	Store	  	168	  	Highland Park	  	IL	  	Chase	  	 	744445735	  
	 Party City Corporation
	  	Store	  	169	  	Sugar Land	  	TX	  	Chase	  	 	1586267682	  
	 Party City Corporation
	  	Store	  	171	  	Chicago	  	IL	  	North Community Bank	  	 	1408293	  
	 Party City Corporation
	  	Store	  	178	  	Atlanta	  	GA	  	Wells Fargo	  	 	2000049260087	  
	 Party City Corporation
	  	Store	  	183	  	Atlanta	  	GA	  	Wells Fargo	  	 	2000049260090	  
	 Party City Corporation
	  	Store	  	189	  	Dallas	  	TX	  	Chase	  	 	1826345413	  
	 Party City Corporation
	  	Store	  	196	  	Arlington Heights	  	IL	  	Chase	  	 	1110021224182	  
	 Party City Corporation
	  	Store	  	197	  	Wheaton	  	IL	  	Chase	  	 	1110021224190	  
	 Party City Corporation
	  	Store	  	203	  	Lewisville	  	TX	  	Bank of America	  	 	003476179779	  
	 Party City Corporation
	  	Store	  	207	  	Miami	  	FL	  	Bank of America	  	 	4426897974	  
	 Party City Corporation
	  	Store	  	210	  	Miami	  	FL	  	Bank of America	  	 	4426897987	  
	 Party City Corporation
	  	Store	  	219	  	Plano	  	TX	  	Bank of America	  	 	001298114308	  
	 Party City Corporation
	  	Store	  	220	  	Atlanta	  	GA	  	Bank of America	  	 	4426897990	  
	 Party City Corporation
	  	Store	  	221	  	Conyers	  	GA	  	Wells Fargo	  	 	2000049260100	  
	 Party City Corporation
	  	Store	  	222	  	Fayetteville	  	GA	  	Bank of America	  	 	4426898096	  
	 Party City Corporation
	  	Store	  	223	  	Gainesville	  	GA	  	Bank of America	  	 	4426898193	  
	 Party City Corporation
	  	Store	  	234	  	Douglasville	  	GA	  	Wells Fargo	  	 	2000049260113	  
	 Party City Corporation
	  	Store	  	238	  	Miami	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260126	  
	 Party City Corporation
	  	Store	  	239	  	Marietta	  	GA	  	Wells Fargo	  	 	2000049260139	  
	 Party City Corporation
	  	Store	  	240	  	Johns Creek	  	GA	  	Wells Fargo	  	 	2000049260142	  
	 Party City Corporation
	  	Store	  	248	  	Newnan	  	GA	  	Wells Fargo	  	 	2000049260155	  
	 Party City Corporation
	  	Store	  	264	  	Cumming	  	GA	  	Bank of America	  	 	4426898009	  
	 Party City Corporation
	  	Store	  	266	  	Ft Myers	  	FL	  	Bank of America	  	 	4426898106	  
	 Party City Corporation
	  	Store	  	275	  	Athens	  	GA	  	Wells Fargo	  	 	2000049260168	  
	 Party City Corporation
	  	Store	  	289	  	Macon	  	GA	  	Bank of America	  	 	4426898203	  
	 Party City Corporation
	  	Store	  	292	  	Alpharetta	  	GA	  	Bank of America	  	 	4426898012	  
	 Party City Corporation
	  	Store	  	302	  	Davie	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260171	  
	 Party City Corporation
	  	Store	  	304	  	Oakland Park	  	FL	  	Bank of America	  	 	4426898119	  
	 Party City Corporation
	  	Store	  	308	  	Pembroke Pines	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260184	  
	 Party City Corporation
	  	Store	  	309	  	Miami	  	FL	  	Bank of America	  	 	4426898216	  
	 Party City Corporation
	  	Store	  	310	  	Columbus	  	GA	  	Wells Fargo	  	 	2000049260197	  
	 Party City Corporation
	  	Store	  	315	  	Hollywood	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260207	  
	 Party City Corporation
	  	Store	  	316	  	Miami	  	FL	  	Bank of America	  	 	4426898025	  
	 Party City Corporation
	  	Store	  	317	  	Palmetto Bay	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260210	  
	 Party City Corporation
	  	Store	  	319	  	Kendall	  	FL	  	Bank of America	  	 	4426898122	  
	 Party City Corporation
	  	Store	  	323	  	Boca Raton	  	FL	  	Bank of America	  	 	4426898229	  
	 Party City Corporation
	  	Store	  	324	  	Pembroke Pines	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260223	  
	 Party City Corporation
	  	Store	  	326	  	Plantation	  	FL	  	Bank of America	  	 	4426898038	  
	 Party City Corporation
	  	Store	  	327	  	Tallahassee	  	FL	  	Bank of America	  	 	4426898135	  
	 Party City Corporation
	  	Store	  	331	  	Royal Palm Beach	  	FL	  	Bank of America	  	 	4426898232	  
	 Party City Corporation
	  	Store	  	332	  	Coral Springs	  	FL	  	Bank of America	  	 	4426898041	  
	 Party City Corporation
	  	Store	  	333	  	Miami	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260236	  

  
 E-2

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	336	  	East Point	  	GA	  	Wells Fargo	  	 	2000049260249	  
	 Party City Corporation
	  	Store	  	337	  	Buford	  	GA	  	Bank of America	  	 	4426898148	  
	 Party City Corporation
	  	Store	  	338	  	Pensacola	  	FL	  	Bank of America	  	 	4426898245	  
	 Party City Corporation
	  	Store	  	348	  	Estero	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260252	  
	 Party City Corporation
	  	Store	  	350	  	Jensen Beach	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260265	  
	 Party City Corporation
	  	Store	  	357	  	Melbourne	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260278	  
	 Party City Corporation
	  	Store	  	367	  	Miami	  	FL	  	Bank of America	  	 	4426898054	  
	 Party City Corporation
	  	Store	  	373	  	Summerville	  	SC	  	Wells Fargo	  	 	2000049267491	  
	 Party City Corporation
	  	Store	  	374	  	Miami	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260294	  
	 Party City Corporation
	  	Store	  	376	  	Winter Garden	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260304	  
	 Party City Corporation
	  	Store	  	377	  	Kissimmee	  	FL	  	Bank of America	  	 	4426898151	  
	 Party City Corporation
	  	Store	  	400	  	Garland	  	TX	  	Chase	  	 	789662780	  
	 Party City Corporation
	  	Store	  	401	  	El Centro	  	CA	  	Bank of America	  	 	355002018266	  
	 Party City Corporation
	  	Store	  	402	  	Woodbridge	  	NJ	  	Wells Fargo	  	 	2000040977654	  
	 Party City Corporation
	  	Store	  	403	  	Union	  	NJ	  	Bank of America	  	 	354004435369	  
	 Party City Corporation
	  	Store	  	404	  	Brooklyn	  	NY	  	Citibank	  	 	759233037	  
	 Party City Corporation
	  	Store	  	406	  	Jersey City	  	NJ	  	Bank of America	  	 	354002016337	  
	 Party City Corporation
	  	Store	  	407	  	Cuyahoga Falls	  	OH	  	Chase	  	 	789616141	  
	 Party City Corporation
	  	Store	  	408	  	Watchung	  	NJ	  	Wells Fargo	  	 	2000040977670	  
	 Party City Corporation
	  	Store	  	409	  	Oceanside	  	NY	  	Citibank	  	 	759233045	  
	 Party City Corporation
	  	Store	  	410	  	Pasadena	  	TX	  	Bank of America	  	 	354001208175	  
	 Party City Corporation
	  	Store	  	411	  	New Hartford	  	NY	  	Partners Trust Company	  	 	9303124	  
	 Party City Corporation
	  	Store	  	412	  	Saint Louis	  	MO	  	Bank of America	  	 	003471923632	  
	 Party City Corporation
	  	Store	  	413	  	Katy	  	TX	  	Bank of America	  	 	354001208188	  
	 Party City Corporation
	  	Store	  	414	  	Turlock	  	CA	  	Wells Fargo	  	 	4945314920	  
	 Party City Corporation
	  	Store	  	416	  	Denton	  	TX	  	Chase	  	 	789732641	  
	 Party City Corporation
	  	Store	  	418	  	Fort Worth	  	TX	  	Chase	  	 	769019019	  
	 Party City Corporation
	  	Store	  	419	  	Pittsburg	  	CA	  	Bank of America	  	 	355002018279	  
	 Party City Corporation
	  	Store	  	420	  	Novato	  	CA	  	Wells Fargo	  	 	4944239425	  
	 Party City Corporation
	  	Store	  	421	  	McKinney	  	TX	  	Bank of America	  	 	354004435372	  
	 Party City Corporation
	  	Store	  	422	  	Portchester	  	NY	  	Bank of America	  	 	354008053750	  
	 Party City Corporation
	  	Store	  	423	  	New Rochelle	  	NY	  	Bank of America	  	 	354006841689	  
	 Party City Corporation
	  	Store	  	424	  	Orlando	  	FL	  	Bank of America	  	 	4426958237	  
	 Party City Corporation
	  	Store	  	425	  	West Babylon	  	NY	  	Chase	  	 	6902031837	  
	 Party City Corporation
	  	Store	  	426	  	Las Vegas	  	NV	  	Wells Fargo	  	 	4944405489	  
	 Party City Corporation
	  	Store	  	427	  	Chino	  	CA	  	Wells Fargo	  	 	4944196401	  
	 Party City Corporation
	  	Store	  	429	  	Henderson	  	NV	  	Bank of America	  	 	003476180328	  
	 Party City Corporation
	  	Store	  	430	  	Westland	  	MI	  	Comerica	  	 	1850636612	  
	 Party City Corporation
	  	Store	  	431	  	Grandville	  	MI	  	Comerica	  	 	1851130219	  
	 Party City Corporation
	  	Store	  	432	  	Bolingbrook	  	IL	  	West Suburban Bank	  	 	1700029819	  
	 Party City Corporation
	  	Store	  	433	  	Lake Zurich	  	IL	  	Bank of America	  	 	5200936010	  
	 Party City Corporation
	  	Store	  	436	  	Pico Rivera	  	CA	  	Wells Fargo	  	 	4944196435	  
	 Party City Corporation
	  	Store	  	437	  	Mission Viejo	  	CA	  	Bank of America	  	 	003476180564	  
	 Party City Corporation
	  	Store	  	438	  	Silverdale	  	WA	  	Bank of America	  	 	003476180519	  
	 Party City Corporation
	  	Store	  	439	  	Los Angeles	  	CA	  	Wells Fargo	  	 	4944350909	  

  
 E-3

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	440	  	McAllen	  	TX	  	Bank of America	  	 	003476030986	  
	 Party City Corporation
	  	Store	  	441	  	Santee	  	CA	  	Wells Fargo	  	 	4944196427	  
	 Party City Corporation
	  	Store	  	442	  	West Hills	  	CA	  	Bank of America	  	 	003476180768	  
	 Party City Corporation
	  	Store	  	443	  	Rancho Cucamonga	  	CA	  	Wells Fargo	  	 	4944592039	  
	 Party City Corporation
	  	Store	  	444	  	Brentwood	  	CA	  	Bank of America	  	 	003476180739	  
	 Party City Corporation
	  	Store	  	445	  	Escondido	  	CA	  	Wells Fargo	  	 	4944592054	  
	 Party City Corporation
	  	Store	  	446	  	Thousand Oaks	  	CA	  	Wells Fargo	  	 	4944196393	  
	 Party City Corporation
	  	Store	  	449	  	Sacramento	  	CA	  	Wells Fargo	  	 	4944592062	  
	 Party City Corporation
	  	Store	  	450	  	Olympia	  	WA	  	Wells Fargo	  	 	4944196419	  
	 Party City Corporation
	  	Store	  	457	  	Aurora	  	CO	  	Wells Fargo	  	 	4944422880	  
	 Party City Corporation
	  	Store	  	459	  	Monrovia	  	CA	  	Chase	  	 	986183853	  
	 Party City Corporation
	  	Store	  	462	  	Everett	  	WA	  	Bank of America	  	 	003476180409	  
	 Party City Corporation
	  	Store	  	463	  	Bellevue	  	WA	  	Bank of America	  	 	003476180412	  
	 Party City Corporation
	  	Store	  	464	  	Kent	  	WA	  	Bank of America	  	 	003476180425	  
	 Party City Corporation
	  	Store	  	465	  	Marysville	  	WA	  	Wells Fargo	  	 	4948920616	  
	 Party City Corporation
	  	Store	  	466	  	Puyallup	  	WA	  	Bank of America	  	 	003476180441	  
	 Party City Corporation
	  	Store	  	469	  	Flower Mound	  	TX	  	Bank of America	  	 	003480201646	  
	 Party City Corporation
	  	Store	  	470	  	Salinas	  	CA	  	Bank of America	  	 	003476180771	  
	 Party City Corporation
	  	Store	  	471	  	Woodinville	  	WA	  	Bank of America	  	 	003476180470	  
	 Party City Corporation
	  	Store	  	472	  	Littleton	  	CO	  	Wells Fargo	  	 	4944226273	  
	 Party City Corporation
	  	Store	  	473	  	Everett	  	WA	  	Bank of America	  	 	003476180483	  
	 Party City Corporation
	  	Store	  	474	  	Burlington	  	WA	  	Bank of America	  	 	003476180496	  
	 Party City Corporation
	  	Store	  	476	  	Farmington Hills	  	MI	  	Comerica	  	 	1850868066	  
	 Party City Corporation
	  	Store	  	477	  	Oswego	  	IL	  	Fifth Third	  	 	7230251097	  
	 Party City Corporation
	  	Store	  	478	  	Levittown	  	NY	  	Citibank	  	 	021000089	  
	 Party City Corporation
	  	Store	  	479	  	Watauga	  	TX	  	Wells Fargo	  	 	4944251487	  
	 Party City Corporation
	  	Store	  	480	  	Mays Landing	  	NJ	  	Wells Fargo	  	 	2000028319975	  
	 Party City Corporation
	  	Store	  	481	  	Cedar Hill	  	TX	  	Bank of America	  	 	003473045877	  
	 Party City Corporation
	  	Store	  	482	  	Orland Park	  	IL	  	Chase	  	 	648728277	  
	 Party City Corporation
	  	Store	  	485	  	Opelika	  	AL	  	RBC	  	 	5420027667	  
	 Party City Corporation
	  	Store	  	486	  	Mira Loma	  	CA	  	Bank of America	  	 	003481144074	  
	 Party City Corporation
	  	Store	  	487	  	Las Vegas	  	NV	  	Bank of America	  	 	354001209666	  
	 Party City Corporation
	  	Store	  	488	  	Euless	  	TX	  	Bank of America	  	 	354002017022	  
	 Party City Corporation
	  	Store	  	489	  	Arlington	  	TX	  	Chase	  	 	750528580	  
	 Party City Corporation
	  	Store	  	490	  	Wilkes Barre	  	PA	  	Wells Fargo	  	 	2000049235850	  
	 Party City Corporation
	  	Store	  	491	  	Brownsville	  	TX	  	Bank of America	  	 	354001209750	  
	 Party City Corporation
	  	Store	  	492	  	Lansing	  	MI	  	Chase	  	 	771068871	  
	 Party City Corporation
	  	Store	  	493	  	Lansing	  	MI	  	Chase	  	 	771069671	  
	 Party City Corporation
	  	Store	  	495	  	Columbus	  	OH	  	Chase	  	 	771069275	  
	 Party City Corporation
	  	Store	  	496	  	Stroudsburg	  	PA	  	Wells Fargo	  	 	2000049235876	  
	 Party City Corporation
	  	Store	  	497	  	Dearborn	  	MI	  	Chase	  	 	750528606	  
	 Party City Corporation
	  	Store	  	498	  	Fairfield	  	CA	  	Bank of America	  	 	354001209637	  
	 Party City Corporation
	  	Store	  	500	  	Orlando	  	FL	  	Bank of America	  	 	4426898067	  
	 Party City Corporation
	  	Store	  	503	  	Orlando	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260317	  
	 Party City Corporation
	  	Store	  	504	  	Middletown	  	NY	  	Provident Bank	  	 	7101809	  
	 Party City Corporation
	  	Store	  	505	  	Chicago	  	IL	  	Chase	  	 	1115000561490	  
	 Party City Corporation
	  	Store	  	506	  	Anaheim	  	CA	  	Bank of America	  	 	3484355598	  
	 Party City Corporation
	  	Store	  	507	  	Chula Vista	  	CA	  	Bank of America	  	 	003476180331	  
	 Party City Corporation
	  	Store	  	510	  	Miami	  	FL	  	Bank of America	  	 	4427185313	  
	 Party City Corporation
	  	Store	  	511	  	Roseville	  	MI	  	Chase	  	 	928489608	  

  
 E-4

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	512	  	Long Island City	  	NY	  	Chase	  	 	899513295	  
	 Party City Corporation
	  	Store	  	513	  	Allen Park	  	MI	  	Chase	  	 	006061964	  
	 Party City Corporation
	  	Store	  	514	  	Los Angeles	  	CA	  	Wells Fargo	  	 	4944239433	  
	 Party City Corporation
	  	Store	  	515	  	Greenbelt	  	MD	  	Bank of America	  	 	003933188818	  
	 Party City Corporation
	  	Store	  	516	  	Royal Oak	  	MI	  	Chase	  	 	003213414	  
	 Party City Corporation
	  	Store	  	518	  	Madison	  	WI	  	US Bank	  	 	312291169	  
	 Party City Corporation
	  	Store	  	519	  	Brooklyn	  	NY	  	HSBC	  	 	683022300	  
	 Party City Corporation
	  	Store	  	520	  	La Habra	  	CA	  	Wells Fargo	  	 	4944239441	  
	 Party City Corporation
	  	Store	  	521	  	National City	  	CA	  	Wells Fargo	  	 	4945321172	  
	 Party City Corporation
	  	Store	  	522	  	Bronx	  	NY	  	Chase	  	 	899513303	  
	 Party City Corporation
	  	Store	  	523	  	Boca Raton	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260333	  
	 Party City Corporation
	  	Store	  	524	  	El Cajon	  	CA	  	Wells Fargo	  	 	4944239458	  
	 Party City Corporation
	  	Store	  	525	  	Centereach	  	NY	  	Chase	  	 	899513311	  
	 Party City Corporation
	  	Store	  	526	  	Encinitas	  	CA	  	Wells Fargo	  	 	4944239391	  
	 Party City Corporation
	  	Store	  	527	  	Lawrence	  	NY	  	Chase	  	 	207501214065	  
	 Party City Corporation
	  	Store	  	529	  	Sterling Heights	  	MI	  	Chase	  	 	002881774	  
	 Party City Corporation
	  	Store	  	530	  	Brooklyn	  	NY	  	Chase	  	 	810458661	  
	 Party City Corporation
	  	Store	  	531	  	Bronx	  	NY	  	Chase	  	 	899513329	  
	 Party City Corporation
	  	Store	  	532	  	Calumet City	  	IL	  	Bank of America	  	 	5200442621	  
	 Party City Corporation
	  	Store	  	533	  	Chicago Ridge	  	IL	  	Bank of America	  	 	5200542339	  
	 Party City Corporation
	  	Store	  	534	  	West Paterson	  	NJ	  	TD Bank	  	 	4249285077	  
	 Party City Corporation
	  	Store	  	538	  	Las Vegas	  	NV	  	Citibank	  	 	8914075968	  
	 Party City Corporation
	  	Store	  	539	  	Livonia	  	MI	  	Comerica	  	 	1850205889	  
	 Party City Corporation
	  	Store	  	540	  	Lauderhill	  	FL	  	Bank of America	  	 	4426898164	  
	 Party City Corporation
	  	Store	  	541	  	Baldwin Park	  	CA	  	Bank of America	  	 	003480861387	  
	 Party City Corporation
	  	Store	  	542	  	Ballwin	  	MO	  	Bank of America	  	 	400173006510	  
	 Party City Corporation
	  	Store	  	544	  	Alhambra	  	CA	  	Bank of America	  	 	003476180124	  
	 Party City Corporation
	  	Store	  	545	  	Stamford	  	CT	  	Wells Fargo	  	 	2000006156626	  
	 Party City Corporation
	  	Store	  	546	  	San Jose	  	CA	  	Citibank	  	 	1834034157	  
	 Party City Corporation
	  	Store	  	548	  	Irvine	  	CA	  	Bank of America	  	 	354004435385	  
	 Party City Corporation
	  	Store	  	549	  	Lighthouse Point	  	FL	  	Wells Fargo/Wachovia	  	 	2000049271050	  
	 Party City Corporation
	  	Store	  	550	  	Las Vegas	  	NV	  	Wells Fargo	  	 	4944239508	  
	 Party City Corporation
	  	Store	  	551	  	Rochester Hills	  	MI	  	Comerica	  	 	1850662212	  
	 Party City Corporation
	  	Store	  	552	  	Cincinnati	  	OH	  	Fifth Third	  	 	71841368	  
	 Party City Corporation
	  	Store	  	555	  	Woodbury	  	NY	  	Chase	  	 	209501492465	  
	 Party City Corporation
	  	Store	  	556	  	New Hyde Park	  	NY	  	Chase	  	 	304669903	  
	 Party City Corporation
	  	Store	  	557	  	Milpitas	  	CA	  	Citibank	  	 	1834033431	  
	 Party City Corporation
	  	Store	  	558	  	South Miami	  	FL	  	Wells Fargo	  	 	2000049260346	  
	 Party City Corporation
	  	Store	  	559	  	Valencia	  	CA	  	Wells Fargo	  	 	4945632867	  
	 Party City Corporation
	  	Store	  	560	  	West Covina	  	CA	  	Bank of America	  	 	003475881945	  
	 Party City Corporation
	  	Store	  	561	  	Olivette	  	MO	  	Bank of America	  	 	410151009404	  
	 Party City Corporation
	  	Store	  	562	  	Carle Place	  	NY	  	Chase	  	 	3051149783	  
	 Party City Corporation
	  	Store	  	563	  	Roseville	  	CA	  	Wells Fargo	  	 	4944239516	  
	 Party City Corporation
	  	Store	  	564	  	Saint Louis	  	MO	  	Union Planters Bank	  	 	3152703449	  
	 Party City Corporation
	  	Store	  	565	  	North Babylon	  	NY	  	Chase	  	 	6902031837	  
	 Party City Corporation
	  	Store	  	566	  	Brea	  	CA	  	Bank of America	  	 	003476180111	  
	 Party City Corporation
	  	Store	  	567	  	Elmont	  	NY	  	Bank of America	  	 	009405765336	  
	 Party City Corporation
	  	Store	  	569	  	Rockford	  	IL	  	Chase	  	 	000000616437836	  

  
 E-5

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	570	  	Fort Collins	  	CO	  	Chase	  	 	193543699	  
	 Party City Corporation
	  	Store	  	571	  	Daly City	  	CA	  	Bank of America	  	 	003476390121	  
	 Party City Corporation
	  	Store	  	572	  	Oceanside	  	CA	  	Citibank	  	 	1834034389	  
	 Party City Corporation
	  	Store	  	573	  	Pasadena	  	CA	  	Bank of America	  	 	003473045848	  
	 Party City Corporation
	  	Store	  	574	  	Merrillville	  	IN	  	Chase	  	 	000185010225919	  
	 Party City Corporation
	  	Store	  	575	  	Newington	  	CT	  	Peoples United Bank	  	 	6500121234	  
	 Party City Corporation
	  	Store	  	577	  	Naples	  	FL	  	Bank of America	  	 	4426898177	  
	 Party City Corporation
	  	Store	  	578	  	Houston	  	TX	  	Chase	  	 	522760052365	  
	 Party City Corporation
	  	Store	  	580	  	San Dimas	  	CA	  	Bank of America	  	 	003476180108	  
	 Party City Corporation
	  	Store	  	581	  	Laurel	  	MD	  	Wells Fargo	  	 	2000011049333	  
	 Party City Corporation
	  	Store	  	582	  	Chino	  	CA	  	Bank of America	  	 	003476180098	  
	 Party City Corporation
	  	Store	  	583	  	Indianapolis	  	IN	  	Chase	  	 	000000618488445	  
	 Party City Corporation
	  	Store	  	584	  	Oak Brook	  	IL	  	West Suburban Bank	  	 	1300001127	  
	 Party City Corporation
	  	Store	  	586	  	Pembroke Pines	  	FL	  	Bank of America	  	 	4426898083	  
	 Party City Corporation
	  	Store	  	587	  	Evansville	  	IN	  	Fifth Third	  	 	0951000040	  
	 Party City Corporation
	  	Store	  	588	  	Houston	  	TX	  	Wells Fargo	  	 	4944973205	  
	 Party City Corporation
	  	Store	  	589	  	Fishers	  	IN	  	Chase	  	 	789867389	  
	 Party City Corporation
	  	Store	  	591	  	Orange	  	CT	  	TD Bank	  	 	4257654529	  
	 Party City Corporation
	  	Store	  	592	  	El Cajon	  	CA	  	Citibank	  	 	1834036533	  
	 Party City Corporation
	  	Store	  	593	  	Lubbock	  	TX	  	Bank of America	  	 	003476180085	  
	 Party City Corporation
	  	Store	  	594	  	Willoughby	  	OH	  	Chase	  	 	000000617183793	  
	 Party City Corporation
	  	Store	  	595	  	Lakeland	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260359	  
	 Party City Corporation
	  	Store	  	597	  	Phillipsburg	  	NJ	  	Wells Fargo	  	 	2000006156778	  
	 Party City Corporation
	  	Store	  	599	  	Pittsburgh	  	PA	  	First Niagara	  	 	389059472	  
	 Party City Corporation
	  	Store	  	600	  	Forestville	  	MD	  	Bank of America	  	 	004130401708	  
	 Party City Corporation
	  	Store	  	601	  	Bloomington	  	IL	  	US Bank	  	 	9740014569	  
	 Party City Corporation
	  	Store	  	602	  	Plainfield	  	IN	  	Harris Bank	  	 	5051495	  
	 Party City Corporation
	  	Store	  	603	  	Staten Island	  	NY	  	Chase	  	 	810458653	  
	 Party City Corporation
	  	Store	  	605	  	Long Beach	  	CA	  	Wells Fargo	  	 	4944400035	  
	 Party City Corporation
	  	Store	  	607	  	Downey	  	CA	  	Bank of America	  	 	003476180616	  
	 Party City Corporation
	  	Store	  	608	  	Mansfield	  	TX	  	Chase	  	 	810458497	  
	 Party City Corporation
	  	Store	  	609	  	Toledo	  	OH	  	Charter One Bank	  	 	0440751100	  
	 Party City Corporation
	  	Store	  	610	  	Littleton	  	CO	  	Chase	  	 	000000223066679	  
	 Party City Corporation
	  	Store	  	611	  	Norfolk	  	VA	  	Wells Fargo/Wachovia	  	 	2000006157065	  
	 Party City Corporation
	  	Store	  	612	  	Columbus	  	OH	  	Fifth Third	  	 	75874140	  
	 Party City Corporation
	  	Store	  	613	  	Commack	  	NY	  	Chase	  	 	9362251088	  
	 Party City Corporation
	  	Store	  	614	  	San Jose	  	CA	  	Wells Fargo	  	 	4944239540	  
	 Party City Corporation
	  	Store	  	615	  	Massapequa	  	NY	  	HSBC	  	 	023730153	  
	 Party City Corporation
	  	Store	  	617	  	Maple Heights	  	OH	  	Chase	  	 	000000619747561	  
	 Party City Corporation
	  	Store	  	618	  	Lexington	  	KY	  	Chase	  	 	631073301	  
	 Party City Corporation
	  	Store	  	619	  	Augusta	  	GA	  	Wells Fargo	  	 	2000049260362	  
	 Party City Corporation
	  	Store	  	621	  	Cedar Park	  	TX	  	Wells Fargo	  	 	4944239896	  
	 Party City Corporation
	  	Store	  	622	  	Compton	  	CA	  	Bank of America	  	 	354006843030	  
	 Party City Corporation
	  	Store	  	623	  	Boynton Beach	  	FL	  	Wells Fargo	  	 	2000049260375	  
	 Party City Corporation
	  	Store	  	624	  	Modesto	  	CA	  	Wells Fargo	  	 	4944400019	  
	 Party City Corporation
	  	Store	  	625	  	Lafayette	  	LA	  	Chase	  	 	7114245421	  
	 Party City Corporation
	  	Store	  	626	  	Richmond	  	CA	  	Wells Fargo	  	 	4944400043	  

  
 E-6

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	627	  	Cincinnati	  	OH	  	Fifth Third	  	 	71718968	  
	 Party City Corporation
	  	Store	  	628	  	Fredericksburg	  	VA	  	Wells Fargo	  	 	2000006157052	  
	 Party City Corporation
	  	Store	  	629	  	Berwyn	  	IL	  	Fifth Third	  	 	400010229	  
	 Party City Corporation
	  	Store	  	631	  	Houston	  	TX	  	Wells Fargo	  	 	4944239904	  
	 Party City Corporation
	  	Store	  	633	  	Lake Charles	  	LA	  	Chase	  	 	7114245766	  
	 Party City Corporation
	  	Store	  	634	  	Whittier	  	CA	  	Bank of America	  	 	003476180140	  
	 Party City Corporation
	  	Store	  	635	  	San Lorenzo	  	CA	  	Bank of America	  	 	003476180072	  
	 Party City Corporation
	  	Store	  	636	  	Burlington	  	NJ	  	Wells Fargo	  	 	2000006156668	  
	 Party City Corporation
	  	Store	  	638	  	San Jose	  	CA	  	Wells Fargo	  	 	4944239946	  
	 Party City Corporation
	  	Store	  	639	  	Van Nuys	  	CA	  	Bank of America	  	 	003476179766	  
	 Party City Corporation
	  	Store	  	641	  	Corpus Christi	  	TX	  	Bank of America	  	 	003476030931	  
	 Party City Corporation
	  	Store	  	642	  	Colorado Springs	  	CO	  	Chase	  	 	000000192365094	  
	 Party City Corporation
	  	Store	  	644	  	Dublin	  	CA	  	Wells Fargo	  	 	4944411669	  
	 Party City Corporation
	  	Store	  	645	  	Cranberry Township	  	PA	  	PNC Bank	  	 	1133040959	  
	 Party City Corporation
	  	Store	  	646	  	Reno	  	NV	  	Wells Fargo	  	 	4944240084	  
	 Party City Corporation
	  	Store	  	647	  	Mount Kisco	  	NY	  	Citibank	  	 	95508551	  
	 Party City Corporation
	  	Store	  	648	  	Grand Prairie	  	TX	  	Wells Fargo	  	 	4944576768	  
	 Party City Corporation
	  	Store	  	649	  	Columbus	  	OH	  	Chase	  	 	928488691	  
	 Party City Corporation
	  	Store	  	650	  	Chicago	  	IL	  	Chase	  	 	693190746	  
	 Party City Corporation
	  	Store	  	651	  	West Palm Beach	  	FL	  	Bank of America	  	 	4426898180	  
	 Party City Corporation
	  	Store	  	652	  	Round Rock	  	TX	  	Bank of America	  	 	003481836340	  
	 Party City Corporation
	  	Store	  	655	  	Orlando	  	FL	  	Wells Fargo/Wachovia	  	 	2000057654436	  
	 Party City Corporation
	  	Store	  	656	  	Shreveport	  	LA	  	Chase	  	 	1114824368	  
	 Party City Corporation
	  	Store	  	661	  	San Marcos	  	CA	  	Wells Fargo	  	 	4945453918	  
	 Party City Corporation
	  	Store	  	662	  	Pleasant Hills	  	PA	  	PNC Bank	  	 	1135833768	  
	 Party City Corporation
	  	Store	  	664	  	Chicago	  	IL	  	Chase	  	 	1110021224727	  
	 Party City Corporation
	  	Store	  	665	  	Tukwila	  	WA	  	Wells Fargo	  	 	4944240092	  
	 Party City Corporation
	  	Store	  	668	  	Melville	  	NY	  	Chase	  	 	6902031837	  
	 Party City Corporation
	  	Store	  	669	  	Torrance	  	CA	  	Wells Fargo	  	 	4944814326	  
	 Party City Corporation
	  	Store	  	671	  	Homestead	  	FL	  	Wells Fargo/Wachovia	  	 	2000049260388	  
	 Party City Corporation
	  	Store	  	672	  	Federal Way	  	WA	  	Wells Fargo	  	 	4944240100	  
	 Party City Corporation
	  	Store	  	673	  	Carmel	  	IN	  	Chase	  	 	899513642	  
	 Party City Corporation
	  	Store	  	674	  	Staten Island	  	NY	  	Chase	  	 	9362252309	  
	 Party City Corporation
	  	Store	  	675	  	Stony Brook	  	NY	  	Chase	  	 	6902031837	  
	 Party City Corporation
	  	Store	  	679	  	Orange	  	CA	  	Wells Fargo	  	 	4944400050	  
	 Party City Corporation
	  	Store	  	681	  	New York	  	NY	  	Citibank	  	 	95574014	  
	 Party City Corporation
	  	Store	  	683	  	Humble	  	TX	  	Chase	  	 	899514111	  
	 Party City Corporation
	  	Store	  	685	  	Carbondale	  	IL	  	Regions Bank	  	 	87726017	  
	 Party City Corporation
	  	Store	  	686	  	Monroe	  	NY	  	Chase	  	 	899514129	  
	 Party City Corporation
	  	Store	  	687	  	Elmhurst	  	NY	  	Chase	  	 	9362261962	  
	 Party City Corporation
	  	Store	  	688	  	Springfield	  	VA	  	Bank of America	  	 	004112992329	  
	 Party City Corporation
	  	Store	  	689	  	Islip	  	NY	  	Bank of America	  	 	009414756984	  
	 Party City Corporation
	  	Store	  	690	  	Yorktown Heights	  	NY	  	Chase	  	 	6702196351	  
	 Party City Corporation
	  	Store	  	691	  	Murfreesboro	  	TN	  	Regions Bank	  	 	1001971564	  
	 Party City Corporation
	  	Store	  	692	  	Patchogue	  	NY	  	Chase	  	 	899513337	  
	 Party City Corporation
	  	Store	  	695	  	Deptford	  	NJ	  	Wells Fargo	  	 	2000040998950	  
	 Party City Corporation
	  	Store	  	697	  	Orlando	  	FL	  	Wells Fargo	  	 	2000049260391	  
	 Party City Corporation
	  	Store	  	698	  	Virginia Beach	  	VA	  	Bank of America	  	 	003482186141	  
	 Party City Corporation
	  	Store	  	699	  	Hurst	  	TX	  	Bank of America	  	 	003476180069	  

  
 E-7

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	701	  	Kingston	  	NY	  	Bank of America	  	 	354008057963	  
	 Party City Corporation
	  	Store	  	703	  	San Francisco	  	CA	  	Wells Fargo	  	 	4945453900	  
	 Party City Corporation
	  	Store	  	704	  	Syracuse	  	NY	  	Bank of America	  	 	354008057947	  
	 Party City Corporation
	  	Store	  	705	  	Miami	  	FL	  	Wells Fargo	  	 	4945579688	  
	 Party City Corporation
	  	Store	  	706	  	Winchester	  	VA	  	Wells Fargo	  	 	2000057638261	  
	 Party City Corporation
	  	Store	  	707	  	Chula Vista	  	CA	  	Bank of America	  	 	354008056414	  
	 Party City Corporation
	  	Store	  	708	  	Port St Lucie	  	FL	  	Chase	  	 	8830223384	  
	 Party City Corporation
	  	Store	  	709	  	McHenry	  	IL	  	Bank of America	  	 	354008057950	  
	 Party City Corporation
	  	Store	  	710	  	Clifton	  	NJ	  	Wells Fargo	  	 	4945536373	  
	 Party City Corporation
	  	Store	  	711	  	North Bergen	  	NJ	  	Chase	  	 	899514160	  
	 Party City Corporation
	  	Store	  	712	  	Lawrenceville	  	NJ	  	Bank of America	  	 	354006850298	  
	 Party City Corporation
	  	Store	  	713	  	Hamilton	  	NJ	  	Bank of America	  	 	354006850308	  
	 Party City Corporation
	  	Store	  	714	  	Moorestown	  	NJ	  	Wells Fargo	  	 	2000057672104	  
	 Party City Corporation
	  	Store	  	715	  	Millville	  	NJ	  	Bank of America	  	 	354006850311	  
	 Party City Corporation
	  	Store	  	716	  	Turnersville	  	NJ	  	Wells Fargo	  	 	2000057672117	  
	 Party City Corporation
	  	Store	  	717	  	Voorhees	  	NJ	  	Wells Fargo	  	 	2000057672120	  
	 Party City Corporation
	  	Store	  	718	  	Yonkers	  	NY	  	Bank of America	  	 	354008060620	  
	 Party City Corporation
	  	Store	  	727	  	Bethlehem	  	PA	  	Bank of America	  	 	354006850324	  
	 Party City Corporation
	  	Store	  	728	  	Whitehall	  	PA	  	Bank of America	  	 	354006850337	  
	 Party City Corporation
	  	Store	  	734	  	Hackettstown	  	NJ	  	Wells Fargo	  	 	4945563203	  
	 Party City Corporation
	  	Store	  	735	  	Pittsburgh	  	PA	  	Citizens Bank	  	 	6232128161	  
	 Party City Corporation
	  	Store	  	736	  	Garden Grove	  	CA	  	Bank of America	  	 	355003454997	  
	 Party City Corporation
	  	Store	  	737	  	Atlanta	  	GA	  	Wells Fargo	  	 	4945579696	  
	 Party City Corporation
	  	Store	  	738	  	Lanham	  	MD	  	Wells Fargo	  	 	4948921432	  
	 Party City Corporation
	  	Store	  	739	  	Burleson	  	TX	  	Wells Fargo	  	 	4945530681	  
	 Party City Corporation
	  	Store	  	740	  	Hiram	  	GA	  	Wells Fargo	  	 	4948919345	  
	 Party City Corporation
	  	Store	  	743	  	Palmdale	  	CA	  	Wells Fargo	  	 	2000057679204	  
	 Party City Corporation
	  	Store	  	745	  	Paramus	  	NJ	  	TD Bank	  	 	4257654511	  
	 Party City Corporation
	  	Store	  	746	  	Paramus	  	NJ	  	Bank of America	  	 	354008063423	  
	 Party City Corporation
	  	Store	  	747	  	Bridgewater	  	NJ	  	Bank of America	  	 	354008063436	  
	 Party City Corporation
	  	Store	  	748	  	Edgewater	  	NJ	  	Bank of America	  	 	354008063449	  
	 Party City Corporation
	  	Store	  	749	  	Huntington Beach	  	CA	  	Bank of America	  	 	354008061878	  
	 Party City Corporation
	  	Store	  	750	  	Riverside	  	CA	  	Bank of America	  	 	354008061881	  
	 Party City Corporation
	  	Store	  	751	  	Laguna Niguel	  	CA	  	Bank of America	  	 	354008061894	  
	 Party City Corporation
	  	Store	  	752	  	Reseda	  	CA	  	Wells Fargo	  	 	4945563195	  
	 Party City Corporation
	  	Store	  	753	  	Williamsport	  	PA	  	Sovereign	  	 	7581042731	  
	 Party City Corporation
	  	Store	  	754	  	League City	  	TX	  	Chase	  	 	883023376	  
	 Party City Corporation
	  	Store	  	755	  	Houston	  	TX	  	Wells Fargo	  	 	4945563229	  
	 Party City Corporation
	  	Store	  	757	  	Richmond	  	TX	  	Wells Fargo	  	 	4946818093	  
	 Party City Corporation
	  	Store	  	758	  	Houston	  	TX	  	Chase	  	 	883023533	  
	 Party City Corporation
	  	Store	  	759	  	Beaumont	  	TX	  	Chase	  	 	883023541	  
	 Party City Corporation
	  	Store	  	760	  	Indio	  	CA	  	Bank of America	  	 	355003914220	  
	 Party City Corporation
	  	Store	  	761	  	Webster	  	TX	  	Chase	  	 	883023558	  
	 Party City Corporation
	  	Store	  	763	  	West Des Moines	  	IA	  	Wells Fargo	  	 	4945542041	  
	 Party City Corporation
	  	Store	  	786	  	Houston	  	TX	  	Chase	  	 	883023566	  
	 Party City Corporation
	  	Store	  	790	  	Chillicothe	  	OH	  	Fifth Third	  	 	7026915459	  
	 Party City Corporation
	  	Store	  	807	  	Pearland	  	TX	  	Wells Fargo	  	 	4947103263	  
	 Party City Corporation
	  	Store	  	808	  	Houston	  	TX	  	Bank of America	  	 	354006846778	  
	 Party City Corporation
	  	Store	  	809	  	Woodland	  	CA	  	Wells Fargo	  	 	4945637064	  
	 Party City Corporation
	  	Store	  	810	  	Cupertino	  	CA	  	Bank of America	  	 	354010125139	  
	 Party City Corporation
	  	Store	  	811	  	Edinburg	  	TX	  	Wells Fargo	  			

  
 E-8

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	813	  	Columbus	  	IN	  	Fifth Third	  	 	7026916580	  
	 Party City Corporation
	  	Store	  	814	  	Corpus Christi	  	TX	  	Wells Fargo	  			
	 Party City Corporation
	  	Store	  	816	  	Monroeville	  	PA	  	PNC	  			
	 Party City Corporation
	  	Store	  	817	  	Mokena	  	IL	  	Chase	  	 	457276330	  
	 Party City Corporation
	  	Store	  	820	  	Crestwood	  	IL	  	Chase	  			
	 Party City Corporation
	  	Store	  	821	  	New York	  	NY	  	Chase	  	 	454046595	  
	 Party City Corporation
	  	Store	  	822	  	Valparaiso	  	IN	  	Chase	  	 	454048047	  
	 Party City Corporation
	  	Store	  	823	  	Rome	  	GA	  	SunTrust Bank	  	 	1000152073739	  
	 Party City Corporation
	  	Store	  	827	  	Stafford	  	VA	  	Bank of America	  	 	354010125731	  
	 Party City Corporation
	  	Store	  	829	  	McDonough	  	GA	  	Wells Fargo	  			
	 Party City Corporation
	  	Store	  	838	  	Fenton	  	MO	  	US Bank	  	 	153910812582	  
	 Party City Corporation
	  	Store	  	839	  	Ellisville	  	MO	  	Fifth Third	  	 	7026922836	  
	 Party City Corporation
	  	Store	  	840	  	Nanuet	  	NY	  	SunTrust Bank	  	 	1000152073473	  
	 Party City Corporation
	  	Store	  	841	  	Knoxville	  	TN	  	SunTrust Bank	  	 	1000152073523	  
	 Party City Corporation
	  	Store	  	842	  	Knoxville	  	TN	  	SunTrust Bank	  	 	1000152074026	  
	 Party City Corporation
	  	Store	  	846	  	Nanuet	  	NY	  	Chase	  	 	472240550	  
	 Party City Corporation
	  	Store	  	1065	  	Centennial	  	CO	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1072	  	Northglenn	  	CO	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1101	  	Santa Rosa	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1103	  	Olathe	  	KS	  	Bank of America	  	 	1499209979	  
	 Party City Corporation
	  	Store	  	1107	  	Kansas City	  	MO	  	Bank of America	  	 	1499210000	  
	 Party City Corporation
	  	Store	  	1109	  	Independence	  	MO	  	Bank of America	  	 	1499020487	  
	 PA Acquisition Corp.
	  	Store	  	1115	  	Lees Summit	  	MO	  	Bank of America	  	 	1499510211	  
	 Party City Corporation
	  	Store	  	1119	  	Kansas City	  	MO	  	Bank of America	  	 	1499210062	  
	 Party City Corporation
	  	Store	  	1120	  	Salina	  	KS	  	Bank of America	  	 	1499210067	  
	 Party City Corporation
	  	Store	  	1121	  	Kansas City	  	MO	  	Bank of America	  	 	1499219713	  
	 Party City Corporation
	  	Store	  	1161	  	Tulsa	  	OK	  	Bank of America	  	 	1499510259	  
	 Party City Corporation
	  	Store	  	1162	  	Tulsa	  	OK	  	Bank of America	  	 	1499210109	  
	 Party City Corporation
	  	Store	  	1203	  	Pleasant Hill	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1204	  	Vallejo	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1211	  	Redwood City	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1213	  	Union City	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1218	  	San Jose	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1219	  	Fremont	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1301	  	Roseville	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1304	  	Elk Grove	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1305	  	Folsom	  	CA	  	Bank of America	  	 	1499219855	  
	 Party City Corporation
	  	Store	  	1401	  	Lancaster	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1504	  	Burbank	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1505	  	Los Angeles	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1506	  	Torrance	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1508	  	Corona	  	CA	  	Wells Fargo	  	 	4944659739	  
	 Party City Corporation
	  	Store	  	1509	  	Upland	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1510	  	Redlands	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1512	  	Fullerton	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1513	  	Ontario	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1514	  	Mission Viejo	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1515	  	Simi Valley	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1516	  	Oxnard	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1517	  	Santa Clarita	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1519	  	Victorville	  	CA	  	Bank of America	  	 	1499219751	  

  
 E-9

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	1520	  	Orange	  	CA	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	1521	  	Downey	  	CA	  	Wells Fargo	  	 	4944705110	  
	 Party City Corporation
	  	Store	  	3201	  	Westminster	  	CO	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	3202	  	Lakewood	  	CO	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	3203	  	Denver	  	CO	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	3206	  	Aurora	  	CO	  	Wells Fargo	  	 	4944490473	  
	 Party City Corporation
	  	Store	  	3301	  	Colorado Springs	  	CO	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	4000	  	Muskegon	  	MI	  	Fifth Third	  	 	7164491776	  
	 Party City Corporation
	  	Store	  	4002	  	Appleton	  	WI	  	Chase	  	 	630885564	  
	 Party City Corporation
	  	Store	  	4005	  	Onalaska	  	WI	  	Wells Fargo	  	 	4311782528	  
	 Party City Corporation
	  	Store	  	4102	  	Flint	  	MI	  	Fifth Third	  	 	7164492030	  
	 Party City Corporation
	  	Store	  	4104	  	Walker	  	MI	  	Comerica	  	 	1851847721	  
	 Party City Corporation
	  	Store	  	4107	  	Grand Rapids	  	MI	  	Comerica	  	 	1851847721	  
	 Party City Corporation
	  	Store	  	4109	  	Portage	  	MI	  	Comerica	  	 	1851847721	  
	 Party City Corporation
	  	Store	  	4110	  	Madison Heights	  	MI	  	Comerica	  	 	1851847721	  
	 Party City Corporation
	  	Store	  	4111	  	Ann Arbor	  	MI	  	Comerica	  	 	1851847721	  
	 Party City Corporation
	  	Store	  	4112	  	Flint	  	MI	  	Fifth Third	  	 	7164492048	  
	 Party City Corporation
	  	Store	  	4113	  	Lansing	  	MI	  	Comerica	  	 	1851847721	  
	 Party City Corporation
	  	Store	  	4117	  	Taylor	  	MI	  	Comerica	  	 	1851847721	  
	 Party City Corporation
	  	Store	  	4124	  	Novi	  	MI	  	Bank of America	  	 	8188095110	  
	 Party City Corporation
	  	Store	  	4133	  	Brighton	  	MI	  	Comerica	  	 	1851847721	  
	 Party City Corporation
	  	Store	  	4134	  	Orion Township	  	MI	  	Comerica	  	 	1851847721	  
	 Party City Corporation
	  	Store	  	4135	  	Holland	  	MI	  	Fifth Third	  	 	7164491768	  
	 Party City Corporation
	  	Store	  	4138	  	Holland	  	OH	  	Fifth Third	  	 	7164491669	  
	 Party City Corporation
	  	Store	  	4139	  	Huber Heights	  	OH	  	Fifth Third	  	 	7164491677	  
	 Party City Corporation
	  	Store	  	4140	  	W Carrollton	  	OH	  	Fifth Third	  	 	7164491685	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5102	  	Villa Park	  	IL	  	Bank of America	  	 	291002689995	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5105	  	Bloomingdale	  	IL	  	Fifth Third	  	 	7026366307	  
	 Party City Corporation
	  	Store	  	5113	  	Joliet	  	IL	  	Chase	  	 	454001392	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5115	  	Bloomington	  	IL	  	US Bank	  	 	190931956	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5117	  	Chicago	  	IL	  	US Bank	  	 	190931550	  
	 Party City Corporation
	  	Store	  	5119	  	Countryside	  	IL	  	Fifth Third	  	 	7026366075	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5134	  	Madison	  	WI	  	US Bank	  	 	199480559	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5135	  	Mishawaka	  	IN	  	Wells Fargo	  	 	85851106	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5136	  	Brown Deer	  	WI	  	US Bank	  	 	199480567	  
	 Party City Corporation
	  	Store	  	5137	  	Naperville	  	IL	  	US Bank	  	 	190931618	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5139	  	Moline	  	IL	  	Wells Fargo	  	 	4122283849	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5140	  	Brookfield	  	WI	  	US Bank	  	 	199480575	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5141	  	West Allis	  	WI	  	US Bank	  	 	199480955	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5143	  	Orland Park	  	IL	  	Fifth Third Bank	  	 	7026366133	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5147	  	Speedway	  	IN	  	Fifth Third	  	 	7650278547	  
	 Party City Corporation
	  	Store	  	5148	  	Greenwood	  	IN	  	Fifth Third	  	 	7026366190	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5149	  	Indianapolis	  	IN	  	Fifth Third	  	 	7026366422	  
	 Party City Corporation
	  	Store	  	5150	  	Fort Wayne	  	IN	  	Chase	  	 	715001241226	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5151	  	Marion	  	IA	  	Farmers State Bank	  	 	781468	  
	 Party City Corporation
	  	Store	  	5154	  	Racine	  	WI	  	US Bank	  	 	199480583	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5155	  	Louisville	  	KY	  	US Bank	  	 	576767743	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5156	  	Des Moines	  	IA	  	US Bank	  	 	153910007191	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5157	  	Omaha	  	NE	  	US Bank	  	 	153910007514	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5159	  	Cincinnati	  	OH	  	US Bank	  	 	199411778	  
	 Party City Corporation
	  	Store	  	5162	  	Fairview Heights	  	IL	  	US Bank	  	 	4349290637	  

  
 E-10

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Party City Corporation
	  	Store	  	5163	  	Saint Louis	  	MO	  	US Bank	  	 	4349290645	  
	 Party City Corporation
	  	Store	  	5168	  	Cincinnati	  	OH	  	US Bank	  	 	199411794	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5169	  	Eau Claire	  	WI	  	US Bank	  	 	199480922	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5171	  	Hanover Park	  	IL	  	Chase	  	 	453861432	  
	 Party City Corporation
	  	Store	  	5174	  	Kenosha	  	WI	  	US Bank	  	 	199480617	  
	 Party City Corporation
	  	Store	  	5175	  	Mentor	  	OH	  	US Bank	  	 	199411810	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5177	  	North Olmsted	  	OH	  	US Bank	  	 	199411828	  
	 Party City Corporation
	  	Store	  	5178	  	Clarksville	  	IN	  	Fifth Third	  	 	7026366489	  
	 Party City Corporation
	  	Store	  	5179	  	Florence	  	KY	  	US Bank	  	 	199411836	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5180	  	Louisville	  	KY	  	BB & T	  	 	5280381812	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5181	  	Matteson	  	IL	  	Harris Bank	  	 	8410543868	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5182	  	Oshkosh	  	WI	  	US Bank	  	 	199480625	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5184	  	Madison	  	WI	  	US Bank	  	 	199480633	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5185	  	Bloomington	  	IN	  	German American Bank	  	 	6350616601	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5187	  	Grand Island	  	NE	  	US Bank	  	 	153910007209	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5189	  	Lincoln	  	NE	  	US Bank	  	 	153910007530	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5190	  	Champaign	  	IL	  	Regions Bank	  	 	7880052477	  
	 Party City Corporation
	  	Store	  	5191	  	Waterloo	  	IA	  	US Bank	  	 	190931642	  
	 Party City Corporation
	  	Store	  	5193	  	Columbus	  	OH	  	US Bank	  	 	576767958	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5194	  	Omaha	  	NE	  	US Bank	  	 	153910007217	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5197	  	Bourbonnais	  	IL	  	PNC	  	 	4614457775	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5198	  	Lafayette	  	IN	  	Chase	  	 	840701684	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5199	  	Highland	  	IN	  	First Midwest Bank	  	 	7689424	  
	 Party City Corporation
	  	Store	  	5202	  	Saint Peters	  	MO	  	US Bank	  	 	4349290678	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5203	  	Davenport	  	IA	  	Wells Fargo	  	 	1608556591	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5204	  	Owensboro	  	KY	  	US Bank	  	 	199411844	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5205	  	Cape Girardeau	  	MO	  	US Bank	  	 	4349290686	  
	 Party City Corporation
	  	Store	  	5207	  	Melrose Park	  	IL	  	US Bank	  	 	190931998	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5208	  	Hixson	  	TN	  	Union Planters Bank	  	 	4200683485	  
	 Party City Corporation
	  	Store	  	5209	  	Springfield	  	IL	  	US Bank	  	 	190931972	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5210	  	Vernon Hills	  	IL	  	US Bank	  	 	190931675	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5213	  	Saint Clairsville	  	OH	  	The Citizens Bank	  	 	3066865	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5216	  	Chattanooga	  	TN	  	Regions Bank	  	 	7601000438	  
	 Party City Corporation
	  	Store	  	5217	  	Middleburg Heights	  	OH	  	Fifth Third	  	 	7026910898	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5218	  	State College	  	PA	  	Omega Bank	  	 	10702172	  
	 Party City Corporation
	  	Store	  	5219	  	DeKalb	  	IL	  	Fifth Third	  	 	7026366547	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5220	  	Colonial Heights	  	VA	  	Bank of America	  	 	355002537213	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5224	  	Irondequoit	  	NY	  	HSBC	  	 	560832656	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5225	  	Dubuque	  	IA	  	US Bank	  	 	190931683	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5226	  	Richmond	  	IN	  	Old National Bank	  	 	108459553	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5227	  	Anderson	  	IN	  	Key Bank	  	 	149061000217	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5228	  	Wooster	  	OH	  	PNC	  	 	4600166926	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5229	  	Peoria	  	IL	  	Chase	  	 	616268793	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5231	  	Columbia	  	MO	  	US Bank	  	 	4349290694	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5234	  	Benton Harbor	  	MI	  	Fifth Third	  	 	7026366018	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5236	  	Brentwood	  	TN	  	US Bank	  	 	576768006	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5237	  	Port Orange	  	FL	  	Bank of America	  	 	3660380180	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5242	  	Latham	  	NY	  	Citizens Bank	  	 	4002242799	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5245	  	Ormond Beach	  	FL	  	Bank of America	  	 	4525042577	  

  
 E-11

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Factory Card & Party Outlet Corp.
	  	Store	  	5246	  	Lockport	  	NY	  	Charter One Bank	  	 	4518299549	  
	 Party City Corporation
	  	Store	  	5249	  	Tampa	  	FL	  	Fifth Third	  	 	7026366661	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5250	  	Niagara Falls	  	NY	  	Charter One Bank	  	 	4518299530	  
	 Party City Corporation
	  	Store	  	5256	  	Hoffman Estates	  	IL	  	Fifth Third	  	 	7026366257	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5258	  	Syracuse	  	NY	  	Key Bank	  	 	149681013392	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5259	  	Green Bay	  	WI	  	US Bank	  	 	199480658	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5260	  	Joplin	  	MO	  	US Bank	  	 	4349290702	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5261	  	Rochester	  	NY	  	Citizens Bank	  	 	4001401222	  
	 Party City Corporation
	  	Store	  	5266	  	Niles	  	IL	  	US Bank	  	 	190931691	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5268	  	Dickson City	  	PA	  	PNC	  	 	4247663437	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5270	  	Wilkes Barre	  	PA	  	M&T Bank	  	 	9837430660	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5273	  	North Canton	  	OH	  	Key Bank	  	 	354341000942	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5274	  	Clarksburg	  	WV	  	United National Bank	  	 	43102083	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5275	  	Dayton	  	OH	  	Huntington National Bank	  	 	01459708648	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5276	  	Muncie	  	IN	  	Star Financial	  	 	41003606	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5279	  	Columbus	  	OH	  	Huntington National Bank	  	 	01400671481	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5280	  	Newport News	  	VA	  	SunTrust Bank	  	 	204139422	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5281	  	Louisville	  	KY	  	Fifth Third	  	 	7026366729	  
	 Party City Corporation
	  	Store	  	5283	  	Gurnee	  	IL	  	Chase	  	 	899513824	  
	 Party City Corporation
	  	Store	  	5285	  	Bradenton	  	FL	  	Fifth Third	  	 	7026366786	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5286	  	Michigan City	  	IN	  	Fifth Third	  	 	7026366844	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5287	  	Heath	  	OH	  	Park National Bank	  	 	188656	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5288	  	Winston Salem	  	NC	  	Bank of America	  	 	650596171	  
	 Party City Corporation
	  	Store	  	5289	  	Lakeland	  	FL	  	Bank of America	  	 	3661206509	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5290	  	Cape Coral	  	FL	  	Wells Fargo/Wachovia	  	 	2000670103775	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5291	  	Cookeville	  	TN	  	US Bank	  	 	199411877	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5293	  	Cincinnati	  	OH	  	US Bank	  	 	199411885	  
	 Party City Corporation
	  	Store	  	5295	  	Geneva	  	IL	  	Fifth Third	  	 	7026366901	  
	 Party City Corporation
	  	Store	  	5298	  	Lancaster	  	OH	  	Fifth Third	  	 	7026366968	  
	 Party City Corporation
	  	Store	  	5306	  	Westminster	  	MD	  	Wells Fargo	  	 	2000035858160	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5317	  	Noblesville	  	IN	  	Fifth Third	  	 	7026367024	  
	 Party City Corporation
	  	Store	  	5318	  	Algonquin	  	IL	  	Fifth Third	  	 	7026366778	  
	 Party City Corporation
	  	Store	  	5320	  	Plainfield	  	IL	  	Bank of America	  	 	291013767767	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5321	  	Avon	  	IN	  	Huntington National Bank	  	 	01400660023	  
	 Party City Corporation
	  	Store	  	5322	  	Chesterfield	  	MO	  	US Bank	  	 	153910152211	  
	 Party City Corporation
	  	Store	  	5323	  	Saint Charles	  	IL	  	PNC	  	 	4612602844	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5324	  	Bowie	  	MD	  	Bank of America	  	 	3786853141	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5326	  	Kokomo	  	IN	  	Regions Bank	  	 	5000302074	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5327	  	Mundelein	  	IL	  	Fifth Third	  	 	7232233960	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5329	  	Ankeny	  	IA	  	Wells Fargo	  	 	2220536193	  
	 Party City Corporation
	  	Store	  	5330	  	O Fallon	  	MO	  	US Bank	  	 	153910220554	  
	 Party City Corporation
	  	Store	  	5331	  	Crystal Lake	  	IL	  	US Bank	  	 	190931568	  
	 Party City Corporation
	  	Store	  	5332	  	Sanford	  	FL	  	Fifth Third	  	 	7026367149	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5334	  	Sioux City	  	IA	  	US Bank	  	 	153910237590	  
	 Party City Corporation
	  	Store	  	5336	  	Skokie	  	IL	  	Fifth Third	  	 	7026366315	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5337	  	Greenfield	  	WI	  	US Bank	  	 	153910240834	  
	 Party City Corporation
	  	Store	  	5338	  	Solon	  	OH	  	Liberty Bank	  	 	21701466	  

  
 E-12

															
	 Entity
	  	 Type of
Account
	  	 Location
	  	Store Location City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Factory Card & Party Outlet Corp.
	  	Store	  	5340	  	Hamilton	  	OH	  	Fifth Third	  	 	7020699521	  
	 Party City Corporation
	  	Store	  	5341	  	Homewood	  	IL	  	Charter One Bank	  	 	4500116787	  
	 Party City Corporation
	  	Store	  	5342	  	Aurora	  	IL	  	Fifth Third	  	 	7026366372	  
	 Party City Corporation
	  	Store	  	5343	  	Shorewood	  	IL	  	Fifth Third	  	 	7026366430	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5344	  	Omaha	  	NE	  	Security National Bank	  	 	10026983	  
	 Party City Corporation
	  	Store	  	5345	  	Chicago	  	IL	  	Fifth Third	  	 	7233998454	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5346	  	Louisville	  	KY	  	US Bank	  	 	1539106235000	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5503	  	Cockeysville	  	MD	  	Bank of America	  	 	354006850117	  
	 Party City Corporation
	  	Store	  	5507	  	Glen Burnie	  	MD	  	Bank of America	  	 	2003423670	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5513	  	Waldorf	  	MD	  	Bank of America	  	 	3933625449	  
	 Party City Corporation
	  	Store	  	5518	  	Bel Air	  	MD	  	Bank of America	  	 	3933363950	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5520	  	Annapolis	  	MD	  	Bank of America	  	 	3782815057	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5522	  	Lynchburg	  	VA	  	Wells Fargo/Wachovia	  	 	2079010854330	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5523	  	North
Charleston	  	SC	  	Wells Fargo	  	 	4122283831	  
	 Factory Card & Party Outlet Corp.
	  	Store	  	5524	  	Salisbury	  	MD	  	Bank of Delmar	  	 	1209337	  
	 Party America Franchising, Inc.
	  	Store	  	9839	  	Burlington	  	NC	  	SunTrust Bank	  	 	1000033548727	  
	 Party America Franchising, Inc.
	  	Store	  	9841	  	New Braunfels	  	TX	  	Wells Fargo	  	 	4944489327	  
	 Party America Franchising, Inc.
	  	Store	  	9864	  	La Marque	  	TX	  	Regions Bank	  	 	8515051487	  
	 Party America Franchising, Inc.
	  	Store	  	9917	  	Gettysburg	  	PA	  	PNC	  	 	51-1188-0525	  
	 Party America Franchising, Inc.
	  	Store	  	9939	  	Tuscola	  	IL	  	Tuscola National Bank	  	 	062928	  
	 Party America Franchising, Inc.
	  	Store	  	9946	  	Pasco	  	WA	  	US Bank	  	 	153557536304	  
	 Party America Franchising, Inc.
	  	Store	  	9957	  	Centralia	  	WA	  	Wells Fargo	  	 	4944489491	  
	 Party America Franchising, Inc.
	  	Store	  	9969	  	Dalton	  	GA	  	Bank of America	  	 	1499126078	  
	 Amscan Holdings, Inc.
	  	Cash	  	Corp	  	Atlanta	  	GA	  	Bank of America	  	 	4426206866	  
	 Amscan Inc.
	  	Corp	  	Cash – Chester 2	  	Atlanta	  	GA	  	Bank of America	  	 	13558721	  
	 Amscan Inc.
	  	Corp	  	Cash – BOA
Disbursements	  	Atlanta	  	GA	  	Bank of America	  	 	3299042475	  
	 Amscan Inc.
	  	Corp	  	Cash – BOA
Receipts	  	Atlanta	  	GA	  	Bank of America	  	 	4426207027	  
	 Amscan Inc.
	  	Corp	  	Cash – BOA
Payroll	  	Atlanta	  	GA	  	Bank of America	  	 	3299042483	  
	 Amscan Inc.
	  	Corp	  	Cash – BOA
Master Concentration	  	Atlanta	  	GA	  	Bank of America	  	 	4426206879	  
	 Amscan Inc.
	  	Corp	  	Cash – Harris
Lockbox	  	Lockbox	  		  	Harris N.A.	  	 	160-675-5	  
	 Anagram International Inc.
	  	Corp	  	Checking
(includes
Lockbox)
ZBA	  	Chicago	  	IL	  	Bank of America	  	 	4426208408	  
	 Anagram International Inc.
	  	Corp	  	Controlled
Disbursements
ZBA	  	Atlanta	  	GA	  	Bank of America	  	 	3299042566	  
	 Anagram International Inc.
	  	Corp	  	Local Petty Cash
Checking	  	Minneapolis	  	MN	  	US Bank	  	 	1-602-3203-5966	  
	 Anagram International Inc.
	  	Corp	  	Employee
Flex Spending	  	Minneapolis	  	MN	  	US Bank	  	 	1-702-1131-7228	  
	 Amscan Inc.
	  	Corp	  	Receipts ZBA	  	Atlanta	  	GA	  	Bank of America	  	 	4426207027	  
	 Amscan Inc.
	  	Corp	  	Disbursements ZBA	  	Atlanta	  	GA	  	Bank of America	  	 	3299042491	  

  
 E-13

															
	 Entity
	  	 Type of
Account
	  	Location	  	Store
Location
City	  	Store
Location
State	  	 Bank
	  	Account #	 
	 Amscan Inc.
	  	Corp	  	Lockbox	  	Boston	  	MA	  	Bank of America	  	 	4426206895	  
	 Amscan Inc.
	  	Corp	  	ZBA-A/P	  	Atlanta	  	GA	  	Bank of America	  	 	3299042509	  
	 Amscan Inc.
	  	Corp	  	Checking	  	Louisville	  	KY	  	PNC Bank	  	 	30-0041-2017	  
	 Trisar, Inc.
	  	Corp	  	ZBA, Blocked	  	Atlanta	  	GA	  	Bank of America	  	 	3299042525	  
	 Trisar, Inc.
	  	Corp	  	Operating	  	Santa Ana	  	CA	  	Wells Fargo	  	 	864012125	  
	 Trisar, Inc.
	  	Corp	  	Payroll	  		  		  	Wells Fargo	  	 	6604922465	  
	 Am-Source LLC
	  	Corp	  	Lockbox
414242	  	Boston	  	MA	  	Bank of America	  	 	4426206921	  
	 Am-Source LLC
	  	Corp	  	Disbursement
Account	  	Atlanta	  	GA	  	Bank of America	  	 	3299042541	  

  
 E-14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}]]