Document:

EX-10.22

 Exhibit 10.22 

Party City Holdco Inc. 

Amended and Restated 2012 Omnibus Equity Incentive Plan 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(NON-EMPLOYEE DIRECTORS) 

THIS AGREEMENT (this “Award Agreement”), is made effective as of [●] (the “Date of Grant”), by and
between Party City Holdco Inc., a Delaware corporation (the “Company”), and [●] (the “Participant”). Capitalized terms not otherwise defined herein shall have the meanings set forth in the Party City Holdco
Inc. Amended and Restated 2012 Omnibus Equity Incentive Plan (as amended from time to time, the “Plan”). 
 R
E C I T A L S: 
 WHEREAS, the Committee has determined that it would be in the best
interests of the Company and its stockholders to grant the Award provided for herein to the Participant pursuant to the Plan and the terms set forth herein. 

NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 

1.    Grant of the Award. The Company hereby grants to the Participant an Award of [●] restricted stock units
(the “RSUs”). Each RSU represents the conditional right to receive one Share, subject to the terms and conditions set forth in the Plan and this Award Agreement, and subject to adjustment as set forth in the Plan. 

2.    Vesting. To the extent not earlier terminated or forfeited, the RSUs shall vest in full on the first to occur
of (a) the first anniversary of the Date of Grant, (b) the termination of the Participant’s Service as a result of his or her death or (c) a Change of Control, subject, in each case, to the Participant’s continued Service
through the applicable date (such applicable date, the “Vesting Date”). 
 3.    Termination of
Service. Subject to Section 2(b) above, if the Participant’s Service ceases for any reason, the RSUs, to the extent not then vested, will be automatically and immediately forfeited without consideration. 

4.    Delivery of Shares; Company Policies. Not later than thirty (30) days following the Vesting Date, the
Company shall effect delivery of the Shares with respect to such vested RSUs to the Participant. The Participant’s sales or other dispositions of Shares acquired upon settlement of the RSUs shall be subject to applicable restrictions under
Company policies applicable to the Participant, including those covering insider trading, as in effect from time to time. 

5.    Certain Tax Matters. The Participant expressly acknowledges and agrees that he or she shall be responsible
for satisfying and paying all taxes arising from or due in connection with the grant, vesting, settlement and holding of the RSUs. The Company and its Subsidiaries shall have no liability or obligation relating to the foregoing. 

6.    Dividends. The RSUs shall have no rights with respect to dividends declared by the Company with respect to
its capital stock, provided that the foregoing shall not prohibit or otherwise limit the adjustment of the terms of this Award Agreement in accordance with the terms of the Plan. 

 7.    Transferability. Unless otherwise determined by the Committee,
the Participant shall not be permitted to transfer or assign the RSUs except in the event of death and in accordance with Section 14.6 of the Plan. 

8.    RSUs Subject to Plan. By entering into this Award Agreement the Participant agrees and acknowledges that the
Participant has received and read a copy of the Plan. The RSUs are subject to the terms and conditions of the Plan. In the event of a conflict between any term hereof and a term of the Plan, the applicable term of the Plan shall govern and prevail.

 9.    Adjustment of RSUs. Adjustments to the RSUs (or any Shares underlying the RSUs), may be made in
accordance with the terms of the Plan. 
 10.    Choice of Law. This Award Agreement, and all claims or causes of
action or other matters that may be based upon, arise out of or relate to this Award Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, excluding any conflict or choice-of-law rule or principle that might otherwise refer construction or interpretation thereof to the substantive laws of another jurisdiction. 

11.    Consent to Jurisdiction. The Company and the Participant, by his or her execution hereof, (a) hereby
irrevocably submit to the exclusive jurisdiction of the state and federal courts in the State of Delaware for the purposes of any claim or action arising out of or based upon this Award Agreement or relating to the subject matter hereof,
(b) hereby waive, to the extent not prohibited by applicable law, and agree not to assert by way of motion, as a defense or otherwise, in any such claim or action, any claim that it, he or she is not subject personally to the jurisdiction of
the above-named courts, that its, his or her property is exempt or immune from attachment or execution, that any such proceeding brought in the above-named court is improper or that this Award Agreement or the subject matter hereof may not be
enforced in or by such court and (c) hereby agree not to commence any claim or action arising out of or based upon this Award Agreement or relating to the subject matter hereof other than before the above-named courts nor to make any motion or
take any other action seeking or intending to cause the transfer or removal of any such claim or action to any court other than the above-named courts whether on the grounds of inconvenient forum or otherwise; provided, however, that
the Company and the Participant may seek to enforce a judgment issued by the above-named courts in any proper jurisdiction. The Company and the Participant hereby consent to service of process in any such proceeding, and agree that service of
process by registered or certified mail, return receipt requested, at its, his or her address specified pursuant to Section 14 is reasonably calculated to give actual notice. 

12.    WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTY
HERETO HEREBY WAIVES AND COVENANTS THAT HE, SHE OR IT SHALL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT OR
OTHERWISE), INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AWARD AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED 

  
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OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTY HERETO
THAT THIS SECTION 12 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND SHALL RELY IN ENTERING INTO THIS AWARD AGREEMENT. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 12 WITH ANY COURT AS
WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 
 13.    Compliance
with Securities Laws. Shares shall not be issued pursuant to this Award Agreement unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including, without limitation, the Securities
Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The
Company shall not be obligated to file any registration statement under any applicable securities laws to permit the purchase or issuance of any Shares, and accordingly any certificates for Shares may have an appropriate legend or statement of
applicable restrictions endorsed thereon. If the Company deems it necessary to ensure that the issuance of Shares under this Award Agreement is not required to be registered under any applicable securities laws, the Participant shall deliver to the
Company an agreement containing such representations, warranties and covenants as the Company may reasonably require. 

14.    Notices. Any notice or other communication provided for herein or given hereunder to a party hereto must be
in writing, and shall be deemed to have been given (a) when personally delivered or delivered by facsimile transmission with confirmation of delivery, (b) one (1) business day after deposit with Federal Express or similar overnight courier
service, or (c) three (3) business days after being mailed by first class mail, return receipt requested. A notice shall be addressed to the Company at its principal executive office, attention Chief Executive Officer, and to the Participant at
the address that he or she most recently provided to the Company. 
 15.    No Right to Continued Service. The
granting of the RSUs shall impose no obligation on the Company, any Subsidiary or the Board to continue the Service of the Participant and shall not lessen or affect any right that the Company, any Subsidiary or the Board may have to terminate the
Service of the Participant. 
 16.    Entire Agreement. This Award Agreement and the Plan constitute the entire
agreement and understanding among the parties hereto in respect of the subject matter hereof and supersede all prior and contemporaneous arrangements, agreements and understandings, whether oral or written and whether express or implied, and whether
in term sheets, appendices, exhibits, presentations or otherwise, among the parties hereto, or between any of them, with respect to the subject matter hereof; provided, that, the Participant shall continue to be bound by any other
confidentiality, non-competition, non-solicitation and other similar restrictive covenants contained in any other agreements between the Participant and the Company, its
Affiliates and their respective predecessors to which the Participant is bound. 

  
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 17.    Amendment; Waiver. No amendment or modification of any term of
this Award Agreement shall be effective unless signed in writing by or on behalf of the Company and the Participant, and made in accordance with the terms of the Plan. No waiver of any breach or condition of this Award Agreement shall be deemed to
be a waiver of any other or subsequent breach or condition whether of like or different nature. 
 18.    Successors
and Assigns; No Third Party Beneficiaries. The provisions of this Award Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and upon the Participant and the Participant’s heirs,
successors, legal representatives and permitted assigns. Nothing in this Award Agreement, express or implied, is intended to confer on any person other than the Company and the Participant, and their respective heirs, successors, legal
representatives and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Award Agreement. 

19.    Signature in Counterparts. This Award Agreement may be signed in counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 20.    No
Guarantees Regarding Tax Treatment. The Participant (or his beneficiaries) shall be responsible for all taxes with respect to the RSUs. The Committee and the Company make no guarantees regarding the tax treatment of the RSUs. Neither the
Committee nor the Company has any obligation to take any action to prevent the assessment of any tax under Sections 409A or 4999 of the Code or otherwise, and none of the Company, any Subsidiary or Affiliate, or any of their employees or
representatives shall have any liability to a Participant with respect thereto. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Award Agreement. 

 

			
	PARTY CITY HOLDCO INC.
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

  

	
	Agreed and acknowledged as of the date first above written:
	
	  

	[●]EX-10.1

 Exhibit 10.1 

THIS OMNIBUS AMENDMENT NO. 2 (this “Amendment”) dated as of March 13, 2018 is entered into by and among TAXI MEDALLION LOAN
TRUST III, a Delaware statutory trust (the “Borrower”), MEDALLION FUNDING LLC (successor by merger to Medallion Funding Corp.), a New York limited liability company (the “Transferor”), MEDALLION FINANCIAL CORP., a
Delaware corporation (“Parent”), MEDALLION CAPITAL, INC., a Minnesota corporation (“Medallion Capital”), FRESHSTART VENTURE CAPITAL CORP., a New York corporation (“Freshstart” and, together with the
Borrower, the Transferor, Parent and Medallion Capital, the “MF/Borrower Related Parties”), AUTOBAHN FUNDING COMPANY LLC, a Delaware limited liability company (the “Lender”), and DZ BANK AG
DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK, FRANKFURT AM MAIN, as agent (in such capacity, the “Agent”). 
 PRELIMINARY STATEMENTS

 A. Reference is made to (i) the Amended and Restated Loan and Security Agreement dated as of December 12, 2016 among the Borrower, the
Lender and the Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) and (ii) the Servicing Agreement dated as of December 12, 2008 by and among the Borrower, the Agent and the
Transferor, as Servicer (as amended, restated, supplemented or otherwise modified from time to time, the “Servicing Agreement” and together with the Loan Agreement, the “Agreements”). Capitalized terms used
and not otherwise defined herein shall have the meanings ascribed to them in the Loan Agreement. 
 B. The parties hereto have agreed to
amend the Agreements on the terms and conditions hereinafter set forth. 
 NOW, THEREFORE, in consideration of the premises set forth above,
and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

SECTION 1. Amendments to the Loan Agreement. Effective as of the Effective Date (as defined below), the Loan Agreement is hereby
amended as follows: 
 1.1 Clause (a) of the definition of “Financial Covenant Default” set forth in Section 1.01
of the Loan Agreement is hereby amended by replacing the figure “$58,000,000” with the figure “$40,000,000”. 

1.2 Clause (b) of the definition of “Financial Covenant Default” set forth in Section 1.01 of the Loan Agreement is
hereby amended and restated in its entirety to read as follows: 
 “the Medallion Funding Net Income for any fiscal year ending after
December 31, 2017 shall be equal to or less than zero.” 
 1.3 The defined term “Scheduled Termination Date”
set forth in Section 1.01 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: 

““Scheduled Termination Date” means December 15, 2018.” 

SECTION 2. Amendments to the Servicing Agreement. Effective as of the Effective Date (as defined below), the Servicing
Agreement is hereby amended as follows: 

 2.1 Clause (a) of the definition of “Servicer Financial Covenant
Default” set forth in Section 1.01 of the Servicing Agreement is hereby amended by replacing the figure “$58,000,000” with the figure “$40,000,000”. 

2.2 Clause (b) of the definition of “Servicer Financial Covenant Default” set forth in Section 1.01 of the Servicing
Agreement is hereby amended and restated in its entirety to read as follows: 
 “the Servicer Net Income for any fiscal year ending
after December 31, 2017 shall be equal to or less than zero.” 
 SECTION 3. Condition Precedent. This Amendment shall become
effective as of December 31, 2017 (the “Effective Date”) upon the Agent’s receipt of a copy of this Amendment duly executed by the Borrower, the Lender, the Agent, the Transferor and Parent. 

SECTION 4. Release. Each of the MF/Borrower Related Parties hereby acknowledges and confirms on its own behalf and on behalf of its
officers and directors, and its respective predecessors, successors, assigns, agents and other legal representatives, and any Person claiming by or through any of them (collectively, the “Releasors”), that (i) it does not have any
grounds, and hereby agrees not to challenge (or to allege or to pursue any matter, cause or claim arising under or with respect to), in any case based upon acts or omissions of the Lender, Agent or any other Indemnified Party occurring prior to the
date hereof or facts otherwise known to it as of the date hereof, the effectiveness, genuineness, validity, collectability or enforceability of the Loan Documents and (ii) it does not possess, and hereby unconditionally and forever waives, remises,
releases, discharges and holds harmless each Lender, Agent and any other Indemnified Party, and each of their respective affiliates, stockholders, directors, officers, employees, attorneys, agents, representatives, heirs, executors, administrators,
successors and assigns, each Person acting or purporting to act for them or on their behalf, and the successors and assigns of any such Persons (collectively, the “Designated Parties”), from and against, and agrees not to allege or
pursue, any action, cause of action, suit, debt, liability, loss, expense, claim, counterclaim, cross-claim, demand, defense, offset, opposition, demand and other right of action whatsoever, whether now known or unknown, past or present, asserted or
unasserted, contingent or liquidated, whether in law, equity or otherwise, which any of the Releasors ever had, now have, may have, or claim to have against any of the Designated Parties, by reason of any matter, cause or thing whatsoever, with
respect to events or omissions occurring or arising on or prior to the date hereof and relating to the Loan Documents, any transaction relating thereto, or any actions or omissions in connection therewith (collectively, the “Claims”). The
foregoing release shall be construed in the broadest sense possible. 
 The MF/Borrower Related Parties warrant and represent that they are
the sole and lawful owners of all right, title, and interest in and to every Claim being released hereby and they have not assigned, pledged, hypothecated, or otherwise divested or encumbered all or any part of any Claim being released hereby. The
MF/Borrower Related Parties hereby agree to indemnify, defend, and hold harmless any and all of the Releasees from and against any Claims asserted against any Releasee based on, or arising in connection with, any such prior assignment or transfer,
whether actual or purported. The MF/Borrower Related Parties hereby absolutely, unconditionally, and irrevocably agree never to commence, prosecute, cause to be commenced or prosecuted, voluntarily aid in any way, or foment any suit, action, or
other proceeding (at law, in equity, in any regulatory proceeding, or otherwise) or otherwise seek any recovery against any of the Releasees based on any of the Claims being released hereby. The MF/Borrower Related Parties hereby specifically
warrant, represent, acknowledge, and agree that: (a) none of the provisions of this general release shall be construed as or constitute an admission of any liability on the part of any Releasee; and (b) the provisions of this general release shall
constitute an absolute bar to any Claim of any kind, whether any such Claim is based on contract, tort, warranty, mistake, or any other theory, whether legal, statutory, or equitable. 

  
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 SECTION 5. Reference to and Effect on the Agreements. 

5.1 Upon the effectiveness of this Amendment, each reference in any Agreement to “this Agreement,” “hereunder,”
“hereof,” “herein,” “hereby” or words of like import shall mean and be a reference to such Agreement as amended hereby, and each reference to such Agreement in any other document, instrument and agreement executed
and/or delivered in connection with such Agreement shall mean and be a reference to such Agreement as amended hereby 
 5.2 Except as
specifically provided herein, each Agreement, the other Loan Documents and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed.

 5.3 Except as expressly set forth herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of
any right, power or remedy of any party under any Loan Document or any other document, instrument, or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein. 

SECTION 6. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
(INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). 

SECTION 7. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument. Delivery of an executed counterpart of this Amendment by
facsimile or electronic mail shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 8.
Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 

[Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective signatories thereunto duly authorized as of the date first written above. 
  

			
	TAXI MEDALLION LOAN TRUST III, as Borrower
		
	By	 	 /s/Andrew M. Murstein

	Name:	 	Andrew M. Murstein
	Title:	 	President

 Omnibus Amendment No. 2 

 
			
	MEDALLION FINANCIAL CORP.
		
	By	 	 /s/Andrew M. Murstein

	Name:	 	Andrew M. Murstein
	Title:	 	President
	
	MEDALLION CAPITAL, INC.
		
	 By
	 	 /s/ Anna Drouches

	Name:	 	 Anna Drouches

	Title:	 	 Vice President

	
	FRESHSTART VENTURE CAPITAL CORP.
		
	By	 	 /s/ Alvin Murstein

	Name:	 	Alvin Murstein
	Title:	 	Chairman & Chief Executive Officer

 Omnibus Amendment No. 2 

 
			
	 DZ BANK AG DEUTSCHE

ZENTRAL-GENOSSENSCHAFTSBANK,
FRANKFURT AM MAIN, as Agent

		
	By	 	 /s/ Franziska Hummel

	Name:	 	Franziska Hummel
	Title:	 	Senior Vice President
		
	By	 	 /s/Alexander Ploch

	Name:	 	Alexander Ploch
	Title:	 	Senior Vice President
	
	AUTOBAHN FUNDING COMPANY LLC, as the Lender
	
	 By: DZ BANK AG DEUTSCHE

ZENTRAL-GENOSSENSCHAFTSBANK,
 FRANKFURT AM MAIN, its
Attorney-in-Fact

		
	By	 	 /s/ Franziska Hummel

	Name:	 	Franziska Hummel
	Title:	 	Senior Vice President
		
	By	 	 /s/ Alexander Ploch

	Name:	 	Alexander Ploch
	Title:	 	Senior Vice President

 Omnibus Amendment No. 2 

 The undersigned hereby (i) acknowledges and agrees to the foregoing Amendment, (ii) reaffirms all of its
obligations under the Limited Recourse Guaranty and the other Loan Documents to which it is a party and (iii) acknowledges and agrees that the Limited Recourse Guaranty and such other Loan Documents remain in full force and effect. 

 

			
	MEDALLION FUNDING LLC
		
	By	 	 /s/ Alvin Murstein

	Name:	 	Alvin Murstein
	Title:	 	Chairman & Chief Executive Officer

 Omnibus Amendment No. 2

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