Document:

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                                                                   EXHIBIT 10.31

                               AMENDMENT NO. 4 TO
                      AMENDED AND RESTATED CREDIT AGREEMENT

      AMENDMENT ("Amendment No. 4") dated as of January 19, 2001 by and among
dELiA*s Group Inc., a Delaware corporation, formerly known as dELiA Inc.
("dELiA*s"), the Subsidiaries of dELiA*s set forth on Schedule 1 attached hereto
(collectively, the "Subsidiary Borrowers"), dELiA*s Corp., a Delaware
corporation, formerly known as iTurf, Inc. ("Parent"), its wholly owned
subsidiary, iTurf Finance Company ("iFC", and together with dELiA*s, the
Subsidiary Borrowers and Parent, each individually a "Borrower", and
collectively, "Borrowers") and Congress Financial Corporation, a Delaware
corporation ("Lender").

                               W I T N E S S E T H

      WHEREAS, Borrowers and Lender have entered into financing arrangements
pursuant to which Lender has made and may make loans and advances and provide
other financial accommodations to Borrowers as set forth in the Amended and
Restated Credit Agreement, dated April 28, 2000, by and among Lender and
Borrowers, as amended by Amendment No. 1 to Amended and Restated Credit
Agreement, dated as of July 31, 2000, by and among Borrowers and Lender,
Amendment No. 2 to Amended and Restated Credit Agreement, dated as of November
10, 2000, by and among Borrowers and Lender and Amendment No. 3 to Amended and
Restated Credit Agreement, dated as of November 20, 2000, by and among Borrowers
and Lender (as amended hereby and as the same may hereafter be further amended,
modified, supplemented, extended, renewed, restated or replaced, the "Credit
Agreement") and the other agreements, documents and instruments referred to
therein or at any time executed and/or delivered in connection therewith or
related thereto, including this Amendment No. 4 (all of the foregoing, including
the Credit Agreement, as the same now exist or may hereafter be further amended,
modified, supplemented, extended, renewed, restated or replaced, being
collectively referred to herein as the "Financing Agreements"); and

      WHEREAS, Parent, its wholly-owned subsidiary, TheSpark.com Inc., a
Massachusetts corporation, formerly known as iTurf Caveman Acquisition
Corporation ("TheSpark", as hereinafter further defined), and the former
stockholders ("Former Stockholders", as hereinafter further defined) of
TheSpark.com, Inc., a Massachusetts corporation ("Old SP") agreed to merge
TheSpark with and into Old SP and Parent agreed to pay the Former Stockholders
certain consideration all as set forth in the Agreement and Plan of Merger,
dated as of February 4, 2000, by and among Parent, TheSpark and the Former
Stockholders ("SP Merger Agreement", as hereinafter further defined);

      WHEREAS, Parent, TheSpark and the Former Stockholders have agreed to amend
the SP Merger Agreement as set forth in the First Amendment to Agreement and
Plan of Merger, dated
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as of even date herewith, by and among Parent, TheSpark and the Former
Stockholders ("First SP Amendment", as hereinafter further defined);

      WHEREAS, Borrowers have requested that Lender agree to certain amendments
to the Credit Agreement and the other Financing Agreements and the other
Financing Agreements and Lender is willing to agree to such amendments, subject
to the terms and conditions contained herein.

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

      Section 1. DEFINITIONS

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

      (a) "AMENDMENT NO. 4" shall mean this Amendment No. 4 to Amended and
Restated Credit Agreement by and among Lenders and Borrowers, as the same now
exists or may hereafter be further amended, modified, supplemented, extended,
renewed, restated or replaced.

      (b) "FIRST SP AMENDMENT" shall mean the First Amendment to Agreement and
Plan of Merger, dated of even date herewith, by and among Parent, TheSpark and
the Former Stockholders, as the same now exists or may hereafter be amended,
modified, supplemented, extended, renewed, restated or replaced.

      (c) "FORMER STOCKHOLDERS" shall mean, collectively, the individuals listed
on Exhibit A hereto.

      (d) "PCF&C" shall mean Parker Chapin Flattau & Chapin, LLP and it
successors pursuant to the terms of the Second Escrow Agreement.

      (e) "SECOND ESCROW AGREEMENT" shall mean the Second Escrow Agreement,
dated as of December 13, 2000 by and among Parent, certain representatives of
the Former Stockholders and PCF&C, in its capacity as escrow agent, as the same
now exists or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced.

      (f) "SP MERGER AGREEMENTS" shall mean, collectively, the following (as the
same now exist or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced): (i) the SP Merger Agreement, (ii) the First SP
Amendment and (iii) any related agreements, documents and instruments.

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      (g) "SP MERGER AGREEMENT" shall mean the Agreement and Plan of Merger,
dated as of February 4, 2000, by and among Parent, TheSpark and the Former
Stockholders, as the same now exists or may hereafter be amended, modified,
supplemented, extended, renewed, restated or replaced.

      (h) "THESPARK" shall mean TheSpark.com Inc., a Massachusetts corporation,
formerly known as iTurf Caveman Acquisition Corporation, together with its
successors and assigns.

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

      Section 2. AMENDMENTS.

      2.1 INDEBTEDNESS. Section 7.1 of the Credit Agreement shall be amended to
replace the period after Section 7.1(h) and to add a new Section 7.1(i) on to
the end of such Section as follows:

            "(i) Indebtedness of Parent to the Former Stockholders arising
            pursuant to the SP Merger Agreements as each in effect on the date
            hereof; PROVIDED, THAT,

                  (i) such Indebtedness shall not be secured (other than by the
            funds in the amount of $2,500,000 held by PCF&C pursuant to the
            terms of the Second Escrow Agreement, as in effect on the date of
            Amendment No. 4),

                  (ii) Borrowers shall not, directly or indirectly, make any
            payments in respect of such Indebtedness, EXCEPT, THAT, Parent may
            make the following payments in respect of such Indebtedness: (A) a
            cash payment not to exceed $2,500,000, to be paid no later than June
            1, 2001, (B) the issuance of not more than 2,000,000 shares of
            Capital Stock of Parent after May 19, 2001 but not later than June
            1, 2001, (C) a cash payment not to exceed $1,500,000 to be paid no
            later than March 1, 2002, and (D) fifty (50%) percent of the net
            proceeds (as defined in the First SP Amendment (as in effect on the
            date of Amendment No. 4)) of a merger or consolidation of TheSpark,
            a sale or other disposition of the Capital Stock of TheSpark by
            Parent or a sale or other disposition of substantially all of the
            assets of TheSpark in accordance with Section 3 of Amendment No. 4
            which amount shall not exceed $8,000,000,

                  (iii) Borrowers shall not, directly or indirectly, (A) amend,
            modify, alter or change any terms of such Indebtedness, the SP
            Merger Agreements or any agreements related thereto, EXCEPT THAT
            Parent may, after prior written notice to Lender, amend, modify,
            alter or change the terms thereof so as to extend the maturity
            thereof or defer the timing of any payments in respect thereof, or
            to forgive or cancel any portion of such Indebtedness other than
            pursuant to payments thereof, or to

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            reduce any fees in connection therewith or to make any covenant
            contained therein less restrictive or burdensome as to Parent or the
            other Borrowers, or (B) redeem, retire, defease, purchase or
            otherwise acquire such Indebtedness, or set aside or otherwise
            deposit or invest any sums for such purpose, and

                  (iv) Borrowers shall furnish to Lender all notices, demands or
            other materials concerning such Indebtedness either received by any
            Borrower or on its behalf, promptly after receipt thereof, or sent
            by any Borrower or on its behalf, concurrently with the sending
            thereof, as the case may be."

      2.2 TRANSFER OF ASSETS; MERGERS; LIQUIDATION. Section 7.7(b) of the Credit
Agreement shall be amended to add a new Section 7.7(b)(xi) on to the end of such
Section as follows:

                  "(xi) the issuance of Capital Stock of Parent to the Former
            Stockholders pursuant to the terms of Section 7.1(i) hereof;"

      2.3 PAYMENTS TO AFFILIATES. Section 7.9 of the Credit Agreement shall be
amended to add to the end of such Section as follows:

            "PROVIDED, THAT, nothing in this Section 7.9 shall prohibit the
            payment of the Indebtedness permitted under Section 7.1(i) hereof."

      Section 3. CONSENT. Subject to the satisfaction of each of the terms and
conditions contained herein, notwithstanding anything to the contrary contained
in Section 7.7(b) and (c) of the Credit Agreement, Lender hereby consents to the
sale or other disposition of substantially all of the assets of TheSpark;
PROVIDED, THAT,

      3.1 such sale or other disposition occurs prior to December 31, 2001;

      3.2 Lender shall have received no less than fifteen (15) Business Days'
prior written notice of the sale or other disposition which notice shall set
forth in reasonable detail satisfactory to Lender the terms of the sale or other
disposition;

      3.3 Lender shall have received such other information with respect to such
sale or other disposition as Lender may reasonably request within a reasonable
period of time of such requests;

      3.4 Lender shall have received, true, correct and complete copies of all
agreements, documents and instruments relating to such sale or other
disposition;

      3.5 in no event shall any Borrower make, or be required to make, any
payment or incur any obligation or liability in connection with such sale or
other disposition of substantially all of the assets of TheSpark (other than
reasonable and customary fees of financial and legal advisors

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not to exceed the greater of: (a) $200,000 or (b) four (4%) percent of the net
proceeds of such transaction) or take any other action which is otherwise
prohibited under the Credit Agreement;

      3.6 Lender shall have received the net proceeds payable or delivered to
any Borrower in respect of such sale or other disposition (other than:(a) the
amounts paid to the Former Shareholders as permitted by Section 7.1(i)(ii)(D) of
the Credit Agreement or (b) the reasonable and customary fees of financial and
legal advisors permitted under Section 3.5 hereof); and

      3.7 no Event of Default exists or has occurred, or act, condition or event
which with notice or passage of time or both would constitute an Event of
Default exists or has occurred or would exist or occur after giving effect to
any such sale or other disposition.

      Section 4. REPRESENTATIONS AND WARRANTIES. In addition to the continuing
representations, warranties and covenants heretofore or hereafter made by
Borrowers to Lender pursuant to the other Financing Agreements, each Borrower,
jointly and severally, hereby represents, warrants and covenants with and to
Lender as follows (which representations, warranties and covenants are
continuing and shall survive the execution and delivery hereof and shall be
incorporated into and made a part of the Financing Agreements):

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

      4.2 CONSENTS; APPROVALS. No action of, or filing with, or consent of any
Governmental Authority, and no approval or consent of any other party, is
required to authorize, or is otherwise required in connection with, the
execution, delivery and performance of this Amendment.

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

      4.4 SP MERGER AGREEMENT. Borrowers have delivered to Lender a true,
correct and complete copy of the SP Merger Agreement.

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      4.5 PAYMENTS TO AFFILIATES. The Indebtedness permitted under Section
7.1(i) of the Credit Agreement is on terms and conditions no less favorable to
Borrowers as then would be obtained in a comparable arm's length transaction
with a person other than an Affiliate.

      Section 5. CONDITIONS PRECEDENT. The amendment to the Credit Agreement in
Section 2 hereof shall only be effective upon the satisfaction of each of the
following conditions precedent in a manner satisfactory to Lender:

      5.1 Lender shall have received, in form and substance satisfactory to
Lender, the SP First Amendment, as duly authorized, executed and delivered by
the parties thereto,

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

      5.3 Lender shall have received an original of this Amendment No. 4, duly
authorized, executed and delivered by Borrowers.

      Section 6. ADDITIONAL EVENTS OF DEFAULT. The parties hereto acknowledge,
confirm and agree that the failure of Borrowers to comply with the covenants,
conditions and agreements contained herein, shall in each case constitute an
Event of Default under the Financing Agreements, subject to the applicable cure
period, if any, with respect thereto provided for in the Credit Agreement.

      Section 7. PROVISIONS OF GENERAL APPLICATION.

      7.1 EFFECT OF THIS AMENDMENT. Except as modified pursuant hereto, no other
changes or modifications to the Financing Agreements are intended or implied and
in all other respects the Financing Agreements are hereby specifically ratified,
restated and confirmed by all parties hereto as of the effective date hereof. To
the extent of conflict between the terms of this Amendment No. 4 and the other
Financing Agreements, the terms of this Amendment No. 4 shall control. The
Credit Agreement and this Amendment No. 4 shall be read and construed as one
agreement.

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

      7.3 BINDING EFFECT. This Amendment No. 4 shall be binding upon and inure
to the benefit of each of the parties hereto and their respective successors and
assigns.

      7.4 COUNTERPARTS. This Amendment No. 4 may be executed in any number of
counterparts, but all of such counterparts shall together constitute but one and
the same

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agreement. In making proof of this Amendment No. 4, it shall not be necessary to
produce or account for more than one counterpart thereof signed by each of the
parties hereto.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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

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

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

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

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

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

                                    Title: SENIOR VICE PRESIDENT

                                    iTURF FINANCE COMPANY

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

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

AGREED TO:

CONGRESS FINANCIAL CORPORATION

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

Title: ASSISTANT VICE PRESIDENT

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                                   SCHEDULE 1

                              SUBSIDIARY BORROWERS

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

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                                    EXHIBIT A

                               FORMER STOCKHOLDERS

Sam Yagan
Nathan Gantcher
Brian Phillips
Justin Kestler
Andrew Prihodko
Christian Rudder
Johanna Tengroth
Christopher Coyne
Maxwell Krohn
Eli Bolotin
Dan Ring
Thomas Russo

                                       10<PAGE>

                                                                   EXHIBIT 10.32

                               AMENDMENT NO. 5 TO
                      AMENDED AND RESTATED CREDIT AGREEMENT

      Amendment ("Amendment") dated as of February 2, 2001 by and among dELiA*s
Group Inc., a Delaware corporation, formerly known as dELiA Inc. ("dELiA*s"),
the Subsidiaries of dELiA*s set forth on Schedule 1 attached hereto
(collectively, the "Subsidiary Borrowers"), dELiA*s Corp., a Delaware
corporation, formerly known as iTurf, Inc. ("Parent"), its wholly owned
subsidiary, iTurf Finance Company ("iFC", and together with dELiA*s, the
Subsidiary Borrowers and Parent, each individually a "Borrower", and
collectively, "Borrowers") and Congress Financial Corporation, a Delaware
corporation ("Lender").

                               W I T N E S S E T H

      WHEREAS, Borrowers and Lender have entered into financing arrangements
pursuant to which Lender has made and may make loans and advances and provide
other financial accommodations to Borrowers as set forth in the Amended and
Restated Credit Agreement, dated April 28, 2000, by and among Lender and
Borrowers, as amended by Amendment No. 1 to Amended and Restated Credit
Agreement, dated as of July 31, 2000, by and among Borrowers and Lender,
Amendment No. 2 to Amended and Restated Credit Agreement, dated as of November
10, 2000, by and among Borrowers and Lender, Amendment No. 3 to Amended and
Restated Credit Agreement, dated as of November 20, 2000, by and among Borrowers
and Lender and Amendment No. 4 to Amended and Restated Credit Agreement, dated
as of January 19, 2001, by and among Borrowers and Lender (as amended hereby and
as the same may hereafter be further amended, modified, supplemented, extended,
renewed, restated or replaced, the "Credit Agreement") and the other agreements,
documents and instruments referred to therein or at any time executed and/or
delivered in connection therewith or related thereto, including this Amendment
(all of the foregoing, including the Credit Agreement, as the same now exist or
may hereafter be further amended, modified, supplemented, extended, renewed,
restated or replaced, being collectively referred to herein as the "Financing
Agreements"); and

      WHEREAS, one of the Borrowers, TSI Soccer Corporation, a Delaware
corporation ("TSI Soccer" as hereinafter further defined) has entered into
arrangements with Sports Endeavors, Incorporated ("Sports" as hereinafter
further defined) pursuant to which TSI Soccer may sell to Sports certain assets
of TSI Soccer related to the direct marketing business, which includes the
catalog and mail order team sales business operated by TSI Soccer and the
Tsisoccer.com internet business operated by TSI Soccer, as set forth in the
Asset Purchase Agreement, dated as of January 19, 2001 by and among Sports,
Parent and TSI Soccer (the "TSI Asset Purchase Agreement" as hereinafter further
defined);
<PAGE>

      WHEREAS, Borrowers have requested that Lender consent to such a sale and
Lender is willing to so consent, subject to the terms and conditions contained
herein.

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

      Section 1. DEFINITIONS

      1.1 ADDITIONAL DEFINITIONS. As used herein, the following terms shall have
the respective meanings given to them below:

      (a) "HANOVER FACILITY" shall mean the warehouse owned by dELiA*s
Distribution Company and located at 348 Poplar Street, Hanover, Pennsylvania
17331.

      (b) "SPORTS" shall mean Sports Endeavors, Incorporated, a North Carolina
corporation, and its successors and assigns.

      (c) "TSI ASSET PURCHASE AGREEMENT" shall mean the Asset Purchase
Agreement, dated as of January 19, 2001, by and among TSI Soccer, Parent and
Sports, as the same now exists or may hereafter be amended, modified,
supplemented, extended, renewed, restated or replaced and attached hereto as
Exhibit A.

      (d) "TSI SALE AGREEMENTS" shall mean, collectively, the following (as the
same now exist or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced): (i) the TSI Asset Purchase Agreement, and (ii)
all other agreements, documents and instruments related to, and delivered in
connection with, the TSI Direct Business and the TSI Asset Purchase Agreement.

      (e) "TSI DIRECT BUSINESS" shall mean TSI Soccer's direct marketing
business, which includes the catalog and mail order team sales business and the
Tsisoccer.com internet business.

      (f) "TSI SOCCER SALE ASSETS" shall mean certain assets and properties of
TSI Soccer described on Exhibit B hereto.

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

      Section 2. CONSENTS. Subject to the terms and conditions contained herein,
notwithstanding anything to the contrary contained in Section 7.7(b) or (c) of
the Credit Agreement, Lender hereby consents to the following:

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      2.1 the sale of the TSI Soccer Sale Assets pursuant to the TSI Asset
Purchase Agreement as in effect on the date hereof;

      2.2 the sale of the office equipment, furniture and vehicles listed on
Exhibit C hereto to employees of Borrowers.

      Section 3. SPECIAL AVAILABILITY RESERVE.

      (a) Without limiting any rights or remedies of Lender under the Credit
Agreement or any of the other Financing Agreements with respect to the
establishment of Reserves or otherwise, but subject to the terms and conditions
thereof, and in addition to any other Reserves, as of the date hereof, a Reserve
has been established in the amount equal to $300,000 (the "Special Availability
Reserve").

      (b) Without limiting the right of Lender to otherwise change the amount of
the Special Availability Reserve at any time and from time to time, the amount
of the Special Availability Reserve may, at Lender's option, be changed at any
time on or after the satisfaction of the following conditions: (i) receipt by
Lender of an updated written appraisal with respect to the Inventory in form,
scope and methodology acceptable to Lender by an appraiser acceptable to Lender,
addressed to Lender and upon which Lender is expressly permitted to rely; (ii)
receipt by Lender of Borrowers' Business Plan (including projections of
financial performance) for its fiscal year 2001, in form and substance
satisfactory to Lender; and (iii) no Event of Default or act, condition or event
which with notice or passage of time or both would constitute an Event of
Default shall exist or have occurred.

      (c) For so long as the Special Availability Reserve shall be in effect,
the term Reserves as used in the Credit Agreement and the other Financing
Agreements shall be deemed to include, in addition and not in limitation, the
Special Availability Reserve.

      Section 4. REPRESENTATIONS AND WARRANTIES. In addition to the continuing
representations, warranties and covenants heretofore or hereafter made by
Borrowers to Lender pursuant to the other Financing Agreements, each Borrower,
jointly and severally, hereby represents, warrants and covenants with and to
Lender as follows (which representations, warranties and covenants are
continuing and shall survive the execution and delivery hereof and shall be
incorporated into and made a part of the Financing Agreements):

      4.1 TSI SALE AGREEMENTS. Borrowers hereby acknowledge and agree with
Lender that:

      (a) Attached hereto as Exhibit A is a true, correct and complete copies of
the TSI Asset Purchase Agreement.

      (b) The security interest in and lien of Lender upon all assets of
Borrowers other than the TSI Soccer Sale Assets are and shall continue to be in
full force and effect, including but not

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limited to, Lender's security interest in and lien upon all amounts at any time
payable to TSI Soccer or any of its affiliates, and all rights, benefits and
remedies of TSI Soccer, pursuant to the TSI Sale Agreements.

      (c) Notwithstanding anything to the contrary in the TSI Asset Purchase
Agreement or any of the other TSI Sale Agreements, no Accounts of TSI Soccer
shall be sold, assigned or transferred to Sports.

      (d) The TSI Soccer Sale Assets are owned by TSI Soccer and relate
exclusively, and specifically to, and are directly used in, the TSI Direct
Business, except that the customer list for the TSI Direct Business has from
time to time been used to identify potential new customers for the droog-branded
and dELiA*s-branded internet and catalogue business.

      4.2 EXCESS AVAILABILITY. As of the date hereof, the aggregate amount of
the Excess Availability of Borrowers is not less than $5,000,000 after giving
effect to all Loans and Reserves established or to be established on the date
hereof.

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

      4.4 CONSENTS; APPROVALS. No action of, or filing with, or consent of any
Governmental Authority, and no approval or consent of any other party, is
required to authorize, or is otherwise required in connection with, the
execution, delivery and performance of this Amendment.

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

      4.6 ADDITIONAL DELIVERIES. Borrower hereby agrees that, in addition to all
other terms, conditions and provisions set forth in the other Financing
Agreements, Borrower shall deliver or cause to be delivered to Lender, true,
correct and complete copies of the TSI Sale Agreements (other than the TSI Asset
Purchase Agreement), each in form and substance satisfactory to Lender, as soon
as possible, but in any event, by no later than February 15, 2001.

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<PAGE>

      Section 5. CONDITIONS PRECEDENT. The consents set forth in Section 2
hereof shall only be effective upon the satisfaction of each of the following
conditions precedent in a manner satisfactory to Lender:

      5.1 the aggregate amount of Excess Availability of Borrowers, as
determined by Lender, as of the date hereof, shall not be less than $5,000,000
after giving effect to the Loans and all Reserves,

      5.2 Lender shall have received confirmation from the bank receiving such
funds that not less than $979,982.75 has been received in the account of Lender
in immediately available funds representing the proceeds payable by Sports
pursuant to the TSI Asset Purchase Agreement (as in effect on the date hereof),

      5.3 Lender shall have received an original of this Amendment, duly
authorized, executed and delivered by Borrowers, and

      5.4 each of the conditions set forth above and the sale of the TSI Soccer
Sale Assets shall have occurred by no later than February 5, 2001.

      Section 6. ADDITIONAL EVENTS OF DEFAULT. The parties hereto acknowledge,
confirm and agree that the failure of Borrowers to comply with the covenants and
agreements contained herein, shall in each case constitute an Event of Default
under the Financing Agreements, subject to the applicable cure period, if any,
with respect thereto provided for in the Credit Agreement or herein.

      Section 7. PROVISIONS OF GENERAL APPLICATION.

      7.1 EFFECT OF THIS AMENDMENT. Except as modified pursuant hereto, no other
changes or modifications to the Financing Agreements are intended or implied and
in all other respects the Financing Agreements are hereby specifically ratified,
restated and confirmed by all parties hereto as of the effective date hereof. To
the extent of conflict between the terms of this Amendment and the other
Financing Agreements, the terms of this Amendment shall control.

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

      7.3 BINDING EFFECT. This Amendment shall be binding upon and inure to the
benefit of each of the parties hereto and their respective successors and
assigns.

      7.4 COUNTERPARTS. This Amendment may be executed in any number of
counterparts, but all of such counterparts shall together constitute but one and
the same agreement. In making

                                        5
<PAGE>

proof of this Amendment, it shall not be necessary to produce or account for
more than one counterpart thereof signed by each of the parties hereto.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                        6
<PAGE>

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

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

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

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

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

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

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

                                    iTURF FINANCE COMPANY

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

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

AGREED TO:

CONGRESS FINANCIAL CORPORATION

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

Title: ASSISTANT VICE PRESIDENT

                                        7
<PAGE>

                                   SCHEDULE 1

                              SUBSIDIARY BORROWERS

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

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