Document:

EX-4.5

 Exhibit 4.5 
 JOINDER AGREEMENT TO REGISTRATION RIGHTS AGREEMENT 
 July 27, 2012

 Reference is hereby made to the Registration Rights Agreement, dated as of July 27, 2012 (the “Registration
Rights Agreement”), by and among PC Merger Sub, Inc. (“Merger Sub”) and the Initial Purchasers named therein concerning the sale by Merger Sub to the Initial Purchasers of $700,000,000 aggregate principal amount of Merger
Sub’s 8.875% Senior Notes due 2020 (the “Securities”). Unless otherwise defined herein, terms defined in the Registration Rights Agreement and used herein shall have the meanings given them in the Registration Rights Agreement.

 1. Joinder of the Company and the Guarantors. Party City Holdings Inc., a Delaware corporation (the
“Company”), and each of its subsidiaries listed on Schedule B to the Purchase Agreement (each a “Guarantor” and together, the “Guarantors”), hereby agree to become bound by the terms,
conditions and other provisions of the Registration Rights Agreement with all attendant rights, duties and obligations stated therein, with the same force and effect as if each was originally named therein and as if each such party executed the
Registration Rights Agreement on the date thereof. 
 2. Representations and Warranties and Agreements of the Company and the
Guarantors. Each of the undersigned hereby represents and warrants to and agrees with the Initial Purchasers that it has all the requisite corporate or limited liability company power and authority, as the case may be, to execute, deliver
and perform its obligations under this Joinder Agreement and to consummate the transaction contemplated hereby and that when this Joinder Agreement is executed and delivered, it will constitute a valid and legally binding agreement enforceable
against each of the undersigned in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors
or by general equitable principles. 
 3. Governing Law. This Joinder Agreement shall be governed by and construed in
accordance with the laws of the State of New York. 
 4. Counterparts. This agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

5. Amendments. No amendment or waiver of any provision of this Joinder Agreement, nor any consent or approval to any departure
therefrom, shall in any event be effective unless the same shall be in writing and signed by the parties hereto. 
 6.
Headings. The headings in this Joinder Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned have executed this Joinder Agreement as of the date
first written above. 
  

			
	PARTY CITY HOLDINGS INC.
		
	By:	 	/s/ Michael A. Correale
		 	Name: Michael A. Correale
		 	Title:    Chief Financial Officer, Assistant Secretary and Vice President
	
	GUARANTORS
	
	 AMSCAN HOLDINGS, INC.
 AMSCAN INC.
 SSY REALTY CORP.
 M&D INDUSTRIES, INC.
 ANAGRAM EDEN PRAIRIE PROPERTY HOLDINGS LLC

AM-SOURCE, LLC
 PARTY CITY CORPORATION

PA ACQUISITION CORP.
 ANAGRAM INTERNATIONAL,
INC.
 ANAGRAM INTERNATIONAL HOLDINGS, INC.
 PARTY AMERICA FRANCHISING, INC.
 GAGAS AND GAMES, INC.

FACTORY CARD OUTLET OF AMERICA LTD.
 FACTORY
CARD & PARTY OUTLET 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 to Joinder Agreement to Registration Rights Agreement] 

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

 [Signature Page to Joinder Agreement to Registration Rights Agreement]EX-4.6

 Exhibit 4.6 
 SECOND SUPPLEMENTAL INDENTURE 
 SECOND SUPPLEMENTAL INDENTURE (this
“Supplemental Indenture”) dated as of June 7, 2013, among Party City Holdings Inc., a Delaware corporation (the “Company”), the guarantors named in the signature pages hereto (the “Guarantors”) and Wilmington
Trust, National Association, a national banking association, as trustee under the Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H : 
 WHEREAS the Issuer has heretofore executed and delivered
to the Trustee an indenture, dated as of July 27, 2012 (as amended, supplemented or otherwise modified, the “Indenture”), providing initially for the issuance of $700,000,000 in aggregate principal amount of the Company’s 8.875%
Senior Notes due 2020 (the “Securities”); 
 WHEREAS Sections 4.11 and 10.06 of the Indenture provide that under
certain circumstances the Issuer is required to cause the Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the Guarantors shall unconditionally guarantee all the Issuer’s Obligations under the
Securities and the Indenture pursuant to a Guarantee on the terms and conditions set forth herein; and 
 WHEREAS pursuant to
Section 9.01 of the Indenture, the Trustee and the Company are authorized to execute and deliver this Supplemental Indenture; 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guarantors, the Company and the Trustee mutually covenant
and agree for the equal and ratable benefit of the Holders as follows: 
 1. Defined Terms. As used in this Supplemental
Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as therein defined, except that the term “Holders” in this Guarantee shall refer to the term “Holders” as defined in the Indenture and
the Trustee acting on behalf of and for the benefit of such Holders. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture
as a whole and not to any particular section hereof. 
 2. Agreement to Guarantee. The Guarantors hereby agree, jointly
and severally with all existing Guarantors (if any), to irrevocably and unconditionally guarantee the Company’s Obligations under the Securities and the Indenture on the terms and subject to the conditions set forth in the Indenture, including,
but not limited to, Article 10 of the Indenture, and to be bound by all other applicable provisions of the Indenture and the Securities and to perform all of the obligations and agreements of a Guarantor under the Indenture. 

  
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 3. Releases. (b) A Guarantee as to any Guarantor shall terminate and be of no
further force or effect and such Guarantor shall be deemed to be released from all obligations as provided in Section 10.02(b) of the Indenture. 
 4. Notices. All notices or other communications to the Guarantors shall be given as provided in Section 11.02 of the Indenture. 

5. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended and supplemented hereby, the
Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of
Securities heretofore or hereafter authenticated and delivered shall be bound hereby. 
 6. No Recourse Against Others.
No past, present or future director, officer, employee, manager, incorporator, agent or holder of any Equity Interests in the Company or of the Guarantors or any direct or indirect parent corporation, as such, shall have any liability for any
obligations of the Company and the Guarantors under the Securities, the Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities
by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. The waiver may not be effective to waive liabilities under the federal securities laws. 

7. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE NEW GUARANTOR AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF
OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. 
 8.
Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 
 9. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed
copy is enough to prove this Supplemental Indenture. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or email (in PDF format or otherwise) shall constitute effective execution and delivery of this
Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or email (in PDF format or otherwise) shall be deemed to be
their original signatures for all purposes. 
 10. Effect of Headings. The Section headings herein are for convenience
only and shall not affect the construction thereof. 

  
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 11. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors. 

12. Successors. All agreements of the Guarantors in this Supplemental Indenture shall bind its successors. All agreements of the
Trustee in this Indenture shall bind its successors. 
 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date first above written. 
  

			
	PARTY CITY HOLDINGS INC.
		
	By:	 	   /s/ Michael A. Correale

	Name: Michael A. Correale
	Title:   Vice President
	
	iPARTY RETAIL STORES CORP.iPARTY CORP.
		
	By:	 	   /s/ Michael A. Correale

	Name: Michael A. Correale
	Title:   Vice President
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	   /s/ Joseph P. O’Donnell

	Name: Joseph P. O’Donnell
	Title:   Vice President

  
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