ASSET PURCHASE AGREEMENT By and Among PARTY CITY OF WARWICK, INC. PARTY CITY OF LINCOLN, LLC, as Sellers, and iPARTY CORP. iPARTY RETAIL STORES CORP., as Buyers Dated as of August 15, 2007Asset Purchase Agreement • August 16th, 2007 • Iparty Corp • Retail-miscellaneous shopping goods stores • Massachusetts
This Asset Purchase Agreement (the “Agreement”) is entered into on August 15, 2007, by and among iParty Retail Stores Corp., a Delaware corporation (the “Buyer”), iParty Corp., a Delaware corporation (the “Buyer Parent”), Party City of Warwick, Inc., a Rhode Island corporation (“Party City Warwick”), and Party City of Lincoln, LLC, a Rhode Island limited liability company (“Party City Lincoln” and with Party City Warwick, the “Sellers” and each a “Seller”), and, with respect to certain sections hereof, certain other parties set forth on the signature pages hereto. The Buyer, Buyer Parent, and the Sellers, and, where applicable, the other parties set forth on the signature pages hereto, are collectively referred to herein as the “Parties.”
