Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - IPARTY CORPFinancial_Report.xls
EX-31.2 - EXHIBIT 31.2 - IPARTY CORPa6817098ex31-2.htm
EX-31.1 - EXHIBIT 31.1 - IPARTY CORPa6817098ex31-1.htm
EX-32.2 - EXHIBIT 32.2 - IPARTY CORPa6817098ex32-2.htm
EX-32.1 - EXHIBIT 32.1 - IPARTY CORPa6817098ex32-1.htm
10-Q - IPARTY CORP. 10-Q - IPARTY CORPa6817098.htm
EX-10.1 - EXHIBIT 10.1 - IPARTY CORPa6817098ex10-1.htm
EXHIBIT 10.2

iParty Corp.

WRITTEN SUMMARY OF RENEWED ONE-YEAR PART-TIME CONSULTING ARRANGEMENT
WITH MR. VASSALLUZZO

June 10, 2011



     iParty Corp. shall renew its engagement of Joseph Vassalluzzo to provide consulting services on a part-time basis over a period beginning on June 2, 2011 (the date of termination of the prior year's arrangement) and ending on June 10, 2012, to iParty's senior management, in particular iParty's Chairman and CEO, Sal Perisano, with respect to various retail, operational, strategic, real estate and store location issues, as may from time to time be necessary and appropriate. Such services shall on occasion require Mr. Vassalluzzo's presence at iParty's corporate headquarters in Dedham, Massachusetts and/or current or proposed store location sites, principally in New England and Florida. On or before the end of the period commencing on June 2, 2011, and ending on June 10, 2012, iParty Corp. shall pay Mr. Vassalluzzo one or more payments not to exceed $61,800 cash for services rendered over the period, with such services to be earned at a rate of $5,150 per month.