AMSCAN HOLDINGS INC
AGREEMENT BETWEEN OWNER AND CONTRACTOR
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>4
<FILENAME>0004.htm
<DESCRIPTION>AGREEMENT BETWEEN OWNER AND CONTRACTOR
<TEXT>

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<TITLE>Amscan 10-Q</TITLE>
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<P ALIGN=CENTER><FONT SIZE=5><B>Standard Form of Agreement Between Owner and</B><BR></FONT>
<FONT SIZE=4><I><B>Contractor where the basis of payment is a</B></I></FONT>
<FONT SIZE=5><B>STIPULATED SUM</B></FONT></P>
<BR>
<BR>

<HR SIZE=1 NOSHADE><P><FONT SIZE=1>THIS  DOCUMENT HAS  IMPORTANT  LEGAL  CONSEQUENCES.  CONSULTATION  WITH AN ATTORNEY IS  ENCOURAGED  WITH RESPECT TO ITS  COMPLETION  OR
MODIFICATION. AUTHENTICATION OF THIS ELECTRONICALLY DRAFTED AIA DOCUMENT MAY BE MADE BY USING AIA DOCUMENT D401.
</FONT></P>
<BR>
<P><FONT SIZE=1>AIA Document A201-1997, General Conditions of the Contract for Construction, is adopted in this document by reference. Do not use
with other general conditions
unless this document is modified.</FONT>
</P><BR>
<P><FONT SIZE=1>This document has been approved and endorsed by The Associated General Contractors of America.
</FONT></P><BR>
<FONT SIZE=1>Copyright 1915, 1918, 1925, 1937, 1951, 1958, 1961, 1963, 1967,
1974, 1977, 1987,&copy; 1997 by The American Institute of Architects.
Reproduction of the material herein or substantial quotation of its provisions
without written permission of the AIA violates the copyright laws of the United
States and will subject the violator to legal prosecution. </FONT>
<BR><BR><BR>
<HR SIZE=1 NOSHADE>
<P><FONT SIZE=2><B>AGREEMENT</B> made as
of the <U>14th</U> day of <U>September
</U> in the year of <U>2000</U>.
<BR>
<I>(In words, indicate day, month and year)</I></FONT></P>

<P ALIGN=LEFT><FONT SIZE=2><B>BETWEEN</B></FONT><FONT SIZE=2> the Owner:<BR>
<I>(Name, address and other information)</I><BR>
<U>AMSCAN, INC.<BR>
32 Leone Lane<BR>
Chester, N.Y.&nbsp;&nbsp;10918</U><BR>
<BR>
and the Contractor<BR>
<I>(Name, address and other information)</I><BR>
<U>CLAYCO CONSTRUCTION COMPANY, INC.<BR>
2199 Innerbelt Business Center Drive St.<BR>
Louis, Missouri&nbsp;&nbsp;63114</U><BR>
<BR>
The Project is:<BR>
(Name and location)<BR>
<U>Design</U> <U>and</U> <U>construction
of</U> <U>an</U> <U>office</U> <U>warehouse/distribution</U> <U>center,</U> <U>consisting
of</U> <U>an</U> <U>approximately</U> <U>526,566</U> <U>square</U> <U>feet</U> <U>on approximately 50 acres of
land located at 47 Elizabeth Drive, Chester, New York (the &#147;Site&#148;).</U></FONT>
<BR><BR><BR><BR><BR><BR><BR>


<HR SIZE=1 NOSHADE>
<P><FONT SIZE=1>AIA DOCUMENT Al01 -OWNER - CONTRACTOR  AGREEMENT - 1997 EDITION - AIA - COPYRIGHT  1997 - THE AMERICAN  INSTITUTE OF  ARCHITECTS,  1735
NEW YORK AVENUE N.W.,  WASHINGTON,  D.C. 20006-5292.  WARNING:  Unlicensed  photocopying  violates U.S. copyright laws and will subject
the  violator to legal  prosecution.  This  document was  electronically  produced  with  permission  of the AIA and can be  reproduced
without violation until the date of expiration as noted below.</FONT></P>

<P ALIGN=RIGHT><FONT SIZE=1>Electronic Format A101-1997<BR>User Document: AMSCAN -- 10/10/2000. AIA License Number 105838, which expires on 9/7/2001 -- Page # 1.
</FONT></P>
<P><FONT SIZE=1><I>Printed in cooperation  with The American  Institute of Architects by Amscan  Holdings,  Inc. Amscan  Holdings,  Inc.  vouches that the
language in this document conforms exactly to the language used in AIA Document A101-1997.</I>
</FONT></P>
<PAGE>



<P><FONT SIZE=2>The Architect is:<BR>
<I>(Name, address and other information)</I><BR>
<U>Mitchell and Hugeback Architects</U></FONT></P>
<BR>
<P>The Owner and Contractor agree as follows.</P>

<FONT SIZE=2><B>ARTICLE 1 THE CONTRACT DOCUMENTS</B></FONT><BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
The
Contract Documents consist of this Agreement, Conditions of the Contract
(General, Supplementary and other Conditions), Drawings, Specifications, Addenda
issued prior to execution of this Agreement, other documents listed in this
Agreement and Modifications issued after execution of this Agreement; these form
the Contract, and are as fully a part of the Contract as if attached to this
Agreement or repeated herein. The Contract represents the entire and integrated
agreement between the parties hereto and supersedes prior negotiations,
representations or agreements, either written or oral. An enumeration of the
Contract Documents, other than Modifications, appears in Article 8.</FONT></TD>
</TR>
</TABLE>
<BR>

<FONT SIZE=2><B>ARTICLE 2 THE WORK OF THIS CONTRACT</B></FONT><BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
The
Contractor shall fully execute the Work described in the Contract Documents,
except to the extent specifically indicated in the Contract Documents to be the
responsibility of others.</FONT></TD>
</TR>
</TABLE>
<BR>

<P><FONT SIZE=2><B>ARTICLE 3 DATE OF COMMENCEMENT AND SUBSTANTIAL
COMPLETION</B></FONT><BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95% ALIGN=JUSTIFY><FONT SIZE=2>
<B>3.1</B></FONT>&nbsp;&nbsp;<FONT SIZE=2>
The date of commencement of the Work shall be the date of this Agreement unless
a different date is stated below or provision is made for the date to be fixed
in a notice to proceed issued by the Owner.</FONT><BR>
<FONT SIZE=1><I>(Insert sert the date of
commencement if it differs from the date of this Agreement or, if applicable,
state that the date will be fixed in a notice to proceed.)</I></FONT></TD>
</TR>
</TABLE>
<FONT SIZE=2><U>October
or the date of Contractor&#146;s receipt
of a fully exectued original of this Agreement, whichever occurs later.</U></FONT>
<BR><BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%>
<FONT SIZE=2>If,
prior to the commencement of the Work, the Owner requires time to file
mortgages, mechanic&#146;s liens and other security interests, the Owner&#146;s
time requirement shall be as follows:</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%>
<FONT SIZE=2><B>3.2</B></FONT><FONT SIZE=2>&nbsp;&nbsp;
The Contract Time shall be measured from the date of commencement.</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%>
<FONT SIZE=2><B>3.3</B></FONT>&nbsp;&nbsp;
<FONT SIZE=2>The Contractor shall achieve Substantial Completion of the entire Work not later
than <U>ten (10)</U>
<U>months</U><STRIKE>days</STRIKE> from the date of
commencement, <STRIKE>or as follows:</STRIKE></FONT><BR>
<FONT SIZE=1><I>(Insert number of calendar days.
Alternatively, a calendar date may be used when coordinated with the date of
commencement. Unless stated elsewhere in the Contract Documents, insert
any requirements for earlier Substantial Completion of certain portions of the Work.)</I></FONT><BR>
<FONT SIZE=2><U>subject to any delays
contemplated in paragraph 8.3.1 of the General Conditions (AIA Document No.
A201) attached hereto, such completion date
being the &#147;Contract Time&#148;</U></FONT></TD>
</TR>
</TABLE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%>
     <FONT SIZE=2><STRIKE>, subject to adjustments of this Contract Time as provided in the Contract Documents.</STRIKE></FONT><BR>
     <FONT SIZE=1><I>(Insert provisions, if any, for liquidated damages relating to failure to complete on time or for bonus payments for early
     completion of the Work.)</I></FONT><BR>
     <FONT SIZE=2><U>See Insert 3.3</U></FONT>
</TD>
</TR>
</TABLE>

<P><FONT SIZE=2><B>ARTICLE 4 CONTRACT SUM<BR>
4.1</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2>The Owner shall pay the Contractor the Contract Sum
in current funds for the Contractor&#146;s performance of the Contract. The
Contract Sum shall be <U>Nineteen Million Three Hundred Forty Thousand
Five Hundred Four and NO/100</U> Dollars
($<U>19,340,504.00</U>), subject to additions
additions and deductions as provided in the Contract
Documents<U>, subject to an increase of five and one half percent (5.5%)
on all Change Orders, as defined in Paragraph 7.9 herein below, increasing the
cost of the Work, and subject to a decrease of five and one half percent (5.5%)
on all Change Orders decreasing the cost of the Work.</U></FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>4.2</B></FONT>&nbsp;&nbsp;<FONT SIZE=2>
The Contract Sum is based upon the following alternates, if any, which are
described in the Contract Documents and are hereby accepted by the Owner:</FONT><BR>
<FONT SIZE=1><I>(State tate the numbers or other identification of accepted alternates. If
decisions on other alternates are to be made by the Owner </I> <I>subsequent to
the execution of this Agreement, attach a schedule of such other
alternates showing the amount for each and the date when that amount expires)</I></FONT><BR>
<FONT SIZE=2><U>Outline</U> <U>Specifications</U> <U>dated</U> <U>September</U> <U>11,</U> <U>2000,</U> <U>and</U>
<U>consisting</U> <U>of</U> <U>twenty-two</U> <U>(22)</U> <U>pages</U> <U>attached</U> <U>hereto</U>
<U>as</U> <U>Exhibit</U> <U>A</U> <U>(&#147;Outline Specs&#148;).</U></FONT></TD>
</TR>
</TABLE>
<BR>


<HR SIZE=1 NOSHADE>
<P><FONT SIZE=1>AIA DOCUMENT Al01 -OWNER - CONTRACTOR  AGREEMENT - 1997 EDITION - AIA - COPYRIGHT  1997 - THE AMERICAN  INSTITUTE OF  ARCHITECTS,  1735
NEW YORK AVENUE N.W.,  WASHINGTON,  D.C. 20006-5292.  WARNING:  Unlicensed  photocopying  violates U.S. copyright laws and will subject
the  violator to legal  prosecution.  This  document was  electronically  produced  with  permission  of the AIA and can be  reproduced
without violation until the date of expiration as noted below.</FONT></P>

<P ALIGN=RIGHT><FONT SIZE=1>Electronic Format A101-1997<BR>User Document: AMSCAN -- 10/10/2000. AIA License Number 105838, which expires on 9/7/2001 -- Page # 2.
</FONT></P>
<P><FONT SIZE=1><I>Printed in cooperation  with The American  Institute of Architects by Amscan  Holdings,  Inc. Amscan  Holdings,  Inc.  vouches that the
language in this document conforms exactly to the language used in AIA Document A101-1997.</I>
</FONT></P>
<PAGE>



<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>4.3</B></FONT>&nbsp;&nbsp;<FONT SIZE=2>Unit prices, if any, are as follows:<BR>
     <U>See Insert 4.4</U></FONT>
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
     <TD><FONT SIZE=2><B>ARTICLE 5 PAYMENTS</B></FONT></TD>
</TR>
</TABLE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2><B>5.1 PROGRESS PAYMENTS</B></FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2><B>5.1.1</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2>Based upon Applications for Payment submitted to the <U>Owner
</U><STRIKE>Architect</STRIKE> by the Contractor and <STRIKE>Certificates
for Payment issued by the Architect</STRIKE>, the Owner shall make progress
payments on account of the Contract Sum to the Contractor as provided below and
elsewhere in the Contract Documents.</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>5.1.2</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2>The period covered
by each Application for Payment shall be one calendar month ending on the last day of the month, or
     as follows:</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>5.1.3</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=2>Provided that an Application for Payment is received by the <U>Owner
</U> <STRIKE>Architect</STRIKE> not later than the
<U>first</U> day of a month, the Owner shall make
payment to the Contractor not later than the <U>twentieth
(20th)</U> day of the
<U>same</U> month. If an Application for Payment is
received by the <U>Owner</U> <STRIKE>Architect</STRIKE> after
the application date fixed above, payment shall be made by the Owner not later
than <U>twenty (20)</U> days after the
<U>Owner</U> <STRIKE>Architect</STRIKE> receives the Application for Payment.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>5.1.4</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2>Each
Application for Payment shall be based on the
<U>attached</U> <STRIKE>most recent</STRIKE> schedule of
values <U>(as the same may be changed by Change Orders)&nbsp;</U>submitted by the
Contractor in accordance with the
Contract Documents. The schedule of values shall allocate the entire Contract
Sum among the various portions of the Work. The schedule of values shall be
prepared in such form and supported by such data to substantiate its accuracy as
the <U>Owner&nbsp;</U><STRIKE>Architect</STRIKE> may require
<U>and shall be attached to this Contract</U>. This
schedule<STRIKE>, unless objected to by the Architect,</STRIKE> shall be used as a basis
for reviewing the Contractor&#146;s Applications for Payment.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>5.1.5</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=2>Applications for Payment shall indicate the percentage of completion of each
portion of the Work as of the end of the period covered by the Application for
Payment.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>5.1.6</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=2>Subject to other provisions of the Contract Documents, the amount of each
progress payment shall be computed as follows:</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12%>&nbsp;</TD>
<TD WIDTH=5%><FONT SIZE=2><B>.1</B></FONT></TD>
<TD WIDTH=83%><FONT SIZE=2>
Take that portion of the Contract Sum properly allocable to completed Work as
determined by multiplying the percentage completion of each portion of the Work
by the share of the Contract Sum allocated to that portion of the Work Work in
the schedule of values, less retainage of
<U>five</U> percent
(<U>5</U>%). <STRIKE>Pending final determination of cost
to the Owner of charges in the Work, amounts not in dispute shall be
included as provided in Subparagraph 7.3.8 of AIA Document A201
1997</STRIKE>;</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12%>&nbsp;</TD>
<TD WIDTH=5%><FONT SIZE=2><B>.2</B></FONT></TD>
<TD WIDTH=83%><FONT SIZE=2>
Add that portion of the Contract Sum properly allocable to materials and
equipment delivered and suitably stored at the site for subsequent incorporation
in the completed construction (or, if approved in advance by the Owner, suitably
suitably stored off the site at a location agreed upon in writing), <U>as
provided in Paragraph 9.3.2 of AIA Document</U>
<U>A201-1997,&nbsp;</U> less retainage of
<U>five</U> percent
(<U>5</U>%);</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12%>&nbsp;</TD>
<TD WIDTH=5%><FONT SIZE=2><B>.3</B></FONT></TD>
<TD WIDTH=83%><FONT SIZE=2>
Subtract the aggregate of previous payments made by the Owner; and</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12%>&nbsp;</TD>
<TD WIDTH=5%><FONT SIZE=2><B>.4</B></FONT></TD>
<TD WIDTH=83%><FONT SIZE=2>Subtract amounts, if any, for which the <U>Owner</U><STRIKE>Architect</STRIKE>
has withheld <U>all or a
portion of a progress&nbsp;</U><STRIKE>or nullified a </STRIKE>
<STRIKE>Certificate for Payment</STRIKE><U>payment</U> as
provided in Paragraph 9.5 of AIA Document A201-1997.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>5.1.7</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=2>The progress payment amount determined in accordance with Subparagraph 5.1.6
shall be further modified under the following circumstances:</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12%>&nbsp;</TD>
<TD WIDTH=5%><FONT SIZE=2><B>.1</B></FONT></TD>
<TD WIDTH=83%><FONT SIZE=2>
Add, upon Substantial Completion of the Work, a sum sufficient to increase the
total payments to the full amount of the the Contract Sum, less such
amounts <STRIKE>as the Architect shall determine&nbsp;</STRIKE>for incomplete Work
<U>determined pursuant to&nbsp; Paragraph 9.8.4 of
the AIA Document A201-1997</U>, retainage applicable to
such work and unsettled claims; and</FONT></TD>
</TR>
</TABLE>
<BR>

<HR SIZE=1 NOSHADE>
<P><FONT SIZE=1>AIA DOCUMENT Al01 -OWNER - CONTRACTOR  AGREEMENT - 1997 EDITION - AIA - COPYRIGHT  1997 - THE AMERICAN  INSTITUTE OF  ARCHITECTS,  1735
NEW YORK AVENUE N.W.,  WASHINGTON,  D.C. 20006-5292.  WARNING:  Unlicensed  photocopying  violates U.S. copyright laws and will subject
the  violator to legal  prosecution.  This  document was  electronically  produced  with  permission  of the AIA and can be  reproduced
without violation until the date of expiration as noted below.</FONT></P>

<P ALIGN=RIGHT><FONT SIZE=1>Electronic Format A101-1997<BR>User Document: AMSCAN -- 10/10/2000. AIA License Number 105838, which expires on 9/7/2001 -- Page # 3.
</FONT></P>
<P><FONT SIZE=1><I>Printed in cooperation  with The American  Institute of Architects by Amscan  Holdings,  Inc. Amscan  Holdings,  Inc.  vouches that the
language in this document conforms exactly to the language used in AIA Document A101-1997.</I>
</FONT></P>
<PAGE>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12%>&nbsp;</TD>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=83%><FONT SIZE=1>
<I>(Subparagraph 9.8.5 of AIA Document A201-1997 requires release of applicable
retainage upon Substantial Completion of Work with consent of surety, if
any.)</I></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12%>&nbsp;</TD>
<TD WIDTH=5%><FONT SIZE=2><B>.2</B></FONT></TD>
<TD WIDTH=83%><FONT SIZE=2>
Add, if final completion of the Work is thereafter materially delayed through no
fault of the Contractor, any additional amounts payable in accordance with
Subparagraph 9.10.3 of AIA Document A201-1997.</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD WIDTH=95%><FONT SIZE=2><B>5.1.8</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=2>Reduction or limitation of retainage, if any, shall be as follows:</FONT></TD>
</TR>
</TABLE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=1>
<I>(If it is intended, prior to Substantial Completion of the entire Work, to
reduce or limit the retainage resulting from the percentages inserted in
Clauses 5.1.6.1 and 5.1.6.2 above, and this is not explained elsewhere in the
Contract Documents, insert here provisions for such reduction or
limitation.)</I></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD><FONT SIZE=2><U>If any Subcontractor performing sitework, tilt-up concrete work,
structure steel worrk or flatwork fully performs all of its obligations under
its Subcontract and the Contractor has approved such work, then upon request of
the Contractor, the Owner shall release the full amount of the retainage for
such Subcontractor to the Contractor for payment to the Subcontractor.</U></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD WIDTH=95%><FONT SIZE=2><B>5.1.9</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=2>Except with the Owner&#146;s prior approval, the Contractor shall not make
advance payments to suppliers for materials or equipment which have not been
delivered and stored at the site.</FONT></TD>
</TR>
</TABLE>
<BR><TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2><B>5.2 FINAL PAYMENT</B></FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2><B>5.2.1</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2>
Final payment, constituting the entire unpaid balance of the Contract Sum, shall
be made by the Owner to the Contractor when:</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12%>&nbsp;</TD>
<TD WIDTH=5%><FONT SIZE=2><B>.1</B></FONT></TD>
<TD WIDTH=83%><FONT SIZE=2>
the Contractor has fully performed the Contract except for the Contractor&#146;s
responsibility to correct Work as provided in Subparagraph 12.2.2 of AIA
Document A201-1997, and to satisfy other requirements, if any, which extend
beyond final payment; and</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12%>&nbsp;</TD>
<TD WIDTH=5%><FONT SIZE=2><B>.2</B></FONT></TD>
<TD WIDTH=83%><FONT SIZE=2>
<STRIKE>a final Certificate for Payment has been issued by the Architect</STRIKE><U>Paragraph 9.10
of AIA Document A201-1997 has been satisfied.</U></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>5.1.8</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2>The Owner&#146;s
final payment to the Contractor shall be made no
later than 30 days after the <U>conditions of paragraph 9.10
Document A201-1997 have been
satisfied.</U> <STRIKE>issuance of the Architect&#146;s final
Certificate for Payment, or as follows:</STRIKE></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
     <TD><FONT SIZE=2><B>ARTICLE 6 TERMINATION OR SUSPENSION</B></FONT></TD>
</TR>
</TABLE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2><B>6.1</B></FONT>&nbsp;&nbsp;<FONT SIZE=2>The
Contract may be terminated by the Owner or the Contractor as provided in Article
14 of AIA Document A201-1997.</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2><B>6.2</B></FONT>&nbsp;&nbsp;<FONT SIZE=2>The
Work may be suspended by the Owner as provided in Article 14 of AIA Document
A201-1997.</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
     <TD><FONT SIZE=2><B>ARTICLE 7 MISCELLANEOUS PROVISIONS</B></FONT></TD>
</TR>
</TABLE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2><B>7.1</B></FONT>&nbsp;&nbsp;<FONT SIZE=2>
Where reference is made in this Agreement to a provision of AIA Document
A201-1997 or another Contract Document, the reference refers to that provision
as amended or supplemented by other provisions of the Contract Documents.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2><B>7.2</B></FONT>&nbsp;&nbsp;
<FONT SIZE=2>Payments due and unpaid under the Contract shall bear interest from the date
payment is due at the rate stated below, or in the absence thereof, at the legal
rate prevailing from time to time at the place where the Project is located.</FONT><BR>
<FONT SIZE=1>(Insert rate of interest agreed upon, if any.)</FONT><BR>
<FONT SIZE=2><U>One percent over the "prime rate" as reported by The Wall Street Journal.</U></FONT></TD>
</TR>
</TABLE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=1><I>(Usury laws and requirements under the Federal Truth in Lending Act, similar
state and local consumer credit laws and other regulations at the
Owner&#146;s and Contractor&#146;s principal places of business, the location of
the Project and elsewhere may affect the validity of this provision.
Legal advice should be obtained with respect to deletions or
modifications, and also regarding requirements such as written disclosures or
waivers.)</I></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD WIDTH=95%><FONT SIZE=2><B>7.3</B></FONT>&nbsp;&nbsp;<FONT SIZE=2>The Owner's representative is:</FONT><BR>
     <FONT SIZE=1><I>(Name, address and other information)</I></FONT><BR>
     <FONT SIZE=2><U>Willard Finch<BR>
     AMSCAN, INC.<BR>
     32 Leone Lane<BR>
     Chester, N.Y. 10918</U></FONT>
</TD>
</TR>
</TABLE>
<BR>
<HR SIZE=1 NOSHADE>
<P><FONT SIZE=1>AIA DOCUMENT Al01 -OWNER - CONTRACTOR  AGREEMENT - 1997 EDITION - AIA - COPYRIGHT  1997 - THE AMERICAN  INSTITUTE OF  ARCHITECTS,  1735
NEW YORK AVENUE N.W.,  WASHINGTON,  D.C. 20006-5292.  WARNING:  Unlicensed  photocopying  violates U.S. copyright laws and will subject
the  violator to legal  prosecution.  This  document was  electronically  produced  with  permission  of the AIA and can be  reproduced
without violation until the date of expiration as noted below.</FONT></P>

<P ALIGN=RIGHT><FONT SIZE=1>Electronic Format A101-1997<BR>User Document: AMSCAN -- 10/10/2000. AIA License Number 105838, which expires on 9/7/2001 -- Page # 4.
</FONT></P>
<P><FONT SIZE=1><I>Printed in cooperation  with The American  Institute of Architects by Amscan  Holdings,  Inc. Amscan  Holdings,  Inc.  vouches that the
language in this document conforms exactly to the language used in AIA Document A101-1997.</I>
</FONT></P>
<PAGE>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD WIDTH=95%><FONT SIZE=2><B>7.4</B></FONT>&nbsp;&nbsp;
<FONT SIZE=2>The Contractor's representative is:</FONT><BR>
     <FONT SIZE=1><I>(Name, address and other information)</I></FONT><BR>
     <FONT SIZE=2><U>Darrell E. Smith<BR>
     Clayco Construction Company, Inc.<BR>
     2199 Innerbelt Business Center Drive<BR>
     St. Louis, MO 63114</U></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>7.5</B></FONT>&nbsp;&nbsp;<FONT SIZE=2>
Neither the Owner&#146;s nor the Contractor&#146;s representative shall be
changed without ten days written notice to the other party. </FONT></TD>
</TR>
</TABLE>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>7.6</B>&nbsp;&nbsp;&nbsp;&nbsp;Other provisions:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>The Contractor will enter into a direct contractual relationship with
the Architect, engineers, and other design professionals to provide the design
of the Project. The Owner acknowledges and agrees that the Contractor is not a
licensed architect or engineer and is not agreeing to perform services which
require such a license in the State in which the Project is located. Such
services will be performed by licensed architects, engineers and design build
subcontractors under separate agreements. The fees and expenses of those design
professionals contracted and paid for by the Contractor shall be included as
part of the Contract Sum.</U></FONT></P>

<P><FONT SIZE=2><U>.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If there is any conflict among the Contract Documents then
the following priority shall be given to the same: first, the provisions of this
Agreement (A101) shall govern, second, the provisions of the General Conditions
(A201) shall govern, third, the Outline Specs shall govern (provided that as to
design matters, the Outline Specs shall govern over A101 or A201), and fourth,
the most recent version of any drawings approved by Owner and Contractor in
writing shall govern.<BR>
 .2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Owner represents that it is the owner of fee simple title
to the land on which the Project will be constructed. Attached to this Contract
is a true copy of the deed to the land by which the Owner received title to the
same.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8<BR>
If the Owner requests a change in the Work by giving the
Contractor a written change order request (a &#147;CO Request&#148;), setting
forth in detail the nature of the requested change, then the Contractor shall
furnish to the Owner a written offer to make the requested change, which offer
shall include the Contractor&#146;s determination of the changes, if any, to the
(i) Contract Sum, (ii) the schedule of values or (iii) the Contract Time. If the
Owner accepts such offer in writing and without revision, then such offer and
acceptance, together, shall constitute a &#147;Change Order&#148; which shall
operate to amend this Contract as provided herein. If the Owner accepts such
offer subject to revisions not previously agreed to be the Contractor in
writing, then such &#147;acceptance&#148; shall constitute a counteroffer by the
Owner to the Contractor which the Contractor may either accept in writing or
reject. If the Contractor accents such counteroffer in writing, the same shall
constitute a Change Order. The Contractor shall have no obligation to perform
any changes in the Work except pursuant to a Change Order made as provided
herein.</U></FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
     <TD><FONT SIZE=2><B>ARTICLE 8 ENUMERATION OF CONTRACT DOCUMENTS</B></FONT></TD>
</TR>
</TABLE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2><B>8.1</B></FONT>&nbsp;&nbsp;<FONT SIZE=2>
The
Contract Documents, except for Modifications issued after execution of this
Agreement, are enumerated as follows:</FONT></TD>
</TR>
</TABLE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>8.1.1</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=2>The Agreement is this executed 1997 edition of the Standard Form of Agreement
Between Owner and Contractor, AIA Document A101-1997.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>8.1.2</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=2>The General Conditions are the 1997 edition of the General Conditions of the
Contract for Construction, AIA Document A201-1997, <U>as modified in the
form attached to this Contract</U>.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>8.1.3</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2><STRIKE>The
Supplementary and other Conditions of the Contract are those
contained in the Project Manual dated , and are as follows:</STRIKE></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD WIDTH=21%><FONT SIZE=2>Document</FONT></TD>
     <TD ALIGN=CENTER WIDTH=37%><FONT SIZE=2>Title</FONT></TD>
     <TD ALIGN=CENTER WIDTH=37%><FONT SIZE=2>Pages</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>8.1.4</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=2>The Specifications are <STRIKE>those contained in the Project Manual dated as in
Subparagraph 8.1.3, and are</STRIKE> as follows:</FONT> <FONT SIZE=1><I>(Either ther list the
Specifications here or refer to an exhibit attached to this Agreement.)</I></FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD WIDTH=15%><FONT SIZE=2>Section</FONT></TD>
     <TD WIDTH=21%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=37%><FONT SIZE=2>Title</FONT></TD>
     <TD ALIGN=CENTER WIDTH=37%><FONT SIZE=2>Pages</FONT></TD>
</TR>
</TABLE>
<FONT SIZE=2><U>See the Outline Specs.</U></FONT>

<P></P>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>8.1.5</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2>The
Drawings are as follows, and are dated unless a different date is shown below:</FONT></TD>
</TR>
</TABLE>
<HR SIZE=1 NOSHADE>
<P><FONT SIZE=1>AIA DOCUMENT Al01 -OWNER - CONTRACTOR  AGREEMENT - 1997 EDITION - AIA - COPYRIGHT  1997 - THE AMERICAN  INSTITUTE OF  ARCHITECTS,  1735
NEW YORK AVENUE N.W.,  WASHINGTON,  D.C. 20006-5292.  WARNING:  Unlicensed  photocopying  violates U.S. copyright laws and will subject
the  violator to legal  prosecution.  This  document was  electronically  produced  with  permission  of the AIA and can be  reproduced
without violation until the date of expiration as noted below.</FONT></P>

<P ALIGN=RIGHT><FONT SIZE=1>Electronic Format A101-1997<BR>User Document: AMSCAN -- 10/10/2000. AIA License Number 105838, which expires on 9/7/2001 -- Page # 5.
</FONT></P>
<P><FONT SIZE=1><I>Printed in cooperation  with The American  Institute of Architects by Amscan  Holdings,  Inc. Amscan  Holdings,  Inc.  vouches that the
language in this document conforms exactly to the language used in AIA Document A101-1997.</I>
</FONT></P>
<PAGE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%>
<FONT SIZE=1><I>(Either list the Drawings here or refer to an exhibit
attached to this Agreement.)</I></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD WIDTH=21%><FONT SIZE=2>Number</FONT></TD>
     <TD ALIGN=CENTER WIDTH=37%><FONT SIZE=2>Title</FONT></TD>
     <TD ALIGN=CENTER WIDTH=37%><FONT SIZE=2>Date</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>8.1.6</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2>The Addenda, if any,
are as follows:</FONT>
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD WIDTH=21%><FONT SIZE=2>Number</FONT></TD>
     <TD ALIGN=CENTER WIDTH=37%><FONT SIZE=2>Title</FONT></TD>
     <TD ALIGN=CENTER WIDTH=37%><FONT SIZE=2>Pages</FONT></TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%>
<FONT SIZE=2>Portions
of Addenda relating to bidding requirements are not part of the Contract
Documents unless the bidding requirements are also enumerated in this Article 8.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%><FONT SIZE=2>
<B>8.1.7</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT SIZE=2>Other documents,
if any, forming part of the Contract Documents are as follows:</FONT><BR>
<FONT SIZE=1><I>(List here any additional documents that are intended to form part of the
Contract Documents. AIA Document A201-1997 provides that bidding
requirements such as advertisement or invitation to bid, Instructions to
Bidders, sample forms and the Contractor&#146;s bid are not part of the
Contract Documents until enumerated in this Agreement. They should be listed
here only if intended to be part of the Contract Documents.)</I></FONT><BR>
<FONT SIZE=2><U>Schedule of Inserts to Clayco Construction AIA
Document A101-1997 and AIA Document A201-1997 (attached hereto and consisting of
17 pages). All references in this AIA
Document A101-1997 or in the AIA Document A201-1997 to &#147;Insert&#148; shall
mean such attached Schedule of Inserts.</U></FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%>&nbsp;</TD>
<TD WIDTH=95%>
<FONT SIZE=2>This Agreement is entered into as of the day and year first written above and is
executed in at least three original copies, of which one is to be delivered to
the Contractor, one to the Architect for use in the administration of the
Contract, and the remainder to the Owner.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=BOTTOM>
     <TD WIDTH=46%></TD>
     <TD WIDTH=8%>&nbsp;</TD>
     <TD WIDTH=46%><FONT SIZE=2>/s/ Michael Murphy</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=46%><HR SIZE=1 NOSHADE><FONT SIZE=2><B>OWNER</B></FONT>&nbsp;<FONT SIZE=1><I>(Signature)</I></FONT></TD>
     <TD WIDTH=8%>&nbsp;</TD>
     <TD WIDTH=46%><HR SIZE=1 NOSHADE><FONT SIZE=2><B>CONTRACTOR</B></FONT>&nbsp;<FONT SIZE=1><I>(Signature)</I></FONT></TD>
</TR>
<TR VALIGN=BOTTOM>
     <TD WIDTH=46%><FONT SIZE=2>AMSCAN, INC.</FONT></TD>
     <TD WIDTH=8%>&nbsp;</TD>
     <TD WIDTH=46%><FONT SIZE=2>CLAYCO CONSTRUCTION COMPANY, INC.</FONT></TD>
</TR>
<TR VALIGN=BOTTOM>
     <TD WIDTH=46%><FONT SIZE=2>By: /s/ James M. Harrison, Exec. V.P.</FONT></TD>
     <TD WIDTH=8%>&nbsp;</TD>
     <TD WIDTH=46%><FONT SIZE=2>By: MICHAEL MURPHY</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=46%><HR SIZE=1 NOSHADE><FONT SIZE=1><I>(Printed name and title)</I></FONT>
<FONT SIZE=2> James M. Harrison, Exec. V.P.</FONT></TD>
     <TD WIDTH=8%>&nbsp;</TD>
     <TD WIDTH=46%><HR SIZE=1 NOSHADE><FONT SIZE=1><I>(Printed name and title)</I></FONT>
<FONT SIZE=2> Senior V.P. &amp; CFO
</FONT></TD>
</TR>
</TABLE>
<BR>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=BOTTOM>
     <TD WIDTH=100%><FONT SIZE=2>Insert A:&nbsp;&nbsp;&nbsp;<I>
THIS AGREEMENT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY</I></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=100%><HR SIZE=1 NOSHADE></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=BOTTOM>
     <TD WIDTH=100%><FONT SIZE=2><I>THE PARTIES</I></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=100%><HR SIZE=1 NOSHADE>&nbsp;</TD>
</TR>
</TABLE>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<BR><BR><BR><BR><BR><BR><BR>

<HR SIZE=1 NOSHADE>
<P><FONT SIZE=1>AIA DOCUMENT Al01 -OWNER - CONTRACTOR  AGREEMENT - 1997 EDITION - AIA - COPYRIGHT  1997 - THE AMERICAN  INSTITUTE OF  ARCHITECTS,  1735
NEW YORK AVENUE N.W.,  WASHINGTON,  D.C. 20006-5292.  WARNING:  Unlicensed  photocopying  violates U.S. copyright laws and will subject
the  violator to legal  prosecution.  This  document was  electronically  produced  with  permission  of the AIA and can be  reproduced
without violation until the date of expiration as noted below.</FONT></P>

<P ALIGN=RIGHT><FONT SIZE=1>Electronic Format A101-1997<BR>User Document: AMSCAN -- 10/10/2000. AIA License Number 105838, which expires on 9/7/2001 -- Page # 6.
</FONT></P>
<P><FONT SIZE=1><I>Printed in cooperation  with The American  Institute of Architects by Amscan  Holdings,  Inc. Amscan  Holdings,  Inc.  vouches that the
language in this document conforms exactly to the language used in AIA Document A101-1997.</I>
</FONT></P>
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</HTML>
</TEXT>
</DOCUMENT>
