process1 creates a event.
process1 starts process2.
process1 wait on event to signal.
process2 creates its mailslot.
process2 opens the event object
process2 signals the event.
process1 send the data to process2.
process1 resets the event.
Or trying to reuse the code you now have, add a mailslot in process1 to get notified from process2 to send parameters to process2's mailslot.