Document:

Employment offer letter - Efthimios P. Sotos

 Exhibit 10.6 
 2/21/2008 
 

 
 Orv Madden 
 Chairman 
 (626) 968.1415 (ext 201) 
  

	E:	omadden@metroparkusa.com 

	    	www.metroparkusa.com 

 February 16, 2008 
 To: Efthimios P. Sotos 
 Dear Thimio, 
 On behalf of Metropark USA Inc., I am pleased to confirm the details of your employment offer as follows: 
  

			
	Title:	  	Chief Financial and Operating Officer. Operating responsibilities to include Real Estate and Construction, Information Technology and Distribution Facility management.
		
	Reporting to:	  	Renee Bell, CEO
		
	Target Start Date:	  	Tuesday March 4 or sooner
		
	Base Salary:	  	$300,000 annually, paid bi-weekly. Payment of wages will continue throughout the duration of active employment with Metropark.
		
	Performance Incentive Award:	  	You will receive a bonus for 2008 equal to $90,000. Thereafter you will be eligible a target bonus of at least 30% in future years based on achievement of Compensation Committee approved
incentive plans.
		
	Stock Option Grant:	  	A recommendation will be made to our Board Compensation Committee for a grant in the amount of 700,000 shares at an execution price determined by the Committee. A independent stock valuation
study is now underway with results expected by April. The vesting is over a 4 year period, with a one year cliff on the first 4/16, and thereafter at the rate of 1/16 per quarter until fully vested at the end of year 4. The term of the grant is 10
years until expiration. You will be provided with a copy of the Stock Option Plan along with your grant agreement for execution.
		
	Vacation:	  	Vacation is an accrued benefit beginning on your date of hire. You are eligible for 3 week’s vacation on an annualized basis in accordance to company policy.
		
	Benefits:	  	A summary of benefit plans that would be applicable to you.
		
	At Will Agreement:	  	This offer letter is intended to provide general guidelines and is not to be construed in any way as an employment contract. Your employment with Metropark USA, Inc. is At-Will, meaning that it
may be terminated by either you or the Company at any time, with or without cause or notice.

			
	Confidentiality:	  	A copy of our standard Confidentiality Agreement will be provided to you for execution.

 All of us at Metropark look forward to you joining us! 
 Sincerely, 
  

					
	/s/ Orval Madden	 		 	/s/ Efthimios P. Sotos
	Orval Madden-Chairman	 		 	Efthimios P. SotosEmployment offer letter - Lance Hutchison

 Exhibit 10.7 
 

 
 October 5, 2007 
 Lance
Hutchison 
 2985 Rounsevel Terrace 
 Laguna Beach, CA 92651

 Dear Lance, 
 On behalf of Metropark USA Inc., I am pleased
to confirm the details of your promotion as follows: 
  

			
	 •        Title:
	  	Executive Vice President ~ Store Operations
		
	 •        Reporting to:
	  	Renee Bell, CEO/Director
		
	 •        Base Salary:
	  	Your salary will be $250,000 annually, paid bi-weekly. Payment of wages will continue throughout the duration of active employment with Metropark.
		
	 •        Effective Date:
	  	October 7, 2007
		
	 •        Performance Incentive Award:
	  	You will be eligible to participate in the Company bonus pool with a target bonus of up to 20%.
		
	 •        Stock Option Grant:
	  	We will request that the Compensation Committee approve an option grant, under the Metropark USA, Inc. 2007 Stock Option Plan, of 125,000 shares of Metropark USA, Inc. Common Stock at an
exercise price of $2.20 per share. You will be provided with a copy of the Stock Option Plan along with your option agreement for execution.
		
	 •        At Will Agreement:
	  	This offer letter is intended to provide general guidelines and is not to be construed in any way as an employment contract. Your employment with Metropark USA, Inc. is At-Will, meaning that it
may be terminated by either you or the Company at any time, with or without cause or notice.

 Congratulations and we wish you much continued success with Metropark! 
 Sincerely, 
  

									
					
	/s/ Renee Bell	 	  	 		 	/s/ Lance Hutchison	 	  
	Renee Bell	 	Date	 		 	Lance Hutchison	 	Date
	CEO/Director	 		 		 		 	

  

							
	532 Coral Ridge Place	  	City of Industry, CA 91746	  	Phone: (626) 968-1415	  	Fax: (626) 604-4960Employment offer letter - Karen Green

 Exhibit 10.8 
 

 
 April 24, 2007 
 Karen Green

 PO Box 2118 
 Toluca Lake, CA 91610 
 Dear Karen: 
 On behalf of Metropark USA Inc., this letter serves to confirm
the details of the recent changes/additions to your original employment offer letter dated June 29, 2006: 
  

	 	•	 	 Title: Vice President of Real Estate and Construction 

  

	 	•	 	 Reporting to: Robert Allison, CEO 

  

	 	•	 	 Base Salary: $275,000 annually, paid bi-weekly effective beginning the pay period starting April 8, 2007. Payment of wages will continue
throughout the duration of active employment with Metropark. 

  

	 	•	 	 Performance Incentive Award: You will eligible for a target bonus for 2007 equal to $100,000. Payment of bonus will be at 20% ($55,000) of your base
salary based on company performance with remaining amount of $45,000 payable based on individual performance and contribution. 

  

	 	•	 	 Stock Option Grant: Upon Compensation Committee approval, an additional stock option grant of 200,000 shares will also be requested at an execution
price of $1.75 per share with a two year vesting. The term of each grant is 10 years until expiration. You will be provided with a copy of the Stock Option Plan along with your grant agreement for execution. 

 I look forward to continuing to build a mutually rewarding relationship to ensure the success of Metropark! 
 Sincerely, 
  

									
					
	/s/ Robert Allison	 	  	 		 	/s/ Karen Green	 	  
	Robert Allison	 	Date	 		 	Karen Green	 	Date
	CEO	 		 		 	Vice President of Real Estate	 	

  

							
	532 Coral Ridge Place	  	City of Industry, CA 91746	  	Phone: (626) 968-1415	  	Fax: (626) 604-4960

 

 
 June 20, 2006, revised June 29, 2006 
 Karen Green 
 PO Box 2118 
 Toluca Lake, CA 91610 
 Dear Karen: 
 On behalf of
Metropark USA Inc., I am pleased to confirm the details of your employment offer as follows: 
  

	 	•	 	 Title: Vice President of Real Estate and Construction 

  

	 	•	 	 Reporting to: Lawrence Tanenbaum, President 

  

	 	•	 	 Base Salary: $225,000 annually, paid bi-weekly. Payment of wages will continue throughout the duration of active employment with Metropark.

  

	 	•	 	 Start Date: On or before August 1, 2006 

  

	 	•	 	 Performance Incentive Award: You will receive a guaranteed bonus for 2006 equal to a minimum of 20% of your base salary, payable in April 2007. You
will also be eligible to participate in the Company bonus pool for fiscal 2007 with a target bonus of 20%. 

  

	 	•	 	 Performance Appraisal: You will be eligible for a merit review beginning in 2007. Salary adjustments and/for additional stock grants, if warranted,
are based on individual job performance, and are awarded at the end of the fiscal year on a pro-rata basis. 

  

	 	•	 	 Stock Option Grant: Upon Compensation Committee approval, you will be awarded a grant of 125,000 shares of Metropark USA, Inc. common stock at an
execution price of $1.00 per share under our Stock Option Plan. An additional stock option on 125,000 shares will be granted in April of 2007 at a price determined by the Board. One-fourth of the option shares will vest at the end of 12 months from
the grant date and the balance will vest quarterly during the next 3 years. The term of each grant is 10 years until expiration. You will be provided with a copy of the Stock Option Plan along with your grant agreement for execution.

  

	 	•	 	 Severance: Should your employment with Metropark be terminated without cause, you will receive the equivalent of three (3) months salary.

  

	 	•	 	 Vacation: Vacation is an accrued benefit beginning on your date of hire. You are eligible for 3 week’s vacation on an annualized basis in
accordance to company policy. 

  

	 	•	 	 Benefits: Enclosed is a summary of benefit plans that would be applicable to you. 

 June 20, 2006, revised June 29, 2006 
 Karen Green 
 Page 2 
  

	 	•	 	 At Will Agreement: This offer letter is intended to provide general guidelines and is not to be construed in any way as an employment contract. Your
employment with Metropark USA, Inc. is At-Will, meaning that it may be terminated by either you or the Company at any time, with or without cause or notice. 

  

	 	•	 	 Confidentiality: A copy of our standard Confidentiality Agreement will be provided to you for execution. 

 Please come to the Human Resources Office at 8:30 AM for your orientation. Metropark USA complies with the Immigration and Naturalization Act of 1986, requiring
us to review documentary evidence that you are eligible for employment. Please bring two forms of identification with you. 
 Congratulations on your
decision to join Metropark, we’re looking forward to working with you! 
 Sincerely, 
  

									
					
	/s/ Kaye Dalenius	 	6/29/06	 		 	/s/ Karen M. Green	 	7/6/06
	Kaye Dalenius	 	Date	 		 	Karen Green	 	Date
	Director of Employee ServicesEmployment offer letter - Rick Hicks

 Exhibit 10.9 
 Page 1of 2 
 

 
 August 20, 2004 
 Mr. Rick Hicks 
 1188 Old Hickory Rd. 
 Corona, CA
92882 
 Dear Rick: 
 We are excited to offer you the position
of Controller. The following is an outline of the offer terms. I will call you to discuss them further: 
  

			
	 Title:
	  	Controller, reporting to Jay Johnson
		
	 Start Date:
	  	September 9, 2004, or earlier if mutually agreed.
		
	 Salary:
	  	Your starting salary will be $100,000.00 annually, paid bi-weekly. Payment of wages will continue throughout the duration of active employment with Metropark.
		
	 Special Bonus:
	  	You will be eligible to receive a special bonus in the amount of $10,000.00 on April 15, 2005 subject to being actively employed by Metropark on a continuous basis from your Start Date
through the date you receive the bonus and during that period, satisfactorily assuming the duties of the Controller position (discussed in general terms in the last paragraph below).
		
	 Stock Option Grant:
	  	We will request that the Compensation Committee approve an option grant, under the Metropark USA, Inc. 2004 Stock Option Plan, of 30,000 shares of Metropark USA, Inc. Common Stock at an
exercise price of $0.25 per share. One-fourth of the option shares will vest at the end of 12 months of employment and the balance will vest quarterly during the three years. Upon approval, the term of the grant is for a 10-year period before
expiration will be provided with a copy of the Stock Option Plan along with your option agreement for execution.
		
	 Medical Insurance:
	  	 You will be eligible to participate in our group medical insurance plan (currently with Blue Cross) for salaried, exempt classified employees. The
eligibility waiting period for medical insurance is 90 days after your hire date.
  
 The
current medical contribution for individual coverage is the company will pay 70% of premium while 50% is company paid for dependent coverage.

 Page 2 of 2 
  

			
	 At Will Agreement:
	  	Your employment status with Metropark is “at will” meaning that it may be terminated by either you or the Company at any time, with or without cause or notice.
		
	 Confidentiality
 Agreement:
	  	You will be provided with our confidentiality agreement for execution.

 Rick—Orv, Lawrence and I enjoyed our recent meetings and our discussions of Metropark, this employment
opportunity and your goals and qualifications. We believe that many of your skills will be important to Metropark as we begin opening stores and growing and that you will be a key member of our team. As with any business, we have many challenges but
we believe that through our first-class headquarters and store team we can build a unique and profitable new retail concept. As we discussed, your position will initially include responsibilities for general accounting (including supervision of HR,
payroll, accounts payable, etc), planning and analysis and development and implementation of systems and procedures for the office, DC and the stores. I will work very closely with you and am confident that you can quickly take a substantial role in
finance and accounting functions. Orv, Lawrence, the others on our team and I believe that together, we can build a unique, profitable retail chain are have fun doing so. We can discuss this offer any time. Please call me at the office or my cell
[***-***-****]. 
 Sincerely, 
 Jay A. Johnson, Chief Financial
Officer                      acknowledged /s/ Rick Hicks     date _____ 
 * = Redacted information appears on this page.

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