Document:

EMPLOYMENT
AGREEMENT

 

This Employment
Agreement (this “Agreement”) dated December 31, 2016 is entered into by and between ATI Nationwide Holding
Corp, a Florida corporation with a mailing address for notice purposes at 4700 Homewood Court, Suite 100 Raleigh, North Carolina
27609 USA (the “Company”) and Mr. Joseph Edu-Quayson, an individual with a mailing address of Nyamekye,
N1 Highway, 100 Metres from Lapaz Nyamekye Traffic Light, Accra Ghana (the “Employee”).

 

WHEREAS, Company
wishes to compensate Employee for past services rendered and other consideration, and to retain the continued services of Employee,
and the Employee wishes to continue with his employment by the Company in consideration of the stock issuance remuneration agreed
to herein, including those options and lock-up periods set forth herein.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants contained in this Agreement, the parties agree as follows:

 

1. Employment.
The Company hereby employs Employee to serve as its “Chairman of the Ghana Committee” and Employee hereby accepts such
employment by the Company, upon the terms and conditions herein provided.

 

2. Duties and Responsibilities.
Employee shall report to the Board of Directors of the Company pursuant to the procedures set forth in the Company’s
Bylaws. Employee agrees to discharge such duties as may be delegated to him from time-to-time by the Company.  The Company
reserves the right to change or modify the designation of Employee or his duties at Company's discretion from time-to-time. During
the term of his employment, unless an actual conflict arises, Employee is authorized to engage in any other business or occupation
provided he has the ability to dedicate, at the very least, twenty hours a month towards the performance of his duties hereunder.
Employee is not prohibited from making passive or personal investments for which the expenditure of time is not required. 
Employee acknowledges that he shall travel, as reasonably required by the Company, in connection with his employment, subject to
the Company paying any and all reasonable expenses in advance of such travel.

 

3. Location.
The initial principal location where the Employee shall perform services for the Company shall not be limited to any particular
location; however, upon establishment by the Company of a permanent business location, the Employee agrees to report, as needed
and no less than weekly, to the permanent business location.

 

4. Term.
This Agreement shall commence on the Effective Date and shall continue for a period of five years (the “Initial Term”). At
the expiration of the Initial Term, this Agreement shall be extended for additional successive one (1) year terms at the option
of the Company upon providing Employee with written notice no later than thirty (30) days prior to the expiration of the Initial
Term (the “Renewal Term”). The Initial Term and Renewal Term are collectively defined herein as the “Term.”

 

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5. Vacation and
Sick Leave. Employee shall be entitled to the number of paid vacation days that is consistent with existing Company policies
for its Employee officers, and as provided for in the Compensation Schedule.  Employee shall also be entitled to all paid
holidays given by the Company to its Employee officers.

 

6. Compensation.
The Company and the Employee agree that the Employee shall be compensated in the manner and form set forth in the “Compensation
Schedule” attached hereto as Schedule A.

 

7. Termination.
The Company may terminate this Agreement without cause at any time upon thirty (30) days written notice to the Employee. The Employee
may terminate this Agreement without cause at any time upon thirty (30) days’ written notice to the Company. If requested
by the Company, the Employee shall continue to perform his duties and shall receive a mutually agreeable salary up to the date
of termination. In addition, the Company will pay the Employee a severance allowance on the date of the termination equal to five
times his annual salary.

 

The Company
may terminate this Agreement “for cause” immediately without any notice, for any of the following events: (i) If
Employee is convicted for an offence of felony or any act involving moral turpitude; (ii) If Employee commits any act of
theft, fraud, dishonesty, or falsification of an employment record; (iii) If Employee commits any breach of this Agreement
which remains uncured for a period of 14 days following written notice of such breach; (iv) If Employee fails to perform
reasonable assigned duties, or fails to perform those duties expected of an officer of a publicly reporting company to the
United States Securities and Exchange Commission; (v) If Employee improperly discloses Company’s confidential
information; or (vi) If Employee commits any act which causes detrimental effect to Company’s reputation and
business.

 

THE PARTIES AGREE
THAT ANY COMPENSATION PAID PRIOR TO ANY EVENT OF TERMINATION, INCLUDING MONEY, STOCK OR OTHER FORMS OF COMPENSATION SHALL BE CONSIDERED
FULLY EARNED AND NOT SUBJECT TO ANY CLAWBACK, UNLESS SUCH MONEY, STOCK OR OTHER FORM OF CONSIDERATION WAS OBTAINED THROUGH FRAUD,
FALSE PRETENSES OR OTHER INTENTIONAL TORT COMMITTED BY THE EMPLOYEE. IF THE EMPLOYEE IS TERMINATED FOR ANY REASON WITH OR WITHOUT
CAUSE THE COMPANY WILL PAY THE EMPLOYEE A SEVERANCE ALLOWANCE IDENTIFIED HEREIN NO LATER THAN 30 DAYS AFTER TERMINATION.

 

8. Expenses.
Pursuant to Company policy, and to the extent not set forth in the Compensation Schedule, the Company shall reimburse the Employee
for all authorized travel and other reasonable expenses incurred by him in furtherance of the Company’s business upon the
Employee’s presentation of an itemized account of expenditures.

 

9. Benefit Plans.
During the Term, the Employee shall be entitled to participate in any medical and dental plans, life and disability insurance plans,
retirement plans and any other fringe benefit plans or programs maintained by the Company for the benefit of its Employees. Nothing
in this Agreement shall preclude the Company from terminating or amending any Employee benefit plan or program from time to time.

 

10. Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina.

 

11. Mediation
and Arbitration. Any controversy or claim arising out of or in relation to this Agreement or the validity, construction or
performance of this Agreement, or the breach thereof, shall be resolved by private arbitration before a single arbitrator pursuant
to the procedures set forth herein. In selecting a single arbitrator, in the event the parties are unable to reach a mutual decision
on the arbitrator within a commercially reasonable time, the Employee and the Company, through their attorneys, shall submit three
names to the Chief Financial Officer/Treasurer of the Company, who in turn, shall place the names on separate sheets of paper of
equal dimension, fold and place in a container for selection. The parties may either, within a commercially reasonable period of
time, (a) meet in person to select a name out of the container, (b) agree to do the selection through a video feed of the process,
or (c) have the Chief Financial Officer/Treasurer turn over the container to an independent third-party at his choosing, who in
turn would commence the drawing and then provide the parties with the name of the arbitrator chosen. The parties agree to waive
any and all claims or defenses related to the selection of the arbitrator.

 

The parties shall
have the right to engage in pre-hearing discovery in connection with such arbitration proceedings. The parties agree hereto that
they will abide by and perform any award rendered in any arbitration conducted pursuant hereto, that any court having jurisdiction
thereof may issue a judgment based upon such award and that the prevailing party in such arbitration and/or confirmation proceeding
shall be entitled to recover its reasonable attorneys' fees and expenses. The arbitration award shall be final, binding and non-appealable.
The Parties agree to utilize the arbitration rules of the American Arbitration Association for all aspects of the private arbitration.

 

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12. Notices.
Any notice to be given hereunder by any party to the other, may be effected either by personal delivery in writing, or by mail,
registered or certified, postage pre-paid with return receipt requested. Mailed notices shall be addressed to the parties at the
addresses appearing in the introductory paragraphs of this Agreement, but each party may change their address by written notice
in accordance with this paragraph. Notices delivered personally shall be deemed communicated as of actual receipt; mailed notices
shall be deemed communicated as of five (5) days after mailing. The Employee agrees to keep the Company current as to his or her
business and mailing addresses, as well as telephone, email and mobile numbers.

 

13. Waiver.
The waiver by either party hereto of any breach of any provision of this Agreement shall not operate or be construed as a waiver
or any subsequent breach by either party hereto.

 

14. Proprietary
Information. The Employee agrees that all processes, procedures, programs, discoveries, ideas, conceptions, formulae, improvements,
developments, technologies, designs, inventions, processes, designs, software, firmware, hardware, diagrams, copyrights, trade
secrets, and any other proprietary information (collectively, the “Proprietary Information”), whether or not patentable
or copyrightable, conceived, developed, invented, or made solely by the Employee, or jointly with others, during the Term of the
Agreement shall be the property of, and belongs to, the Company.

 

The Employee agrees
to promptly and freely disclose to the Company all such Proprietary Information, which Employee conceives as a result of his employment
by the Company, and Employee agrees to assign and hereby does assign all of his interest therein to the Company. Whenever requested
to do so by the Company, Employee shall execute any and all applications, assignments, or other instruments, which the Company
shall deem necessary to apply for and obtain Letters Patent or Copyrights of the United States, or any foreign country, to otherwise
protect the Company's interest in the Proprietary Information or to vest title to the Proprietary Information in the Company. These
obligations shall survive the termination of Employee's employment and shall be binding upon Employee's assigns, executors, administrators,
and other legal representatives.

 

15. Binding Effect
and Assignment. This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns and
the Employee and his heirs and legal representatives.  This Agreement is personal as to Employee and may not be assigned by
Employee without first obtaining the written consent of the Company. The Company without the prior consent of Employee may assign
this Agreement.

 

16. Severability.
The unenforceability of any provision or provisions of this Agreement shall not affect the enforceability of any other provision
of this Agreement. If, for any reason, any provision of this agreement is held invalid, all other provisions of this agreement
shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior
agreement between the Company (or any predecessor thereof) and the Employee shall be deemed reinstated as if this agreement had
not been executed.

 

17. Entire Understanding.
This Agreement, along with Schedule A, contains the entire understanding of the parties relating to the employment of the Employee
by the Company.  It may be changed only by an agreement in writing signed by the party or parties against whom enforcement
of any waiver, change, modification, extension or discharge is sought.

 

18. Amendment
and Default. This Agreement may be amended in whole or part at any time and from time to time but only in writing in a form
substantially similar to the form hereof.  In the event of default or breach of any of the terms and conditions hereof the
defaulting party agrees to pay the reasonable attorneys’ fees incurred by the other party in enforcing the provisions hereof.

 

19. Counterparts
and Electronic Signatures. This Agreement may be executed in counterpart, and may be executed by way of facsimile or electronic
signature, and if so, shall be considered an original.

  

IN WITNESS WHEREOF, the parties
have executed this Agreement as of the date first above written.

AGREED:

 

EMPLOYEE ATI Nationwide Holding
Corp.

By: Joseph Edu-QuaysonBy:
Alton Perkins

Joseph Edu-QuaysonAlton Perkins

Chairman of the Board

    	 

    	 

    

  

SCHEDULE A

 

COMPENSATION SCHEDULE

 

This Compensation
Schedule (this “Schedule”) dated December 31, 2016 is entered into by and between ATI Nationwide Holding
Corp, a Florida corporation with a mailing address for notice purposes at 4700 Homewood Court, Suite 100 Raleigh, North Carolina
27609 USA (the “Company”) and Mr. Joseph Edu-Quayson, an individual with a mailing address of Nyamekye,
N1 Highway, 100 Metres from Lapaz Nyamekye Traffic Light, Accra Ghana (the “Employee”), and is incorporated
and merged with the Employment Agreement executed by the Company and the Employee (the “Agreement”).

 

1. Effective
Date. This Schedule is effective upon approval by the Company’s Board of Directors, and shall continue until such time
the Agreement is terminated under the applicable provisions therein.

 

2. Compensation/Salary
& Benefits. Based upon the company’s cash flow and capital raised, the Company at its discretion will pay salaries,
and benefits to key management staff, other employees and persons. Salaries and benefits may include commissions, health plans,
transportation compensation and other benefits. The Board will determine the type, amount, timing and distribution of these salaries
and benefits. For this consideration, key employees agree to be bound by this agreement.

 

3. Compensation/Stock
Issuance. The Company agrees to issue 9,000,000 shares of the Company’s common stock (the “Shares”)
to the Employee in consideration of his services. Upon issuance of the common stock, the shares shall be considered outstanding
and fully paid. The Shares shall be subject to the following terms and conditions:

 

3.1. Employee’s
Representations. In connection with the issuance and acquisition of the Shares, the Employee hereby represents and warrants
to the Company as follows:

 

3.1.1. The
Employee is acquiring and will hold the Shares for investment for his account only and not with a view to, or for resale in connection
with, any “distribution” thereof within the meaning of the Securities Act of 1933 (the “Securities Act”).

 

3.1.2. The
Employee understands that the Shares have not been registered under the Securities Act by reason of a specific exemption therefrom
and that the Shares must be held indefinitely, unless they are subsequently registered under the Securities Act, or the Employee
obtains an opinion of counsel, in form and substance satisfactory to the Company and its counsel, that such registration is not
required. The Employee further acknowledges and understands that the Company is under no obligation to register the Shares.

 

3.1.3. The
Employee is aware of the adoption of Rule 144 of the Securities and Exchange Commission under the Securities Act, which permits
limited public resales of the securities acquired in a non-public offering, subject to the satisfaction of certain conditions.
The Employee acknowledges and understands that the conditions for resale set forth in Rule 144 have not been satisfied and that
the Company has no plans to satisfy these conditions in the foreseeable future.

 

3.1.4. The
Employee has been furnished with, and has had access to, such information as he considers necessary or appropriate for deciding
whether to invest in the Shares, and has had an opportunity to ask questions and receive answers from the Company regarding the
terms and conditions of the issuance of the Shares.

 

3.1.5.
The Employee is aware that his investment in the Company is a speculative investment that has limited liquidity and is
subject to the risk of complete loss. The Employee is able, without impairing his financial condition to hold the Purchased
Shares for an indefinite period and to suffer a complete loss of his investment in the Purchased Shares.

 

3.2. Limitations
on Transfer of The Shares. The Employee shall not sell, assign, transfer, pledge, hypothecate, mortgage, encumber or otherwise
dispose of all or any of the Shares except as expressly provided in this Agreement. Notwithstanding, the Employee may transfer
all or any of his Shares: (a) by way of gift to any member of his family or to any trust for the benefit of any such family member
or the Employee; provided, however that any such transferee shall agree in writing with the Company, as a condition
to such transfer, to be bound by all of the provisions of this Agreement to the same extent as if such transferee were the Employee,
or by will or the laws of descent and distribution, in which event each transferee shall be bound by all of the provisions of this
Agreement to the same extent as if such transferee were the Employee. As used herein, the word “family” shall include
any spouse, lineal ancestor or descendant, brother or sister.

 

    	-3- 

    	 

    

 

3.3. Right
of First Refusal on Disposition of The Shares.

 

3.3.1. If
at any time the Employee desires to sell for cash any of the Shares pursuant to a bona fide offer from a third party (the “Proposed
Transferee”), the Employee shall submit a written offer (the “Offer”) to sell such Shares (the “Offered
Shares”) to the Company on terms and conditions, including price, not less favorable to the Company than those on which
the Employee proposes to sell such Offered Shares to the Proposed Transferee. The Offer shall disclose the identity of the Proposed
Transferee, the number of Offered Shares proposed to be sold and the price thereof, the total number of Shares owned by the Employee,
and the terms and conditions of, and any other material facts relating to, the proposed sale.

 

3.3.2. The
Company shall have an option for a period of 21 days (the “Company Option Period”) following in receipt of the
Offer to purchase some or all of the Offered Shares in place of the Proposed Transferee. If the Company desires to purchase any
of the Offered Shares, it shall notify the Employee of such election during the Company Option Period, stating the number of Offered
Shares it desires to purchase. Such notice shall, when taken in conjunction with the Offer, be deemed to constitute a valid, legally
binding and enforceable agreement for the sale and purchase of such Offered Shares.

 

3.3.3. If
the Company does not purchase all of the Offered Shares, the Offered Shares not so purchased may be sold by the Employee at any
time within 42 days after the date the Offer was made (i.e. 21 days after the expiration of the option period in Section 3.3.2,
above), subject to the provisions of Section 3.4 and Section 3.5 of this Schedule. Any such sale shall be to the Proposed Transferee
at not less than the price and upon other terms and conditions, if any, not more favorable to the Proposed Transferee than those
specified in the Offer. Any Offered Shares not sold within such 42 day period shall continue to be subject to the requirements
of a prior offer pursuant to this Section 3.3. Offered Shares that are sold pursuant to this Section 3.3 to any person who is not
a party hereto shall no longer be subject to this Schedule.

 

3.4. Additional
Restrictions on Resale.

 

3.4.1. Securities
Law Restrictions. Regardless of whether the offering and sale of the Shares under this Schedule have been registered under
the Securities Act or have been registered or qualified under the securities laws of any state, the Company at its discretion may
impose restrictions upon the sale, pledge or other transfer of the Shares (including the placement of appropriate legends on stock
certificates or the imposition of stop-transfer instructions) if, in the judgment of the Company, such restrictions are necessary
or desirable in order to achieve compliance with the Securities Act, the securities laws of any state or any other law.

 

3.4.2. Market
Stand-Off. In connection with any underwritten public offering by the Company of its equity securities pursuant to an
effective registration statement filed under the Securities Act, including the Company’s initial/primary public
offering, the Employee shall not directly or indirectly sell, make any short sale of, loan, hypothecate, pledge, offer, grant
or sell any option or other contract for the purchase of, purchase any option or other contract for the sale of, or otherwise
dispose of or transfer, or agree to engage in any of the foregoing transactions with respect to, any Purchased Shares without
the prior written consent of the Company or its underwriters. Such restriction (the “Market Stand-Off”)
shall be in effect for such period of time following the date of the final prospectus for the offering as may be requested by
the Company or such underwriters. In no event, however, shall such period exceed 180 days. In the event of the declaration of
a stock dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction
affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional
securities which are by reason of such transaction distributed with respect to any Shares subject to the Market Stand-Off, or
into which such Shares thereby become convertible, shall immediately be subject to the Market Stand-Off. In order to enforce
the Market Stand-Off, the Company may impose stop-transfer instructions with respect to the Purchased Shares until the end of
the applicable standoff period. The Company’s underwriters shall be beneficiaries of the agreement set forth in this
Section 3.4.2. This Section 3.4.2 shall not apply to Shares registered in the public/primary public offering under the
Securities Act, and the Employee shall be subject to this Section 3.4.2 only if all directors, officers, and holders of at
least 25% of the outstanding stock of the Company are subject to similar arrangements. This Section 3.4.2 shall expressly
survive a termination of this Schedule.

 

    	-4- 

    	 

    

 

3.4.3 Lock-Up
Provisions. In addition to the other restrictions provided in this Schedule, the Employee agrees to the following limitations
and lock-up provisions:

 

3.4.3.1
The Employee shall not dispose or convey greater than ten-percent (10%) of the Shares between the first day after the first year
after issuance and the conclusion of the second year after issuance.

 

3.4.3.1
The Employee shall not dispose or convey greater than twenty percent (20%) of the Shares between the conclusion of the first year
up to and after the first day of the third year after issuance.

 

3.4.4 Rights
of the Company. The Company shall not be required to transfer on its books any Shares that have been sold or transferred in
contravention of this Agreement or treat as the owner of Purchased Shares, or otherwise to accord voting, dividend or liquidation
rights to, any transferee to whom Purchased Shares have been transferred in contravention of this Agreement.

 

3.5. Termination
of Restrictions. Section 3.4.3 shall terminate (a) immediately prior to the consummation of the first firm commitment underwritten
public offering to an effective registration statement on Form S-1 (or its then equivalent) under the Securities Act, pursuant
to which the aggregate price paid for the public to purchase of Stock is at least $10.00, or (b) on the fifth anniversary of the
date of this Schedule, whichever occurs first. It is the intent of the Employee to agree to this holding period as an agreed upon
“lock-up” period in consideration of his services to the Corporation.

 

3.6. Enforcement
of Agreement. The Employee expressly agrees that the Company will be irreparably damaged if this Agreement is not specifically
enforced. Upon a breach or threatened breach of the terms, covenants or conditions of this Agreement by the Employee, the Company
shall, in addition to all other remedies, be entitled to a temporary or permanent injunction, without showing any actual damage,
or a decree for specific performance, in accordance with the provisions hereof. If the Employee fails to fulfill any obligation
to sell Shares to the Company under the Agreement, the Company may, at its option, in addition to all other remedies it may have,
send to the Employee the purchase price for such Shares as specified in this Agreement. Thereupon the Company, upon written notice
to the Employee, (a) shall cancel on its books the certificate or certificates representing the Shares to be sold and (b) shall
issue, in lieu thereof, in the name of the Company as treasury shares, a new certificate or certificates representing such Shares,
and all of the Employee’s rights in and to such Shares shall terminate.

 

3.7. Tax
Election. The issuance of the Shares may result in adverse tax consequences that may be avoided or mitigated by filing
an election under Section 83(b) of the Internal Revenue Code of 1986 (the “Section 83(b) Election”) within
30 days after the date of purchase. The Employee acknowledges that he has consulted with his tax advisor to determine the tax
consequences of acquiring the Purchased Shares and the advantages and disadvantages of filing the Section 83(b) Election and
that it is his sole responsibility, and not the Company’s, to file the Section 83(b) Election in a timely manner, even
if the Employee request the Company to make such filing on his behalf.

 

3.8 Legend.
Each certificate evidencing any of the Shares shall bear a legend substantially as follows:

 

THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND MAY NOT BE SOLD, EXCHANGED, TRANSFERRED, PLEDGED, HYPOTHCATED OR OTHERWISE
DISPOSED OF EXCEPT IN ACCORDANCE WITH ANY AND ALL APPLICABLE STATE AND FEDERAL SECURITIES LAWS, AND IN COMPLIANCE WITH THE EMPLOYMENT
AGREEMENT BETWEEN THE COMPANY AND THE SHAREHOLDER.

 

    	-5- 

    	 

    

 

4. Compensation
and Other Consideration. Unless subsequently modified by the Company and Employee in writing, the issuance of the Shares constitutes
the Employee’s compensation.

 

5. Stock Option.
The Company agrees to issue the Employee an option to purchase up to 1,000,000 shares of common stock of the Company per
year at any time prior to the conclusion of the first year of the Agreement, i.e. prior to 365 days after execution of the Agreement,
at a price of .05% per share of the closing price of the Company’s stock quoted on a major exchange one business day
before purchase, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option shall be considered
subject to all rights and restrictions set forth in this Schedule. In the event the Company amends its articles of incorporation
in authorizing a different class of common stock, this option may be mutually amended by the Company and the Employee to apply
the option in this Section 5 to the different class.

 

6. Employee Stock
Option Plan. Employee shall be entitled to participate in the Employee Stock Option Plan of the Company once approved by the
Board of Directors.

 

7. Modification
of Schedule. The Company and Employee acknowledge and agree that modification of this Schedule requires a written document
signed by both parties.

 

8. Vacations
and Paid Time Off. Employee agrees to be bound by the policies and procedures set forth by Company related to vacation and
paid time off, which at the time of execution of the Agreement and this Schedule is three (3) weeks.

 

9. Other Benefits.
The Company agrees to extend other employment benefits provided to other similarly situated key employees consistent with the policies
and procedures of Company, and upon approval by the Board of Directors.

 

IN WITNESS WHEREOF,
the parties have executed this Schedule as of the date first above written.

 

AGREED:

 

EMPLOYEE ATI Nationwide Holding
Corp.

By: Joseph Edu-QuaysonBy:
Alton Perkins

Joseph Edu-QuaysonAlton Perkins

 Chairman of the Board

 

    	-6-Exhibit

Exhibit 10.1
CHRISTOPHER & BANKS CORPORATION

INDEMNIFICATION AGREEMENT
This Indemnification Agreement (“Agreement”) is effective as of __________, by and between Christopher & Banks Corporation, a Delaware corporation (the “Company”), and __________ (“Indemnitee”).
RECITALS

A.    The Company recognizes that competent and experienced persons are increasingly reluctant to serve or to continue to serve as directors and officers of corporations unless they are protected by comprehensive liability insurance or indemnification, or both, due to the increased exposure to litigation costs and risks resulting from their service to such corporations, and due to the fact that the exposure to or risks of shareholder claims or litigation frequently bears no reasonable relationship to the compensation of such directors and officers;
B.    The statutes and judicial decisions regarding the duties of directors and officers are often difficult to apply, ambiguous, or conflicting, and therefore fail to provide such directors and officers with adequate, reliable information as to the legal risks to which they are exposed or regarding the proper course of action to take;
C.    The Company and Indemnitee recognize that plaintiffs often seek damages in such large amounts and the costs of litigation may be so substantial (whether or not the case is meritorious), that the defense and/or settlement of such litigation is often beyond the personal financial resources of individual directors and officers;
D.    The Company believes that it is unfair for its directors and officers to assume the risk of huge judgments and other expenses which may occur in cases in which the director and officer received no personal profit and in cases where the director or officer was not culpable;
E.    The Company, after reasonable investigation, has determined that the liability insurance coverage presently available to the Company may be inadequate in certain circumstances to cover all possible claims for which Indemnitee would be protected. The Company believes that the interests of the Company and its stockholders would be best served by a combination of such insurance and the indemnification by the Company of the directors and officers of the Company;
F.    The Company’s Certificate of Incorporation and Bylaws require the Company to indemnify its directors and officers to the fullest extent permitted by the Delaware General Corporation Law (the “DGCL”).  The Bylaws expressly provide that the indemnification provisions set forth therein are not exclusive, and contemplate that contracts may be entered into between the Company and its directors and officers with respect to indemnification;
G.    Section 145 of DGCL (“Section 145”), under which the Company is organized, empowers the Company to indemnify its officers, directors, employees and agents by agreement and to indemnify persons who serve, at the request of the Company, as the directors, officers, employees 

1

or agents of other corporations or enterprises, and expressly provides that the indemnification provided by Section 145 is not exclusive;
H.    Section 102(b)(7) of the DGCL allows a corporation to include in its certificate of incorporation a provision limiting or eliminating the personal liability of a director for monetary damages in respect of claims by shareholders or corporations for breach of certain fiduciary duties, and the Company has so provided in its Certificate of Incorporation that each director shall be exculpated from such liability to the maximum extent permitted by law;
I.    The Board of Directors of the Company has determined that contractual indemnification as set forth herein is not only reasonable and prudent but also promotes the best interests of the Company and its stockholders;
J.    The Company desires and has requested Indemnitee to serve or continue to serve as a director or officer of the Company free from undue concern for unwarranted claims for damages arising out of or related to such services to the Company; and 
K.    Indemnitee is willing to serve, continue to serve or provide additional service for or on behalf of the Company on the condition that Indemnitee is furnished the indemnity provided herein.
NOW, THEREFORE, the Company and Indemnitee hereby agree as set forth below.
1.    Certain Definitions.
a.    “Change in Control” shall mean, and shall be deemed to have occurred if, on or after the date of this Agreement, (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company acting in such capacity or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, becomes the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing more than 30% of the total voting power represented by the Company’s then outstanding Voting Securities, (ii) during any period of 24 consecutive, full-calendar months, individuals who at the beginning of such period constitute the Board of Directors of the Company and any new director whose election by the Board of Directors or nomination for election by the Company’s stockholders was approved by a vote of at least two thirds (2/3) of the directors then still in office who either were directors at the beginning of such 24-month period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least 50% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or (iv) the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the 

2

Company (in one transaction or a series of related transactions) of all or substantially all of the Company’s assets.
b.    “Claim” shall mean with respect to a Covered Event, any threatened, pending or completed action, suit, proceeding or alternative dispute resolution mechanism, or any hearing, inquiry or investigation that Indemnitee in good faith believes might lead to the institution of any such action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal, administrative, investigative or other.
c.    References to the “Company” shall include, in addition to Christopher & Banks Corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger to which Christopher & Banks Corporation (or any of its wholly owned Subsidiaries) is a party which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, employees, agents or fiduciaries, so that if Indemnitee is or was a director, officer, employee, agent or fiduciary of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had continued.
d.    “Covered Event” shall mean, any event or occurrence related to the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or any Subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity.  For purposes of this Agreement, “agent” shall include acting as a trustee, partner or manager or in a similar capacity.
e.    “Expenses” shall mean any and all expenses (including attorneys’ fees and all other costs, expenses (including travel-related expenses) and obligations incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, to be a witness in or to participate in, any action, suit, proceeding, alternative dispute resolution mechanism, hearing, inquiry or investigation), judgments, fines, penalties and amounts paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld or conditioned) of any Claim and any federal, state, local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement.
f.    “Expense Advance” shall mean a payment of Expenses to, or on behalf of, Indemnitee pursuant to Section 3 in advance of the settlement of or final judgment in any action, suit, proceeding or alternative dispute resolution mechanism, hearing, inquiry or investigation that constitutes a Claim.
g.    “Independent Legal Counsel” shall mean an attorney or firm of attorneys, selected in accordance with the provisions of Section 2(d) hereof, who shall not have otherwise performed services for the Company or one or more indemnitees (including Indemnitee) within the 

3

last two years (other than acting as an Independent Legal Counsel in accordance with the terms of this Agreement).
h.    References to “other enterprises” shall include any other corporation or any partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company; references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to “serving at the request of the Company” shall include any service as a director, officer, employee, agent or fiduciary of the Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or its beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement.
i.    “Reviewing Party” shall mean, subject to the provisions of Section 2(d), any person or body appointed by the Board of Directors in accordance with applicable law to review the Company’s obligations hereunder and under applicable law, which may include (i) a majority of the directors who are not parties to such action, suit or proceeding, even though less than a quorum or (ii) a committee of such directors designated by majority vote of such directors, even though less than a quorum, or (iii) if there are no such directors, or if such directors so direct, by Independent Legal Counsel designated in writing by such directors or the Board of Directors.
j.    “Section” refers to a section of this Agreement unless otherwise indicated.
k.    “Subsidiary” shall mean a corporation or other entity (i) 50% or more of whose outstanding shares or securities (representing the right to vote for the election of directors or other managing authority) are, or (ii) which does not have outstanding shares or securities (as may be the case in a partnership, joint venture or unincorporated association), but 50% or more of whose ownership interest representing the right to make decisions for such other entity is, now or hereafter, owned or controlled, directly or indirectly, by the Company, or one or more Subsidiaries.
l.    “Voting Securities” shall mean any securities of the Company that vote generally in the election of directors.
2.    Indemnification.
a.    Indemnification of Expenses.  Subject to the provisions of Section 2(b) below, the Company shall indemnify Indemnitee for Expenses to the fullest extent permitted by law if Indemnitee was or is or becomes a party to or witness or other participant with respect to, or is threatened to be made a party to or witness or other participant with respect to, any Claim, including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses.  For the avoidance of doubt, the foregoing indemnification obligation includes, without limitation, claims for monetary damages against Indemnitee in respect of an alleged breach of fiduciary duties, to the fullest extent permitted by DGCL Section 102(b)(7).  Such indemnification shall only be provided hereunder if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, with respect to any criminal action, suit or 

4

proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful.  For purposes of any determination under this Agreement, Indemnitee shall be deemed to have acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Company, or, with respect to any criminal action or proceeding, to have had no reasonable cause to believe Indemnitee’s conduct was unlawful, if Indemnitee’s action was based on good faith reliance on the records or books of account of the Company or another enterprise, including financial statements, or on information supplied to Indemnitee by the directors or officers of the Company or another enterprise in the course of their duties, or on the advice of legal counsel for the Company or another enterprise or on information or records given or reports made to the Company or another enterprise by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company or another enterprise. 

b.    Review of Indemnification Obligations.  Notwithstanding the foregoing, in the event any Reviewing Party shall have determined, in good faith ( and in a written opinion, in any case in which Independent Legal Counsel is the Reviewing Party), that Indemnitee is not entitled to be indemnified hereunder, whether pursuant to Section 11 or otherwise, (i) the Company shall have no further obligation under Section 2(a) to make any payments to Indemnitee not made prior to such determination by such Reviewing Party, and (ii) the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all Expenses theretofore paid to Indemnitee to which Indemnitee is not entitled hereunder; provided, however, that if the Reviewing Party’s determination is based on Section 11(a) hereof and Indemnitee has commenced or thereafter commences a legal proceeding or proceedings in a court of competent jurisdiction to secure a determination that Indemnitee is entitled to be indemnified hereunder under applicable law, any determination made by any Reviewing Party that Indemnitee is not entitled to be indemnified shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expenses theretofore paid in indemnifying Indemnitee until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed).  Indemnitee’s obligation to reimburse the Company for any Expenses shall be unsecured and no interest shall be charged thereon unless and until a final judicial determination is made (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee is required to reimburse the Company, after which the Company may charge interest from the date of such determination at such rates as are permitted by applicable law.
c.    Indemnitee Rights on Unfavorable Determination; Binding Effect.  If any Reviewing Party determines that Indemnitee substantively is not entitled to be indemnified hereunder in whole or in part, Indemnitee shall have the right to commence litigation seeking an initial determination by the court challenging any such determination by such Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and, subject to the provisions of Section 18, the Company hereby consents to service of process and to appear in any such proceeding and to use its reasonable efforts to cause the Reviewing Party to cooperate with respect to such proceeding.  Absent such litigation, any determination by any Reviewing Party shall be conclusive and binding on the Company and Indemnitee.
d.    Selection of Reviewing Party; Change in Control.  If there has not been a Change in Control (or, there has been a Change in Control which has been approved by a majority of the Company’s Board of Directors who were directors immediately prior to such Change in Control), 

5

any Reviewing Party shall be selected by the Board of Directors.  If there has been a Change in Control (other than a Change in Control which has been approved by a majority of the Company’s Board of Directors who were directors immediately prior to such Change in Control), any Reviewing Party with respect to all matters thereafter arising concerning the rights of Indemnitee to indemnification of Expenses under this Agreement or any other agreement or under the Company’s Certificate of Incorporation (or articles of incorporation in the case of a Subsidiary incorporated in a state other than Delaware) or Bylaws as now or hereafter in effect, or under any other applicable law, if desired by Indemnitee, shall be Independent Legal Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld, conditioned or delayed).  Such counsel, among other things, shall render its written opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be entitled to be indemnified hereunder under applicable law, and the Company agrees to abide by such opinion.  The Company agrees to pay the reasonable fees of the Independent Legal Counsel referred to above and to indemnify fully such counsel against any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or the engagement of such counsel pursuant hereto.  Notwithstanding any other provision of this Agreement, the Company shall not be required to pay Expenses of more than one Independent Legal Counsel in connection with all matters concerning a single Indemnitee, and such Independent Legal Counsel shall be the Independent Legal Counsel for any or all other Indemnitees unless (i) the employment of separate counsel by one or more Indemnitees has been previously authorized by the Company in writing, or (ii) an Indemnitee shall have provided to the Company a written statement that such Indemnitee has reasonably concluded that there may be a conflict of interest between such Indemnitee and the other Indemnitees with respect to the matters arising under this Agreement.
e.    Mandatory Payment of Expenses.  Notwithstanding any other provision of this Agreement other than Section 11 hereof, to the extent that Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of an action without prejudice, in defense of any Claim, Indemnitee shall be indemnified against all Expenses incurred by Indemnitee in connection therewith.
3.    Expense Advances.
a.    Undertaking; Obligation to Make Expense Advances.  Execution and delivery to the Company of this Agreement by Indemnitee shall constitute an undertaking by the Indemnitee to repay any amounts paid, advanced or reimbursed by the Company pursuant to this Agreement in respect of Expenses relating to, arising out of or resulting from any Claim as to which it shall be determined, in accordance with Section 2(b), following final disposition of such Claim, that the Indemnitee is not entitled to indemnification hereunder.  Upon such execution and delivery of this Agreement by the Indemnitee, and execution and delivery by the Company, the Company shall make Expense Advances to Indemnitee.
b.    Form of Undertaking.  Any obligation to repay any Expense Advances hereunder pursuant to the written undertaking by the Indemnitee contained herein shall be unsecured, and no interest shall be charged thereon, unless and until a court having jurisdiction in such matter has finally judicially determined (as to which determination all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee is so obligated, after which the Company 

6

may charge interest from the date of such determination at such rates as are permitted by applicable law.
4.    Procedures for Indemnification and Expense Advances.
a.    Timing of Payments.  All payments of Expenses (including without limitation Expense Advances) by the Company to the Indemnitee pursuant to this Agreement shall be made to the fullest extent permitted by law as soon as practicable after written demand by Indemnitee therefor is presented to the Company, but in no event later than thirty (30) business days after such written demand by Indemnitee is presented to the Company, except in the case of Expense Advances, which shall be made no later than ten (10) business days after such written demand by Indemnitee is presented to the Company.
b.    Notice/Cooperation by Indemnitee.  Indemnitee shall, as a condition precedent to Indemnitee’s right to be indemnified or Indemnitee’s right to receive Expense Advances under this Agreement, give the Company notice in writing as soon as practicable of any Claim made against Indemnitee for which indemnification will or could be sought under this Agreement.  Notice to the Company shall be directed to the General Counsel of the Company at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing to Indemnitee).  In addition, Indemnitee shall give the Company such information and cooperation as the Company may reasonably require and as shall be within Indemnitee’s power.  Indemnitee shall also not make any admission or enter into or otherwise agree to any settlement with respect to any Claim without the consent of the Company (which consent shall not be unreasonably withheld, conditioned or delayed).
c.    No Presumptions; Burden of Proof.  For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or without court approval) or upon a plea of nolo contendere or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by this Agreement or applicable law.  In addition, neither the failure of any Reviewing Party to have made a determination as to whether Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by any Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by Indemnitee to secure a judicial determination that Indemnitee should be indemnified under this Agreement under applicable law, shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard of conduct or did not have any particular belief.  In connection with any determination by any Reviewing Party or otherwise as to whether the Indemnitee is entitled to be indemnified hereunder under applicable law, the burden of proof shall be on the Company to establish that Indemnitee is not so entitled.
d.    Notice to Insurers.  If, at the time of the receipt by the Company of a notice of a Claim pursuant to Section 4(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt notice of the commencement of such Claim to the insurers in accordance with the procedures set forth in the respective policies.  The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the 

7

Indemnitee, all amounts payable as a result of such Claim in accordance with the terms of such policies.
e.    Selection of Counsel.  In the event the Company shall be obligated hereunder to provide indemnification for or make any Expense Advances with respect to the Expenses of any Claim, the Company, if appropriate and with the consent of the Indemnitee (which consent shall not be unreasonably withheld, conditioned or delayed), shall be entitled to assume the defense of such Claim upon the delivery to Indemnitee of written notice of the Company’s election to do so.  The Company shall be entitled to select legal counsel reasonably acceptable to the Indemnitee for purposes of such defense, and shall consult with Indemnitee regarding the selection of counsel.  After delivery of such notice and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees or expenses of separate counsel subsequently retained by or on behalf of Indemnitee with respect to the same Claim; provided that, (i) Indemnitee shall have the right to employ Indemnitee’s separate counsel in any such Claim at Indemnitee’s expense and (ii) if (A) the employment of separate counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of any such defense, or (C) the Company shall not continue to retain such counsel to defend such Claim, then the fees and expenses of Indemnitee’s separate counsel shall be Expenses for which Indemnitee may receive indemnification or Expense Advances hereunder.
5.    Additional Indemnification Rights:  Nonexclusivity.
a.    Scope.  In the event of any change after the date of this Agreement in any applicable law, statute or rule which expands the right of a Delaware (or such other state, in the case of a Subsidiary incorporated in a state other than Delaware) corporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change.  In the event of any change in any applicable law, statute or rule which narrows the right of a Delaware (or such other state, in the case of a Subsidiary incorporated in a state other than Delaware) corporation to indemnify a member of its board of directors or an officer, employee, agent or fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder, except as otherwise set forth in Section 11(a).
b.    Nonexclusivity.  Subject to Section 7, the indemnification and the payment of Expense Advances provided by this Agreement shall be in addition to any rights to which Indemnitee may be entitled under the Company’s Certificate of Incorporation (or articles of incorporation in the case of a Subsidiary incorporated in a state other than Delaware), its Bylaws, any other agreement, any vote of stockholders or disinterested directors, the DGCL (or such other state’s applicable business corporation law, in the case of a Subsidiary incorporated in a state other than Delaware), or otherwise.  The indemnification and the payment of Expense Advances provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though, subsequent thereto, Indemnitee may have ceased to serve in such capacity.

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6.    Settlement.  The Company shall have no obligation to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Claim affected without the Company’s prior written consent.  The Company shall not settle any Claim in which it takes the position that Indemnitee is not entitled to indemnification in connection with such settlement without the prior written consent of Indemnitee, nor shall the Company settle any Claim in any manner which would impose any fine, penalty or any obligation on Indemnitee, without Indemnitee’s prior written consent.  Neither the Company nor Indemnitee shall unreasonably withhold, condition or delay their consent to any proposed settlement.
7.    No Duplication of Payments.  The Company shall not be liable under this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, provision of the Company’s Certificate of Incorporation, any applicable Subsidiary’s articles of incorporation, Bylaws or otherwise) of the amounts otherwise payable hereunder.
8.    Partial Indemnification.  If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some, or a portion of some, Expenses incurred in connection with any Claim, but not, however, for the entire total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses to which Indemnitee is entitled.
9.    Mutual Acknowledgment.  Both the Company and Indemnitee acknowledge that, in certain instances, federal law or applicable public policy may prohibit the Company from indemnifying its directors, officers, employees, agents or fiduciaries under this Agreement or otherwise.  Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s ability under public policy to indemnify Indemnitee.
10.    Liability Insurance.  To the extent the Company maintains liability insurance applicable to directors, officers, employees, agents or fiduciaries, Indemnitee shall be covered by such policies in such a manner as to provide Indemnitee the same rights and benefits as are provided to the most favorably insured of the Company’s directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer; or of the Company’s key employees, agents or fiduciaries, if Indemnitee is not an officer or director but is a key employee, agent or fiduciary.
11.    Exceptions.  Notwithstanding any other provision of this Agreement, the Company shall not be obligated pursuant to the terms of this Agreement:
a.    Indemnification Prohibited by Law.  To indemnify or make Expense Advances to Indemnitee with respect to Claims arising out of acts, omissions or transactions for which Indemnitee is prohibited from receiving indemnification under applicable law.
b.    Fraud, Willful Misconduct or Crime.  To indemnify or make Expense Advances to Indemnitee with respect to Claims arising out of acts, omissions or transactions (i) that a court having jurisdiction in such matter has finally judicially determined (as to which determination all rights of appeal therefrom have been exhausted or lapsed) constitute fraud or 

9

willful misconduct by Indemnitee; (ii) that Indemnitee has admitted in writing or under testimony constitute fraud or willful misconduct by Indemnitee; or (iii) for which Indemnitee has been convicted of a crime related to the Claim.
c.    Claims Initiated by Indemnitee.  To indemnify or make Expense Advances to Indemnitee with respect to Claims initiated or brought voluntarily by Indemnitee and not by way of defense, counterclaim or crossclaim, except (i) with respect to actions or proceedings brought to establish or enforce a right to indemnification under this Agreement or any other agreement or insurance policy or under the Company’s Certificate of Incorporation (or articles of incorporation in the case of a Subsidiary incorporated in a state other than Delaware) or Bylaws now or hereafter in effect relating to Claims for Covered Events, (ii) in specific cases, if the Board of Directors has approved the initiation or bringing of such Claim, or (iii) as otherwise required under Section 145 of the Delaware General Corporation Law (or other applicable section of the business corporation law of a Subsidiary incorporated in a state other than Delaware), regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, Expense Advances, or insurance recovery, as the case may be.
d.    Claims Under Section 16(b).  To indemnify Indemnitee for Expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, or any similar successor statute, rule or regulation.
e.    Non-compete and Non-disclosure.  To indemnify Indemnitee in connection with proceedings or claims involving the enforcement of non-compete and/or non-disclosure agreements or the non-compete and/or non-disclosure provisions of employment, consulting or similar agreements the Indemnitee may be a party to with the Company, or any subsidiary of the Company or any other applicable foreign or domestic Company, partnership, joint venture, trust or other enterprise, if any.
12.    Contribution.

a.    In order to provide for just and equitable contribution in circumstances in which the indemnification provided for herein is held by a court of competent jurisdiction to be unavailable to Indemnitee in whole or in part, it is agreed that, in such event, the Company shall, to the fullest extent permitted by law, contribute to the payment of Indemnitee’s costs, charges and expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement with respect to any action, suit or proceeding, whether civil, criminal, administrative or investigative, in an amount that is just and equitable in the circumstances, taking into account, among other things, contributions by other directors and officers of the Company or others pursuant to indemnification agreements or otherwise; provided, that, without limiting the generality of the foregoing, such contribution shall not be required where such holding by the court is due to (i) the failure of Indemnitee to meet the standard of conduct required by applicable law, or (ii) any limitation on indemnification set forth in Sections 6, 7 or 11 hereof.
b.    The Company shall not enter into any settlement of any action, suit, claim or proceeding in which the Company is jointly and severally liable with Indemnitee (or would be, if joined in such action, suit, claim or proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee.

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c.    The Company hereby agrees to fully indemnify and hold harmless Indemnitee from any and all claims for contribution which may be brought by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee.

13.    Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall constitute an original.
14.    Binding Effect:  Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), spouses, heirs and personal and legal representatives.  The Company shall require and cause any successor (whether direct or indirect, and whether by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.  This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as a director, officer, employee, agent or fiduciary (as applicable) of the Company or of any other enterprise at the Company’s request.
15.    Expenses Incurred in Action Relating to Enforcement or Interpretation.  In the event that any action is instituted by Indemnitee under this Agreement or under any liability insurance policies maintained by the Company to enforce or interpret any of the terms hereof or thereof, Indemnitee shall be entitled to be indemnified for all Expenses incurred by Indemnitee with respect to such action (including without limitation attorneys’ fees), regardless of whether Indemnitee is ultimately successful in such action, unless, as a part of such action, a court having jurisdiction over such action makes a final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee’s action was not made in good faith or was frivolous; provided, however, that until such final judicial determination is made, Indemnitee shall be entitled under Section 3 to receive payment of Expense Advances hereunder with respect to such action.  In the event of an action instituted by or in the name of the Company under this Agreement to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be indemnified for all Expenses incurred by Indemnitee in defense of such action (including without limitation costs and expenses incurred with respect to Indemnitee’s counterclaims and cross-claims made in such action), unless, as a part of such action, a court having jurisdiction over such action makes a final judicial determination (as to which all rights of appeal therefrom have been exhausted or lapsed) that the defense asserted by Indemnitee in such action was not made in good faith or was frivolous; provided, however, that until such final judicial determination is made, Indemnitee shall be entitled under Section 3 to receive payment of Expense Advances hereunder with respect to such action.
16..    Term.  All agreements and obligations of the Company contained in this Agreement shall continue during the period Indemnitee serves as a director or officer of the Company or, at the request of the Company (or any wholly owned subsidiary of the Company), serves as a director, officer, employee or agent (which, for purposes hereof, shall include a trustee, fiduciary, partner or manager or similar capacity) of another company (including any subsidiaries of the Company), partnership, joint venture, trust, employee benefit plan or other enterprise, and shall continue 

11

thereafter so long as Indemnitee may be subject to any possible action, suit, claim or proceeding (including any rights of appeal thereto and any proceeding commenced by Indemnitee pursuant to Section 2(c) or Section 15 hereof) by reason of Indemnitee’s service described herein, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under this Agreement.
17.    Notice.  All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if delivered by hand and signed for by the party addressed, on the date of such delivery, or (ii) if mailed by domestic certified or registered mail with postage prepaid, on the third business day after the date postmarked.  Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice to the other.
18.    Consent to Jurisdiction.  The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be commenced, prosecuted and continued only in the Court of Chancery of the State of Delaware in and for New Castle County, which shall be the exclusive and only proper forum for adjudicating such a claim.
19.    Severability.  The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law.  Furthermore, to the fullest extent possible, the provisions of this Agreement (including without limitation each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable that is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable.
20.    Choice of Law.  This Agreement, and all rights, remedies, liabilities, powers and duties of the parties to this Agreement, shall be governed by and construed in accordance with the laws of the State of Delaware as applied to contracts between Delaware residents entered into and to be performed entirely in the State of Delaware without regard to principles of conflicts of laws.
21.    Subrogation.  In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights.
22.    Amendment and Termination.  No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is in writing signed by both the parties hereto.  No waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.
23.    Integration and Entire Agreement.  This Agreement sets forth the entire understanding between the parties hereto and supersedes and merges all previous written and oral negotiations, 

12

commitments, understandings and agreements relating to the subject matter hereof between the parties hereto.
24.    No Construction as Employment Agreement; Conflicts with Employment Agreements.  Nothing contained in this Agreement shall be construed as giving Indemnitee any right to be retained in the employ of the Company or any of its Subsidiaries or affiliated entities.  In the event the Indemnitee is a party to an Employment Agreement with the Company or any of its subsidiaries or affiliated entities and the terms of this Agreement conflict with the terms of the Employment Agreement, the Employment Agreement shall control and this Agreement shall be deemed modified to the extent necessary to give effect to the terms of the Employment Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement as of the date first above written.
	
		
	CHRISTOPHER & BANKS CORPORATION

	 
	 

	By:
	 

	Name:
	[Insert name of President & CEO or General Counsel, as appropriate]

	Title:
	[President & Chief Executive Officer/General Counsel]

	Address:
	2400 Xenium Lane North

	 
	Plymouth, MN 55441

	 
	 

	AGREED TO AND ACCEPTED

	 
	 

	INDEMNITEE:

	 
	 

	 
	 

	Name:
	[Insert name of officer or director]

	Title:
	[Title of officer/director]

	Address:
	 

	 
	 

	 
	 

	 
	 

13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}]]