Document:

EXHIBIT 10.29

  

OLD POINT FINANCIAL CORPORATION

TIME-BASED RESTRICTED STOCK AGREEMENT

Granted <<AWARD DATE>>

This Time-Based Restricted Stock Agreement (this "Agreement") is entered into as of <<AWARD DATE>> (the "Award Date") pursuant to Article VII of the Old Point Financial Corporation 2016 Incentive Stock Plan (the "Plan") and evidences the grant of Restricted Stock and the terms, conditions and restrictions pertaining thereto (the "Award") to <<NAME>> (the "Participant").

WHEREAS, Old Point Financial Corporation (the "Company") maintains the Plan under which the Committee or the Board may, among other things, award shares of the Company's common stock (the "Stock") to such non-employee directors of the Company and its Subsidiaries as the Committee or the Board may determine, subject to terms, conditions and restrictions as it may deem appropriate; and

WHEREAS, pursuant to the Plan and upon recommendation of the Committee, the Board has awarded to the Participant a restricted stock award conditioned upon the execution by the Company and the Participant of this Agreement setting forth all the terms and conditions applicable to such award;

NOW, THEREFORE, in consideration of the benefits which the Company expects to be derived from the services rendered to it and its subsidiaries by the Participant and of the covenants contained herein, the parties hereby agree as follows:

	1.	
Award of Shares.  Under the terms and conditions of the Plan, the Board has awarded to the Participant a restricted stock award as of the Award Date covering <<NUMBER>> shares of Stock (the "Award Shares"), subject to the terms, conditions and restrictions set forth in this Agreement.

	2.	
Period of Restriction and Vesting in the Award Shares.

	
(a)

	
Subject to earlier vesting or forfeiture as provided below, the period of restriction (the "Period of Restriction") applicable to the Award Shares is the period from the Award Date through <<VESTING DATE>> with vesting in the Award Shares being 100% if the Participant's service as a member of the Board of Directors of the Company or its Subsidiaries continues through such date.

	
(b)

	
Notwithstanding any other provision of this Agreement to the contrary:

		(i)	
If the Participant's service as a member of the Board of Directors of the Company and its subsidiaries is terminated during the Period of Restriction due to his or her death or Disability (as determined by the Committee in its sole discretion), any remaining Period of Restriction applicable to the Award Shares at the date of such termination of service shall automatically terminate and such Award Shares shall be free of restrictions and freely transferable as of such date.

		(ii)	
If the Participant's service as a member of the Board of Directors of the Company and its subsidiaries is terminated during the Period of Restriction due to retirement [(as defined in the applicable Company policy on the Award Date)] [at or after age [●], with [●] full years of service,] with the consent of the Committee ("Retirement"), any remaining Period of Restriction applicable to the Award Shares at the date of such termination of service shall automatically terminate and such Award Shares shall be free of restrictions and freely transferable as of such date.

		(iii)	
If the Participant's service as a member of the Board of Directors of the Company and its subsidiaries is terminated during the Period of Restriction for any reason not set forth in Section 2(b)(i) or Section 2(b)(ii), and not occurring in connection with a Change in Control, the Committee may, in its sole discretion, waive the automatic forfeiture of any or all unvested Award Shares otherwise provided in Section 6 and provide for such vesting as it deems appropriate subject to such new restrictions, if any, applicable to such Award Shares as it deems appropriate.

		(iv)	
If a "Change in Control" of the Company occurs during the Period of Restriction and the Participant has remained in service as a member of the Board of Directors of the Company or any of its subsidiaries through the date such "Change in Control" occurs, any remaining Period of Restriction applicable to the Award Shares at the date such Change in Control occurs shall automatically terminate and such Award Shares shall be free of restrictions and freely transferable as of such date.

		(c)	
Except as contemplated in Section 2(a) or 2(b), the Award Shares may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated during the Period of Restriction; provided, however, that this Section 2(c) shall not prevent transfers by will or by the applicable laws of descent and distribution.

	3.	
Stock Certificates.  The Award Shares shall be registered on the Company's stock transfer books in the name of the Participant in book-entry or electronic form or in certificated form as determined by the Committee.  If issued in certificated form, physical possession of the stock certificate(s) shall be retained by the Company until such time as the Period of Restriction terminates and such Award Shares become transferable or are forfeited hereunder.

During the Period of Restriction, any Award Shares issued in book-entry or electronic form shall be subject to the following legend, and any certificate(s) evidencing the Award Shares shall bear the following legend:

The sale or other transfer of the shares of stock represented by this certificate, whether voluntary, involuntary, or by operation of law, is subject to certain restrictions on transfer set forth in the Old Point Financial Corporation 2016 Incentive Stock Plan, in the rules and administrative procedures adopted pursuant to such Plan, and in a restricted stock agreement dated <<AWARD DATE>>.  A copy of the Plan, such rules and procedures, and such restricted stock agreement may be obtained from the Human Resource Director of Old Point Financial Corporation.

	4.	
Voting Rights.  During the Period of Restriction, the Participant may exercise full voting rights with respect to the Award Shares.

	5.	
Dividends and Other Distributions.  During the Period of Restriction, the Participant shall be entitled to receive all dividends and other distributions paid with respect to the Award Shares (other than dividends or distributions that are paid in shares of Stock).  If, during the Period of Restriction, any dividends or distributions paid with respect to the Award Shares are paid in shares of Stock, such shares shall be registered in the name of the Participant and, if issued in certificated form, deposited with the Company as provided in Section 3, and such shares shall be subject to the same restrictions on vesting and transferability as the Award Shares with respect to which they were paid.

	6.	
Forfeiture on Termination of Service.  If the Participant's service as a member of the Board of Directors of the Company and its subsidiaries ceases prior to the end of the Period of Restriction and Paragraph 2(b) does not apply or has not applied, then any Award Shares subject to restrictions at the date of such termination of service shall be automatically forfeited to the Company upon the date of such termination of service.

	7.	
No Right to Continued Service.  Nothing under the Plan or in this Agreement shall confer upon the Participant any right to continued affiliation with the Company or its subsidiaries (including service as a member of the Board of Directors of the Company or any subsidiary) or in any way affect the Company's right to terminate Participant's service without prior notice at any time for any or no reason (subject to applicable law and the terms of any agreement between the Participant and the Company or a subsidiary).

	8.	
Certain Tax Matters.  The Participant shall provide the Company with a copy of any election made pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended from time to time, and similar provision of state law (collectively, an "83(b) Election").  If the Participant wishes to make an 83(b) Election, he or she must do so within a very limited period of time.  The Participant acknowledges that he or she has been advised to consult with his or her tax advisor to determine if an 83(b) Election is appropriate and further acknowledges that the Participant is solely responsible for the payment of any taxes that may be due to any federal, state or local tax authority and the Company is under no obligation to ensure any such taxes are paid by the Participant.

	9.	
Administration.  The Committee shall have full authority and discretion (subject only to the express provisions of the Plan) to decide all matters relating to the administration and interpretation of the Plan and this Agreement.  All such Committee determinations shall be final, conclusive and binding upon the Company and the Participant.

	10.	
Notices.  Any notice to the Company required under or relating to this Agreement shall be in writing and addressed to:

Old Point Financial Corporation

Attention: Human Resources

1 West Mellen Street

Hampton, Virginia 23663

Any notice to the Participant required under or relating to this Agreement shall be in writing and addressed to the Participant at the Participant's address as it appears on the records of the Company.

	11.	
Governing Law.  This Agreement shall be construed and administered in accordance with and governed by the laws of the Commonwealth of Virginia.

	12.	
Successors.  This Agreement shall be binding upon and inure to the benefit of the successors, assigns, heirs and legal representatives of the respective parties.

	13.	
Entire Agreement; Amendment and Termination.  This Agreement contains the entire understanding of the parties.  No amendment or termination of this Agreement that would be adverse to the rights of the Participant shall be made by the Board, the Committee or the plan administrator at any time without the written consent of the Participant.  No amendment or termination of the Plan will adversely affect the right, title and interest of the Participant under this Agreement or to the Award granted hereunder without the written consent of the Participant.

	14.	
Severability.  The various provisions of this Agreement are severable in their entirety.  Any determination of invalidity or unenforceability of any one provision shall have no effect on the continuing force and effect of the remaining provisions.

	15.	
Capitalized Terms.  Capitalized terms in this Agreement have the meaning assigned to them in the Plan, unless this Agreement provides, or the context requires, otherwise.

	16.	
Plan and Prospectus.  A copy of the Plan, as well as a prospectus for the Plan, has been provided to the Participant, and the Participant acknowledges receipt thereof.

	17.	
Electronic Delivery and Signatures.  The Participant hereby consents and agrees to electronic delivery of share(s) of Stock, Plan documents, proxy materials, annual reports and other related documents.  If the Company establishes procedures for an electronic signature system for delivery and acceptance of Plan documents, the Participant hereby consents to such procedures and agrees that his or her electronic signature is the same as, and shall have the same force and effect as, his or her manual signature.  The Participant consents and agrees that any such procedures and delivery may be effected by a third party engaged by the Company to provide administrative services related to the Plan.

To evidence its grant of the Award and the terms, conditions and restrictions thereof, the Company has signed this Agreement as of the Award Date. This Agreement shall not become legally binding unless the Participant has signed this Agreement no later than the thirtieth (30th) day after the Award Date (or such later date as the Chairman of the Committee may accept).  If the Participant fails to timely sign this Agreement, the Award shall be cancelled and forfeited ab initio.

OLD POINT FINANCIAL CORPORATION                      PARTICIPANT

   

<< NAME>> << NAME>>

<<TITLE>>

Date: <<AWARD DATE>>                              Date:EX-10.1

 Exhibit 10.1 

Destination Maternity Corporation 

232 Strawbridge Drive 

Moorestown, NJ 08057 
 April 2, 2018

 Orchestra-Prémaman S.A. 

200 Avenue des Tamaris 
 ZAC Saint-Antoine 

Saint-Aunes, 34130 
 France 

Attn: Pierre-André Mestre 
 Yeled Invest S.A. 

318 rue de Neudorf 

L-2222 
 Luxembourg 

Attn: Fons Mangen 
 Support Agreement

 Gentlemen: 
 This letter (this
“Agreement”) constitutes the agreement between Destination Maternity Corporation, a Delaware corporation (the “Company”), Orchestra-Prémaman S.A., a
société anonyme organized under the laws of France (“Orchestra”), and Yeled Invest S.A., a société anonyme organized under the laws of Luxembourg (“Yeled” and together with
Orchestra, the “Investors”). The Company, Orchestra and Yeled are each referred to herein from time to time as a “Party” and are collectively referred to herein as the “Parties.” 

1.    Appointment of New Directors. Effective as of the date of execution of this Agreement, the Company’s
Board of Directors (the “Board”) and all applicable committees of the Board have taken all action necessary to increase the size of the Board to six members and to appoint and seat Pierre-André Mestre and Jean Claude Jacomin
(each a “Designee” and together, the “Designees”) to the Board with each of their terms expiring at the Company’s 2018 Annual Meeting of Stockholders (including any adjournment or postponement thereof, the
“Annual Meeting”). The Parties agree that if, at any time during the Restricted Period, either Designee is unable to serve as a director and therefore resigns as a director, or is removed as a director, the Investors shall be
entitled to name a substitute person to replace the Designee, provided, that, such substitute person must have no material conflict with the Company or its businesses, be “independent” pursuant to the listing rules of Nasdaq, meet the
Company’s eligibility and qualification standards for directors in effect on the date of this Agreement, and be reasonably acceptable to the Board and its Nominating and Corporate Governance Committee. 

2.    Committee Matters. 

(a)    Immediately following the appointment of the Designees to the Board, the Board will appoint Jean Claude Jacomin to
the Audit Committee of the Board and Pierre-André 
  

 Mestre to the Nominating and Corporate Governance Committee of the Board; provided, however, that in the event
that such Designee does not meet the eligibility and qualification standards for membership on such committee applicable to all of its members, including under applicable listing rules of Nasdaq, such Designee shall not be appointed to such
committee. 
 (b)    Immediately following the appointment of the Designees to the Board, the Board will form and
maintain for the duration of the Restricted Period a Business Initiatives Committee of the Board (the “Business Initiatives Committee”) and shall appoint, seat and keep as members of the Business Initiatives Committee each of the
Designees and two other members of the Board, with a director other than the Designees serving as chair of the Business Initiatives Committee. The Business Initiatives Committee’s responsibility will be to advise and consult with the
Company’s management and report to the full Board on matters respecting the Company’s business initiatives. The Company, its management and its Board will provide reasonable and timely cooperation to the Business Initiatives Committee.

 (c)    Other than the Business Initiatives Committee, the Board will not form any new committees or subcommittees of
the Board during the Restricted Period unless each of the Designees is appointed to each such committee or subcommittee. 

3.    Election Support. Subject to the Investors’ compliance with this Agreement and both of the
Designees’ written consent to serve as a member of the Board if elected at the Annual Meeting, the Company will (a) include the Designees on the Company’s slate of directors for election at the Annual Meeting, (b) recommend that
the Company’s stockholders vote in favor of the election of the Designees, (c) include the Designees in the Company’s proxy statement and proxy card for the Annual Meeting and (d) otherwise support the Designees for election in a
manner no less rigorous and favorable than the manner in which the Company supports its other nominees. 

4.    Director Benefits. The Designees will be entitled to the same director benefits as other members of the
Board, including (a) compensation for his service as a director and reimbursement for his expenses on the same basis as all other non-employee directors of the Company; (b) equity-based compensation
grants and other benefits, if any, on the same basis as all other non-employee directors of the Company; and (c) the same rights of indemnification (including as set forth in the form of Indemnification
Agreement attached hereto as Exhibit A) and directors’ and officers’ liability insurance coverage as the other non-employee directors of the Company as such rights may exist from time to time. 

5.    Voting Commitment. Subject to the Company’s performance of its obligations under this Agreement, at the
Annual Meeting, the Investors will (a) cause all Voting Securities that are owned (beneficially or of record) by them as of the date hereof and all Voting Securities acquired hereafter to be present for quorum purposes and (b) vote, or
cause to be voted, all Voting Securities owned (beneficially or of record) by them as of the date hereof and all Voting Securities acquired hereafter (i) in favor of all of the Company’s nominees for director (and not in favor of any other
nominees); (ii) in favor of the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 2, 2019; (iii) in accordance with the Board’s
recommendation with respect to the Company’s “say-on-pay” proposal; and (iv) in accordance with the Board’s recommendation with respect to any
other proposal presented at the Annual Meeting. 

  
 -2- 

 6.    Standstill. Except with the prior written consent of the
Company, at all times during the Restricted Period, each of the Investors agrees not to, directly or indirectly, and will cause each of its respective Affiliates, Associates, principals, directors, officers, employees and agents and representatives
acting on its behalf (collectively, the “Restricted Persons”) not to, directly or indirectly, with respect to the Company (subject to the Company’s performance of its obligations under this Agreement): 

(a)    engage in any “solicitation” (as such term is defined under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)) of proxies or consents with respect to the election or removal of directors or any other matter or proposal or become a “participant” (as such term is defined in Instruction 3 to Item 4 of
Schedule 14A promulgated under the Exchange Act) in any such solicitation of proxies or consents, other than soliciting proxies on behalf of the Company in accordance with the recommendation of the Board; 

(b)    knowingly encourage, advise or influence any other Person or knowingly assist any Person in so encouraging, advising
or influencing any Person with respect to the giving or withholding of any proxy, consent or other authority to vote or in conducting any type of referendum, binding or non-binding, (other than such
encouragement, advice or influence that is consistent with the recommendation of the Board in connection with such matter); 

(c)    form, join or act in concert with any partnership, limited partnership, syndicate or other group, including a
“group” as defined pursuant to Section 13(d) of the Exchange Act with respect to any Voting Securities, other than solely with other Affiliates with respect to Voting Securities now or hereafter owned by them; 

(d)    make or in any way participate, directly or indirectly, in, or make any public statement regarding, any tender
offer, exchange offer, merger, consolidation, acquisition, business combination, sale of a division, sale of substantially all assets, recapitalization, restructuring, liquidation, dissolution or extraordinary transaction involving the Company or
any of its subsidiaries or its or their securities or assets (it being understood that the foregoing shall not restrict the Investor from tendering shares, receiving payment for shares or otherwise participating in any such transaction on the same
basis as other stockholders of the Company, or from participating in any such transaction that has been approved by the Board); or make, directly or indirectly, any proposal, either alone or in concert with others, to the Company or the Board that
would reasonably be expected to require a public announcement regarding any of the types of matters set forth above in this Section 6; 

(e)    acquire, offer or agree to acquire directly or indirectly, through any swap or hedging transaction or otherwise, any
security of the Company or any right decoupled from such underlying security that would result in the Investors owning, controlling or otherwise having any beneficial or other ownership interest of the then-outstanding Voting Securities in excess of
that percentage interest represented by their ownership of Voting Securities as of the date hereof; 

  
 -3- 

 (f)    other than through open market broker sale transactions where the
identity of the purchaser is unknown, sell, offer or agree to sell directly or indirectly, through any swap or hedging transaction or otherwise, any security of the Company or any right decoupled from such underlying security held by the Investor to
any Person that would knowingly result in such Person, together with its Affiliates, owning, controlling or otherwise having any beneficial or other ownership interest in the aggregate of 10% or more of the then-outstanding Voting Securities or
would increase the beneficial or other ownership interest of any Person who, together with its Affiliates, has a beneficial or other ownership interest in the aggregate of 10% or more of the then-outstanding Voting Securities, except in each case in
a transaction approved by the Board; 
 (g)    enter into a voting trust, arrangement or agreement or subject any Voting
Securities to any voting trust, arrangement or agreement, in each case other than solely with other Affiliates of the Investor, with respect to Voting Securities now or hereafter owned by them and other than granting proxies in solicitations
approved by the Board; 
 (h)    (i) seek, alone or in concert with others, election or appointment to, or representation
on, the Board or nominate or propose the nomination of, or recommend the nomination of, any candidate to the Board, except as set forth herein, (ii) seek, alone or in concert with others, the removal of any member of the Board; or
(iii) conduct any referendum of stockholders; 
 (i)    make or be the proponent of any stockholder proposal
(pursuant to Rule 14a-8 under the Exchange Act or otherwise); 
 (j)    seek to
call, or to request the call of, or call a special meeting of the stockholders of the Company, or make any request for stock list materials or other books and records of the Company under Section 220 or the General Corporation Law of the State
of Delaware or other provisions (whether statutory, regulatory or otherwise) providing for shareholder access to books and records; 

(k)    except as set forth herein, make any public proposal with respect to (i) any change in the number or term of
directors or the filling of any vacancies on the Board, (ii) any material change in the capitalization of the Company, (iii) any other material change in the Company’s management, business or corporate structure, (iv) any waiver,
amendment or modification to the Company’s certificate of incorporation or bylaws, or other actions which may impede the acquisition of control of the Company by any person, (v) causing a class of securities of the Company to be delisted
from, or to cease to be authorized to be quoted on, any securities exchange or (vi) causing a class of equity securities of the Company to become eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act;

 (l)    institute, solicit, assist or join any litigation, arbitration or other proceeding against or involving the
Company or any of its current or former directors or officers (including derivative actions) in order to effect or take any of the actions expressly prohibited by this Section 6; provided, however, that for the avoidance of doubt the foregoing
shall not prevent any Restricted Person from (i) bringing litigation to enforce the provisions of this Agreement, (ii) making counterclaims with respect to any proceeding initiated by, or on behalf of, the Company against a Restricted
Person, (iii) bringing bona fide commercial disputes that do not relate to the subject matter of this Agreement, or (iv) exercising statutory appraisal rights; 

  
 -4- 

 (m)    assist, encourage or solicit, or enter into any negotiations,
agreements or understandings with any third party to take any action that the Investor is prohibited from taking pursuant to this Section 6; 

(n)    make any request or submit any proposal, directly or indirectly, to amend or waive the terms of this Agreement, in
each case which would reasonably be expected to result in a public announcement of such request or proposal; or 

(o)    otherwise take, or solicit, cause or encourage others to take, any action inconsistent with any of the foregoing.

 Notwithstanding anything to the contrary, nothing in this Agreement (x) shall prohibit or restrict any director of the Company, including the
Designees, from exercising his or her rights and fiduciary duties as a director of the Company, or (y) prohibit the Investors from (i) voting their shares as they see fit in connection with any strategic transaction or business combination
involving the Company and a third party unaffiliated with the Investors, (ii) making public statements in connection with any such transaction or combination unless it has been unanimously approved by the Board, or (iii) tendering their
shares in the Company into any tender offer for shares of the Company made by a third party unaffiliated with the Investors. 

7.    Non-Disparagement. Subject to applicable law, each of the Parties
covenants and agrees that, during the Restricted Period, it and its respective Affiliates, Associates, officers and directors will not in any way publicly disparage, call into disrepute or otherwise defame or slander the other Party or such other
Party’s Affiliates, Associates, officers (including any current or former officer of such other Party), directors (including any current or former director of such other Party), employees, stockholders, agents, attorneys or representatives, or
any of their businesses, products or services, in any manner that would reasonably be expected to damage the business or reputation of such other Party. This Section 7 will not apply to any statement made in connection with any action to
enforce this Agreement. 
 8.    Representations by the Investors and by the Company. 

(a)    The Investors represent and warrant to the Company that, as of the date of this Agreement, they, together with
Pierre-André Mestre, own (beneficially and of record) in the aggregate 1,923,820 shares of the Company’s common stock, of which 1,000 shares are owned (beneficially and of record) directly by Pierre-André Mestre. 

(b)    The Company represents and warrants to the Investors that, as of the date of this Agreement, to the knowledge of
the Company’s CEO, CFO and Board of Directors: (i) the Company’s current cash and working capital positions, expected operating cash flows and available borrowing capacity will be sufficient to fund the Company’s cash
requirements for working capital and capital expenditures for the next six months; and (ii) the Company will not be in material breach of a material agreement within the next six months. 

  
 -5- 

 9.    Public Disclosure. Without the prior written consent of the
other Parties, a Party may not publicly disclose this Agreement or the existence of this Agreement unless such Party is advised by counsel that such disclosure is required under applicable law, rule, regulation or stock exchange requirement, in
which case such Party shall do no more than describe this Agreement and, if required, disclose a copy of this Agreement. 

10.    Definitions. As used in this Agreement, the term (a) “Person” will be interpreted broadly
to include, among others, any individual, general or limited partnership, corporation, limited liability or unlimited liability company, joint venture, estate, trust, group, association or other entity of any kind or structure; (b)
“Affiliate” has the meaning set forth in Rule 12b-2 promulgated under the Exchange Act, and will include Persons who become Affiliates of any Person after the date of this Agreement; (c)
“Associate” has the meaning set forth in Rule 12b-2 promulgated under the Exchange Act and will include Persons who become Associates of any Person after the date of this Agreement, but will
exclude any Person not controlled by or under common control with the related Person; (d) “Voting Securities” means the shares of the Company’s common stock and any other securities of the Company entitled to vote in the
election of directors, or securities convertible into, or exercisable or exchangeable for, such shares or other securities, whether or not subject to the passage of time or other contingencies; (e) “Restricted Period” means the
period commencing on the date of this Agreement and ending on the earlier of (i) 30 calendar days prior to the beginning of the advance-notice period for the submission by stockholders of director nominations for consideration at the Company’s
2019 Annual Meeting of Stockholders (as established by the Company’s bylaws), (ii) the Company’s breach of its performance obligations under this Agreement and (iii) the occurrence of a Resignation Event; and (f) “Resignation
Event” means both Designees’ resignation from the Board and all applicable committees following any one or more of the following: (i) the Company’s representation in Section 8(b) proving to have been inaccurate as of the
date of this Agreement, (ii) any filing of an involuntary bankruptcy petition or similar state law dissolution or liquidation proceeding against the Company within six months of the date of this Agreement that is not dismissed with prejudice
within 30 days of filing, (iii) any filing of a voluntary bankruptcy petition or similar state law dissolution or liquidation proceeding by the Company that was not approved by the Designees as directors, (iv) any breach by the Company of
a covenant in a material contract of the Company, the notice of which is duly delivered by the counterparty thereto to the Company within six months of the date of this Agreement, (v) the discovery by a Designee of criminal or materially
detrimental civil malfeasance or misfeasance at the Company, or (vi) the material failure of the Company’s management, the Business Initiatives Committee or the Board to pursue the intended purposes of the Business Initiatives Committee or
to adopt in meaningful part the recommendations thereof; provided, however, that solely for purposes of Section 6, during the period commencing on the date of this Agreement and ending on the earlier of the completion of the Annual Meeting and
June 30, 2018, the occurrence of any of the events described in clauses (i), (iv) and (vi) shall not give rise to a Resignation Event. 

11.    Specific Performance. Each Party acknowledges and agrees that money damages may not be a sufficient remedy
for any breach (or threatened breach) of this Agreement by it and that, in the event of any breach or threatened breach of this Agreement, (a) the Party seeking specific performance will be entitled to injunctive and other equitable relief; and
(b) the Party against whom specific performance is sought agrees to waive any applicable right or requirement that a bond be posted. Such remedies will not be the exclusive remedies for a breach of this Agreement, but will be in addition to all
other remedies available at law or in equity. 

  
 -6- 

 12.    Entire Agreement; Binding Nature; Assignment; Waiver. This
Agreement constitutes the only agreement between the Parties with respect to the subject matter of this Agreement and it supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written. This Agreement binds,
and will inure to the benefit of, the Parties and their respective successors and permitted assigns. No Party may assign or otherwise transfer either this Agreement or any of its rights, interests, or obligations under this Agreement without the
prior written approval of the other Party. No amendment, modification, supplement or waiver of any provision of this Agreement will be effective unless it is in writing and signed by the affected Party, and then only in the specific instance and for
the specific purpose stated in such writing. Any waiver by any Party of a breach of any provision of this Agreement will not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of
this Agreement. 
 13.    Severability. If any provision of this Agreement is held invalid or unenforceable by
any court of competent jurisdiction, then the other provisions of this Agreement will remain in full force and effect. Any provision of this Agreement that is held invalid or unenforceable only in part or degree will remain in full force and effect
to the extent not held invalid or unenforceable, and this Agreement will otherwise be construed so as to effectuate the original intention of the Parties reflected in this Agreement. The Parties further agree to replace such invalid or unenforceable
provision of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the purposes of such invalid or unenforceable provision. 

14.    Governing Law; Venue. This Agreement shall be governed by, and construed and enforced in accordance with,
the laws of the State of Delaware. Each Party hereby irrevocably and unconditionally submits to the exclusive jurisdiction of any State or Federal court sitting in Delaware over any suit, action or proceeding arising out of or relating to this
Agreement. Each Party hereby irrevocably and unconditionally waives any objection to the placing of venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such
court has been brought in an inconvenient forum. 
 15.    Counterparts. This Agreement may be executed
simultaneously in separate counterparts, each of which shall be deemed an original, but which together shall constitute one and the same instrument. 

16.    Headings. The headings set forth in this Agreement are for convenience of reference purposes only and will
not affect or be deemed to affect in any way the meaning or interpretation of this Agreement or any term or provision of this Agreement. 

[Signature page follows.] 

  
 -7- 

 
	
	 Very truly yours,
  

Destination Maternity Corporation

	
	/s/ Ronald J. Masciantonio
	 Name: Ronald J. Masciantonio
 Title:
Executive Vice President & Chief
 Administrative Officer

  

	
	 Accepted and agreed to as of the date
 first set
forth above:

	
	 Orchestra-Prémaman S.A.

/s/ Pierre Mestre

	 Name: Pierre Mestre
 Title:
Chairman

	
	Yeled Invest S.A.
	
	/s/ Pierre Mestre
	 Name: Pierre Mestre
 Title:
Administrateur

  
 -8- 

 EXHIBIT A 

Form of Indemnification Agreement

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