Document:

Amended and Substituted Unsecured Subordinated Promissory Note

 Exhibit 4.8 
 THIS INSTRUMENT AND THE OBLIGATIONS EVIDENCED HEREBY ARE EXPRESSLY SUBORDINATED PURSUANT TO THAT CERTAIN SUBORDINATION AGREEMENT, DATED AS OF AUGUST 15, 2006 (THE “SUBORDINATION AGREEMENT”), AMONG THE
PAYEE OF THIS INSTRUMENT AND ITS AFFILIATES, IRWIN UNION BANK, F.S.B. (THE “SENIOR CREDITOR”), AND METROPARK USA, INC., A DELAWARE CORPORATION, FORMERLY KNOWN AS SANTA BARBARA STREET ASYLUM, INC. (“BORROWER”). EACH
SUCCESSIVE HOLDER OF THIS INSTRUMENT OR ANY PORTION HEREOF, OR OF ANY RIGHTS OBTAINED HEREUNDER, BY ITS ACCEPTANCE HEREOF OR THEREOF, AGREES (1) TO BE BOUND BY THE TERMS OF THE SUBORDINATION AGREEMENT AND (2) THAT IF ANY CONFLICT EXISTS
BETWEEN THE TERMS OF THIS INSTRUMENT OR ANY DOCUMENT EXECUTED IN CONNECTION WITH THE DELIVERY OF THIS INSTRUMENT AND THE TERMS OF THE SUBORDINATION AGREEMENT, THE TERMS OF THE SUBORDINATION AGREEMENT SHALL GOVERN AND BE CONTROLLING. 
 AMENDED AND SUBSTITUTED 
 UNSECURED
SUBORDINATED PROMISSORY NOTE 
  

			
	 	 	Amended and Substituted dated August 15, 2006
	 $1,109,469.28
	 	Los Angeles, California

 FOR VALUE RECEIVED, METROPARK USA, INC., a Delaware corporation f/k/a SANTA
BARBARA STREET ASYLUM, INC. (the “Borrower”), hereby promises to pay to the order of BRICOLEUR PARTNERS, L.P. (the “Lender”), on the Maturity Date (as defined below), or on such earlier date as provided in this Note, the
principal amount of ONE MILLION ONE HUNDRED NINE THOUSAND FOUR HUNDRED SIXTY-NINE DOLLARS AND 28/100 DOLLARS ($1,109,469.28), or, if less, the then outstanding principal amount of Loans (as defined below) made pursuant to this Amended and
Substituted Unsecured Subordinated Promissory Note (this “Note”), together with interest on the outstanding principal balance of this Note at a rate per annum equal to the Applicable Rate (as defined below). Capitalized terms used but not
defined herein shall have the meanings given such terms in the Note and Warrant Purchase Agreement between Lender and Borrower dated as of December 17, 2003 (the “Note Purchase Agreement”). 
 1.    Principal and Interest; Maturity Date. 
 (a)    The outstanding principal balance of all Loans (as defined below), together with any accrued but unpaid interest thereon not otherwise paid in accordance with the terms
of this Note, all be payable in full on the date (the “Maturity Date”) which is the earlier to occur of: (a) Borrower’s receipt of a Notice of Default (as defined below) and (b) January 31, 2010. 
 (b)    In addition to the foregoing, Borrower hereby agrees that the unpaid principal amount of all Loans outstanding
hereunder shall accrue interest at a rate per annum equal to the Applicable Rate. For purposes of this Note, “Applicable Rate” means, for any day, a rate of interest equal to six percent (6%) per annum. Borrower agrees to pay all
interest, compounded annually and computed on the basis of a 360-day year of twelve 30-day months on the unpaid principal balance hereof, from the date a Loan is 

 
ymade to Borrower (“Drawdown Date”) until paid in full in like coin or currency, quarterly on
March 31, June 30, September 30, and December 31 in each year commencing on the Drawdown Date until a final payment of all accrued unpaid interest on the Maturity Date. Notwithstanding anything herein to the contrary,
on and after the Maturity Date accrued interest on the Loans shall be payable on demand. Under no circumstances will the rate of interest chargeable hereunder be in excess of the maximum amount permitted by law. If excess interest is charged and
paid in error, then the excess amount will be promptly refunded. 
 2.    Funding Mechanics. 
 (a)    Within fifteen (15) days after Lender’s receipt of a written notice of drawdown executed by Borrower
(“Drawdown Notice”) a form of which is attached as Exhibit A-1 hereto, Lender agrees to advance funds to Borrower from time to time in the form of loans (each such advance, a “Loan”) until the Maturity Date;
provided, however, that in no event shall the aggregate principal amount of all Loans advanced hereunder at any time exceed $1,109,469.28 and provided further, that no Event of Default (as defined below) has occurred and is continuing. Loans repaid
may not be reborrowed by Borrower. 
 3.    Prepayment; Interest on Defaulted Amount. 
 (a)    This Note may be prepaid in whole or in part at any time without premium or penalty; provided, however, that
the covenants set forth in Sections 5 and 6 of the Note Purchase Agreement shall survive so long as all Lenders under the Note Purchase Agreement hold at least twenty-five percent (25%) of Borrower’s Series A or Series B Convertible
Preferred Stock. This Note is not subject to mandatory prepayment. 
 (b)    Notwithstanding the
Lender’s rights under Section 5 below, should the Borrower default on all or any portion of its obligation to pay principal or accrued interest hereunder (the “Defaulted Amount”), interest shall accrue on the Defaulted Amount at
a rate per annum equal to two percent 2% in excess of the Applicable Rate from the date of such default until such obligation shall be discharged. 
 4.    Payments. All payments of principal and interest on this Note shall be made by the Borrower in lawful money of the United States of America, to the Lender at its address as shown on the records of the
Borrower or at such other location as it may designate in writing to the Borrower, in each case without setoff, recoupment or counterclaim. 
 5.    Events of Default. Upon the occurrence of; and during the continuation of, any of the following events of default (“Events of Default”), at the option of the Lender and upon a written notice to the
Borrower by such Lender (a “Notice of Default”), the outstanding principal balance of this Note and all accrued but unpaid interest thereon and other amounts payable hereafter shall become immediately due and payable: 
 (a)    the failure to make any required payment of the principal balance of this Note when due and payable, or the
failure to make any required payment of any accrued interest thereon within ten (10) days after the delivery of written notice by the Lender to the Borrower of said failure to pay; 
  

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 (b)    there shall occur a default in the due and punctual
performance or observance of any term, covenant, condition, agreement or provision, contained in this Note, the Note Purchase Agreement, any other related loan documents or the Series A Financing Documents, to be performed or observed by the
Borrower, other than as specified in this Section 5, which is not cured within thirty (30) days after the delivery of written notice to the Borrower of said default, or if not capable of being cured within thirty (30) days, the
Borrower commences efforts to cure said default within said thirty (30) days and thereafter diligently pursues such cure to completion in the reasonable opinion of the Lender, but not to exceed a total of sixty (60) days after such notice;

 (c)    the Borrower shall (i) make an assignment for the benefit of creditors; (ii) apply
for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business or such a receiver or trustee otherwise shall be appointed; or (iii) admit in writing its inability to pay its debts as they
mature; 
 (d)    bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings
for relief under any bankruptcy law or any law for the relief of debtors (i) shall be instituted by the Borrower, or (ii) shall be instituted against the Borrower, and shall not have been vacated by appropriate order of a court within
sixty (60) days of being instituted; or 
 (e)    on the date of a Drawdown Notice and at any time
during the year after such notice has been issued, Orval Madden is no longer Chief Executive Officer of Borrower for any reason, including by reason of death, disability, resignation or termination of employment. 
 6.    Representations and Warranties of Borrower. The Borrower hereby represents and warrants to the Lender as of the date of
this Note, and as of the date of each Loan made hereunder, as follows: 
 (a)    Organizational
Existence, Power and Authority. The Borrower is duly organized and validly existing as a corporation under the laws of the State of Delaware. The Borrower is qualified to do business as a corporation in each jurisdiction where the nature of its
activities or its properties owned or leased makes such qualification necessary. The Borrower has all requisite legal and organizational power and authority to execute and deliver to the Lender this Note and to carry out and perform its obligations
under this Note. 
 (b)    No Violation or Conflict. Neither the execution of this Note nor the
undertaking of the obligations contained herein, will (i) violate any provision of the organizational documents of the Borrower, (ii) constitute an event which would permit any party to terminate, or accelerate the maturity of any
indebtedness or other obligation under, any contracts, indenture, mortgage, note, bond, license or other instrument or obligation of the Borrower, (iii) result in the creation or imposition of any lien, charge, pledge, security interest or
other encumbrance in favor of any third party upon the property of the Borrower, or (iv) violate or conflict with or result in a breach of any provision of any law, statute, rule, regulation, order, permit, judgment, injunction, decree or other
decision of any court or other tribunal or any governmental entity or agency binding on the Borrower or its properties, or conflict with or result in the breach of any of the terms, conditions or provisions thereof. 
 (c)    Due Authorization; Consents. All corporate action on the part of the Borrower and its managers,
officers, and members necessary for the authorization, execution and delivery of, and the performance of all obligations of the Borrower under, this Note has been taken. This Note has been duly executed and delivered by the Borrower and constitutes
a valid and binding obligation 
  

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 of the Borrower enforceable in accordance with its terms, subject, as to enforcement of remedies, to
applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally and to general equitable principles. Borrower is in compliance with all applicable covenants under the Note Purchase Agreement.

 7.    Miscellaneous. 
 (a)    No failure or delay of any party in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise
available. 
 (b)    This Note shall be binding upon the Borrower, its successors and assigns, and shall
inure to the benefit of the Lender, and its heirs, personal representatives, successors and assigns. 
 (c)    This Note shall be governed by the laws of the State of California without regard to its conflict of laws provisions. 
 (d)    All actions and proceedings in any way, manner or respect arising out or from or related to this Note, shall be litigated in the courts having its situs within the City of Los Angeles, State
of California. 
 (e)    This Note and the other writings referred to herein contain the entire agreement
among the Lender and the Borrower with respect to the transactions contemplated hereby and supersede any and all prior agreements and understandings, written or oral, between the Lender and the Borrower. 
 (f)    This Note may be amended or modified only with the consent of the Lender and the Borrower. 
 8.    No Novation. This Note is in partial substitution for and replacement of that certain Unsecured Subordinated Promissory
Note issued on December 17, 2003 in the original aggregate principal amount of $708,000, made by Borrower to Lender under the Note Purchase Agreement (as such Unsecured Subordinated Promissory Note shall have been amended and substituted prior
to the date hereof, collectively, the “Original Note”), and is made in substitution of such Original Note and not in satisfaction of any portion of such Original Note. This Note shall not be deemed to constitute a novation. 
  

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 IN WITNESS WHEREOF, the Borrower has caused this Note to be signed in its name by its Chief Executive
Officer as of the date first set forth above. 
  

			
	METROPARK USA, INC.
		
	By:	 	 /s/ Jay A. Johnson

	Name:	 	 Jay A. Johnson

	Its:	 	 CFO & Secretary

 [Signature Page to Amended and Substituted Subordinated Promissory Note] 

 ALLONGE 
 (Bricoleur Partners, L.P.) 
 This Allonge is hereby attached to and made a part of
the Amended and Substituted Unsecured Subordinated Promissory Note dated August 15, 2006 (the “Note”) executed by METROPARK USA, INC., a Delaware corporation (“Borrower”) in the original
principal amount of $1,109,469.28 in favor of BRICOLEUR PARTNERS, L.P. (“Lender”). All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Note.

 Section 3(b) of the Note is hereby amended by adding the following sentence to the end thereof: 
 “In addition, notwithstanding the Lender’s rights under Section 5
below, (i) should the Borrower default on its obligation to repay the outstanding principal and interest then due under this Note in full at the times stated in Section 3(b)(ii) of the Subordination Agreement dated as of March 20th, 2008 (the “Subordination Agreement”) among Lender, certain affiliates of Lender, Wells Fargo
Retail Finance, LLC, as administrative agent, and Borrower, subject to the proviso set forth therein, or (ii) should the Borrower fail to make Restricted Payments to Lender concurrently with its initial Public Offering (as defined in the
Subordination Agreement) to the extent permitted by Section 3(c) of the Subordination Agreement, subject to the proviso set forth therein, interest shall accrue on the outstanding principal balance of this Note and accrued and unpaid interest
thereon at a rate per annum equal to two percent (2%) in excess of the Applicable Rate from the date of such default until such obligation shall be discharged.” 
 IN WITNESS WHEREOF, the parties hereto have caused this Allonge to be executed and
delivered by their duly authorized officers or representatives on March 20th, 2008.

  

			
	 METROPARK USA, INC.

		
	 By:
	 	 /s/ Jay A. Johnson

	 Name:
	 	 Jay A. Johnson

	 Title:
	 	 Vice Chairman

	
	 BRICOLEUR PARTNERS, L.P.

		
	 By:
	 	 /s/ Robert M. Poole

	 Name:
	 	 Robert M. Poole

	 Title:
	 	 MGMT Board MemberForm of Indemnity Agreement

 Exhibit 10.1 
 METROPARK USA, INC. 
 INDEMNITY AGREEMENT 
 THIS INDEMNITY AGREEMENT (this “Agreement”) dated as of
                         , 2008, is made by and between METROPARK USA, INC., a
Delaware corporation (the “Company”), and
                                        
 (“Indemnitee”). 
 RECITALS 
 A.     The Company desires to attract and retain the services of highly qualified individuals as directors,
officers, employees and agents. 
 B.     The Company’s Amended and Restated Bylaws (as
amended, the “Bylaws”) require that the Company indemnify its directors and officers, and empowers the Company to indemnify its employees and agents, as authorized by the Delaware General Corporation Law, as amended (the
“Code”), under which the Company is organized and such Bylaws expressly provide that the indemnification provided therein is not exclusive and contemplates that the Company may enter into separate agreements with its directors,
officers and other persons to set forth specific indemnification provisions. 
 C.     Indemnitee
does not regard the protection currently provided by applicable law, the Company’s governing documents and available insurance as adequate under the present circumstances, and the Company has determined that Indemnitee and other directors,
officers, employees and agents of the Company may not be willing to serve or continue to serve in such capacities without additional protection. 
 D.     The Company desires and has requested Indemnitee to serve or continue to serve as a director, officer, employee or agent of the Company, as the case may be, and has proferred this
Agreement to Indemnitee as an additional inducement to serve in such capacity. 
 E.    
Indemnitee is willing to serve, or to continue to serve, as a director, officer, employee or agent of the Company, as the case may be, if Indemnitee is furnished the indemnity provided for herein by the Company. 
 AGREEMENT 
 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the parties hereto, intending to be legally bound, hereby agree as follows: 
 1.     Definitions. 
         (a)     Agent. For purposes of this Agreement, the term “agent” of the Company means any person who:
(i) is or was a director, officer, employee or other fiduciary of the Company, a subsidiary of the Company or an employee benefit plan of the Company or a subsidiary of the Company; or (ii) is or was serving at the request or for the
convenience of, or representing the interests of, the Company or a subsidiary of the Company, as a director, officer, employee or other fiduciary of a foreign or domestic corporation, partnership, joint venture, trust or other enterprise.

  

 1. 

         (b)    
Expenses. For purposes of this Agreement, the term “expenses” shall be broadly construed and shall include, without limitation, all direct and indirect costs of any type or nature whatsoever (including, without limitation, all
attorneys’, witness, or other professional fees and related disbursements, premiums, security for and other costs relating to any bonds and other out-of-pocket costs of whatever nature), actually and reasonably incurred by Indemnitee in
connection with the investigation, defense or appeal of a proceeding or establishing or enforcing a right to indemnification under this Agreement, the Code or otherwise, and amounts paid in settlement by or on behalf of Indemnitee. The term
“expenses” shall also include reasonable compensation for time spent by Indemnitee for which he is not compensated by the Company or any subsidiary or third party (i) for any period during which Indemnitee is not an agent, in the
employment of, or providing services for compensation to, the Company or any subsidiary; and (ii) if the rate of compensation and estimated time involved is approved by the directors of the Company who are not parties to any action with respect
to which expenses are incurred, for Indemnitee while an agent of, employed by, or providing services for compensation to, the Company or any subsidiary. 
         (c)     Proceeding. For purposes of this Agreement, the term “proceeding” shall be broadly construed and shall include,
without limitation, any threatened, pending, or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in
the right of the Company or otherwise and whether of a civil, criminal, administrative or investigative nature, and whether formal or informal in any case, in which Indemnitee was, is or will be involved as a party or otherwise by reason of:
(i) the fact that Indemnitee is or was a director or officer of the Company; (ii) the fact that any action taken by Indemnitee or of any action on Indemnitee’s part while acting as director, officer, employee or agent of the Company;
or (iii) the fact that Indemnitee is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, and in any such
case described above, whether or not serving in any such capacity at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses may be provided under this Agreement. 
         (d)     Subsidiary. For purposes of this Agreement, the
term “subsidiary” means any corporation or limited liability company of which more than 20% of the outstanding voting securities or equity interests are owned, directly or indirectly, by the Company and one or more of its subsidiaries, and
any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary.

         (e)     Independent Counsel. For
purposes of this Agreement, the term “independent counsel” means a law firm, or a partner (or, if applicable, member) of such a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five
(5) years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party, or (ii) any other party to the proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term 

  

 2. 

 
“independent counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a
conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 
 2.     Consideration. The Company acknowledges that it has entered into this Agreement and assumes the obligations imposed on it hereby, in addition to and separate from its
obligations to Indemnitee under the Bylaws, to induce Indemnitee to serve, or continue to serve, as a director, officer, employee or agent of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a
director, officer, employee or agent of the Company. 
 3.     Indemnification. 

        (a)     Indemnification in Third Party Proceedings.
Subject to Section 10 below, the Company shall indemnify Indemnitee, if Indemnitee is a party to or threatened to be made a party to or otherwise involved in any proceeding, for any and all expenses, actually and reasonably incurred by
Indemnitee in connection with the investigation, defense, settlement or appeal of such proceeding. 
         (b)     Indemnification in Derivative Actions and Direct Actions by the Company. Subject to Section 10 below, the Company shall indemnify Indemnitee, if
Indemnitee is a party to or threatened to be made a party to or otherwise involved in any proceeding by or in the right of the Company to procure a judgment in its favor, against any and all expenses actually and reasonably incurred by Indemnitee in
connection with the investigation, defense, settlement, or appeal of such proceedings. 
 4.    
Indemnification of Expenses of Successful Party. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any proceeding or in defense of any claim,
issue or matter therein, including the dismissal of any action without prejudice, the Company shall indemnify Indemnitee against all expenses actually and reasonably incurred in connection with the investigation, defense or appeal of such
proceeding. 
 5.     Partial Indemnification. If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a portion of any expenses actually and reasonably incurred by Indemnitee in the investigation, defense, settlement or appeal of a proceeding, but is precluded by applicable
law or the specific terms of this Agreement to indemnification for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 
 6.     Advancement of Expenses. To the extent not prohibited by law, the Company shall advance the
expenses incurred by Indemnitee in connection with any proceeding, and such advancement shall be made within twenty (20) days after the receipt by the Company of a statement or statements requesting such advances (which shall include invoices
received by Indemnitee in connection with such expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to expenditures made that would cause Indemnitee to waive any privilege accorded by
applicable law shall not be included with the 

  

 3. 

 
invoice) and upon request of the Company, an undertaking to repay the advancement of expenses if and to the extent that it is ultimately determined by a
court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. Advances shall be unsecured, interest free and without regard to Indemnitee’s ability to repay the
expenses. Advances shall include any and all expenses actually and reasonably incurred by Indemnitee pursuing an action to enforce Indemnitee’s right to indemnification under this Agreement, or otherwise and this right of advancement, including
expenses incurred preparing and forwarding statements to the Company to support the advances claimed. Indemnitee acknowledges that the execution and delivery of this Agreement shall constitute an undertaking providing that Indemnitee shall, to the
fullest extent required by law, repay the advance if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the
Company. The Company shall not initiate any proceeding seeking repayment of any advanced expenses pursuant to the foregoing undertaking other than (a) in connection with the underlying and operative proceeding for which Indemnitee has received
such advanced expenses or (b) any such proceeding initiated in Delaware Chancery Court following a final judgment, not subject to appeal, by a court of competent jurisdiction of the underlying and operative proceeding for which Indemnitee
received such advanced expenses. The right to advances under this Section shall continue until final disposition of any proceeding, including any appeal therein. This Section 6 shall not apply to any claim made by Indemnitee for which indemnity
is excluded pursuant to Section 10(b). 
 7.     Notice and Other Indemnification
Procedures. 
         (a)     Notification of
Proceeding. Indemnitee will notify the Company in writing promptly upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any proceeding or matter which may be subject to
indemnification or advancement of expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise. 
         (b)     Request for Indemnification and Indemnification
Payments. Indemnitee shall notify the Company promptly in writing upon receiving notice of any demand, judgment or other requirement for payment that Indemnitee reasonably believes to be subject to indemnification under the terms of this
Agreement, and shall request payment thereof by the Company. Indemnification payments requested by Indemnitee under Section 3 hereof shall be made by the Company no later than sixty (60) days after receipt of the written request of
Indemnitee. Claims for advancement of expenses shall be made under the provisions of Section 6 herein. 
         (c)     Application for Enforcement. In the event the Company fails to make timely payments as set forth in Sections 6 or 7(b) above, Indemnitee shall have
the right to apply to any court of competent jurisdiction for the purpose of enforcing Indemnitee’s right to indemnification or advancement of expenses pursuant to this Agreement. In such an enforcement hearing or proceeding, the burden of
proof shall be on the Company to prove that indemnification or advancement of expenses to Indemnitee is not required under this Agreement or permitted by applicable law. Any determination by the Company (including its Board of Directors,
stockholders or independent counsel) that Indemnitee is not entitled to indemnification hereunder, shall not be a defense by the 

  

 4. 

 
Company to the action nor create any presumption that Indemnitee is not entitled to indemnification or advancement of expenses hereunder. 
         (d)     Indemnification of Certain Expenses. The
Company shall indemnify Indemnitee against all expenses incurred in connection with any hearing or proceeding under this Section 7 unless the Company prevails in such hearing or proceeding on the merits in all material respects. 
 8.     Assumption of Defense. In the event the Company shall be requested by Indemnitee to pay the
expenses of any proceeding, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, or to participate to the extent permissible in such proceeding, with counsel reasonably acceptable to Indemnitee. Upon assumption of
the defense by the Company and the retention of such counsel by the Company, the Company shall not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same proceeding, provided
that Indemnitee shall have the right to employ separate counsel in such proceeding at Indemnitee’s sole cost and expense. Notwithstanding the foregoing, if Indemnitee’s counsel delivers a written notice to the Company stating that such
counsel has reasonably concluded that there is an actual or potential conflict of interest between the Company and Indemnitee in the conduct of any such defense or the Company shall not, in fact, have employed counsel or otherwise actively pursued
the defense of such proceeding within a reasonable time, then in any such event the fees and expenses of Indemnitee’s counsel to defend such proceeding shall be subject to the indemnification and advancement of expenses provisions of this
Agreement. 
 9.     Insurance. The Company shall maintain an insurance policy or policies
providing insurance for directors, officers, employees, or agents of the Company or of any subsidiary (“D&O Insurance”). Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum
extent of the coverage available for any such director, officer, employee or agent under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has D&O Insurance in effect, the
Company shall give prompt notice of the commencement of such proceeding 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 Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies. Regardless of whether any claim is recognized as a valid claim and amounts are paid out by an insurance
company under any applicable D&O Insurance policy, the Company shall not be relieved of its obligations under this Agreement; provided, however, that in event any such insurance company payments are made on behalf of Indemnitee, the Company
shall not be liable to Indemnitee for such amounts. D&O Insurance shall be bound on or before the effective date of the Company’s registration statement on Form S-1 filed with the Securities and Exchange Commission for the initial public
offering of its common stock. 
  

 5. 

 10.     Exceptions. 
           (a)    Certain Matters. Any provision herein
to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee on account of any proceeding with respect to (i) remuneration paid to Indemnitee if it is determined by final
judgment or other final adjudication that such remuneration was in violation of law (and, in this respect, both the Company and Indemnitee have been advised that the Securities and Exchange Commission believes that indemnification for liabilities
arising under the federal securities laws is against public policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for adjudication, as indicated in Section 10(d) below);
(ii) a final judgment rendered against Indemnitee for an accounting, disgorgement or repayment of profits made from the purchase or sale by Indemnitee of securities of the Company against Indemnitee or in connection with a settlement by or on
behalf of Indemnitee to the extent it is acknowledged by Indemnitee and the Company that such amount paid in settlement resulted from Indemnitee’s conduct from which Indemnitee received monetary personal profit, pursuant to the provisions of
Section 16(b) of the Securities Exchange Act of 1934, as amended, or other provisions of any federal, state or local statute or rules and regulations thereunder; (iii) a final judgment or other final adjudication that Indemnitee’s
conduct was in bad faith, knowingly fraudulent or deliberately dishonest or constituted willful misconduct (but only to the extent of such specific determination); or (iv) on account of conduct that is established by a final judgment as
constituting a breach of Indemnitee’s duty of loyalty to the Company or resulting in any personal profit or advantage to which Indemnitee is not legally entitled. For purposes of the foregoing sentence, a final judgment or other adjudication
may be reached in either the underlying proceeding or action in connection with which indemnification is sought or a separate proceeding or action to establish rights and liabilities under this Agreement. The Company shall not initiate any
proceeding seeking repayment of any expenses advanced to Indemnitee in connection with any proceeding described in the first sentence of this Section 10(a) other than (A) in connection with the applicable proceeding described in the first
sentence of this Section 10(a) or (B) any such proceeding initiated in Delaware Chancery Court following a final judgment or other final adjudication, as applicable under the first sentence of this Section 10(a), of the applicable
proceeding described in the first sentence of this Section 10(a). 
           (b)    Claims Initiated by Indemnitee. Any provision herein to the contrary notwithstanding, the Company shall not be obligated to indemnify or
advance expenses to Indemnitee with respect to proceedings or claims initiated or brought by Indemnitee against the Company or its directors, officers, employees or other agents and not by way of defense, except (i) with respect to proceedings
brought to establish or enforce a right to indemnification under this Agreement or under any other agreement, provision in the Bylaws or Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) or
applicable law, or (ii) with respect to any other proceeding initiated by Indemnitee that is either approved by the Board of Directors or Indemnitee’s participation is required by applicable law. However, indemnification or advancement of
expenses may be provided by the Company in specific cases if the Board of Directors determines it to be appropriate. 
           (c)    Unauthorized Settlements. Any provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of
this Agreement to indemnify Indemnitee under this Agreement for any amounts paid in settlement of a proceeding effected without the Company’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold 

  

 6. 

 
consent to any proposed settlement; provided, however, that the Company may in any event decline to consent to (or to otherwise admit or agree to any
liability for indemnification hereunder in respect of) any proposed settlement if the Company is also a party in such proceeding and determines in good faith that such settlement is not in the best interests of the Company and its stockholders; and
provided further, however, that Indemnitee may in any event decline to consent to any proposed settlement if Indemnitee is also a party in such proceeding and determines in good faith that such settlement is not in his or her best interests.

           (d)    Securities Act
Liabilities. Any provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee or otherwise act in violation of any undertaking appearing in and required by
the rules and regulations promulgated under the Securities Act of 1933, as amended (the “Act”), or in any registration statement filed with the SEC under the Act. Indemnitee acknowledges that paragraph (h) of Item 512 of
Regulation S-K currently generally requires the Company to undertake in connection with any registration statement filed under the Act to submit the issue of the enforceability of Indemnitee’s rights under this Agreement in connection with any
liability under the Act on public policy grounds to a court of appropriate jurisdiction and to be governed by any final adjudication of such issue. Indemnitee specifically agrees that any such undertaking shall supersede the provisions of this
Agreement and to be bound by any such undertaking. 
 11.     Nonexclusivity and Survival of
Rights. The provisions for indemnification and advancement of expenses set forth in this Agreement shall not be deemed exclusive of any other rights which Indemnitee may at any time be entitled under any provision of applicable law, the
Company’s Certificate of Incorporation, Bylaws or other agreements, both as to action in Indemnitee’s official capacity and Indemnitee’s action as an agent of the Company, in any court in which a proceeding is brought, and
Indemnitee’s rights hereunder shall continue after Indemnitee has ceased acting as an agent of the Company and shall inure to the benefit of the heirs, executors, administrators and assigns of Indemnitee. The obligations and duties of the
Company to Indemnitee under this Agreement shall be binding on the Company and its successors and assigns. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially
all of the business or assets of the Company, expressly to assume and agree in writing 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. In the
event of a conflict between this Agreement and the Bylaws with respect to indemnification of the Company’s directors or any other right to indemnification or advancement of expenses with respect to indemnification of the Company’s
directors, this Agreement shall govern. The Company’s Board of Directors may not, retrospectively or prospectively, narrow or limit, but may expand, the indemnification protections afforded its directors in its Bylaws that will become effective
upon the closing of its initial public offering (it being understood and agreed that the foregoing shall in no manner prohibit or restrict the ability of the Company’s stockholders to adopt, amend or repeal the Bylaws). 
 No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under
this Agreement in respect of any action taken or omitted by such Indemnitee in his or her corporate status prior to such amendment, alteration or repeal. To the extent that a change in the Code, whether by statute or judicial decision, permits
greater 

  

 7. 

 
indemnification or advancement of expenses than would be afforded currently under the Company’s Certificate of Incorporation, Bylaws and this Agreement,
it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right
and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, by Indemnitee
shall not prevent the concurrent assertion or employment of any other right or remedy by Indemnitee. 
 12.     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, at the request and
expense of the Company, shall execute all papers required and shall do everything that may be reasonably necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce
such rights. 
 13.     Interpretation of Agreement. It is understood that the parties
hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by law. 
 14.     Severability. If any provision of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever, (a) the validity,
legality and enforceability of the remaining provisions of the Agreement (including without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not
themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this
Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal
or unenforceable and to give effect to Section 13 hereof. 
 15.     Amendment and
Waiver. No supplement, modification, amendment, termination, or cancellation of this Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of any other provision hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 
 16.     Notice. Except as otherwise provided herein, any notice or demand which, by the provisions hereof, is required or which may be given to or served upon the parties hereto shall be in writing and, if
by telegram, telecopy or telex, shall be deemed to have been validly served, given or delivered when sent, if by overnight delivery, courier or personal delivery, shall be deemed to have been validly served, given or delivered upon actual delivery
and, if mailed, shall be deemed to have been validly served, given or delivered three (3) business days after deposit in the United States mail, as registered or certified mail, with proper postage prepaid and addressed to the party or parties
to be notified at the addresses set forth on the signature page of this Agreement (or such other address(es) as a party may designate for itself by like notice). If to the Company, notices and demands shall be delivered to the attention of the
Secretary of the Company. 
  

 8. 

 17.     Governing Law. This Agreement shall be governed
exclusively by and construed according to the laws of the State of Delaware. 
 18.    
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute but one and the same Agreement. Only one such counterpart
need be produced to evidence the existence of this Agreement. 
 19.     Headings. The
headings of the sections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction hereof. 
 20.     Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior
agreements, understandings and negotiations, written and oral, between the parties with respect to the subject matter of this Agreement; provided, however, that this Agreement is a supplement to and in furtherance of the Company’s Certificate
of Incorporation, Bylaws, the Code and any other applicable law, and shall not be deemed a substitute therefore, and does not diminish or abrogate any rights of Indemnitee thereunder. 
  

 9. 

 IN WITNESS WHEREOF,
the parties hereto have entered into this Agreement effective as of the date first above written. 
  

			
	 METROPARK USA, INC.

		
	 By:
	 	 
		 	 Name: Efthimios P. Sotos

		 	 Title:   Chief Operating and Financial
             Officer and Secretary

	
	 INDEMNITEE

	
	 
	 Signature of Indemnitee

	
	 
	 Print or Type Name of Indemnitee

  
  
 [Signature Page To Indemnification Agreement]

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