UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re METROPARK USA, INC. Debtor. Case No.

11 22866(RDD) Chapter 11 FOURTH INTERIM AGREED ORDER AUTHORIZING LIMITED USE OF CASH COLLATERAL AND GRANTING ADEQUATE PROTECTION

CAME ON FOR CONSIDERATION the Motion of the Debtor For (I) Use of Cash Collateral; (II) Granting Adequate Protection; (III) Scheduling a Final Hearing; and (IV) Granting Related Relief (the Cash Collateral Motion) filed by Metropark USA, Inc., the debtor and debtor-in-possession (Metropark or the Debtor), pursuant to 105, 361, 362(a) and 363(c), of Title 11 of the United States Code (the Bankruptcy Code), and Rules 4001 and 6003 of the Federal Rules of Bankruptcy Procedure (the Bankruptcy Rules) and Local Rule 4001-2 of the United States Bankruptcy Court for the Southern District of New York (the Local Rules), seeking authority for the Debtor to use Cash Collateral of Wells Fargo Bank, National Association (as successor by merger to Wells Fargo Retail Finance, LLC), as administrative agent and collateral agent (in such capacities, together with any successors in such capacities, the Prepetition Agent), and the other Credit Parties referred to in the Prepetition Senior Credit Agreement

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(together with the Prepetition Agent, collectively, the Prepetition Senior Secured Parties)1; The Debtor, the Prepetition Agent, and the Committee have represented to the Court that they have agreed in good faith to the terms and conditions of this Fourth Interim Agreed Order Authorizing Limited Use of Cash Collateral and Granting Adequate Protection (the Fourth Interim Cash Collateral Order). The Court finds

notice of the hearing on the interim and final relief granted herein to have been sufficient and appropriate as required under the Bankruptcy Rules and under the particular circumstances of this Case (as defined below). PROCEDURAL HISTORY After a hearing on May 4, 2011 (the Interim Hearing), and based upon the Affidavit of Cynthia Harriss Pursuant to Local Bankruptcy Rule 1007-2, the evidentiary record adduced at the Hearing, and the representations of counsel for the Debtor and for the Prepetition Agent, this Court entered an Agreed Interim Order Authorizing Limited Use of Cash Collateral and Granting Adequate Protection (the First Interim Cash Collateral Order). After a hearing on May 23, 2011 (the Second Interim Hearing), and based upon the Affidavit of Cynthia Harriss Pursuant to Local Bankruptcy Rule 1007-2, the evidentiary record adduced at the Second Interim Hearing, and the representations of counsel for the Debtor and for the Prepetition Agent, this Court entered a Second

Capitalized terms not otherwise defined in this Third Interim Cash Collateral Order shall have the meanings as defined in the Second Interim Cash Collateral Order.

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Interim Agreed Order Authorizing Limited Use of Cash Collateral and Granting Adequate Protection (the Second Interim Cash Collateral Order). After a hearing on June 24, 2011 (the Third Interim Hearing), and based upon the Affidavit of Cynthia Harriss Pursuant to Local Bankruptcy Rule 1007-2, the evidentiary record adduced at the Third Interim Hearing, and the representations of counsel for the Debtor and for the Prepetition Agent, this Court entered a Third Interim Agreed Order Authorizing Limited Use of Cash Collateral and Granting Adequate Protection (the Third Interim Cash Collateral Order). The Debtor, the Prepetition Agent and the Committee have stipulated and agreed as follows, and the Court, on an interim basis subject to entry of a final order (the Final Cash Collateral Order), hereby approves and adopts said stipulations and agreements, grants the relief requested herein to prevent immediate and irreparable harm to the Debtors estate, and to facilitate the reorganization or sale of the Debtors business, and accordingly Orders: STATEMENT OF JURISDICTION 1. This Court has jurisdiction over this proceeding and the parties and

property affected hereby pursuant to 28 U.S.C. 157 and 1334. 2. Venue is proper in this Court pursuant to 28 U.S.C. 1408 and 1409. NOTICE 3. Notice of the hearing on the Cash Collateral Motion has been given to the

United States Trustee, counsel to the Committee, the thirty (30) largest creditors and others in interest pursuant to Bankruptcy Rules 2002, 4001(c) and 9006, and as required by Bankruptcy Code 102, 361, 362 and 363. Other than the notice provided

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for herein, no further notice of, or hearing on, the relief sought in the Cash Collateral Motion is necessary or required. INCORPORATION OF THIRD INTERIM CASH COLLATERAL ORDER 4. The terms and conditions of the Third Interim Cash Collateral Order are

hereby incorporated by reference into this Fourth Interim Cash Collateral Order as if fully set forth herein. Except as expressly set forth in this Fourth Interim Cash Collateral Order, the terms and conditions of the Third Interim Cash Collateral Order shall continue in effect under this Fourth Interim Cash Collateral Order. Authorization For Limited Use Of Cash Collateral 5. The Debtor is hereby authorized, on a limited basis, to use Cash Collateral

through August 31, 2011, only in strict compliance with the terms and conditions provided in the Second Interim Cash Collateral Order as extended by the Third Interim Cash Collateral Order and this Fourth Interim Cash Collateral Order. Budgeted Cash Collateral Usage 6. The Debtor may request the transfer of, and use Cash Collateral to pay

actual, ordinary, and necessary expenses set forth in, and in strict compliance with, the revised and extended Budget attached hereto as Exhibit A, or as such Budget may be modified in writing with the prior written consent of the Prepetition Agent (and no such consent shall be inferred from any action, inaction, or acquiescence of any Prepetition Secured Party) and upon reasonable consultation with the Prepetition Subordinated Secured Parties, and on notice to the Committee, with a copy of any such modified Budget to be filed promptly with this Court.

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FINAL HEARING 8. A final hearing (the Final Hearing) to consider entry of a Final Cash

Collateral Order on the Cash Collateral Motion is scheduled for August 29, 2011 at 10:00 a.m. at the United States Bankruptcy Court for the Southern District of New York, White Plains Division. 9. On or before August 2, 2011, the Debtor shall serve, by United States

mail, first-class postage prepaid, notice of the entry of this Fourth Interim Cash Collateral Order and of the Final Hearing (the Final Hearing Notice), together with copies of this Fourth Interim Cash Collateral Order and the Cash Collateral Motion, on: (a) all parties previously given notice of the Cash Collateral Motion, including all parties notified of the entry of the Third Interim Cash Collateral Order; (b) any party which has filed prior to such date a request for notices with this Court; and (c) counsel for the Committee. The Final Hearing Notice shall state that any party in interest objecting to the entry of the proposed Final Cash Collateral Order shall file written objections with the Clerk of the Bankruptcy Court no later than 4:00 p.m. (ET) on August 24, 2011 which objections shall be served so that the same are received on or before such date by: (a) counsel for the Debtor: Cooley LLP, 1114 Avenue of the Americas, New York, New York 10036, Attn: Cathy Hershcopf, Esq. and Jeffrey L. Cohen, Esq., Fax: (212) 479-6275; (b) counsel to the Prepetition Agent: Riemer & Braunstein LLP, Three Center Plaza, Boston, Massachusetts 02108, Attn: Donald E. Rothman, Esq., Fax: (617) 8803456, E-mail: drothman@riemerlaw.com; (c) counsel to the Second Lien Agent: Solomon Ward Seidenwurm & Smith, LLP, 401 B Street, Ste. 1200 San Diego, CA

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92101, Attn: Michael D. Breslauer, Esq.; (d) counsel to the Committee; (e) those parties requesting notice pursuant to Bankruptcy Rule 2002; and (f) the U.S. Trustee. EXPIRATION DATE/MATURITY 10. The Prepetition Senior Secured Parties consent and the Debtors

authority to use Cash Collateral under this Fourth Interim Cash Collateral Order shall be effective retroactively from the Petition Date to and including the earlier of: (a) the occurrence of an Event of Default; or (b) August 31, 2011, at 5:00 p.m. prevailing eastern time (the Expiration Date), at which time all of the Debtors authority to use Cash Collateral under this Fourth Interim Cash Collateral Order shall terminate, unless a Final Cash Collateral Order shall have been entered by that date and time. IT IS HEREBY ORDERED THAT THE CASH COLLATERAL MOTION IS APPROVED AND GRANTED AS SET FORTH HEREIN. DATED: White Plains, New York August 1, 2011 /s/Robert D. Drain HON. ROBERT D. DRAIN UNITED STATES BANKRUPTCY JUDGE

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EXHIBIT A BUDGET

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METROPARK USA, INC. SECOND CASH COLLATERAL BUDGET

1 6/11/11

2 6/18/11

3 6/25/11

4 7/2/11

5 7/9/11

6 7/16/11

7 7/23/11

8 7/30/11

9 8/6/11

9 Week TOTAL

Cash Receipts Including GOB MP Store and GOB cash receipts Sales Tax Collected (included in daily GOB receipts held by WF) Lease Proceeds IP Proceeds Recoveries of Insurance Premiums Recoveries of Fall Merch Deposits Total Cash Receipts

(150,000)

0 524,916

(150,000) 524,916 1,600,750 50,000 25,000 100,000

1,600,750 50,000 25,000 100,000 1,450,750 0 0 0 699,916 0 0 0 0

2,150,666

Expenses Store Payroll

(239,327)

(203,692)

(239,327) 239,327 (1,454,887) 77,822 (17,541) (67,043) (5,000) 5,000 (155,999) (556,131) 42,758 (85,516) (36,193) (30,000) (110,000) (50,000) (160,000) (275,000) (151,294) (30,000) (50,000) (30,000) (3,139,024) (988,358)

Store Payroll Reimbursed 239,327 Store Occupancy Expenses (1,251,195) Store Occupancy Expenses Reimbu 77,822 GOB G&A Payroll (17,541) Post GOB G&A Payroll** Fixed Distribution Center Expenses Home Office Expenses (5,000) Central Services Reimbursement 5,000 Utilities (101,255) Sales & Use Tax Paid Employee Benefits Reimb by Liquid 42,758 Employee Benefits (42,758) Wells Fargo Approved Expenses not in first budget Debtor Store Payroll Checks in float pre-funded by Wells Fargo G&A Payroll - Non-core RIFs (25,019) Additional Home Office Expenses th Omni and US Trustee UCC Professionals CRG Partners Cooley Stub Rent (5/2-5/4) Personal Property Tax Liens Independent Director Fee Other Expenses Chapter 7 Trustee Fund SUBTOTAL Net Cash Flow Cumulative Beginning Cash Net Cash Fllow Ending Cash* (5,000) (35,000)

(22,348) -

(22,348) -

(22,348) (54,744) (524,916) (42,758)

(31,215) -

(11,174) (5,000) (5,000) (25,000) (5,000) (10,000) -

(25,000) (50,000)

(25,000) (160,000) (275,000)

(151,294) (30,000) (30,000) (98,521) (98,521) (498,509) 3,910,422 (98,521) 3,811,900

(50,000)

(1,357,189) 93,561 93,561 4,310,409 93,561 4,403,970

(259,856) (259,856) (166,296) 4,403,970 (259,856) 4,144,113

(233,692) (233,692) (399,987) 4,144,113 (233,692) 3,910,422

(654,765) 45,151 (453,358) 3,811,900 45,151 3,857,051

(75,000) (75,000) (528,358) 3,857,051 (75,000) 3,782,051

(528,358) 3,782,051 3,782,051

(25,000) (25,000) (553,358) 3,782,051 (25,000) 3,757,051

(435,000) (435,000) (988,358) 3,757,051 (435,000) 3,322,051

4,310,409 (988,358) 3,322,051