EX-10.14



 Exhibit 10.14 
 EXECUTION VERSION 
 ABL GRANT OF SECURITY INTEREST IN COPYRIGHTS 

THIS ABL GRANT OF SECURITY INTEREST IN COPYRIGHTS (this “Agreement”), dated as of April 12, 2012, is made by each
of the signatories hereto (each, a “Grantor”) in favor of GENERAL ELECTRIC CAPITAL CORPORATION (“GE Capital”), as administrative agent and collateral agent for the banks and other financial institutions (the
“Lenders”) that are parties to the ABL Credit Agreement (in such capacities, respectively, the “Administrative Agent” and the “U.S. ABL Collateral Agent”), dated as of April 12, 2012 (as
amended, amended and restated, waived, supplemented or otherwise modified from time to time, together with any agreement extending the maturity of, or restructuring, refunding, refinancing or increasing the Indebtedness under such agreement or
successor agreements, the “ABL Credit Agreement”), among HD SUPPLY, INC., a Delaware corporation (the “Parent Borrower”), GE Capital, as administrative agent and collateral agent, and the other parties thereto.

 WHEREAS, pursuant to the ABL Credit Agreement, the Lenders have severally agreed to make extensions of credit to the
Borrowers upon the terms and subject to the conditions set forth therein; 
 WHEREAS, in connection with the ABL Credit
Agreement, the Parent Borrower, and certain Subsidiaries of the Parent Borrower, as Subsidiary Borrowers and certain other Domestic Subsidiaries of the Parent Borrower, as Subsidiary Guarantors executed and delivered a U.S. Guarantee and Collateral
Agreement, dated as of April 12, 2012, in favor of GE Capital, as U.S. ABL Collateral Agent and Administrative Agent (as the same may be amended, restated, supplemented, waived or otherwise modified from time to time, the “U.S.
Guarantee and Collateral Agreement”); 
 WHEREAS, pursuant to the U.S. Guarantee and Collateral Agreement, each Grantor
granted to the U.S. ABL Collateral Agent a security interest in its Intellectual Property, including Copyrights; and 
 WHEREAS,
each Grantor has duly authorized the execution, delivery and performance of this Agreement. 
 NOW THEREFORE, for good and
valuable consideration, the receipt of which is hereby acknowledged, and in order to induce the Lenders to make extensions of credit to the Borrowers on the terms and subject to the conditions of the ABL Credit Agreement, each Grantor agrees, for
the benefit of the U.S. ABL Collateral Agent, as follows: 
 SECTION 1. Definitions. Unless otherwise defined herein or
the context other-wise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided or provided by reference in the ABL Credit Agreement and the U.S. Guarantee and Collateral Agreement. 







 SECTION 2. Grant of Security Interest. Each Grantor hereby grants, subject to
existing licenses to use the Copyrights granted by such Grantor in the ordinary course of its business, to the U.S. ABL Collateral Agent, for the benefit of the Secured Parties, a security interest in all of the Copyrights of such Grantor
(including, without limitation, those items listed on Schedule A hereto under such Grantor’s name) and to the extent not otherwise included, all Proceeds and products of any and all of the Copyrights, as collateral security for the
prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations of such Grantor, except that no security interest is or will be granted pursuant hereto in any right, title or
interest of such Grantor under or in any Copyright Licenses with Persons other than the Parent Borrower, a Restricted Subsidiary or an Affiliate thereof for so long as, and to the extent that, the granting of such a security interest pursuant hereto
would result in a breach, default or termination of such Copyright Licenses. 
 SECTION 3. Purpose. This Agreement has
been executed and delivered by the Grantors for the purpose of recording the security interest granted pursuant to the U.S. Guarantee and Collateral Agreement with the United States Copyright Office. This Agreement is expressly subject to the terms
and conditions of the U.S. Guarantee and Collateral Agreement. The U.S. Guarantee and Collateral Agreement (and all rights and remedies of the Lenders thereunder) shall remain in full force and effect in accordance with its terms. 

SECTION 4. Acknowledgment. Each Grantor does hereby further acknowledge and affirm that the rights and remedies of the Lenders
with respect to the security interest in the Copyrights are fully set forth in the ABL Credit Agreement and the U.S. Guarantee and Collateral Agreement, the terms and provisions of which (including the remedies provided for therein) are incorporated
by reference herein as if fully set forth herein. 
 SECTION 5. Counterparts. This Agreement may be executed in
counterparts, each of which will be deemed an original, but all of which together constitute one and the same original. 
 * * *

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their respective officers thereunto duly authorized as of the day and year first above written. 
  

					
	CREATIVE TOUCH INTERIORS, INC.
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President



  
 ABL
GRANT OF SECURITY INTEREST IN COPYRIGHTS 








 
					
	WILLIAMS BROS. LUMBER COMPANY, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President



  
 ABL
GRANT OF SECURITY INTEREST IN COPYRIGHTS 









					
	HDS IP HOLDING, LLC
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:	 	Ricardo Nunez
		 	Title:	 	Vice President



  
 ABL
GRANT OF SECURITY INTEREST IN COPYRIGHTS 









					
	GENERAL ELECTRIC CAPITAL CORPORATION
		
	By:	 	 /s/ Steven B. Flowers

		 	Name:	 	Steven B. Flowers
		 	Title:	 	Duly Authorized Signatory



  
 ABL
GRANT OF SECURITY INTEREST IN COPYRIGHTS 








 Schedule A 
 Copyrights 
 Creative Touch Interiors, Inc. 

 

							
	 Title
	  	Registration
No.	 	  	Registration
Date
	 NL-16
	  	 	VA 1-048-833	  	  	3/27/2000

 HDS IP Holding, LLC 
  

							
	 Title
	  	Registration
No.	 	  	Registration
Date
	 Powerscope
	  	 	TX 7-364-190	  	  	3/5/2009
	 WaterCity
	  	 	VA 1-708-882	  	  	8/5/2008

 Williams Bros. Lumber Company, LLC 
  

							
	 Title
	  	Registration
No.	 	  	Registration
Date
	 Architectural millwork sales catalog
	  	 	TX 3-036-953	  	  	3/5/1991


  
 A-1