Document:

Security Agreement

 Exhibit 4.3 

SECURITY AGREEMENT 

SECURITY AGREEMENT (this “Agreement”), dated as of August 24, 2010, by and among: 

Toys “R” Us-Delaware, Inc., a Delaware corporation (the “Issuer”); 

the other Grantors identified on the signature pages hereto (each such Person, individually, a “Grantor; the
Issuer and each Guarantor are hereinafter referred to individually as a “Grantor” and the Issuer and the other Grantors are hereinafter referred to collectively as the “Grantors”); and 

THE BANK OF NEW YORK MELLON, having a place of business at c/o The Bank of New York Mellon Trust Company, N.A., 525
William Penn Place, 38th Floor, Pittsburgh, PA 15259, as collateral agent for its own benefit and the benefit of the Trustee (as defined below) and the other Secured Parties (in such capacity, the “Collateral Agent”). 

WITNESSETH: 

WHEREAS, the Issuer is issuing $350,000,000 aggregate principal amount of
7 3/8% Senior Secured Notes due 2016 (together with
any Additional Notes permitted to be incurred under the Indenture, the “Notes”) pursuant to the Indenture, dated as of August 24, 2010 (as it may be modified, amended or supplemented and in effect from time to time, the
“Indenture”), by and among (i) Toys “R” Us-Delaware, Inc., as Issuer, (ii) the guarantors named therein, and (iii) The Bank of New York Mellon, as trustee (in such capacity, the “Trustee”)
for the Holders of the Notes (the “Holders”); and 
 WHEREAS, the Indenture shall provide for, among
other things, the issuance of Additional Notes with such Additional Notes ranking pari passu in right of payment and security with the Notes, issued on the Issue Date including, without limitation, by each holder of Additional Notes being
automatically deemed a Secured Party for purposes of this Agreement; and 
 WHEREAS, this Agreement is given by each Grantor in
favor of the Collateral Agent for the benefit of the Secured Parties to secure the payment and performance of all of the Secured Obligations. 

NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in this Agreement, and for good and valuable
consideration, the receipt of which is hereby acknowledged, the Grantors and the Collateral Agent hereby agree as follows: 

ARTICLE I. 

Definitions 

SECTION 1.1. Generally. All references herein to the UCC shall mean the Uniform Commercial Code as in effect from time to time in
the State of New York; provided, however, 

 
that if a term is defined in Article 9 of the UCC differently than in another Article thereof, the term shall have the meaning set forth in Article 9; provided further that if by
reason of mandatory provisions of law, perfection, or the effect of perfection or non-perfection, of the Security Interest in any Collateral or the availability of any remedy hereunder is governed by the Uniform Commercial Code as in effect in a
jurisdiction other than New York, “UCC” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or non-perfection or
availability of such remedy, as the case may be. 
 SECTION 1.2. Definition of Certain Terms Used Herein. Unless the
context otherwise requires, all capitalized terms used but not defined herein shall have the meanings set forth in the Indenture. In addition, the following terms shall have the following meanings: 

“ABL Agent” shall mean Bank of America, N.A., in its capacity as Collateral Agent under the ABL Credit
Agreement and its successors and assigns. 
 “ABL Collateral” shall have the meaning given that
term in the Shared Collateral Intercreditor Agreement. 
 “ABL Credit Agreement” shall mean that
certain Credit Agreement, dated as of July 21, 2005, as amended and restated as of June 24, 2009 and as further amended and restated as of August 10, 2010 (as modified, amended, supplemented, restated or replaced and in effect from
time to time), by and among (i) Toys “R” Us-Delaware, Inc., as the lead borrower for the borrowers party thereto, (ii) the facility guarantors party thereto, (iii) Bank of America, N.A., as administrative agent,
(iv) Bank of America, N.A. (acting through its Canada branch), as Canadian agent for its own benefit and the benefit of the other “Secured Parties” thereunder (and as defined therein), (v) the lenders party thereto and
(vi) the other agents and parties thereto. 
 “ABL Obligations” shall have the meaning
given that term in the Indenture. 
 “Accessions” shall have the meaning given that term in the
UCC. 
 “Account Debtor” shall have the meaning given that term in the UCC and shall include any
Person who is or who may become obligated to any Grantor under, with respect to or on account of an Account. 

“Accounts” shall mean “accounts” as defined in the UCC, and also means a right to payment of a
monetary obligation, whether or not earned by performance, (a) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (b) for services rendered or to be rendered, or (c) arising out of the
use of a credit or charge card or information contained on or for use with the card. 
 “Agent’s
Rights and Remedies” shall have the meaning provided in Section 8.8. 
 “Applicable
Law” means as to any Person: (a) all laws, statutes, rules, regulations, orders, codes, ordinances or other requirements having the force of law; and (b) all 

 

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court orders, decrees, judgments, injunctions, notices, binding agreements and/or rulings, in each case of or by any governmental authority which has jurisdiction over such Person, or any
property of such Person. 
 “Blue Sky Laws” shall have the meaning provided in Section 6.1.

 “Chattel Paper” shall have the meaning given that term in the UCC. 

“Collateral” shall mean all of the following personal property of each Grantor (other than Geoffrey):
(a) Accounts, (b) Chattel Paper, (c) Commercial Tort Claims, (d) Deposit Accounts, (e) Documents, (f) Equipment, (g) General Intangibles (including Payment Intangibles and Intellectual Property), (h) Goods,
(i) Instruments, (j) Inventory, (k) Investment Property, (l) Letter-of-Credit Rights, (m) Software, (n) Supporting Obligations, (o) money, policies and certificates of insurance, deposits, cash or other property,
(p) all books, records, and information relating to any of the foregoing and/or to the operation of any Grantor’s business, and all rights of access to such books, records, and information, and all property in which such books, records,
and information are stored, recorded and maintained, (q) all insurance proceeds, refunds, and premium rebates, including, without limitation, proceeds of fire and credit insurance, whether any of such proceeds, refunds, and premium rebates
arise out of any of the foregoing ((a) through (p)) or otherwise, (r) all liens, guaranties, rights, remedies, and privileges pertaining to any of the foregoing ((a) through (q)), including the right of stoppage in transit, (s) all other
personal property of every kind and nature of each Grantor, and (t) any of the foregoing whether now owned or now due, or in which any Grantor has an interest, or hereafter acquired, arising, or to become due, or in which any Grantor obtains an
interest, and all products, Proceeds, substitutions, and Accessions of or to any of the foregoing; provided, however, that the Collateral shall not include the Excluded Collateral. 

“Commercial Tort Claim” shall have the meaning given that term in the UCC. 

“Control” shall have the meaning given that term in the UCC. 

“Deposit Account” shall have the meaning given that term in the UCC. 

“Discharge of ABL Obligations” shall have the meaning given that term in the Shared Collateral
Intercreditor Agreement. 
 “Documents” shall have the meaning given that term in the UCC.

 “Domestic Subsidiary” shall mean “Domestic Subsidiary” as such term is used and
defined in the Parent Indentures. 
 “Electronic Chattel Paper” shall have the meaning given
that term in the UCC. 
 “Equipment” shall mean “equipment” as defined in the UCC, and
any and all Accessions or additions thereto or substitutions therefor. The term “Equipment” shall not include Fixtures. 
  

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 “Excluded Collateral” shall mean (a) any rights or
property acquired under a lease, contract, property rights agreement or license, the grant of a security interest in which shall constitute or result in (i) the abandonment, invalidation or unenforceability of any right, title or interest of
any Grantor therein or (ii) a breach or termination pursuant to the terms of, or a default under, any lease, contract, property rights agreement or license (other than to the extent that any restriction on such assignment would be rendered
ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other Applicable Law or principles of equity), provided that the proceeds therefrom shall
not be excluded from the definition of Collateral to the extent that the assignment of such proceeds is not prohibited, (b) any governmental permit or franchise that prohibits Liens on or collateral assignments of such permit or franchise,
(c) any Instrument evidencing indebtedness (defined consistently with such term as used in the Parent Indentures) of any Domestic Subsidiary, (d) any Security or other equity interest representing more than 65% of the outstanding voting
stock of any Foreign Subsidiary, (e) any Security or other equity interest representing any ownership interest in any Domestic Subsidiary, (f) any Security or other equity interest representing any ownership interest in TRU of Puerto Rico,
Inc., SALTRU Associates JV or ZT-Winston-Salem Associates, (g) the Designated Account (as defined in the ABL Credit Agreement) and any and all deposits, cash or other property in such account and (h) Fixtures. 

“Excluded Geoffrey Collateral” shall mean (a) any rights or property acquired under a lease,
contract, property rights agreement or license, the grant of a security interest in which shall constitute or result in (i) the abandonment, invalidation or unenforceability of any right, title or interest of any Grantor therein or (ii) a
breach or termination pursuant to the terms of, or a default under, any lease, contract, property rights agreement or license (other than to the extent that any restriction on such assignment would be rendered ineffective pursuant to Sections 9-406,
9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other Applicable Law or principles of equity); provided that the proceeds therefrom shall not be excluded from the definition of
Collateral to the extent that the assignment of such proceeds is not prohibited, (b) any governmental permit or franchise that prohibits Liens on or collateral assignments of such permit or franchise, (c) any Instrument evidencing
indebtedness (it being understood such term is defined consistently with such term as used in the Parent Indentures) of any Domestic Subsidiary, (d) any Security or other equity interest representing more than 65% of the outstanding voting
stock of any Foreign Subsidiary, (e) any Security or other equity interest representing any ownership interest in any Domestic Subsidiary, (f) any Security or other equity interest representing any ownership interest in TRU of Puerto Rico,
Inc., SALTRU Associates JV or ZT-Winston-Salem Associates and (g) Fixtures. 
 “Financing
Statement” shall have the meaning given that term in the UCC. 
 “Fixtures” shall have
the meaning given that term in the UCC. 
  

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 “Foreign Subsidiary” shall mean, as to any Grantor, a
Subsidiary that is organized under the laws of any jurisdiction other than the United States of America or any state thereof or the District of Columbia. 

“General Intangibles” shall have the meaning given that term in the UCC, and shall also include, without
limitation, all: Intellectual Property; Payment Intangibles; rights to payment for credit extended; deposits; amounts due to any Grantor; credit memoranda in favor of any Grantor; warranty claims; tax refunds and abatements; insurance refunds and
premium rebates; all means and vehicles of investment or hedging, including, without limitation, options, warrants, and futures contracts; records; customer lists; telephone numbers; goodwill; causes of action; judgments; payments under any
settlement or other agreement; literary rights; rights to performance; royalties; license and/or franchise fees; rights of admission; licenses; franchises; license agreements, including all rights of any Grantor to enforce same; permits,
certificates of convenience and necessity, and similar rights granted by any governmental authority; internet addresses and domain names; developmental ideas and concepts; proprietary processes; blueprints, drawings, designs, diagrams, plans,
reports, and charts; catalogs; technical data; computer software programs (including the source and object codes therefor), computer records, computer software, rights of access to computer record service bureaus, service bureau computer contracts,
and computer data; tapes, disks, semi conductors chips and printouts; user, technical reference, and other manuals and materials; proposals; cost estimates, and reproductions on paper, or otherwise, of any and all concepts or ideas, and any matter
related to, or connected with, the design, development, manufacture, sale, marketing, leasing, or use of any or all property produced, sold, or leased, by or credit extended or services performed, by any Grantor, whether intended for an individual
customer or the general business of any Grantor, or used or useful in connection with research by any Grantor; provided that “General Intangibles” shall not include any indebtedness (defined consistently with such term as used in
the Parent Indentures) of any Domestic Subsidiary. 
 “Geoffrey” shall mean Geoffrey, LLC, a
Delaware corporation. 
 “Geoffrey Collateral” shall mean all of the following personal property
of Geoffrey: (a) General Intangibles comprised of Intellectual Property, (b) all books, records, and information relating to any of the foregoing and all rights of access to such books, records, and information, and all property in which
such books, records, and information are stored, recorded and maintained, (c) all liens, guaranties, rights, remedies, and privileges pertaining to any of the foregoing ((a) through ((b)), and (d) any of the foregoing whether now owned or
now due, or in which Geoffrey has an interest, or hereafter acquired, arising, or to become due, or in which Geoffrey obtains an interest, and all products, Proceeds, substitutions, and Accessions of or to any of the foregoing; provided,
however, that the Geoffrey Collateral shall not include the Excluded Geoffrey Collateral. 

“Goods” shall have the meaning given that term in the UCC. 

“Grantor” shall have the meaning given that term in the preliminary statement of this Agreement.

  

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 “Guarantee” shall have the meaning given that term in the
preliminary statement of this Agreement. 
 “Indemnitee” shall have the meaning given that term
in Section 8.6. 
 “Indenture” shall have the meaning given that term in the preliminary
statement of this Agreement. 
 “Instruments” shall have the meaning given that term in the UCC;
provided that “Instruments” shall not include any Instrument evidencing indebtedness of any Domestic Subsidiary. 

“Intellectual Property” shall mean (a) the Intercompany Licenses and (b) all of the following
owned by any Grantor (including Geoffrey): all (i) patents, patent applications and patents pending; (ii) trade secret rights; (iii) copyrights and copyright applications, including mask work rights and derivative works;
(iv) trade names, trademarks, trademark applications, service marks, and service mark applications; (v) Proprietary Marks and (vi) all other general intangible property in the nature of intellectual property recognized by the laws of
the United States; provided that any “intent to use” trademark applications for which a statement of use has not been filed with the United States Patent and Trademark Office pursuant to Section 1(c) or Section 1(d) of the
Lanham Act (15 U.S.C. 1051, et seq.) (but only until such statement is filed and accepted by the United States Patent and Trademark Office) are excluded from this definition. 

“Intercompany Licenses” shall mean the license agreements described on Exhibit A hereto between
certain of the Grantors and Geoffrey, pursuant to which Geoffrey has granted to such Grantors licenses of the Proprietary Marks. 

“Intercreditor Agreements” shall have the meaning given that term in the Indenture. 

“Inventory” shall have the meaning given that term in the UCC, and shall also include, without
limitation, all (a) Goods which (i) are leased by a Person as lessor, (ii) are held by a Person for sale or lease or to be furnished under a contract of service, (iii) are furnished by a Person under a contract of service, or
(iv) consist of raw materials, work in process, or materials used or consumed in a business; (b) Goods of said description in transit; (c) Goods of said description which are returned, repossessed or rejected; (d) packaging,
advertising, and shipping materials related to any of the foregoing; (e) all names, marks, and General Intangibles affixed or to be affixed thereto or associated therewith; and (f) Documents which represent any of the foregoing.

 “Investment Property” shall have the meaning given that term in the UCC; provided that
“Investment Property” (a) shall not include any Security representing more than 65% of the outstanding voting stock of any Foreign Subsidiary, (b) shall not include any Security representing any ownership interest in any Domestic
Subsidiary and (c) shall not include any Security or other equity interest representing any ownership interest in TRU of Puerto Rico, Inc., SALTRU Associates JV or ZT-Winston-Salem Associates. 

 

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 “Issuer” shall have the meaning provided in the preliminary
statement of this Agreement. 
 “Letter-of-Credit Right” shall have the meaning given that term
in the UCC. 
 “Liquidation” means the exercise by the Collateral Agent and the Trustee of those
rights and remedies accorded to the Collateral Agent and Trustee under the Indenture, the Security Documents and Applicable Law as a creditor of the Grantors, including (after the occurrence and during the continuation of an Event of Default) the
conduct by the Issuer, acting with the consent of the Collateral Agent and Trustee, of any public, private or “Going-Out-Of-Business Sale” or other disposition of Collateral for the purpose of liquidating the Collateral. Derivations of the
word “Liquidation” (such as “Liquidate”) are used with like meaning in this Agreement. 

“Parent Indentures” means each of: 

(i) the Indenture, dated as of July 24, 2001, originally between Toys “R” Us, Inc. and The Bank of New
York, as trustee, with respect to 7.625% Notes due 2011 (the “2011 Notes”), 
 (ii) the
Indenture dated as of May 28, 2002 originally between Toys “R” Us, Inc. and The Bank of New York, as trustee, with respect to 7.875% Notes due 2013 (the “2013 Notes”), 

(iii) the Indenture dated as of May 28, 2002 originally between Toys “R” Us, Inc. and The Bank of New York,
as trustee, with respect to 7.375% Notes due 2018, and 
 (iv) the Indenture dated as of August 29, 1991
originally between Toys “R” Us, Inc. and The Bank of New York, as successor trustee, with respect to 8.75% Debentures due 2021 (the “2021 Debentures”), each as modified, amended, supplemented or restated and in effect from
time to time. 
 “Payment Intangible” shall have the meaning given that term in the UCC.

 “Perfection Certificate” shall mean a certificate substantially in the form of Annex 1
hereto, dated the date hereof, completed and supplemented with the schedules and attachments contemplated thereby, and duly executed by an Officer of each of the Grantors. 

“Proceeds” shall include, without limitation, “Proceeds” as defined in the UCC and each type of
property described in the definition of Collateral. 
 “Proprietary Marks” shall mean any and
all United States trademarks (including any copyrights that exist in such trademarks, but excluding all other copyrights), service marks, trade names, corporate names, company names, business names, fictitious business names, trade dress, trade
styles, designs, logos and other source or business identifiers, 
  

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whether registered or unregistered, which are owned or licensed, now or in the future, by Geoffrey, including, but not limited to, as of the date hereof, the United States Proprietary Marks set
forth on Exhibit B annexed hereto. 
 “Secured Parties” shall mean the Collateral Agent,
the Trustee and the Holders. 
 “Secured Obligations” shall mean, collectively, the “Notes
Obligations” (as defined in the Indenture). 
 “Securities Act” shall have the meaning
provided in Section 6.1. 
 “Security” shall have the meaning given that term in the UCC.

 “Security Documents” shall have the meaning given to that term in the Indenture. 

“Security Interest” shall have the meaning provided in Section 2.1. 

“Shared Collateral Intercreditor Agreement” shall have the meaning given that term in the Indenture.

 “Software” shall have the meaning given that term in the UCC. 

“Supporting Obligation” shall have the meaning given that term in the UCC. 

“Term Loan Collateral Agent” means Bank of America, N.A., as administrative agent, under the Term Loan
Credit Facility, or its successors. 
 “Term Loan Credit Facility” shall have the meaning given
that term in the Indenture. 
 “Term Loan Credit Facility Obligations” means
“Obligations” as defined in the Term Loan Credit Facility. 
 SECTION 1.3. Rules of Interpretation. The rules
of construction specified in Section 1.04 of the Indenture shall be applicable to this Agreement. 
 ARTICLE II. 

Security Interest 

SECTION 2.1. Security Interest. As security for the payment or performance, as the case may be, in full of their respective
Secured Obligations, (a) Geoffrey hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a first priority security interest in all of Geoffrey’s right, title and interest in, to and under
the Geoffrey Collateral and (b) each other Grantor hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a second priority security interest in all of such Grantor’s right, title and
interest in, to and under the Collateral, in each case wherever located, 
  

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whether now owned or hereafter acquired or arising (the “Security Interest”); provided that the security interest granted to the Collateral Agent in, to and under
Intercompany Licenses shall be limited to the non-exclusive right to use the Proprietary Marks in exercising the Agent’s Rights and Remedies in connection with a Liquidation. Without limiting the foregoing, each Grantor hereby designates the
Collateral Agent as such Grantor’s true and lawful attorney, exercisable by the Collateral Agent whether or not an Event of Default exists, with full power of substitution, at the Collateral Agent’s option, to file one or more Financing
Statements, continuation statements, or to sign other documents for the purpose of perfecting, confirming or continuing the Security Interest granted by each Grantor, without the signature of any Grantor (each Grantor hereby appointing the
Collateral Agent as such Person’s attorney to sign such Person’s name to any such instrument or document, whether or not an Event of Default exists), and naming any Grantor or the Grantors as debtors and the Collateral Agent as secured
party. 
 Notwithstanding anything to the contrary in this Agreement, in the event that the Issuer becomes subject to Rule 3-16
of Regulation S-X under the Securities Act to the extent necessary and for so long as required for a Subsidiary of the Issuer not to be subject to the requirement to file separate financial statements with the Securities and Exchange Commission (or
any other governmental agency), the Capital Stock of any Subsidiary of the Issuer shall not be included in the Collateral with respect to the Notes and shall not be subject to the Liens securing the Notes and the Notes Obligations. 

SECTION 2.2. No Assumption of Liability. The Security Interest is granted as security only and shall not subject the Collateral
Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of, any Grantor with respect to or arising out of the Collateral or the Geoffrey Collateral. 

ARTICLE III. 

Representations and Warranties 

The Grantors jointly and severally represent and warrant to the Collateral Agent and the Secured Parties that: 

SECTION 3.1. Filings. The Perfection Certificate has been duly prepared, completed and executed, and the information set forth
therein is correct and complete in all material respects as of the date hereof. Subject to the proviso to Section 4.3, UCC Financing Statements or other appropriate filings, recordings or registrations containing a description of the Collateral
and the Geoffrey Collateral (including, without limitation, the UCC Financing Statements identified on Schedule 3.2 hereto) have been or will be timely filed in each United States governmental, municipal or other office as is necessary to
publish notice of and protect the validity of and to establish a legal, valid and perfected security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all Collateral and all Geoffrey Collateral in which
the Security Interest may be perfected by filing, recording or registration in the United States (or any political subdivision thereof) and no further or subsequent filing, refiling, recording, rerecording, registration or re-registration is
necessary in any such jurisdiction, except as provided under Applicable Law with respect to the filing of continuation 

 

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statements or as a result of any change in a Grantor’s name or jurisdiction of incorporation or formation or under any other circumstances under which, pursuant to the UCC, filings
previously made have become misleading or ineffective in whole or in part. 
 SECTION 3.2. Validity and Priority of Security
Interest. The Security Interest constitutes (a) a legal and valid security interest in all of the Collateral and all of the Geoffrey Collateral securing the payment and performance of the Secured Obligations, (b) subject to the filings
described on Schedule 3.2 or other requisite filings or registrations described in Section 3.2, a perfected security interest in all of the Collateral and the Geoffrey Collateral (in each case to the extent perfection in such collateral
and can be accomplished by such filing) and (c) subject to the obtaining of Control, a perfected security interest in all of the Collateral and all of the Geoffrey Collateral (in each case to the extent perfection in such collateral can be
accomplished by Control and perfection of the Security Interest in such collateral is required by the terms hereof). The Security Interest is and shall be prior to any other Lien on any of the Collateral, subject only to (i) with respect to ABL
Collateral only, Liens securing the obligations of the Grantors with respect to the ABL Credit Agreement, and (ii) Permitted Liens having priority by operation of Applicable Law. The Security Interest is and shall be prior to any other Lien on
any of the Geoffrey Collateral, subject only to Permitted Liens having priority by operation of Applicable Law. 
 SECTION 3.3.
Absence of Other Liens. The Collateral and the Geoffrey Collateral is owned by the Grantors free and clear of any Lien, except for (i) Permitted Liens or (ii) Liens for which termination statements have been delivered to the
Collateral Agent. Except as provided in the Indenture and the Security Documents, the Grantors have not filed or consented to the filing of (a) any Financing Statement or analogous document under the UCC or any other Applicable Law covering any
Collateral or any Geoffrey Collateral, or (b) any assignment in which any Grantor assigns any Collateral, any Geoffrey Collateral or any security agreement or similar instrument covering any Collateral or any Geoffrey Collateral with any
foreign governmental, municipal or other office, which Financing Statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Permitted Liens. 

SECTION 3.4. Bailees, Warehousemen, Etc. Schedule 3.4 hereto sets forth a list, as of the Closing Date, of each bailee,
warehouseman and other third party in possession or control of any Inventory of any Grantor and specifies as to each bailee, warehouseman or other third party whether the value of the Inventory, at Cost (as defined in the ABL Credit Agreement),
possessed or controlled by such bailee, warehouse-man or other third party exceeds $20,000,000. 
 SECTION 3.5.
Consignments. No Grantor has, and none shall have, possession of any property on consignment from any consignor having a value greater than $10,000,000 unless a lien waiver or other agreement in favor of the Collateral Agent reasonably
satisfactory to the Collateral Agent is delivered to the Collateral Agent by such consignor. 
 SECTION 3.6. Intercompany
Licenses. The Intercompany Licenses have not been terminated and, to each Grantor’s knowledge, no breach, default or other circumstances exist in respect thereof which would reasonably likely materially impair or restrict the ability of the
Collateral Agent to utilize the Proprietary Marks in exercising the Agent’s Rights and Remedies in connection with any Liquidation. 
  

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 SECTION 3.7. Commercial Tort Claims. Except as set forth on Schedule 3.7
hereof, as of the Closing Date, no Grantor owns any rights in, to or under any Commercial Tort Claim having a value in excess of $1,000,000. 

ARTICLE IV. 

Covenants 

The Grantors jointly and severally covenant and agree with the Collateral Agent and the Secured Parties as follows: 

SECTION 4.1. Change of Name; Location of Collateral; Records; Place of Business. 

(a) Each Grantor agrees to furnish to the Collateral Agent prompt written notice of any change in: (i) any Grantor’s name;
(ii) the location of any Grantor’s chief executive office or, its principal place of business; (iii) any Grantor’s organizational legal entity designation or jurisdiction of incorporation or formation; (iv) any
Grantor’s Federal Taxpayer Identification Number or organizational identification number assigned to it by its jurisdiction of incorporation or formation; or (v) the acquisition by any Grantor of any material property for which additional
filings or recordings are necessary to perfect and maintain the Collateral Agent’s Security Interest therein (to the extent perfection of the Security Interest in such property is required by the terms hereof). Each Grantor agrees not to effect
or permit any change referred to in the preceding sentence unless all filings have been made under the UCC or other Applicable Law that are required in order for the Collateral Agent to continue at all times following such change to have a valid,
legal and perfected (to the extent perfection of the Security Interest in such property is required by the terms hereof) first priority security interest in all of the Geoffrey Collateral (subject only to Permitted Liens having priority by operation
of Applicable Law) and a second priority security interest in all of the Collateral (subject only to (i) with respect to the ABL Collateral only, Liens securing the obligations of the Grantors with respect to the ABL Credit Agreement, and
(ii) Permitted Liens having priority by operation of Applicable Law) for its benefit and the benefit of the other Secured Parties. 

(b) Each Grantor agrees to maintain, at its own cost and expense, such complete and accurate records with respect to the Collateral and
the Geoffrey Collateral owned by it as is consistent with its current practices or in accordance with such prudent and standard practices used in industries that are the same as, or similar to, those in which such Grantor is engaged, but in any
event to include materially complete accounting records indicating all payments and proceeds received with respect to any part of the Collateral or the Geoffrey Collateral, and, at such time or times as the Collateral Agent may reasonably request in
writing, promptly to prepare and deliver to the Collateral Agent a duly certified schedule or schedules in form and detail reasonably satisfactory to the Collateral Agent showing the identity, amount and location of any and all Collateral and
Geoffrey Collateral. 
  

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 SECTION 4.2. Protection of Security. Each Grantor shall, at its own cost and expense,
take any and all actions reasonably necessary to defend the Security Interest of the Collateral Agent in the Collateral and the Geoffrey Collateral against any Lien (other than Permitted Liens) and the priority thereof (except for Permitted Liens
having priority by operation of Applicable Law). 
 SECTION 4.3. Further Assurances. Each Grantor agrees, at its own
expense, to execute, acknowledge, deliver and cause to be duly filed all such further documents, financing statements, agreements and instruments and take all such further actions as the Collateral Agent may from time to time reasonably request to
better assure, preserve, protect and perfect the Security Interest and the rights and remedies created or intended to be created hereby or the validity or priority of such Security Interest, including the payment of any fees and taxes required in
connection with the execution and delivery of this Agreement, the granting of the Security Interest and the filing of any Financing Statements or other documents in connection herewith or therewith; provided, however that, prior to the
Discharge of ABL Obligations, with respect to the ABL Collateral each such Grantor shall not be required to take any actions hereunder that the ABL Agent has not required such Grantors to take under the ABL Collateral Documents (as defined in the
Shared Collateral Intercreditor Agreement). Without limiting the foregoing, each Grantor, at its own expense, shall execute, acknowledge, deliver and cause to be duly filed all such further documents, financing statements, agreements and instruments
and take all such further actions as the Collateral Agent may from time to time reasonably request to perfect the Collateral Agent’s Security Interest in all Accounts, Inventory, Deposit Accounts, and the proceeds therefrom (including causing
the Collateral Agent to have Control of any such Collateral or such Geoffrey Collateral to the extent perfection in such Collateral or such Geoffrey Collateral can be accomplished by Control to the extent required hereunder). If any amount payable
under or in connection with any of the Collateral or the Geoffrey Collateral shall be or become evidenced by any promissory note or other instrument with an individual face value in excess of $1,000,000, such note or instrument shall be promptly
pledged to the Collateral Agent and delivered to the Collateral Agent, duly endorsed in a manner satisfactory to the Collateral Agent. 

SECTION 4.4. Taxes; Encumbrances. At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees,
Liens, security interests or other encumbrances at any time levied or placed on the Collateral or the Geoffrey Collateral (other than Permitted Liens), and may take any other action which the Collateral Agent may reasonably deem necessary or
desirable to repair, maintain or preserve any of the Collateral or any of the Geoffrey Collateral to the extent any Grantor fails to do so as required by the Indenture or this Agreement, and each Grantor jointly and severally agrees to reimburse the
Collateral Agent for any payment made or any reasonable out-of-pocket expense incurred by the Collateral Agent pursuant to the foregoing authorization within fifteen (15) Business Days after receipt of an invoice therefore setting forth such
payments or expenses in reasonable detail; provided, however, that nothing in this Section 4.4 shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured
Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the Indenture and the other
Security Documents; and provided further that the making of 
  

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any such payments or the taking of any such action by the Collateral Agent shall not be deemed to constitute a waiver of any Default or Event of Default arising from any Grantor’s failure to
have made such payments or taken such action. 
 SECTION 4.5. Assignment of Security Interest. 

(a) If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person to secure payment
and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against
creditors of, and transferees from, the Account Debtor or other Person granting the security interest. 
 (b) To the extent that
any Grantor is a beneficiary under any written letter of credit now or hereafter issued in favor of such Grantor having a face amount in excess of $1,000,000, such Grantor shall deliver such letter of credit to the Collateral Agent. The Collateral
Agent shall from time to time, at the request and expense of such Grantor, promptly make such arrangements with such Grantor as are in the Collateral Agent’s reasonable judgment necessary and appropriate so that such Grantor may make any
drawing to which such Grantor is entitled under such letter of credit, without impairment of the Collateral Agent’s perfected security interest in such Grantor’s rights to proceeds of such letter of credit or in the actual proceeds of such
drawing. At the Collateral Agent’s request, such Grantor shall, for any such letter of credit now or hereafter issued in favor of such Grantor as beneficiary, execute and deliver to the issuer and any confirmer of such letter of credit an
assignment of proceeds form, in favor of the Collateral Agent and reasonably satisfactory to the Collateral Agent and such issuer or (as the case may be) such confirmer, requiring, after the occurrence of an Event of Default, the proceeds of any
drawing under such letter of credit to be paid directly to the Collateral Agent. 
 SECTION 4.6. Continuing Obligations of
the Grantors. Each Grantor hereby acknowledges and agrees that the Collateral Agent shall have no obligation or duty to perform any obligation of any Grantor under the contracts, agreements or instruments constituting or relating to the
Collateral or the Geoffrey Collateral (including, without limitation, the Intercompany Licenses and the payment of royalties thereunder) and that each Grantor shall at all times remain solely and exclusively liable to observe and perform all the
conditions and obligations to be observed and performed by it under each contract, agreement or instrument constituting or relating to the Collateral and/or the Geoffrey Collateral (including, without limitation, the Intercompany Licenses and the
payment of royalties thereunder). 
 SECTION 4.7. Use and Disposition of Collateral and/or Geoffrey Collateral. None of
the Grantors shall make or permit to be made any collateral assignment, pledge or hypothecation of the Collateral or the Geoffrey Collateral or shall grant any other Lien in respect of the Collateral or the Geoffrey Collateral or shall grant Control
(for purposes of security) of any Collateral or the Geoffrey Collateral to any Person, except for Permitted Liens and other Liens permitted to be incurred under Section 4.13 of the Indenture. Except for sales, transfers or other dispositions of
Collateral or Geoffrey Collateral not prohibited under Section 4.11 of the Indenture, none of the Grantors shall make or permit to be made any sale or transfer of the Collateral and/or the Geoffrey Collateral, and, except as expressly permitted in
the Indenture with respect to Eligible In-Transit Inventory (as defined in the ABL 
  

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Credit Agreement) and Eligible Letter of Credit Inventory (as defined in the ABL Credit Agreement), each Grantor shall remain at all times in possession of the Collateral and/or the Geoffrey
Collateral, owned by it. The Grantors shall not permit any expiration, termination, modification, amendment or waiver of any Intercompany License that would reasonably likely materially impair or restrict the ability of the Collateral Agent to
utilize the Proprietary Marks in exercising the Agent’s Rights and Remedies in connection with any Liquidation. 
 SECTION
4.8. Limitation on Modification of Accounts. None of the Grantors will, without the Collateral Agent’s prior written consent, grant any extension of the time of payment of any of the Accounts, compromise, compound or settle the same for
less than the full amount thereof, release, wholly or partly, any Person liable for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, releases, credits, discounts, compromises or settlements granted or
made in the ordinary course of business and consistent with its current practices or in accordance with such prudent business practices as determined by the Officers of the Grantors acting reasonably in their business judgment. 

SECTION 4.9. Insurance. 

(a) (i) Each of the Grantors shall maintain insurance with financially sound and reputable insurers (or, to the extent consistent with
business practices in effect on the date hereof, a program of self-insurance) on such of its property and in at least such amounts and against at least such risks as is consistent with business practices in effect on the date hereof or as otherwise
determined by the Officers of the Grantors acting reasonably in their business judgment, including public liability insurance against claims for personal injury or death occurring upon, in or about or in connection with the use of any properties
owned, occupied or controlled by it; (ii) maintain such other insurance as may be required by law; and (iii) furnish to the Collateral Agent, upon written request, full information as to the insurance carried. 

(b) Subject to the terms of the Intercreditor Agreements, each of the Grantors shall maintain fire and extended coverage policies with
respect to any Collateral endorsed or otherwise amended to include (i) a lenders’ loss payable clause (regarding personal property), in form and substance reasonably satisfactory to the Collateral Agent, which endorsements or amendments
shall provide that the insurer shall pay all proceeds otherwise payable to the Grantors under the policies directly to the Collateral Agent, (ii) a provision to the effect that none of the Grantors, the Secured Parties or any other Affiliate of
a Grantor shall be a co-insurer (the foregoing not being deemed to limit the amount of self-insured retention or deductibles under such policies, which self-insured retention or deductibles shall be consistent with business practices in effect on
the date hereof or as otherwise determined by the Officers of the Grantors acting reasonably in their business judgment), and (iii) such other provisions as the Collateral Agent may reasonably require from time to time to protect the interests
of the Secured Parties. Subject to the terms of the Intercreditor Agreements (i) commercial general liability policies shall be endorsed to name the Collateral Agent as an additional insured and (ii) business interruption policies shall
name the Collateral Agent as a loss payee and shall be endorsed or amended to include (x) a provision that, during the continuance of a Cash Dominion Event (as defined in the ABL Credit Agreement whether or not the ABL Credit Agreement is in
effect), the insurer shall pay all proceeds otherwise payable to the Grantors under such policies directly to the Collateral 
  

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Agent, (y) a provision to the effect that none of the Grantors, Secured Parties (in their capacity as such) or any other Affiliate of a Grantor shall be a co-insurer and (z) such other
provisions to the endorsement as the Collateral Agent may reasonably require from time to time to protect the interests of the Secured Parties. Each such casualty or liability policy referred to in this Section 4.9(b) shall also provide that it
shall not be canceled, modified in any manner than would cause this Section 4.9(b) to be violated, or not renewed (i) by reason of nonpayment of premium except upon no less than thirty (30) days’ prior written notice thereof by
the insurer to the Collateral Agent (giving the Collateral Agent the right to cure defaults in the payment of premiums) or (ii) for any other reason except upon not less than thirty (30) days’ prior written notice thereof by the
insurer to the Collateral Agent. The Issuer shall deliver to the Collateral Agent, prior to the cancellation, modification or non-renewal of any such policy of insurance, a copy of a renewal or replacement policy (or other evidence of renewal of a
policy previously delivered to the Collateral Agent, including an insurance binder) together with evidence satisfactory to the Collateral Agent of payment of the premium therefor. 

(c) Each Grantor hereby irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees or agents
designated by the Collateral Agent) as such Grantor’s true and lawful agent and attorney-in-fact, exercisable only after the occurrence and during the continuance of an Event of Default, for the purpose of making, settling and adjusting claims
in respect of Collateral and the Geoffrey Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance and for making all
determinations and decisions with respect thereto. In the event that any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required hereby or to pay any premium in whole or part relating thereto, the
Collateral Agent may, without waiving or releasing any obligation or liability of the Grantors hereunder or any Default or Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any
other actions with respect thereto as the Collateral Agent deems reasonably advisable. All sums reasonably disbursed by the Collateral Agent in connection with this Section 4.9, including reasonable attorneys’ fees, court costs,
out-of-pocket expenses and other charges relating thereto, shall be payable, upon demand, by the Grantors to the Collateral Agent and shall be additional Secured Obligations secured hereby. 

SECTION 4.10. Commercial Tort Claims. If any Grantor shall at any time acquire a Commercial Tort Claim having a value in excess of
$1,000,000, such Grantor shall promptly notify the Collateral Agent in writing of the details thereof and the Grantors shall take such actions as the Collateral Agent shall reasonably request in order to grant to the Collateral Agent, for the
benefit of the Secured Parties, a perfected and first priority security interest therein and in the Proceeds thereof. 
 SECTION
4.11. Legend. At the request of the Collateral Agent, each Grantor shall legend, in form and manner reasonably satisfactory to the Collateral Agent, its Accounts and its books, records and documents evidencing or pertaining thereto with an
appropriate reference to the fact that such Accounts have been assigned to the Collateral Agent for the benefit of the Secured Parties and that the Collateral Agent has a security interest therein. 

 

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 SECTION 4.12. Notices and Reports Pertaining to Intercompany Licenses. In addition to
any other notice or reporting requirement imposed on the Grantors under this Agreement and the Indenture, the Grantors will promptly notify the Collateral Agent of any breach, default or other circumstance in respect of any Intercompany License
which would reasonably likely materially impair or restrict the ability of the Collateral Agent to utilize the Proprietary Marks in exercising the Agent’s Rights and Remedies in connection with any Liquidation. 

ARTICLE V. 

Collections 

SECTION 5.1. Deposit Accounts. Subject to the terms of the Intercreditor Agreements, until the occurrence of the Discharge of ABL
Obligations, the Grantors acknowledge and agree that the ABL Agent has expressly agreed to act as agent for the benefit of the Collateral Agent and the Secured Parties under each control agreement or blocked account agreement with respect to any
Deposit Accounts and Securities Accounts of a Grantor. Following the Discharge of ABL Obligations, the Grantors shall cause the Collateral Agent to have Control over each Deposit Account and Securities Accounts of a Grantor (other than the
Designated Account). 
 SECTION 5.2. Power of Attorney. Each Grantor irrevocably makes, constitutes and appoints the
Collateral Agent (and all officers, employees or agents designated by the Collateral Agent) as such Grantor’s true and lawful agent and attorney-in-fact, and in such capacity the Collateral Agent shall have the right, with power of substitution
for each Grantor and in each Grantor’s name or otherwise, for the use and benefit of the Collateral Agent and the Secured Parties, (a) at any time, whether or not a Default or Event of Default has occurred, to take actions required to be
taken by the Grantors under Section 2.1 of this Agreement, (b) upon the occurrence and during the continuance of an Event of Default or as otherwise permitted under the Indenture, (i) to take actions required to be taken by the
Grantors under Section 5.1 of this Agreement; (ii) to receive, endorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral and/or the Geoffrey
Collateral or any part thereof; (iii) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral and/or any of the Geoffrey Collateral; (iv) to sign the name of any Grantor on
any invoices, schedules of Collateral, freight or express receipts, or bills of lading storage receipts, warehouse receipts or other documents of title relating to any of the Collateral and/or the Geoffrey Collateral; (v) to sign the name of
any Grantor on any notice to such Grantor’s Account Debtors; (vi) to sign the name of any Grantor on any proof of claim in bankruptcy against Account Debtors, and on notices of lien, claims of mechanic’s liens, or assignments or
releases of mechanic’s liens securing the Accounts; (vii) to sign change of address forms to change the address to which each Grantor’s mail is to be sent to such address as the Collateral Agent shall designate; (viii) to receive
and open each Grantor’s mail, remove any Proceeds of Collateral and/or Geoffrey Collateral therefrom and turn over the balance of such mail either to the Issuer or to any trustee in bankruptcy or receiver of a Grantor, or other legal
representative of a Grantor whom the Collateral Agent reasonably determines to be the appropriate person to whom to so turn over such mail; (ix) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any
court of competent jurisdiction to 
  

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collect or otherwise realize on all or any of the Collateral or the Geoffrey Collateral to enforce any rights in respect of any Collateral and/or any Geoffrey Collateral; (x) to settle,
compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of the Collateral and/or any Geoffrey Collateral; (xi) to take all such action as may be reasonably necessary to obtain the payment of any letter of
credit and/or banker’s acceptance of which any Grantor is a beneficiary; (xii) to repair, manufacture, assemble, complete, package, deliver, alter or supply goods, if any, necessary to fulfill in whole or in part the purchase order of any
customer of any Grantor; (xiii) to use, license or transfer any or all General Intangibles of any Grantor; and (xiv) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the
Collateral and/or any Geoffrey Collateral, and to do all other acts and things reasonably necessary to carry out the purposes of this Agreement, as fully and completely as though the Collateral Agent was the absolute owner of the Collateral and/or
the Geoffrey Collateral for all purposes; provided, however, that nothing herein contained shall be construed as requiring or obligating the Collateral Agent or any other Secured Party to make any inquiry as to the nature or
sufficiency of any payment received by the Collateral Agent or any other Secured Party, or to present or file any claim or notice. It is understood and agreed that the appointment of the Collateral Agent as the agent and attorney-in-fact of the
Grantors for the purposes set forth above is coupled with an interest and is irrevocable. The appointment of the Collateral Agent as the agent and attorney-in-fact of the Grantors for the purposes set forth above shall terminate when the principal
of and interest on the Notes and all fees and other Secured Obligations (other than contingent indemnity obligations with respect to then unasserted claims) shall have been paid in full. 

SECTION 5.3. No Obligation to Act. The Collateral Agent shall not be obligated to do any of the acts or to exercise any of the
powers authorized by Section 5.2 of this Agreement, but if the Collateral Agent elects to do any such act or to exercise any of such powers, it shall not be accountable for more than it actually receives as a result of such exercise of power,
and shall not be responsible to any Grantor for any act or omission to act except for any act or omission to act as to which there is a determination by a court of competent jurisdiction or another independent tribunal having jurisdiction that
(i) the subject act or omission to act by the Collateral Agent or any Affiliate of the Collateral Agent or any officer, director, employee, advisor or agent of the Collateral Agent or such Affiliate constituted gross negligence, was in bad
faith, or constituted willful misconduct or (ii) constituted a breach by the Collateral Agent or any Affiliate of the Collateral Agent or any officer, director, employee, advisor or agent of the Collateral Agent or such Affiliate of its
obligations to such Grantor. The provisions of Section 5.2 of this Agreement shall in no event relieve any Grantor of any of its obligations hereunder or under the Indenture any other Security Document with respect to the Collateral and/or the
Geoffrey Collateral or any part thereof or impose any obligation on the Collateral Agent or any other Secured Party to proceed in any particular manner with respect to the Collateral and/or the Geoffrey Collateral or any part thereof, or in any way
limit the exercise by the Collateral Agent or any other Secured Party of any other or further right which it may have on the date of this Agreement or hereafter, whether hereunder, under the Indenture and any other Security Document, by law or
otherwise. 
  

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 ARTICLE VI. 

Remedies 

SECTION 6.1. Remedies upon Default. Upon the occurrence and during the continuance of an Event of Default, it is agreed that the
Collateral Agent shall have in any jurisdiction in which enforcement hereof is sought, in addition to all other rights and remedies, the rights and remedies of a secured party under the UCC or other Applicable Law. The Collateral Agent’s Rights
and Remedies shall include, without limitation, the right to take any of or all of the following actions at the same or different times as directed by the Collateral Agent acting at the direction of the Holders of a majority in aggregate principal
amount of the then outstanding Notes: 
 (a) With respect to any Collateral and/or any Geoffrey Collateral
consisting of Accounts, General Intangibles (including Payment Intangibles and Intellectual Property), Letter-of-Credit Rights, Instruments, Chattel Paper, Documents, and Investment Property, the Collateral Agent may collect the Collateral and/or
the Geoffrey Collateral with or without the taking of possession of any of the Collateral and/or the Geoffrey Collateral. 

(b) With respect to any Collateral and/or any Geoffrey Collateral consisting of Accounts, the Collateral Agent may
(i) demand, collect and receive any amounts relating thereto, as the Collateral Agent may determine; (ii) commence and prosecute any actions in any court for the purposes of collecting any such Accounts and enforcing any other rights in
respect thereof; (iii) defend, settle or compromise any action brought and, in connection therewith, give such discharges or releases as the Collateral Agent may reasonably deem appropriate; (iv) without limiting the rights of the
Collateral Agent set forth in Section 5.2 hereof, receive, open and dispose of mail addressed to any Grantor and endorse checks, notes, drafts, acceptances, money orders, bills of lading, warehouse receipts or other instruments or documents
evidencing payment, shipment or storage of the goods giving rise to such Accounts or securing or relating to such Accounts, on behalf of and in the name of such Grantor; and (v) sell, assign, transfer, make any agreement in respect of, or
otherwise deal with or exercise rights in respect of, any such Accounts or the goods or services which have given rise thereto, as fully and completely as though the Collateral Agent was the absolute owner thereof for all purposes. 

(c) With respect to any Collateral consisting of Investment Property, the Collateral Agent may (i) exercise all
rights of any Grantor with respect thereto, including without limitation, the right to exercise all voting and corporate rights at any meeting of the shareholders of the issuer of any Investment Property and to exercise any and all rights of
conversion, exchange, subscription or any other rights, privileges or options pertaining to any Investment Property as if the Collateral Agent was the absolute owner thereof, including the right to exchange, at its discretion, any and all of any
Investment Property upon the merger, consolidation, reorganization, recapitalization or other readjustment of the issuer thereof, all without liability except to account for property actually received as provided in Section 5.3 hereof;
(ii) transfer such Collateral at any time to 
  

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itself, or to its nominee, and receive the income thereon and hold the same as Collateral hereunder or apply it to the Secured Obligations; and (iii) demand, sue for, collect or make any
compromise or settlement it deems desirable. The Grantors recognize that (a) the Collateral Agent may be unable to effect a public sale of all or a part of the Investment Property by reason of certain prohibitions contained in the Securities
Act of 1933, 15 U.S.C. § 77, (as amended and in effect, the “Securities Act”) or the securities laws of various states (the “Blue Sky Laws”), but may be compelled to resort to one or more private sales to
a restricted group of purchasers who will be obliged to agree, among other things, to acquire the Investment Property for their own account, for investment and not with a view to the distribution or resale thereof, (b) that private sales so
made may be at prices and upon other terms less favorable to the seller than if the Investment Property were sold at public sales, (c) that neither the Collateral Agent nor any Secured Party has any obligation to delay sale of any of the
Investment Property for the period of time necessary to permit the Investment Property to be registered for public sale under the Securities Act or the Blue Sky Laws, and (d) that private sales made under the foregoing circumstances shall be
deemed to have been made in a commercially reasonable manner. Notwithstanding anything herein to the contrary, no Grantor shall be required to register, or cause the registration of, any Investment Property under the Securities Act or any or Blue
Sky Laws. 
 (d) With respect to any Collateral consisting of Inventory, Goods, and Equipment, the Collateral
Agent may conduct one or more going out of business sales, in the Collateral Agent’s own right or by one or more agents and contractors. Such sale(s) may be conducted upon any premises owned, leased, or occupied by any Grantor. The Collateral
Agent and any such agent or contractor, in conjunction with any such sale, may augment the Inventory with other goods (all of which other goods shall remain the sole property of the Collateral Agent or such agent or contractor). Any amounts realized
from the sale of such goods which constitute augmentations to the Inventory (net of an allocable share of the costs and expenses incurred in their disposition) shall be the sole property of the Collateral Agent or such agent or contractor and
neither any Grantor nor any Person claiming under or in right of any Grantor shall have any interest therein. Each purchaser at any such going out of business sale shall hold the property sold absolutely, free from any claim or right on the part of
any Grantor. 
 (e) With respect to any Proprietary Marks, the Collateral Agent may exercise all of the rights
granted to the Grantors under the Intercompany Licenses (for the limited purpose of allowing the Collateral Agent to utilize the Proprietary Marks in exercising the Agent’s Rights and Remedies in connection with any Liquidation of any
Grantor’s Inventory or other Collateral). 
 (f) With or without legal process and with or without prior
notice or demand for performance, the Collateral Agent may enter upon, occupy, and use any premises owned or occupied by each Grantor, and may exclude the Grantors from such premises or portion thereof as may have been so entered upon, occupied, or
used by the Collateral Agent to the extent the Collateral Agent deems such exclusion reasonably necessary to preserve and protect the Collateral and/or the Geoffrey Collateral. The Collateral Agent

  

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shall not be required to remove any of the Collateral from any such premises upon the Collateral Agent’s taking possession thereof, and may render any Collateral and/or Geoffrey Collateral
unusable to the Grantors. In no event shall the Collateral Agent be liable to any Grantor for use or occupancy by the Collateral Agent of any premises pursuant to this Section 6.1, nor for any royalties or any other amounts due under, or any
other obligations in respect of, the Intercompany Licenses, nor for any charge (such as wages for the Grantors’ employees and utilities) incurred in connection with the Collateral Agent’s exercise of the Agents’ Rights and Remedies.

 (g) The Collateral Agent may require any Grantor to assemble the Collateral and make it available to the
Collateral Agent at the Grantor’s sole risk and expense at a place or places which are reasonably convenient to both the Collateral Agent and such Grantor. 

(h) Each Grantor agrees that the Collateral Agent shall have the right, subject to Applicable Law, to sell or otherwise
dispose of all or any part of the Collateral and/or the Geoffrey Collateral, at public or private sale, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate. Each purchaser at any such sale shall hold the
property sold absolutely, free from any claim or right on the part of any Grantor. 
 (i) Unless the Collateral
and/or Geoffrey Collateral is perishable or threatens to decline speedily in value, or is of a type customarily sold on a recognized market (in which event the Collateral Agent shall provide the Grantors such notice as may be practicable under the
circumstances), the Collateral Agent shall give the Grantors at least ten (10) days’ prior written notice, by authenticated record, of the date, time and place of any proposed public sale, and of the date after which any private sale or
other disposition of the Collateral and/or Geoffrey Collateral may be made. Each Grantor agrees that such written notice shall satisfy all requirements for notice to that Grantor which are imposed under the UCC or other Applicable Law with respect
to the exercise of the Agent’s Rights and Remedies upon default. The Collateral Agent shall not be obligated to make any sale or other disposition of any Collateral and/or Geoffrey Collateral if it shall determine not to do so, regardless of
the fact that notice of sale or other disposition of such Collateral and/or such Geoffrey Collateral shall have been given. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned
from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. 

(j) Any public sale shall be held at such time or times within ordinary business hours and at such place or places as the
Collateral Agent may fix and state in the notice of such sale. At any sale or other disposition, the Collateral and/or the Geoffrey Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the
Collateral Agent may (in its sole and absolute discretion) determine. If any of the Collateral and/or the Geoffrey Collateral is sold, leased, or otherwise disposed of by the Collateral Agent on credit, the Secured Obligations shall not be deemed to
have been reduced as a result thereof unless and until payment is received thereon by the Collateral Agent. 
  

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 (k) At any public (or, to the extent permitted by Applicable Law, private)
sale made pursuant to this Section 6.1, the Collateral Agent or any other Secured Party may bid for or purchase, free (to the extent permitted by Applicable Law) from any right of redemption, stay, valuation or appraisal on the part of any
Grantor, the Collateral, the Geoffrey Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to the Collateral Agent or such other Secured Party from any Grantor on account of
the Secured Obligations as a credit against the purchase price, and the Collateral Agent or such other Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any Grantor
therefor. 
 (l) For purposes hereof, a written agreement to purchase the Collateral, the Geoffrey Collateral or
any portion thereof shall be treated as a sale thereof. The Collateral Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral, the Geoffrey Collateral or any portion
thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Secured Obligations paid in full. 

(m) As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit
or suits at law or in equity to foreclose upon the Collateral and/or the Geoffrey Collateral and to sell the Collateral and/or the Geoffrey Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent
jurisdiction or pursuant to a proceeding by a court-appointed receiver. 
 (n) To the extent permitted by
Applicable Law, each Grantor hereby waives all rights of redemption, stay, valuation and appraisal which such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. 

(o) In the case of any receivership, insolvency, bankruptcy, reorganization, arrangement, adjustment, composition or other
proceedings affecting the Issuer or the creditors or property of the Issuer, the Collateral Agent and Secured Parties, to the extent permitted by Applicable Law, shall be entitled to file such proofs of claim and other documents as may be necessary
or advisable in order to have the claims of the Collateral Agent and the other Secured Parties allowed in such proceedings for the entire amount of the Secured Obligations at the date of the institution of such proceedings and for any additional
portion of the Secured Obligations accruing after such date. 
 Notwithstanding the foregoing to the contrary, prior to the occurrence of an
Event of Default pursuant to Section 6.01 of the Indenture, the Agent’s exercise of any Rights and Remedies in respect of the Geoffrey Collateral shall be subject to the rights of any third party under any international license and/or
franchise agreements as in effect on such date. 
  

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 SECTION 6.2. Application of Proceeds. After the occurrence and during the continuance
of any Event of Default and acceleration of the Secured Obligations pursuant to Section 6.02 of the Indenture, the Collateral Agent shall promptly apply the proceeds of any collection or sale of the Collateral and/or the Geoffrey Collateral, as
well as any Collateral consisting of cash, or any Collateral and/or Geoffrey Collateral granted under any other of the Security Documents, in accordance with Section 6.13 of the Indenture, subject to the terms of the Intercreditor Agreements.

 Subject to the right of the Holders of a majority in aggregate principal amount of the then outstanding Notes to direct the
exercise of the Agent’s Rights and Remedies upon the occurrence of an Event of Default and subject to the terms of the Intercreditor Agreements, the Collateral Agent shall have absolute discretion as to the time of application of any such
proceeds, moneys or balances in accordance with this Agreement. Upon any sale or other disposition of the Collateral and/or the Geoffrey Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial
proceeding), the receipt of the purchase money by the Collateral Agent or of the officer making the sale or other disposition shall be a sufficient discharge to the purchaser or purchasers of the Collateral and/or the Geoffrey Collateral so sold or
otherwise disposed of and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof.

 ARTICLE VII. 

Perfection of Security Interest 

SECTION 7.1. Perfection by Filing. This Agreement constitutes an authenticated record, and each Grantor hereby authorizes the
Collateral Agent, pursuant to the provisions of Sections 2.1 and 5.2 of this Agreement, to file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Collateral and/or the Geoffrey Collateral,
in such filing offices as the Collateral Agent shall reasonably deem appropriate, and, if and to the extent the Collateral Agent files financing or continuation statements, the Grantors shall pay the Collateral Agent’s reasonable costs and
expenses incurred in connection therewith. Each Grantor hereby further agrees that a carbon, photographic, or other reproduction of this Agreement shall be sufficient as a Financing Statement and may be filed as a Financing Statement in any and all
jurisdictions. Notwithstanding the above authorization, it is the obligation of each Grantor to file all financing or continuation statements, or amendments thereto, to perfect the security interests created by this Agreement. 

SECTION 7.2. Other Perfection, Etc. The Grantors shall at any time and from time to time take such actions as are necessary for
the Collateral Agent (a) to obtain Control of any Deposit Accounts to the extent required by Section 2.18 of the ABL Credit Agreement, with any agreements establishing control to be in form and substance reasonably satisfactory to the
Collateral Agent; provided that prior to the Discharge of ABL Obligations the requirement of this Section 7.2(a) with respect to the delivery of any control agreement to the Collateral Agent shall be deemed satisfied by the delivery of
such control agreement to the ABL Agent, (b) to obtain Control of any Investment Property, Letter-of-Credit Rights or Electronic Chattel Paper, 

 

 -22- 

 
with any agreements establishing control to be in form and substance reasonably satisfactory to the Collateral Agent, and (c) otherwise to insure the continued perfection of the Collateral
Agent’s security interest in any of the Collateral and/or the Geoffrey Collateral with the priority described in Section 3.2 and of the preservation of its rights therein. 

SECTION 7.3. Savings Clause. Nothing contained in this Article VII shall be construed to narrow the scope of the Collateral
Agent’s Security Interest in any of the Collateral, the Geoffrey Collateral or the perfection or priority thereof or to impair or otherwise limit any of the Agent’s Rights and Remedies hereunder except (and then only to the extent) as
mandated by the UCC. 
 ARTICLE VIII. 

Miscellaneous 

SECTION 8.1. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in
writing and given as provided in Section 14.02 of the Indenture. 
 SECTION 8.2. Grant of Non-Exclusive License.
Without limiting the rights of the Collateral Agent under the assignment of the Intercompany Licenses provided herein, each Grantor hereby grants to the Collateral Agent a royalty free, non-exclusive, irrevocable license, which license shall be
exercisable upon the existence and during the continuance of an Event of Default, to use, apply, and affix any Intellectual Property (other than Intellectual Property licensed pursuant to the Intercompany Licenses, including the Proprietary Marks)
in which any Grantor now or hereafter has rights, such license being with respect to the Collateral Agent’s exercise of the Agent’s Rights and Remedies hereunder including, without limitation, in connection with any Liquidation of
Inventory; provided, however, that the Collateral Agent’s exercise of the foregoing license shall be conditioned upon the Collateral Agent not violating any obligations (excluding the payment of royalties) or restrictions to which
the Grantor of the related Intellectual Property is subject (except those obligations or restrictions which would reasonably likely materially impair or restrict the ability of the Collateral Agent to utilize the Intellectual Property in exercising
the Agent’s Rights and Remedies). Nothing in this Section 8.2 shall require Geoffrey to grant any license that is prohibited by any rule of law, statute or regulation or is prohibited by, or constitutes a breach or default under or results
in the termination of or gives rise to any right of acceleration, modification or cancellation under any contract, license, agreement, instrument or other document evidencing, giving rise to a right to use or theretofore granted with respect to such
property; provided further that such licenses to be granted hereunder with respect to trademarks and Proprietary Marks shall be subject to the maintenance of quality standards with respect to the goods and services on which such
trademarks are used sufficient to preserve the validity of such trademarks and Proprietary Marks. 
 SECTION 8.3. Security
Interest Absolute. All rights of the Collateral Agent hereunder, the Security Interest and all obligations of the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the
Indenture, any other Security Document, any agreement with respect to any of the Secured Obligations or any 
  

 -23- 

 
other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or
any other amendment or waiver of or any consent to any departure from the Indenture, any other Security Document, or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release
or amendment or waiver of or consent under or departure from the Guarantee or any other guarantee, securing or guaranteeing all or any of the Secured Obligations, or (d) any other circumstance that might otherwise constitute a defense available
to, or a discharge of, any Grantor in respect of the Secured Obligations or this Agreement (other than circumstances under which the principal of and interest on each Note and all fees and other Secured Obligations (other than contingent indemnity
obligations with respect to then unasserted claims) shall have been paid in full. 
 SECTION 8.4. Survival of Agreement.
All covenants, agreements, representations and warranties made by the Grantors herein and in any other Security Document and in the certificates or other instruments delivered in connection with or pursuant to this Agreement, the Indenture or any
other Security Document shall be considered to have been relied upon by the Collateral Agent and the other Secured Parties and shall survive the execution and delivery of this Agreement, the Indenture and the other Security Documents and the
issuance of any Notes, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Collateral Agent or any Secured Party may have had notice or knowledge of any Default or Event of Default or incorrect
representation or warranty, and shall continue in full force and effect unless terminated in accordance with Section 8.15 hereof. In connection with the termination of this Agreement and the release and termination of the security interests in
the Collateral and/or the Geoffrey Collateral, the Collateral Agent, on behalf of itself and the other Secured Parties, may require such indemnities as it shall reasonably deem necessary or appropriate to protect the Secured Parties against any loss
on account of credits previously applied to the Secured Obligations that may subsequently be reversed or revoked. 
 SECTION
8.5. Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party, and all covenants, promises and
agreements by or on behalf of the Grantors that are contained in this Agreement shall bind and inure to the benefit of each Grantor and its respective successors and assigns. This Agreement shall be binding upon each Grantor and the Collateral Agent
and its successors and permitted assigns, and shall inure to the benefit of each Grantor, the Collateral Agent and the other Secured Parties and their respective successors and permitted assigns, except that no Grantor shall have the right to assign
or transfer its rights or obligations hereunder or any interest herein or in the Collateral and/or the Geoffrey Collateral (and any such attempted assignment or transfer shall be void) except as expressly permitted by this Agreement or the
Indenture. This Agreement shall be construed as a separate agreement with respect to each Grantor and may be amended, modified, supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without
affecting the obligations of any other Grantor hereunder. 
  

 -24- 

 SECTION 8.6. Fees and Expenses; Indemnification. 

(a) Without limiting any of their obligations under the Indenture or the other Security Documents, and without duplication of any fees,
expenses or indemnification provided for under the Indenture and the other Security Documents, the Grantors jointly and severally shall pay all reasonable out-of-pocket expenses incurred by the Collateral Agent, including the reasonable fees,
charges and disbursements of any counsel and outside consultants for the Collateral Agent, within fifteen (15) Business Days after receipt of an invoice therefore setting forth such expenses in reasonable detail, in connection with (i) the
administration of this Agreement, (ii) the custody or preservation of, or the sale of, collection from or other realization upon any of the Collateral and/or the Geoffrey Collateral, (iii) the exercise, enforcement or protection of any of
the Agent’s Rights and Remedies hereunder or (iv) the failure of any Grantor to perform or observe any of the provisions hereof; provided that in the event the Grantors have a bona fide dispute with any such expenses, payment of
such disputed amounts shall not be required until the earlier of the date such dispute is resolved to the reasonable satisfaction of the Grantors or thirty (30) days after receipt of any such invoice (and any such disputed amount which is so
paid shall be subject to a reservation of the Grantors’ rights with respect thereto). 
 (b) Without limiting any of their
indemnification obligations under the Indenture or the other Security Documents, and without duplication of any fees, expenses or indemnification provided for under the Indenture and the other Security Documents, each Grantor, shall, jointly and
severally, indemnify the Collateral Agent and each of its Subsidiaries and Affiliates, and each of the respective stockholders, directors, officers, employees, agents, attorneys, and advisors of any of the foregoing Persons (each such Person being
called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all damages, actual out-of-pocket losses, claims, actions, causes of action, settlement payments, obligations, liabilities and related expenses,
including the reasonable fees, charges and disbursements of one counsel for the Collateral Agent, incurred, suffered, sustained or required to be paid by, or asserted against, any Indemnitee arising out of, in any way connected with, or as a result
of (i) the execution or delivery of this Agreement, the Indenture or any other Security Document, the performance by any Grantor of its obligations under this Agreement, the Indenture or any other Security Document, or the consummation of the
transactions contemplated by the Indenture and the Security Documents or any other transactions contemplated hereby, or (ii) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing or to the
Collateral, whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto; provided, however, that such indemnity shall not, as to any Indemnitee, be available to the extent that such
losses, claims, damages, liabilities or related expenses (w) are determined by a court of competent jurisdiction or another independent tribunal having jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of
any Agent or such Indemnitee or any Affiliate of such Indemnitee (or any officer, director, employee, advisor or agent of such Indemnitee or any such Indemnitee’s Affiliates), (x) are relating to disputes among Indemnitees, or (y) are
determined by a court of competent jurisdiction or another independent tribunal having jurisdiction to have resulted from a breach by such Indemnitee of its obligations to a Grantor. No party hereto shall be liable to any other party hereto for any
indirect, consequential, special or punitive damages except, in the case of any Grantor, to the extent such Grantor is otherwise required to provide indemnification pursuant to this Section 8.6(b). In connection with any indemnified claim
hereunder, the Indemnitee shall be entitled to select its own counsel and the Grantors shall promptly pay the reasonable fees and expenses of such counsel. 
  

 -25- 

 (c) Any such amounts payable as provided hereunder shall be additional Secured Obligations
secured hereby and by the other Security Documents. The provisions of this Section 8.6 shall remain operative and in full force and effect regardless of the termination of this Agreement, Indenture or any other Security Document, the consummation of
the transactions contemplated hereby or thereby, the repayment of the Notes, the payment of all fees and other Secured Obligations, the invalidity or unenforceability of any term or provision of this Agreement, the Indenture or any other Security
Document, or any investigation made by or on behalf of any Secured Party. All amounts due under this Section 8.6 shall be payable promptly after written demand therefor. 

SECTION 8.7. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK. 
 SECTION 8.8. Waivers; Amendment. 

(a) The rights, remedies, powers, privileges, and discretions of the Collateral Agent hereunder (herein, the “Agent’s Rights
and Remedies”) shall be cumulative and not exclusive of any rights or remedies which it would otherwise have. No delay or omission by the Collateral Agent in exercising or enforcing any of the Agent’s Rights and Remedies shall operate
as, or constitute, a waiver thereof. No waiver by the Collateral Agent of any Event of Default or of any Default under any other agreement shall operate as a waiver of any other Event of Default or other Default hereunder or under any other
agreement. No single or partial exercise of any of the Agent’s Rights or Remedies, and no express or implied agreement or transaction of whatever nature entered into between the Collateral Agent and any Person, at any time, shall preclude the
other or further exercise of the Agent’s Rights and Remedies. No waiver by the Collateral Agent of any of the Agent’s Rights and Remedies on any one occasion shall be deemed a waiver on any subsequent occasion, nor shall it be deemed a
continuing waiver. Subject to the right of the Collateral Agent acting at the direction of Holders of a majority in aggregate principal amount of the then outstanding Notes to direct the exercise of the Agent’s Rights and Remedies upon the
occurrence and during the continuance of an Event of Default, the Agent’s Rights and Remedies may be exercised at such time or times and in such order of preference as the Collateral Agent may determine. The Agent’s Rights and Remedies may
be exercised without resort or regard to any other source of satisfaction of the Secured Obligations. No waiver of any provisions of this Agreement, the Indenture or any other Security Document or consent to any departure by any Grantor therefrom
shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on any
Grantor in any case shall entitle such Grantor or any other Grantor to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to a written agreement entered
into between the Collateral Agent and the Grantor or Grantors with respect to whom such waiver, amendment or modification is to apply, subject to any consent required in accordance with Article 9 of the Indenture. 

 

 -26- 

 SECTION 8.9. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE INDENTURE, ANY OTHER SECURITY DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY); AND WAIVES DUE DILIGENCE, DEMAND, PRESENTMENT AND PROTEST AND ANY NOTICES THEREOF AS WELL AS NOTICE OF NONPAYMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED
TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8.9. 
 SECTION 8.10.
Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be so affected or impaired thereby
and (b) the parties hereto shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or
unenforceable provision. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

SECTION 8.11. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic
transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 8.12.
Headings. Section headings used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 8.13. Jurisdiction; Consent to Service of Process. The Grantors agree that any suit for the enforcement of this Agreement,
the Indenture or any other Security Document may be brought in the courts of the State of New York sitting in the Borough of Manhattan or any federal court sitting therein as the Collateral Agent may elect in its sole discretion and consent to the
non-exclusive jurisdiction of such courts. The Grantors hereby waive any objection which they may now or hereafter have to the venue of any such suit or any such court or that such suit is brought in an inconvenient forum and agrees that a final
judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Collateral Agent may
otherwise have to bring any action or proceeding relating to this Agreement against a Grantor or its properties in the courts of any jurisdiction. The Grantors agree that any action commenced by any Grantor asserting any claim or counterclaim
arising 
  

 -27- 

 
under or in connection with this Agreement, Indenture or any other Security Document shall be brought solely in a court sitting in the Borough of Manhattan or any federal court sitting therein as
the Collateral Agent may elect in its sole discretion and consent to the exclusive jurisdiction of such courts with respect to any such action. Each party to this Agreement irrevocably consents to service of process in the manner provided for
notices in Section 8.1 of this Agreement. Nothing in this Agreement, Indenture or any other Security Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 8.14. Joinder to Security Agreement. As contemplated in the Indenture, additional Subsidiaries may from time to time
become parties hereto and additional Grantors hereunder by execution and delivery of a Joinder to Security Agreement. Such Joinder to Security Agreement shall be effective upon delivery by such additional Grantor, without further action or consent
or notice to any party hereto. Upon delivery of such Joinder to Security Agreement, all obligations of each Grantor hereunder shall be joint and several with the obligations of each other Grantor hereunder. 

SECTION 8.15. Termination; Release of Collateral. 

(a) Any Lien upon any Collateral and/or Geoffrey Collateral will be released automatically if the Collateral and/or Geoffrey Collateral
constitutes property being sold, transferred or disposed of in a sale, transfer or other disposition not prohibited under Section 4.11 of the Indenture upon receipt by the Collateral Agent of the Net Proceeds thereof to the extent required by the
Indenture and in the other circumstances contemplated in Section 11.04 of the Indenture. 
 (b) Upon at least two
(2) Business Days’ prior written request by the Issuer, the Collateral Agent shall execute such documents as may be necessary to evidence the release of the Liens upon any Collateral and/or any Geoffrey Collateral described in
Section 8.15(a) of this Agreement; provided, however, that (i) the Collateral Agent shall not be required to execute any such document on terms which, in its reasonable opinion, would, under Applicable Law, expose the
Collateral Agent to liability or create any obligation or entail any adverse consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Secured
Obligations or any Liens (other than those expressly being released) upon (or obligations of any Grantor in respect of) all interests retained by any Grantor, including (without limitation) the proceeds of any sale, all of which shall continue to
constitute part of the Collateral and/or the Geoffrey Collateral. 
 (c) Except for those provisions which expressly survive the
termination thereof, this Agreement and the Security Interest granted herein shall terminate when the principal of and interest on each Note and other Secured Obligations (other than contingent indemnity obligations with respect to then unasserted
claims) shall have been paid in full, at which time the Collateral Agent shall execute and deliver to the Grantors, at the Grantors’ expense, all UCC termination statements and similar documents that the Grantors shall reasonably request to
evidence such termination; provided, however, that the Indenture, this Agreement, and the Security Interest granted herein shall be reinstated if at any time payment, or any part thereof, of any Secured Obligation is rescinded or must
otherwise be restored by any Secured Party upon the bankruptcy or reorganization of the Issuer or other Grantor. Any execution and delivery of termination statements or documents pursuant to this Section 8.15 shall be without recourse to, or
warranty by, the Collateral Agent or any other Secured Party. 
  

 -28- 

 SECTION 8.16. Intercreditor Agreements. Notwithstanding anything herein to the
contrary, the lien and Security Interest granted to the Collateral Agent pursuant to this Agreement and the exercise of any right or remedy by the Collateral Agent hereunder are subject to the provisions of the Intercreditor Agreements. In the event
of any conflict between the terms of the Intercreditor Agreements and the terms of this Agreement, the terms of the Intercreditor Agreements shall govern and control. Without limiting the generality of the foregoing, and notwithstanding anything
herein to the contrary, all rights and remedies of the Collateral Agent (and the Secured Parties) shall be subject to the terms of the Intercreditor Agreements, and any obligation of any Grantor hereunder or under any other Security Document with
respect to the delivery or control of any Collateral, the novation of any lien on any certificate of title, bill of lading or other document, the giving of any notice to any bailee or other Person, the provision of voting rights or the obtaining of
any consent of any Person, in each case in connection with any Collateral, shall be deemed to be satisfied if such Grantor, as applicable, complies with the requirements of the similar provision of the applicable document with respect to the ABL
Obligations or the Term Loan Credit Facility Obligations. The delivery of any Collateral to or the control of any Collateral by to either the ABL Agent or the Term Loan Collateral Agent as required by the applicable Intercreditor Agreement shall
satisfy any delivery or control requirement hereunder or under any other Security Document, with respect to the Collateral. 

SECTION 8.17. Force Majeure. In no event shall the Collateral Agent be responsible or liable for any failure or delay in the
performance of their obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances,
nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Collateral Agent shall use reasonable efforts that are
consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

[SIGNATURE PAGES FOLLOW] 
  

 -29- 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement under seal as of
the day and year first above written. 
  

					
	GRANTORS:
	
	TOYS “R” US-DELAWARE, INC.,
	 as the Issuer and as a Grantor

		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	GEOFFREY, LLC,
	 as a Grantor

		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	GEOFFREY INTERNATIONAL, LLC,
	 as a Grantor

		
	By:	 	Geoffrey, LLC, its sole member
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer

 [Security
Agreement] 

					
	GEOFFREY HOLDINGS, LLC,
	 as a Grantor

		
	By:	 	TOYS “R” US-DELAWARE, INC.,
		 	its sole member
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	TRU-SVC, LLC,
	 as a Grantor

		
	By:	 	 /s/ Joel Wiest

		 	Name:	 	Joel Wiest
		 	Title:	 	Manager
	
	TOYS ACQUISITION, LLC,
	 as a Grantor

		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	TRU OF PUERTO RICO, INC.,
	 as a Grantor

		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer

 [Security
Agreement] 

									
	COLLATERAL AGENT:	 	THE BANK OF NEW YORK MELLON
				
		 		 	By:	 	 /s/ Raymond K. O’Neil

		 		 		 	Name:	 	Raymond K. O’Neil
		 		 		 	Title:	 	Senior Associate

 [Security Agreement]

 Exhibit A 

License Agreements 
  

	 	1.	License Agreement, dated as of January 23, 2004, by and between Geoffrey, LLC (as successor in interest to Geoffrey, Inc.), as Licensor, and Toys “R”
Us-Delaware, Inc., as Licensee, as amended and in effect as of the date hereof. 

  

	 	2.	License Agreement, dated as of January 23, 2004, by and between Geoffrey, LLC (as successor in interest to Geoffrey, Inc.), as Licensor, and Toys “R”
Us-Delaware, Inc. (as successor by merger to Toys “R” Us-Mass., Inc., as Licensee. 

  

	 	3.	License Agreement, dated as of January 23, 2004, by and between Geoffrey, LLC (as successor in interest to Geoffrey, Inc.), as Licensor, and Toys “R”
Us-Delaware, Inc. (as successor by merger to Toys “R” Us-NY, LLC), as Licensee. 

  

	 	4.	License Agreement, dated as of January 23, 2004, by and between Geoffrey, LLC (as successor in interest to Geoffrey, Inc.), as Licensor, and Toys “R”
Us-Delaware, Inc. (as successor by merger to Toys “R” Us-Ohio, Inc.), as Licensee. 

  

	 	5.	License Agreement, dated as of January 23, 2004, by and between Geoffrey, LLC (as successor in interest to Geoffrey, Inc.), as Licensor, and Toys “R”
Us-Delaware, Inc. (as successor by merger to Toys “R” Us-Penn., Inc.), as Licensee. 

  

	 	6.	License Agreement, dated as of January 23, 2004, by and between Geoffrey, LLC (as successor in interest to Geoffrey, Inc.), as Licensor, and Toys “R”
Us-Delaware, Inc. (as successor by merger to Toys “R” Us-Texas LLC, as Licensee. 

  

	 	7.	Second Amended and Restated License Agreement, dated as of January 7, 2002, among Geoffrey, LLC (as successor in interest to Geoffrey, Inc.) and Toys “R”
Us (Canada) Ltd. Toys “R” Us (Canada) Ltee., as Licensors, and Toys “R” Us-Delaware, Inc. (as successor by merger to Toysnis.com, LLC and Babiesrus.com, LLC), Imaginarium.com, LLC and Toysrus.com, LLC, as Licensees.

 [Exhibit A to the Security Agreement] 

 Exhibit B 

United States Proprietary Marks 
  

	 	•	 	 Schedule 7 to the Perfection Certificate is incorporated herein by reference, to the extent applicable. 

[Exhibit B to the Security Agreement] 

 Schedule 3.2 

UCC Filings 
  

							
	 Item
	  	 Grantor
	  	 Filing Requirement
	  	 Filing Office

	1	  	Toys “R” Us-Delaware, Inc.	  	 UCC-1 financing

statement
	  	 Secretary of State

State of Delaware

				
	2	  	TRU-SVC, LLC	  	UCC-1 Assignment	  	 State Corporation Commission

Commonwealth of Virginia

				
	3	  	Toys Acquisition, LLC	  	 UCC-1 financing

statement
	  	 Secretary of State

State of Delaware

				
	4	  	TRU of Puerto Rico, Inc.	  	 UCC-1 financing

statement
	  	 State Department of

Commonwealth of Puerto Rico

				
	5	  	Geoffrey Holdings, LLC	  	UCC-1 Assignment	  	 Secretary of State

State of Delaware

				
	6	  	Geoffrey, LLC	  	 UCC-1 financing

statement
	  	 Secretary of State

State of Delaware

				
	7	  	Geoffrey International, LLC	  	 UCC-1 financing

statement
	  	 Secretary of State

State of Delaware

[Schedule 3.2 to the Security Agreement] 

 Schedule 3.4 

Bailees, Warehousemen and Third Parties 
  

							
	 Bailee/Warehouseman
	  	 Address
	  	 Grantors
	  	
Inventory >
$20.0
million

	California Cartage Co.	  	 2401 East Pacific Coast Highway

Wilmington CA 90744
	  	Toy “R” Us-Delaware, Inc.	  	No
	California Cartage Co.	  	 2132A East Dominguez Street

Carson, CA 90810
	  	Toy “R” Us-Delaware, Inc.	  	No
	Exel, Inc.	  	 2829 Rohr Road
 Groveport, OH
43125
	  	Toy “R” Us-Delaware, Inc.	  	Yes
	Exel, Inc.	  	 350 Mac Lane, Keasbey, NJ

08832
	  	Toy “R” Us-Delaware, Inc.	  	No

 [Schedule 3.4 to the
Security Agreement] 

 Schedule 3.7 

Certain Commercial Tort Claims 

None. 

[Schedule 3.7 to the Security Agreement]First Lien Intercreditor Agreement

 Exhibit 4.4 

FIRST LIEN INTERCREDITOR AGREEMENT 

dated as of 

August 24, 2010 

among 
 BANK OF
AMERICA, N.A., 
 as Term Loan Collateral Agent, 

THE BANK OF NEW YORK MELLON, 

as Notes Collateral Agent, 

and 
 each
Additional Collateral Agent from time to time party hereto 
 and 

Toys “R” US - Delaware, Inc. 

and 
 each other
Grantor from time to time party hereto 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page
	
	ARTICLE I
	
	DEFINITIONS
			
	SECTION 1.01	  	Construction; Certain Defined Terms	  	1
	
	ARTICLE II
	
	PRIORITIES AND AGREEMENTS WITH RESPECT TO COMMON COLLATERAL
			
	SECTION 2.01	  	Priority of Claims	  	8
	SECTION 2.02	  	Actions with Respect to Common Collateral; Prohibition on Contesting Liens	  	9
	SECTION 2.03	  	No Interference; Payment Over	  	10
	SECTION 2.04	  	Automatic Release of Liens; Amendments to First Lien Security Documents	  	11
	SECTION 2.05	  	Certain Agreements with Respect to Bankruptcy or Insolvency Proceedings	  	12
	SECTION 2.06	  	Reinstatement	  	13
	SECTION 2.07	  	Insurance	  	13
	SECTION 2.08	  	Refinancings	  	13
	SECTION 2.09	  	Possessory or Control Collateral Agent	  	14
	
	ARTICLE III
	
	ADDITIONAL FIRST LIEN OBLIGATIONS
			
	SECTION 3.01	  	Additional First Lien Obligations	  	14
	
	ARTICLE IV
	
	EXISTENCE AND AMOUNTS OF LIENS AND OBLIGATIONS
	
	ARTICLE V
	
	THE AUTHORIZED COLLATERAL AGENT
			
	SECTION 5.01	  	Authority	  	16
	SECTION 5.02	  	Rights as a First Lien Secured Party	  	17
	SECTION 5.03	  	Exculpatory Provisions	  	17
	SECTION 5.04	  	Reliance by Authorized Collateral Agent	  	19
	SECTION 5.05	  	Delegation of Duties	  	19

  

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	 	  	 	  	Page
			
	SECTION 5.06	  	Non-Reliance on Authorized Collateral Agent and Other First Lien Secured Parties	  	19
	
	ARTICLE VI
	
	MISCELLANEOUS
			
	SECTION 6.01	  	Notices	  	20
	SECTION 6.02	  	Waivers; Amendment; Joinder Agreements	  	21
	SECTION 6.03	  	Parties in Interest	  	21
	SECTION 6.04	  	Survival of Agreement	  	21
	SECTION 6.05	  	Counterparts	  	21
	SECTION 6.06	  	Severability	  	22
	SECTION 6.07	  	Governing Law	  	22
	SECTION 6.08	  	Submission to Jurisdiction; Waivers	  	22
	SECTION 6.09	  	WAIVER OF JURY TRIAL	  	22
	SECTION 6.10	  	Headings	  	23
	SECTION 6.11	  	Conflicts	  	23
	SECTION 6.12	  	Provisions Solely to Define Relative Rights	  	23
	SECTION 6.13	  	Integration	  	23
	SECTION 6.14	  	Force Majeure	  	23
	SECTION 6.15	  	Authority of Notes Collateral Agent	  	24

  

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 FIRST LIEN INTERCREDITOR AGREEMENT (as amended, restated, modified or supplemented from time
to time, this “Agreement”) dated as of August 24, 2010, among BANK OF AMERICA, N.A., as agent for the Term Loan Secured Parties (as defined below) (in such capacity and together with its successors in such capacity, the
“Term Loan Collateral Agent”), THE BANK OF NEW YORK MELLON, as collateral agent for the Notes Secured Parties (as defined below) (in such capacity and together with its successors in such capacity, the
“Notes Collateral Agent”), each Additional Collateral Agent (as defined below), from time to time party hereto for the Additional First Lien Secured Parties (as defined below) of the Series (as
defined below) with respect to which it is acting in such capacity, each Grantor (as defined below) and each Additional Grantor (as defined below). 

In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Term Loan Collateral Agent (for itself and on behalf of the Term Loan Secured Parties), the Notes Collateral Agent (for itself and on behalf of the Notes Secured Parties), each Additional Collateral Agent (for
itself and on behalf of the Additional First Lien Secured Parties of the applicable Series), each Grantor and each Additional Grantor agree as follows: 

ARTICLE I 

Definitions 

SECTION 1.01 Construction; Certain Defined Terms. 

(a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument, other document, statute or
regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, supplemented or otherwise modified, (ii) any reference herein to any Person shall be construed
to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is made to such subsidiaries, (iii) the words “herein”, “hereof and
“hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (iv) all references herein to Articles, Sections and Annexes shall be construed to
refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (vi) the term “or” is not exclusive. 

(b) It is the intention of the First Lien Secured Parties of each Series that the holders of First Lien Obligations of such Series (and
not the First Lien Secured Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the First Lien Obligations of such Series are unenforceable under applicable law or are

 
subordinated to any other obligations (other than another Series of First Lien Obligations), (y) any of the First Lien Obligations of such Series do not have an enforceable security interest
in any of the Collateral securing any other Series of First Lien Obligations and/or (z) any intervening security interest exists securing any other obligations (other than another Series of First Lien Obligations) on a basis ranking prior to
the security interest of such Series of First Lien Obligations but junior to the security interest of any other Series of First Lien Obligations or (ii) the existence of any Collateral for any other Series of First Lien Obligations that is not
Common Collateral (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of First Lien Obligations, an “Impairment” of such Series). In the event of any Impairment with
respect to any Series of First Lien Obligations, the results of such Impairment shall be borne solely by the holders of such Series of First Lien Obligations, and the rights of the holders of such Series of First Lien Obligations (including, without
limitation, the right to receive distributions in respect of such Series of First Lien Obligations pursuant to Section 2.01) set forth herein shall be modified to the extent necessary so that the effects of such Impairment are borne solely by
the holders of the Series of such First Lien Obligations subject to such Impairment. Additionally, in the event the First Lien Obligations of any Series are modified pursuant to applicable law (including, without limitation, pursuant to
Section 1129 of the Bankruptcy Code), any reference to such First Lien Obligations or the Secured Credit Documents governing such First Lien Obligations shall refer to such obligations or such documents as so modified. 

(c) Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Term Loan Credit Facility. As used
in this Agreement, the following terms have the meanings specified below: 
 “Additional Collateral
Agent” shall have the meaning assigned to such term in Section 3.01(b). 
 “Additional First Lien
Agreement” means the indentures or other agreements under which Additional First Lien Obligations of any Series are issued or incurred and all other instruments, agreements and other documents evidencing or governing Additional First
Lien Obligations of such Series or providing any guarantee, Lien or other right in respect thereof and shall include the Indenture. 

“Additional First Lien Obligations” shall means all obligations of the Company and the other Grantors that shall
have been designated as such pursuant to Article III and shall include any additional Notes Obligations and any additional Term Loan Credit Facility Obligations. 

“Additional First Lien Secured Party” means the holders of any Additional First Lien Obligations and the
corresponding Authorized Representative with respect thereto and shall include the Notes Secured Parties. 

“Additional Grantor” means any Grantor which becomes party to this Agreement pursuant to a Grantor Joinder
Agreement. 
 “Agreement” shall have the meaning assigned to such term in the introductory paragraph of
this Agreement. 
  

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 “Authorized Collateral Agent” means, with respect to any Common
Collateral, (i) until the earlier of (x) the Discharge of Term Loan Credit Facility Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Term Loan Collateral Agent and (ii) from and after the
earlier of (x) the Discharge of Term Loan Credit Facility Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Major Non-Controlling Authorized Representative. 

“Authorized Representative” means (i) in the case of any Term Loan Credit Facility Obligations or the Term
Loan Secured Parties, the Term Loan Collateral Agent, (ii) in the case of the Notes Obligations or the Notes Secured Parties, the Notes Collateral Agent and (iii) in the case of any Series of Additional First Lien Obligations or Additional
First Lien Secured Parties that become subject to this Agreement after the date hereof, the Additional Collateral Agent named for such Series in the applicable Joinder Agreement. 

“Bankruptcy Case” shall have the meaning assigned to such term in Section 2.05(b). 

“Bankruptcy Code” shall mean Title 11 of the United States Code, as amended. 

“Bankruptcy Law” shall mean the Bankruptcy Code and any similar Federal, state or foreign law for the relief of
debtors. 
 “Collateral” means all assets and properties subject to Liens created pursuant to any
Security Document to secure one or more Series of First Lien Obligations. 
 “Collateral Agents” means
either (a) the Term Loan Collateral Agent, (b) the Notes Collateral Agent, or (c) each Additional Collateral Agent. 

“Common Collateral” means, at any time, Collateral in which the holders of two or more Series of First Lien
Obligations (or their respective Authorized Representatives) hold a valid and perfected security interest at such time. If more than two Series of First Lien Obligations are outstanding at any time and the holders of less than all Series of First
Lien Obligations hold a valid and perfected security interest in any Collateral at such time then such Collateral shall constitute Common Collateral for those Series of First Lien Obligations that hold a valid security interest in such Collateral at
such time and shall not constitute Common Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time. 

“Company” means Toys “R” Us-Delaware, Inc., a Delaware corporation, and its successors and assigns.

 “Control Collateral” means any Common Collateral in the control of the Authorized Collateral Agent
(or its agents or bailees), to the extent that control thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction or otherwise. Control Collateral includes, without limitation, Deposit Accounts, Electronic Chattel Paper,
Investment Property or Letter-of-Credit Rights. All capitalized terms used in this definition and not defined elsewhere in this Agreement have the meanings assigned to them in the New York UCC. 

 

 -3- 

 “Controlling Secured Parties” means, with respect to any Common
Collateral, the Series of First Lien Secured Parties whose Authorized Representative is the Authorized Collateral Agent for such Common Collateral. 

“DIP Financing” shall have the meaning assigned to such term in Section 2.05(b). 

“DIP Financing Liens” shall have the meaning assigned to such term in Section 2.05(b). 

“DIP Lenders” shall have the meaning assigned to such term in Section 2.05(b). 

“Discharge” means, with respect to any Common Collateral and any Series of First Lien Obligations, the date on
which such Series of First Lien Obligations is no longer secured by such Common Collateral. The term “Discharged” shall have a corresponding meaning. 

“Discharge of Term Loan Credit Facility Obligations” means, with respect to any Common Collateral, the date on
which the Term Loan Credit Facility Obligations are no longer secured by such Common Collateral; provided that the Discharge of Term Loan Credit Facility Obligations shall not be deemed to have occurred in connection with a refinancing of
such Term Loan Credit Facility Obligations with additional First Lien Obligations secured by such Common Collateral under an agreement relating to Additional First Lien Obligations which has been designated in writing by the administrative agent
under the Term Loan Credit Facility so refinanced to the Term Loan Collateral Agent and each other Authorized Representative as the Term Loan Credit Facility for purposes of the First Lien Intercreditor Agreement. 

“Event of Default” means an “Event of Default” (or similarly defined term) as defined in any Secured
Credit Document. 
 “First Lien Obligations” means, collectively, (i) the Term Loan Credit Facility
Obligations, (ii) the Notes Obligations and (iii) each Series of Additional First Lien Obligations. 

“First Lien Secured Parties” means (a) the Term Loan Secured Parties, (b) the Notes Secured Parties and
(c) each Additional First Lien Secured Party with respect to each Series of Additional First Lien Obligations. 

“Grantor Joinder Agreement” means a supplement to this Agreement substantially in the form of
Exhibit B, appropriately completed. 
 “Grantors” means the Company and each Subsidiary
which has granted a security interest pursuant to any First Lien Security Document to secure any Series of First Lien Obligations. 

“Impairment” shall have the meaning assigned to such term in Section 1.01(b). 

“Indenture” means that certain Indenture dated as of August 24, 2010, among the Company, the Subsidiaries
identified therein, The Bank of New York Mellon, as trustee, and any 
  

 -4- 

 
amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or
other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases
the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under the Term Loan Credit Facility). 

“Insolvency or Liquidation Proceeding” means: 

(1) any case commenced by or against the Company or any Guarantor under any Bankruptcy Law for the relief of debtors, any
other proceeding for the reorganization, recapitalization or adjustment or marshalling of the assets or liabilities of the Company or any Guarantor, any receivership or assignment for the benefit of creditors relating to the Company or any Guarantor
or any similar case or proceeding relative to the Company or any Guarantor or its creditors, as such, in each case whether or not voluntary; 

(2) any liquidation, dissolution, marshalling of assets or liabilities or other winding up of or relating to the Company
or any Guarantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 

(3) any other proceeding of any type or nature in which substantially all claims of creditors of the Company or any
Guarantor are determined and any payment or distribution is or may be made on account of such claims. 
 “Intervening
Creditor” shall have the meaning assigned to such term in Section 2.01(a). 
 “Joinder
Agreement” means a supplement to this Agreement substantially in the form of Exhibit A, appropriately completed. 

“Lien” shall mean any mortgage, pledge, security interest, hypothecation, assignment, lien (statutory or other)
or similar encumbrance (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement or any lease in the nature thereof). 

“Major Non-Controlling Authorized Representative” means, with respect to any Common Collateral, the Authorized
Representative of the Series of Additional First Lien Obligations that constitutes the largest outstanding principal amount of any then outstanding Series of First Lien Obligations with respect to such Common Collateral. 

“New York UCC” shall mean the Uniform Commercial Code as from time to time in effect in the State of New York.

 “Non-Controlling Authorized Representative” means, at any time with respect to any Common Collateral,
any Authorized Representative that is not the Authorized Collateral Agent at such time with respect to such Common Collateral. 
  

 -5- 

 “Non-Controlling Authorized Representative Enforcement Date” means,
with respect to any Non-Controlling Authorized Representative, the date which is 150 days (throughout which 150 day period such Non-Controlling Authorized Representative was the Major Non-Controlling Authorized Representative) after the occurrence
of both (i) an Event of Default (under and as defined in the Additional First Lien Agreement under which such Non-Controlling Authorized Representative is the Authorized Collateral Agent) and (ii) the Collateral Agents’ and
each other Authorized Representative’s receipt of written notice from such Non-Controlling Authorized Representative certifying that (x) such Non-Controlling Authorized Representative is the Major Non-Controlling Authorized Representative
and that an Event of Default (under and as defined in the Additional First Lien Agreement under which such Non-Controlling Authorized Representative is the Authorized Collateral Agent) has occurred and is continuing and (y) the First Lien
Obligations of the Series with respect to which such Non-Controlling Authorized Representative is the Authorized Collateral Agent are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the
terms of the applicable Additional First Lien Agreement; provided that the Non-Controlling Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not to have occurred with respect to any Common
Collateral (1) at any time the Authorized Collateral Agent has commenced and is diligently pursuing any enforcement action with respect to such Common Collateral or (2) at any time the Grantor that has granted a security interest in such
Common Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. 

“Non-Controlling Secured Parties” means, with respect to any Common Collateral, the First Lien Secured Parties
which are not Controlling Secured Parties with respect to such Common Collateral. 

“Notes” shall mean the
7  3/8% Senior Secured Notes due 2016 issued
pursuant to the terms of the Indenture. 
 “Notes Collateral Agent” shall have the meaning
assigned to such term in the introductory paragraph to this Agreement. 
 “Notes Obligations” means the
“Secured Obligations” as defined in the Notes Security Agreement. 
 “Notes Secured Parties”
means the “Secured Parties” as defined in the Notes Security Agreement. 
 “Notes Security
Agreement” means the security agreement dated as of the date hereof, by and among the Grantors party thereto and the Notes Collateral Agent from time to time party thereto, as the same may be further amended, restated, supplemented or
modified from time to time. 
 “Other Agents” means the administrative agent under the Term Loan Credit
Facility, the trustee under the Indenture and any agent with respect to any Additional First Lien Agreement (other than the Authorized Representative for such Additional First Lien Agreement). 

 

 -6- 

 “Possessory Collateral” means any Common Collateral in the
possession of the Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction or otherwise. Possessory Collateral includes, without limitation,
Certificated Securities, Negotiable Documents, Goods, Money, Instruments, and Tangible Chattel Paper, in each case, delivered to or in the possession of the Authorized Collateral Agent under the terms of the First Lien Security Documents. All
capitalized terms used in this definition and not defined elsewhere in this Agreement have the meanings assigned to them in the New York UCC. 

“Proceeds” shall have the meaning assigned to such term in Section 2.01(a). 

“Refinance” means, in respect of any indebtedness, to refinance, extend, renew, defease, amend, increase, modify,
supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including by adding or replacing lenders,
creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through any credit agreement, indenture
or other agreement. “Refinanced” and “Refinancing” have correlative meanings. 

“Secured Credit Documents” means (i) the Term Loan Credit Facility and the Loan Documents (as defined in the
Term Loan Credit Facility), (ii) the Indenture and each Security Document (as defined in the Indenture) and (iii) each Additional First Lien Agreement. 

“Security Agreements” means (i) the Term Loan Security Agreement, (ii) the Notes Security Agreement and
(iii) any security agreement with respect to any Additional First Lien Agreement. 
 “Series” means
(a) with respect to the First Lien Secured Parties, each of (i) the Term Loan Secured Parties (in their capacities as such), (ii) the Notes Secured Parties (in their capacities as such) and (iii) the Additional First Lien Secured
Parties that become subject to this Agreement after the date hereof that are represented by a common Authorized Representative (in its capacity as such for such Additional First Lien Secured Parties) and (b) with respect to any First Lien
Obligations, each of (i) the Term Loan Credit Facility Obligations, (ii) the Notes Obligations and (iii) the Additional First Lien Obligations incurred pursuant to any Additional First Lien Agreement, which pursuant to any Joinder
Agreement are to be represented hereunder by a common Authorized Representative (in its capacity as such for such Additional First Lien Obligations). 

“Term Loan Collateral Agent” shall have the meaning assigned to such term in the introductory paragraph hereof.

 “Term Loan Credit Facility” means the amended and restated credit agreement entered into as of
August 24, 2010 by and among the Toys “R” US - Delaware, Inc. (the “Company”), the lenders party thereto in their capacities as lenders thereunder and Bank of America, N.A., as Administrative Agent, including
any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, 

 

 -7- 

 
extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or
investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable
thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under the Indenture). 

“Term Loan Credit Facility Obligations” means “Obligations” as defined in the Term Loan Credit
Facility. 
 “Term Loan Secured Parties” means the “Secured Parties” as defined in the Term
Loan Credit Facility. 
 “Term Loan Security Agreement” means the Security Agreement dated as of the
date hereof, by and among the Grantors party thereto and the Term Loan Collateral Agent, as the same may be further amended, restated, supplemented or modified from time to time. 

ARTICLE II 

Priorities and Agreements with Respect to Common Collateral 

SECTION 2.01 Priority of Claims. 

(a) Anything contained herein or in any of the Secured Credit Documents to the contrary notwithstanding (but subject to
Section 1.01(b) of this Agreement), if an Event of Default has occurred and is continuing, and the Authorized Collateral Agent is taking action to enforce rights in respect of any Common Collateral, or any distribution is made in respect of any
Common Collateral in any Bankruptcy Case of any Grantor or any First Lien Secured Party receives any payment pursuant to any intercreditor agreement (other than this Agreement) with respect to any Common Collateral, the proceeds of any sale,
collection or other liquidation of any such Collateral by any First Lien Secured Party or received by the Term Loan Collateral Agent, the Notes Collateral Agent or any First Lien Secured Party pursuant to any such intercreditor agreement with
respect to such Common Collateral and proceeds of any such distribution (subject, in the case of any such distribution, to the sentence immediately following) to which the First Lien Obligations are entitled under any intercreditor agreement (other
than this Agreement) (all proceeds of any sale, collection or other liquidation of any Collateral and all proceeds of any such distribution being collectively referred to as “Proceeds”), shall be applied as follows:

 FIRST, to the payment of all reasonable costs and expenses incurred by the Collateral Agents, any Authorized
Representative or Other Agents in connection with such collection or sale or otherwise in connection with this Agreement, or any other First Lien Security Document or any of the First Lien Obligations, including all court costs and the reasonable
fees and expenses of their agents and legal counsel, the repayment of all advances made by the Collateral Agents, any Authorized Representative or Other Agents, as applicable, hereunder or under any other First Lien Security Document on behalf of
Grantors and any other reasonable costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other First Lien Security Document; 

 

 -8- 

 SECOND, subject to Section 1.01(b), to the payment of all other First
Lien Obligations (the amounts so applied to be distributed pro rata among the First Lien Secured Parties in accordance with the amounts of the First Lien Obligations owed to them on the date of any such distribution); and 

THIRD, after payment in full of all First Lien Obligations, to the Grantors or their successors or assigns, or as a court
of competent jurisdiction may otherwise direct. 
 Notwithstanding the foregoing, with respect to any Common Collateral for
which a third party (other than a First Lien Secured Party) has a lien or security interest that is junior in priority to the security interest of any Series of First Lien Obligations but senior (as determined by appropriate legal proceedings in the
case of any dispute) to the security interest of any other Series of First Lien Obligations (such third party an “Intervening Creditor”), the value of any Common Collateral or Proceeds which are allocated to such Intervening
Creditor shall be deducted on a ratable basis solely from the Common Collateral or Proceeds to be distributed in respect of the Series of First Lien Obligations with respect to which such Impairment exists. 

(b) The First Lien Secured Parties hereby acknowledge that the First Lien Obligations of any Series may, subject to the limitations set
forth in the then extant Secured Credit Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended or modified from time to time, all without affecting the priorities
set forth in Section 2.01(a) or the provisions of this Agreement defining the relative rights of the First Lien Secured Parties of any Series. 

(c) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of First
Lien Obligations granted on the Common Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law or the Secured Credit Documents or any defect or deficiencies in the Liens securing
the First Lien Obligations of any Series or any other circumstance whatsoever (but, in each case, subject to Section 1.01(b)), each First Lien Secured Party hereby agrees that the Liens securing each Series of First Lien Obligations on any
Common Collateral shall be of equal priority. 
 SECTION 2.02 Actions with Respect to Common Collateral; Prohibition on
Contesting Liens. 
 (a) With respect to any Common Collateral, (i) notwithstanding Section 2.01, only the
Authorized Collateral Agent shall act or refrain from acting with respect to the Common Collateral (including with respect to any intercreditor agreement with respect to any Common Collateral) and (ii) no other Collateral Agent with respect to
First Lien Obligations or Non-Controlling Authorized Representative or other First Lien Secured Party (other than the Authorized Collateral Agent) shall or shall instruct the Authorized Collateral Agent to, commence any judicial or nonjudicial
foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise 

 

 -9- 

 
any right, remedy or power with respect to, or otherwise take any action to enforce its security interest in or realize upon, or take any other action available to it in respect of, any Common
Collateral (including with respect to any intercreditor agreement with respect to any Common Collateral), whether under any First Lien Security Document, applicable law or otherwise, it being agreed that only the Authorized Collateral Agent shall be
entitled to take any such actions or exercise any such remedies with respect to Common Collateral (subject to the right of any such Authorized Representative or other First Lien Secured Party to take limited protective measures with respect to the
Liens securing First Lien Obligations and to take certain actions that would be permitted to be taken by unsecured creditors). Notwithstanding the equal priority of the Liens securing each Series of First Lien Obligations, the Authorized Collateral
Agent may deal with the Common Collateral as if such Authorized Collateral Agent had a senior Lien on such Common Collateral. No Non-Controlling Authorized Representative or Non-Controlling Secured Party will contest, protest or object to any
foreclosure proceeding or action brought by the Authorized Collateral Agent or the Controlling Secured Party or any other exercise by the Authorized Collateral Agent or the Controlling Secured Party of any rights and remedies relating to the Common
Collateral, or to cause the Collateral Agent to do so. The foregoing shall not be construed to limit the rights and priorities of any First Lien Secured Party, the Term Loan Collateral Agent, the Notes Collateral Agent or any Authorized
Representative with respect to any Collateral not constituting Common Collateral. 
 (b) Each of the First Lien Secured Parties
and each of the Collateral Agents agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity
or enforceability of a Lien held by or on behalf of any of the First Lien Secured Parties in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or
impair (i) the rights of any of the Collateral Agents or any Authorized Representative to enforce this Agreement or (ii) the rights of any First Lien Secured Party from contesting or supporting any other Person in contesting the
enforceability of any Lien purporting to secure First Lien Obligations constituting unmatured interest pursuant to Section 502(b)(2) of the Bankruptcy Code. 

SECTION 2.03 No Interference; Payment Over. 

(a) Each First Lien Secured Party agrees that (i) it will not challenge or question in any proceeding the validity or enforceability
of any First Lien Obligations of any Series or any First Lien Security Document or the validity, attachment, perfection or priority of any Lien under any First Lien Security Document or the validity or enforceability of the priorities, rights or
duties established by or other provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any First Lien Secured Party from challenging or questioning the validity or
enforceability of any First Lien Obligations constituting unmatured interest or the validity of any Lien relating thereto pursuant to Section 502(b)(2) of the Bankruptcy Code, (ii) it will not take or cause to be taken any action the
purpose or intent of which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other disposition of the Common Collateral by the Authorized Collateral Agent,
(iii) except as provided in Section 2.02, it shall have no right to (A) direct the Authorized Collateral Agent or any other First Lien Secured Party to exercise any 

 

 -10- 

 
right, remedy or power with respect to any Common Collateral (including pursuant to any intercreditor agreement) or (B) consent to the exercise by the Authorized Collateral Agent or any
other First Lien Secured Party of any right, remedy or power with respect to any Common Collateral, (iv) it will not institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against the Authorized
Collateral Agent or any other First Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to any Common Collateral, and none of the Collateral Agents, any Authorized Collateral
Agent or any other First Lien Secured Party shall be liable for any action taken or omitted to be taken by the Authorized Collateral Agent or other First Lien Secured Party with respect to any Common Collateral in accordance with the provisions of
this Agreement, (v) it will not seek, and hereby waives any right, to have any Common Collateral or any part thereof marshaled upon any foreclosure or other disposition of such Collateral and (vi) it will not attempt, directly or
indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any provision of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any of the Collateral
Agents or any other First Lien Secured Party to enforce this Agreement. 
 (b) Each First Lien Secured Party hereby agrees that
if it shall obtain possession of any Common Collateral or shall realize any proceeds or payment in respect of any such Common Collateral, pursuant to any First Lien Security Document or by the exercise of any rights available to it under applicable
law or in any Insolvency or Liquidation Proceeding or through any other exercise of remedies (including pursuant to any intercreditor agreement), at any time prior to the Discharge of each of the First Lien Obligations, then it shall hold such
Common Collateral, proceeds or payment in trust for the other First Lien Secured Parties and promptly transfer such Common Collateral, proceeds or payment, as the case may be, to the Authorized Collateral Agent, to be distributed by the Authorized
Collateral Agent in accordance with the provisions of Section 2.01(a) hereof. 
 (c) In furtherance of the foregoing, no
Grantor shall, nor shall any Grantor permit any Subsidiary to, grant or permit or suffer to exist any Lien on any asset or property to secure any Series of First Lien Obligations unless it has granted a Lien on such asset or property to secure each
other Series of First Lien Obligations; provided that, in the event that the Company becomes subject to Rule 3-16 of Regulation S-X under the Securities Act of 1933, as amended, to the extent necessary and for so long as required for a
Subsidiary of the Company not to be subject to the requirement to file separate financial statements with the Securities and Exchange Commission (or any other governmental agency), the Capital Stock of any Subsidiary of the Company shall not be
included in the Common Collateral with respect to the Notes or any Additional First Lien Obligations constituting debt securities; provided further that, if the foregoing proviso results in the release of any Lien securing the Notes
Obligations, the Company shall notify the Notes Collateral Agent of such release in writing. 
 SECTION 2.04 Automatic
Release of Liens; Amendments to First Lien Security Documents. 
 (a) If, at any time the Authorized Collateral Agent
forecloses upon or otherwise exercises remedies against any Common Collateral, then (whether or not any Insolvency or 

 

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Liquidation Proceeding is pending at the time) the Liens in favor of the Collateral Agents for the benefit of each Series of First Lien Secured Parties upon such Common Collateral will
automatically be released and discharged; provided that any proceeds of any Common Collateral realized therefrom shall be applied pursuant to Section 2.01 hereof. 

(b) Each First Lien Secured Party agrees that the Term Loan Collateral Agent, the Notes Collateral Agent and each Additional Collateral
Agent may enter into any amendment (and, upon request by the Authorized Collateral Agent, each Authorized Representative shall sign a consent to such amendment) to any First Lien Security Document (including, without limitation, to release Liens
securing any Series of First Lien Obligations) so long as such amendment, subject to clause (d) below, is permitted by the terms of each then extant Secured Credit Document. Additionally, each First Lien Secured Party agrees that the Term Loan
Collateral Agent, the Notes Collateral Agent and each Additional Collateral Agent may enter into any amendment (and, upon request by the Authorized Collateral Agent, each Authorized Representative shall sign a consent to such amendment) to any First
Lien Security Document solely as such First Lien Security Document relates to a particular Series of First Lien Obligations (including, without limitation, to release Liens securing such Series of First Lien Obligations) so long as (x) such
amendment is in accordance with the Secured Credit Document pursuant to which such Series of First Lien Obligations was incurred and (y) such amendment does not adversely affect the First Lien Secured Parties of any other Series. 

(c) Each Authorized Representative agrees to execute and deliver (at the sole cost and expense of the Grantors) all such authorizations
and other instruments as shall reasonably be requested by the Authorized Collateral Agent to evidence and confirm any release of Common Collateral or amendment to any First Lien Security Document provided for in this Section. 

(d) In determining whether an amendment to any First Lien Security Document is permitted by this Section 2.04, a Collateral Agent
may conclusively rely on a certificate of an officer of the Company stating that such amendment is permitted by Section 2.04(b) above. 

SECTION 2.05 Certain Agreements with Respect to Bankruptcy or Insolvency Proceedings. 

(a) This Agreement shall continue in full force and effect notwithstanding the commencement of any proceeding under the Bankruptcy Code
or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law by or against the Company or any of its subsidiaries. 

(b) If any Grantor shall become subject to a case (a “Bankruptcy Case”) under the Bankruptcy Code and shall, as
debtor(s)-in-possession, move for approval of financing (“DIP Financing”) to be provided by one or more lenders (the “DIP Lenders”) under Section 364 of the Bankruptcy Code or the use of cash
collateral under Section 363 of the Bankruptcy Code, each First Lien Secured Party (other than any Controlling Secured Party or any Authorized Collateral Agent of any Controlling Secured Party) agrees that it will raise no objection to any such
financing or to the Liens on the Common Collateral securing the same (“DIP Financing Liens”) or to any use of cash collateral that constitutes Common Collateral, unless the Authorized

  

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Collateral Agent shall then oppose or object to such DIP Financing or such DIP Financing Liens or use of cash collateral (and (i) to the extent that such DIP Financing Liens are senior to
the Liens on any such Common Collateral for the benefit of the Controlling Secured Parties, each Non-Controlling Secured Party will subordinate its Liens with respect to such Common Collateral on the same terms as the Liens of the Controlling
Secured Parties (other than any Liens of any First Lien Secured Parties constituting DIP Financing Liens) are subordinated thereto, and (ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Common
Collateral granted to secure the First Lien Obligations of the Controlling Secured Parties, each Non-Controlling Secured Party will confirm the priorities with respect to such Common Collateral as set forth herein), in each case so long as
(A) the First Lien Secured Parties of each Series retain the benefit of their Liens on all such Common Collateral pledged to the DIP Lenders, including proceeds thereof arising after the commencement of such proceeding, with the same priority
vis-a-vis all the other First Lien Secured Parties (other than any Liens of the First Lien Secured Parties constituting DIP Financing Liens) as existed prior to the commencement of the Bankruptcy Case, (B) the First Lien Secured Parties of each
Series are granted Liens on any additional collateral pledged to any First Lien Secured Parties as adequate protection or otherwise in connection with such DIP Financing or use of cash collateral, with the same priority vis-a-vis the First Lien
Secured Parties as set forth in this Agreement, (C) if any amount of such DIP Financing or cash collateral is applied to repay any of the First Lien Obligations, such amount is applied pursuant to Section 2.01(a) of this Agreement, and
(D) if any First Lien Secured Party is granted adequate protection, including in the form of periodic payments, in connection with such DIP Financing or use of cash collateral, the proceeds of such adequate protection is applied pursuant to
Section 2.01(a) of this Agreement; provided that the First Lien Secured Parties of each Series shall have a right to object to the grant of a Lien to secure the DIP Financing over any Collateral subject to Liens in favor of the First
Lien Secured Parties of such Series or its Authorized Representative that shall not constitute Common Collateral; and provided, further, that the First Lien Secured Parties receiving adequate protection shall not object to any other
First Lien Secured Party receiving adequate protection comparable to any adequate protection granted to such First Lien Secured Parties in connection with a DIP Financing or use of cash collateral. 

SECTION 2.06 Reinstatement. In the event that any of the First Lien Obligations shall be paid in full and such payment or
any part thereof shall subsequently, for whatever reason (including an order or judgment for disgorgement of a preference under Title 11 of the United Stated Code, or any similar law, or the settlement of any claim in respect thereof), be required
to be returned or repaid, the terms and conditions of this Article II shall be fully applicable thereto until all such First Lien Obligations shall again have been paid in full in cash. 

SECTION 2.07 Insurance. As between the First Lien Secured Parties, the Authorized Collateral Agent shall have the right to
adjust or settle any insurance policy or claim covering or constituting Common Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Common Collateral. 

SECTION 2.08 Refinancings. The First Lien Obligations of any Series may be Refinanced, in whole or in part, in each case,
without notice to, or the consent (except to the extent a consent is otherwise required to permit the refinancing transaction under any Secured 

 

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Credit Document) of any First Lien Secured Party of any other Series, all without affecting the priorities provided for herein or the other provisions hereof; provided that the Authorized
Representative of the holders of any such Refinancing indebtedness shall have executed a Joinder Agreement on behalf of the holders of such Refinancing indebtedness. 

SECTION 2.09 Possessory or Control Collateral Agent. 

(a) The Authorized Collateral Agent agrees to hold any Common Collateral constituting Possessory Collateral or Control Collateral that is
part of the Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee or sub-agent, as applicable, for the benefit of each other First Lien Secured Party and any assignee solely for the
purpose of perfecting the security interest granted in such Possessory Collateral or Control Collateral, if any, pursuant to the applicable First Lien Security Documents, in each case, subject to the terms and conditions of this Section 2.09.
Pending delivery to the Authorized Collateral Agent, each other Authorized Representative agrees to hold any Common Collateral constituting Possessory Collateral or Control Collateral, from time to time in its possession, as gratuitous bailee or
sub-agent for the benefit of each other First Lien Secured Party and any assignee, solely for the purpose of perfecting the security interest granted in such Possessory Collateral, if any, pursuant to the applicable First Lien Security Documents, in
each case, subject to the terms and conditions of this Section 2.09. 
 (b) The duties or responsibilities of the
Authorized Collateral Agent and each other Authorized Representative under this Section 2.09 shall be limited solely to holding any Common Collateral constituting Possessory Collateral and Control Collateral as gratuitous bailee or sub-agent,
as applicable, for the benefit of each other First Lien Secured Party for purposes of perfecting the Lien held by such First Lien Secured Parties therein. 

(c) In furtherance of the foregoing, each Grantor hereby grants a security interest to the Authorized Collateral Agent in the Common
Collateral constituting Possessory Collateral and Control Collateral to the extent such Authorized Collateral Agent possesses or controls such Common Collateral as permitted in Section 2.09(a) for the benefit of the First Lien Secured Parties
under any Series of First Lien Obligations (other than the Series of First Lien Obligations for which the Authorized Collateral Agent is the collateral agent) which have been granted a Lien on such Common Collateral possessed or controlled by the
Authorized Collateral Agent. 
 ARTICLE III 

Additional First Lien Obligations 

SECTION 3.01 Additional First Lien Obligations. The Company may from time to time, subject to any limitations contained in
any Secured Credit Documents in effect at such time, designate additional indebtedness and related obligations that are, or are to be, secured by Liens on any assets of the Company or any of the Subsidiaries that would, if such Liens were granted,
constitute Common Collateral as Additional First Lien Obligations by delivering to each Collateral Agent party hereto at such time a certificate of an authorized officer of the Company: 

(a) describing the indebtedness and other obligations being designated as Additional First Lien Obligations, and including
a statement of the maximum aggregate outstanding principal amount of such indebtedness as of the date of such certificate; 
  

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 (b) setting forth the Additional First Lien Agreements under which such
Additional First Lien Obligations are issued or incurred or the Guarantees of or Liens securing such Additional First Lien Obligations are, or are to be, granted or created, and attaching copies of such Additional First Lien Agreements as each
Grantor has executed and delivered to the Person that serves as the collateral agent, collateral trustee or a similar representative for the holders of such Additional First Lien Obligations (such Person being referred to as the
“Additional Collateral Agent”) with respect to such Additional First Lien Obligations on the closing date of such Additional First Lien Obligations, certified as being true and complete by an authorized officer of the
Company; 
 (c) identifying the Person that serves as the Additional Collateral Agent; 

(d) certifying that the incurrence of such Additional First Lien Obligations, the creation of the Liens securing such
Additional First Lien Obligations and the designation of such Additional First Lien Obligations as “Additional First Lien Obligations” hereunder do not violate or result in a default under any provision of any Secured Credit
Document in effect at such time; and 
 (e) attaching a fully completed Joinder Agreement executed and delivered
by the Additional Collateral Agent. 
 Upon the delivery of such certificate and the related attachments as provided above, the obligations
designated in such notice shall become Additional First Lien Obligations for all purposes of this Agreement. 
 ARTICLE IV

 Existence and Amounts of Liens and Obligations 

Whenever the Authorized Collateral Agent or any Authorized Representative shall be required, in connection with the exercise of its
rights or the performance of its obligations hereunder, to determine the existence or amount of any First Lien Obligations of any Series, or the Common Collateral subject to any Lien securing the First Lien Obligations of any Series, it may request
that such information be furnished to it in writing by each other Authorized Representative and shall be entitled to make such determination on the basis of the information so furnished; provided, however, that if an Authorized
Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting Authorized Collateral Agent or Authorized Representative shall be entitled to make any such determination or not make any determination by
such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of the Company. The Authorized Collateral Agent and each Authorized Representative may rely conclusively, and shall be fully
protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to any Grantor, any First Lien Secured
Party or any other person as a result of such determination. 
  

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 ARTICLE V 

The Authorized Collateral Agent 

SECTION 5.01 Authority. 

(a) Notwithstanding any other provision of this Agreement, nothing herein shall be construed to impose any fiduciary or other duty on the
Authorized Collateral Agent to any Non-Controlling Secured Party or give any Non-Controlling Secured Party the right to direct the Authorized Collateral Agent, except that the Authorized Collateral Agent shall be obligated to distribute proceeds of
any Common Collateral in accordance with Section 2.01 hereof. 
 (b) In furtherance of the foregoing, each Non-Controlling
Authorized Representative acknowledges and agrees that the Authorized Collateral Agent shall be entitled, for the benefit of the First Lien Secured Parties, to sell, transfer or otherwise dispose of or deal with any Common Collateral as provided
herein and in the First Lien Security Documents, as applicable, for which the Authorized Collateral Agent is the collateral agent of such Common Collateral, without regard to any rights to which the Non-Controlling Secured Parties would otherwise be
entitled. Without limiting the foregoing, each Non-Controlling Secured Party agrees that the Authorized Collateral Agent and any other First Lien Secured Party shall not have any duty or obligation first to marshal or realize upon any type of Common
Collateral (or any other Collateral securing any of the First Lien Obligations), or to sell, dispose of or otherwise liquidate all or any portion of such Common Collateral (or any other Collateral securing any First Lien Obligations), in any manner
that would maximize the return to the Non-Controlling Secured Parties, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the Non-Controlling
Secured Parties from such realization, sale, disposition or liquidation. In addition, whether or not it is the Authorized Collateral Agent, no Collateral Agent or First Lien Secured Party shall have any duty or obligation first to marshal or realize
upon any type of Collateral not constituting Common Collateral, or to sell, dispose of or otherwise liquidate all or any portion of such Collateral not constituting Common Collateral, in any manner that would maximize the return to the holders of
any other Series of First Lien Obligations, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the holders of any other Series of First Lien
Obligations from such realization, sale, disposition or liquidation. Each of the First Lien Secured Parties waives any claim it may now or hereafter have against any Collateral Agent or the Authorized Collateral Agent of any other Series of First
Lien Obligations or any other First Lien Secured Party of any other Series arising out of (i) any actions which any Collateral Agent, the Authorized Collateral Agent or the First Lien Secured Parties may take or omit to take (including, actions
with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the
collection of any claim for all or any part of the First Lien Obligations from any account debtor, guarantor or any other party) in accordance with the First Lien Security Documents or any other

  

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agreement related thereto or to the collection of the First Lien Obligations or the valuation, use, protection or release of any security for the First Lien Obligations, (ii) any election by
the Authorized Collateral Agent or any holders of First Lien Obligations, in any proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b) of the Bankruptcy Code or (iii) subject to Section 2.05, any
borrowing by, or grant of a security interest or administrative expense priority under Section 364 of the Bankruptcy Code by, Holdings or any of its subsidiaries, as debtor-in-possession. Notwithstanding any other provision of this Agreement,
no Collateral Agent (including the Authorized Collateral Agent) shall accept any Common Collateral in full or partial satisfaction of any First Lien Obligations pursuant to Section 9-620 of the Uniform Commercial Code of any jurisdiction,
without the consent of each of the Collateral Agents representing holders of First Lien Obligations for whom such Collateral constitutes Common Collateral. 

SECTION 5.02 Rights as a First Lien Secured Party. The Person serving as the Authorized Collateral Agent hereunder shall
have the same rights and powers in its capacity as a First Lien Secured Party under any Series of First Lien Obligations that it holds as any other First Lien Secured Party of such Series and may exercise the same as though it were not the
Collateral Agent and the term “First Lien Secured Party” or “First Lien Secured Parties” or (as applicable) “Term Loan Secured Party”, “Term Loan Secured Parties”, “Additional First Lien Secured
Party” or “Additional First Lien Secured Parties” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Authorized Collateral Agent hereunder in its individual
capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Company or any Subsidiary or other Affiliate
thereof as if such Person were not the Authorized Collateral Agent hereunder and without any duty to account therefor to any other First Lien Secured Party. 

SECTION 5.03 Exculpatory Provisions. 

(a) The Authorized Collateral Agent shall not have any duties or obligations except those expressly set forth herein and in the other
First Lien Security Documents. Without limiting the generality of the foregoing, the Authorized Collateral Agent: 

(i) shall not be subject to any fiduciary or other implied duties of any kind or nature to any Person, regardless of
whether an Event of Default has occurred and is continuing; 
 (ii) shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other First Lien Security Documents; provided that the Authorized Collateral Agent shall not be required
to take any action that, in its opinion or the opinion of its counsel, may expose the Authorized Collateral Agent to liability or expense or that is contrary to any First Lien Security Document or applicable law; 

(iii) shall not, except as expressly set forth herein and in the other First Lien Security Documents, have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to the Company or any of its Affiliates that is communicated to or obtained by the Person serving as the Authorized Collateral Agent or any of its Affiliates in
any capacity; 
  

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 (iv) shall not be liable for any action taken or not taken by it
(A) with the consent or at the request of the Administrative Agent under the Term Loan Credit Facility or the Major Non-Controlling Authorized Representative or (B) in the absence of its own gross negligence or willful misconduct or
(C) in reliance on a certificate of an authorized officer of the Company stating that such action is permitted by the terms of this Agreement. The Authorized Collateral Agent shall be deemed not to have knowledge of any Event of Default under
any Series of First Lien Obligations unless and until notice describing such Event Default is given to the Authorized Collateral Agent by the Authorized Representative of such First Lien Obligations or the Company; 

(v) shall not be responsible for or have any duty to ascertain or inquire into (A) any statement, warranty or
representation made in or in connection with this Agreement or any other First Lien Security Document, (B) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith,
(C) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (D) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other First Lien Security Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the First Lien Security Documents, (E) the value or the sufficiency
of any Collateral for any Series of First Lien Obligations, or (F) the satisfaction of any condition set forth in any Secured Credit Document, other than to confirm receipt of items expressly required to be delivered to the Authorized
Collateral Agent; 
 (vi) shall not have any fiduciary duties or contractual obligations of any kind or nature
under any Additional First Lien Agreement (but shall be entitled to all protections provided to the Additional Collateral Agent therein); 

(vii) with respect to the Term Loan Credit Facility, any Additional First Lien Agreement or any First Lien Security
Document, may conclusively assume that the Grantors have complied with all of their obligations thereunder unless advised in writing by the Authorized Representative thereunder to the contrary specifically setting forth the alleged violation; and

 (viii) subject to Section 5.04, may conclusively rely on any certificate of an officer of the Company.

 (b) Each Secured Party acknowledges that, in addition to acting as the initial Authorized Collateral Agent, Bank of America,
N.A. also serves as Administrative Agent under the Term Loan Credit Facility, and each First Lien Secured Party hereby waives any right to make any objection or claim against Bank of America, N.A. (or any successor Authorized Collateral Agent or any
of their respective counsel) based on any alleged conflict of interest or breach of duties arising from the Authorized Collateral Agent also serving as the Administrative Agent. Each Secured Party acknowledges that each other Authorized
Representative, in addition 
  

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to acting as the Authorized Collateral Agent in certain circumstances, may also serve as an agent under a Secured Credit Document. and each First Lien Secured Party hereby waives any right to
make any objection or claim against such Authorized Representatives (or any successor Authorized Representative or any of their respective counsel) based on any alleged conflict of interest or breach of duties arising from the Authorized Collateral
Agent also serving as an agent under a Secured Credit Document. 
 SECTION 5.04 Reliance by Authorized Collateral
Agent. The Authorized Collateral Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic
message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Authorized Collateral Agent also may rely upon any statement made to
it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. The Authorized Collateral Agent may consult with legal counsel (who may include, but shall not be limited to
counsel for the Company or counsel for the Administrative Agent), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel,
accountants or experts. 
 SECTION 5.05 Delegation of Duties. The Authorized Collateral Agent may perform any and
all of its duties and exercise its rights and powers hereunder or under any other First Lien Security Document by or through any one or more sub-agents appointed by the Authorized Collateral Agent. The Authorized Collateral Agent and any such
sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Affiliates. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Affiliates of the Authorized
Collateral Agent and any such sub-agent. 
 SECTION 5.06 Non-Reliance on Authorized Collateral Agent and Other First Lien
Secured Parties. Each First Lien Secured Party acknowledges that it has, independently and without reliance upon the Authorized Collateral Agent, any Authorized Representative or any other First Lien Secured Party or any of their Affiliates
and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Secured Credit Documents. Each First Lien Secured Party also acknowledges that it will,
independently and without reliance upon the Authorized Collateral Agent, any Authorized Representative or any other First Lien Secured Party or any of their Affiliates and based on such documents and information as it shall from time to time deem
appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Secured Credit Document or any related agreement or any document furnished hereunder or thereunder. 

 

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 ARTICLE VI 

Miscellaneous 

SECTION 6.01 Notices. All notices and other communications provided for herein shall be in writing and shall be delivered
by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

(a) if to the Term Loan Collateral Agent, to it at: 

Bank of America, N.A. 

101 South Tryon Street 

Charlotte, North Carolina 28255 

Tel: (980) 387-5452 

Fax: (704) 208-2871 

Attn: Kelly T. Weaver 

(b) if to the Notes Collateral Agent, to it at: 

The Bank of New York Mellon 

c/o The Bank of New York Mellon Trust Company, N.A. 

525 William Penn Place 

38th Floor 

Pittsburgh, PA 15259 

Tel: (412) 236-1196 

Fax: (412) 234-7571 

Attn: Global Corporate Trust - Toys “R” US - Delaware 

(c) if to any Additional Collateral Agent, to it at the address set forth in the applicable Joinder Agreement. 

Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other parties hereto. All
notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a Business Day) and on the next Business Day thereafter (in all other cases)
if delivered by hand or overnight courier service or sent by telecopy or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided
in this Section 6.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 6.01. As agreed to in writing among the Authorized Collateral Agent and each Authorized Representative from
time to time, notices and other communications may also be delivered by e-mail to the e-mail address of a representative of the applicable person provided from time to time by such person. 

 

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 SECTION 6.02 Waivers; Amendment; Joinder Agreements. 

(a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor
shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights
and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any
case shall entitle such party to any other or further notice or demand in similar or other circumstances. 
 (b) Neither this
Agreement nor any provision hereof may be terminated, waived, amended or modified (other than pursuant to any Joinder Agreement) except pursuant to an agreement or agreements in writing entered into by each Authorized Representative (and with
respect to any such termination, waiver, amendment or modification which by the terms of this Agreement requires the Company’s consent or which increases the obligations or reduces the rights of the Company or any other Grantor, with the
consent of the Company). 
 (c) Notwithstanding the foregoing, without the consent of any First Lien Secured Party, any
Authorized Representative may become a party hereto by execution and delivery of a Joinder Agreement in the form of Exhibit A hereto, and upon such execution and delivery, such Authorized Representative and the Additional First Lien Secured
Parties and Additional First Lien Obligations of the Series for which such Authorized Representative is acting shall be subject to the terms hereof and the terms of the other First Lien Security Documents applicable thereto. 

(d) Notwithstanding the foregoing, without the consent of any other Authorized Representative or First Lien Secured Party, the Collateral
Agents may effect amendments and modifications to this Agreement to the extent necessary to reflect any incurrence of any Additional First Lien Obligations in compliance with the Secured Credit Documents. 

SECTION 6.03 Parties in Interest. This Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns, as well as the other First Lien Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement. 

SECTION 6.04 Survival of Agreement. All covenants, agreements, representations and warranties made by any party in this
Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the removal or resignation of a Collateral Agent. 

SECTION 6.05 Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but
all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

 

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 SECTION 6.06 Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions
hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 6.07 Governing Law. This Agreement shall be construed in accordance with and governed by the laws of the State of
New York. 
 SECTION 6.08 Submission to Jurisdiction; Waivers. The Term Loan Collateral Agent, the Notes
Collateral Agent, each Additional Collateral Agent and each Authorized Representative, on behalf of itself and the First Lien Secured Parties of the Series for whom it is acting, irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the First Lien
Security Documents, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the state and federal courts located in New York County and appellate courts from any thereof; 

(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or
hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by
registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Authorized Representative) at the address referred to in Section 6.01; 

(d) agrees that nothing herein shall affect the right of any other party hereto (or any First Lien Secured Party) to
effect service of process in any other manner permitted by law; and 
 (e) waives, to the maximum extent not
prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 6.08 any special, exemplary, punitive or consequential damages. 

SECTION 6.09 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION 
  

 -22- 

 
DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY,
AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.09. 
 SECTION 6.10 Headings. Article,
Section and Annex headings used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 6.11 Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the
provisions of any of the other Secured Credit Documents or First Lien Security Documents, the provisions of this Agreement shall control. 

SECTION 6.12 Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for
the purpose of defining the relative rights of the First Lien Secured Parties in relation to one another. None of the Company, any other Grantor or any other creditor thereof shall have any rights or obligations hereunder, except as expressly
provided in this Agreement (provided that nothing in this Agreement (other than Section 2.04, 2.05, 2.06, 2.08 or 2.09 or this Article VI) is intended to or will amend, waive or otherwise modify the provisions of the Term Loan Credit
Facility or any Additional First Lien Agreements), and none of the Company or any other Grantor may rely on the terms hereof (other than Sections 2.04, 2.05, 2.08 and 2.09 and Article V). Nothing in this Agreement is intended to or shall impair
the obligations of any Grantor, which are absolute and unconditional, to pay the First Lien Obligations as and when the same shall become due and payable in accordance with their terms. 

SECTION 6.13 Integration. This Agreement together with the other Secured Credit Documents and the First Lien Security
Documents represents the agreement of each of the Grantors and the First Lien Secured Parties with respect to the subject matter hereof and there are no promises, undertakings, representations or warranties by any Grantor, the Authorized Collateral
Agent, any Authorized Representative or any other First Lien Secured Party relative to the subject matter hereof not expressly set forth or referred to herein or in the other Secured Credit Documents or the First Lien Security Documents. 

SECTION 6.14 Force Majeure. In no event shall the Collateral Agents be responsible or liable for any failure or delay in
the performance of their obligations hereunder arising out of or caused by, directly or indirectly, forces beyond their control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military
disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Collateral Agents shall use reasonable
efforts that are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
  

 -23- 

 SECTION 6.15 Authority of Notes Collateral Agent. The Bank of New York Mellon
has been appointed by the Notes Collateral Agent for the Notes Secured Parties pursuant to Article 11 of the Indenture. It is expressly understood and agreed by the parties to this Agreement that any authority conferred upon the Notes Collateral
Agent hereunder is subject to the terms of the delegation of authority made by the Notes Secured Party to the Notes Collateral Agent pursuant to the Indenture, and that the Notes Collateral Agent has agreed to act (and any successor Notes Collateral
Agents shall act) as such hereunder only on the express conditions contained in such Article 11. Any successor Notes Collateral Agent appointed pursuant to Article 11 of the Indenture shall be entitled to all rights, interests and benefits of the
Notes Collateral Agent hereunder. 
 [Remainder of this page intentionally left blank] 

 

 -24- 

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

					
	BANK OF AMERICA, N.A.,
	as Term Loan Collateral Agent
		
	By:	 	 /s/ Mollie S. Canup

		 	Name:	 	Mollie S. Canup
		 	Title:	 	Vice President
	
	 THE BANK OF NEW YORK MELLON,

as Notes Collateral Agent

		
	By:	 	 /s/ Raymond K. O’Neil

		 	Name:	 	Raymond K. O’Neil
		 	Title:	 	Senior Associate

 [First Lien
Intercreditor Agreement] 

 Acknowledged and Agreed: 

 

					
	TOYS “R” US - DELAWARE, INC.
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	TOYS ACQUISITION, LLC, as a Guarantor
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	TRU OF PUERTO RICO, INC., as a Guarantor
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	GEOFFREY HOLDINGS, LLC, as a Guarantor
		
	By:	 	TOYS “R” US - DELAWARE, INC., its sole member
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	GEOFFREY, LLC, as a Guarantor
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer

  

 -2- 

					
	GEOFFREY INTERNATIONAL, LLC, as a Guarantor
		
	By:	 	GEOFFREY, LLC., its sole member
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	TRU-SVC, LLC, as a Guarantor
		
	By:	 	 /s/ Joel Wiest

		 	Name:	 	Joel Wiest
		 	Title:	 	Manager

  

 -3- 

 EXHIBIT A 

[FORM OF] JOINDER AGREEMENT NO. [    ] dated as of
[            ], 20[    ] (the “Joinder Agreement”) to the FIRST LIEN INTERCREDITOR AGREEMENT dated as of August 24, 2010 (the
“Intercreditor Agreement”), among BANK OF AMERICA, N.A., as the Term Loan Collateral Agent, THE BANK OF NEW YORK MELLON, as the Notes Collateral Agent, and each ADDITIONAL COLLATERAL AGENT from time to time party thereto.

 A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the
Intercreditor Agreement. 
 B. The Company proposes to issue or incur Additional First Lien Obligations and the Person
identified in the signature pages hereto as the “Additional Collateral Agent” (the “Additional Collateral Agent”) will serve as the collateral agent, collateral trustee or a similar representative for the Additional
Secured Parties. The Additional First Lien Obligations are being designated as such by the Company in accordance with Article III of the First Lien Intercreditor Agreement. 

C. The Additional Collateral Agent wishes to become a party to the First Lien Intercreditor Agreement and to acquire and undertake, for
itself and on behalf of the Additional First Lien Secured Parties, the rights and obligations of an “Additional Collateral Agent” thereunder. The Additional Collateral Agent is entering into this Joinder Agreement in accordance with the
provisions of the First Lien Intercreditor Agreement in order to become an Additional Collateral Agent thereunder. 

Accordingly, the Additional Collateral Agent and the Company agree as follows, for the benefit of the Additional Collateral Agent, the
Company and each other party to the First Lien Intercreditor Agreement: 
 SECTION 1. Accession to the Intercreditor
Agreement. The Additional Collateral Agent (a) hereby accedes and becomes a party to the First Lien Intercreditor Agreement as an Additional Collateral Agent for the Additional First Lien Secured Parties from time to time in respect of the
Additional First Lien Obligations, (b) agrees, for itself and on behalf of the Additional First Lien Secured Parties from time to time in respect of the Additional First Lien Obligations, to all the terms and provisions of the First Lien
Intercreditor Agreement and (c) shall have all the rights and obligations of an Additional Collateral Agent under the First Lien Intercreditor Agreement. 

SECTION 2. Representations, Warranties and Acknowledgement of the Additional Collateral Agent. The Additional Collateral Agent
represents and warrants to the Collateral Agents and the other parties to the First Lien Intercreditor Agreement that (a) it has full power and authority to enter into this Joinder Agreement, in its capacity as the Additional Collateral Agent,
(b) this Joinder Agreement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of this Joinder Agreement and (c) the Additional
First Lien Agreements relating to such Additional First Lien Obligations provide that, upon the Additional Collateral Agent’s entry into this Joinder Agreement, the secured parties in respect of such Additional First Lien Obligations will be
subject to and bound by the provisions of the First Lien Intercreditor Agreement as Additional First Lien Secured Parties. 
  

 Exhibit A-1 

 SECTION 3. Counterparts. This Joinder Agreement may be executed in multiple
counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Joinder Agreement shall become effective when each Collateral Agent shall have received a counterpart of this
Joinder Agreement that bears the signature of the Additional Collateral Agent. Delivery of an executed signature page to this Joinder Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually signed
counterpart of this Joinder Agreement. 
 SECTION 4. Benefit of Agreement. The agreements set forth herein or
undertaken pursuant hereto are for the benefit of, and may be enforced by, any party to the First Lien Intercreditor Agreement. 

SECTION 5. Governing Law. THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK. 
 SECTION 6. Severability. In case any one or more of the provisions contained in this Joinder
Agreement should be held invalid, illegal or unenforceable in any respect, none of the parties hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity,
legality and enforceability of the remaining provisions contained herein and in the First Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. Notices. All communications and notices hereunder shall be in writing and given as provided in Section 6.01 of the
First Lien Intercreditor Agreement. All communications and notices hereunder to the Additional Collateral Agent shall be given to it at the address set forth under its signature hereto, which information supplements Section 6.01 of the First
Lien Intercreditor Agreement. 
  

 Exhibit A-2 

 IN WITNESS WHEREOF, the Additional Collateral Agent has duly executed this Joinder Agreement
to the First Lien Intercreditor Agreement as of the day and year first above written. 
  

					
	 [NAME OF ADDITIONAL COLLATERAL

AGENT], as ADDITIONAL COLLATERAL
 AGENT for the
ADDITIONAL FIRST LIEN
 SECURED PARTIES

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
	
	 Address for notices:

	
	  

	  

			
		
	attention of:	 	  

		
	Telecopy:	 	  

 

 Exhibit A-3 

			
	Acknowledged by:
	
	BANK OF AMERICA, N.A., as
	Term Loan Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:
	
	 THE BANK OF NEW YORK MELLON,

as Notes Collateral Agent

		
	By:	 	  

		 	Name:
		 	Title:
	
	[EACH OTHER ADDITIONAL
	 COLLATERAL AGENT], as Additional

Collateral Agent

		
	By:	 	  

		 	Name:
		 	Title:
	
	TOYS “R” US - DELAWARE, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  

 Exhibit A-4 

			
	[GRANTORS]
		
	By:	 	  

		 	Name:
		 	Title:

  

 Exhibit A-5 

 EXHIBIT B 

[FORM OF] GRANTOR JOINDER AGREEMENT NO. [    ] dated as of
[            ], 20[    ] (the “Joinder Agreement”) to the FIRST LIEN INTERCREDITOR AGREEMENT dated as of August 24, 2010 (the “First Lien
Intercreditor Agreement”), among TOYS “R” US - DELAWARE, INC., a Delaware corporation (the “Company”), the other GRANTORS party thereto, BANK OF AMERICA, N.A., as Term Loan Collateral Agent, THE BANK OF NEW YORK
MELLON, as Notes Collateral Agent, each ADDITIONAL COLLATERAL AGENT from time to time party thereto and [            ], a
[            ], as an additional GRANTOR. 
 A. Capitalized terms
used herein but not otherwise defined herein shall have the meanings assigned to such terms in the First Lien Intercreditor Agreement. 

B. [            ], a Subsidiary of the Company (the “Additional
Grantor”), has granted a Lien on all or a portion of its assets to secure First Lien Obligations and such Additional Grantor is not a party to the First Lien Intercreditor Agreement. 

C. The Additional Grantor wishes to become a party to the First Lien Intercreditor Agreement and to acquire and undertake the rights and
obligations of a Grantor thereunder. The Additional Grantor is entering into this Joinder Agreement in accordance with the provisions of the First Lien Intercreditor Agreement in order to become a Grantor thereunder. 

Accordingly, the Additional Grantor agrees as follows, for the benefit of the Collateral Agents, the Company and each other party to the
First Lien Intercreditor Agreement: 
 SECTION 1. Accession to the Intercreditor Agreement. In accordance with Article
III of the First Lien Intercreditor Agreement, the Additional Grantor (a) hereby accedes and becomes a party to the First Lien Intercreditor Agreement as a Grantor with the same force and effect as if originally named therein as a Grantor,
(b) agrees to all the terms and provisions of the First Lien Intercreditor Agreement and (c) shall have all the rights and obligations of a Grantor under the First Lien Intercreditor Agreement. 

SECTION 2. Representations, Warranties and Acknowledgment of the Additional Grantor. The Additional Grantor represents and
warrants to each Collateral Agent and each Secured Party that this Joinder Agreement has been duly authorized, executed and delivered by such Additional Grantor and constitutes the legal, valid and binding obligation, enforceable against it in
accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law. 
 SECTION 3. Counterparts. This Joinder Agreement may be executed in multiple
counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Joinder Agreement shall become effective when each Collateral Agent shall have received a counterpart of this
Joinder Agreement that bears the signature of the Additional Grantor. Delivery of an executed signature page to this Joinder Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually signed counterpart of
this Joinder Agreement. 
  

 Exhibit B-1 

 SECTION 4. Benefit of Agreement. The agreements set forth herein or undertaken
pursuant hereto are for the benefit of, and may be enforced by, any party to the First Lien Intercreditor Agreement. 

SECTION 5. Governing Law. THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK. 
 SECTION 6. Severability. In case any one or more of the provisions contained in this Joinder
Agreement should be held invalid, illegal or unenforceable in any respect, none of the parties hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity,
legality and enforceability of the remaining provisions contained herein and in the First Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. Notices. All communications and notices hereunder shall be in writing and given as provided in Section 6.01 of the
First Lien Intercreditor Agreement. 
  

 Exhibit B-2 

 IN WITNESS WHEREOF, the Additional Grantor has duly executed this Joinder Agreement to the
First Lien Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF SUBSIDIARY]
		
	By:	 	  

		 	Name:
		 	Title:

  

 Exhibit B-3 

			
	Acknowledged by:
	
	 BANK OF AMERICA, N.A., as

Term Loan Collateral Agent

		
	By:	 	  

		 	Name:
		 	Title:
	
	 THE BANK OF NEW YORK MELLON,

as Notes Collateral Agent

		
	By:	 	  

		 	Name:
		 	Title:
	
	 [EACH OTHER ADDITIONAL

COLLATERAL AGENT], as Additional
 Collateral
Agent

		
	By:	 	  

		 	Name:
		 	Title:
	
	TOYS “R” US - DELAWARE, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	[GRANTORS]
		
	By:	 	  

		 	Name:
		 	Title:

  

 Exhibit B-4

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