Document:

EX-10.1

 Exhibit 10.1 

INTERCREDITOR AGREEMENT 

by and among 
 BANK OF AMERICA,
N.A., 
 as ABL Agent, 

U.S. BANK NATIONAL ASSOCIATION, 

as Notes Agent, 
 each
additional representative from time to time party hereto, 
 and 

each of the Credit Parties party hereto 

Dated as of July 6, 2020 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page No.	 
	 ARTICLE 1 DEFINITIONS
	  	 	2	 
			
	 Section 1.1
	 	UCC Definitions	  	 	2	 
	 Section 1.2
	 	Other Definitions	  	 	2	 
	 Section 1.3
	 	Rules of Construction	  	 	11	 
		
	 ARTICLE 2 LIEN PRIORITY
	  	 	12	 
			
	 Section 2.1
	 	Priority of Liens	  	 	12	 
	 Section 2.2
	 	Waiver of Right to Contest Liens	  	 	13	 
	 Section 2.3
	 	Remedies Standstill	  	 	14	 
	 Section 2.4
	 	Exercise of Rights	  	 	14	 
	 Section 2.5
	 	No New Liens	  	 	16	 
	 Section 2.6
	 	Waiver of Marshalling	  	 	16	 
		
	 ARTICLE 3 ACTIONS OF THE PARTIES
	  	 	17	 
			
	 Section 3.1
	 	Certain Actions Permitted	  	 	17	 
	 Section 3.2
	 	Agent for Perfection	  	 	17	 
	 Section 3.3
	 	Sharing of Information and Access	  	 	18	 
	 Section 3.4
	 	Insurance	  	 	18	 
	 Section 3.5
	 	No Additional Rights For the Credit Parties Hereunder	  	 	18	 
	 Section 3.6
	 	Inspection Rights and Insurance	  	 	18	 
		
	 ARTICLE 4 APPLICATION OF PROCEEDS
	  	 	20	 
			
	 Section 4.1
	 	Application of Proceeds	  	 	20	 
	 Section 4.2
	 	Specific Performance	  	 	21	 
	 Section 4.3
	 	Exercise of Remedies – Set Off and Tracing of and Priorities in Proceeds	  	 	22	 
		
	 ARTICLE 5 INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS
	  	 	22	 
			
	 Section 5.1
	 	Notice of Acceptance and Other Waivers	  	 	22	 
	 Section 5.2
	 	Modifications to ABL Documents and Notes Documents	  	 	23	 
	 Section 5.3
	 	Reinstatement and Continuation of Agreement	  	 	25	 
		
	 ARTICLE 6 INSOLVENCY PROCEEDINGS
	  	 	26	 
			
	 Section 6.1
	 	DIP Financing	  	 	26	 
	 Section 6.2
	 	Relief From Stay	  	 	27	 
	 Section 6.3
	 	No Contest	  	 	27	 
	 Section 6.4
	 	Asset Sales	  	 	27	 
	 Section 6.5
	 	Separate Grants of Security and Separate Classification	  	 	28	 
	 Section 6.6
	 	Enforceability	  	 	28	 
	 Section 6.7
	 	ABL Obligations Unconditional	  	 	28	 
	 Section 6.8
	 	Notes Obligations Unconditional	  	 	29	 
	 Section 6.9
	 	Adequate Protection	  	 	29	 

  
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	 Section 6.10
	 	Plan of Reorganization	  	 	30	 
		
	 ARTICLE 7 MISCELLANEOUS
	  	 	30	 
			
	 Section 7.1
	 	Rights of Subrogation	  	 	30	 
	 Section 7.2
	 	Further Assurances	  	 	30	 
	 Section 7.3
	 	Representations	  	 	31	 
	 Section 7.4
	 	Amendments	  	 	31	 
	 Section 7.5
	 	Addresses for Notices	  	 	31	 
	 Section 7.6
	 	No Waiver, Remedies	  	 	32	 
	 Section 7.7
	 	Continuing Agreement, Transfer of Secured Obligations	  	 	32	 
	 Section 7.8
	 	Governing Law: Entire Agreement	  	 	32	 
	 Section 7.9
	 	Counterparts	  	 	32	 
	 Section 7.10
	 	No Third Party Beneficiaries	  	 	33	 
	 Section 7.11
	 	Headings	  	 	33	 
	 Section 7.12
	 	Severability	  	 	33	 
	 Section 7.13
	 	[Reserved]	  	 	33	 
	 Section 7.14
	 	SUBMISSION TO JURISDICTION; JURY TRIAL WAIVER	  	 	33	 
	 Section 7.15
	 	Intercreditor Agreement	  	 	34	 
	 Section 7.16
	 	No Warranties or Liability	  	 	34	 
	 Section 7.17
	 	Conflicts	  	 	34	 
	 Section 7.18
	 	Information Concerning Financial Condition of the Credit Parties	  	 	34	 
	 Section 7.19
	 	Agent Capacities	  	 	34	 
	 Section 7.20
	 	Additional Credit Parties	  	 	35	 

  
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 INTERCREDITOR AGREEMENT 

THIS INTERCREDITOR AGREEMENT (as amended, supplemented, restated or otherwise modified from time to time pursuant to the terms hereof, this
“Agreement”) is entered into as of July 6, 2020, by and among (a) BANK OF AMERICA, N.A. (in its individual capacity, “Bank of America”), in its capacities as administrative agent and
collateral agent (together with its successors and assigns in such capacities, the “ABL Agent”) for the ABL Secured Parties (as defined below), (b) U.S. BANK NATIONAL ASSOCIATION (in its individual capacity,
“U.S. Bank”), in its capacity as notes collateral agent under the Original Notes Indenture referred to below (together with its successors and assigns in such capacity, the “Notes Agent”) for the Notes
Secured Parties (as defined below), (c) each additional representative in respect of Additional Debt (as defined below) from time to time party hereto and (d) each of the Credit Parties (as defined below) party hereto. 

RECITALS 

A.    Pursuant to that certain Second Amended and Restated Revolving Credit Agreement dated as of March 25, 2014 by
and among GameStop Corp., as borrower (the “Company” and, together with certain other Subsidiaries of the Company specified in the ABL Credit Agreement, collectively, the “ABL Borrowers”), the
financial institutions party from time to time thereto (such financial institutions, together with their successors, assigns and transferees, the “ABL Lenders”) and the ABL Agent (as such agreement may be amended,
supplemented, restated or otherwise modified from time to time, the “Original ABL Credit Agreement”), the ABL Lenders have agreed to make certain loans and other financial accommodations to or for the benefit of the ABL
Borrowers. 
 B.    Pursuant to the Original ABL Credit Agreement, the ABL Guarantors have agreed to guarantee the
payment and performance of the ABL Borrowers’ obligations under the ABL Documents (as hereinafter defined). 

C.    As a condition to the effectiveness of the Original ABL Credit Agreement and to secure the obligations of the ABL
Borrowers and the ABL Guarantors (the ABL Borrowers, the ABL Guarantors and each other direct or indirect subsidiary or parent of the ABL Borrowers that is now or hereafter becomes a party to any ABL Document, collectively, the “ABL
Credit Parties”) under and in connection with the ABL Documents, the ABL Credit Parties have granted to the ABL Agent (for the benefit of the ABL Secured Parties) Liens on the Collateral. 

D.    Pursuant to that certain Indenture, dated as of July 6, 2020, by and among the Company, as Issuer (the
“Notes Issuer”), the Notes Guarantors (as hereinafter defined), U.S. Bank, in its capacity as trustee (together with its successors and assigns in such capacity, the “Notes Trustee”), and the Notes
Agent (as such agreement may be amended, supplemented, restated or otherwise modified from time to time, the “Original Notes Indenture”), the Notes Issuer has issued senior secured notes to the Notes Holders. 

E.    Pursuant to the Notes Documents (as hereinafter defined), the Notes Guarantors have provided guarantees and security
for the Notes Obligations. 
 F.    As a condition to the effectiveness of the Original Notes Indenture and to secure
the obligations of the Notes Issuer and the Notes Guarantors (the Notes Issuer, the Notes Guarantors and each other direct or indirect subsidiary or parent of the Notes Issuer that is now or hereafter becomes a party to any Notes Documents,
collectively, the “Notes Parties”) under and in connection with the Notes Documents, the Notes Parties have granted to the Notes Agent (for the benefit of the Notes Secured Parties) Liens on the Collateral. 

 G.    Each of the ABL Agent (on behalf of the ABL Secured Parties) and
the Notes Agent (on behalf of the Notes Secured Parties) and the ABL Credit Parties and the Notes Parties, agree to the relative priority of Liens on the Collateral and certain other rights, priorities and interests as provided herein. 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.1    UCC Definitions. The following terms which are defined in the
Uniform Commercial Code are used herein as so defined: Accounts, Chattel Paper, Commodity Accounts, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Financial Assets, Fixtures, Instruments, Inventory, Investment Property, Letter-Of-Credit Rights, Money, Payment Intangibles, Proceeds, Promissory Notes, Records, Security, Securities Accounts, Security Entitlements, Supporting Obligations and
Tangible Chattel Paper. 
 Section 1.2    Other Definitions. Subject to
Section 1.1 above, unless the context otherwise requires, all capitalized terms used but not defined herein shall have the meanings set forth in the ABL Credit Agreement and the Notes Indenture, in each case as in effect on the date hereof. In
addition, as used in this Agreement, the following terms shall have the meanings set forth below: 
 “ABL Agent”
shall have the meaning assigned to that term in the introduction to this Agreement and shall include any successor thereto as well as any Person designated as the “Agent” or “Administrative Agent” under any ABL Credit Agreement.
If at any time there is more than one series of ABL Obligations outstanding, the Controlling ABL Agent shall be the “ABL Agent”. 

“ABL Bank Products Affiliate” shall mean any ABL Agent, any ABL Lender and any of their respective Affiliates who
provide Cash Management Services or Bank Products to an ABL Credit Party. 
 “ABL Borrowers” shall have the meaning
assigned to that term in the introduction to this Agreement. 
 “ABL Collateral Documents” shall mean all
“Security Documents” as defined in the Original ABL Credit Agreement, and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with any ABL Credit Agreement, in each
case as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance with the terms thereof. 

“ABL Credit Agreement” shall mean (i) the Original ABL Credit Agreement, (ii) any Additional ABL Agreement
and (iii) any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the ABL Obligations, whether by the same or any other agent, lender or group of lenders and whether
or not increasing the amount of any Indebtedness that may be incurred thereunder. 
 “ABL Credit Parties” shall have
the meaning assigned to that term in the recitals to this Agreement. 
 “ABL Documents” shall mean the ABL Credit
Agreement, the ABL Guaranties, the ABL Collateral Documents, all other “Loan Documents,” as defined in the ABL Credit Agreement, any Bank Products Documents between any ABL Credit Party and any ABL Bank Products Affiliate, those other

  
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ancillary agreements as to which the ABL Agent or any ABL Lender is a party or a beneficiary and all other agreements, instruments, documents and certificates, now or hereafter executed by or on
behalf of any ABL Credit Party or any of its respective Subsidiaries or Affiliates, and delivered to the ABL Agent, in connection with any of the foregoing or any ABL Credit Agreement, in each case as the same may be amended, supplemented, restated
or otherwise modified from time to time in accordance with the terms thereof. 
 “ABL Guaranties” shall have the
meaning assigned to that term in the recitals to this Agreement. 
 “ABL Guarantors” shall mean the collective
reference to the ABL Borrowers and any other Person who becomes a guarantor under any ABL Credit Agreement. 
 “ABL
Lenders” shall have the meaning assigned to that term in the recitals to this Agreement and shall include all ABL Bank Product Affiliates and all successors, assigns, transferees and replacements thereof, as well as any Person
designated as a “Lender” or an “Issuing Bank” under any ABL Credit Agreement. 
 “ABL
Obligations” shall mean all “Obligations” as such term is defined in any ABL Credit Agreement, including all obligations of every nature of each ABL Credit Party from time to time owed to the ABL Agent, the ABL Secured Parties
or any of them, under any ABL Document and/or with respect to Bank Products and/or Cash Management Services and under a Foreign ABL Facility, whether for principal, interest, fees, expenses (including interest, fees, and expenses which, but for the
filing of a petition in bankruptcy with respect to such ABL Credit Party, would have accrued on any ABL Obligation, whether or not a claim is allowed or allowable against such ABL Credit Party for such interest, fees, or expenses in the related
Insolvency Proceeding), reimbursement of amounts drawn under letters of credit, indemnification or otherwise, and all other amounts owing or due under the terms of the ABL Documents, as amended, restated, modified, renewed, refunded, replaced or
refinanced in whole or in part from time to time in accordance with the terms thereof. 
 “ABL Priority Collateral”
shall mean all of the following assets of the Credit Parties (other than Excluded Property): 
  

	(1)	 all Accounts and Receivables (other than Accounts and Receivables arising under agreements for the sale of
Notes Priority Collateral to the extent constituting identifiable proceeds of such Notes Priority Collateral); 

  

	(2)	 all Payment Intangibles, including all intercompany loans, corporate and other tax refunds and all Credit Card
Receivables and all other rights to payment arising therefrom in a credit card, debit card, prepaid card or other payment card transaction (other than any Payment Intangible constituting identifiable proceeds of Notes Priority Collateral);

  

	(3)	 all Inventory; 

  

	(4)	 all Deposit Accounts, Securities Accounts and Commodity Accounts (including the cash management accounts, the
blocked accounts, the lockbox accounts and the government lockbox accounts) and all cash, cash equivalents and other assets contained in, or credit to, and all Securities Entitlements arising from, any such Deposit Accounts, Securities Accounts or
Commodity Accounts (in each case, other than any identifiable proceeds of Notes Priority Collateral). 

  

	(5)	 all rights to business interruption insurance and all rights to credit insurance with respect to any Accounts
(in each case, regardless of whether the ABL Agent is the loss payee with respect thereto); 

  
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	(6)	 solely to the extent evidencing, governing, securing or otherwise relating to any of the items constituting ABL
Priority Collateral under clauses (1) through (5) above, (i) all General Intangibles (excluding any Intellectual Property and Capital Stock of Subsidiaries of the Company, but including contract rights and all rights as
consignor or consignee, whether arising by contract, statute or otherwise), (ii) Instruments (including Promissory Notes), (iii) Documents (including each warehouse receipt or bill of lading covering any Inventory), (iv) licenses from any
Governmental Authority to sell any Inventory and (v) Chattel Paper; 

  

	(7)	 all collateral and guarantees given by any other person with respect to any of the foregoing, and all other
Supporting Obligations (including Letter-of-Credit Rights) with respect to any of the foregoing; 

 

	(8)	 all books and Records to the extent relating to any of the foregoing; and 

 

	(9)	 all products and proceeds of the foregoing (such proceeds, “ABL Priority Proceeds”).
Notwithstanding the foregoing, the term “ABL Priority Collateral” shall not include any assets referred to in the definition of the term “Notes Priority Collateral” (as hereinafter defined). 

“ABL Recovery” shall have the meaning set forth in Section 5.3(a). 

“ABL Secured Parties” shall mean the ABL Agent, the ABL Lenders and any other holders of ABL Obligations. 

“Account(s)” means “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. The term “Account” does not include (a) rights to payment evidenced by chattel paper or an instrument, (b) commercial tort claims, (c) deposit
accounts, (d) investment property, or (e) letter-of-credit rights or letters of credit. For the avoidance of doubt, for purposes of this Agreement,
“Account” shall also include Payment Intangibles consisting of Credit Card Receivables due and owing to the Credit Parties from any credit or debit card issuer or processor. 

“Additional ABL Agreement” means any agreement evidencing or governing the incurrence of additional indebtedness that
is permitted to be secured by the ABL Priority Collateral on a pari passu basis with other ABL Obligations. 
 “Additional
Debt” shall have the meaning set forth in Section 7.4. 
 “Additional Notes Agreement” means any
credit agreement, indenture, loan agreement, note agreement, promissory note, or other agreement or instrument evidencing or governing the incurrence of additional indebtedness that is permitted to be secured by the Notes Priority Collateral on a
pari passu basis with other Notes Obligations. 
 “Affiliate” shall mean, with respect to a specified Person,
(a) any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person, or (b) any other Person who is a director or executive officer of: (1) such specified
Person, (2) any Subsidiary of such specified Person, or (3) any Person described in clause (a). 

“Agreement” shall have the meaning assigned to that term in the introduction to this Agreement. 

  
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 “Bank of America” shall have the meaning assigned to that
term in the introduction to this Agreement. 
 “Bank Products” shall have the meaning provided in the ABL Credit
Agreement as in effect on the date hereof and also include, without duplication, any other Bank Product Service (as defined in the Original Notes Indenture as in effect on the date hereof). 

“Bank Products Documents” shall mean any instrument or agreement now or hereafter executed and delivered in connection
with any (i) any Cash Management Services provided by the ABL Agent, any ABL Lender or any of their respective Affiliates to any member of the Borrower Affiliated Group (as defined in the Original ABL Credit Agreement), and (ii) any Bank
Product provided by the ABL Agent, any ABL Lender or any of their respective Affiliates to any member of the Borrower Affiliated Group (as defined in the Original ABL Credit Agreement), each as amended and in effect from time to time. 

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

“Borrower” shall mean any of the ABL Borrowers and the Notes Issuer. 

“Capital Stock” shall mean, with respect to with respect to any Person, any shares or other equivalents (however
designated) of any class of corporate stock or partnership interests or any other participations, rights, warrants, options or other interests in the nature of an equity interest in such Person, including Preferred Stock, but excluding any debt
security convertible or exchangeable into such equity interest. 
 “Cash Collateral” shall mean any Collateral
consisting of Money or cash equivalents, Deposit Accounts, Instruments, any Security Entitlement and any Financial Assets. 

“Cash Management Services” shall have the meaning provided in the ABL Credit Agreement as in effect on the date hereof
and also include, without duplication, any Cash Management Services (as defined in the Original Notes Indenture as in effect on the date hereof). 

“Collateral” shall mean, collectively, all ABL Priority Collateral and all Notes Priority Collateral. 

“Collateral Agent” means the ABL Agent and/or the Notes Agent. 

“Company” shall have the meaning assigned to that term in the recitals to this Agreement. 

“Control” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. The terms “Controlling” and “Controlled” have meanings correlative thereto. 

“Control Collateral” shall mean any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Accounts, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party,
or any agent therefor. 
 “Controlling ABL Agent” means (i) prior to the Discharge of ABL Obligations in
respect of the Original ABL Credit Agreement, the ABL Agent under the Original ABL Credit Agreement until the Discharge of ABL Obligations in respect of the Original ABL Credit Agreement and (ii) after the Discharge of ABL Obligations in
respect of the Original ABL Credit Agreement, the ABL Agent of the series of ABL Obligations that constitutes the largest outstanding principal amount of any then outstanding series of ABL Obligations. 

  
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 “Controlling Notes Agent” means, with respect to any Notes Priority
Collateral, the Notes Agent for the series of Notes Obligations that constitutes the largest outstanding principal amount of any then outstanding series of Notes Obligations. 

“Credit Card Company” shall mean any person (other than the Company or any of its Subsidiaries) who issues or whose
members issue credit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American
Express, Discover, Diners Club, Carte Blanche, Comenity Capital Bank and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel
Related Services Company, Inc., and Novus Services, Inc. and other reasonably similar companies. 
 “Credit Card
Processor” shall mean any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any
Credit Party’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Company. 

“Credit Card Receivables” shall mean each “payment intangible” (as defined in the UCC) together with all
income, payments and proceeds thereof, owed by a Credit Card Company or Credit Card Processor to a Credit Party resulting from charges by a customer of a Credit Party on credit or debit cards issued by such Credit Card Company in connection with the
sale of goods by a Credit Party, or services performed by a Credit Party, in each case in the ordinary course of its business. 

“Credit Documents” shall mean the ABL Documents and the Notes Documents. 

“Credit Parties” shall mean any Person that is both (i) an ABL Credit Party and (ii) a Notes Party. 

“Debtor Relief Laws” shall mean the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment
for benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors
generally. 
 “DIP Financing” shall have the meaning set forth in Section 6.1(a). 

“Discharge of ABL Obligations” shall mean, subject to Section 5.3, (a) the payment in full in cash of the ABL
Obligations that are outstanding and unpaid at the time all Indebtedness thereunder is paid in full including, with respect to amounts available to be drawn under outstanding letters of credit issued thereunder (or indemnities or other undertakings
issued pursuant thereto in respect of outstanding letters of credit) delivery or provision of Money or backstop letters of credit in respect thereof in compliance with the terms of any ABL Credit Agreement (which shall not exceed an amount equal to
105% of the aggregate undrawn amount of such letters of credit) and (b) the termination of all commitments to extend credit under the ABL Documents (in each case, other than Bank Products Document and the ABL Obligations thereunder, with
respect to which arrangements reasonably satisfactory to the applicable ABL Bank Products Affiliate have been made). 

“Discharge of Notes Obligations” shall mean, subject to Section 5.3, the payment in full in cash of the Notes
Obligations that are outstanding and unpaid at the time all Indebtedness thereunder is paid in full. 

  
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 “Enforcement Notice” shall mean a written notice delivered, at a
time when an event of default has occurred and is continuing, by either (a) in the case of a an event of default under the ABL Obligations, the ABL Agent to the Notes Agent or (b) in the case of an event of default under the Notes
Obligations, the Notes Agent to the ABL Agent, in each case, announcing that an Enforcement Period has commenced, specifying the relevant event of default and stating the current balance of the ABL Obligations or the Notes Obligations, as
applicable. 
 “Enforcement Period” shall mean the period of time following the receipt by either the ABL Agent or
the Notes Agent of an Enforcement Notice until the earliest of (i) in the case of an Enforcement Period commenced by the Notes Agent, the Discharge of Notes Obligations, (ii) in the case of an Enforcement Period commenced by the ABL Agent,
the Discharge of ABL Obligations, (iii) the ABL Agent or the Notes Agent (as applicable) agrees in writing to terminate its Enforcement Period, or (iv) the date on which the applicable event of default that was the subject of the
Enforcement Notice relating to such Enforcement Period has been cured to the satisfaction of the ABL Agent or the Notes Agent (acting at the direction of the applicable parties pursuant to the Notes Documents), as applicable, or waived in writing in
accordance with the requirements of the applicable documents. 
 “Event of Default” shall mean an Event of Default
under any ABL Credit Agreement or any Notes Indenture. 
 “Excluded Property” means, as used in this Agreement, as
applicable, (a) with respect to the Lien securing any ABL Obligation, “Excluded Property” (as defined in the Security Agreement (as defined in the Original ABL Credit Agreement)) or the corresponding term in the ABL Collateral
Document governing such ABL Obligation, as applicable, and (b) with respect to the Lien securing any Notes Obligation, “Excluded Property” (as defined in the Security Agreement (as defined in the Original Notes Indenture)) or the
corresponding term in the Notes Collateral Document governing such Notes Obligation, as applicable. 
 “Exercise Any Secured
Creditor Remedies” or “Exercise of Secured Creditor Remedies” shall mean, except as otherwise provided in the final sentence of this definition: 

(a)    the taking by any ABL Secured Party or Notes Secured Party of any action to enforce or realize upon any Lien,
including the institution of any foreclosure proceedings or the noticing of any public or private sale pursuant to Article 9 of the UCC; 

(b)    the exercise by any ABL Secured Party or Notes Secured Party of any right or remedy provided to a secured creditor
on account of a Lien under any of ABL Documents or Notes Documents, under applicable law, in an Insolvency Proceeding or otherwise, including the election to retain any of the Collateral in satisfaction of a Lien; 

(c)    the taking by any ABL Secured Party or Notes Secured Party of any action or the exercise of any right or remedy in
respect of the collection on, set off against, marshaling of, injunction respecting or foreclosure on the Collateral or the Proceeds thereof; 

(d)    the appointment on an application of a ABL Secured Party or Notes Secured Party of a receiver, receiver and manager
or interim receiver of all or part of the Collateral; 
 (e)    the sale, lease, license, or other disposition of all or
any portion of the Collateral by private or public sale conducted by a ABL Secured Party or Notes Secured Party or any other means permissible under applicable law; 

  
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 (f)    the exercise of any other right of a secured creditor under Part
6 of Article 9 of the UCC; 
 (g)    the exercise by any ABL Secured Party or Notes Secured Party of any voting rights
relating to any Capital Stock included in the Collateral; and 
 (h)    the delivery of any claim or demand relating to
the Collateral to any Person (including any securities intermediary, depository bank or landlord) in possession or control of any Collateral in connection with the collection of the ABL Obligations or Notes Obligations after the occurrence of an
Event of Default (except, with respect to the ABL Lenders, such action shall not be deemed an Exercise of Secured Creditor Remedies if the ABL Lenders have not terminated their commitments to the ABL Borrowers under the ABL Credit Agreement and/or
are continuing to make loans and advances to or for the benefit of the Company and the Guarantors). 
 For the avoidance of doubt, exercising any right or
remedy provided to an ABL Secured Party upon the occurrence of a Cash Dominion Event (as defined in the ABL Credit Agreement as in effect on the date hereof and/or any similar term in any ABL Credit Agreement), reducing advance rates and sub-limits, imposing reserves, filing a proof of claim in bankruptcy court or seeking adequate protection in a manner consistent with this Agreement shall not be deemed to be an Exercise of Secured Creditor
Remedies. 
 “Foreign ABL Facility” shall have the meaning provided in the Original Notes Indenture. 

“General Intangibles” shall mean all “general intangibles” as such term is defined in the UCC including,
with respect to any Credit Party, all contracts, agreements and indentures in any form, and portions thereof, to which such Credit Party is a party or under which such Credit Party has any right, title or interest or to which such Credit Party or
any property of such Credit Party is subject, as the same may be amended, supplemented, restated or otherwise modified from time to time. 

“Guarantor” shall mean any of the ABL Guarantors or the Notes Guarantors. 

“Indebtedness” shall have the meaning provided in the ABL Credit Agreement and the Notes Indenture as in effect on the
date hereof. 
 “Insolvency Proceeding” shall mean (a) any case, action or proceeding before any court or other
Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of
creditors, composition, marshalling of assets for creditors or other similar arrangement in respect of its creditors generally or any substantial portion of its creditors; in each case covered by clauses (a) and (b) undertaken under United
States Federal, State or foreign law, including the Bankruptcy Code or any other applicable Debtor Relief Law. 

“Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation,
encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same
economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

“Lien Priority” shall mean with respect to any Lien of the ABL Agent, the ABL Secured Parties, the Notes Agent or the
Notes Secured Parties in the Collateral, the order of priority of such Lien as specified in Section 2.1. 

  
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 “Notes” shall mean, collectively, the 10.00% Senior Secured Notes
due 2023 and all other notes issued pursuant to any Notes Indenture, in each case as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance with the terms thereof. 

“Notes Agent” shall have the meaning assigned to that term in the introduction to this Agreement and shall include any
successor thereto as well as any Person designated as the “Agent” or “Collateral Agent” under any Notes Indenture. If at any time there is more than one series of Notes Obligations outstanding, the Controlling Notes Agent shall
be the “Notes Agent”. 
 “Notes Collateral Documents” shall mean all “Security Documents” as
defined in the Original Notes Indenture, and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with any Notes Indenture, in each case as the same may be amended,
supplemented, restated or otherwise modified from time to time in accordance with the terms thereof. 
 “Notes
Documents” shall mean the Notes Indenture, the Notes, the Notes Collateral Documents, those other ancillary agreements as to which the Notes Agent, the Notes Trustee, or any Notes Holder is a party or a beneficiary and all other
agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any Notes Party or any of its respective Subsidiaries or Affiliates, and delivered to the Notes Agent or the Notes Trustee, in connection with any of
the foregoing or any Notes Indenture, in each case as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance with the terms thereof. 

“Notes Guarantors” shall mean the collective reference to the Domestic Restricted Subsidiaries of the Notes Issuer and
any other Person who becomes a guarantor under any of the Notes Documents. 
 “Notes Holders” shall mean the
“holders” under and as defined in the Original Notes Indenture, and shall include all successors, assigns, transferees and replacements thereof, as well as any Person designated as a “holder” or “Holder” under any Notes
Indenture. 
 “Notes Indenture” shall mean (i) the Original Notes Indenture, (ii) any Additional Notes
Agreement and (iii) any other agreement (including any “credit” and/or “loan” agreement) extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Notes
Obligations, whether by the same or any other agent, trustee, holder, or group of holders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder. 

“Notes Issuer” shall have the meaning assigned to that term in the introduction to this Agreement. 

“Notes Obligations” shall mean (i) all Obligations in respect of the Original Notes Indenture and the New Notes
(including any Additional Notes issued pursuant to the terms of the Original Notes Indenture) and/or any obligation under any other Notes Document and (ii) without duplication, all Pari Passu Notes Lien Debt (each of the foregoing capitalized
terms not otherwise defined herein have the definitions set forth in the Original Notes Indenture). 
 “Notes
Parties” shall have the meaning assigned to that term in the recitals to this Agreement. 
 “Notes Priority
Collateral” shall mean substantially all of the property and assets of the Credit Parties (other than Excluded Property and ABL Priority Collateral), including, but not limited to: 

(1)    all Equipment and all Intellectual Property; 

  
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 (2)    all Capital Stock and other Investment Property (other than
investment property constituting ABL Priority Collateral under clause (4) or (6) of the definition of such term); 

(3)    all Commercial Tort Claims that do not relate to ABL Priority Collateral; 

(4)    all insurance policies relating to Notes Priority Collateral, but, for the avoidance of doubt, excluding business
interruption insurance and credit insurance with respect to any Accounts or Credit Card Receivables; 
 (5)    except to
the extent constituting ABL Priority Collateral under clause (6) or (7) of the definition of such term, all documents, all General Intangibles, all Instruments and all Letter-of-Credit Rights; 
 (6)    all collateral and guarantees given by any
other person with respect to any of the foregoing, and all Supporting Obligations (including Letter-of-Credit Rights) with respect to any of the foregoing; 

(7)    all books and Records to the extent relating to any of the foregoing; 

(8)    all products and proceeds of the foregoing (such proceeds, “Notes Priority Proceeds”).
Notwithstanding the foregoing, the term “Notes Priority Collateral” shall not include any assets referred to in clauses (1) through (6) of the definition of the term “ABL Priority Collateral”. 

“Notes Proceeds Notice” shall mean a written notice delivered by the Notes Agent or a Notes Secured Party to the ABL
Agent that states that certain Proceeds which may be deposited in a Deposit Account or Securities Account subject to a control agreement in favor of the ABL Agent on behalf of the ABL Secured Parties constitute Proceeds of Notes Priority Collateral,
reasonably identifies the amount of such Proceeds, and specifies the origin of such Proceeds. 
 “Notes Recovery”
shall have the meaning set forth in Section 5.3(b). 
 “Notes Secured Parties” shall mean the Notes Agent, the
Notes Trustee and the Notes Holders. 
 “Notes Trustee” shall have the meaning assigned to that term in the recitals
to this Agreement, and shall include any successor thereto as well as any Person designated as “Trustee” under any Notes Indenture. 

“Original ABL Credit Agreement” shall have the meaning assigned to that term in the introduction to this Agreement.

 “Original Notes Indenture” shall have the meaning assigned to that term in the introduction to this Agreement.

 “Party” shall mean the ABL Agent or the Notes Agent, and “Parties” shall mean,
collectively, the ABL Agent and the Notes Agent. 
 “Person” shall mean any individual, corporation, company
(including any limited liability company), association, partnership, joint venture, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Preferred Stock” shall mean any Capital Stock of a Person, however designated, which entitles the holder
thereof to a preference with respect to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares of any other class of Capital Stock issued by such Person.

  
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 “Priority Collateral” shall mean the ABL Priority Collateral or the
Notes Priority Collateral, as applicable. 
 “Property” shall mean, with respect to any Person, any interest of such
Person in any kind of property or asset, whether real, personal or mixed, or tangible or intangible, including Capital Stock in, and other securities of, any other Person. 

“Receivables” shall mean all (i) Accounts, (ii) Chattel Paper, (iii) Payment Intangibles, (iv) General
Intangibles, (v) Instruments and (vi) other rights to payment, whether or not earned by performance, for goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, regardless
of how classified under the UCC together with all of the Credit Party’s rights, if any, in any goods or other property giving rise to such right to payment and all property (real or personal) assigned, hypothecated or otherwise securing any
such Receivables and shall include any security agreement or other agreement granting a Lien in such real or personal property and Supporting Obligations related thereto and all Records relating thereto. 

“Secured Parties” shall mean the ABL Secured Parties and the Notes Secured Parties. 

“Subsidiary” shall mean with respect to any Person (the “parent”) at any date, any corporation,
limited liability company, partnership, association or other entity (a) of which Capital Stock representing more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as
of such date, owned, Controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“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 Uniform Commercial Code differently than in another Article thereof, the term shall have the meaning set forth in Article 9; provided, further, that in the event that, by
reason of mandatory provisions of law, perfection, or the effect of perfection or non-perfection, of a 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, the term “Uniform Commercial Code” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions thereof relating to such
perfection or effect of perfection or non-perfection or availability of such remedy, as the case may be. 

“U.S. Bank” shall have the meaning assigned to that term in the introduction to this Agreement. 

Section 1.3    Rules of Construction. Unless the context of this Agreement clearly
requires otherwise, references to the plural include the singular, references to the singular include the plural, the term “including” is not limiting and shall be deemed to be followed by the phrase “without limitation,” and the
term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this
Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. Article, section, subsection, clause, schedule and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this
Agreement to any agreement, instrument, or document shall include all alterations, amendments, changes, restatements, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements thereto and thereof, as applicable
(subject to any restrictions on such alterations, amendments, changes, restatements, extensions, modifications, renewals, replacements, substitutions, 

  
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joinders, and supplements set forth herein). Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any reference herein to the repayment in
full of an obligation shall mean the payment in full in cash of such obligation, or in such other manner as may be approved in writing by the requisite holders or representatives in respect of such obligation, or in such other manner as may be
approved by the requisite holders or representatives in respect of such obligation. 
 ARTICLE 2 

LIEN PRIORITY 

Section 2.1    Priority of Liens. 

(a)    Notwithstanding (i) the date, time, method, manner, or order of grant, attachment, or perfection (including any
defect or deficiency or alleged defect or deficiency in any of the foregoing) of any Liens granted to the ABL Agent or the ABL Secured Parties in respect of all or any portion of the Collateral or of any Liens granted to the Notes Agent or any Notes
Party in respect of all or any portion of the Collateral and regardless of how any such Lien was acquired (whether by grant, statute, operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or
instrument for perfecting the Liens in favor of the ABL Agent or the Notes Agent (or ABL Secured Parties or any Notes Parties) in any Collateral, (iii) any provision of the UCC, the Bankruptcy Code or any other applicable Debtor Relief Law, or
any other applicable law, the Security Documents or of the ABL Documents or the Notes Documents, (iv) whether the ABL Agent or the Notes Agent, in each case, either directly or through agents, holds possession of, or has control over, all or
any part of the Collateral, (v) the fact that any such Liens in favor of the ABL Agent or the Notes Agent (or ABL Secured Parties or any Notes Secured Parties) securing or purporting to secure any of the ABL Obligations or Notes Obligations,
respectively, are (x) subordinated to any Lien securing any obligation of the Company or any Guarantor other than the Notes Obligations or the ABL Obligations, respectively, or (y) otherwise subordinated, voided, avoided, invalidated or
lapsed, or (vi) any other circumstance of any kind or nature whatsoever, the ABL Agent, on behalf of itself and the ABL Secured Parties and the Notes Agent, on behalf of itself and the other Notes Secured Parties, hereby agree that: 

(1)    any Lien in respect of all or any portion of the ABL Priority Collateral now or hereafter held by or
on behalf of the Notes Agent or any Notes Secured Party that secures or purports to secure all or any portion of the Notes Obligations shall in all respects be junior and subordinate to all Liens granted to the ABL Agent and the ABL Secured Parties
in the ABL Priority Collateral to secure all or any portion of the ABL Obligations; 
 (2)    any Lien in
respect of all or any portion of the ABL Priority Collateral now or hereafter held by or on behalf of the ABL Agent or any ABL Secured Party that secures or purports to secure all or any portion of the ABL Obligations shall in all respects be senior
and prior to all Liens granted to the Notes Agent or any Notes Secured Party in the ABL Priority Collateral to secure all or any portion of the Notes Obligations; 

(3)    any Lien in respect of all or any portion of the Notes Priority Collateral now or hereafter held by
or on behalf of the ABL Agent or any ABL Secured Party that secures or purports to secure all or any portion of the ABL Obligations shall in all respects be junior and subordinate to all Liens granted to the Notes Agent and the Notes Secured Parties
in the Notes Priority Collateral to secure all or any portion of the Notes Obligations; and 

  
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 (4)    any Lien in respect of all or any portion of the
Notes Priority Collateral now or hereafter held by or on behalf of the Notes Agent or any Notes Secured Party that secures or purports to secure all or any portion of the Notes Obligations shall in all respects be senior and prior to all Liens
granted to the ABL Agent or any ABL Secured Party in the Notes Priority Collateral to secure all or any portion of the ABL Obligations. 

(b)    Notwithstanding any failure by any ABL Secured Party or Notes Secured Party to perfect its security interests in
the Collateral or any avoidance, invalidation, priming or subordination by any third party or court of competent jurisdiction of the security interests in the Collateral granted to the ABL Secured Parties or the Notes Secured Parties but, for the
avoidance of doubt, the priority and rights as between the ABL Secured Parties and the Notes Secured Parties with respect to the Collateral shall be as set forth herein. 

(c)    The subordination of Liens by the Notes Agent and the ABL Agent in favor of one another as set forth herein shall
not be deemed to subordinate the Notes Agent’s Liens or the ABL Agent’s Liens to the Liens of any other Person. 

Section 2.2    Waiver of Right to Contest Liens. 

(a)    Each of the Notes Agent, for and on behalf of itself, and the Notes Secured Parties agrees that it and they shall
not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the
perfection, priority, validity or enforceability of the Liens of the ABL Agent and the ABL Secured Parties in respect of the Collateral, the allowability of claims asserted with respect to the ABL Obligations, or the provisions of this Agreement.
Except to the extent expressly set forth in this Agreement, the Notes Agent, for itself and on behalf of the Notes Secured Parties, agrees that none of the Notes Agent or the Notes Secured Parties will take any action that would interfere with any
Exercise of Secured Creditor Remedies undertaken by the ABL Agent or any ABL Secured Party under the ABL Documents with respect to the ABL Priority Collateral. Except to the extent expressly set forth in this Agreement, the Notes Agent, for itself
and on behalf of the Notes Secured Parties, hereby waives any and all rights it or the Notes Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any
ABL Secured Party seeks to enforce its Liens in any ABL Priority Collateral. The foregoing shall not be construed to prohibit the Notes Agent from enforcing the provisions of this Agreement as to the relative priority of the parties hereto. 

(b)    The ABL Agent, for and on behalf of itself and the ABL Secured Parties, agrees that it and they shall not (and
hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the
perfection, priority, validity or enforceability of the Liens of the Notes Agent or the Notes Secured Parties in respect of the Collateral, the allowability of the claims asserted with respect to the Notes Obligations, or the provisions of this
Agreement. Except to the extent expressly set forth in this Agreement, the ABL Agent, for itself and on behalf of the ABL Secured Parties, agrees that none of the ABL Agent or the ABL Secured Parties will take any action that would interfere with
any Exercise of Secured Creditor Remedies undertaken by the Notes Agent or any Notes Secured Party under the applicable Notes Documents with respect to the Notes Priority Collateral. Except to the extent expressly set forth in this Agreement, the
ABL Agent, for itself and on behalf of the ABL Secured Parties, hereby waives any and all rights it or the ABL Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the
Notes Agent or any Notes Secured Party seeks to enforce its Liens in any Notes Priority Collateral. The foregoing shall not be construed to prohibit the ABL Agent from enforcing the provisions of this Agreement as to the relative priority of the
parties hereto. 

  
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 Section 2.3    Remedies
Standstill. 
 (a)    Each of the Notes Agent, on behalf of itself, and the Notes Secured Parties agrees that,
until the date upon which the Discharge of ABL Obligations shall have occurred, neither such Notes Agent nor any Notes Secured Party will Exercise Any Secured Creditor Remedies with respect to any of the ABL Priority Collateral without the written
consent of the ABL Agent. From and after the date upon which the Discharge of ABL Obligations shall have occurred (or prior thereto upon obtaining the written consent of the ABL Agent), the Notes Agent or any Notes Secured Party may Exercise Any
Secured Creditor Remedies under the applicable Notes Documents or applicable law as to any ABL Priority Collateral; provided, however, that any Exercise of Secured Creditor Remedies with respect to any Collateral by the Notes Agent is
at all times subject to the provisions of this Agreement, including Section 4.1 hereof. 
 (b)    The ABL Agent, on
behalf of itself and the ABL Secured Parties, agrees that, until the date upon which the Discharge of Notes Obligations shall have occurred, neither the ABL Agent nor any ABL Secured Party will Exercise Any Secured Creditor Remedies with respect to
the Notes Priority Collateral without the written consent of the Notes Agent. From and after the date upon which the Discharge of Notes Obligations shall have occurred (or prior thereto upon obtaining the written consent of the Notes Agent), the ABL
Agent or any ABL Secured Party may Exercise Any Secured Creditor Remedies under the ABL Documents or applicable law as to any Notes Priority Collateral; provided, however, that any Exercise of Secured Creditor Remedies with respect to
any Collateral by the ABL Agent is at all times subject to the provisions of this Agreement, including Section 4.1 hereof. 

Section 2.4    Exercise of Rights. 

(a)    No Other Restrictions. Except as otherwise set forth in this Agreement, each of the Notes Agent, each Notes
Secured Party, the ABL Agent and each ABL Secured Party shall have any and all rights and remedies it may have as a creditor under applicable law, including the right to the Exercise of Secured Creditor Remedies; provided, however,
that the Exercise of Secured Creditor Remedies with respect to the Collateral shall be subject to the Lien Priority and to the provisions of this Agreement, including Sections 2.3 and 4.1 hereof. None of the Notes Agent, any Notes Secured Party, the
ABL Agent or any ABL Secured Party waives any claim it may have on grounds of commercial reasonableness. The ABL Agent may enforce the provisions of the ABL Documents, the Notes Agent may enforce the provisions of the applicable Notes Documents, and
each may Exercise Any Secured Creditor Remedies, all in such order and in such manner as each may determine in the exercise of its sole discretion, consistent with the terms of this Agreement and mandatory provisions of applicable law;
provided, however, that each of the ABL Agent and the Notes Agent agrees to provide to the other copies of any notices that it is required under applicable law to deliver to any Borrower or any Guarantor; provided
further, however, that the ABL Agent’s failure to provide any such copies to the Notes Agent shall not impair any of the ABL Agent’s rights hereunder or under any of the ABL Documents and the Notes Agent’s failure to provide
any such copies to the ABL Agent shall not impair any of such Notes Agent’s rights hereunder or under any of the applicable Notes Documents. Each of the Notes Agent, each Notes Secured Party, the ABL Agent and each ABL Secured Party agrees that
it will not institute any suit or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding any claim, in the case of the Notes Agent and each Notes Secured Party against either the ABL Agent or any other ABL Secured Party,
and in the case of the ABL Agent and each other ABL Secured Party, against either the Notes Agent or any other Notes Secured Party, seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to, any
action taken or omitted to be taken by such Person with respect to the Collateral which is consistent with the terms of this Agreement, and none of such Parties shall be liable for any such action taken or omitted to be taken. 

  
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 (b)    Release of Liens. (i) In the event of (A) any
private or public sale of all or any portion of the ABL Priority Collateral in connection with any Exercise of Secured Creditor Remedies by or with the consent of the ABL Agent (other than in connection with a refinancing as described in
Section 5.2(c)) or (B) any sale, transfer or other disposition of all or any portion of the ABL Priority Collateral (other than in connection with a refinancing as described in Section 5.2(c)), so long as such sale, transfer or other
disposition is then permitted by the ABL Documents and the Notes Documents, each of the Notes Agent, on behalf of itself, and the Notes Secured Parties agrees such sale, transfer, other disposition or release will be free and clear of the Liens on
such ABL Priority Collateral securing the Notes Obligations, and the Notes Agent’s and the Notes Secured Parties’ Liens with respect to the ABL Priority Collateral so sold, transferred, disposed or released shall terminate and be
automatically unconditionally and simultaneously released without further action. In furtherance of, and subject to, the foregoing, the Notes Agent agrees, at the Credit Parties’ expense, that it will promptly execute any and all Lien releases
or other documents reasonably requested by the ABL Agent in connection therewith. The Notes Agent hereby appoints the ABL Agent and any officer or duly authorized person of the ABL Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power of attorney in the place and stead of such Notes Agent and in the name of such Notes Agent or in the ABL Agent’s own name,
from time to time, in the ABL Agent’s sole discretion, for the purposes of carrying out the terms of this paragraph, to take any and all appropriate action and to execute and deliver any and all documents and instruments as may be necessary or
desirable to accomplish the purposes of this paragraph, including any financing statements, endorsements, assignments, releases or other documents or instruments of transfer (which appointment, being coupled with an interest, is irrevocable). All
proceeds realized from any such sale or disposition shall be applied to the ABL Obligations or the Notes Obligations in accordance with the terms of this Agreement. 

(ii)    In the event of (A) any private or public sale of all or any portion of the Notes Priority Collateral in
connection with any Exercise of Secured Creditor Remedies by or with the consent of the Notes Agent (other than in connection with a refinancing as described in Section 5.2(c)) or (B) any sale, transfer or other disposition of all or any
portion of the Notes Priority Collateral (other than in connection with a refinancing as described in Section 5.2(c)), so long as such sale, transfer or other disposition is then permitted by the Notes Documents and the ABL Documents, the ABL
Agent agrees, on behalf of itself and the ABL Secured Parties, that such sale, transfer, other disposition or release will be free and clear of the Liens on such Notes Priority Collateral securing the ABL Obligations and the ABL Agent’s and the
ABL Secured Parties’ Liens with respect to the Notes Priority Collateral so sold, transferred, disposed or released shall terminate and be automatically unconditionally and simultaneously released without further action. In furtherance of, and
subject to, the foregoing, the ABL Agent agrees, at the Credit Parties’ expense, that it will promptly execute any and all Lien releases or other documents reasonably requested by the Notes Agent in connection therewith. The ABL Agent hereby
appoints the Notes Agent and any officer or duly authorized person of the Notes Agent, with full power of substitution, as its true and lawful attorney-in-fact with full
irrevocable power of attorney in the place and stead of the ABL Agent and in the name of the ABL Agent or in the Notes Agent’s own name, from time to time, in the Notes Agent’s sole discretion, for the purposes of carrying out the terms of
this paragraph, to take any and all appropriate action and to execute and deliver any and all documents and instruments as may be necessary or desirable to accomplish the purposes of this paragraph, including any financing statements, endorsements,
assignments, releases or other documents or instruments of transfer (which appointment, being coupled with an interest, is irrevocable). All proceeds realized from any such sale or disposition shall be applied to the ABL Obligations or the Notes
Obligations in accordance with the terms of this Agreement. 

  
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 Section 2.5    No New Liens.

 (a)    Subject to Section 2.5(c), until the date upon which the Discharge of ABL Obligations shall have occurred,
no Notes Secured Party shall acquire or hold any Lien on any assets of any Credit Party securing any Notes Obligation which assets are not also subject to the Lien of the ABL Agent under the ABL Documents. Subject to Section 2.5(c), if any
Notes Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any assets of any Credit Party securing any Notes Obligation which assets are not also subject to the Lien of the ABL Agent under the ABL Documents, subject to
the Lien Priority set forth herein, then the Notes Agent (or the relevant Notes Party), shall, without the need for any further consent of any other Notes Party, the Company or any Guarantor, and notwithstanding anything to the contrary in any other
Notes Document, be deemed to also hold and have held such Lien as bailee for the benefit of the ABL Secured Parties as security for the ABL Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify the ABL Agent in
writing of the existence of such Lien. 
 (b)    Until the date upon which the Discharge of Notes Obligations shall have
occurred, no ABL Secured Party shall acquire or hold any Lien on any assets of any Credit Party securing any ABL Obligation which assets are not also subject to the Lien of each of the Notes Agent, or any other agent under any Notes Documents,
subject to the Lien Priority set herein. If any ABL Secured Party shall (nonetheless and in breach of this Agreement) acquire or hold any Lien on any assets of the Company or any Guarantor securing any ABL Obligations which assets are not also
subject to the Lien of the Notes Agent, subject to the Lien Priority set forth herein, then the ABL Agent (or the relevant ABL Secured Party) shall, without the need for any further consent of any other ABL Secured Party, the Company or any
Guarantor and notwithstanding anything to the contrary in any other ABL Document be deemed to also hold and have held such Lien as bailee for the benefit of the Notes Secured Parties as security for the Notes Obligations (subject to the Lien
Priority and other terms hereof) and shall promptly notify the Notes Agent in writing of the existence of such Lien. 

(c)    Notwithstanding anything in this Agreement to the contrary, the provisions of clauses (a) and (b) of this
Section 2.5 shall not apply to (i) any property that the relevant ABL Secured Parties or Notes Secured Parties, as applicable, have elected not to include in the Collateral securing the ABL Obligations or the Notes Obligations, as
applicable, and/or (ii) any cash or cash equivalents pledged to secure ABL Obligations consisting of reimbursement obligations in respect of letters of credit, swingline loans, Cash Management Services, and/or Bank Products. 

Section 2.6    Waiver of Marshalling. 

(a)    Until the Discharge of ABL Obligations, the Notes Agent, on behalf of itself and the applicable Notes Secured
Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may
otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law. 

(b)    Until the Discharge of Notes Obligations, the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees
not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be
available under applicable law with respect to the Notes Priority Collateral or any other similar rights a junior secured creditor may have under applicable law. 

  
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 ARTICLE 3 

ACTIONS OF THE PARTIES 

Section 3.1    Certain Actions Permitted. The Notes Agent and the ABL Agent may
make such demands or file such claims or proofs of claim in respect of the Notes Obligations or the ABL Obligations, as applicable, as are necessary to prevent the waiver or bar of such claims under applicable statutes of limitations or other
statutes, court orders, or rules of procedure at any time. 
 Section 3.2    Agent for
Perfection. The ABL Agent agrees to hold or control that part of the Control Collateral that is in its possession or control (or in the possession or control of its agents or bailees) to the extent that possession or control thereof is taken
to perfect a Lien thereon under the UCC or other applicable law, as gratuitous bailee and as a non-fiduciary agent for the Notes Agent (for the benefit of the Notes Secured Parties) (such bailment and agency
being intended, among other things, to satisfy the requirements of Sections 8-301(a)(2), 9-313(c), 9104, 9-105, 9-106, and 9-107 of the UCC), solely for the purpose of perfecting the security interest granted under the Notes Collateral Documents, as applicable, subject to the terms and
conditions of this Section 3.2. For the avoidance of doubt, the ABL Agent and Notes Agent acknowledge and agree that, as of the date hereof, the ABL Agent has certain stock certificates and transfer powers in its possession that cannot be
delivered to the Notes Agent because of the COVID-19 pandemic, which the ABL Agent shall continue to hold in its possession as gratuitous bailee and as a non-fiduciary
agent for the Notes Agent and shall deliver to the Notes Agent when the ABL Agent determines that it can safely access such certificates and transfer powers. The Notes Agent agrees to hold or control that part of the Control Collateral that is in
its possession or control (or in the possession or control of its agents or bailees) to the extent that possession or control thereof is taken to perfect a Lien thereon under the UCC or other applicable law, as gratuitous bailee and as a non-fiduciary agent for the ABL Agent (for the benefit of the ABL Secured Parties) (such bailment and agency being intended, among other things, to satisfy the requirements of Sections
8-301(a)(2), 9-313(c), 9104, 9-105, 9-106, and
9-107 of the UCC), solely for the purpose of perfecting the security interest granted under the ABL Collateral Documents subject to the terms and conditions of this Section 3.2. The ABL Agent hereby
appoints the Notes Agent as its gratuitous bailee for the purposes of perfecting the security interest granted under the ABL Collateral Documents in all Control Collateral in which such Notes Agent has a perfected security interest under the UCC.
The Notes Agent hereby appoints the ABL Agent as its gratuitous bailee for the purposes of perfecting the security interest granted under the Notes Collateral Documents in all Control Collateral in which such ABL Agent has a perfected security
interest under the UCC. Each of the ABL Agent and the Notes Agent hereby accepts such appointments pursuant to this Section 3.2 and acknowledges and agrees that it shall act for the benefit of the other Secured Parties with respect to any
Control Collateral and that any proceeds received by such ABL Agent or such Notes Agent, as the case may be, under any Control Collateral shall be applied in accordance with Section 2. In furtherance of the foregoing, each Credit Party hereby
grants a security interest in the Control Collateral to (x) the ABL Agent for the benefit of the ABL Secured Parties and the Notes Secured Parties and (y) the Notes Agent for the benefit of the Notes Secured Parties and the ABL Secured
Parties. Unless and until the Discharge of ABL Obligations has occurred, the Notes Agent agrees to promptly notify the ABL Agent of any Control Collateral constituting ABL Priority Collateral held by it or actually known by it to be held by any
other Notes Secured Parties, and, immediately upon the request of the ABL Agent at any time prior to the Discharge of ABL Obligations, the Notes Agent agrees to deliver to the ABL Agent any such Control Collateral held by it or by any Notes Secured
Parties, together with any necessary endorsements (or otherwise allow the ABL Agent to obtain control of such Control Collateral). Unless and until the Discharge of Notes Obligations has occurred, the ABL Agent agrees to promptly notify the Notes
Agent of any Control Collateral constituting Notes Priority Collateral held by it or actually known by it to be held by any other ABL Secured Parties, and, immediately upon the request of the Notes Agent at any time prior to the Discharge of Notes
Obligations, such ABL Agent agrees to deliver to the Notes Agent any such Control Collateral held by it or by any ABL Obligations, together with any necessary endorsements (or otherwise allow the Notes Agent to obtain control of such Control
Collateral). 

  
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 The duties or responsibilities of the ABL Agent and the Notes Agent under this
Section 3.2 are and shall be limited solely to holding or maintaining control of the Control Collateral as agent for the other Party for purposes of perfecting the Lien held by the Notes Agent or the ABL Agent, as applicable. The ABL Agent is
not and shall not be deemed to be a fiduciary of any kind for the Notes Agent, the Notes Secured Parties, or any other Person. The Notes Agent is not and shall not be deemed to be a fiduciary of any kind for the ABL Agent, the ABL Secured Parties,
or any other Person. In the event that (a) the Notes Agent or any Notes Secured Party receives any Collateral or Proceeds of the Collateral in violation of the terms of this Agreement, or (b) the ABL Agent or any ABL Secured Party receives
any Collateral or Proceeds of the Collateral in violation of the terms of this Agreement, then such Notes Agent, such Notes Secured Party, the ABL Agent, or such ABL Secured Party, as applicable, shall promptly pay over such Proceeds or Collateral
to (i) in the case of clause (a), the ABL Agent, or (ii) in the case of clause (b), the Notes Agent, in each case, in the same form as received with any necessary endorsements, for application in accordance with the provisions of
Section 4.1 of this Agreement. 
 Section 3.3    Sharing of Information and
Access. In the event that the ABL Agent shall, in the exercise of its rights under the ABL Collateral Documents or otherwise, receive possession or control of any books and Records of any Notes Party which contain information identifying or
pertaining to the Notes Priority Collateral, the ABL Agent shall, upon request from the Notes Agent and as promptly as practicable thereafter, either make available to the Notes Agent such books and Records for inspection and duplication or provide
to the Notes Agent copies thereof. In the event that the Notes Agent shall, in the exercise of its rights under the applicable Notes Collateral Documents or otherwise, receive possession or control of any books and Records of any ABL Credit Party
which contain information identifying or pertaining to any of the ABL Priority Collateral, such Notes Agent shall, upon request from the ABL Agent and as promptly as practicable thereafter, either make available to the ABL Agent such books and
Records for inspection and duplication or provide the ABL Agent copies thereof. 

Section 3.4    Insurance. Proceeds of Collateral include insurance proceeds and,
therefore, the Lien Priority shall govern the ultimate disposition of casualty insurance proceeds. Each of the ABL Agent, and the Notes Agent shall be named as additional insured or loss payee, as applicable, with respect to all insurance policies
relating to Collateral. The ABL Agent shall have the sole and exclusive right, as against the Notes Agent, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of ABL Priority Collateral. The Notes Agent
shall have the sole and exclusive right, as against the ABL Agent, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of Notes Priority Collateral. All proceeds of such insurance shall be remitted to the
ABL Agent or the applicable Notes Agent, as the case may be, and each of the Notes Agent and ABL Agent shall cooperate (if necessary) in a reasonable manner in effecting the payment of insurance proceeds in accordance with Section 4.1 hereof.

 Section 3.5    Reserved. 

Section 3.6    Inspection Rights and Insurance. 

(a)    Without limiting any rights the ABL Agent or any other ABL Secured Party may otherwise have under applicable law or
by agreement, the ABL Agent, the ABL Secured Parties and any representatives designated by the ABL Agent may, at any time and whether or not the Notes Agent or any other Notes Secured Party has commenced and is continuing to Exercise Any Secured
Creditor Remedies (the “ABL Permitted Access Right”), (i) during normal business hours on any business day, access ABL Priority Collateral that (A) is stored or located in or on, (B) has become an accession with
respect to (within 

  
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the meaning of Section 9-335 of the UCC), or (C) has been commingled with (within the meaning of
Section 9-336 of the UCC), Notes Priority Collateral and (ii) in the event of any liquidation of the ABL Priority Collateral (or any other Exercise of Secured Creditor Remedies by the ABL Agent or
any representatives designated by the ABL Agent (including any ABL Borrower or ABL Guarantor) acting with the consent or on behalf of the ABL Agent), use the Notes Priority Collateral (including without limitation, Equipment, Fixtures, Intellectual
Property, General Intangibles) (A) in the case of Notes Priority Collateral other than Intellectual Property, until the date that is 120 days after the commencement of such liquidation of the ABL Priority Collateral or Exercise of Secured
Creditor Remedies, as the case may be (such period, the “Access Period”), and (B) in the case of Intellectual Property until the liquidation of such ABL Priority Collateral is completed,
non-exclusively, royalty free and without other costs, expenses or charges, in the case of each of (i) and (ii), (x) for the limited purposes of assembling, inspecting, copying or downloading information
stored on, taking actions to perfect its Lien on, completing a production run of inventory involving, taking possession of, moving, preparing and advertising for sale, selling, liquidating (by public auction, private sale or a “store
closing”, “going out of business” or similar sale, whether in bulk, in lots or to customers in the ordinary course of business, which sale may include augmented inventory of the same type sole in the ABL Borrowers’ and ABL
Guarantors’ business), storing or otherwise dealing with, or to Exercise Any Secured Creditor Remedies with respect to, the ABL Priority Collateral and (y) without notice to, the involvement of or interference by any Notes Secured Party or
liability to any Notes Secured Party. In the event that any ABL Secured Party has commenced and is continuing to Exercise Any Secured Creditor Remedies with respect to any ABL Priority Collateral, neither the Notes Agent nor any Notes Secured Party
may sell, assign or otherwise transfer the related Notes Priority Collateral prior to the expiration of the Access Period commencing on the date such ABL Secured Party begins to Exercise Any Secured Creditor Remedies, unless the purchaser, assignee
or transferee thereof agrees to be bound by the provisions of this Section 3.6. If any stay or other order that prohibits the ABL Agent and other ABL Secured Parties from commencing and continuing to Exercise Any Secured Creditor Remedies with
respect to ABL Priority Collateral has been entered by a court of competent jurisdiction, the Access Period shall be tolled during the pendency of any such stay or other order. The ABL Agent shall be obligated hereunder to reimburse the Notes Agent
for all ordinary course operating costs of such Notes Priority Collateral incurred after the commencement of the relevant Access Period (it being understood that operating costs shall not include insurance) to the extent (x) incurred as a
result of the exercise by the ABL Agent of its access rights and (y) actually paid by the Notes Agent or the Notes Secured Parties; provided, that the ABL Agent and the ABL Secured Parties shall not be obligated to pay any amounts to the
Notes Agent or the Notes Secured Parties (or any Person claiming by, through or under the Notes Secured Parties, including any purchaser of the Notes Priority Collateral) or to the ABL Credit Parties, for or in respect of the use by the ABL Agent
and the ABL Secured Parties of the Notes Priority Collateral except in accordance with this Section and none of the ABL Agent or the ABL Secured Parties shall be obligated to secure, protect, insure or repair any such Notes Priority Collateral
(other than for damages caused by the ABL Agent, the ABL Secured Parties or other respective employees, agents and representatives). The ABL Agent shall take proper and reasonable care under the circumstances of any Notes Priority Collateral that is
used by the ABL Agent during the Access Period and repair and replace any damage (ordinary wear-and-tear excepted) caused by the ABL Agent or its agents, representatives
or designees, and leave the Notes Priority Collateral in substantially the same condition as it was at the commencement of the occupancy, use or control by the ABL Agent or its agents, representatives or designees (ordinary wear-and-tear excepted), and the ABL Agent shall comply with all applicable laws in all material respects in connection with its use or occupancy or possession of the ABL
Priority Collateral. The ABL Agent shall indemnify and hold harmless the Notes Agent and the Notes Secured Parties for any injury or damage to Persons or property (ordinary
wear-and-tear excepted) and for any losses, claims, liabilities or expenses directly resulting from the occupancy, use or control by the ABL Agents or its agents,
representatives or designees or by the acts or omissions of Persons under its control; provided, however, that the ABL Agent and the ABL Secured Parties will not be liable for any diminution in the value of Notes Priority Collateral caused by the
absence of the ABL Priority Collateral therefrom. The ABL Agent and the Notes Agent shall cooperate and use reasonable efforts to 

  
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ensure that their activities during the Access Period as described above do not interfere materially with the activities of the other as described above, including the right of Notes Agent to
show the Notes Priority Collateral to prospective purchasers and to ready the Notes Priority Collateral for sale. 

(b)    Subject to paragraph 3.6(a) above, the Notes Agent and the other Notes Secured Parties shall use commercially
reasonable efforts to not hinder or obstruct the ABL Agent and the other ABL Secured Parties from exercising the ABL Permitted Access Right. 

(c)    Subject to the terms hereof, the Notes Agent may advertise and conduct public auctions or private sales of the
Notes Priority Collateral without notice (except as required herein or by applicable law) to, the involvement of or interference by any ABL Secured Party or liability to any ABL Secured Party. 

ARTICLE 4 

APPLICATION OF PROCEEDS 

Section 4.1    Application of Proceeds. 

(a)    Revolving Nature of ABL Obligations. Each of the Notes Agent, for and on behalf of itself, and the Notes
Secured Parties, expressly acknowledges and agrees that (i) any ABL Credit Agreement includes a revolving commitment, that in the ordinary course of business the ABL Agent and the ABL Secured Parties will apply payments and make advances
thereunder, and that no application of any Collateral or the release of any Lien by the ABL Agent upon any portion of the Collateral in connection with a permitted disposition under any ABL Credit Agreement shall constitute the Exercise of Secured
Creditor Remedies under this Agreement and (ii) the amount of the ABL Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, without affecting the provisions hereof. 

(b)    Application of Proceeds of ABL Priority Collateral. The ABL Agent and the Notes Agent hereby agree that all
ABL Priority Collateral, and all ABL Priority Proceeds thereof, received by either of them in connection with any enforcement action with respect to any Collateral (including set off and Exercise of Secured Creditor Remedies with respect to ABL
Priority Collateral) or any Insolvency Proceeding shall be applied, 
 first, to the payment of costs and expenses of the ABL Agent
in connection with such Exercise of Secured Creditor Remedies, 
 second, to the payment of the ABL Obligations in accordance with
the ABL Documents until the Discharge of ABL Obligations shall have occurred, 
 third, to the payment of the Notes Obligations, and

 fourth, the balance, if any, to the Credit Parties or to whosoever may be lawfully entitled to receive the same or as a court of
competent jurisdiction may direct. 
 (c)    Application of Proceeds of Notes Priority Collateral. The ABL Agent
and the Notes Agent hereby agree that all Notes Priority Collateral, and all Notes Priority Proceeds thereof, received by either of them in connection with any enforcement action with respect to any Collateral (including set off and Exercise of
Secured Creditor Remedies with respect to Notes Priority Collateral) or any Insolvency Proceeding shall be applied, 

  
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 first, to the payment of costs and expenses of the Notes Agent in connection with
such Exercise of Secured Creditor Remedies, 
 second, to the payment of the Notes Obligations in accordance with the Notes Documents
until the Discharge of Notes Obligations shall have occurred, 
 third, to the payment of the ABL Obligations; and 

fourth, the balance, if any, to the Credit Parties or to whosoever may be lawfully entitled to receive the same or as a court of
competent jurisdiction may direct. 
 (d)    Limited Obligation or Liability. In exercising remedies, whether as
a secured creditor or otherwise, the ABL Agent shall have no obligation or liability to the Notes Agent or to any Notes Secured Party, and no Notes Agent shall have any obligation or liability to the ABL Agent or any ABL Secured Party, regarding the
adequacy of any Proceeds or for any action or omission, save and except solely for an action or omission that breaches the express obligations undertaken by each Party under the terms of this Agreement, so long as such exercise of remedies is
conducted in a commercially reasonable manner, in accordance with mandatory provisions of applicable law and does not breach the provisions of this Agreement. 

(e)    Turnover of Collateral After Discharge. So long as neither the Discharge of ABL Obligations nor the
Discharge of Notes Obligations has occurred, whether or not any Insolvency Proceeding has been commenced by or against any Borrower or any Guarantor, any Collateral or Proceeds thereof received by any Collateral Agent or any Notes Secured Parties or
the ABL Secured Parties in connection with the exercise of any right or remedy (including set off) relating to the Collateral or otherwise received in contravention of this Agreement shall be segregated and held in trust and forthwith paid over to
the Collateral Agent with a senior lien on such Collateral for the benefit of the Notes Secured Parties or the ABL Secured Parties, as the case may be, in the same form as received, with any necessary endorsements or as a court of competent
jurisdiction may otherwise direct. Each Collateral Agent is hereby authorized by the other Collateral Agent to make any such endorsements as agent for the other Collateral Agent or any Notes Secured Parties or the ABL Secured Parties, as the case
may be. This authorization is coupled with an interest and is irrevocable until the Discharge of ABL Obligations and Discharge of Notes Obligations. Upon the Discharge of ABL Obligations, the ABL Agent shall (at the ABL Borrowers’ expense)
deliver to the Notes Agent or shall execute such documents as the Notes Agent may reasonably request (at the ABL Borrowers’ expense) to enable the Notes Agent to have control over any Cash Collateral or Control Collateral still in the ABL
Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Upon the Discharge of Notes Obligations, the Notes Agent shall (at the Notes
Issuer’s expense) deliver to the ABL Agent or shall execute such documents as the ABL Agent may reasonably request to enable the ABL Agent to have control over any Cash Collateral or Control Collateral still in the Notes Agent’s
possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. 

Section 4.2    Specific Performance. Each of the ABL Agent and the Notes Agent is
hereby authorized to demand specific performance of this Agreement, whether or not any Borrower or any Guarantor shall have complied with any of the provisions of any of the Credit Documents, at any time when the other Party shall have failed to
comply with any of the provisions of this Agreement applicable to it. Each of the ABL Agent, for and on behalf of itself and the ABL Secured Parties, and the Notes Agent, for and on behalf of itself and the Notes Secured Parties, hereby irrevocably
waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance. 

  
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 Section 4.3    Exercise of Remedies
– Set Off and Tracing of and Priorities in Proceeds. 
 (a)    The Notes Agent, for itself and on behalf of
the applicable Notes Secured Parties, agrees that prior to an issuance of an Enforcement Notice, the Exercise of Secured Creditor Remedies or the occurrence of an Insolvency Proceeding, all funds deposited in an account subject to a control
agreement in favor of the ABL Agent that constitute ABL Priority Collateral and then applied to the ABL Obligations shall be treated as ABL Priority Collateral and, unless the ABL Agent has actual knowledge to the contrary or has received a Notes
Proceeds Notice, any claim that payments made to the ABL Agent through the Deposit Accounts and Securities Accounts that are subject to such control agreements are Proceeds of or otherwise constitute Notes Priority Collateral are waived by the Notes
Agent and the Notes Secured Parties; provided that after the issuance of an Enforcement Notice, the Exercise of Secured Creditor Remedies or the occurrence of an Insolvency Proceeding, all identifiable proceeds of Notes Priority Collateral
shall be deemed Notes Priority Collateral, whether or not held in an account subject to a control agreement. 
 ARTICLE 5 

INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS 

Section 5.1    Notice of Acceptance and Other Waivers. 

(a)    All ABL Obligations at any time made or incurred by any Borrower or any Guarantor shall be deemed to have been made
or incurred in reliance upon this Agreement, and each of the Notes Agent, on behalf of itself and the Notes Secured Parties, hereby waives notice of acceptance, or proof of reliance by the ABL Agent or any ABL Secured Party of this Agreement, and
notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the ABL Obligations. All Notes Obligations at any time made or incurred by any Borrower or any
Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and the ABL Agent, on behalf of itself and the ABL Secured Parties, hereby waives notice of acceptance, or proof of reliance, by the Notes Agent or any Notes
Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the Notes Obligations. 

(b)    None of the ABL Agent, any ABL Secured Party, or any of their respective Affiliates, directors, officers,
employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Collateral or any Proceeds, or for any delay in doing so, or shall be under any obligation to sell or otherwise dispose of any Collateral or Proceeds
thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically provided in this Agreement. If the ABL Agent or any ABL Lender honors (or fails to honor) a request by any Borrower
for an extension of credit pursuant to any ABL Credit Agreement or any of the other ABL Documents, whether the ABL Agent or any ABL Lender has knowledge that the honoring of (or failure to honor) any such request would constitute a default under the
terms of any Notes Indenture, or any other Notes Document (but not a default under this Agreement) or an act, condition, or event that, with the giving of notice or the passage of time, or both, would constitute such a default, or if the ABL Agent
or any ABL Secured Party otherwise should exercise any of its contractual rights or remedies under any ABL Documents (subject to the express terms and conditions hereof), neither the ABL Agent nor any ABL Secured Party shall have any liability
whatsoever to the Notes Agent or any Notes Secured Party as a result of such action, omission, or exercise (so long as any such exercise does not breach the express terms and provisions of this Agreement). The ABL Agent and the ABL Secured Parties
shall be entitled to manage and supervise their loans and extensions of credit under any ABL Credit Agreement and any of the other ABL Documents as they may, in their sole discretion, deem appropriate, and may manage their loans and extensions of
credit without regard to any rights or interests that the Notes Agent or any of the Notes Secured Parties have in the Collateral, except as otherwise expressly set forth in this Agreement. Each of the Notes Agent, on behalf

  
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of itself and the Notes Secured Parties, agrees that neither the ABL Agent nor any ABL Secured Party shall incur any liability as a result of a sale, lease, license, application, or other
disposition of all or any portion of the Collateral or Proceeds thereof, pursuant to the ABL Documents, so long as such disposition is conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this
Agreement. 
 (c)    None of the Notes Agent, any Notes Secured Party, or any of their respective Affiliates, directors,
officers, employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Collateral or any Proceeds, or for any delay in doing so, or shall be under any obligation to sell or otherwise dispose of any Collateral or
Proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically provided in this Agreement. If the Notes Agent or any Notes Secured Party honors (or fails to honor) a
request by any Borrower for an extension of credit pursuant to any Notes Indenture, or any of the other Notes Documents, whether the Notes Agent or any Notes Secured Party has knowledge that the honoring of (or failure to honor) any such request
would constitute a default under the terms of any ABL Credit Agreement or any other ABL Document (but not a default under this Agreement) or an act, condition, or event that, with the giving of notice or the passage of time, or both, would
constitute such a default, or if the Notes Agent or any Notes Secured Party otherwise should exercise any of its contractual rights or remedies under the Notes Documents (subject to the express terms and conditions hereof), none of the Notes Agent
or any Notes Secured Party shall have any liability whatsoever to the ABL Agent or any ABL Secured Party as a result of such action, omission, or exercise (so long as any such exercise does not breach the express terms and provisions of this
Agreement). The Notes Agent and the Notes Secured Parties shall be entitled to manage and supervise their loans and extensions of credit under the Notes Documents as they may, in their sole discretion, deem appropriate, and may manage their loans
and extensions of credit without regard to any rights or interests that the ABL Agent or any ABL Secured Party has in the Collateral, except as otherwise expressly set forth in this Agreement. The ABL Agent, on behalf of itself and the ABL Secured
Parties, agrees that none of the Notes Agent or the Notes Secured Parties shall incur any liability as a result of a sale, lease, license, application, or other disposition of the Collateral or any part or Proceeds thereof, pursuant to the Notes
Documents, so long as such disposition is conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this Agreement. 

Section 5.2    Modifications to ABL Documents and Notes Documents. 

(a)    Each of the Notes Agent, on behalf of itself, and the Notes Secured Parties, hereby agrees that, without affecting
the obligations of the Notes Agent and the Notes Secured Parties hereunder, the ABL Agent and the ABL Secured Parties may, at any time and from time to time, in their sole discretion without the consent of or notice to the Notes Agent or any Notes
Secured Party, and without incurring any liability to the Notes Agent or any Notes Secured Party or impairing or releasing the subordination provided for herein, amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or
otherwise modify any of the ABL Documents (except to the extent such modification is in violation of this Agreement) in any manner whatsoever, including, without limitation, to: 

(i)    change the manner, place, time, or terms of payment or renew, alter or increase, all or any of the
ABL Obligations or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the ABL Obligations or any ABL Documents or any related documents; 

(ii)    retain or obtain a Lien on any property of any person to secure any of the ABL Obligations, and in
connection therewith to enter into any additional documents related to any ABL Credit Agreement; 

  
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 (iii)    amend, or grant any waiver, compromise, or
release with respect to, or consent to any departure from, any guaranty or other obligations of any person obligated in any manner under or in respect of the ABL Obligations; 

(iv)    release its Lien on any Collateral or other Property; 

(v)    exercise or refrain from exercising any rights against any Borrower, any Guarantor, or any other
Person; 
 (vi)    retain or obtain the primary or secondary obligation of any other Person with respect
to any of the ABL Obligations; and 
 (vii)    otherwise manage and supervise the ABL Obligations as the
ABL Agent shall deem appropriate. 
 (b)    The ABL Agent, on behalf of itself and the ABL Secured Parties, hereby
agrees that, without affecting the obligations of the ABL Agent and the ABL Secured Parties hereunder, the Notes Agent and the Notes Secured Parties may, at any time and from time to time, in their sole discretion without the consent of or notice to
the ABL Agent or any ABL Secured Party, and without incurring any liability to the ABL Agent or any ABL Secured Party or impairing or releasing the subordination provided for herein, amend, restate, supplement, replace, refinance, extend,
consolidate, restructure, or otherwise modify any of the Notes Documents (except to the extent such modification is in violation of this Agreement) in any manner whatsoever, including, without limitation, to: 

(i)    change the manner, place, time, or terms of payment or renew, alter or increase, all or any of the
Notes Obligations or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the Notes Obligations or any of the Notes Documents; 

(ii)    retain or obtain a Lien on any Property of any Person to secure any of the Notes Obligations, and
in connection therewith to enter into any additional Notes Documents; 
 (iii)    amend, or grant any
waiver, compromise, or release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the Notes Obligations; 

(iv)    release its Lien on any Collateral or other Property; 

(v)    exercise or refrain from exercising any rights against any Borrower, any Guarantor, or any other
Person; 
 (vi)    retain or obtain the primary or secondary obligation of any other Person with respect
to any of the Notes Obligations; and 
 (vii)    otherwise manage and supervise the applicable Notes
Obligations as the applicable Notes Agent shall deem appropriate. 
 (c)    The ABL Obligations and the Notes
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 required to permit the refinancing transaction under any ABL Document or any Notes Document) of the
ABL Agent, the ABL Secured Parties, Notes Agent or the Notes Secured Parties, as the case may be, all without affecting 

  
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the Lien Priorities provided for herein or the other provisions hereof, provided, however, that the holders of such refinancing Indebtedness (or an authorized agent or trustee on
their behalf) bind themselves in writing to the terms of this Agreement (it being understood and agreed that a writing substantially in the form of Annex 1 hereto shall satisfy the requirement set forth in this proviso), and any such refinancing
transaction shall be in accordance with any applicable provisions of both the ABL Documents and the Notes Documents. 

Section 5.3    Reinstatement and Continuation of Agreement. 

(a)    If the ABL Agent or any ABL Secured Party is required in any Insolvency Proceeding or otherwise to turn over or
otherwise pay to the estate of any Borrower, any Guarantor, or any other Person any payment made in satisfaction of all or any portion of the ABL Obligations (an “ABL Recovery”), then the ABL Obligations shall be reinstated
to the extent of such ABL Recovery. If this Agreement shall have been terminated prior to such ABL Recovery, this Agreement shall be reinstated in full force and effect in the event of such ABL Recovery, and such prior termination shall not
diminish, release, discharge, impair, or otherwise affect the obligations of the Parties from such date of reinstatement. In such event, all rights, interests, agreements, and obligations of the ABL Agent, the Notes Agent, the ABL Secured Parties
and the Notes Secured Parties under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or against any
Borrower or any Guarantor or any other circumstance which otherwise might constitute a defense available to, or a discharge of any Borrower or any Guarantor in respect of the ABL Obligations or the Notes Obligations. No priority or right of the ABL
Agent or any ABL Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Guarantor or by the noncompliance by any Person with the terms, provisions, or covenants of any of
the ABL Documents, regardless of any knowledge thereof which the ABL Agent or any ABL Secured Party may have. 

(b)    If the Notes Agent or any Notes Secured Party is required in any Insolvency Proceeding or otherwise to turn over or
otherwise pay to the estate of any Borrower, any Guarantor, or any other Person any payment made in satisfaction of all or any portion of the Notes Obligations (a “Notes Recovery”), then the Notes Obligations shall be
reinstated to the extent of such Notes Recovery. If this Agreement shall have been terminated prior to such Notes Recovery, this Agreement shall be reinstated in full force and effect in the event of such Notes Recovery, and such prior termination
shall not diminish, release, discharge, impair, or otherwise affect the obligations of the Parties from such date of reinstatement. In such event, all rights, interests, agreements, and obligations of the ABL Agent, the Notes Agent, the ABL Secured
Parties and the Notes Secured Parties under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or
against any Borrower or any Guarantor or any other circumstance which otherwise might constitute a defense available to, or a discharge of any Borrower or any Guarantor in respect of the ABL Obligations or the Notes Obligations. No priority or right
of the Notes Agent or any Notes Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Guarantor or by the noncompliance by any Person with the terms, provisions, or
covenants of any of the Notes Documents, regardless of any knowledge thereof which the Notes Agent or any Notes Secured Party may have. 

  
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 ARTICLE 6 

INSOLVENCY PROCEEDINGS 

Section 6.1    DIP Financing. 

(a)    If any Borrower or any Guarantor shall be subject to any Insolvency Proceeding at any time prior to the Discharge of
ABL Obligations, and the ABL Agent or the ABL Secured Parties shall seek to provide any Borrower or any Guarantor with, or consent to a third party providing, any financing under Section 364 of the Bankruptcy Code (or any comparable provision
of any other applicable Debtor Relief Law) or consent to any order for the use of cash collateral under Section 363 of the Bankruptcy Code (or any comparable provision of any other applicable Debtor Relief Law) (each, a “DIP
Financing”), with such DIP Financing to be secured by all or any portion of the Collateral (including assets that, but for the application of Section 552 of the Bankruptcy Code (or any comparable provision of any other applicable
Debtor Relief Law) would be Collateral) (it being understood that the ABL Agent and the ABL Secured Parties shall not propose any DIP Financing with respect to the Notes Priority Collateral in competition with the Notes Agent and the Notes Secured
Parties without the consent of the Notes Agent), then each of the Notes Agent, on behalf of itself and the Notes Secured Parties, agrees that it will raise no objection and will not support any objection to such DIP Financing or to the Liens
securing the same on the grounds of a failure to provide “adequate protection” for the Liens of such Notes Agent securing the Notes Obligations or on any other grounds (and will not request any adequate protection solely as a result of
such DIP Financing), so long as (i) the Notes Agent retains its Lien on the Collateral to secure the Notes Obligations (in each case, including Proceeds thereof arising after the commencement of the Insolvency Proceeding) and, as to the Notes
Priority Collateral only, such Lien has the same priority as existed prior to the commencement of the Insolvency Proceeding and any Lien on Notes Priority Collateral securing such DIP Financing is junior and subordinate to the Lien of the Notes
Agent on the Notes Priority Collateral, (ii) all Liens on ABL Priority Collateral securing any such DIP Financing shall be senior to or on a parity with the Liens of the ABL Agent and the ABL Secured Parties securing the ABL Obligations on ABL
Priority Collateral and (iii) if the ABL Agent receives an adequate protection Lien on post-petition assets of the debtor to secure the ABL Obligations, the Notes Agent also may seek to obtain an adequate protection Lien on such post-petition
assets of the debtor to secure the Notes Obligations, provided that (x) such Liens in favor of the ABL Agent and the Notes Agent shall be subject to the provisions of Section 6.1(c) hereof and (y) the foregoing provisions of
this Section 6.1(a) shall not prevent the Notes Agent and the Notes Secured Parties from objecting to any provision in any DIP Financing relating to any provision or content of a plan of reorganization. 

(b)    If any Borrower or any Guarantor shall be subject to any Insolvency Proceeding at any time prior to the Discharge
of Notes Obligations, and the Notes Agent or the Notes Secured Parties shall seek to provide any Borrower or any Guarantor with, or consent to a third party providing, any DIP Financing, with such DIP Financing to be secured by all or any portion of
the Collateral (including assets that, but for the application of Section 552 of the Bankruptcy Code (or any comparable provision of any other applicable Debtor Relief Law) would be Collateral) (it being understood that the Notes Agent and the
Notes Secured Parties shall not propose any DIP Financing with respect to the ABL Priority Collateral in competition with the ABL Agent and the ABL Secured Parties without the consent of the ABL Agent), then the ABL Agent, on behalf of itself and
the ABL Secured Parties, agrees that it will raise no objection and will not support any objection to such DIP Financing or to the Liens securing the same on the grounds of a failure to provide “adequate protection” for the Liens of the
ABL Agent securing the ABL Obligations or on any other grounds (and will not request any adequate protection solely as a result of such DIP Financing), so long as (i) the ABL Agent retains its Lien on the Collateral to secure the ABL
Obligations (in each case, including Proceeds thereof arising after the commencement of the Insolvency Proceeding) and, as to the ABL Priority Collateral only, such Lien has the same priority as existed prior to the commencement of the Insolvency
Proceeding and any Lien on ABL Priority Collateral securing such DIP Financing is junior and 

  
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subordinate to the Lien of the ABL Agent on the ABL Priority Collateral, (ii) all Liens on Notes Priority Collateral securing any such DIP Financing shall be senior to or on a parity with
the Liens of the Notes Agent and the Notes Secured Parties securing the Notes Obligations on Notes Priority Collateral and (iii) if the Notes Agent receives an adequate protection Lien on post-petition assets of the debtor to secure the Notes
Obligations, the ABL Agent also may seek to obtain an adequate protection Lien on such post-petition assets of the debtor to secure the ABL Obligations, provided that (x) such Liens in favor of the Notes Agent and the ABL Agent shall be
subject to the provisions of Section 6.1(c) hereof and (y) the foregoing provisions of this Section 6.1(b) shall not prevent the ABL Agent and the ABL Secured Parties from objecting to any provision in any DIP Financing relating to
any provision or content of a plan of reorganization. 
 (c)    All Liens granted to the ABL Agent or the Notes Agent in
any Insolvency Proceeding, whether as adequate protection or otherwise, are intended by the Parties to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions of this Agreement. 

Section 6.2    Relief From Stay. Until the Discharge of ABL Obligations has
occurred, each of the Notes Agent, on behalf of itself and the Notes Secured Parties, agrees not to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the ABL Priority Collateral without
the ABL Agent’s express written consent. Until the Discharge of Notes Obligations has occurred, the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees not to seek relief from the automatic stay or any other stay in any
Insolvency Proceeding in respect of any portion of the Notes Priority Collateral without the Notes Agent’s express written consent. 

Section 6.3    No Contest. Each of the Notes Agent, on behalf of itself and the
Notes Secured Parties, agrees that, prior to the Discharge of ABL Obligations, none of them shall contest (or support any other Person contesting) (a) any request by the ABL Agent or any ABL Secured Party for adequate protection of its interest
in the Collateral (unless in contravention of Section 6.1(b) above or unless such adequate protection would come in the form of cash payments from the proceeds of Notes Priority Collateral), or (b) any objection by the ABL Agent or any ABL
Secured Party to any motion, relief, action, or proceeding based on a claim by the ABL Agent or any ABL Secured Party that its interests in the Collateral (unless in contravention of Section 6.1(b) above) are not adequately protected (or any
other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to the ABL Agent as adequate protection of its interests are subject to this Agreement. The ABL Agent, on behalf of itself and the ABL Secured
Parties, agrees that, prior to the Discharge of Notes Obligations, none of them shall contest (or support any other Person contesting) (i) any request by the Notes Agent or any Notes Secured Party for adequate protection of its interest in the
Collateral (unless in contravention of Section 6.1(a) above or unless such adequate protection would come in the form of cash payments from the proceeds of ABL Priority Collateral), or (ii) any objection by the Notes Agent or any Notes
Secured Party to any motion, relief, action or proceeding based on a claim by the Notes Agent or any Notes Secured Party that its interests in the Collateral (unless in contravention of Section 6.1(a) above) are not adequately protected (or any
other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to the Notes Agent as adequate protection of its interests are subject to this Agreement. 

Section 6.4    Asset Sales. Each of the Notes Agent, on behalf of itself and the
Notes Secured Parties, that it will not oppose any sale consented to by the ABL Agent of any ABL Priority Collateral pursuant to Section 363(f) of the Bankruptcy Code (or any comparable provision of any other applicable Debtor Relief Law) so
long as the proceeds of such sale are applied in accordance with this Agreement. The ABL Agent agrees, on behalf of itself and the ABL Secured Parties, that it will not oppose any sale consented to by the Notes Agent of any Notes Priority Collateral
pursuant to Section 363(f) of the Bankruptcy Code (or any comparable provision of any other applicable Debtor Relief Law) so long as the proceeds of such sale are applied in accordance with this Agreement. If such sale of Collateral includes

  
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both ABL Priority Collateral and Notes Priority Collateral and the Parties are unable after negotiating in good faith to agree on the allocation of the purchase price between the ABL Priority
Collateral and Notes Priority Collateral, either Party may apply to the court in such Insolvency Proceeding to make a determination of such allocation, and the court’s determination shall be binding upon the Parties. 

Section 6.5    Separate Grants of Security and Separate Classification. Each Notes
Secured Party, the Notes Agent, each ABL Secured Party and the ABL Agent acknowledges and agrees that (i) the grants of Liens pursuant to the ABL Security Documents and the Term Security Documents constitute two or more separate and distinct
grants of Liens and (ii) because of, among other things, their differing rights in the Collateral, the Notes Obligations are fundamentally different from the ABL Obligations and must be separately classified in any plan of reorganization or
similar dispositive restructuring plan proposed, confirmed, or adopted in an Insolvency Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the ABL Secured
Parties and the Notes Secured Parties in respect of the Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then the ABL Secured Parties and the Notes Secured Parties hereby acknowledge
and agree that all distributions from the Collateral shall be made as if there were separate classes of ABL Obligation claims and Notes Obligation claims against the Credit Parties, with the effect being that, to the extent that the aggregate value
of the ABL Priority Collateral or Notes Priority Collateral is sufficient (for this purpose ignoring all claims held by the other Secured Parties), the ABL Secured Parties or the Notes Secured Parties, respectively, shall be entitled to receive, in
addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest, fees, or expenses that is available from each
pool of Priority Collateral for each of the ABL Secured Parties and the Notes Secured Parties, respectively, before any distribution from such pool of Priority Collateral is made in respect of the claims held by the other Secured Parties, with the
other Secured Parties hereby acknowledging and agreeing to turn over to the respective other Secured Parties amounts otherwise received or receivable by them from such pool of Priority Collateral to the extent necessary to effectuate the intent of
this sentence, even if such turnover has the effect of reducing the aggregate recoveries. 

Section 6.6    Enforceability. The provisions of this Agreement are intended to be
and shall be enforceable under Section 510(a) of the Bankruptcy Code (or any comparable provision of any other applicable Debtor Relief Law). 

Section 6.7    ABL Obligations Unconditional. All rights of the ABL Agent
hereunder, and all agreements and obligations of the Notes Agent and the Credit Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 

(i)    any lack of validity or enforceability of any ABL Document; 

(ii)    any change in the time, place or manner of payment of, or in any other term of, all or any portion
of the ABL Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any ABL Document; 

(iii)    any exchange, release, voiding, avoidance or
non-perfection of any security interest in any Collateral or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing,
replacement, refunding, restatement or increase of all or any portion of the ABL Obligations or any guarantee or guaranty thereof; or 

  
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 (iv)    any other circumstances that otherwise might
constitute a defense (other than payment in full of the ABL Obligations) available to, or a discharge of, any Credit Party in respect of the ABL Obligations, or of any of the Notes Agent or any Credit Party, to the extent applicable, in respect of
this Agreement. 
 Section 6.8    Notes Obligations Unconditional. All rights of
the Notes Agent hereunder, all agreements and obligations of the ABL Agent and the Credit Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 

(i)    any lack of validity or enforceability of any Notes Document; 

(ii)    any change in the time, place or manner of payment of, or in any other term of, all or any portion
of the Notes Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Notes Document; 

(iii)    any exchange, release, voiding, avoidance or
non-perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing,
replacement, refunding, restatement or increase of all or any portion of the Notes Obligations or any guarantee or guaranty thereof; or 

(iv)    any other circumstances that otherwise might constitute a defense (other than payment in full of
the Notes Obligations) available to, or a discharge of, any Credit Party in respect of the Notes Obligations, or of any of the ABL Agent or any Credit Party, to the extent applicable, in respect of this Agreement. 

Section 6.9    Adequate Protection. Except to the extent expressly provided in
Sections 6.1 and 6.3, nothing in this Agreement shall limit the rights of the ABL Agent and the ABL Secured Parties, on the one hand, and the Notes Agent and the Notes Secured Parties, on the other hand, from seeking or requesting adequate
protection with respect to their respective interests in the applicable Collateral in any Insolvency Proceeding, including adequate protection in the form of a cash payment, periodic cash payments, cash payments of interest, additional collateral or
otherwise; provided that (a) in the event that the ABL Agent, on behalf of itself or any of the ABL Secured Parties, seeks or requests adequate protection in respect of the ABL Obligations and such adequate protection is granted in the
form of a Lien on additional or replacement collateral comprising assets of the type of assets that constitute Notes Priority Collateral, then the ABL Agent, on behalf of itself and each of the ABL Secured Parties, agrees that the Notes Agent shall
have the right to seek or request a senior Lien on such collateral as security and adequate protection for the Notes Obligations and that any Lien on such collateral securing or providing adequate protection for the ABL Obligations shall be
subordinate to the Lien on such collateral securing or providing adequate protection for the Notes Obligations and (b) in the event that either the Notes Agent, on behalf of itself or any of the Notes Secured Parties, seeks or requests adequate
protection in respect of the Notes Obligations and such adequate protection is granted in the form of a Lien on additional or replacement collateral comprising assets of the type of assets that constitute ABL Priority Collateral, then each of the
Notes Agent, on behalf of itself and each of the Notes Secured Parties, agrees that the ABL Agent shall have the right to seek or request a senior Lien on such collateral as security and adequate protection for the ABL Obligations and that any Lien
on such collateral securing or providing adequate protection for the Notes Obligations shall be subordinate to the Lien on such collateral securing or providing adequate protection for the ABL Obligations. 

  
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 Section 6.10    Plan of
Reorganization. 
 (a)    If, in any Insolvency Proceeding, debt obligations of the reorganized debtor secured by
Liens upon the Collateral are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of ABL Obligations and on account of Notes Obligations, then, to the extent the debt obligations distributed on
account of the ABL Obligations and on account of the Notes Obligations are secured by Liens upon the same Collateral, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with
like effect to the Liens securing such debt obligations. 
 (b)    Each of the ABL Secured Parties and the Notes Secured
Parties may vote on any plan of reorganization or similar dispositive restructuring plan with respect to the ABL Obligations or the Notes Obligations (as applicable); provided that none of the ABL Secured Parties or the Notes Secured Parties
shall propose, vote to accept, or otherwise support a plan of reorganization, arrangement, compromise or liquidation or similar dispositive restructuring plan, or any other document, agreement or proposal similar to the foregoing that is
inconsistent with or in contravention of the terms of this Agreement. 
 ARTICLE 7 

MISCELLANEOUS 

Section 7.1    Rights of Subrogation. The Notes Agent, on behalf of itself and the
Notes Secured Parties, agrees that no payment to the ABL Agent or any ABL Secured Party pursuant to the provisions of this Agreement shall entitle the Notes Agent or any Notes Secured Party to exercise any rights of subrogation in respect thereof
until the Discharge of ABL Obligations shall have occurred. Following the Discharge of ABL Obligations, the ABL Agent agrees to execute such documents, agreements, and instruments as the Notes Agent or any Notes Secured Party may reasonably request
to evidence the transfer by subrogation to any such Person of an interest in the ABL Obligations resulting from payments to the ABL Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements)
incurred in connection therewith by the ABL Agent are paid by the Credit Parties or such Person upon request for payment thereof. The ABL Agent, for and on behalf of itself and the ABL Secured Parties, agrees that no payment to the Notes Agent or
any Notes Secured Party pursuant to the provisions of this Agreement shall entitle the ABL Agent or any ABL Secured Party to exercise any rights of subrogation in respect thereof until the Discharge of Notes Obligations shall have occurred.
Following the Discharge of Notes Obligations, the Notes Agent agrees to execute such documents, agreements, and instruments as the ABL Agent or any ABL Secured Party may reasonably request to evidence the transfer by subrogation to any such Person
of an interest in the Notes Obligations resulting from payments to the Notes Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by the Notes Agent are paid
by the Credit Parties or such Person upon request for payment thereof. 

Section 7.2    Further Assurances. The Parties will, at the cost and expense of
the Credit Parties, and at any time and from time to time, promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that either Party may reasonably request, in order to
protect any right or interest granted or purported to be granted hereby or to enable the ABL Agent or the Notes Agent to exercise and enforce its rights and remedies hereunder; provided, however, that no Party shall be required to pay over any
payment or distribution, execute any instruments or documents, or take any other action referred to in this Section 7.2, to the extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions
of this Agreement, and in the event of a controversy or dispute, such Party may interplead any payment or distribution in any court of competent jurisdiction, without further responsibility in respect of such payment or distribution under this
Section 7.2. 

  
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 Section 7.3    Representations.
The Notes Agent represents and warrants to the ABL Agent that it has the requisite power and authority under the Notes Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of the Notes Agent and the Notes
Secured Parties that this Agreement shall be a binding obligation of the Notes Agent, enforceable against the Notes Agent, and that the terms of the Original Notes Indenture authorize the Notes Agent to execute and deliver this Agreement and bind
the Notes Secured Parties to the terms hereof. The ABL Agent represents and warrants to the Notes Agent that it has the requisite power and authority under the ABL Documents to enter into, execute, deliver, and carry out the terms of this Agreement
on behalf of itself and the ABL Secured Parties and that this Agreement shall be a binding obligation of the ABL Agent and the ABL Secured Parties, enforceable against the ABL Agent and the ABL Secured Parties in accordance with its terms. 

Section 7.4    Amendments. (a) No amendment or waiver of any provision of
this Agreement nor consent to any departure by any Party hereto shall be effective unless it is in a written agreement executed by the Notes Agent and the ABL Agent and, in the case of any amendment or waiver that would be materially adverse to any
Credit Party, the Borrower, then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

(b)    It is understood that the representative for any ABL Secured Party or Notes Secured Party, as applicable, providing
any additional ABL Obligations or Notes Obligations, as applicable, without the consent of the ABL Agent and/or any other ABL Secured Party or the Notes Agent and/or any other Notes Secured Party, may execute a joinder to this Agreement
substantially in the form attached as Annex I hereto to have additional indebtedness or other obligations (“Additional Debt”) of any of the Credit Parties become ABL Obligations or Notes Obligations, as the case may be, under
this Agreement; provided that such Additional Debt is permitted to be incurred by the ABL Documents and Notes Documents then extant, and is permitted by such agreements to be subject to the provisions of this Agreement as ABL Obligations or
Notes Obligations, as applicable. 
 (c)    In connection with the implementation of any Additional Debt, this Agreement
may be amended with the consent of (i) in the case of any Additional Debt consisting of Notes Obligations, the Controlling Notes Agent or (ii) in the case of any Additional Debt consisting of ABL Obligations, the Controlling ABL Agent, to
include such intercreditor arrangements among the Notes Secured Parties and/or the ABL Secured Parties, as applicable, governing the rights, benefits and privileges as among (A) the Notes Secured Parties in respect of any or all of the
Collateral (subject, as between the Notes Secured Parties, on the one hand, and the ABL Secured Parties, on the other hand, to the provisions of this Agreement) and (B) the ABL Secured Parties in respect of any or all of the Collateral
(subject, as between the ABL Secured Parties, on the one hand, and the Notes Secured Parties, on the other hand, to the provisions of this Agreement), including as to the application of proceeds of any Collateral, voting rights, control of any
Collateral and waivers with respect to any Collateral, in each case so long as the terms thereof do not violate or conflict with the terms of this Agreement or the Notes Documents or the ABL Documents, as applicable. 

Section 7.5    Addresses for Notices. Unless otherwise specifically provided
herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, telecopied, or sent by overnight express courier service or United States mail and shall be deemed to have been
given when delivered in person or by courier service, upon receipt of a telecopy or five (5) days after deposit in the United States mail (certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the
parties hereto (until notice of a change thereof is delivered as provided in this Section) shall be as set forth below or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties.

  
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	ABL Agent:	  	Bank of America, N.A.
		  	Attn: Andrew Cerussi
		  	100 Federal St
		  	Boston, MA, 02110
		  	Phone: (617) 434-9398
		  	Fax: (617) 310-2686
		  	E-mail: andrew.cerussi@bofa.com
		
	Notes Agent:	  	U.S. Bank National Association
		  	Attention: Global Corporate Trust
		  	Two Midtown Plaza
		  	1349 West Peachtree Street
		  	Suite 1050
		  	Atlanta, GA 30309
		  	Fax: 404.898.2467

 Section 7.6    No Waiver, Remedies. No failure on
the part of any Party to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of
any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

Section 7.7    Continuing Agreement, Transfer of Secured Obligations. This
Agreement is a continuing agreement and shall (a) subject to Section 5.3, remain in full force and effect until the Discharge of ABL Obligations and the Discharge of Notes Obligations shall have occurred, (b) be binding upon the
Parties and their successors and assigns, and (c) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Nothing herein is intended, or shall be construed to give, any other Person
any right, remedy or claim under, to or in respect of this Agreement or any Collateral. All references to any Credit Party shall include any Credit Party as
debtor-in-possession and any receiver or trustee for such Credit Party in any Insolvency Proceeding. Without limiting the generality of the foregoing clause (c), the ABL
Agent, any ABL Secured Party, the Notes Agent or any Notes Secured Party may assign or otherwise transfer all or any portion of the ABL Obligations or the Notes Obligations, as applicable, to any other Person (other than any Borrower, any Guarantor
or any Affiliate of any Borrower or any Guarantor (except as provided in any ABL Credit Agreement or the Original Notes Indenture) and any Subsidiary of any Borrower or any Guarantor), and such other Person shall thereupon become vested with all the
rights and obligations in respect thereof granted to the ABL Agent, any ABL Secured Party, the Notes Agent or any Notes Secured Party, as the case may be, herein or otherwise. The ABL Secured Parties and the Notes Secured Parties may continue, at
any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide Indebtedness to, or for the benefit of, any Credit Party on the faith hereof. 

Section 7.8    Governing Law: Entire Agreement. The validity, performance, and
enforcement of this Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. This Agreement constitutes the entire agreement and understanding among the Parties with respect to the subject matter hereof
and supersedes any prior agreements, written or oral, with respect thereto. 

Section 7.9    Counterparts. This Agreement may be executed in any number
of counterparts, and it is not necessary that the signatures of all Parties be contained on any one counterpart hereof, each counterpart will be deemed to be an original, and all together shall constitute one and the same document. Delivery
of an executed counterpart of a signature page of this Agreement by telecopy or other electronic methods shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
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 Section 7.10    No Third Party
Beneficiaries. This Agreement is solely for the benefit of the ABL Agent, ABL Secured Parties, Notes Agent and Notes Secured Parties. Except as set forth in Section 7.4, no other Person (including any Borrower, any Guarantor or any
Affiliate of any Borrower or any Guarantor, or any Subsidiary of any Borrower or any Guarantor) shall be deemed to be a third party beneficiary of this Agreement. 

Section 7.11    Headings. The headings of the articles and sections of this
Agreement are inserted for purposes of convenience only and shall not be construed to affect the meaning or construction of any of the provisions hereof. 

Section 7.12    Severability. If any of the provisions in this Agreement shall,
for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement and shall not invalidate the Lien Priority or the application of
Proceeds and other priorities set forth in this Agreement. 

Section 7.13    [Reserved]. 

Section 7.14    SUBMISSION TO JURISDICTION; JURY TRIAL WAIVER. 

(a)    EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE
JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD
AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO 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 ANY ABL SECURED PARTY OR ANY NOTES SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR
ANY ABL DOCUMENTS AGAINST ANY CREDIT PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (b)    EACH PARTY
HERETO HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND
ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY HERETO REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF
THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

  
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 (c)    EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 7.5. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

Section 7.15    Intercreditor Agreement. This Agreement is an “intercreditor
agreement” referred to in the Original ABL Credit Agreement and the Intercreditor Agreement referred to in the Original Notes Indenture. Nothing in this Agreement shall be deemed to subordinate the payment obligations due (i) to any ABL
Secured Party to the obligations due to any Notes Secured Party or (ii) to any Notes Secured Party to the obligations due to any ABL Secured Party, in each case whether before or after the occurrence of an Insolvency Proceeding, it being the
intent of the Parties that this Agreement shall effectuate a subordination of Liens but not a subordination of Indebtedness. 

Section 7.16    No Warranties or Liability. The Notes Agent, and the ABL Agent
acknowledge and agree that neither has made any representation or warranty with respect to the execution, validity, legality, completeness, collectability or enforceability of any other ABL Document or any Notes Document. Except as otherwise
provided in this Agreement, the Notes Agent, and the ABL Agent will be entitled to manage and supervise their respective extensions of credit to any Credit Party in accordance with law and their usual practices, modified from time to time as they
deem appropriate. 
 Section 7.17    Conflicts. In the event of any conflict
between the provisions of this Agreement and the provisions of any ABL Document or any Notes Document, the provisions of this Agreement shall govern. 

Section 7.18    Information Concerning Financial Condition of the Credit Parties.
The Notes Agent and the ABL Agent hereby assume responsibility for keeping themselves informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Notes
Obligations; provided that nothing in this Section 7.18 shall impose any obligation on the Notes Agent to keep itself informed of the financial condition or the risk of nonpayment beyond that which may be required by any Notes Indenture.
The Notes Agent, and the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event the Notes Agent or the ABL Agent, in its sole
discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such other party or any other party on any
subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, (b) it makes no representation as to the accuracy or completeness of any such information
and (c) the party receiving such information hereby agrees to hold harmless the other party from and against any and all losses, claims, damages, liabilities and expenses to which such receiving party may become subject arising out of or in
connection with the use of such information. 
 Section 7.19    Agent
Capacities. Except as expressly set forth herein, the ABL Agent and the Notes Agent shall not have any duties or obligations in respect of any of the Collateral, all of such duties and obligations, if any, being subject to and governed by
the applicable ABL Documents or Notes Documents, as the case may be. It is understood and agreed that (i) Bank of America is entering into this Agreement in its capacity as administrative agent and collateral agent under the Original ABL Credit
Agreement, and the provisions of the Original ABL Credit Agreement applicable to Bank of America as administrative agent and collateral agent thereunder (including its rights, privileges, immunities and indemnities) shall also apply to Bank of
America as the ABL Agent hereunder, and (ii) U.S. Bank is entering into this Agreement in its capacity as notes collateral agent under the Original Notes Indenture and the provisions of the Original Notes Indenture applicable to U.S. Bank as
collateral agent thereunder (including its rights, privileges, immunities and indemnities) shall also apply to U.S. Bank as Notes Agent hereunder. 

  
 -34- 

 Section 7.20    Additional Credit
Parties. The Company shall cause each Person that becomes a Credit Party after the date hereof to become a party to this Agreement by execution and delivery by such Person of a joinder to this Agreement substantially in the form attached as
Annex II hereto. 
 [Remainder of Page Intentionally Left Blank; Signature Pages Follow.] 

  
 -35- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered as of the date first above written. 
  

			
	BANK OF AMERICA, N.A., in its capacity as the ABL Agent
		
	By:	 	 /s/ Andrew Cerussi

	Name:	 	Andrew Cerussi
	Title:	 	Senior Vice President

 [Signature Page to Intercreditor Agreement (GameStop)] 

 
			
	U.S. BANK NATIONAL ASSOCIATION, in its capacity as the Notes Agent
		
	By:	 	 /s/ Jack Ellerin

	Name:	 	Jack Ellerin
	Title:	 	Vice President

 [Signature Page to Intercreditor Agreement (GameStop)] 

 GAMESTOP CORP. 

GAMESTOP, INC. 
 SUNRISE PUBLICATIONS, INC. 

ELBO INC. 
 EB INTERNATIONAL HOLDINGS, INC. 

GAMESTOP TEXAS LTD. 
 GS MOBILE, INC. 

GEEKNET, INC. 
 MARKETING CONTROL SERVICES, INC.

 SOCOM LLC 
  

			
	By:	 	 /s/ James A. Bell

	Name:	 	James A. Bell
	Title:	 	Executive Vice President, Chief Financial Officer

 GME ENTERTAINMENT, LLC 
  

			
	By:	 	 /s/ James A. Bell

	Name:	 	James A. Bell
	Title:	 	Manager

 [Signature Page to Intercreditor Agreement (GameStop)] 

 ANNEX I 

ADDITIONAL DEBT JOINDER AGREEMENT 

THIS ADDITIONAL DEBT JOINDER AGREEMENT (this “Agreement”), dated as of
                         , 200    , is executed by
                                        ,
a                     , as collateral [agent][trustee] (in such capacity, the “New Representative”) in connection with that
certain Intercreditor Agreement (the “Intercreditor Agreement”), dated as of July 6, 2020 among BANK OF AMERICA, N.A., as ABL Agent, and U.S. BANK NATIONAL ASSOCIATION, as Notes Agent, each additional representative in respect
of Additional Debt from time to time party thereto and each of the other Credit Parties party thereto. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Intercreditor Agreement. 

This Agreement is being delivered in connection with the execution and delivery of that certain [●] dated as of the date hereof (as
amended, supplemented or otherwise modified from time to time, the “Additional Debt Agreement”) among [●], and the New Representative, pursuant to which [described new debt being issued] (the “Additional
Debt”), which Additional Debt shall constitute [ABL][Notes] Obligations and which holders of the Additional Debt (the “Debtholders”) shall constitute [ABL][Notes] Secured Parties, in each case, under the Intercreditor
Agreement. 
 1.    Joinder. The undersigned, [●], in its capacity as the New Representative hereby joins the Intercreditor
Agreement as additional [ABL][Notes] Agent acting for and on behalf of the Debtholders as [ABL][Notes] Secured Parties under, and as defined in, the Intercreditor Agreement for all purposes thereof on the terms set forth therein, and agrees to be
bound by the terms, conditions and provisions of the Intercreditor Agreement as fully as if the undersigned had executed and delivered the Intercreditor Agreement as of the date thereof. 

2.    Lien Sharing and Priority Confirmation. The New Representative, on behalf of itself and each Debtholder (together with the
New Representative, the “New Pari Passu Creditors”), hereby agrees, as a condition to having the obligations in respect of the Additional Debt being treated as [ABL][Notes] Obligations under the Intercreditor Agreement that: (a),
all [ABL][Notes] Obligations will be and are secured equally and ratably by all Liens on the Collateral and that all Liens granted pursuant to the [ABL][Notes] Collateral Documents will be enforceable by the Controlling [ABL][Notes] Agent for the
benefit of all [ABL][Notes] Secured Parties equally and ratably; (b) the New Representative and each other New Pari Passu Creditor confirms and agrees to be bound by the terms, conditions and provisions of the foregoing and the Intercreditor
Agreement, including, without limitation, the provisions relating to the ranking of Liens and the order of application of proceeds from the enforcement of Liens; and (c) the New Representative shall perform its obligations under the
Intercreditor Agreement. 
 3.    Authority as Agent. The New Representative represents, warrants and acknowledges that, pursuant
to the authorizations set forth in the Additional Debt Agreement, it has the authority to bind each of the New Pari Passu Creditors to the Intercreditor Agreement pursuant to the terms of this Agreement. 

4.    Counterparts. This Joinder may be executed in two or more counterparts, each of which shall constitute an original but all of
which when taken together shall constitute one contract. 
 5.    Governing Law. THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 [Signature Pages Follow] 

 IN WITNESS WHEREOF, the parties caused this Agreement to be duly executed and delivered as
of the day and year first above written. 
  

							
	Notice Address:	 		 	New Representative
			
		 		 	[●]

					
			
		 	    By:	 	  

		 	    Name:	 	
		 	    Title:	 	
		
		 	    [CREDIT PARTIES]
			
		 	    By:	 	  

		 	    Name:	 	
		 	    Title:	 	

 ANNEX II 

ADDITIONAL CREDIT PARTY JOINDER AGREEMENT 

THIS ADDITIONAL CREDIT PARTY JOINDER AGREEMENT (this “Agreement”), dated as of
                         , 200    , is executed by
                                        ,
a                      (the “New Subsidiary”) in favor of BANK OF AMERICA, N.A. (“ABL Agent”) and U.S. BANK
NATIONAL ASSOCIATION (“Notes Agent”), in their capacities as ABL Agent and Notes Agent, respectively, under that certain Intercreditor Agreement (the “Intercreditor Agreement”), dated as of July 6, 2020 among
the ABL Agent, the Notes Agent, each additional representative in respect of Additional Debt from time to time party thereto and each of the other Credit Parties party thereto. All capitalized terms used herein and not otherwise defined shall have
the meanings set forth in the Intercreditor Agreement. 
 The New Subsidiary, for the benefit of the ABL Agent and the Notes Agent, hereby
agrees as follows: 
 1.    The New Subsidiary hereby acknowledges the Intercreditor Agreement and acknowledges, agrees
and confirms that, by its execution of this Agreement, the New Subsidiary will be deemed to be a Credit Party under the Intercreditor Agreement. The New Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms,
provisions and conditions contained in the Intercreditor Agreement. 
 2.    The address of the New Subsidiary for
purposes of Section 7.5 of the Intercreditor Agreement is as follows: 
  

                       
                                  

                       
                                  

                       
                                  

3.    THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE NEW SUBSIDIARY HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 [Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the New Subsidiary has caused this Agreement to be duly executed by its
authorized officer, as of the day and year first above written. 
  

			
	[NEW SUBSIDIARY]

 
			
		
	By:	 	  

	Name:	 	  

	Title:EX-10.2

 Exhibit 10.2 

PLEDGE AND SECURITY AGREEMENT 

THIS PLEDGE AND SECURITY AGREEMENT (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to
time, this “Agreement”) dated as of July 6, 2020, by and among GAMESTOP CORP., a corporation organized under the laws of the State of Delaware having a place of business at 625 Westport Parkway, Grapevine, Texas 76051 (the
“Company”), the Subsidiary Guarantors from time to time party hereto (together with the Company, the “Grantors” and each, individually, a “Grantor”) and U.S. Bank National Association, as notes
collateral agent (in such capacity, the “Agent”), on behalf of itself and the Notes Secured Parties. 
 WITNESSETH:

 WHEREAS, the Company has issued Notes pursuant to the terms of that certain Indenture, dated as of July 6, 2020 (as it
may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Indenture”) by and among the Company, the other Grantors party thereto from time to time, U.S. Bank National Association, as
trustee (in such capacity, the “Trustee”) and the Agent; and 
 WHEREAS, the Grantors are entering into this
Agreement in order to secure the Secured Obligations owing in respect of the Notes offered and sold under the Indenture. 
 NOW,
THEREFORE, in consideration of the mutual conditions and agreements set forth in this Agreement, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby agree as follows: 

SECTION 1 

Definitions 

1.1    Generally. Unless the context otherwise requires, all capitalized terms used but not defined herein shall
have the meanings set forth in the Indenture or the Intercreditor Agreement, as applicable, and all references 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 that in another Article thereof, the term shall have the meaning set forth in Article 9, and 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. 

1.2    Definition of Certain Terms Used Herein. As used herein, the following terms shall have the following
meanings: 
 “Accessions” shall have the meaning given that term in the UCC. 

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

“Accounts” shall mean “accounts” as defined in the UCC, and also all accounts, accounts receivable, and rights to
payment (whether or not earned by performance) for: (i) property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of; (ii) services rendered or to be rendered; (iii) a policy of insurance issued or to
be issued; (iv) a secondary obligation incurred or to be incurred; or (v) arising out of the use of a credit or charge card or information contained on or used with that card. 

 “Agent’s Rights and Remedies” shall have the meaning
assigned to such term in Section 8.8 of this Agreement. 
 “Applicable Law” means as to any
Person: (a) all statutes, rules, regulations, orders, or other requirements having the force of law and (b) all court orders and injunctions, and/or similar rulings, in each instance ((a) and (b)) of or by any Governmental Authority, or
court, or tribunal which are applicable to such Person, or any property of such Person. 
 “Blue Sky Laws” shall have the
meaning assigned to such term in Section 6.1 of this Agreement. 
 “Certificated Security” shall
have the meaning given that term in the UCC. 
 “Confirmer” shall have the meaning given that term in Section 5-102 of the UCC. 
 “Chattel Paper” shall have the meaning given that term
in the UCC. 
 “Collateral” shall mean all personal property of each Grantor, including, without limitation:
(a) Accounts, (b) Chattel Paper (whether Tangible Chattel Paper or Electronic Chattel Paper), (c) Commercial Tort Claims, (d) Deposit Accounts, (e) Documents, (f) Equipment, (g) Fixtures, (h) General Intangibles (including
Payment Intangibles), (i) Goods, (j) Instruments, (k) Inventory, (l) Investment Property and Pledged Stock, (m) Letter-of-Credit Rights,
(n) Software, (o) Supporting Obligations, (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, voting rights, remedies, and privileges pertaining to any of the foregoing ((a) through (q)),
including the right of stoppage in transit, and (s) 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 in the future any
right, title or interest, and all products, Proceeds, substitutions, and Accessions of or to any of the foregoing. Notwithstanding anything to the contrary contained in this Agreement, the term “Collateral” and any component term used
therein shall not include any Excluded Property. 
 “Commercial Tort Claim” shall have the meaning given that term in the
UCC. 
 “Company” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 

“Control Agreement” shall mean an agreement, in form and substance reasonably satisfactory to the Agent, which provides for
Agent to have “control” (within the meaning of Section 9-104, 8-106 or 9-106 of the UCC, as applicable) of a
Deposit Account or Securities Account, as applicable. 
 “Copyrights” means the following: (a) all copyrights, rights
and interests in copyrights, works protectable by copyright whether published or unpublished, copyright registrations and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties, damages, claims and
payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing, including the right to settle suits involving claims and demands
for royalties owing; (d) the right to sue for past, present, and future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing. 

“Deposit Account” shall have the meaning given that term in the UCC and shall also include all demand, time, savings,
passbook, or similar accounts maintained with a bank. 

  
 2 

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

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

“Equipment” shall mean “equipment” as defined in the UCC, and also all furniture, store fixtures, rolling stock,
machinery, office equipment, plant equipment, tools, dies, molds, and other goods, property, and assets which are used and/or were purchased for use in the operation or furtherance of a Grantors’ business, and any and all Accessions or
additions thereto, and substitutions therefor, provided that Equipment shall not include motor vehicles. 
 “Financing
Statement” shall have the meaning given that term in the UCC. 
 “Fixture Filing” shall have the meaning given
that term in the UCC. 
 “Fixtures” shall have the meaning given that term in the UCC. 

“General Intangibles” shall have the meaning given that term in the UCC, and shall also include, without limitation, all:
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 methods and 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; Patents; trade secret rights, Copyrights, mask work rights and interests, and derivative works and interests; Trademarks; all other general intangible
property of any Grantor in the nature of intellectual property; 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. 
 “Goods” shall have the meaning given that term in the UCC. 

“Governmental Authority” means the government of the United States of America, any other nation or any political subdivision
thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining
to government. 
 “Grantor” shall have the meaning assigned to such term in the preliminary statement of this Agreement.

 “Indemnitee” shall have the meaning assigned to such term in Section 8.6 of this Agreement.

 “Indenture” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 

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

  
 3 

 “Inventory” shall have the meaning given that term in the UCC, and shall
also include, without limitation, all Goods which (a) are leased by a Person as lessor, (b) are held by a Person for sale or lease or to be furnished under a contract of service, (c) are furnished by a Person under a contract of
service, or (d) consist of raw materials, work in process, or materials used or consumed in a business. 
 “Investment
Property” shall have the meaning given that term in the UCC. 
 “IP Security Agreement” means a Patent, Trademark
and Copyright Security Agreement in the form attached hereto as Annex 3 or such other form to which the Agent may reasonably agree. 

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

“Joinder Agreement” means a joinder to this Agreement substantially in the form of Annex 2 hereto or such other form as shall
be approved by the Agent in its reasonable discretion. 

“Letter-of-Credit Right” shall have the
meaning given that term in the UCC and shall also mean any right to payment or performance under a letter of credit, whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance. 

“Material Adverse Effect” means a material adverse effect on (a) the business, operations, property, assets or
condition, financial or otherwise, on the Grantors, taken as a whole, (b) the ability of the Grantors to perform their payment obligations under the Notes Documents or (c) the validity or enforceability of the Notes Documents or the
material rights and remedies of the Trustee and/or the Agent thereunder. 
 “Notes Secured Parties” shall mean the Agent,
the Trustee and the holders of Secured Obligations. 
 “Patents” means the following: (a) any and all patents and
patent applications; (b) all inventions described and claimed therein; (c) all reissues, reexaminations, divisionals, continuations, renewals, extensions and continuations in part thereof; (d) all income, royalties, damages, claims,
and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements
thereof, including the right to settle suits involving claims and demands for royalties owing; and (f) all rights corresponding to any of the foregoing. 

“Payment Intangible” shall have the meaning given that term in the UCC, and shall also refer to any General Intangible under
which the Account Debtor’s primary obligation is a monetary obligation. 
 “Payment in Full” shall means (a) the
payment in full in cash of the principal of and interest on each of the Notes and all fees and other Secured Obligations (other than contingent indemnification obligations for which no claim has been made), (b) a Legal Defeasance or Covenant
Defeasance under Article 8 of the Indenture or (c) the satisfaction and discharge of the Indenture as set forth in Section 10 thereof. The term “Paid in Full” shall have a meaning correlative thereto. 

“Perfection Certificate” shall mean a certificate substantially in the form of Annex 1 hereto, completed and
supplemented with the schedules and attachments contemplated thereby, and duly executed by an Officer of the Company. 
 “Pledged
Stock” means, with respect to any Grantor, the shares of Capital Stock held by such Grantor, including Capital Stock described in Part A of Section II of the Perfection Certificate as held by such Grantor, together with any other shares of
Capital Stock as are hereafter acquired by such Grantor (other than Excluded Property). 

  
 4 

 “Proceeds” has the meaning assigned in Article 9 of the UCC and, in any
event, shall also include but not be limited to (i) any and all payments (in any form whatsoever) made or due and payable to any Grantor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of
all or any part of the Collateral by any Governmental Authority, (ii) any and all Stock Rights and (iii) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors,
managers, officers, trustees, employees, partners, agents, advisors and other representatives of such Person and such Person’s Affiliates. 

“Secured Obligations” shall mean all Obligations in respect of the Indenture and the Notes (including any Additional Notes
issued pursuant to the terms of the Indenture) and/or any obligation under any other Notes Document. 
 “Securities Act”
shall have the meaning assigned to such term in Section 6.1 of this Agreement. 
 “Securities
Intermediary” shall have the meaning given that term in the UCC. 
 “Security” shall have the meaning given that
term in the UCC. 
 “Security Interest” shall have the meaning assigned to such term in
Section 2.1 of this Agreement. 
 “Software” shall have the meaning given that term in the UCC.

 “Stock Rights” means all dividends, options, warrants, instruments or other distributions and any other right or
property which any Grantor shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Pledged Stock constituting Collateral, any right to receive any Pledged Stock
constituting Collateral and any right to receive earnings, in which such Grantor now has or hereafter acquires any right, issued by an issuer of such Pledged Stock. 

“Supporting Obligation” shall have the meaning given that term in the UCC and shall also refer to a Letter-of-Credit Right or secondary obligation that supports the payment or performance of an Account, Chattel Paper, a Document, a General Intangible, an Instrument, or
Investment Property. 
 “Trademarks” means the following: (a) all trademarks (including service marks), common law
marks, trade names, trade dress, and logos, slogans and other indicia of origin under the Applicable Law of any jurisdiction in the world, and the registrations and applications for registration thereof and the goodwill of the business symbolized by
the foregoing; (b) all renewals of the foregoing; (c) all income, royalties, damages, claims and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments for past and
future infringements thereof; (d) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and demands for royalties owing; and (e) all rights corresponding to any
of the foregoing. 
 “Tangible Chattel Paper” shall have the meaning given that term in the UCC. 

1.3    Rules of Interpretation. Unless the context otherwise requires, 

(i)    a term has the meaning assigned to it; 

(ii)    an accounting term not otherwise defined herein has the meaning assigned to it in accordance with
GAAP; 
 (iii)    “or” is not exclusive; 

  
 5 

 (iv)    words in the singular include the plural, and in
the plural include the singular; 
 (v)    all references in this instrument to designated
“Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and subdivisions of this instrument as originally executed unless otherwise specified; 

(vi)    the words “herein,” “hereof” and “hereunder” and other words of
similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; 

(vii)    “including” means “including without limitation”; 

(viii)    provisions apply to successive events and transactions; 

(ix)    references to sections of or rules under the Securities Act shall be deemed to include substitute,
replacement or successor sections or rules adopted by the Commission from time to time; 
 (x)    any
reference to any Applicable Law in this Agreement shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Applicable Law; and 

(xi) when the performance of any covenant, duty or obligation is stated to be due or required on a day which is not a Business
Day, the date of such performance shall extend to the immediately succeeding Business Day. 
 SECTION 2 

Security Interest 

2.1    Security Interest. 

(a)    As security for the payment or performance, as the case may be, in full of the Secured Obligations when due, each
Grantor hereby bargains, assigns, mortgages, pledges, hypothecates and transfers to the Agent, its successors and assigns, for the benefit of the Notes Secured Parties, and hereby grants to the Agent, its successors and assigns, for the benefit of
the Notes Secured Parties, a Lien on and security interest in, all of such Grantor’s right, title and interest in, to and under the Collateral (the “Security Interest”). 

(b)    Without limiting the foregoing, each Grantor hereby designates the Agent as such Grantor’s true and lawful
attorney, exercisable by the Agent whether or not an Event of Default exists, with full power of substitution, at the Agent’s option, to file one or more Financing Statements (including Fixture Filings), continuation statements, IP Security
Agreements, or to sign other documents for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interest granted by each Grantor, without the signature of any Grantor (each Grantor hereby appointing the 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 Agent as secured party. The Agent acknowledges that
the attachment of its Security Interest in any Commercial Tort Claim is subject to the Grantors’ compliance with Section 4.8 hereof. 

(c)    Notwithstanding anything contained in this Agreement or in any other Notes Document, (x) the Grantors shall
not be required to (i) take any action in any non-U.S. jurisdiction or any action required by the laws of any non-U.S. jurisdiction in order to create any security
interests in Collateral subject to the jurisdiction of the laws of any non-U.S. jurisdiction or to perfect any security interests nor enter into any security agreements, pledge agreements or other Security
Documents governed under the laws of any non-U.S. jurisdiction, (ii) seek any landlord lien waiver, bailee letter, estoppel, warehouseman waiver or other collateral

  
 6 

 
access or other third party consent letter or agreement, (iii) perfect any Lien with respect to Letter of Credit Rights, in each case of the foregoing clause (iii), except to the extent that
a security interest therein can be perfected by filing a UCC financing statement or (iv) take any action with respect to any Excluded Property and (y) in no event shall the Security Interest or Lien granted under this Agreement extend to
any Excluded Property 
 2.2    No Assumption of Liability. The Security Interest is granted as security only and
shall not subject the Agent or any other Notes 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. Except during the existence of an Event of Default for which
the Agent has provided notice in accordance with Section 6.1(c) hereof, the Grantors shall retain the right to vote any of the Investment Property constituting Collateral. 

SECTION 3 

Representations and Warranties 

The Grantors jointly and severally represent and warrant to the Agent and the other Notes Secured Parties on the Settlement Date that: 

3.1    Title and Authority. Each Grantor has good and valid rights in, or title to, the Collateral with respect to
which it has purported to grant a Security Interest hereunder, except for immaterial defects with respect to title. Each Grantor has full power and authority to grant to the Agent the Security Interest in such Collateral pursuant hereto and to
execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than (i) any consent or approval which has been obtained or (ii) such consents or
approvals the failure to obtain which would not be reasonably expected to have a Material Adverse Effect. 

3.2    Perfection Certificate. As of the Settlement Date, the Perfection Certificate has been duly prepared,
completed and executed, and the information set forth therein is correct and complete in all material respects. 

3.3    Validity and Priority of Security Interest. The Security Interest constitutes (a) a legal and valid
security interest in all of the Collateral securing the payment and performance of the Secured Obligations, and (b) upon the filing of appropriate financing statements with the office of the Secretary of State or other appropriate office of the
state of organization of each relevant Grantor, the filing of IP Security Agreements or other appropriate instruments or notices with the U.S. Patent and Trademark Office and the U.S. Copyright Office, the delivery to the Agent of any stock
certificate or promissory note, together with instruments of transfer executed in blank and the implementation of any deposit account control agreement or security account control agreement with respect to any deposit account or security account, a
perfected security interest in all of the Collateral to the extent that a security interest therein may be perfected by the taking of such actions. The Security Interest is and shall be prior to any other Lien on any of the Collateral, subject only
to those Liens expressly permitted pursuant to Indenture and having priority over the Security Interest by operation of Applicable Law or by the terms of the Intercreditor Agreement. 

3.4    Pledged Stock. As of the Settlement Date, (i) all Pledged Stock has been duly authorized and validly
issued (to the extent such concepts are relevant with respect to such Pledged Stock) by the Issuer thereof and is fully paid and non-assessable and (ii) each Grantor is the direct owner, beneficially and
of record, of the Pledged Stock described in Part A of Section II of the Perfection Certificate as held by such Grantor. 

  
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 SECTION 4 

Covenants 
 From the
Settlement Date, and thereafter until Payment in Full of the Secured Obligations: 
 4.1    Change of Name; Location
of Collateral; Records; Place of Business.    Each Grantor agrees to furnish to the Agent within thirty (30) days’ (or such later date (no more than 105 days following such change) to which the Agent may agree) of
the occurrence of any of the following events, written notice of (i) any change in its legal name, (ii) any change to its jurisdiction of organization or formation, (iii) any change to its type of organization, (iv) to the extent
required in connection with the perfection of the Security interest in the relevant jurisdiction, any change in its Federal Taxpayer Identification Number or organizational number, if any. In connection with any change described in the preceding
sentence, the Grantors will cooperate with the Agent and take all necessary action in making all filings under the UCC or otherwise that are required in order for the Agent to continue at all times following such change to have a valid, legal and
perfected security interest in all of the Collateral with the same priority as immediately prior to such change to the extent required by this Agreement, the Indenture and/or the Security Documents. 

4.2    Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably
necessary to defend title to the Collateral against all Persons and to defend the Security Interest of the Agent in the Collateral and the priority thereof against any Lien (other than Permitted Liens and Liens not restricted by the Indenture). 

4.3    Further Assurances. 

(a)    Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such
further instruments and documents and take all such actions the Agent may from time to time reasonably request in order to preserve, protect and perfect the Security Interest and the rights and remedies created hereby, 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 (including Fixture Filings) or other documents in connection herewith or
therewith. 
 (b)    In the event that, after the Settlement Date, there is a change in any applicable law governing the
preservation or perfection of the Security Interest in any type of Collateral with respect to which the Security Interest granted hereby is required to be perfected as of the date hereof, each Grantor agrees to take such commercially reasonable
actions within any relevant time period required under such applicable law to ensure that the Agent continues to have a perfected Security Interest in such type of Collateral (including any Collateral of such type acquired after the date of such
change in applicable law) after giving effect to such change in applicable law. 
 4.4    Permits. Each Grantor
will at all times preserve and keep in full force and effect all rights, franchises, licenses and permits material to its business except to the extent that the failure to do so would not reasonably be expected to result in a Material Adverse
Effect. 
 4.5    Taxes.    Each Grantor will pay all Taxes with respect to the Collateral;
provided, however, that no such Tax need be paid if (a) it is being contested in good faith by appropriate negotiations or proceedings or (b) failure to pay or discharge the same would not reasonably be expected, individually
or in the aggregate, to result in a Material Adverse Effect. 
 4.6    Maintenance of Properties. Each Grantor
will maintain or cause to be maintained in good repair, working order and condition, ordinary wear and tear and casualty and condemnation excepted, all property reasonably necessary to the normal conduct of business of such Grantor except as where
the failure to maintain such properties would not reasonably be expected to have a Material Adverse Effect. 

4.7    Insurance. Except where the failure to do so would not reasonably be expected to have a Material Adverse
Effect, each Grantor will (a) maintain insurance with financially sound and reputable insurers on such of its property and in at least such amounts and against at least such risks as is customary with companies in the same or similar businesses
operating in the same or similar locations, including public liability insurance against claims for personal injury or death occurring upon, in or about or in connection with the use of any 

  
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properties owned, occupied or controlled by it and (b) maintain such other insurance as may be required by law. Within 45 days after the Settlement Date (or such later date to which the
Agent may reasonably agree) (i) fire and extended coverage policies maintained with respect to any Collateral shall be endorsed or otherwise amended to include (A) a lenders’ loss payable clause which endorsements or amendments shall
provide that the insurer shall pay all proceeds otherwise payable to the Grantors under the policies directly to the Agent and (B) a provision to the effect that none of the Grantors, the Agent, or any other party shall be a coinsurer,
(ii) commercial general liability policies shall be endorsed to name the Agent as an additional insured and (iii) business interruption policies shall name the Agent as a lenders’ loss payee. To the extent available from the relevant
insurer, within 45 days after the Settlement Date (or such later date to which the Agent may reasonably agree), each such policy referred to in this paragraph also shall provide that it shall not be canceled, modified or not renewed except upon not
less than 30 days’ prior written notice thereof by the insurer to the Agent (giving the Agent the right to cure defaults in the payment of premiums). 

4.8    Commercial Tort Claims. If any Grantor shall at any time acquire a Commercial Tort Claim in excess of
$2,500,000, such Grantor shall promptly notify the Agent in writing of the details thereof and the Grantors shall take such actions as the Agent shall reasonably request in order to grant to the Agent, for the ratable benefit of the Credit Parties,
a perfected and first priority security interest therein and in the Proceeds thereof. 
 4.9    General
Intangibles. Each Grantor shall apply for, and diligently pursue applications for, registration of its ownership of the General Intangibles constituting Collateral for which registration is appropriate, and which are material to its business,
and will use such other reasonable measures as are appropriate to preserve its rights in its other General Intangibles constituting Collateral, except in each case where the failure to do so could not reasonably be expected to have a Material
Adverse Effect. 
 4.10    Investment Property. 

(a)    If any Grantor shall at any time following the Settlement Date hold or acquire any Certificated Securities (other
than treasury stock of such Grantor), such Grantor shall promptly deliver the same to the Agent, accompanied by such instruments of transfer or assignment duly executed in blank, all of which thereafter shall be held by the Agent, pursuant to the
terms of this Agreement, as part of the Collateral; provided that, with respect to the interest of any Grantor in PlayJam Holdings Limited, this Section 4.10(a) shall only apply to the extent that such Grantor
becomes aware that the value of its interest in PlayJam Holdings Limited is worth more than $2,500,000 and, in such case, such Grantors shall use commercially reasonable efforts to deliver any Certificated Securities of PlayJam Holdings Limited.

 (b) The Company and each other Grantor agree that (i) any Capital Stock owned in a corporation which is required to be pledged to
the Agent pursuant to the terms hereof shall, to the extent permitted by Applicable Law of the Issuer thereof, be represented by a certificate and shall be delivered to the Agent in accordance with Section 4.10(a) hereof
and (ii) with respect to any partnership interest or limited liability company interest owned by any Grantor which is required to be pledged to the Agent pursuant to the terms hereof (other than a partnership interest or limited liability
company interest held by a Clearing Corporation, Securities Intermediary or other financial intermediary of any kind) which is not represented by a certificate and which is not a Security for purposes of the UCC, such Grantor shall not permit any
issuer of such partnership interest or limited liability company interest to allow such partnership interest or limited liability company interest (as applicable) to become a Security unless such Grantor certificates such Security and complies with
the procedures set forth in Section 4.10(a) within the time period prescribed therein. 
 (c) The Company agrees
to use commercially reasonable efforts to ensure the ABL Agent arranges for the delivery, as soon as reasonably practicable and when it is safe to do so in light of the COVID-19 pandemic, of any Certificated
Securities, together with such instruments of transfer or assignment duly executed in blank, held in its possession on the Settlement Date as gratuitous bailee and non-fiduciary agent for the Agent pursuant to
the terms of the Intercreditor Agreement. 

  
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 (d)    So long as no Event of Default shall have occurred and be
continuing and the relevant Grantor has not received the notice required by Section 6.1(c) hereof, each Grantor shall (i) have the right to exercise all voting, consensual and other powers of ownership pertaining to
the Securities for all purposes; and the Agent shall execute and deliver or cause to be executed and delivered to such Grantor all such proxies, powers of attorney, dividend and other orders, and all such instruments, without recourse, as such
Grantor may reasonably request for the purpose of enabling such Grantor to exercise the rights and powers which it is entitled to exercise pursuant hereto, and (ii) be entitled to receive and retain any dividends or other distributions on the
Securities. 
 4.11    Electronic Chattel Paper and Transferable Records. If any Grantor at any time after the
Settlement Date holds or acquires an interest in excess of $2,500,000 in any Electronic Chattel Paper or any “transferable record” as such term is defined in the Electronic Signatures in Global and National Commerce Act, 15 U.S.C.
§7001, et. seq., or in Section 16 of the Uniform Electronic Transactions Act as in effect in any jurisdiction applicable to such Grantor, such Grantor shall promptly notify the Agent thereof and, at the request of the Agent, shall take
such action as the Agent may reasonably request to vest in the Agent control under the UCC, the Electronic Signatures in Global and National Commerce Act, or the Uniform Electronic Transactions Act, as the case may be, of such transferable record.
The Agent agrees with each Grantor that so long as no Event of Default has occurred and is continuing or would occur after taking into account the following, the Agent will arrange, pursuant to procedures reasonably satisfactory to the Agent and so
long as such procedures will not result in Agent’s loss of control under the UCC, the Electronic Signatures in Global and National Commerce Act, or the Uniform Electronic Transactions Act, as the case may be, for such Grantor to make such
necessary alterations to the Electronic Chattel Paper or transferable record as are permitted under the UCC, the Electronic Signatures in Global and National Commerce Act, or the Uniform Electronic Transactions Act, as the case may be. 

4.12    Tangible Chattel Paper, Notes and Other Instruments. If at any time on or following the Settlement Date any
amount payable in excess of $2,500,000 to any Grantor under or in connection with any of the Collateral is evidenced by any Tangible Chattel Paper, promissory note or other Instrument, such Grantor shall promptly deliver the same to the Agent,
accompanied by such instruments of transfer or assignment duly executed in blank. 
 4.13    Deposit Accounts and
Securities Accounts. Each Grantor shall maintain at all times following the date hereof all of its Deposit Accounts and Securities Accounts (other than Excluded Accounts) with a depository bank or Securities Intermediary or any other financial
institution that has entered into a Control Agreement; provided that (i) no Control Agreement shall be required for any Excluded Account, (ii) subject to the forgoing clause (i), Control Agreements required to be delivered under
this Section 4.13 with respect to Deposit Accounts and Securities Accounts existing as of the date hereof shall be promptly delivered (but in any event no later than 180 days after the Effective Date (or such later date to
which the ABL Administrative Agent may agree)) by such Grantor, (iii) Control Agreements required to be delivered under this Section 4.13 with respect to Deposit Accounts or Securities Accounts acquired or formed after
the date hereof or Deposit Accounts or Securities Accounts, which cease to constitute Excluded Accounts after the date hereof shall be delivered within thirty (30) days of such acquisition, formation or cessation (or such later date to which
the Agent may reasonably agree), (iv) no Control Agreement shall be required for any Deposit Account or Securities Account (1) to the extent the funds on deposit therein are swept on a daily basis into a Deposit Account or Securities Account
that is subject to a Control Agreement or (2) so long as the ABL Collateral Agent is acting as gratuitous bailee and non-fiduciary agent for the Agent (for benefit of the Notes Secured Parties) pursuant
to the terms of the Intercreditor Agreement; provided that, notwithstanding this clause (iv)(2), each applicable Grantor shall use its commercially reasonable efforts to have the Agent be a party to any such Control Agreement. The Agent agrees with
each Grantor that the Agent shall not give notice to any depositary under any control, blocked account or similar agreement in respect of a Deposit Account or Securities Account unless an Event of Default has occurred and is continuing. 

  
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 4.14    Assignment of Claims Act. If at any time after the
Settlement Date any Accounts of any Grantor in excess of $2,500,000 arise from contracts with the United States of America or any department, agency or instrumentality thereof, such Grantor will promptly notify the Agent, and shall execute all
assignments and take all steps reasonably requested by the Agent in order that all monies due and to become due thereunder will be assigned and paid to the Agent and notice thereof given to the federal authorities under the Assignment of Claims Act
of 1940, 41 U.S.C. §15. 
 4.15    IP Security Agreements. In the event that any Grantor files an
application for the registration of any Patent, Trademark or Copyright with the United States Patent and Trademark Office or the United States Copyright Office, or acquires any such application or registration (or any exclusive license to any
registered U.S. Copyright) by purchase or assignment, in each case, after the Settlement Date and to the extent the same constitutes Collateral (and other than as a result of an application that is then subject to an IP Security Agreement becoming
registered), it shall notify the Agent and, promptly execute and deliver to the Agent, at such Grantor’s sole cost and expense, an IP Security Agreement. 

SECTION 5 
 Power
of Attorney 
 5.1    Power of Attorney. Each Grantor irrevocably makes, constitutes and appoints the Agent
(and all officers, employees or agents designated by the Agent) as such Grantor’s true and lawful agent and attorney-in-fact, and in such capacity the 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 Agent and the other Notes 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(b) of this Agreement and (b) upon the occurrence and during the continuance of an Event of Default (i) to demand, collect, receive payment of, give
receipt for and give discharges and releases of all or any of the Collateral; (ii) 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; (iii) to sign the name of any Grantor on any notice to such Grantor’s Account Debtors; (iv) 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; (v) 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 Agent shall designate; (vi) to receive and open each Grantor’s mail, remove any Proceeds of Collateral therefrom and turn over the balance of such mail either to the Company or to any trustee in bankruptcy
or receiver of a Grantor, or other legal representative of a Grantor whom the Agent determines to be the appropriate person to whom to so turn over such mail; (vii) to commence and prosecute any and all suits, actions or proceedings at law or
in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral; (viii) to settle, compromise, compound, adjust or defend any actions, suits
or proceedings relating to all or any of the Collateral; (ix) to take all such action as may be necessary to obtain the payment of any letter of credit and/or banker’s acceptance of which any Grantor is a beneficiary; (x) 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; (xi) to use, license or transfer any or all General Intangibles of any
Grantor; (xii) 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 or any part thereof; and (xiii) to use, sell, assign, transfer,
pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Agent were the absolute
owner of the Collateral for all purposes; provided, however, that nothing herein contained shall be construed as requiring or obligating the Agent or any other Notes Secured Party to make any commitment or to make any inquiry as to the
nature or sufficiency of any payment received by the Agent or any other Notes Secured Party, or to present or file any claim or notice. It is understood and agreed that the appointment of the 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. 

  
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 5.2    No Obligation to Act. The Agent shall not be obligated to
do any of the acts or to exercise any of the powers authorized by Section 5.1, but if the 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 final determination made in a judicial proceeding (in which proceeding the
Agent has had an opportunity to be heard) in a court of competent jurisdiction which determination includes a specific finding that the subject act or omission to act had been grossly negligent, willful misconduct or in actual bad faith. The
provisions of Section 5.1 shall in no event relieve any Grantor of any of its obligations hereunder or under any other Notes Document with respect to the Collateral or any part thereof or impose any obligation on the Agent
or any other Notes Secured Party to proceed in any particular manner with respect to the Collateral or any part thereof, or in any way limit the exercise by the Agent or any other Notes Secured Party of any other or further right which it may have
on the date of this Agreement or hereafter, whether hereunder, under any other Notes Document, by law or otherwise. 
 SECTION 6

 Remedies 

6.1    Remedies upon Default. Upon the occurrence of an Event of Default, it is agreed that the 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 rights and remedies of the Agent shall include, without
limitation, the right to take any of or all the following actions at the same or different times: 
 (a)    With respect
to any Collateral consisting of Accounts, General Intangibles (including Payment Intangibles), Letter-of-Credit Rights, Instruments, Chattel Paper, Documents, and
Investment Property, the Agent may collect the Collateral with or without the taking of possession of any of the Collateral. 

(b)    With respect to any Collateral consisting of Accounts, the Agent may (i) demand, collect and receive any
amounts relating thereto, as the 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 Agent may reasonably deem appropriate; (iv) without limiting the Agent’s rights set forth in Section 5.1 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 Agent were the absolute owner thereof for all purposes. 

(c)    With respect to any Collateral consisting of Investment Property, the Agent may (i), following one
(1) Business Days’ written notice (provided, if such Event of Default is the type set forth in Section 6.01(i), (ii) (ix) or (x) of the Indenture, no advance written notice shall be required) to the applicable Grantor,
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 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 5.2 hereof; (ii) transfer such Collateral at any time to itself, or to its nominee, and receive the income thereon and hold the same as Collateral hereunder or apply it to the Obligations; and
(iii) demand, sue for, collect or make any compromise or settlement it deems desirable. The Grantors recognize that (a) the Agent may be unable to effect a public sale of all or a part of the Investment Property by

  
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reason of certain prohibitions contained in the Securities Exchange Act of 1934 (as amended and in effect, the “Securities Act”) and/or the applicable regulations promulgated by
the Securities and Exchange Commission pursuant to 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) 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) neither the Agent nor any other Credit 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) private sales made under the foregoing circumstances shall be deemed to have been made in a commercially reasonable
manner. 
 (d)    With respect to any Collateral consisting of Inventory, Goods, and Equipment, the Agent may conduct
one or more going out of business sales, in the 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 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 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 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 (other than any proceeds thereof following Payment in Full of the Secured Obligations). 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 Collateral consisting of General Intangibles, the
Agent may exercise all of the rights granted to the Agent under the IP Security Agreement. 
 (f)    With or without
legal process and with or without prior notice or demand for performance, the 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 Agent to the extent the Agent deems such exclusion reasonably necessary to preserve and protect the Collateral. The Agent shall not be required to remove any of the Collateral from any such premises upon the
Agent’s taking possession thereof, and may render any Collateral unusable to the Grantors. In no event shall the Agent be liable to any Grantor for use or occupancy by the Agent of any premises pursuant to this
Section 6.1, nor for any charge (such as wages for the Grantors’ employees and utilities) incurred in connection with the Agent’s exercise of the Agent’s Rights and Remedies (as defined herein) hereunder.

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

(h)    Each Grantor agrees that the Agent shall have the right, subject to Applicable Law, to sell or otherwise dispose of
all or any part of the Collateral, at public or private sale, for cash, upon credit or for future delivery as the 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 is perishable or threatens to decline speedily in value, or is
of a type customarily sold on a recognized market (in which event the Agent shall provide the Grantors such notice as may be practicable under the circumstances), the 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 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 Agent shall 

  
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not be obligated to make any sale or other disposition of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale or other disposition of such Collateral
shall have been given. The 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 Agent may fix and state in the notice of such sale. At any sale or other disposition, the Collateral, or portion thereof, to be sold may be sold in one lot as an
entirety or in separate parcels, as the Agent may (in its sole and absolute discretion) determine. If any of the Collateral is sold, leased, or otherwise disposed of by the Agent on credit, the Secured Obligations shall not be deemed to have been
reduced as a result thereof unless and until payment is finally received thereon by the Agent. 
 (k)    At any public
(or, to the extent permitted by Applicable Law, private) sale made pursuant to this Section 6.1, the Agent or any other Notes 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 or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to the Agent or such other Notes
Secured Party from any Grantor on account of the Secured Obligations as a credit against the purchase price, and the Agent or such other Notes 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 or any portion thereof shall be treated as a sale thereof. The 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 or any portion thereof subject
thereto, notwithstanding the fact that after the Agent shall have entered into such an agreement all Events of Default shall have been remedied and all Secured Obligations shall have been Paid in Full. 

(m)    As an alternative to exercising the power of sale herein conferred upon it, the Agent may proceed by a suit or
suits at law or in equity to foreclose upon the Collateral and to sell the 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. 

6.2    Application of Proceeds. After the occurrence of an Event of Default and acceleration of the Secured
Obligations pursuant to Section 6.10 of the Indenture, subject to the terms of the Intercreditor Agreement or any other applicable intercreditor agreement, the Agent shall apply the proceeds of any collection or sale of the
Collateral, as well as any Collateral consisting of cash, or any Collateral granted under any other of the Security Documents, in the manner set forth in Section 6.10 of the Indenture. 

6.3    Registration. If the Agent reasonably determines that it is necessary to sell any of the Pledged Stock at a
public sale, each Grantor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, such Grantor will, at any time and from time to time, upon the written request of the Agent, use its best efforts to take or to
cause the Issuer of such Pledged Stock to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Agent to permit the public sale of such Pledged Stock. Without
limiting any of its other indemnification obligations under this Agreement, each Grantor agrees to indemnify, defend and hold harmless the Agent, any underwriter and their respective officers, directors, Affiliates and controlling Persons from and
against all loss, liability, expenses, costs of counsel (including the reasonable fees and expenses of legal counsel to the Agent), and claims (including the reasonable costs of investigation) that any of them may incur insofar as such loss,
liability, expense or claim 

  
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arises out of, or is based upon, any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular,
or arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement
or omission based upon information furnished in writing to such Grantor or the Issuer of such Pledged Stock by the Agent, expressly for use therein. Each Grantor further agrees, upon such written request referred to above, to use its best efforts to
qualify, file or register, or cause the Issuer of such Pledged Stock to qualify, file or register, any of the Pledged Stock under the Securities Act, Blue Sky Laws or other securities laws of such states as may be requested by the Agent and keep
effective, or cause to be kept effective, all such qualifications, filings or registrations. The Grantor will bear all costs and expenses of carrying out their obligations under this Section 6.3. Each Grantor acknowledges
that there is no adequate remedy at law for failure by them to comply with the provisions of this Section 6.3 and that such failure would not be adequately compensable in damages, and therefore agree that their agreements
contained in this Section 6.3 may be specifically enforced. 
 SECTION 7 

Perfection of Security Interest 

7.1    Perfection by Filing. This Agreement constitutes an authenticated record, and each Grantor hereby authorizes
the Agent, pursuant to the provisions of Sections 2.1 and 5.1, to file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Collateral, in such filing offices as the Agent shall
reasonably deem appropriate, and the Grantors shall pay the 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. Each Grantor authorizes the Agent to use the collateral description “all personal property” or “all assets” or similar
phrase in any such financing statement. 
 7.2    Savings Clause. Nothing contained in this
Section 7 shall be construed to narrow the scope of the Agent’s Security Interest in any of the 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. 
 SECTION 8 

Miscellaneous 

8.1    Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be
in writing and given as provided in Section 13.01 of the Indenture. 
 8.2    Grant of Non-Exclusive License. Without limiting the rights of the Agent under the IP Security Agreement, each Grantor hereby grants to the Agent a royalty free, nonexclusive, 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 trademark, trade name, logo, or the like in which any Grantor now or hereafter has rights, such license being with respect to the
Agent’s exercise of the Agent’s Rights and Remedies hereunder including, without limitation, in connection with any completion of the manufacture of Inventory or any sale or other disposition of Inventory; provided, however,
that such licenses to be granted under this Section 8.2 with respect to trademarks shall be subject to, with respect to the goods and/or services on which such trademarks are used, the maintenance of quality standards that
are sufficient to preserve the validity of such trademarks and are consistent with past practices. 
 8.3    Security
Interest Absolute. All rights of the 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 Notes Document, any agreement with respect to any of the Secured 

  
 15 

 
Obligations or any 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 Indentures, any other Notes Document, or any other agreement or instrument, (c) any pledge, 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, (d) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of any Grantor, (e) any exercise, non-exercise or waiver of any
right, remedy, power or privilege under or in respect hereof, of the Indenture or of any other Notes Document except as specifically set forth in a waiver granted pursuant to the provisions of Section 8.8(b) hereof, or
(f) 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 a termination of any Lien contemplated by
Section 8.14 hereof or the occurrence of the Stated Maturity of the Notes). 

8.4    Survival of Agreement. All covenants, agreements, representations and warranties made by the Grantors herein
and in any other Notes Document and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Notes Document shall be considered to have been relied upon by the Agent and the other Notes Secured
Parties and shall survive the execution and delivery of this Agreement and the other Notes Documents and the issuance of any Notes, regardless of any investigation made by any such other party or on its behalf and notwithstanding that any Notes
Secured Party may have had notice or knowledge of any Default or incorrect representation or warranty at the time any Notes are issued under the Indenture, and shall continue in full force and effect until Payment in Full of the Secured Obligations,
or with respect to any individual Grantor until such Grantor is otherwise released from its obligations under this Agreement in accordance with the terms hereof. 

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 Agent and their respective successors and assigns, and shall inure to the benefit of each Grantor, the Agent and the other Notes
Secured Parties and their respective successors and 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 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. 

8.6    Agent’s Fees and Expenses; Indemnification. 

(a)     Each Grantor shall pay (i) all reasonable and documented out-of pocket
expenses incurred by the Agent (but limited, in the case of legal fees and expenses, to the actual reasonable and documented out-of-pocket fees, disbursements and other
charges of one firm of outside counsel to all such Persons taken as a whole and, if necessary, of one local counsel in any relevant jurisdiction to all such Persons, taken as a whole in connection with the Notes, the preparation, execution, delivery
and administration of the Notes Documents and any related documentation, including in connection with any amendment, modification or waiver of any provision of any Notes Document and (ii) all reasonable and documented out-of-pocket expenses incurred by the Agent (but limited, in the case of legal fees and expenses, to the actual reasonable and documented out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons taken as a whole and, if necessary, of one local counsel in any relevant jurisdiction to all such
Persons, taken as a whole) in connection with the enforcement, collection or protection of their respective rights in connection with the Notes Documents, including their respective rights under this Section, or in connection with the Notes issued
under the Indenture. Except to the extent required to be paid on the Settlement Date, all amounts due under this paragraph (a) shall be payable by the Grantors within 30 days of receipt by the Grantors of an invoice setting forth such expenses
in reasonable detail, together with backup documentation supporting the relevant reimbursement request. 

  
 16 

 (b)    Each Grantor shall indemnify the Agent and each Related Party of
the Agent (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages and liabilities (but limited, in the case of legal fees and expenses, to the actual
reasonable and documented out-of pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole and, if reasonably necessary, one local counsel in any relevant jurisdiction to
all Indemnitees, taken as a whole and solely in the case of an actual or perceived conflict of interest, (x) one additional counsel to all affected Indemnitees, taken as a whole, and (y) one additional local counsel to all affected
Indemnitees, taken as a whole), incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of the Notes Documents or any agreement or instrument contemplated thereby, the
performance by the parties hereto of their respective obligations thereunder or the consummation of the transactions contemplated by the Indenture and/or the enforcement of the Notes Documents and/or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third
party or by the Company, any other Grantor or any of their respective affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that any such loss, claim, damage, or liability (i) is determined
by a final and non-appealable judgment of a court of competent jurisdiction (or documented in any settlement agreement referred to below) to have resulted from the gross negligence, bad faith or willful
misconduct of such Indemnitee or, to the extent such judgment finds (or any such settlement agreement acknowledges) that any such loss, claim, damage, or liability has resulted from such Person’s material breach of the Notes Documents or
(ii) arises out of any claim, litigation, investigation or proceeding brought by such Indemnitee against another Indemnitee (other than any claim, litigation, investigation or proceeding that is brought by or against the Agent acting in its
capacity as the Agent) that does not involve any act or omission of the Company or any of its subsidiaries. Each Indemnitee shall be obligated to refund or return any and all amounts paid by any Grantor pursuant to this Section to such Indemnitee
for any fees, expenses, or damages to the extent such Indemnitee is not entitled to payment thereof in accordance with the terms hereof. All amounts due under this paragraph (b) shall be payable by the Company within 30 days (x) after
receipt by the Company of a written demand therefor, in the case of any indemnification obligations and (y) in the case of reimbursement of costs and expenses, after receipt by the Company of an invoice setting forth such costs and expenses in
reasonable detail, together with backup documentation supporting the relevant reimbursement request. This Section 8.6(b) shall not apply to taxes other than any taxes that represent losses, claims, damages or liabilities in
respect of a non-tax claim. 
 (c)    Any such amounts payable as provided
hereunder shall be additional Secured Obligations secured hereby and by the other Security Documents. 
 (d)    The
provisions of this Section 8.6 shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby and by the Indenture, the occurrence of any event described in the
definition of “Payment in Full”, or the termination of this Agreement, the Indenture or any provision hereof or thereof or the resignation or removal of the Agent. 

8.7    Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS AGREEMENT
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

8.8    Waivers; Amendment. 

(a)    The rights, remedies, powers, privileges, and discretions of the 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 Agent in exercising or enforcing any of the Agent’s

  
 17 

 
Rights and Remedies shall operate as, or constitute, a waiver thereof. No waiver by the 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 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 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. The Agent’s Rights and Remedies may be exercised at such time or times and in such order of preference as the 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 or any other Notes 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 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 Section 9.02 of the Indenture.

 8.9    [Reserved]. 

8.10    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. 

8.11    Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on 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, pdf or other electronic
transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 

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. 

8.13    Jurisdiction; Consent to Service of Process. Each party hereto irrevocably consents to the jurisdiction of
the courts of the State of New York and the courts of the United States of America located in the Borough of Manhattan, City and State of New York over any suit, action or proceeding with respect to this Agreement or the transactions
contemplated hereby. Each party hereto waives any objection that it may have to the venue of any suit, action or proceeding with respect to this Agreement or the transactions contemplated hereby in the courts of the State of New York or the courts
of the United States of America, in each case, located in the Borough of Manhattan, City and State of New York, or that such suit, action or proceeding brought in the courts of the State of New York or the United States of America, in each case,
located in the Borough of Manhattan, City and State of New York was brought in an inconvenient court and agrees not to plead or claim the same. Nothing in this Agreement or any other Notes Document will affect the right of any party to this
Agreement to serve process in any other manner permitted by law. 

  
 18 

 8.14    Termination; Release of Collateral. 

(a)    This Agreement shall continue until the Secured Obligations are Paid in Full, and the Liens granted hereunder shall
automatically be released in the circumstances described in Section 12.03 of the Indenture. 

(b)    In connection with any termination or release pursuant to paragraph (a) above, the Agent shall, upon the
request and at the sole cost and expense of the Grantors, assign, transfer and deliver to the Grantors, against receipt and without recourse to or warranty by the Agent, such of the Collateral to be released (in the case of a release) or all of the
Collateral (in the case of termination of this Agreement) as may be in possession of the Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Collateral, proper documents and
instruments (including UCC-3 termination statements or releases) acknowledging the termination hereof or the release of such Collateral, as the case may be, and shall take such other actions as are reasonably
necessary to effect the foregoing. 
 8.15    Intercreditor Agreements Govern. 

(a)    Notwithstanding anything herein to the contrary, the Liens and Security Interests granted to the Agent for the
benefit of the Notes Secured Parties pursuant to this Agreement, the obligations of the Notes Secured Parties pursuant hereto and the exercise of any right or remedy by the Agent with respect to any Collateral hereunder are subject to the provisions
of the Intercreditor Agreement and/or any other applicable intercreditor agreement contemplated by the Indenture. In the event of any conflict between the provisions of the Intercreditor Agreement and/or any such other intercreditor agreement and
this Agreement, the provisions of the Intercreditor Agreement or such other intercreditor agreement shall govern and control. 

(b)    Notwithstanding anything herein to the contrary, for purposes of any determination relating to the ABL Priority
Collateral as to which the Agent is granted discretion hereunder or under any other Security Document (including any determination with respect to any waiver or extension or any opportunity to request that is contemplated by any Notes Document), the
Agent shall be deemed to have agreed and accepted any determination in respect thereof by the ABL Administrative Agent. 

8.16    Additional Subsidiaries. Upon the execution and delivery by any Domestic Restricted Subsidiary of a Joinder
Agreement, such Domestic Restricted Subsidiary shall become a Grantor hereunder with the same force and effect as if such Domestic Restricted Subsidiary was originally named as a Grantor herein. The execution and delivery of any such instrument
shall not require the consent of any other Grantor or any other Person. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 

[SIGNATURE PAGES FOLLOW] 

  
 19 

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

GAMESTOP CORP. 
 GAMESTOP, INC. 

SUNRISE PUBLICATIONS, INC. 
 ELBO INC. 

EB INTERNATIONAL HOLDINGS, INC. 
 GAMESTOP TEXAS LTD.

 GS MOBILE, INC. 
 GEEKNET, INC. 

MARKETING CONTROL SERVICES, INC. 
 SOCOM LLC 

 

			
	By:	 	 /s/ James A. Bell

	Name:	 	James A. Bell
	Title:	 	Executive Vice President, Chief Financial Officer

 GME ENTERTAINMENT, LLC 
  

			
	By:	 	 /s/ James A. Bell

	Name:	 	James A. Bell
	Title:	 	Manager

							
	AGENT:	 		 	U.S. BANK NATIONAL ASSOCIATION, as Agent
				
		 		 	By:	 	 /s/ Jack Ellerin

		 		 	Name:	 	Jack Ellerin
		 		 	Title:	 	Vice President

 Perfection Certificate 

[see attached] 

 Annex 1 to 

Pledge and Security Agreement 

[FORM OF] PERFECTION CERTIFICATE 

[                    ], 2020 

In connection with that certain (i) Indenture dated as of [●], 2020 (the “Indenture”), by and among GameStop Corp.
(“Issuer”), the Subsidiary Guarantors from time to time party thereto (together with Issuer, individually, a “Company”, and collectively, the “Companies”) and U.S. Bank National Association, as
trustee and as collateral agent (in its capacity as collateral agent, the “Agent”) and (ii) Pledge and Security Agreement, dated as of [●], 2020, by and among, the Companies party thereto and the Agent (the
“Security Agreement”; capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture or the Security Agreement (as applicable)), each Company hereby certifies as
follows: 
  

	I.	 Current Information 

A.     Legal Name, Organization, Corporate Function, Jurisdiction of Organization and Organizational
Identification Number. The full and exact legal name (as it appears in its certificate or articles of organization, limited liability membership agreement, or similar organizational documents, in each case as amended to date), the type of
organization, the jurisdiction of organization and the state organizational identification number, if any, and federal taxpayer identification number of each Company are as follows: 

 

									
	 Name of Company
	  	 Type of Organization

(e.g. corporation,
 limited
liability
 company, limited

partnership)
	  	 Jurisdiction of

Organization
	  	 Organizational

Identification
 Number (if
any)
	  	 Federal Taxpayer Identification

Number

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

 B.     Chief Executive Office, Mailing Address and other Locations. The
chief executive office address and the preferred mailing address and any other location in which each Company maintains any collateral or any books and records relating thereto of each Company are as follows: 

 

							
	 Name of Company
	  	 Address of Chief Executive

Office
	  	 Mailing Address (if different)
	  	 Location where Books

and Records are Kept
 (if
different)

		  		  		  	
		  		  		  	
		  		  		  	

 C.     Changes in Names, Jurisdiction of Organization or Corporate
Structure. Except as set forth below, no Company has changed its name, jurisdiction of organization or its corporate structure in any way (e.g. by merger, consolidation, change in corporate form, change in jurisdiction of organization or
otherwise) within the past four (4) months: 
 D.     Acquisitions of Equity Interests or Assets.
Except as set forth below, no Company has acquired the controlling equity interests of another entity or substantially all the assets of another entity within the past four (4) months: 

E.     Corporate Ownership and Organizational Structure. Attached as Exhibit A hereto is a true and
correct organizational chart showing the ownership of GameStop and all of its Subsidiaries. 

	II.	 Investment Related Property 

A.     Securities. Set forth below is a list of all Equity Interests owned by the Companies, together with
the type of organization which issued such Equity Interests (e.g. corporation, limited liability company, partnership or trust): 
  

							
	 Issuer
	  	 Type of Organization
	  	 Percentage of Shares Owned
	  	 Owner

		  		  		  	
		  		  		  	
		  		  		  	

 B.     Securities Accounts. Set forth below is a list of all Securities
Accounts (as defined in the UCC) of each Company: 
 C.     Deposit Accounts. Set forth below is a list of
all Deposit Accounts (other than Excluded Accounts) of each Company: 
 D.     Instruments. Set forth
below is a list of all Instruments (as defined in the UCC) held by or payable to each Company: 
  

	III.	 Intellectual Property 

Set forth below is a list of each Company’s Copyrights, Patents and Trademarks registered with (or applied for in) the United States
Patent and the Trademark Office and United States Copyright Office (excluding, for the avoidance of doubt, any copyright, patent or trademark that has expired or been abandoned). 

 

	IV.	 Commercial Tort Claims  

The Companies currently have the following commercial tort claims with an individual value of at least $2,500,000 (as reasonably determined by GameStop): 

[SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, each of the undersigned hereto has caused this Perfection Certificate to
be executed as of the date above first written by its officer thereunto duly authorized. 
 GAMESTOP CORP, 

GAMESTOP, INC. 
 SUNRISE PUBLICATIONS, INC. 

ELBO INC. 
 EB INTERNATIONAL HOLDINGS, INC. 

GAMESTOP TEXAS LTD. 
 GS MOBILE, INC. 

GEEKNET, INC. 
 MARKETING CONTROL SERVICES, INC.

 SOCOM LLC 
  

			
	By:	 	  

	Name:	 	James A. Bell
	Title:	 	Executive Vice President, Chief Financial Officer

 GME ENTERTAINMENT, LLC 
  

			
	By:	 	  

	Name:	 	James A. Bell
	Title:	 	Manager

 EXHIBIT A 

Organizational Chart 
 [See
attached] 

 Annex 2 to 

Pledge and Security Agreement 
  

Form of Joinder Agreement 

[FORM OF] JOINDER AGREEMENT 

A.    SUPPLEMENT NO. [●] dated as of [●] (this “Joinder Agreement”), to the Pledge and
Security Agreement dated as of July 6, 2020 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”), by and among GAMESTOP CORP., a corporation organized
under the laws of the State of Delaware having a place of business at 625 Westport Parkway, Grapevine, Texas 76051 (the “Company”), the Subsidiary Guarantors from time to time party thereto (together with the Issuer, the
“Grantors” and each, individually, a “Grantor”) and U.S. Bank National Association, as collateral agent (in such capacity, the “Agent”), on behalf of itself and the Notes Secured Parties. 

B.    Reference is made to the Indenture dated as of July 6, 2020 (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Indenture”), by and among, the Company, the other Grantors from time to time party thereto, U.S. Bank National Association, as trustee, and the Agent. 

C.    Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the
Indenture or the Security Agreement, as applicable. 
 D.    The applicable Grantors have entered into the Security
Agreement in order to secure the Secured Obligations owing in respect of the Notes offered and sold under the Indenture. Section 8.16 of the Security Agreement [and Section [●] of the Indenture] provide that additional Domestic
Restricted Subsidiaries of the Company may become Grantors under the Security Agreement by executing and delivering an instrument in the form of this Joinder Agreement. [The] [Each] undersigned Domestic Restricted Subsidiary ([each, a] [the]
“New Subsidiary”) is executing this Joinder Agreement in accordance with the requirements of the Indenture to become a Grantor under the Security Agreement in order to secure the Secured Obligations. 

Accordingly, the Agent and [the] [each] New Subsidiary agree as follows: 

SECTION 1.    In accordance with Section 8.16 of the Security Agreement, [the] [each] New Subsidiary by its
signature below becomes a Subsidiary Guarantor and a Grantor under the Security Agreement with the same force and effect as if originally named therein as a Grantor, and [the] [each] New Subsidiary hereby (a) agrees to all the terms and
provisions of the Security Agreement applicable to it as a Grantor thereunder and (b) makes the representations and warranties applicable to it as a Grantor under the Security Agreement[, subject to Schedule A hereto,]
on and as of the date hereof; it being understood and agreed that any representation or warranty that expressly relates to an earlier date shall be deemed to refer to the date hereof. In furtherance of the foregoing, [the] [each] New Subsidiary, as
security for the payment and performance in full of the Secured Obligations, does hereby create and grant to the Agent, its successors and permitted assigns, for the benefit of the Secured Parties, their successors and permitted assigns, a security
interest in and Lien on all of [the] [each] New Subsidiary’s right, title and interest in and to the Collateral of [the] [each] New Subsidiary. Upon the effectiveness of this Joinder Agreement, each reference to a “Grantor” and
“Subsidiary Guarantor” in the Security Agreement shall be deemed to include [the] [each] New Subsidiary. The Security Agreement is hereby incorporated herein by reference. 

SECTION 2.    [SECTION 3. [The] [Each] New Subsidiary represents and warrants to the Agent and the other Notes
Secured Parties that 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 its terms, except as such enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally, or by general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

  
 1 

 SECTION 4.    This Joinder Agreement may be executed in
counterparts (and by different parties hereto on different 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 the
Agent shall have received a counterpart of this Joinder Agreement that bears the signature of [the] [each] New Subsidiary and the Agent has executed a counterpart hereof. Delivery of an executed signature page to this Joinder Agreement by facsimile
transmission or by email as a “.pdf” or “.tif” attachment shall be as effective as delivery of a manually signed counterpart of this Joinder Agreement. 

SECTION 5.    Attached hereto is a duly prepared, completed and executed Perfection Certificate, which includes
information with respect to [the] [each] New Subsidiary, and [the] [each] New Subsidiary hereby represents and warrants that the information set forth therein with respect to itself is true and correct in all material respects as of the date hereof.

 SECTION 6.    Except as expressly supplemented hereby, the Security Agreement shall remain in full force and
effect. 
 SECTION 7.    THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
 SECTION 8.    In case any one or more of the provisions contained in this Joinder
Agreement is invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Security Agreement shall not in any way be affected or impaired thereby (it being
understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). 

SECTION 9.    All communications and notices hereunder shall be in writing and given as provided in
Section [●] of the Indenture. 
 SECTION 10.    [The] [Each] New Subsidiary agrees to reimburse the
Agent for its expenses in connection with this Joinder Agreement, including the fees, other charges and disbursements of counsel in accordance with Section [●] of the Indenture. 

SECTION 11.    This Joinder Agreement shall constitute a Notes Document, under and as defined in, the Indenture. 

[Signature pages follow] 

  
 2 

 IN WITNESS WHEREOF, [each] [the] New Subsidiary has duly executed this Joinder Agreement as
of the day and year first above written. 
  

			
	[NAME OF NEW SUBSIDIARY]

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 3 

 Annex 2 to 

Pledge and Security Agreement 

[SCHEDULE A 
 CERTAIN
EXCEPTIONS] 

  
 4 

 Annex 3 to 

Pledge and Security Agreement 

[FORM OF] 
 PATENT, TRADEMARK AND
COPYRIGHT SECURITY AGREEMENT 
 This Patent, Trademark and Copyright Security Agreement is entered into as of [●] [●],
20[●], (this “Agreement”), by [●] ([each, a][the] “Grantor”) in favor of U.S. Bank National Association, as collateral agent (in such capacity, the “Agent”), on behalf of itself and the
Notes Secured Parties. 
 Reference is made to that certain Pledge and Security Agreement dated as of July 6, 2020 (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”), by and among GAMESTOP CORP., a corporation organized under the laws of the State of Delaware, the Subsidiary Guarantors
from time to time party thereto and the Agent on behalf of itself and the Notes Secured Parties, the parties hereto agree as follows: 

SECTION 1.    Terms. Capitalized terms used in this Agreement and not otherwise defined herein have the
meanings specified in the Security Agreement. 
 SECTION 2.    Grant of Security Interest. As security for
the prompt and complete payment or performance, as the case may be, in full of the Secured Obligations, [each][the] Grantor, pursuant to the Security Agreement, did and hereby does pledge, mortgage, transfer and grant to the Agent, its successors
and permitted assigns, on behalf of and for the ratable benefit of the Notes Secured Parties, a continuing security interest in all of its right, title or interest in, to or under all of the following assets, whether now owned or at any time
hereafter acquired by or arising in favor of [such][the] Grantor and regardless of where located (collectively, the “IP Collateral”): 

A.    all Trademarks, including the Trademark registrations and registration applications in the United States Patent and
Trademark Office listed on Schedule I hereto; 
 B.    all Patents, including the Patent
registrations and pending applications in the United States Patent and Trademark Office listed on Schedule II hereto; 

C.    all Copyrights, including the Copyright registrations and pending applications for registration in the United States
Copyright Office listed on Schedule III; and 
 D.    all proceeds of the foregoing; 

in each case to the extent the foregoing items constitute Collateral. 

SECTION 3.    Security Agreement. The security interests granted to the Agent herein are granted in
furtherance, and not in limitation of, the security interests granted to the Agent pursuant to the Security Agreement. [Each][The] Grantor hereby acknowledges and affirms that the rights and remedies of the Agent with respect to the IP Collateral
are more fully set forth in the Security Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and the Security
Agreement, the terms of the Security Agreement shall govern. 
 SECTION 4.    Governing Law. This Agreement
shall be governed by, and construed in accordance with, the laws of the State of New York. 
 [Signature Pages Follow] 

  
 1 

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

			
	[●]	 	
		
	By:	 	  

	Name:	 	[●]
	Title:	 	[●]

  
 C-2 

 SCHEDULE I 

TRADEMARKS 
  

					
	REGISTERED OWNER	 	REGISTRATION NUMBER	 	TRADEMARK
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 TRADEMARK APPLICATIONS 
  

					
	APPLICANT	 	APPLICATION NO.	 	TRADEMARK
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

  
 SCHEDULE I
TO EXHIBIT C 

 SCHEDULE II 

PATENTS 
  

					
	REGISTERED OWNER	 	SERIAL NUMBER	 	DESCRIPTION
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 PATENT APPLICATIONS 
  

					
	APPLICANT	 	APPLICATION NO.	 	DESCRIPTION
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 SCHEDULE III 

COPYRIGHTS 
  

					
	REGISTERED OWNER	 	REGISTRATION NUMBER	 	TITLE
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 COPYRIGHT APPLICATIONS 
  

					
	APPLICANT	 	APPLICATION NUMBER	 	TITLE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}]]