Amendment No. Eight to Amended and Restated Private Label Credit Card Plan Agreement dated as of April 11, 2019 between Comenity Bank and Stage Stores, Inc. and Specialty Retailers, Inc

Definitions; References. Capitalized terms not otherwise defined in this Amendment No. 8 are used herein as defined in the Agreement.

Measurement Periods and Plan Economics. Schedule 1.3(e) of the Agreement is hereby deleted and replaced in its entirety with Exhibit A hereto and Schedule 6.1 of the Agreement is hereby deleted and replaced in its entirety with Exhibit B hereto. Sections 2(a) and 2(b) of Amendment No. One are deleted in their entirety and replaced by language included in the updated Schedule 6.1 of the Agreement, which is attached hereto as Exhibit B. Section 13 of the Gordmans Amendment is deleted in its entirety.

Section 12.1 - Term and Expiration. Section 16 of the Gordmans Amendment is hereby deleted in its entirety; provided, however that the parties acknowledge and agree that the Option Grant Bonus described therein has been paid by Bank to Stage and shall not be refunded by Stage for any reason. Section 12.1 of the Agreement, as amended, is hereby deleted in its entirety and replaced with the following:

Amendment No. 8 Signing Bonus. In consideration for extending the Agreement from July 31^st, 2021 to July 31^st, 2024, within three (3) Business Days of the full execution of this Amendment No. 8, Bank shall pay to Stage an amount equal to [****], which shall be referred to herein as the “Amendment No. 8 Signing Bonus”. Bank shall pay the Amendment No. 8 Signing Bonus as set forth in 6.2 of the Agreement. If Stage properly terminates the Agreement pursuant to any express right of termination provided hereunder, Stage will not be obligated to repay any amount of the Amendment No. 8 Signing Bonus. If Bank properly terminates the Agreement between August 1, 2021 and July 31, 2024 (such period shall be referred to herein as the “Amendment No. 8 Extension Period”) pursuant to any express right of termination provided in the Agreement, Stage will be obligated to repay an amount calculated as follows: (A) [****] multiplied by (B) the quotient obtained by dividing the number of complete months remaining in the Amendment No. 8 Extension Period from the termination’s effective date by thirty-six (36). If Bank properly terminates the Agreement prior to the Amendment No. 8 Extension Period, Stage will be obligated to repay the Amendment No. 8 signing Bonus in full. For clarity, the parties acknowledge and agree that the Signing Bonus defined in Section C of Schedule 6.1, including as amended by Exhibit B hereto, has been paid in full by Bank.

Credit Card Reissue. The parties hereby agree that clause (iv) of paragraph 3 of Schedule 2.4(c) of the Agreement is amended in its entirety as follows:

Counterparts; Effectiveness. This Amendment No. 8 may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all of such counterparts shall together constitute one and the same instrument.

General. This Amendment No. 8 shall not be changed, modified or amended except in writing and signed by both of the parties hereto. Except as specifically amended in this Amendment No. 8,

A = Plan revenue assessed after waivers and adjustments (versus collected, for clarity) during the subject month, comprised of: finance charges + late fees + all other Cardholder Fees + all Ancillary Income;

B = Plan write-offs, net of all recoveries during the subject month (write-offs will be defined as total receivable write-offs, not principal write-offs); and

C = operating expenses: Billing Statements issued through any medium multiplied by the Operating Expense Amount. For Measurement Periods 1-3 (as defined in Schedule Error! Reference source not found.), the “Operating Expense Amount” charged per billing statement will be [****]. For each Measurement Period thereafter, the “Operating Expense Amount” shall be equal to the Operating Expense Amount for the immediately preceding Measurement Period adjusted based on the CPI as of the last day of the immediately preceding Measurement Period; subject to the adjustment described below. For Measurement Periods 3-12, there will be a predetermined “Paperless Statement Target,” which shall be measured as the figure equal to the total of all Billing Statements presented electronically during a period as a percentage of all Billing Statements presented during the same period. Beginning in Measurement Period 4, if in the prior Measurement Period the applicable Paperless Statement Target (defined on Schedule Error! Reference source not found.) was met, the Operating Expense Amount will be adjusted by only [****] of the CPI corresponding to the preceding Measurement Period, if there was a positive increase in the applicable CPI. By way of clarification, the adjustment will be [****] of CPI in the event that the applicable Paperless Payment Target was not met. In the event the applicable CPI is negative in any period, the cost per Billing Statement in the next Measurement Period will be reduced the full amount of the decline in CPI.

Monthly Net Portfolio Yield = (A - B- C)

For avoidance of doubt, under no circumstance will the Monthly Net Portfolio Yield calculation result in Stage making a payment to Bank.

The term “Ancillary Income” shall mean (i)(A) all amounts charged to a Cardholder with respect to the use of an Account or Card for Protection Programs and Bank Enhancement Marketing Services minus (B) only with respect to Protection Programs and Bank Enhancement Marketing Services offered indirectly by Bank through a third-party vendor, amounts retained by the third-party vendor and/or paid to the third-party vendor by Bank; plus (B) all amounts collected by Bank from third-parties (other than Cardholders) with regard to Bank Enhancement Marketing Services. Ancillary Income excludes amounts charged to a Cardholder for Purchases, amounts charged to a Cardholder for Stage Recurring Billing Programs, and any Cardholder Fees. For clarity, the Protection Programs identified on Schedule 3.11(a) of the Agreement are Protection Programs offered directly by Bank and not through a third-party vendor and accordingly, the Ancillary Income from such Protection Programs shall be calculated under subclause (i) (A) of the definition of Ancillary Income without reduction pursuant to subclause (i) (B) of the definition of Ancillary Income.

As of the Amendment No. 1 Effective Date, the term “Cardholder Fees” shall mean all fees and charges assessed by Bank to a Cardholder with respect to an Account or a Credit Card other than those charged for Protection Programs, Bank Enhancement Marketing Services, and pay-by-phone fees. Thus, by way of example, Cardholder Fees includes late fees, NSF fees, document fees and internet payment fees. For clarity, Cardholder Fees does not include amounts charged to a Cardholder for Purchases or amounts charged to Cardholder for Stage Recurring Billing Programs. By way of clarity, other than pay-by-phone fees, those fees and charges assessed by Bank to Cardholders are not excluded from the definition of Cardholder Fees or Ancillary Income because, for internal accounting purposes, Bank accounts for them as off-sets to expenses.

For purposes of this Schedule Error! Reference source not found., the term “CPI” shall mean, the annual year-end core Consumer Price Index (excluding food and energy) for the United States as published by the U.S. Bureau of Labor Statistics.