exhibit 10. 2 execution version termination letter re : luxco agreements ascena retail group, inc. 933 macarthur boulevard mahwah, new jersey 07430 attn : michael veitenheimer alter domus ( us ) llc 225 w. washington st., 9th floor chicago, il 60606 attention : legal department and hendrik van der zandt december 22, 2020 ladies and gentlemen : reference is made to that certain ( i ) conditional assignment agreement, dated as of july 23, 2020, by and between anntaylor loft gp lux s. a r. l, a private limited liability company ( societe a responsabilite limitee ) formed under the laws of luxembourg, with registered office at 14, rue edward steichen, l - 2540 luxembourg, grand duchy of luxembourg and registered with the luxembourg register of commerce and companies under number b 242. 257 ( “ luxco 1 ” ), anntaylor loft borrower lux scs, a common limited partnership ( societe en commandite simple ) formed under the laws of luxembourg, with registered office at 14, rue edward steichen, l - 2540 luxembourg, grand duchy of luxembourg and registered with the luxembourg register of commerce and companies under number b 242. 419, acting through and represented by its managing general partner ( associe gerant commandite ), the luxco 1 ( “ luxco 2 ” and together with luxco 1, the “ luxcos ” ) and alter domus ( us ) llc ( the “ agent ” and together with the luxcos, the “ parties ” and individually a “ party ” ) ( the “ conditional assignment agreement ” ), ( ii ) springing collateral agreement, dated as of july 23, 2020, by and between the parties ( the “ springing collateral agreement ” ), ( iii ) luxembourg law governed pledge agreement, dated as of july 23, 2020, by and among luxco 1 as pledgor, luxco 2 as company and agent as pledgee ( the “ pledge agreement ” ), ( iv ) trademark security agreement, dated as of july 23, 2020, by and among luxco 2 and agent ( the “ trademark security agreement ”, and together with the agreements described in ( i ) - ( iv ) above, the “ luxco agreements ” ), ( v ) payoff letter, dated as of december 22, 2020, by and among ascena, ann