Exhibit 10.7

CANADIAN INTELLECTUAL PROPERTY SECURITY AGREEMENT

This Canadian Intellectual Property Security Agreement (as amended, supplemented, restated, extended, renewed, or replaced from time to time, this “Agreement”) dated June 30, 2015, granted by Mad Catz Interactive, Inc. (“Parent”) and 1328158 Ontario Inc. (“MCC” and, together with Parent, the “Debtors” and each a “Debtor”) in favour of NewStar Business Credit, LLC, a Delaware limited liability company, as Administrative agent (together with its successors and assigns, the “Secured Party”) for the benefit of the Lenders (as defined in the security agreement referred to below).

RECITALS:

WHEREAS, pursuant to the Canadian Security Agreement, dated as of the date hereof (as amended, restated, supplemented, or otherwise modified, the “Security Agreement”), the Debtors have granted security interests in favour of the Secured Party;

AND WHEREAS, the Secured Party may wish to record this Agreement with the Canadian Intellectual Property Office (“CIPO”);

THEREFORE, for good and valuable consideration, the receipt and adequacy of which are acknowledged, the Debtors hereby agree with the Secured Party as follows:

SECTION 1. Defined Terms.  Initially capitalized terms used but not defined in this Agreement have the same meanings as in the Security Agreement.

SECTION 2. Grant of Security Interest in Intellectual Property.  As continuing security for the payment and performance of each Debtor’s respective Secured Obligations, each Debtor hereby grants to the Secured Party, for the benefit of the Lenders, a continuing, specific and fixed security interest (the “IP Security Interest”) in all such Debtor’s right, title and interest in, to and under all of the following intellectual property rights of such Debtor:

(collectively, the “IP Collateral”).

SECTION 3. Security Agreement.  The IP Security Interest is granted in conjunction with the security interests granted pursuant to the Security Agreement, and each Debtor hereby acknowledges and affirms that the rights and remedies of the Secured Party, on behalf of the Lenders, with respect to the IP Security Interest in the IP Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.

SECTION 4. Termination.  Upon termination of the commitments in respect of all Secured Obligations and full and final payment and performance of the Secured Obligations, the Secured Party shall, upon request in writing by the Debtors and at the expense of the Debtors, cancel and discharge the IP Security Interest and execute and deliver to the Debtors such documents as shall be requisite to discharge the IP Security Interest.

SECTION 5. Governing Law.  This Agreement is a contract made under and shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable in the Province of Ontario without prejudice to or limitation of any other rights or remedies available under the laws of any jurisdiction where property or assets of any Debtor may be found.

SECTION 6. Assignment.  The Secured Party may assign all of its rights and obligations under this Agreement. No Debtor shall assign this Agreement or any of its rights or obligations under this Agreement. This Agreement shall enure to the benefit of the Secured Party and its successors (including any successor by reason of amalgamation) and assigns and shall be binding on each Debtor, and its successors (including any successor by reason of amalgamation).

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IN WITNESS OF WHICH, the Debtors and Secured Party have duly executed this Agreement:

DEBTORS:

SECURED PARTY:

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SCHEDULE A

TRADE-MARKS

MAD CATZ INTERACTIVE, INC.: REGISTERED TRADEMARKS AND PENDING TRADEMARK APPLICATIONS

1328158 ONTARIO INC.: REGISTERED TRADEMARKS AND PENDING TRADEMARK APPLICATIONS

SCHEDULE B

PATENTS

MAD CATZ INTERACTIVE, INC.: ISSUED PATENTS AND PENDING PATENT APPLICATIONS

Nil.

1328158 ONTARIO INC.: ISSUED PATENTS AND PENDING PATENT APPLICATIONS

Nil.

SCHEDULE C

COPYRIGHTS

MAD CATZ INTERACTIVE, INC.: COPYRIGHT REGISTRATIONS AND PENDING COPYRIGHT APPLICATIONS

Nil.

1328158 ONTARIO INC.: COPYRIGHT REGISTRATIONS AND PENDING COPYRIGHT APPLICATIONS

Nil.