diff --git a/src/xenia/kernel/kernel_state.cc b/src/xenia/kernel/kernel_state.cc
index 68f8d00af..420fe12d6 100644
--- a/src/xenia/kernel/kernel_state.cc
+++ b/src/xenia/kernel/kernel_state.cc
@@ -303,13 +303,18 @@ object_ref<UserModule> KernelState::LoadUserModule(const char* raw_name,
       }
     }
 
+    global_lock.unlock();
+
     // Module wasn't loaded, so load it.
     module = object_ref<UserModule>(new UserModule(this, path.c_str()));
     X_STATUS status = module->LoadFromFile(path);
     if (XFAILED(status)) {
+      object_table()->RemoveHandle(module->handle());
       return nullptr;
     }
 
+    global_lock.lock();
+
     // Retain when putting into the listing.
     module->Retain();
     user_modules_.push_back(module);