Exhibit 10.6

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

This Amended and Restated Employment Agreement, dated as of September 9, 2009
(the “Agreement”), made between Dollarama L.P. and together with any permitted
assignee (collectively referred to as the “Employer”) and Stephane Gonthier (the
“Executive”).

RECITALS

WHEREAS the Employer and the Executive entered into an Executive Employment
Agreement on September 2, 2007 (the “Employment Agreement”);

WHEREAS the Executive has been and is expected to be an important contributor to
the Business (as defined below) and has and will acquire knowledge of highly
confidential information pertaining to the Business and the affairs of the
Employer;

WHEREAS the Employer wishes to continue to employ the Executive, for an
indeterminate term;

WHEREAS the Executive has experience and expertise that qualify him to continue
to provide the direction and leadership required by the Employer and its
Affiliates (as defined below);

WHEREAS the parties agree that the Employer, its Affiliates and their successors
and assigns require protection of their legitimate business interests;

WHEREAS Dollarama Capital Corporation (“DCC”) and the Executive have entered
into an Option Agreement as well as a Subscription Agreement pursuant to which
the Executive has, inter alia, signed a counterpart to the Amended and Restated
Securityholders Agreement of DCC, all of which constituted essential
considerations for the Executive’s acceptance of the Employer’s offer of
employment and for his entering into the Employment Agreement on September 2,
2007; and

WHEREAS the Executive and the Employer desire to enter into this Agreement
setting forth the terms and conditions of employment of the Executive in his
current capacity as Chief Operating Officer and the Executive wishes to accept
such continued employment.

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing premises and the mutual
promises, terms, provisions and conditions set forth in this Agreement, the
parties hereby agree:

1. Preamble. The above preamble forms an integral part of this Agreement.

2. Amended and restated Agreement. This Agreement amends, restates and replaces
in its entirety the Employment Agreement.

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3. Term. This Agreement comes into effect on the date hereof and is concluded
for an indeterminate term, unless terminated in accordance with Section 6 (the
“Term”).

4. Capacity and Performance.

(a) During the Term, the Executive shall continue to serve the Employer as its
Chief Operating Officer with such customary responsibilities, duties and
authority as may from time to time be assigned to him by the Chief Executive
Officer of the Employer (the “Chief Executive Officer”) and the Board of
Directors of the Employer (the “Board”). In addition and without further
compensation, the Executive shall continue to serve as a director and/or officer
of one or more of the Employer’s operating subsidiaries if so elected or
appointed from time to time, provided that the Employer shall provide to the
Executive at all times, and pay all of the costs of, directors’ and officers’
liability insurance coverage with respect to such service as required by
Section 5 hereof.

(b) During the Term, the Executive shall continue to be employed by the Employer
on a full-time basis and shall be responsible for store operations, supply and
logistics and human resources as well as perform such duties and
responsibilities on behalf of the Employer and its Affiliates as may be
designated from time to time by the Chief Executive Officer and the Board. The
duties to be performed by the Executive hereunder shall continue to be performed
primarily at the principal office of the Employer in the City of Montreal,
Quebec, subject to reasonable travel requirements.

(c) During the Term, the Executive shall continue to devote his full business
time and his best efforts, business judgment, skill and knowledge exclusively to
the advancement of the Business and interests of the Employer and its Affiliates
and to the discharge of his duties and responsibilities hereunder. The Executive
shall not engage in any other business activity or serve in any industry, trade,
professional, governmental or academic position during the Term, except as may
be approved by the Chief Executive Officer and the Board. The foregoing
provisions of this Section 4(c) shall not, however, preclude the Executive from
devoting a reasonable amount of time to engaging in civic, charitable or
religious activities, devoting a reasonable amount of time to private investment
activities, and/or serving as a director, officer or trustee of family-owned
companies, trusts or foundations, as well as acting as a director of a maximum
of three (3) Boards of Directors, as identified in Appendix A and amended, as
the case may be, by the Executive in accordance with this Agreement, provided in
each case that such involvement is in compliance with the provisions of
Section 9(a) hereof and does not otherwise conflict with the Executive’s
responsibilities to the Employer.

5. Compensation and Benefits. In addition to the Option Agreement and the
Subscription Agreement mentioned in the Recitals, as compensation for all
services performed by the Executive under and during the Term and subject to
performance of the Executive’s duties and of the obligations of the Executive to
the Employer and its Affiliates, pursuant to this Agreement or otherwise:

(a) Base Salary. Effective from the Employer’s fiscal year beginning on
February 1, 2009, the Employer shall pay the Executive a base salary at the rate
of $340,000 per annum, less all applicable withholdings, payable in accordance
with the payroll practices of the Employer for its executives (the “Base
Salary”) and the Executive shall be entitled to an

 

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annual merit increase to the extent that other members of senior management are
entitled to such annual merit increase, it being understood that the annual
increase may vary from an executive to another.

(b) Annual Bonus. With respect to each of the Employer’s fiscal years that
begins on or after February 1, 2009, the Executive will be eligible to receive a
bonus (the “Annual Bonus”) with a target of 75% of his Base Salary. The Annual
Bonus will be based on the achievement of targets which shall be determined by
the Board.

For greater certainty, no notice, pay in lieu of notice, statutory notice,
severance pay or any other payment whatsoever that is given or that ought to
have been given under this Agreement or any applicable law in respect of the
Executive’s termination of employment will be utilized in determining
entitlement to payment of the Annual Bonus.

(c) Other Benefits. During the Term and subject to any contribution therefor
generally required of executives of the Employer, the Executive shall be
entitled to participate in any and all employee benefit plans from time to time
in effect for executives of the Employer generally consistent with company
practices and as outlined in the Benefits Booklet. Such participation shall be
subject to the terms of the applicable plan documents and generally applicable
Employer policies. The Employer may alter, modify, add to or delete its employee
benefit plans at any time as it, in its sole judgment, determines to be
appropriate and the whole subject to applicable law. The Executive shall be
entitled to four weeks’ paid vacation and reasonable holidays and illness days
in accordance with the Employer’s policies as may be established and modified
from time to time.

(d) Short-term Disability. Subject to Section 6(b), in the event the Executive
becomes disabled during the Term through any illness, injury, accident or
condition of either a physical or psychological nature, and, as a result, is
unable to perform all his duties and responsibilities hereunder, the Employer
will pay to the Executive the equivalent of the Executive’s Base Salary for the
lesser of:

(i) a period of one hundred and eighty consecutive days; or

(ii) until terminated in accordance with Section 6(b)(i) of this Agreement,
provided that in the event where the Employer or its Affiliates then have in
effect a Long Term Disability Plan, the Executive shall be paid his Base Salary
until he is eligible to be paid long term disability benefits under the
Company’s plan.

(e) Directors’ and Officers’ Insurance. The Employer shall provide to the
Executive the benefit of at all times during the Term, and pay all of the costs
of, the directors’ and officers’ liability insurance policy or policies obtained
by the Employer, which shall cover the Executive for his service hereunder,
whether as director, and/or officer of the Employer or as director and/or
officer of any of the Employer’s Affiliates.

(f) Business Expenses. The Employer shall pay or reimburse the Executive for all
reasonable, customary and necessary business expenses incurred or paid by the
Executive in the performance of his duties and responsibilities hereunder in
accordance with the Employer’s expense reimbursement policy.

 

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6. Termination of Employment and Severance Benefits. The Executive’s employment
hereunder shall terminate under the following circumstances:

(a) Death. In the event of the Executive’s death, the Executive’s employment
hereunder shall immediately and automatically terminate. In such event, the
Employer shall pay to the Executive’s designated beneficiary or, if no
beneficiary has been designated by the Executive, to his estate, (i) the Base
Salary earned but not paid through the date of termination, and (ii) any
business expenses incurred by the Executive but not reimbursed on the date of
termination, and (iii) any bonus compensation (other than Annual Bonus with
respect to the fiscal year in which the date of termination occurs) awarded but
unpaid on the date of termination (collectively, “Final Compensation”); and
(iv) the portion of the Annual Bonus earned for the fiscal year in which the
date of termination occurs, prorated for the time of the Executive’s employment
during the relevant fiscal year (the “Prorated Bonus”), it being understood that
the Prorated Bonus will be paid following the end of the relevant fiscal year or
such other time as per the Employer’s normal practice.

(b) Disability

(i) The Employer may terminate the Executive’s employment hereunder, upon
written notice to the Executive, in the event that the Executive becomes
disabled during his employment hereunder through any illness, injury, accident
or condition of either a physical or psychological nature and, as a result, is
unable to perform substantially all of his duties and responsibilities
hereunder, with or without reasonable accommodation, for ninety (90) days during
any period of one hundred eighty (180) consecutive calendar days. In the event
of such termination, (a) if the Employer or its Affiliates then have in effect a
Long Term Disability Plan, the Employer shall have no further obligation to the
Executive, other than for payment of Final Compensation and any Prorated Bonus
and (b) if neither the Employer nor its Affiliates have in effect a Long Term
Disability Plan, the Employer shall have no further obligation to the Executive,
other than for payment of amounts described in Section 6(d).

(ii) The Board may designate another employee to act in the Executive’s place
during any period of the Executive’s disability. While receiving disability
income payments under Employer’s disability income plan, the Executive shall
continue to participate in Employer benefit plans, if any, in accordance with
the terms of such plans, until the termination of his employment.

(c) By the Employer for Cause. The Employer may terminate the Executive’s
employment hereunder immediately for Cause at any time upon written notice to
the Executive setting forth in reasonable detail the nature of such Cause.

Upon the giving of notice of termination of the Executive’s employment hereunder
for Cause, the Employer shall have no further obligation to the Executive, other
than for Final Compensation and any requirement of applicable law.

(d) By the Employer Other than for Cause. The Employer may terminate the
Executive’s employment at any time, other than for Cause, Death and Disability
by (a) paying to the Executive Final Compensation and any Prorated Bonus; and
(b) provided the

 

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Executive continues to fulfill the remainder of his contractual obligations
towards the Employer, by providing the Executive with severance pay in lieu of
notice representing the Executive’s Base Salary for twenty-four months, payable
by way of salary continuance in accordance with the Employer’s payroll practices
at the date of termination or in a lump sum payment, at the sole discretion of
the Employer.

Any obligation of the Employer to the Executive hereunder is conditional,
however, upon the Executive signing a release, reasonably acceptable to the
Employer, of any and all claims related to the employment of the Executive or
the termination thereof.

(e) By the Executive for Constructive Termination. The Executive may terminate
his employment hereunder immediately for Constructive Termination at any time
upon written notice to the Employer setting forth in reasonable detail the
nature of the Constructive Termination. In the event of such termination, the
Employer shall (i) pay the Executive’s Final Compensation and any Prorated
Bonus, and (ii) conditional upon the Executive continuing to fulfill his
contractual obligations toward the Employer, by way of salary continuance, in
accordance with the Employer’s payroll practices at the time of Constructive
Termination, the Executive’s Base Salary for twenty-four months following
termination or an amount representing twenty-four months of the Executive’s Base
Salary, in a lump sum payment, at the sole discretion of the Employer.

Any obligation of the Employer to the Executive hereunder is conditional,
however, upon the Executive signing a release, reasonably acceptable to the
Employer, of any and all claims related to the employment of the Executive or
the termination thereof.

(f) By the Executive other than for Constructive Termination. The Executive may
terminate his employment hereunder at any time upon sixty days written notice to
the Employer. In the event of termination of the Executive pursuant to
Section 6(f), the Board may elect to waive the period of notice, or any portion
thereof. The Employer shall have no further obligation to the Executive, other
than for Final Compensation due to him.

7. Effect of Termination. The provisions of this Section 7 shall apply to any
termination of employment in accordance with Section 3 or Section 6.

(a) Payments or provision of benefits by the Employer pursuant to Section 6
shall constitute the entire obligation of the Employer to the Executive.

(b) Provisions of this Agreement shall survive any termination if so provided
herein or if necessary or desirable to accomplish the purposes of other
surviving provisions, including without limitation the obligations of the
Executive under Sections 8, 9 and 10 hereof. The obligation of the Employer to
make payments to the Executive under Section 6(d) or 6(e) hereof is expressly
conditioned upon the Executive’s continued full performance of obligations under
Sections 8, 9 and 10 hereof. The Executive recognizes that, except as expressly
provided in Section 6(d) or 6(e), no compensation is earned after termination of
employment.

 

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8. Confidential Information.

(a) The Executive acknowledges that the Employer, its Affiliates and their
predecessors developed Confidential Information and that the Employer and its
Affiliates continually develop Confidential Information, that the Executive may
develop Confidential Information for the Employer and its Affiliates, that the
Executive may learn of Confidential Information during the course of employment.
The Executive will comply with the policies and procedures of the Employer and
its Affiliates for protecting Confidential Information and shall not disclose to
any Person or use, other than as required by applicable law or for the proper
performance of his duties and responsibilities to the Employer and its
Affiliates, any Confidential Information obtained by the Executive incident to
his employment or other association with the Employer and its Affiliates,
whether prior to, at the time of, or subsequent to any assignment of this
Agreement pursuant to Section 17. The Executive understands that this
restriction shall continue to apply after his employment terminates, regardless
of the reason for such termination.

(b) All documents, records, tapes and other media of every kind and description
relating to the Business, present or otherwise, of the Employer or its
Affiliates and any copies, in whole or in part, thereof (the “Documents”),
whether or not prepared by the Executive, shall be the sole and exclusive
property of the Employer and its Affiliates. The Executive shall safeguard all
Documents and shall surrender to the Employer at the time his employment
terminates, or at such earlier time or times as the Board or its designee may
specify, all Documents then in the Executive’s possession or control.

9. Restricted Activities. The Executive agrees that some restrictions on his
activities during and after his employment are necessary to protect the
goodwill, Confidential Information and other legitimate interests of the
Employer and its Affiliates:

(a) Non-Competition. While the Executive is employed by the Employer and for a
period of twenty-four months after his employment terminates for any reason, the
Executive shall not, directly or indirectly, engage in any business competitive
with the Business within the Territory. However, no ownership of less than five
percent of the outstanding stock of any publicly traded corporation will be
deemed to be in violation of this Section 9(a) solely by reason thereof.

(b) Loyalty. The Executive agrees that, during his employment with the Employer,
he will not undertake any outside activity, whether or not competitive with the
Business, the Employer or its Affiliates, that could reasonably give rise to a
conflict of interest or otherwise interfere with his duties and obligations to
the Employer or any of its Affiliates.

(c) Non-Solicitation of Employees. The Executive further agrees that while he is
employed by the Employer and during a twenty-four month period after his
employment terminates for any reason, the Executive shall not, directly or
indirectly, recruit, offer employment, employ, engage as a consultant, lure or
entice away, or in any other manner persuade or attempt to persuade any Person
who is an employee of Aris Import Inc. (hereinafter “Aris”), any Person employed
by the Employer or its Affiliate as a store manager or in any other position of
equal or greater responsibility, or any Person working in the corporate office
of the Employer or its Affiliate, to leave the employ of the Employer, its
Affiliate or Aris, as the case may be.

 

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(d) Non-Solicitation of Suppliers. The Executive agrees that while he is
employed by the Employer and during a twenty-four month period after his
employment terminates for any reason, the Executive shall not lure, entice away,
or in any other manner persuade or attempt to persuade any Supplier to cease or
materially reduce its business with the Employer or any of its Affiliates.

10. Assignment of Rights to Intellectual Property.

(a) The Executive shall promptly and fully disclose all Intellectual Property to
the Employer. The Executive hereby assigns and agrees to assign to the Employer
(or as otherwise directed by the Employer) the Executive’s full right, title and
interest in and to all Intellectual Property. The Executive agrees to execute
any and all applications for domestic and foreign patents, copyrights or other
proprietary rights and to do such other acts (including, without limitation, the
execution and delivery of instruments of further assurance or confirmation)
requested by the Employer to assign the Intellectual Property to the Employer
and to permit the Employer to enforce any patents, copyrights or other
proprietary rights to the Intellectual Property. The Executive will not charge
the Employer for time spent in complying with these obligations. All
copyrightable works that the Executive creates shall be considered work made in
the course of employment.

(b) If the Executive incorporates into any of the Intellectual Property any
Intellectual Property made by the Executive prior to the Executive’s employment
with the Employer, which belongs to the Executive and which is not assigned to
the Employer hereunder, the Executive hereby grants the Employer a perpetual,
exclusive, world-wide license to make, use, sell, improve, execute, reproduce,
display, distribute, lease, manipulate in any manner, create derivative works
based upon, sublicense, or otherwise commercially exploit or utilize the Prior
Invention(s) included in the Intellectual Property, including all Improvements
thereto, and all Intellectual Property therein, in any manner that the Employer
sees fit in its sole and absolute discretion.

(c) To the extent that the Executive cannot assign and transfer any of the
Executive’s full right, title, and interest in the Intellectual Property, then
the Executive hereby grants the Employer a perpetual, exclusive, world-wide
license to make, use, sell, improve, execute, reproduce, display, distribute,
lease, manipulate in any manner, create derivative works based upon, sublicense,
or otherwise commercially exploit or utilize such Intellectual Property,
including all Improvements thereto, and all Intellectual Property therein, in
any manner that the Employer sees fit in its sole and absolute discretion.

(d) The Executive further agrees that the Executive will assign, deliver and
communicate to the Employer any know-how, facts and materials arising from or
relating to said Intellectual Property including without limitation: (i) all
simulations, prototypes, and other embodiments of the Intellectual Property;
(ii) all drawings, blueprints, calculations, research plans and results, lab
notes, workbooks and other records and written materials that relate to the
Intellectual Property or that embody or record any know-how pertaining to the
Intellectual Property; (iii) all files, documents and communications pertaining
to the Intellectual Property; and (iv) evidence for patent interference purposes
or for other legal proceedings whenever requested.

 

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(e) The Executive further agrees to waive any and all moral rights it may have
in respect of any work which is the subject of copyright.

(f) The Executive shall not directly or indirectly contest the Employer’s
ownership in or validity of the Intellectual Property, or the validity of any
applications or registrations therefor, either during the term of this Agreement
or, at any time thereafter, nor shall the Executive voluntarily assist in any
action taken by any third party, an object of which action is to contest said
ownership or validity.

11. Enforcement of Covenants. The Executive acknowledges that he has carefully
read and considered all the terms and conditions of this Agreement, including
the restraints imposed upon him pursuant to Sections 8, 9 and 10 hereof. The
Executive agrees that said restraints are necessary for the reasonable and
proper protection of the Employer and its Affiliates and that each and every one
of the restraints is reasonable in respect to subject matter, length of time and
geographic area. The Executive further acknowledges that, were he to breach any
of the covenants contained in Sections 8, 9 and 10 hereof, the damage to the
Employer would be irreparable. The Executive therefore agrees that the Employer,
in addition to any other remedies available to it, shall be entitled to
preliminary and permanent injunctive relief against any breach or threatened
breach by the Executive of any of said covenants, without having to post bond.

12. Definitions. Words or phrases which are initially capitalized or are within
quotation marks shall have the meanings provided in this Section and as provided
elsewhere herein. For purposes of this Agreement, the following definitions
apply:

(a) “Affiliates” means, with respect to any specified Person, any other Person
that directly or indirectly controls, is controlled by, or is under common
control with, such specified Person. For purposes of this definition, “control”,
when used in connection with any specified Person, means the power to direct the
management or policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by contract or otherwise, and the terms
“controls”, “controlling” and “controlled” have correlative meanings.

(b) “Business” means the Business as conducted by the Employer and its
Affiliates on the date hereof, as well as any business of significance to the
Employer or its Affiliates as conducted by the Employer and its Affiliates at
any time during the employment of the Executive and at the time of termination
of the Executive’s employment.

(c) “Cause” means the following events or conditions, as determined by the Board
and the Chief Executive Officer, in their reasonable judgment: (i) the refusal
or failure to perform (other than by reason of disability) or material
negligence in the performance of the Executive’s duties and responsibilities to
the Employer or any of its Affiliates, or refusal or failure to follow or carry
out any reasonable direction of the Board and of the Chief Executive Officer and
the continuance of such refusal, failure or negligence for a period of fifteen
days after notice to the Executive; (ii) the commission of fraud, embezzlement
or theft by the Executive; (iii) the conviction of the Executive of, or plea by
the Executive of nolo contendere to, any felony or any other crime involving
dishonesty or moral turpitude; and (iv) any other conduct that involves a breach
of fiduciary obligation on the part of the Executive or otherwise could
reasonably be expected to have material adverse effect upon the Business.

 

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(d) “Confidential Information” means any and all information of the Employer,
Aris and their Affiliates, that is not generally available to the public.
Confidential Information also includes any information received by the Employer,
Aris and their Affiliates, whether prior to, at the time of, or subsequent to
any assignment of this Agreement pursuant to Section 17, from any Person with
any understanding, express or implied, that it will not be disclosed.
Confidential Information does not include information that enters the public
domain, other than through a breach by the Executive or any other Person of an
obligation of confidentiality in favor of the Employer, Aris and their
Affiliates.

(e) “Constructive Termination” means the following events or conditions: (i) the
Employer’s material breach of this Agreement including, without limitation, any
material change in the role, responsibilities, duties or reporting detailed in
Sections 4(a) and 4(b) as well as the failure of the Employer to pay Base Salary
or, subject to achievement of targets determined by the Board in accordance with
Section 5(b), Annual Bonus or provide any material benefits that the Employer is
obligated to pay or provide pursuant hereto, and the continuance of such breach
for a period of fifteen days after written notice to the Employer; and (ii) if
the Employer requires that the Executive move involuntarily from the Montreal
metropolitan area in order to retain employment with the Employer.

(f) “Improvements” means modifications, enhancements, translations, derivative
works, updates, upgrades, new versions or new releases, or other improvements to
the Intellectual Property.

(g) “Intellectual Property” means inventions, discoveries, developments,
methods, processes, compositions, works, concepts and ideas (whether or not
patentable or copyrightable or constituting trade secrets) conceived, made,
created, developed or reduced to practice by the Executive (whether alone or
with others, whether or not during normal business hours or on or off Employer
premises) during the Executive’s employment and during the period of three
months immediately following termination of his/her employment that relate to
either the Business or any prospective activity of the Employer or any of its
Affiliates or that make use of Confidential Information or any of the equipment
or facilities of the Employer or any of its Affiliates and any Intellectual
Property (including without limitation copyright) related to the foregoing.

(h) “Person” means an individual, a corporation, a limited liability company, an
association, a partnership, an estate, a trust and any other entity or
organization, other than the Employer or any of its Affiliates.

(i) “Supplier” means any and all persons, located anywhere in the world, having
supplied goods to the Employer, Aris and their Affiliates in connection with the
Business; and any and all persons located anywhere in the world retained or
utilized by the Employer, Aris and their Affiliates to supply goods in
connection with the Business, in both cases, at any time during the five-year
period preceding the termination of Executive’s employment.

(j) “Territory” means Canada.

 

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13. Entire agreement. This Agreement constitutes the entire agreement between
the parties on the subject matter thereof and replaces any and all other
representations, understandings, negotiations and previous agreements, written
or oral, expressed or implied.

14. Conflicting Agreements. The Executive hereby represents and warrants that
the execution of this Agreement and the performance of his obligations hereunder
will not breach or be in conflict with any other agreement to which the
Executive is a party or is bound and that the Executive is not now subject to
any covenants against competition or similar covenants or any court order or
other legal obligation that would affect the performance of his obligations
hereunder. The Executive will not disclose to or use on behalf of the Employer
any proprietary information of a third party without such party’s consent.

15. Withholding. All payments made by the Employer under this Agreement shall be
reduced by any tax or other amounts required to be withheld by the Employer
under applicable law.

16. Currency. All and any amount of money referred to or mentioned in this
Agreement shall be in Canadian Dollars.

17. Assignment. This Agreement shall be assigned without any consent or
formality required to any Person who acquires the Business of Employer and upon
such assignment, such Person shall be considered as and be deemed to be the
“Employer” for purposes of this Agreement. Once this Agreement is assigned to a
Person which purchases the Business pursuant to this Section 17, it is
understood that the Executive will report to the board of directors of such
Person, and in the event such Person is a limited partnership, the Executive
will report to the board of directors of the general partner of such limited
partnership and to its Chief Executive Officer. Otherwise, neither the Employer
nor the Executive may make any assignment of this Agreement or any interest
herein, by operation of law or otherwise, without the prior written consent of
the other; provided, however, that the Employer may assign its rights and
obligations under this Agreement without the consent of the Executive in the
event that the Employer may hereafter affect a reorganization, consolidate with,
or merge into, any Person or transfer all or substantially all of its properties
or assets to any Person. This Agreement shall inure to the benefit of and be
binding upon the Employer and the Executive, their respective successors,
executors, administrators, heirs and permitted assigns.

18. Severability. In the event that any provision hereof would, under applicable
law, be invalid or unenforceable in any respect, such provision shall be
construed by modifying or limiting it so as to be valid and enforceable to the
maximum extent compatible with, and possible under, applicable law. The
provisions hereof are severable, and in the event any provision hereof should be
held invalid or unenforceable in any respect, it shall not invalidate, render
unenforceable or otherwise affect any other provision hereof.

19. Waiver. No waiver of any provision hereof shall be effective unless made in
writing and signed by the waiving party. The failure of either party to require
the performance of any term or obligation of this Agreement, or the waiver by
either party of any breach of this Agreement, shall not prevent any subsequent
enforcement of such term or obligation or be deemed a waiver of any subsequent
breach.

 

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20. Notices. Any and all notices, requests, demands and other communications
provided for by this Agreement shall be in writing and shall be effective when
delivered in person or deposited in the Canadian or American mail, postage
prepaid, registered or certified, and addressed to the Executive at his last
known address on the books of the Employer or, in the case of the Employer, at
its principal place of business, attention of the chief legal officer, or to
such other address as either party may specify by notice to the other actually
received.

21. Amendment. This Agreement may be amended or modified only by a written
instrument signed by the Executive and by an expressly authorized representative
of the Employer.

22. Headings. The headings and captions in this Agreement are for convenience
only and in no way define or describe the scope or content of any provision of
this Agreement.

23. Counterparts. This Agreement may be executed in two or more counterparts,
each of which shall be an original and all of which together shall constitute
one and the same instrument.

24. Governing Law; Consent to Jurisdiction and Venue.

(a) This Agreement shall be governed by, and construed in accordance with, the
laws of the Province of Québec and the federal laws of Canada applicable
therein.

(b) All actions and proceedings arising out of or relating to this Agreement
shall be heard and determined by the courts of the Province of Québec, and the
Parties to this Agreement hereby irrevocably submit to the exclusive
jurisdiction of such courts in any such action or proceeding and irrevocably
waive the defence of an inconvenient forum to the maintenance of any such action
or proceeding. The Parties hereto hereby consent to service of process by mail
(in accordance with Section 20 or any other manner permitted by law.)

25. Language. The Parties hereby acknowledge that they have expressly required
this Agreement and any documents ancillary hereto be drafted in the English
language only. Les parties reconnaissent par les présentes avoir expressément
exigé que cette entente et tout document y afférent soient rédigés en langue
anglaise seulement.

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Employment Agreement

IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument by
the Employer, by its duly authorized representative, and by the Executive, as of
the date first above written.

 

THE EXECUTIVE     DOLLARAMA L.P., acting and represented by Dollarama GP Inc.,
its general partner

/s/ Stephane Gonthier

    By:  

/s/ Nicholas Nomicos

Stephane Gonthier     Name:   Nicholas Nomicos     Title:   Director