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|EXHIBIT 10.106
(PAGE NUMBERS REFER TO PAPER DOCUMENT ONLY)
Confidentiality, Noncompetition and Nonsolicitation Agreement
In
consideration of my employment by CPI Corp., a Missouri corporation (the Company), as
reflected in the Offer of Employment between myself and the Company dated July 12, 2005, which is
attached hereto, I hereby agree as follows:
1.
           During the term of my employment
and thereafter, I agree that all records, data lists, lists of actual or potential customers or suppliers,
account information, pricing policies, sales and promotional techniques and practices, services and
products, files, reports, notes, strategic or business plans, compilations or other recorded matter
and copies or reproductions thereof, relating to the operation and activities of the Company and/or
its affiliates which are not generally known to the public or those persons engaged in (a) business(es)
similar to that/those conducted by the Company and/or its affiliates and which were made or received
by, or which become known to, me during the term of my employment (hereinafter referred to as Confidential
Information) are, respectively, the exclusive property of the Company and/or its affiliates
and I hold the same as trustee for the Company and/or its affiliates and subject to the respective
control of the Company and/or its affiliates. I therefore agree that:
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| | (i)
            I will abide by any and all policies regarding confidentiality and with the terms and provisions
of this Confidentiality, Noncompetition and Nonsolicitation Agreement (the Agreement);                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
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| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | (ii)
            I will not at any time during the term of this Agreement or thereafter, except in the performance
of my duties hereunder, use or permit any third person to use or disclose directly or indirectly
any such Confidential Information or any trade secrets (including, but not limited to, using or permitting
any third person to use Confidential Information or trade secrets to solicit any customer of the
Company or any of its affiliates;                                                                                                                                                                                                                                                                  
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | (iii)
            I will return promptly upon termination of my employment for whatever reason, or at any
time at the request of the board of directors of the Company (or in the event of my death, my personal
representative will return promptly) to the board(s) at its direction, all Company property in my
possession or control including, without limitation, personal computer(s), keys, credit cards, and
records (whether stored electronically or otherwise) and including any and all copies of records,
drawings, writings, blueprints, materials, memoranda and other tangible manifestations of and pertaining
to Confidential Information or trade secrets, regardless of by or for whom the same were prepared;
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | (iv)
             in the event any of the restrictions contained in the covenants set forth in this Section
1 are deemed unreasonable by any court, the Company and I agree that the court may reduce such restriction(s)
to ones it deems reasonable to protect the Company and/or its affiliates; and                                                                                                                                                                                                                                                                                                                                                                                                                            
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| | (v)
            the Company and I agree that the provisions of this Section 1 will be enforced pursuant to
Section 3 below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

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|For purposes of this Agreement, an affiliate of the Company means a company which either controls, is controlled by or is under common control with the Company.
        2.             (a)
         During the term of my employment with the Company, and for a period ending one (1) year following the effective date of my termination of employment by the Company (the Non-Compete Period), I agree that I will not directly or indirectly:
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| | (i)
            without the prior written authorization of the Company, whether alone or as an employee, officer,
agent, consultant, entrepreneur, venturer, owner, partner or stockholder, engage in any business
in direct competition with the Company or any of its affiliates;                                                  
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| |                                                                                                                                                                                                                                                                                                                                      
| | (ii)
            solicit business from any individual or entity that is a client, customer or supplier of
the Company or any affiliate on the date of termination (or who was such a client, customer or supplier
of the Company within the one (1) year prior to the effective date of my termination of employment
by the Company);
| |                                                                                                                                                                                                                                                                                                                                      
| | (iii)
            request, induce or advise any such customer, or any distributor or supplier of the Company
or any affiliate to withdraw, curtail or cancel their business with the Company or any affiliate;                                                                                                                       
| |                                                                                                                                                                                                                                                                                                                                      
| | (iv)
            request, induce, attempt to induce or advise any employees, consultants, or other personnel
to terminate their relationships or breach their agreements with the Company or any affiliate; and                                                                                                                      
| |                                                                                                                                                                                                                                                                                                                                      
| | (v)
            solicit for employment or employ any individual employed by the Company or any affiliate as
of the date of termination; or                                                                                                                                                                                           
| |                                                                                                                                                                                                                                                                                                                                      
| | (vi)
            directly or indirectly, aid or abet any other person or entity to undertake any of the activities
described in paragraphs (i) through (v) above.                                                                                                                                                                    
| |                                                                                                                                                                                                                                                                                                                                      

| | (b)
         Notwithstanding anything stated herein to the contrary, the covenants set forth in this Section
2 will not apply to the passive ownership of up to five percent (5%) of the securities of any publicly-traded
corporation listed on a national securities exchange or traded on the over-the-counter markets.
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| | (c)I hereby agree and acknowledge that the duration and scope applicable to the covenant not to compete
or solicit described in this Section 2 are fair, reasonable and necessary, that I have received adequate
compensation for such obligations, and that these obligations would not prevent me from earning a
livelihood. If, however, for any reason any court determines that the restrictions in this Section
2 are not reasonable, that the consideration is inadequate or that I have been prevented from earning
a livelihood, such restrictions will be
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| | interpreted, modified or rewritten to include as much of the duration and scope identified in this
Section 2 as will render such restrictions valid and enforceable.
| |                                                                                                                                                                     

| | (d)
           The Company and I agree that the provisions of this Section 2 will be enforced pursuant to
Section 3 below.
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|3.
            I agree that in the event
of my breach or violation or attempted breach or violation of Sections 1 and/or 2, the provisions
may be enforced by an injunction in a suit in equity, and that a temporary or preliminary injunction
or restraining order may be granted immediately upon the commencement of any such suit and without
notice. In the event of a breach or violation or attempted breach or violation by me of the provisions
of Section 2, I agree that an amount of time equal to the time period during which such a breach
or violation exists will be added to the duration of the restrictions in Section 2. The existence
of any claim or cause of action I may have against the Company or an affiliate, whether predicated
on this Agreement or otherwise, will not constitute a defense to the enforcement of my obligations hereunder.
4.
            I hereby acknowledge that
upon my breach of any of the covenants contained in this Agreement, the Company will suffer irreparable
damages for which the remedy at law will be inadequate. I agree and acknowledge that my violation
of any of the provisions of this Agreement shall result in a forfeiture by me of any amounts potentially
payable under the Plan, whether vested or otherwise.
5.             I recognize that this Agreement
does not set forth all terms of my employment by the Company and that during my employment with the
Company I will be required to comply with all reasonable rules and regulations relating to such employment
as may from time to time be promulgated by the Company. It is my understanding that the Company may
terminate my employment by it at any time, with or without Cause (as such term is defined in the
Offer of Employment. The Company hereby acknowledges that, except for the express covenants and conditions
set forth herein and in the Offer of Employment, I have not agreed to waive or otherwise relinquish
any rights I may otherwise have under applicable employment and/or labor laws or pursuant to other
agreements with or policies of the Company, regarding or arising out of the termination of my employment.
6.             This Agreement contains
the entire understanding and agreement between the parties as to the subject matter hereof and cannot
be amended, modified or supplemented in any respect, except by a subsequent written agreement entered
into by both parties.
7.             This Agreement is binding
upon and will inure to the benefit of any successor to the Company whether by way of a merger, purchase,
consolidation or otherwise. All of the Companys affiliates and all successors and assigns of
the Company are third-party beneficiaries of the covenants contained herein. Such restrictive covenants
are intended for the benefit of, and may be enforced by, the Companys successors and assigns
and any of the Companys affiliates.
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|8.             The Company and I further agree that, in the event of any litigation at law or at equity with regard
to the enforcement or interpretation of this Agreement, the prevailing party
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|shall be entitled to be reimbursed for all reasonable attorneys fees and costs incurred, at trial
and through all levels of appeal, as a result of such litigation.
9.             This Agreement shall be
construed in accordance with and governed by the substantive laws of the State of Missouri (regardless
of the law that might otherwise govern under applicable Missouri principles of conflicts of laws).
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date shown below.
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|EXECUTIVE:         |  | CPI CORP.                       
|------------------ |  | --------------------------------
|/s/ Paul Rasmussen |  | By: /s/ David M. Meyer          
|                   |  |                                 
|Paul Rasmussen     |  | David M. Meyer                  
|August 15, 2005    |  |                                 
|                   |  | Its: Chairman of the
      Board
|                   |  | August 15, 2005                 

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