EXHIBIT 

| a.   |   | Section      1.1H of the Master Lease is deleted and replaced by the      following: “Leased Premises” means the areas of the Store      designated in Section A-1 of each fully executed Attachment A to this      Master Lease leased to Tenant by Landlord subject to the terms and      conditions of this Master  Lease. |
|----------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   |   | Section      1.1.K. of the Master Lease is deleted and replaced by the      following: “Store”      or “Stores” means the “Wal-Mart” retail stores operated by Landlord      designated on Exhibit A      attached hereto and incorporated herein.  Exhibit A in      the form attached hereto is hereinafter added to      this       Master Lease. |
|----------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   |   | On      or before July 31, 2008, Tenant shall close the 51 Leased Premises located      in Stores designated on Exhibit B      attached hereto and incorporated herein.  The parties may extend      the July 31, 2008 Leased Premises       closure date by mutual written agreement.  Exhibit B in      the form attached hereto is added to the Master Lease.  All      Leased Premises closed in accordance with this Section 3(c) must be closed      in accordance with        Section 17.3 of the Master Lease, except that Tenant shall leave each      Leased Premises closed in accordance with this Section 3(c) in broom clean      condition. |
|----------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   |   | Appendix-1      of the Master Lease is hereby amended by deleting Section 8(e) in its      entirety. |
|----------------|--------|------------------------------------------------------------------------------------------------------|

| e.   |   | The      Hours of Operation defined in Section 3 of Appendix-1 of the Master Lease      are deleted and replaced by the following new minimum Hours of      Operation: |
|----------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Day                          |   | Hours                        |   | Lunch              |
|------------------------------|--------|------------------------------|--------|--------------------|
| Sunday      – Thursday |   | 10      am – 6 pm |   | Closed      2-3 pm |
| Friday                       |   | 10      am – 7 pm      |   | Closed      2-3 pm |
| Saturday                     |   | 10      am – 7 pm      |   | Open               |

| LANDLORD:                  |                    |   |
|----------------------------|-------------------------|--------|
|                       |                    |   |
| WAL-MART      STORES, INC. |                    |   |
|                       |                    |   |   |
| By:                        | /s/Don      R. Ethridge |   | 4/15/08 |
|                       | Don      R. Ethridge    |   | Date |
|                       | Title:                  |   |   |
|                       |                    |   |   |

|                          |                    |   |
|-------------------------------|-------------------------|--------|
| WAL-MART      STORES EAST, LP |                    |   |
|                          |                    |   |   |
| By:                           | /s/Don      R. Ethridge |   | 4/15/08 |
|                          | Don      R. Ethridge    |   | Date |
|                          | Title:                  |   |   |
|                          |                    |   |   |

|                            |                    |   |
|---------------------------------|-------------------------|--------|
| WAL-MART      STORES TEXAS, LLC |                    |   |
|                            |                    |   |   |
| By:                             | /s/Don      R. Ethridge |   | 4/15/08 |
|                            | Don      R. Ethridge    |   | Date |
|                            | Title:                  |   |   |
|                            |                    |   |   |

|                              |                    |   |
|-----------------------------------|-------------------------|--------|
| WAL-MART LOUISIANA,      LLC |                    |   |
|                              |                    |   |   |
| By:                               | /s/Don      R. Ethridge |   | 4/15/08 |
|                              | Don      R. Ethridge    |   | Date |
|                              | Title:                  |   |   |
|                              |                    |   |   |

| TENANT:                                |                   |   |
|----------------------------------------|------------------------|--------|
|                                   |                   |   |
| CPI      CORP., a Delaware corporation |                   |   |
|                                   |                   |   |   |
| By:                                    | /s/Renato      Cataldo |   | 4/15/08 |
|                                   | Renato      Cataldo    |   | Date |
|                                   | Title:                 |   |   |
|                                   |                   |   |   |