**GENERAL      CONTINUING GUARANTY**

**GENERAL      CONTINUING GUARANTY **
** **
**WELLS      FARGO FOOTHILL, INC., **

**PORTRAIT      CORPORATION OF AMERICA INC.**
**PCA      LLC**

**WHEREAS**

**WHEREAS**

**NOW,      THEREFORE**

**1.**
**Definitions      and Construction**
**.**

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**Guarantied      Obligations**

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**Continuing      Guaranty**

**Performance      Under this Guaranty**

**Primary      Obligations**

**Waivers**

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| (1)   | The                amount of the Guarantied Obligations or any obligations of any Guarantor                in respect thereof may be reduced only by the price for which that                collateral is sold at the foreclosure sale, even if the collateral                is                worth more than the sale price. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Agent                may collect from such Guarantor even if any member of the Lender                Group or                any Bank Product Provider, by foreclosing on the real property collateral,                has destroyed any right such Guarantor may have to collect from Borrowers,                the other Guarantors, or any other                guarantor. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Releases**

**No      Election**

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**Revival      and Reinstatement**

**Financial      Condition of Borrowers**

**Payments;      Application**

**Attorneys      Fees and Costs**

**Notices**

**Cumulative      Remedies**

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**Severability      of Provisions**

**Entire      Agreement; Amendments**

**Successors      and Assigns**

**No      Third Party Beneficiary**

**19.**
**Choice      of Law and Venue; Jury Trial Waiver**
**.**

**THE      VALIDITY OF THIS GUARANTY, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT      HEREOF, AND THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS ARISING      HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND      CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.**

**THE      PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS      GUARANTY SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND, TO THE EXTENT      PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE BOROUGH OF MANAHTTAN,      COUNTY OF NEW YORK, STATE OF NEW YORK, **
**PROVIDED**
**,      **
**HOWEVER**
**,      THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY      MAY      BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE AGENT      ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY      BE      FOUND. EACH GUARANTOR AND EACH MEMBER OF THE LENDER GROUP WAIVE, TO THE EXTENT      PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE      OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING      IS      BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF THIS **
**SECTION      19**
**.      **

**EACH      GUARANTOR AND EACH MEMBER OF THE LENDER GROUP (BY ITS ACCEPTANCE HEREOF) HEREBY      WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION      BASED UPON OR ARISING OUT OF THIS GUARANTY OR ANY OF THE TRANSACTIONS      CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY      CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH GUARANTOR AND EACH      MEMBER OF THE LENDER GROUP (BY ITS ACCEPTANCE HEREOF) REPRESENTS THAT EACH      HAS      REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL      RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION,      A      COPY OF THIS GUARANTY MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE      COURT.**

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**Counterparts;      Telefacsimile Execution**

**Agreement      to be Bound**
*mutatis      mutandis*
*mutatis      mutandis*

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**IN      WITNESS WHEREOF**

| **PORTRAIT                CORPORATION OF AMERICA, INC.**,a                Delaware corporation                |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                          |
|                                                                                                          |
| By:                /s/                Donald Norsworthy___________                                            |
| Name:                Donald Norsworthy                                                                        |
| Title:                Executive Vice President and Chief Financial Officer                                    |
|                                                                                                          |
| **PCA                FINANCE CORP.,**a                Delaware corporation                                    |
|                                                                                                          |
|                                                                                                          |
| By:                /s/                Donald Norsworthy___________                                            |
| Name:                Donald Norsworthy                                                                        |
| Title:                Executive Vice President and Chief Financial Officer                                    |
|                                                                                                          |
| **PHOTO                CORPORATION OF AMERICA,**a                North Carolina corporation                   |
|                                                                                                          |
|                                                                                                          |
| By:                /s/                Donald Norsworthy___________                                            |
| Name:                Donald Norsworthy                                                                        |
| Title:                Executive Vice President and Chief Financial Officer                                    |
|                                                                                                          |
| **WELLS                FARGO FOOTHILL, INC.,**a                California corporation,as                Agent |
|                                                                                                          |
|                                                                                                          |
| By:                /s/ Cheri MacDonald______________                                                          |
| Name:                Cheri MacDonald                                                                          |
| Title:                Vice President                                                                          |
|                                                                                                          |