**WAL-MART      CANADA CORP. **

**(previously      Wal-Mart Canada Inc.)**

**PCA      PHOTO CORPORATION OF CANADA, INC. **

**PCA      INTERNATIONAL, INC. **

| 1.   | Wal-Mart                and the Licensee entered into a Licence Agreement dated the 9th day                of                February, 1996, as amended by an agreement between all of them dated                July                8, 1997, whereby Wal-Mart Canada Corp. licensed the right to the                Licensee                to operate portrait studios in certain Wal-Mart stores (the “Licence                Agreement”); |
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| 2.   | The                Term as extended by the renewal term contemplated by s. 3.03 of the                Licence Agreement will shortly expire in respect of certain of the                Licence                Schedules and the parties mutually desire to further extend the Term                in                respect of such Licence Schedules; |
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| 3.   | Wal-Mart                and the Licensee wish to enter into this Agreement in order to amend                the                Licence Agreement to give effect to the foregoing on those terms                more                particularly set forth in this                Agreement; |
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| 1.   | Unless                otherwise defined in this Agreement, the capitalized terms used in                this                Agreement shall have the same meaning ascribed to them in the Licence                Agreement. |
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| 2.   | The                parties and the Guarantor covenant and agree that the Term in respect                of                those Licensee’s Businesses set out in Schedule “A” attached to and                forming a part of this Agreement, is hereby extended, subject to                earlier                termination as provided for in the Licence Agreement, until 11:59                p.m. on                the “2nd                Renewal Expiry (5 yrs)” date indicated on Schedule “A” in respect of each                such Licensee’s Business. |
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| 3.   | All                other terms and conditions of the Licence Agreement shall remain                unamended                and in full force and effect and time shall remain of the                essence. |
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**WAL-MART      CANADA CORP.**

**PCA      PHOTO CORPORATION OF CANADA, INC.**

**PCA      INTERNATIONAL, INC.**

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| WAL-MART                CANADA CORP           |                               |                             |                                 |
|-----------------------------------------------|------------------------------------|----------------------------------|--------------------------------------|
| PCA                CORPORATION OF CANADA CORP |                               |                             |                                 |
|                                          |                               |                             |                                 |
| Wal-Mart                Store #               | Wal-Mart                Store Name | Commencement                Date | Licence                Expiry (5yrs) | 1st                Renewal Expiry (2yrs) | 2nd                Renewal Expiry (5 yrs) |
| 3002                                          | BAIE                COMEAU, PQ     | 22-Apr-96                        | 22-Apr-01                            | 22-Apr-03 | 22-Apr-08 |
| 3005                                          | BRANTFORD,                ONT.     | 22-Apr-96                        | 22-Apr-01                            | 22-Apr-03 | 22-Apr-08 |
| 3009                                          | CALGARY,                WESTBROOK  | 22-Apr-96                        | 22-Apr-01                            | 22-Apr-03 | 22-Apr-08 |