Document:

License Amending Agreement between Wal-Mart Canada and PCA Canada

Exhibit 10.35

    LICENCE
      AMENDING AGREEMENT 

     

    THIS
      AGREEMENT MADE the 7th day of February, 2003. 

    BETWEEN:

    

    WAL-MART
      CANADA CORP. 

    (previously
      Wal-Mart Canada Inc.)

     

    (hereinafter
      called “Wal-Mart”)

    OF
      THE
      FIRST PART

    

    -
      and
      -

     

    PCA
      PHOTO CORPORATION OF CANADA, INC. 

    (hereinafter
      called the “Licensee”)

     

    OF
      THE
      SECOND PART

     

    -
      and
      -

     

    PCA
      INTERNATIONAL, INC. 

    (hereinafter
      called the “Guarantor”)

     

    OF
      THE
      THIRD PART

    WHEREAS:

    

    
      	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”);

            

    

    

    
      	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;

            

    

    

    
      	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;

            

    

    

    NOW
      THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual
      covenants, conditions and agreements herein contained, other good and valuable
      consideration and the sum of Ten Dollars ($10.00) paid by each party to the
      other (the receipt and sufficiency of which are hereby acknowledged), the
      parties hereto do hereby covenant and agree, each with the other, as
      follows:

     

    
      	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.

            

    

    

    
      	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.

            

    

    

    
      	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.

            

    

    

    IN
      WITNESS WHEREOF the parties have executed this Agreement this 6th day of
      February, 2003, with effect as of the date hereinabove set forth.

     

    WAL-MART
      CANADA CORP.

    

     

    Per:
      /s/
      Brian Rudderham
      c/s

    Brian
      Rudderham - Vice President & CFO

     

    PCA
      PHOTO CORPORATION OF CANADA, INC.

    

     

    Per:
      /s/
      Barry Feld
      c/s

    Name:
      Barry J. Feld

    Title:
      Chief Executive Officer

    I
      have
      the authority to bind the Corporation

     

    PCA
      INTERNATIONAL, INC.

    

    

    Per:
      /s/
      Barry Feld
      c/s

    Name:
      Barry J. Feld

    Title:
      Chief Executive Officer

    I
      have
      the authority to bind the Corporation

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      “A”

    

    

    
      	
              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-08Letter Agreement between PCA Canada and Wal-Mart Canada

    Exhibit 10.36

    
 

    BARRY
      J.
      FELD

    CHAIRMAN,
      PRESIDENT, CEO

    PCA
      International, Inc.

     

    January
      29, 2004

     

    Robert
      Rozzi

    Wal-Mart
      Canada, Inc. 

    1940
      Argentia Road 

    Mississauga,
      Ontario L5N 1P9

     

    Dear
      Robert:

     

    Pursuant
      to its License Agreement with Wal-Mart Canada, Inc., PCA International, Inc
      and
      PCA Photo Corporation of Canada, Inc. would like to extend the term for the
      additional two years contained therein for the stores listed on the attached
      list.

     

    Thank
      you
      for the opportunity to be of service to Wal-Mart Canada, Inc. and if you need
      anything further, please let me know.

     

    Regards,

     

    /s/
      Barry J. Feld _________________

     

    Barry
      J.
      Feld

    Chairman
      and 

    Chief
      Executive Officer

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Wal-Mart

              Store
                #

            	
              Wal-Mart
                Store

              Name

            	
              License
                Expiry

              (5
                yrs)

            	
              Renewal
                Expiry (2yrs)

            
	
              3101

            	
              SYDNEY
                N.S.

            	
              30-Jan-04

            	 
	
              3149

            	
              MASCOUCHE,
                PQ

            	
              26-Feb-04

            	 
	
              3051

            	
              LONDON,WHITE
                OAKS

            	
              26-Mar-04

            	 
	
              3162

            	
              CHARLOTTETOWN,
                PEI

            	
              24-Jun-04

            	 
	
              3166

            	
              BARRIE
                NORTH, ONT

            	
              19-Aug-04

            	 
	
              3168

            	
              LLOYDMINSTER,
                ALTA

            	
              19-Aug-04

            	 
	
              3172

            	
              ST.CATHERINES,
                ONT

            	
              19-Aug-04

            	 
	
              3176

            	
              YORKTON,
                SASK

            	
              19-Aug-04

            	 
	
              3020

            	
              CORNWALL,
                ONT.

            	
              26-Aug-04

            	 
	
              3173

            	
              MOOSE
                JAW, SASK

            	
              2-Sep-04

            	 
	
              3104

            	
              TIMMINS,
                ONT.

            	
              8-Sep-04

            	 
	
              3165

            	
              COTE-ST-LUC,
                PQ

            	
              30-Sep-04

            	 
	
              3177

            	
              WINNIPEG
                SOUTH, MB

            	
              30-Sep-04

            	 
	
              3178

            	
              TRENTON,
                ONT

            	
              30-Sep-04

            	 
	
              3067

            	
              OWEN
                SOUND, ONT.

            	
              11-Nov-04

            	 
	
              3158

            	
              LANGLEY,
                BC

            	
              11-Nov-04

            	 
	
              3164

            	
              LEAMINGTON,
                ONT

            	
              11-Nov-04

            	 
	
              3171

            	
              PEMBROKE,
                ONT

            	
              11-Nov-04

            	 
	
              3081

            	
              SACKVILLE
                N.S.

            	
              20-Feb-02

            	
              20-Feb-04

            
	
              3003

            	
              BATHURST,
                N.B.

            	
              22-Feb-02

            	
              22-Feb-04

            
	
              3000

            	
              AGINCOURT

            	
              5-Mar-02

            	
              5-Mar-04

            
	
              3008

            	
              BURNABY,
                B.C..

            	
              22-Apr-01

            	
              21-Apr-04

            
	
              3023

            	
              DRUMMONDVILLE,QUEBEC

            	
              22-Apr-01

            	
              21-Apr-04

            
	
              3096

            	
              STONEY
                CREEK, ONT.

            	
              19-Apr-02

            	
              19-Apr-04

            
	
              3004

            	
              BRANDON,
                MANITOBA

            	
              30-Apr-02

            	
              30-Apr-04

            
	
              3127

            	
              ANCASTER,
                ON

            	
              17-May-02

            	
              17-May-04

            
	
              3140

            	
              ST.
                BRUNO, PQ

            	
              27-Jun-02

            	
              27-Jun-04

            
	
              3134

            	
              KANATA,
                ONT.

            	
              7-Jul-02

            	
              7-Jul-04

            
	
              3007

            	
              BROSSARD,
                QUEBEC

            	
              20-Jul-02

            	
              20-Jul-04

            
	
              3064

            	
              OAKVILLE,
                ONT.

            	
              1-Aug-02

            	
              1-Aug-04

            
	
              3066

            	
              OTTAWA,
                LINCOLN FIELDS

            	
              14-Aug-02

            	
              14-Aug-04

            
	
              3033

            	
              GANDER,
                NFLD.

            	
              18-Aug-02

            	
              18-Aug-04

            
	
              3084

            	
              SASKATOON,
                WILDWOOD

            	
              20-Sep-02

            	
              20-Sep-04

            
	
              3147

            	
              GRANDE
                PRAIRIE, AB

            	
              26-Sep-02

            	
              26-Sep-04

            
	
              3148

            	
              LEVIS,
                PQ

            	
              26-Sep-02

            	
              26-Sep-04

            
	
              3150

            	
              MEDICINE
                HAT, AB

            	
              26-Sep-02

            	
              26-Sep-04

            
	
              3137

            	
              STE
                HYACINTHE

            	
              27-Sep-02

            	
              27-Sep-04

            
	
              3136

            	
              ROUYN-NORANDA,
                PQ

            	
              29-Sep-02

            	
              29-Sep-04

            
	
              3142

            	
              ORANGEVILLE,
                ONT.

            	
              31-Oct-02

            	
              31-Oct-04

            
	
              3143

            	
              HULL,
                PQ

            	
              31-Oct-02

            	
              31-Oct-04

            
	
              3145

            	
              VAUGHAN,
                ONT

            	
              31-Oct-02

            	
              31-Oct-04

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