Document:

EX-10.11 Amend #4 AGFA/PCA Sales Contract

 

AMENDMENT No, 4

TO

AGFA/PCA 2002 SALES CONTRACT

     THIS AMENDMENT, dated as of October 17, 2005 (the “Amendment”), by and among Portrait
Corporation of America, Inc., a corporation organized and existing under the laws of the State of
Delaware (“Portrait”); PCA International, Inc, a corporation formerly organized and existing under
the laws of the State of North Carolina (“PCAI”); PCA LLC, a limited liability company organized
and existing under the laws of Delaware (“PCA LLC” and, together with Portrait and PCAI, “PCA”);
and AgfaPhoto USA Corporation, a company organized and existing under the laws of the State of
Delaware (“AgfaPhoto USA”).

R
E C I T A L S:

				
	 	A	 	As of February 4, 2002, Agfa Corporation, a Delaware corporation (“Agfa
Corporation”), and PCAI entered into the “AGFA/PCA 2002 Sales Contract” (the “2002 Sales Contract”).

				
	 	B	 	As of April 5, 2002, Agfa Corporation and PCAI entered into “Amendment No. 1” to the 2002
Sales Contract (the “First Amendment”).

				
	 	C	 	As of June 28, 2002, Agfa Corporation, PCAI and PCA LLC entered into
“Amendment No. 2” to the 2002 Sales Contract (the “Second Amendment”).

				
	 	D	 	As of June 15, 2005, AgfaPhoto USA and Portrait entered into a letter agreement (the
“Letter Agreement”).

				
	 	E	 	As of September 28, 2005, AgfaPhoto USA and PCA entered into “Amendment No. 3” to the
2002 Sales Contract (the “Third Amendment”).

				
	 	F	 	As of the date hereof, PCA and AgfaPhoto USA wish to enter into this “Amendment No. 4” to
the Sales Contract (the “Fourth Amendment” and, together with the 2002 Sales Contract, the First
Amendment, the Second Amendment and the Letter Agreement, the “Sales Contract”), pursuant to which
(1) PCA is placing an order for certain Agfa Products with AgfaPhoto USA for a total purchase
price of Seven Hundred Ninety Seven Thousand Nine Hundred and Thirty Five US Dollars and Sixty
Four US Cents, 
($ 797,935,64)(the “Purchase Price”) on the terms and conditions of the Sales
Contract, including the amendments thereto hereby provided (the “Order”), (2) PCA is agreeing that
AgfaPhoto USA may delegate its obligations to ship said Agfa Products pursuant to the Order to
AgfaPhoto GmbH, a German company (“Agfa GmbH”), (3) PCA agrees to make an advance on the Purchase
Price of Five Hundred and Sixty-Four thousand Four Hundred and Three US Dollars and Fifty-Right
Cents (US $ 564,403,58) (the “Advance”) in three installments in the amounts set forth herein
(each, an “Installment”) to and for the benefit of AgfaPhoto USA with the understanding that
AgfaPhoto USA is immediately assigning the right to receive each installment of the Advance to Agfa
GmbH and AgfaPhoto USA hereby directs that PCA pay the Advance on its behalf to Agfa GmbH and (4)
PCA

 

 

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agrees to pay the Purchase Price according to the terms herein, minus the Installments
actually paid, to AgfaPhoto USA in accordance with the terms of the Sales Contract

     NOW
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:

     1 Definitions Unless otherwise defined herein, all capitalized terms herein
shall have the meaning ascribed to them in the Sales Contract.

     2 Conflicts If there shall be a conflict or inconsistency between the Sales
Contract and this Amendment, the terms of this Amendment shall be determinative and shall prevail

     3 Representations and Warranties PCA represents and warrants to AgfaPhoto USA
that:

          (a) PCA has the full power, capacity and legal right to make the Advance to AgfaPhoto USA

     Each of the parties to this agreement represents and warrants to the other that:

     (a) Each
parties has the full power, capacity and legal right to enter into this Agreement.

     (b) the execution and delivery of this Agreement, and the performance of its terms, does not
and will not constitute a default under the terms of any material agreement, indenture or other
instrument, license, judgment, decree, order, law, ordinance of other governmental rule or
regulation applicable to such party or any of its property;

     (c) this Agreement has been duly executed and delivered by each party and constitutes a
legal, valid and binding obligation of such party enforceable in accordance with its terms, subject
only to bankruptcy and similar laws

     4 Order PCA herewith places an order for the goods described in Exhibit A
(the “Agfa Products”) and agrees to make payment of the Purchase Price as set forth on Exhibit A
on the terms and conditions set forth herein PCA acknowledges and
agrees that AgfaPhoto USA may
delegate its obligation to manufacture and deliver the Agfa Products to Agfa GmbH Except as set
forth herein, the Purchase Price shall be payable by PCA to AgfaPhoto USA in accordance with the
terms of the Sales Contract. The Agfa Products shall be delivered to PCA by Agfa GmbH from time to
time in accordance with the schedule set forth in Exhibit A. Notwithstanding any provision
of this Agreement or the Sales Contract to the contrary, in the event
the Agfa Products are delivered to PCA prior to the delivery times indicated on Exhibit A, PCA shall not be required to
pay any balance owed for such Agfa Products to AgfaPhoto USA until the delivery date indicated on
Exhibit A for such Agfa Products

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Advance; Installment Payments; Shipments.

     (a) Advance on the Purchase Price. PCA agrees to pay the Advance to Agfa GmbH on
behalf of AgfaPhoto USA in three Installments as set forth in this Section 5. PCA agrees to pay the
Purchase Price to AgfaPhoto USA in accordance with the terms of the Sales Contract, minus all
Installments paid to Agfa GmbH, regardless of the Older numbers to which the installments relate

     (b) First Installment. PCA herewith acknowledges and agrees that, in respect of the
Order No US-01342 (the “First Installment Products”), PCA shall, following execution of this
Agreement and Verification as provided in (h) below, as a first Installment toward the Purchase
Price, pay an amount of One Hundred and Seventy Thousand Three Hundred and Seventy U S Dollars ($
l70,370 00) to the order of Agfa GmbH (the “First Installment Payment”) Upon receipt by Agfa GmbH
of the first Installment Payment, title to the goods of the orders comprising the First Installment
Products shall transfer to PCA. Upon the completion of the First Installment Products, Agfa GmbH
shall deliver the First Installment Products to PCA

     (c) Second
Installment PCA herewith acknowledges and agrees that, in respect of Order Nos
US-01489 and 0131l(the “Second Installment Products”), PCA shall, on or before October 21, 2005,
as a second Installment toward the Purchase Price pay an amount of
Two Hundred and Twenty-Four
Thousand Three Hundred and Ninety One U.S. Dollars and Twenty-Three Cents ($224,191 23) to the
order of Agfa GmbH (the “Second Installment Payment”), Upon receipt by Agfa GmbH of the Second
Installment Payment, title to the goods of the orders comprising the Second Installment Products
shall transfer to PCA. Upon the completion of the Second Installment Products, Agfa GmbH shall
deliver the Second Installment Products to PCA

(d) Third Installment PCA herewith acknowledges and agrees that, in respect of
Order Nos US-01489 and 01477 (the “Third Installment Products”). PCA shall, on or before November
4, 2005, as a third Installment toward the Purchase Price, pay the amount of One Hundred Sixty Nine
Thousand Six Hundred Forty Two U.S. Dollars and Thirty Five Cents ($ 169,642 35) to the order of
Agfa GmbH (the “Third Installment Payment”). Upon receipt by Agfa GmbH of the Third Installment
Payment, title to the goods comprising the Third Installment Products shall transfer to PCA Upon
receipt of the Third Installment Payment, Agfa GmbH shall deliver the Third Installment Products to
PCA

     (e) Objection; Cure; Dispute If goods delivered by Agfa GmbH pursuant to the Order
do not comply with the terms of the Sales Contract, PCA may deliver a written notice to AgfaPhoto
USA, identifying the goods which do not so comply and describing in sufficient detail the relevant
defects (the “Objection Notice”) Upon receipt of any Objection Notice, AgfaPhoto USA shall
provide such Objection Notice to Agfa GmbH and, in its discretion, either cure the defects
identified in the Objection Notice, replace the defective goods or obtain from Agfa GmbH a refund
the relevant portion of the Advance, or, if AgfaPhoto USA disagrees with the existence or extent of
such defect, deliver a written notice to PCA (the “Dispute Notice”) Upon the delivery of a Dispute
Notice, PCA and AgfaPhoto USA shall in good faith negotiate a settlement of the dispute If no
settlement shall be forthcoming within thirty (30) days of the delivery of the relevant goods,
either PCA or AgfaPhoto USA may initiate legal proceedings in accordance with Section 9.3.
Upon the resolution of the dispute, whether upon the mutual

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agreement of the parties or a final non-appealable judgment of a court with jurisdiction over the
matter, the amounts (if any) shall be disbursed by Agfa GmbH in accordance with such settlement or
judgment, or deemed a credit against any other orders or monies owing from PCA to AgfaPhoto USA

     (f) Delivery Dates; Partial Refund If a shipment shall not be made within five (5)
days of the relevant shipment delivery date set forth in Exhibit A or such later date as
shall be due to a delay caused by PCA or a force majeute, then the amount payable in respect of
such shipment as set forth on Exhibit A shall be immediately refunded to PCA by Agfa GmbH, however,
if such amount is not refunded by Agfa GmbH, such amount shall be deemed a credit against any other
orders or monies owing from PCA to AgfaPhoto USA.

     (g) Approval by Receiver Agfa GmbH shall provide an acceptance of this Agreement by the
Receiver in Bankruptcy for Agfa GmbH.

     (h) Verification PCA shall, from time to time, send its representative. Dave Withington, to
Agfa GmbH to verify the existence of the undelivered Agfa Products. Upon each visit, Agfa GmbH
will make available to PCA’s representative all relevant product and supporting documents

     (i) Pursuant to the Assignment and Delegation of Advance and Order entered into between
AgfaPhoto USA and Agfa GmbH, AgfaPhoto USA has delegated its obligation to deliver the Agfa
Products to PCA and assigned to Agfa GmbH its right to receive the Installments and has directed
PCA to pay such Installments directly to Agfa GmbH Agfa GmbH joins in this Agreement pursuant to
its execution of the Acceptance and Acknowledgement below, for the purpose of confirming to PCA its
acceptance of this Agreement; its obligations to produce, deliver and supply the Agfa Products
pursuant to the order and the Sales Contract and its agreement to perform all of its obligations to
PCA as set forth in this Agreement

     6. Modifications The Sales Contract shall be amended as follows:

     (a) The provisions of Sections 6 (advertising allowance) and 7{a) (rolling forecast) shall
not apply to the Order

     (b) The first sentence of Section 14(e) shall be amended to provide for the laws of the
State of New York (rather than New Jersey) and the second sentence of Section 14(e) shall provide
for the City of New York (rather than New Jersey)

     (c) Section 14(f) shall be revised to lead: “The prevailing party in any legal action based
this Agreement shall be entitled to reimbursement for all costs and expenses incurred by or on
behalf of it in connection with any dispute hereunder, including the fees and disbursements of its
attorneys and other experts”

     7 Confidentiality To supplement the provisions of Section 11 of the 2002 Sales
Contract, the parties agree that, unless otherwise required by applicable law (including, without
limitation, the securities laws of the United States and rules and regulations thereunder; it being

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understood
that PCA is a public filer under the United States securities laws), the terms and
provisions of this Agreement shall be held in strict confidence. Without limiting the generality of
the foregoing, no oral and written disclosure or announcement to the press or the public shall be
made without the prior written approval of all of the parties hereto PCA may, however, make
disclosures to its lenders pursuant to its loan agreements

     8 Confirmation Except as expressly set forth herein, the parties hereto confirm the
terms and provisions of the Agreement. All sections of the Agreement regarding the interpretation
of the Agreement shall also apply to the interpretation of this Amendment.

     9 Miscellaneous.

     9.1 No Waiver No failure on the part of AgfaPhoto USA, or its respective agents, to
exercise, and no course of dealing with respect to, and no delay in exercising, any right, power or
remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise by
AgfaPhoto USA, or any of its respective agents of any right, power or remedy hereunder preclude any
other or further exercise thereof or the exercise of any other right,
power or remedy. The
remedies herein are cumulative and are not exclusive of any remedies provided by law

     9.2 Governing Law This Agreement shall be governed by, and construed in accordance
with the law of the State of New York, without reference to principles of conflicts of law

     9.3 Dispute Resolution All disputes arising out of this Agreement and the
transactions contemplated thereby, including those concerning the validity, interpretation,
performance and termination thereof, shall be settled exclusively in the courts located in New York
City. The prevailing party shall be entitled to reimbursement of its costs and expenses of
enforcing this Agreement, including, without limitation, its
attorneys, and experts, fees and
expenses.

     9.4
Notices Any notice or other communication under this Agreement shall be in writing and
shall be given by certified mail, return receipt requested or by reputable overnight courier (e.g,
UPS, FedEx or DHL) addressed to the following addresses (or at such other address for a party as
such party shall from time to time specify by like notice):

If to PCA, to:

PCA LLC

815 Matthews-Mint Hill Road

Matthews, NC 28105

Attention: Barty Feld

If to AgfaPhoto USA, to:

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AgfaPhoto USA Corporation

100 Challenger Road

Ridgefield Park, NJ 07660-2190

Attention: Mr. Bing Liem

With a copy to:

Alston & Bird LLP

90 Park Avenue

New York, New York 10016

Attention: Paul H Silverman, Esq.

     9.5 Waivers The terms of this Agreement may be waived, altered or amended only by an
instrument in writing duly executed by the parties hereto

     9.6 Successors and Assigns This Agreement shall be binding upon and inurc to the
benefit of the respective successors and assigns, except that PCA shall not assign its duties
hereunder without the prior written consent of Agfa GmbH and AgfaPhoto USA

     9.7 Counter parts This Agreement may be executed in any number of counterparts, all
of which together shall constitute one and the same instrument and any party hereto may execute
this Agreement by signing any such counterpart

     9.8 Severability. If any provision hereof is invalid and unenforceable in any
jurisdiction, then, to the fullest extent permitted by law, (i) the other provisions hereof shall
remain in full force and effect in such jurisdiction and shall be construed in order to carry out
the intentions of the parties hereto as nearly as may be possible and (ii) the invalidity or
unenforceability of any provision hereof in any jurisdiction shall not affect the validity or
cnforceability of such provision in any other jurisdiction

     9.9 Entire Agreement This Agreement (including the documents and the instruments
referred to herein and the schedule hereto) constitutes the entire agreement and supersedes all
prior agreements and under standings, both written and oral, among the signatories hereto with
respect to the subject matter hereof. The Sales Contract shall not be superseded by this Agreement

     9.10 Specific Performance Each of the parties hereto acknowledges and agrees that
in the event of any breach of this Agreement, each non-breaching party would be irreparably and
immediately harmed and could not be made whole by monetary damages. It is accordingly agreed that
such parties shall be entitled, in addition to any other remedy to which they may be entitled at law
or in equity, to compel specific performance of this Agreement.

     9.11 Headings. Headings of the Sections of this Agreement are for convenience of the
signatories only and shall be given no substantive or interpretative effect whatsoever

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     9.12 Further Assurances The parties agree that, from time to time upon the written
request of either party, the other party will execute and deliver such further documents and do
such other acts and things as the other party may request in order fully to effect the purposes of
this Agreement

[Signatures on next page]

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day
and year first above written

	 	 	 	 	 	 	 
	 	 	Portrait Corporation of
America, Inc.
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ James Robert Wren, Jr	 	 
	 

	 	 	 	 	 	 
	 	 	Name: James Robert Wren, Jr
	 	 	Title: Exec VP & Secretary
	 
	 	 	 	 	 	 
	 	 	PCA LLC
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ James Robert Wren, Jr	 	 
	 

	 	 	 	 	 	 
	 	 	Name: James Robert Wren, Jr
	 	 	Title: Exec VP & Secretary
	 
	 	 	 	 	 	 
	 	 	AgfaPhoto USA Corporation
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Bing Liem	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Bing Liem
	 	 	Title: President & CEO
	 
	 	 	 	 	 	 
	 	 	Agreed and Accepted this 17 day of October, 2005
	 
	 	 	 	 	 	 
	 	 	AgfaPhoto GmbH
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ [ILLEGIBLE]	 	 
	 

	 	 	 	 	 	 
	 	 	Name: ILLEGIBLE
	 	 	Title: ILLEGIBLE

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Exhibit 10.____

Confidential treatment has been requested for portions of this document. This copy of the document
filed as an exhibit omits the confidential information subject to the confidential treatment
request. Omissions are designated by three asterisks (***). A complete version of this document is
being filed separately with the Securities and Exchange Commission.

AMENDED AND RESTATED LICENCE AGREEMENT

THIS AMENDED AND RESTATED LICENCE AGREEMENT MADE as of January 1, 2006

BETWEEN:

WAL-MART CANADA CORP.

(formerly, WAL-MART CANADA INC.)

(hereinafter called the “Licensor”)

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.	 	the Licensor is the owner and operator of a discount department store chain under the trade
name/trade mark Wal-Mart at several locations within Canada;
	 
	2.	 	the Licensee, the Licensor and the Guarantor entered into a licence agreement made the 9th
day of February, 1996, as amended and supplemented, wherein Licensor agreed to grant to the Licensee
licences to operate portrait studios in certain of the Licensor’s stores (the “Original
Agreement”);
	 
	3.	 	the Licensor, the Licensee and the Guarantor wish to enter into this Agreement for the
purposes of amending and restating the framework within which the aforesaid licences shall operate;
	 
	4.	 	the Guarantor has executed this Agreement for the purpose of guaranteeing the obligations of
the
Licensee under 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

 

 

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of Five Dollars ($5.00) 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:

1.00 Definitions and Recitals

1.01 For the purposes of this Agreement the following terms shall have the meanings hereafter
ascribed to them:

“Business Day” shall mean any day of the week except a Saturday, Sunday, or a statutory
holiday in the Province of Ontario;

“Commencement Date” shall have the meaning ascribed to it in section 4.10 hereof;

“Gross Sales” shall mean the entire amount of all revenue and receipts, whether from cash,
cash equivalent, credit, or otherwise, of all sales of merchandise (including gift and
merchandise certificates), services provided, and any other business activity conducted in
connection with the Licensee’s Businesses, including mail or telephone orders received or
filled in connection with any of the Licensee’s Businesses, deposits not refunded to
purchasers, orders taken, although said orders may be filled elsewhere, sales to employees,
sales through vending machines or other devices, and sales by a concessionaire, licensee,
third person or otherwise in relation to the Licensee’s Businesses. Each sale upon
installment or credit shall be treated as a sale for the full price in the week during which
such sale was made, irrespective of the time when the Licensee receives payment from its
customer. No deduction shall be allowed for uncollected or uncollectable credit accounts,
unless and until same have been incapable of collection by the Licensee for a period of six
(6) months following the occurrence of such sale, provided that in the event that same is
subsequently collected, whether in whole or in part, such collected amount shall be added to
Gross Sales as at the date of collection. “Gross Sales” shall not include, however, (i) any
sums collected and paid out for any sales or goods and services tax imposed by any duly
constituted governmental authority on any sale effected in connection with the Licensee’s
Businesses; (ii) the exchange of merchandise between the various locations of the Licensee,
if any, where such exchanges are made solely for the convenient operation of the business of
the Licensee and not for the purpose of consummating a sale which has theretofore been made
in connection with one of the Licensee’s Businesses and/or for the purpose of depriving the
Licensor of the benefit of a sale which otherwise would be made in connection with one of
the Licensee’s Businesses; (iii) the amount of returns to shippers or manufacturers, nor the
amount of any cash or credit refund made upon any sale where the merchandise sold, or some
part thereof, is thereafter returned by purchaser and accepted by the Licensee; or (iv)
sales of the Licensee’s trade fixtures;

“Licence Fee” shall have the meaning ascribed to it in section 4.01;

“Licence Schedule” shall mean the executed licence schedules forming Schedule “A” attached
hereto and forming a part of this Agreement, together with any New Store Licence
Schedules;

“Licensed Premise” shall mean such physical area within a Store as the Licensor shall
designate from time to time in its sole, absolute, and unfettered discretion for the
Licensee’s Business, with

 

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respect to those Stores for which a Licence Schedule has been executed by the
parties from time to time. For greater certainty “Licensed Premise” shall not include any
Licensed Premise with respect to which the application of this Agreement has been
terminated save and except as referred to in any Article 12.00 and any other provision of
this Agreement expressed to survive the termination of this Agreement; and “Licensed
Premises” shall mean more than one or all of the Licensed Premises collectively, as the
case may be;

“Licensee’s Business” shall mean the operation of a portrait studio department under the
Trade Name within a Licensed Premise, whereby only the following merchandise is sold, and/or
the following services are provided to the public: the taking and sale of portrait
photographs and of passport and citizenship photographs, the sale of photography-related
accessories, picture frames and other portrait accessories that do not compete with those
sold by the Licensor from time to time in its stores, the sale of photographic plaques, the
copying and restoration of old photographs, and the provision and sale of photographic
lamination services, together with such other services and/or merchandise as may be approved
by the Licensor in writing from time to time, in its sole absolute and unfettered
discretion, which approval may be withheld for any reason whatsoever; and “Licensee’s
Businesses” shall mean more than one or all of the Licensee’s Businesses collectively, as
the case may be;

“New Store Licence Schedule” shall mean a new store licence schedule executed by the
parties in substantially the form set forth in Schedule “B” attached hereto and forming
part of this Agreement;

“Stores” shall mean those retail establishments owned and operated by the Licensor from
time to time (including, without in any way limiting the generality of the foregoing, any
indoor or enclosed mall area within which the Licensor is entitled to sell merchandise) as
more particularly set forth in Licence Schedule; and “Store” shall mean any one of the
Stores;

“Term” shall have the meaning ascribed to it in section
3.01;

“Trade Name” shall mean “Wal-Mart Portrait Studio”;

“week” shall mean the period commencing at the opening of business each Saturday and ending
at the close of business on the immediately following Friday.

1.02 The recitals hereinbefore contained are true and correct and form an integral part of this
Agreement.

1.03 This Agreement hereby supercedes and replaces the Original Agreement, including all amendments
and supplements thereto and licence schedules created thereunder. For greater certainty, the
Original Agreement and all related licence schedules are hereby terminated, subject to any
provisions expressly intended to survive termination thereof.

2.00 Licence

2.01 Subject to the provisions of this Agreement, the Licensor hereby grants to the Licensee and
the Licensee does hereby accept the non-exclusive the right and licence to carry on the Licensee’s
Businesses in the Stores during the Term for the purposes set forth in section 5.01.
Notwithstanding the foregoing, the

 

 

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sales area of the Licensee is to be an integral part of each Store, and neither party shall limit
access thereto or the flow of customer traffic through such area. For greater certainty, the
Licensor shall at all times maintain care, control and access to the Licensed Premises.

2.02 The Licensor shall be entitled from time to time to unilaterally relocate a Licensed Premise
within a Store for any reason whatsoever acting reasonably, by the delivery of written notice to
that effect to the Licensee. The Licensee shall comply with the said notice and effect such work as
the Licensor stipulates is necessary for it to make the Licensed Premise comply with the said
notice, and where such relocation is at the request of Licensor, the Licensor shall reimburse the
Licensee for reasonable construction costs actually incurred to effect such relocation (which for
greater certainty shall not include any charge for administrative work or overhead of the Licensee
connected with such move, or for any loss of business or lack of trade during any period within
which the Licensee’s business operations are interrupted by the Licensor). Notwithstanding the
foregoing, the Licensee will be responsible for all costs related to
flooring, wall-covering
materials and millwork in respect of such work and for all non-construction related costs. Further,
where the relocation is at the request of the Licensee, Licensee shall be responsible for all
construction related costs as well.

     The Licensor shall be further entitled if the Licensor ceases operation of a Store and
commences the operation of a new Store in the same market area, to unilaterally relocate the
Licensed Premise of the old Store to the new Store, by the delivery of written notice to that
effect to the Licensee. The Licensee shall comply with the said notice and effect such work as the
Licensor stipulates is necessary for it to make the Licensed Premise comply with the said notice
at Licensee’s sole cost and expense.

     In the event that any such relocation precludes the Licensee from operating its business as a
result of work necessary to be effected by the Licensor to facilitate such relocation, the
Licensee shall not be required to pay the Licence Fee in connection with the affected Licensed
Premise for the period of such interruption. The Licensor shall be entitled, acting reasonably, to
designate the time and manner within which the aforesaid work shall be effected by the Licensee by
the inclusion of same in the aforesaid notice, in which case the Licensee shall comply with same.
The Licensee covenants and agrees to effect such work in a diligent and expedient fashion and to
ensure that the area wherein the Licensed Premise was formerly located is restored to its original
condition.

2.03 The Licensee, its employees, agents, contractors, service personnel, and customers shall have,
subject to section 2.04, in common with all other persons entitled thereto, free access to and use
of all entrances, stairways, aisles, corridors, washrooms, and other areas open to the public
within a Store from time to time as the Licensor shall designate during such time(s) as the
Licensee shall operate its business within the Licensed Premise in such Store.

2.04 Notwithstanding section 2.03, the Licensee, its employees, agents, contractors, and service
personnel shall only have access to such portions of a Store as the Licensor or its Store manager
shall designate from time to time for the purpose of transporting supplies, equipment, merchandise,
goods, trade fixtures, and/or such other chattels as the Licensee may require from time to time, to
and from the Licensed Premise. The Licensor shall retain exclusive possession and control of all
keys and security codes to the Store and its security systems.

 

 

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2.05 The Licensor shall have the right to install through or upon the Licensed Premises such pipes,
aisles, conduits, wires, apparatus, and other physical installations in connection with any service
system as may be proper or useful for the Licensor’s operations, but the same shall be installed so
as to interfere as little as possible with the Licensee’s use of the Licensed Premises.

2.06 The Licensee acknowledges that it has examined the Licensed Premises in the Stores and is
thoroughly familiar with the condition thereof and accepts each Licensed Premise in the condition
existing as at their respective Commencement Dates.

2.07 In the event that the parties shall from time to time desire that this Agreement shall extend
to any additional retail premises operated by the Licensor, the parties shall give effect to same
by executing a New Store Licence Schedule.

3.00 Term

3.01 Subject to section 3.02, this Agreement and the licences created pursuant to this Agreement
shall commence on the date hereinabove set forth and, subject to earlier termination as provided
for in this Agreement, continue in effect for a term ending at 12:00 midnight on the day which is
five (5) years following the date of this Agreement (the “Term”).

3.02 Notwithstanding the provisions of section 3.01, in the event that a Licence Schedule
stipulates a later or earlier date of expiration than that set forth
in section 3.01, the “Term” in
respect of the Licensee’s Business governed by such Licence Schedule and the application of this
Agreement thereto, shall commence on the Commencement Date set forth in such Licence Schedule, and
end at 12:00 midnight on the date set forth in such Licence Schedule.

3.03 The Licensor shall have the option to unilaterally renew the Term with respect to any of the
Licensee’s Businesses for two (2) renewal periods of two (2) years for each such renewal, by
delivery of written notice to that effect to the Licensee on or before the date which is thirty
(30) days prior to the expiry of the Term with respect to such Licensee’s Business. The terms of
this Agreement and the license(s) created pursuant to this Agreement shall be continued for the
renewal period, upon the exercise of any such option to renew by the Licensor.

4.00 Licence Fees

4.01 The Licensee shall pay a licence fee (the “Licence Fee”) to the Licensor in respect of each of
the Licensee’s Businesses in:

	 	(i)	 	an amount equal to *** of the total Gross Sales made by the Licensee, its
employees, concessionaires, agents, licensees, contractors, successors and assigns in
connection with each Licensee’s Business located within the front area of the
respective Store; and
	 
	 	(ii)	 	an amount to *** of the total Gross Sales made by the Licensee, its employees,
concessionaires, agents, licensees, contractors, successors and assigns in connection
with each Licensee’s Business located other than within the front area of the respective
Store.

 

 

 6

For greater certainty, determination of whether a Licensed Premise is located within the front
area of a Store shall be set out in the applicable Licence Schedule.

The Licensee covenants and agrees to pay the Licence Fee to the Licensor for each of the
Licensee’s Businesses weekly, on the date which is ten (10) Business Days following the end of
each week.

4.02 In addition, the Licensee shall bear the cost of and pay to the Licensor all applicable sales,
goods and services, value added and other taxes (the “Taxes”) exigible from time to time with
respect to any payment by it under this Agreement, in accordance with the provisions of the
legislation imposing such Taxes. The Licensee shall pay the Taxes to the Licensor on the date that
it is required to make the payment to the Licensor to which such Taxes apply.

4.03 The Licensee shall deliver to the Licensor together with each Licence Fee payment on the date
which is ten (10) days following the end of each week, a sales report (the “Sales Report”) for the
immediately preceding week containing such information and in the format set forth in Schedule “C”
attached hereto and forming a part of this Agreement. For greater certainty, the parties
acknowledge and agree that the Sales Report shall be prepared individually for each of the
Licensee’s Businesses and shall specify the Gross Sales for the immediately preceding week, and all
preceding weeks in the year, together with year to date totals shown adjacent to the budgeted
amounts for same previously agreed to with the Licensor, Licence Fee, and Taxes for the applicable
Licensee’s Business, together with a summary indicating the totals of same for all of the
Licensee’s Businesses collectively. The Licensee further covenants to provide a Sales Report
detailing the foregoing information for the immediately preceding year applicable to the Licensee’s
Businesses, on the date which is thirty (30) days following the completion of such year. The
Licensee covenants and agrees to make all of its records pertaining to the Licensee’s Businesses
available to the Licensor and its agents for inspection and/or audit forthwith following the
receipt by it of one (1) Business Day’s prior written notice from the Licensor and/or its agents
requesting same. The Licensee covenants and agrees to retain all such records for a minimum of two
(2) years following the end of each year of the Term. The Licensee shall provide the Sales Report
to the Licensor prepared using Microsoft ExcelTM and providing such file electronically as
instructed by Licensor as well as on paper.

4.04 The parties covenant and agree to re-adjust any under or over payments of the Licence Fee,
and/or Taxes payable under this Agreement with respect to the immediately preceding year of the
Term, within fifteen (15) days following any of the delivery by the Licensee to the Licensor of the
annual Sales Report referred to in s. 4.03, the date that a legitimate written request therefor by
the other party based on a reporting error and/or other failure to comply with this Agreement,
and/or the date that the Licensee becomes aware that it has effected an underpayment or overpayment
to the Licensor. If a statement of Gross Sales submitted by the Licensee in respect of one of the
Licensee’s Businesses is found to be incorrect, so that such
error resulted in an under-reporting
of Gross Sales to the Licensor which is greater than 3.5% of the Gross Sales for such Licensee’s
Business for the applicable year, the Licensee shall pay all costs incurred by the Licensor with
respect to any audits of the Licensee’s books and records for all of the Licensee’s Businesses for
such year, including, without limiting the generality of the foregoing, the costs of any internal
auditors accountants and/or associates of the Licensor involved in such process.

4.05 The Licensee shall pay to the Licensor interest on any monies owing to the Licensor which are
past due under this Agreement at the rate of the annual rate of interest announced from time to
time by

 

 

 7

TD Canada Trust as a reference rate then in effect for determining interest rates on Canadian
dollar commercial loans in Canada plus 2%. Such interest shall accrue from the date such monies
first become due and payable to the Licensor and shall be calculated and compounded semi-annually.

4.06 The Licensee covenants and agrees to deliver to the Licensor at the end of each quarter of
each of the Licensor’s fiscal years (i.e., February 1 — January 31) and, if requested by the
Licensor from time to time, contemporaneously with its execution of a New Store Licence Schedule,
copies of all of its most current financial statements, including without limiting the generality
of the foregoing, balance sheet, income statement, statement of retained earnings, and cash flow
statement, whether or not same have been independently audited and/or prepared by a chartered
accountant. In addition to the foregoing, in the event that any of such financial statements shall
be audited and/or prepared by a chartered accountant from time to time, the Licensee shall
forthwith deliver copies of any audit report or other report as to the adequacy of such financial
statements to the Licensor. The Licensor covenants and agrees to maintain any financial statements
and/or other information provided to it under this section 4.06 in confidence and shall not
disclose any of same to any other person except to the extent that such information is publicly
available or required to be disclosed by law.

5.00 Use of Licensed Premises

5.01 The Licensee shall be entitled to use each Licensed Premise for the purpose of carrying on the
Licensee’s Business and for no other purpose, save and except for such other purpose as the
Licensor may approve in writing from time to time following the receipt of a written request
therefor from the Licensee which approval may be withheld for any reason whatsoever.

5.02 The Licensee shall carry on each of the Licensee’s Businesses on such days and during such
hours as are specified in Schedule “D” attached hereto and forming part of this Agreement. For
greater certainty, nothing in this Agreement shall prevent the Licensee from extending the studio
hours of operation on a province by province or individual studio basis, provided that the Licensee
must first review such change with the Licensor and receive the Licensor’s approval to extend such
hours of operation.

5.03 The Licensee hereby acknowledges that its business reputation, intended use of the Licensed
Premises as set forth in section 5.01, potential for payment of Licence Fees and ability to
generate patronage to the Licensed Premises and the Stores were all relied upon by the Licensor and
served as significant and material inducements contributing to the Licensor’s decision to enter
into this Agreement with the Licensee. The Licensee hereby covenants and agrees: (i) to carry on
the Licensee’s Businesses only under the Trade Name and under no other name or trade name
whatsoever without the Licensor’s prior written consent which may be withheld for any reason
whatsoever, (ii) to commence on the Commencement Date and thereafter continuously use the Licensed
Premises for the retail sale of its goods or services in accordance with its permitted use set
forth in section 5.01, during the hours designated by the Licensor pursuant to section 5.02.

6.00 Operating Standards / Customer Complaints

6.01 The Licensee shall operate its business in an efficient, high class and reputable manner. In
addition, the Licensee will conduct all business in conjunction with and abiding by the Licensor’s
philosophies, culture and standards in force from time to time. The Licensee agrees with the
Licensor that

 

 

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the Licensee’s Businesses will be operated in a diligent and business-like manner in conformity
with the Licensor’s standards and policies as may be amended from time to time. The Licensee’s
employees will at all times, while on the Licensor’s premises or otherwise interacting with
Licensor’s customers, maintain a pleasant and courteous attitude toward customers. While on the
Licensor’s premises, the Licensee’s employees shall be subject to the Licensor’s rules and
regulations as may be amended from time to time. No smoking, food or drink will be allowed on the
sales floor. The personal appearance of the Licensee’s employees, agents and workmen must be neat
and clean and all attire must be consistent with attire worn by the Licensor’s sales floor
associates. The Licensee will instruct each employee to refer to the Licensor’s Store management
for details on all such rules and regulations. The Licensee shall not permit any odours or noise
which are objectionable or unpleasant to the Licensor or its customers to emanate within a Store
nor take any other action which would constitute a nuisance or would disturb or endanger the
customers or occupants of the Store, nor do anything which would tend to injure the reputation of
the Store or the Licensor.

6.02 The Licensee shall not conduct within the Licensed Premises any “fire”, “bankruptcy”,
“going-out-of-business,” “liquidation,” or other similar sale, and/or operate within the Licensed
Premises a “wholesale” or “factory outlet” store, a “cooperative store”, a “second hand” store, a
“surplus” store or a store commonly referred to as a “discount house”.

6.03 The Licensee shall maintain all its displays in a neat, and attractive condition at all times.

6.04 The Licensee shall be solely responsible for the control and management of its operations,
employment practices and labour relations concerning the Licensee’s employees and other persons
rendering services to it. For greater certainty, the Licensee shall have the sole and exclusive
control over its employees, including ensuring that its employees have proper work authorization to
work in the occupation and location specified by the Licensee, employee relations policies and
policies relating to wages, hours of work, working conditions, and conditions of its employees, and
the sole and exclusive right to hire, transfer, suspend, lay off, recall, promote, assign,
discipline, adjust grievances, and discharge said employees.

6.05 If the Licensor has any complaint concerning any employees of or persons rendering services to
the Licensee, the Licensor shall inform the Licensee of said complaint. The Licensee shall
forthwith thereafter take such actions as the Licensee deems appropriate to rectify the subject
matter of such complaint and to prevent any similar recurrence in the future. The Licensee
acknowledges and agrees that the Licensor’s store managers and assistant store managers shall be
entitled to settle any customer complaint pertaining to the Licensee and/or make any payment to any
customer to give effect to such settlement, and the Licensee shall forthwith reimburse the Licensor
for same upon receipt of a request to do so from the Licensor.

6.06 All customer complaints involving the Licensee that are received by the Licensor shall be
referred to an employee of the Licensee who shall be designated by the Licensee as its designated
corporate representative. The Licensee shall use its best efforts to respond to these complaints
within a reasonable period after receipt of same by the Licensee and the Licensee shall make a
diligent effort to promptly resolve complaints or otherwise satisfy customers’ concerns and, if so
requested by the Licensor, shall advise the Licensor of the status of any complaint and the efforts
made to resolve or satisfy same.

6.07 The Licensee shall not, without the Licensor’s prior written consent which may be withheld for
any reason whatsoever, keep anything within a Licensed Premise or use a Licensed Premise for any

 

 

 9

activity which increases the insurance premium cost or invalidates any insurance policy carried by
any person with respect to a Store or any part thereof. All property kept, stored or maintained
within the Licensed Premises by or on behalf of the Licensee shall be at the Licensee’s sole risk.

6.08 The Licensor shall maintain and repair the Stores within which the Licensed Premises are
located to the standard that it deems acceptable, acting reasonably, so as to permit the Licensee
to operate its business therein.

6.09 The Licensee covenants and agrees to provide a 20% discount on all merchandise and services
offered for sale in connection with the Licensee’s Business which is not “on sale” or offered at a
“special promotional price” to all persons entitled to use and who present at the time of purchase
a valid Wal-Mart associate discount card. Further, the Licensee may from time to time extend such
20% discount to defined persons for promotional purposes, subject to Licensor’s prior written
approval. For greater certainty, such Licensor’s approval may only be granted by Licensor’s
Director of Licensing, or by an officer of the Licensor.

6.10 The Licensor hereby grants the Licensee a licence to operate the Licensee’s Businesses under
the Trade Name, and the Licensee’s advertising may specify the local address of the Store in which
a Licensee’s Business is situate. The Licensee shall, subject to the terms of this section, be
permitted to advertise the Licensee’s Businesses in all forms of media as the Trade Name. The
Licensor shall make all reasonable efforts to assist the Licensee in obtaining any advertising or
media discount that may be available to the Licensor from time to time. Upon termination of this
Agreement with respect to a Licensee’s Business or in its entirety (as the case may be), the
licence granted by this section shall be automatically terminated and of no further force or effect
with respect to the applicable Licensee’s Business(es). Any advertising by the Licensee using the
Trade Name, Licensor’s name, and/or the mark/trademark “Wal-Mart”, must be approved in advance in
writing by Licensor. Notwithstanding anything herein contained all dealings by the Licensee with
its creditors, suppliers, workmen, contractors, agents, employees, and other similar persons shall
be conducted exclusively in the Licensee’s name, and the Licensee shall not in any manner obligate
the Licensor on account thereof.

6.11 The Licensor warrants that the Licensee’s conduct of the Licensed Businesses under the Trade
Name in conformity with this Agreement does not and will not infringe or violate any trademark,
trade name, or other intellectual property rights of any other licensee of the Licensor. Provided
that the Licensee complies with its obligations under this section 6.11, the Licensor hereby agrees
to indemnify, defend, and hold the Licensee and its parent and affiliated corporations, employees,
officers, agents, successors, and assigns harmless from all losses, damages, and expenses
(including attorney’s fees incurred by such indemnified party) which such indemnified party may
suffer as the result of any breach of the Licensor’s warranties
under this section 6.11. The
indemnity contained in this section 6.11 shall survive the
termination of this Agreement. The
Licensee hereby grants and covenants and agrees to cause the other indemnified parties to grant the
Licensor the exclusive right on behalf of the aforesaid indemnified parties to defend, compromise,
settle, retain and instruct counsel, and/or otherwise deal with any claim, demand or other
assertion made of any of them with respect to the matters for which the Licensor has agreed to
indemnify any of them under this section 6.11.

6.12 The Licensee acknowledges that the Licensor is the operator of discount stores featuring a
full stock of quality merchandise at low, competitive prices and that the Licensor’s reputation for
competitive pricing

 

 

10

and customer satisfaction are imperative to its successful operation. The Licensee agrees that each
of the Licensee’s Businesses must reasonably conform to that image. The Licensee agrees to use its
best efforts to offer to its customers the ability to obtain photographic services (including
portrait packages) from each Licensee’s Business at values equal to or better than verified,
bona fide prices offered by competitors in the market within which the applicable Licensee’s
Business is carried on.

7.00 Construction/Alterations

7.01 The Licensee shall not make any replacements, improvements, alterations or renovations to any
part of a Licensed Premise (save and except for the installation and removal of non-affixed movable
trade fixtures which may be installed without drilling, cutting or other physical alteration of any
part of the building within which the Store is located (referred to in this Agreement as “trade
fixtures”)) from that approved by the Licensor pursuant to this Agreement, without the prior
written consent of the Licensor which may be withheld for any reason whatsoever.

7.02 All alterations, additions, improvements and fixtures (save and except for trade fixtures,
unattached readily movable furniture and office equipment) which may be made or installed by the
Licensee within a Licensed Premise shall remain upon and become the property of Licensor upon the
termination of this Agreement with respect to such Licensed Premise, unless the Licensor requests
their removal in which event the Licensee shall remove the same and restore such Licensed Premise
to its original condition at its sole cost and expense.

7.03 All construction work done by the Licensee within a Licensed Premise shall be performed in a
good and workmanlike manner to a standard which is acceptable to the Licensor, in its sole,
absolute and unfettered discretion, in compliance with all governmental requirements, and in such
manner as to cause a minimum of interference with other construction in progress and with the
transaction of business in the Store.

7.04 The Licensee covenants and agrees not to permit any construction lien, claim for lien, or
other lien to arise and/or be registered against the title to the property upon which a Store is
located as a direct or indirect result of any work undertaken by it or on its behalf in respect of
a Licensed Premise. In the event that any such lien shall arise, the Licensee covenants and agrees
to, forthwith following becoming aware of same, take all possible action, including without
limitation the payment of the monies claimed into court, in order to have such lien removed from
the title to the property upon which a Store is located within five (5) Business Days thereafter.
In the event that the Licensee defaults in the aforesaid obligation, the Licensor shall be
entitled, if it so chooses, to undertake the Licensee’s obligations on its behalf and to invoice
the Licensee for all costs, including without limitation legal fees in their entirety, associated
with same, which shall be payable by the Licensee to the Licensor forthwith upon receipt by the
Licensee of a written demand therefor from the Licensor. The foregoing remedy of the Licensor is in
addition to and not substitution for any other remedies available to the Licensor under this
Agreement, at law, or in equity.

7.05 The Licensee shall furnish, at its own expense, all affixed fixed improvements, and trade
fixtures (including without in any way limiting the generality of the foregoing, cabinets,
counters, displays, seating, tables, cash registers, cameras, computer equipment and all other
furniture and equipment which it may require in to carry on each Licensee’s Business (hereinbefore
and hereinafter referred to as the

 

 

11

“Equipment”). The Licensor may from time to time require the Licensee to refurbish or update any of
the foregoing (save and except for any cameras or other photographic equipment which are not on
display to the public) and it is specifically agreed and understood that the Licensor may remodel
or refixture its retail sales floors from time to time during the term hereof, and in the event the
Licensor does so, the Licensor may require the Licensee, acting reasonably, to remodel and/or
refixture a Licensed Premise at the Licensee’s expense as necessary to reflect the remodelled or
refixtured look of the Licensor.

8.00 Insurance

8.01 The Licensee shall, at its sole cost and expense, take out and keep in full force and effect
at all times during the Term, with an insurer which is acceptable to the Licensor, a comprehensive
commercial general liability insurance policy for bodily injury and property damage with limits in
an amount of not less than Two Million ($2,000,000.00) Dollars per occurrence. Such policy of
insurance shall include coverage for personal injury liability, bodily injury liability,
contractual liability, business interruption relating to the Licensor’s operations in the Store,
liability for damage to or losses relating to the Licensed Premises and any chattels, property,
merchandise, trade fixtures, or monies located therein from time to time, and “all-risk” liability
insurance, such coverage to include the business operations conducted by the Licensee on the
Licensed Premises. Such policy of insurance shall be endorsed with an endorsement providing that no
cancellation of such policy will be effective unless the Licensor shall have received at least
thirty (30) days prior written notice of such cancellation. The Licensee shall cause such policy of
insurance to name the Licensor as an additional insured and be endorsed with a waiver of
subrogation provision in favour of the Licensor. The Licensee shall cause a certificate of
insurance executed by the insurer named in the applicable policy or policies of insurance or an
insurance broker duly authorized by such insurer to execute such certificate with respect to such
policy of insurance and endorsements, to be delivered to the Licensor concurrently with the
Licensee’s execution of this Agreement and/or from time to time following the receipt of a written
request therefor from the Licensor.

8.02 The Licensee covenants and agrees to register itself and all persons engaged for service by it
under the workers compensation legislation applicable to a Licensed Premise and to maintain such
coverage(s) in good standing throughout the Term.

9.00 Compliance with Laws

9.01 The Licensee shall, at its sole cost and expense, promptly comply with all statutes,
regulations, ordinances, rules, laws, and other legal stipulations of any governmental authority
having jurisdiction with respect to a Licensed Premise, pertaining to the Licensee’s occupancy of,
work undertaken within, and/or business operations(s) within a Licensed Premise. For greater
certainty, the parties acknowledge and agree that the Licensee shall be solely responsible to
procure and maintain at all times during the term of this Agreement or any renewal thereof, any and
all permits and/or approvals of any governmental authority having jurisdiction with respect to the
Licensed Premise required in order to occupy, undertake improvements, and operate its business
therein, and the Licensor shall have no obligations in this regard whatsoever.

9.02 Without limiting the generality of section 9.01, the Licensee covenants, warrants and
represents that throughout the Term and any renewal thereof all persons who work from time to time
within a Licensed

 

 

12

Premise employed by the Licensee or any of its sublicensees or franchisees (a “Licensee
Employee”), shall at all times while working within such Licensed Premise, be legally entitled to
work in Canada for the Licensee and/or such sublicensee or franchisee (as the case may be) at such
Licensed Premise in the specific occupation which such Licensee Employee performs at such Licensed
Premise. The Licensor may at its sole, absolute and unfettered discretion, and at any time during
the term of the Agreement and any renewal thereof, demand from the Licensee, and the Licensee
covenants and agrees to provide to the Licensor forthwith, a certification of compliance with
applicable immigration laws in such form as the Licensor in its sole, absolute, and unfettered
discretion may require. The Licensor may at its sole, absolute and unfettered discretion, and at
any time during the Term and any renewal thereof, demand from the Licensee, and the Licensee
covenants and agrees to provide to the Licensor forthwith, a detailed description of such policies
and procedures as the Licensee employs from time to time to ensure that the foregoing covenant,
warranty and representation set out in this section 9.02 is and remains true and correct at all
times.

9.03 If at any time during the Term and any renewal thereof, the Licensor suspects that a Licensee
Employee may not be authorized to work legally in Canada for the Licensee and/or its sublicensee or
franchisee (as the case may be) at such Licensed Premise in the specific occupation which such
Licensee Employee performs at such Licensed Premise, the Licensee shall forthwith investigate the
matter to the full satisfaction of the Licensor and confirm the results of the investigation to the
Licensor within forty-eight (48) hours from the time the Licensor requests that the Licensee
investigate the matter. The Licensor may also in its sole, absolute and unfettered discretion,
demand that the Licensee provide in a form that is satisfactory to the Licensor, certification that
the Licensee Employee is authorized to work legally in Canada for the Licensee and/or such
sublicensee or franchisee (as the case may be) at such Licensed Premise in the specific occupation
which such Licensee Employee performs at such Licensed Premise. Whether or not the Licensee may
have investigated the matter or provided certification, if the Licensor is satisfied at its sole,
absolute and unfettered discretion, that the Licensee Employee is at any time not legally entitled
to work in Canada for the Licensee and/or its sublicensee or franchisee (as the case may be) at a
Licensed Premise in the specific occupation which such Licensee Employee performs at such Licensed
Premise, then the Licensee shall forthwith cause such Licensee Employee to no longer work at such
Licensed Premise, and forthwith provide the Licensor with written confirmation to that effect.

10.00 Confidentiality

10.01 The Licensee acknowledges and agrees that certain information made available to it from time
to time by the Licensor, including without limiting the generality of the foregoing, information
disseminated at any management or other meeting(s) held by the Licensor at the Stores, is
confidential in nature. For the purposes of this Agreement, such confidential information
(hereinafter referred to as “Wal-Mart Confidential Information”) shall be defined as information
received by the Licensee, its agents or employees which is not generally known in the industry in
which the Licensor is engaged, or which would logically be considered confidential and/or
proprietary, or which would do the Licensor harm if divulged, or which is marked “Confidential” or
“Proprietary” by the Licensor. Wal-Mart Confidential Information shall not either directly or
indirectly be disclosed to others or used in any way by the Licensee or those for whom it is
responsible at law, without the prior written permission of the Licensor, which may be withheld for
any reason whatsoever. The provisions of this section shall survive and remain in full force and
effect following any termination of this Agreement and/or the application of this Agreement to any
of the Licensee’s Businesses.

 

 

13

10.02 The Licensor acknowledges and agrees that certain information made available to it
from time to time by the Licensee, including without limiting the generality of the foregoing,
Gross Sales of any or all of the Licensee’s Businesses, is confidential in nature. For the purposes
of this Agreement, such confidential information (hereinafter referred to as “PCA Confidential
Information”) shall be defined as information received by the Licensor, its agents or employees
which is not generally known in the industry in which the Licensee is engaged, or which would
logically be considered confidential and/or proprietary, or which would do the Licensee harm if
divulged, or which is marked “Confidential” or “Proprietary” by the Licensee. PCA Confidential
Information shall not either directly or indirectly be disclosed to others or used in any way by
the Licensor or those for whom it is responsible at law, without the prior written permission of
the Licensee, which may be withheld for any reason whatsoever. Notwithstanding the foregoing, the
Licensor shall be entitled to disclose the following PCA Confidential Information to any person
without the prior consent of the Licensee if same: (i) is already available to the public, (ii)
becomes available to the public through no fault of the Licensor; (iii) is already known to the
Licensor as shown by written records in the Licensor’s possession at the time the PCA Confidential
Information was received; and/or (iv) is required to be disclosed by law and/or enforcement of any
contractual obligation owed by the Licensor to any third person. The provisions of this section
shall survive and remain in full force and effect following any termination of this Agreement
and/or the application of this Agreement to any of the Licensee’s Businesses.

11.00 Parking

11.01 The Licensee shall comply with such rules and regulations as the Licensor may stipulate
from time to time with respect to the parking of motor vehicles in the vicinity of any Store. In
addition to the foregoing, the Licensee shall provide the licence plate numbers of all automobiles
of the Licensee, its employees, agents, and workmen, which are to be parked in the vicinity of any
Store, and such persons shall only park in those areas designated by the Licensor as associate
parking from time to time.

12.00
Default

12.01 For the purposes of this Agreement, any one or more of the following events shall
constitute a material default (“Material Default”) of this Agreement:

	 	(a)	 	failure of the Licensee to pay the Licence Fee, and/or Taxes on the date that same is
due in accordance with the provisions of this Agreement;
	 
	 	(b)	 	any sale by the Licensee of all or substantially all of its assets or any sale or
other transaction that results in the Guarantor’s ownership and voting control, directly or
indirectly, of less than 51% of the voting securities of the Licensee issued and outstanding
from time to time, with respect to which the prior written consent of the Licensor has not
been obtained, which consent may be withheld for any reason whatsoever;
	 
	 	(c)	 	the Licensee shall (i) generally not pay its debts as they fall due; (ii) admit in
writing its inability to pay its debts generally, or shall make a general assignment for the
benefit of creditors; (iii) institute or have instituted against it any proceeding seeking (A)
to adjudicate it a bankrupt or insolvent, (B) any liquidation, winding-up, reorganization,
arrangement, adjustment, protection, relief or composition of it or its debts under any law

 

14

	 	 	 	relating to bankruptcy, insolvency or re-organization or relief of debtors or otherwise, or
(C) the entry of an order for relief or the appointment of a receiver, trustee or other
similar official for it or any substantial part of its assets, and in the case of any such
proceeding instituted against it (but not instituted by it), either such proceeding shall
remain undismissed or unstayed for a period of thirty (30) days, or any of the actions
sought in such proceeding (including the entry of an order for relief against it or the
appointment of a receiver, trustee, custodian or other similar official for it or for any
substantial part of its assets) shall occur; or (iv) take any corporate action to authorize
any of the foregoing actions; and/or
	 
	 	(d)	 	the Licensee shall at any time operate or carry on any business in any way similar to
a Licensee’s Business (including without limitation a travelling or temporary portrait studio
program / service) in any department store and/or junior department store in Canada (other
than one operated from time to time by the Licensor) which is located within a twenty-five
(25) mile radius of any retail discount department store operated from time to time by the
Licensor under the trade name / trade mark Wal-Mart;
	 
	 	(e)	 	failure of the Licensee to fully comply with its obligations under section 7.04, or
Articles 8, 9 or 10.

12.02 In the event that a Material Default shall occur, the Licensor shall be entitled at any
time thereafter to terminate this Agreement or the license created pursuant to this Agreement in
respect of the Licensee’s Business(es) in respect of which such default shall have occurred and the
application of this Agreement to such Licensee’s Business(es) (as the case may be) by the delivery
of written notice to that effect to the Licensee, and upon the delivery of such written notice to
the Licensee this Agreement or such license(s) and the application of this Agreement to such
Licensee’s Business(es) (as the case may be) shall, subject to any other provision contained herein
which is expressed to survive such termination of this Agreement, be at an end. The parties
acknowledge and agree that the occurrence of a Material Default shall be incapable of rectification
by the Licensee, save and except with respect to a Material Default under section 12.01 (a) with
respect to which the Licensee has tendered and the Licensor has accepted full payment together with
interest as specified by this Agreement.

12.03 In the event that the Licensee shall at any time fail to fully perform and/or comply with
any provision contained in this Agreement, other than one giving rise to a Material Default, and
the Licensor shall have delivered written notice to the Licensee requiring the rectification of
same, in the event that such rectification shall not have been made by the date which is thirty
(30) days following the date of delivery of the aforesaid notice to the Licensee to the
satisfaction of the Licensor in its sole, absolute, and unfettered discretion, the Licensor shall
be entitled at any time thereafter and prior to the rectification by the Licensee of any such
default to terminate the license created pursuant to this Agreement in respect of the Licensee’s
Business(es) in respect of which such default shall have occurred and the application of this
Agreement to such Licensee’s Business(es) by the delivery of written notice to that effect to the
Licensee, and upon the delivery of such written notice to the Licensee such license(s) and the
application of this Agreement to such Licensee’s Business(es) shall, subject to any other provision
contained herein which is expressed to survive such termination of this Agreement, be at an end.

 

15

12.04 The Licensee acknowledges and agrees that the Licensor may be a tenant of a Store. In the
event that: (i) the Licensor’s right to occupancy of a Store is terminated for any reason
whatsoever, (ii) damage is caused to the Store which necessitates repairs taking in excess of sixty
(60) days within which to restore the Store to a condition capable of operation as a retail
establishment, and/or (iii) the Licensor elects to cease operation of a retail establishment within
the Store, this Agreement shall in turn automatically be terminated and of no further force or
effect with respect to such Store and the applicable Licensee’s Business, subject to the Licensee
paying to the Licensor the Licence Fee and Taxes and other monies that are owed to the Licensor
hereunder in respect of such Licensee’s Business to such date of termination, and notwithstanding
any other provision of this Agreement, the Licensor shall bear no responsibility or liability to
the Licensee with respect to any damage or loss which the Licensee may occasion by virtue of such
termination of this Agreement with respect to such Store and Licensee’s Business.

12.05 Notwithstanding anything herein to the contrary and in addition to any other remedy
available to the Licensor, it is specifically agreed between the parties that if at any time the
Licensee’s quality of merchandise, method of operation, merchandise variety, and/or financial
stability or solvency is not reasonably acceptable to the Licensor with respect to any of the
Licensee’s Businesses, then the Licensor may give the Licensee written notice to that effect, which
notice shall describe the nature of such deficiencies. The Licensee shall have thirty (30) days
following the receipt by it of such notice within which to correct such deficiencies. If such
deficiencies are not satisfactorily corrected within such thirty (30) day period in the sole
absolute and unfettered discretion of the Licensor, it may unilaterally terminate the license
created pursuant to this Agreement in respect of such Licensee’s Business(es) and the application
of this Agreement to such Licensee’s Business(es) by the
delivery at any time thereafter of ten (10)
further days written notice to the Licensee to that effect, and upon the expiration of such ten
(10) day period, such license(s) and the application of this Agreement to such Licensee’s
Business(es) shall, subject to any other provision contained herein which is expressed to survive
such termination of this Agreement, be at an end.

12.06 Upon any termination of this Agreement in its entirety or with respect to one of the
Licensee’s Businesses, the Licensee shall, at its sole cost and expense, forthwith following the
date that such termination shall be effective:

	 	(a)	 	immediately return all store badges and security identification which may be in the
possession of the Licensee;
	 
	 	(b)	 	immediately discontinue its use of the applicable Licensed Premise and remove any and
all of its merchandise, chattels, trade fixtures, and other property, from such Licensed
Premise;
	 
	 	(c)	 	remove any and all Signs in or about the applicable Licensed Premise;
	 
	 	(d)	 	repair any and all damage or alterations caused to the physical installations in the
Store to the standard and condition that existed immediately prior to the granting of the licence
in respect of such Licensee’s Business; and

 

16

	 	(e)	 	deliver to the Licensor any and all materials with respect to such Licensee’s Business
containing or bearing the Licensor’s trade mark/ trade name “Wal-Mart” whether alone or in
conjunction with any other name or mark.

The Licensee agrees to minimize any disruption to the commercial operations of Licensor in
Licensee’s performance of the steps set out in (a) through (e) above. The Licensor retains the
right to perform any work necessary to remove the merchandise, chattels, trade fixtures, and/or any
other property of the Licensee within the Licensed Premise, and bill the Licensee for any and all
expenses the Licensor may incur in such process and the Licensee shall forthwith pay same.
Notwithstanding anything herein contained, in the event that the Licensee fails to comply with
section 12.06(b) within twenty-one (21) days following the date of the termination of this
Agreement in its entirety or with respect to a Licensee’s Business (as the case may be), the
Licensor shall be entitled to retain for its own use, sell, or otherwise deal with such
merchandise, chattels, trade fixtures, and/or any other property of the Licensee located therein,
without notice and without any liability with respect thereto to the Licensee or any other person.
The Licensor shall be entitled to set off any monies owing to it pursuant to this provision which
are not paid in accordance with this provision against any monies it may then or in the future owe
to the Licensee. The provisions of this section 12.06 shall survive the termination of this
Agreement.

12.07 For greater certainty, the parties acknowledge and agree that the rights and remedies
available to Licensor under this Article 12 are cumulative and are in addition to and not in
substitution for any other rights or remedies available under this Agreement, at law or in equity.

13.00 Indemnity

13.01 The Licensee hereby agrees to indemnify and save the Licensor, its directors,
officers, employees, and agents, harmless from and against any and all claims, damages, losses,
liabilities, demands, suits, judgements, causes of action, legal proceedings, penalties or other
sanctions and any and all costs and expenses arising in connection therewith including legal fees
and disbursements on a solicitor and his own client basis (including, without limitation, all such
legal fees and disbursements in connection with any and all appeals) which may, either directly or
indirectly, in any way result from or arise out of or be in relation to the Licensee’s use and/or
occupation of the Licensed Premises, the Licensee’s business operations, and/or this Agreement
(save and except as a result of the negligence and/or recklessness of the Licensor and/or its
employees), including, without limiting the generality of the foregoing, arising by reason of or in
connection with:

	 	(a)	 	any breach, violation, non-observance or non-performance by the Licensee or by any of
its servants, employees, agents, invitees or any other persons for whom it is responsible, of
any of the terms or conditions contained in this Agreement;
	 
	 	(b)	 	any breach, violation, non-observance or non-performance of any applicable
immigration laws by the Licensee or by any of its servants, agents, invitees, or any other
persons for whom it is responsible;
	 
	 	(c)	 	any damage to property whether or not owned by the Licensor howsoever occasioned;

 

17

	 	(d)	 	any damage, theft, or other loss in any way related to or in respect of any property,
chattels, fixtures, merchandise and/or monies of the Licensee located from time to time in or
about a Licensed Premise;
	 
	 	(e)	 	any illness, disease or injury to any person or persons caused either directly or
indirectly by the carrying on of the Licensee’s Business(es), including death resulting at any
time therefrom;
	 
	 	(f)	 	any negligent act(s) or omission(s) of the Licensee, or anyone for whose acts it may
be responsible at law and/or in equity;
	 
	 	(g)	 	any claims pertaining to the employment of any of the Licensee’s employees, including
without limiting the generality of the foregoing, salaries and other compensation, statutory
withholdings, and workers compensation;
	 
	 	(h)	 	the occurrence of any Material Default;
	 
	 	(i)	 	the occurrence of any interruption of the business operations of the Licensor in any Store;
and/or
	 
	 	(j)	 	any legal expenses incurred by the Licensor with respect to the exercise of any of its rights
under this Agreement with respect to or following a default hereunder by the Licensee, on a
solicitor and client basis.

The provisions of this section shall survive and remain in full force and effect following any
termination of this Agreement and/or the application of this Agreement to any Licensee’s Business.

14.00 Taxes

14.01 Save and except as herein provided, the Licensee shall be solely responsible for bearing
the cost of and paying any and all licence fees and taxes, whether presently existing or created
during the Term, including without in any way limiting the generality
of the foregoing, realty,
sales, goods and services, value added, business and corporate taxes, applicable to the Licensee’s
Businesses and/or the Licensed Premises. Notwithstanding the foregoing, with respect to realty
taxes, the parties acknowledge and agree that the Licensor shall bear the cost of and pay same with
respect to the Licensed Premises, but only to the amounts applicable to each Licensed Premise as at
their respective Commencement Dates together with any increases which are not attributable to the
Licensee’s Business and/or the Licensed Premise. If anything pertaining to this Agreement and/or
the use of a Licensed Premise by the Licensee causes the assessed value and/or realty taxes or
other taxes payable, whether directly or indirectly, by the Licensor to increase, the Licensee
shall forthwith reimburse the full amount of any increase in such realty or other taxes to the
Licensor following receipt by the Licensee of a written demand therefor from the Licensor. The
Licensor shall be entitled to set off any monies owing to it pursuant to this provision which are
not paid in accordance with this provision against any monies it may then or in the future owe to
the Licensee. In the event that any such taxes are billed to the Licensor, then the Licensee
covenants and agrees to pay the same to the Licensor forthwith following receipt of a written
demand therefor from the Licensor.

 

18

14.02 In the event that a Licensed Premise is separately assessed from the balance of the Store
within which it is located so that its assessed value per square foot becomes greater than two (2)
times that for the balance of the Store, and the Licensee has undertaken and exhausted all possible
appeals of such assessment and/or the quantum of such assessment without success in reducing such
assessment beneath the aforesaid threshold, the Licensee may unilaterally terminate the license
created pursuant to this Agreement in respect of such Licensee’s Business and the application of
this Agreement to such Licensee’s Business(es) by the delivery at any time thereafter of thirty (30)
days written notice to the Licensor to that effect, and upon the expiration of such thirty (30) day
period, such license and the application of this Agreement to such Licensee’s Business shall,
subject to any other provision contained herein which is expressed to survive such termination of
this Agreement, be at an end.

15.00 Utilities

15.01 The Licensor shall provide lighting, electrical, heating, air-conditioning, and water
service (collectively the “Utilities”), and janitorial service as is necessary to operate the
Licensee’s business, and shall construct to each Licensed Premise rough-ins for the Licensee to
connect its equipment and machinery to the Utilities. The Licensee covenants and agrees to
reimburse the Licensor for the cost of any physical construction, installations, and/or alterations
to a Store and/or its service systems made by the Licensor in order to make the Utilities and
rough-ins available at each Licensed Premise. Notwithstanding the foregoing, the Licensor shall not
be responsible for any temporary interruption in such services or for any damage to the Licensee’s
property caused by any temporary interruption in any of such services, power surge, electrical
failure, or other mechanical problem.

15.02 If the Licensee wants a separate telephone line to a Licensed Premises, Licensee shall be
responsible for its telephone equipment, installation and charges. In the event Licensor installs
and provides telephone equipment to Licensee in any Licensed Premise at Licensee’s request,
Licensee shall reimburse Licensor for the costs of said installation
and equipment. The Licensee may
list such telephone number in any telephone directory using the Trade Name.

16.00 Maintenance

16.01 During such times as the Licensee carries on a Licensee’s Business, it shall keep,
operate and
maintain the applicable Licensed Premise in a clean and sanitary condition and shall leave same in
a reasonably neat and tidy condition after using same, including without limitation, following the
termination of any licence with respect to such Licensee’s Business.

17.00 Signs and Advertising

17.01 The Licensee shall not paint, display, install, erect or affix any sign, fixture,
advertisement, notice, lettering or decoration (a “Sign”) within the Licensed Premises without the
prior written consent of the Licensor which may be withheld for any reason whatsoever. In addition
to the foregoing and without in any way limiting same, any Sign displayed, installed, erected or
affixed by the Licensee within or about a Licensed Premise shall be professionally prepared, type
set and manufactured, and shall not include any hand written text, script, logos, and/or designs.
Any Sign displayed, installed, erected or affixed by the Licensee in contravention of this
provision may be removed by the Licensor at any time at the sole cost and

 

19

expense of the Licensee, and the Licensee shall forthwith reimburse the Licensor for the cost of
same following receipt of a written demand therefor from the Licensor.

17.02 The Licensee shall, subject to the Licensor’s approval as required by section 17.01, at its
sole cost and expense provide and install such reasonable number of signs as the Licensor shall
require from time to time in each Licensed Premise in a conspicuous location in full view of all
customers at all times the Store is open for business. Letters, numbers, background color, and all
other aspects of such signs shall be stipulated by the Licensor acting reasonably. Such signage is
to be located in the Licensed Premises and to compliment the surrounding decor.

18.00 Notices

18.01 Any notice or other communication required or permitted to be given by this Agreement
shall be in writing and shall be effectively given if:

	 	(a)	 	delivered personally;
	 
	 	(b)	 	sent by prepaid courier service;
	 
	 	(c)	 	sent by registered mail; or
	 
	 	(d)	 	sent by prepaid facsimile, telex or other similar means of electronic communication and
confirmed by mailing the original document so sent by prepaid mail on the same or following
day,

in the case of notice to:

	 	(a)	 	in the case of notice to the Licensor at:
	 
	 	 	 	1940 Argentia Road
	 
	 	 	 	Mississauga, Ontario
	 
	 	 	 	L5N IP9
	 
	 	 	 	Attention: Director of Licensee Operations, Robert Rozzi
	 
	 	 	 	Facsimile No.: (905) 821-6371
	 
	 	(b)	 	in case of notice to the Licensee at:
	 
	 	 	 	815 Matthews-Mint Hill Road
	 
	 	 	 	Matthews, North Carolina
	 
	 	 	 	United States of America
	 
	 	 	 	28105
	 
	 	 	 	Attention: J. Robert Wren, Jr. Legal Counsel

 

20

	 	 	 	Facsimile No.: (704) 847-8010

or at such other address as the party to whom such notice or other communication is to be given
shall have advised the party giving same in the manner provided in this section. Any notice or
other communication delivered personally or by prepaid courier service shall be deemed to have been
given and received on the day it is so delivered at such address, provided that if such day is not
a Business Day such notice or other communication shall be deemed to have been given and received
on the next following Business Day. Any notice or other communication sent by registered mail shall
be deemed to have been given and received on the fifth Business Day following the date of mailing.
Any notice or other communication transmitted by facsimile, telex or other similar form of
electronic communication shall be deemed given and received on the day of its transmission provided
that such day is a Business Day and such transmission is completed before 5:00 p.m. on such day,
failing which such notice or other communication shall be deemed given and received on the first
Business Day after its transmission. Regardless of the foregoing, if there is a mail stoppage or
labour dispute or threatened labour dispute which has affected or could affect normal mail delivery
by the applicable postal service, then no notice or other communication may be delivered by
registered mail. If there has been a mail stoppage and if a party sends a notice or other
communication by facsimile, telex or other similar means of electronic communication, such party
shall be relieved from the obligation to mail the original document in accordance with this
section.

19.00 No Liability

19.01 The Licensor shall not be liable or responsible in any way for any death or injury
arising from or out of any occurrence in, upon, at, or relating to the Licensee’s Businesses and/or
the Licensed Premises, or for any loss of or damage or injury to any property, including without
limitation the merchandise, chattels, trade fixtures, and/or any other property located therein
from time to time, belonging to the Licensee or its employees or to any other person while such
property is in the Licensed Premises, whether or not such property has been entrusted to employees
of the Licensor, or for any consequential or economic damages, loss or injury or for damages for
personal discomfort or inconvenience however caused (including, without limitation, by negligence,
fundamental breach of contract or the breach of a fundamental term of any contract), save and
except if any of same are the result of the negligence and/or recklessness of the Licensor or any
of its employees. All merchandise, chattels, trade fixtures, and/or any other property of the
Licensee kept or stored on or in the Licensed Premises shall be so kept or stored at the risk of
the Licensee only and the Licensee shall hold the Licensor harmless from and against any claims
arising out of damage to same, including, but not limited to, any subrogation claims by the
Licensee’s insurers.

20.00 No Waiver

20.01 No condoning or waiver by the Licensor of any default or breach by the Licensee at any
time or times in respect of any of the obligations, terms, covenants and conditions contained in
this Agreement to be performed or observed by the Licensee shall be deemed or construed to operate
as a waiver of the Licensor’s rights under this Agreement in respect of any continuing or
subsequent default or breach nor so as to defeat or affect in any way the rights and remedies of
the Licensor under this Agreement in respect of any such continuing or subsequent default or
breach. Unless expressly waived in writing, the failure of the Licensor to insist in any one or
more cases upon the strict performance of any of the obligations, terms, covenants and conditions
contained in this Agreement to be performed or observed by the Licensee shall not be deemed or

 

21

construed to operate as a waiver for the future strict performance or observance of such
agreements, terms, covenants and conditions.

21.00 Relationship and Assignment

21.01 The rights granted to the Licensee hereby are personal only and create no interest or
right in the Stores and/or the leasehold interest of the Licensor in the Stores. This Agreement
shall not create or confer upon the parties hereto, in any way or for any purpose, any relationship
except that of contracting parties, and in particular does not create a partnership, a joint
venture or a landlord and tenant relationship between the Licensor and the Licensee or an
employer-employee relationship between the Licensor and the employees of and other persons
rendering services to the Licensee.

21.02 The Licensee shall not assign, transfer or set over this Agreement or any part thereof,
any rights therein or thereto, and/or in any way permit anyone other than itself to carry on the
Licensee’s Business within a Licensed Premise, without having obtained the prior written consent of
the Licensor, which consent may be withheld for any reason whatsoever. In the event that the
Licensor sells its entire business operation at any Store to any third person or otherwise
transfers its entire right of possession in a Store to a third person, it shall forthwith deliver
written notice to the Licensee of that fact and upon the expiration of thirty (30) days following
the later of the date of delivery of such notice to the Licensee and the date of completion of such
transaction, the license granted to the Licensee and the application of this Agreement with respect
to the Licensee’s Business within such Store shall, subject to any other provision contained herein
which is expressed to survive such termination of this Agreement, be at an end.

22.00. Entire Agreement

22.01 This Agreement constitutes the entire agreement between the parties regarding the Licensee’s
use of the Licensed Premises. It is understood and agreed that there are no agreements, conditions,
warranties, terms, representations or arrangements, oral or written, statutory or otherwise, other
than those contained herein, and that all prior conversations, understandings, arrangements,
statements, communications or agreements, oral or written, with respect to this Agreement are
hereby superseded. No change, amendment or supplement to any provision of this Agreement shall be
binding unless it is in writing and signed by both parties hereto.

23.00 Governing Law

23.01 This Agreement shall be governed by and construed in accordance with the laws of the
Province of Ontario and the laws of Canada applicable therein. The parties hereby irrevocably
attorn to the jurisdiction of the courts of the Province of Ontario.

24.00 Time of the Essence

24.01 Time is of the essence of this Agreement and every part hereof.

 

22

25.00 Interpretation

25.01 This Agreement shall be read with all changes in gender and number required by the
context. The headings contained in this Agreement are for convenience of reference only, and shall
not affect the interpretation of this Agreement.

26.00 Payments in Canadian Currency

26.01 All references herein to currency are to Canadian currency and all payments shall be made
in Canadian currency.

27.00 Severability

27.01 If for any reason whatsoever any term, covenant or condition of this Agreement, or the
application thereof to any person, firm or corporation or circumstance, is to any extent held or
rendered invalid, unenforceable or illegal, then such term, covenant or condition:

(a) shall be deemed to be independent of the remainder of this Agreement and to be
severable and divisible therefrom, and its invalidity, unenforceability or illegality shall not
affect, impair or invalidate the remainder of this Agreement or any part thereof; and

(b) continues to be applicable to and enforceable to the fullest extent permitted by law
against any person and circumstance other than those as to which it has been held or rendered
invalid, unenforceable or illegal.

28.00 Force Majeure

28.01 Notwithstanding any other provisions of this Agreement, whenever and to the extent that
either party is unable to fulfil or is delayed or restricted in the fulfilment of any of its
obligations under this Agreement by reason of any of the following impediments:

	 	1.	 	strike;
	 
	 	2.	 	lockout;
	 
	 	3.	 	war or acts of military authority;
	 
	 	4.	 	acts of terrorism;
	 
	 	5.	 	rebellion or civil commotion;
	 
	 	6.	 	material or labour shortage not within the control of such Owners;
	 
	 	7.	 	fire, explosion;
	 
	 	8.	 	flood, wind, water, earthquake or other casualty;

 

23

	 	9.	 	any applicable lawful statute, by-law, ordinance, regulation or order;
	 
	 	10.	 	acts of God, or
	 
	 	11.	 	any act of the landlord of a Store to terminate or deny possession of the Store to the
Licensor, whether temporary or not,

not caused by the default, act, or omission of such party and not avoidable or surmountable by the
exercise of reasonable effort or foresight by it (save and except with reference to item 11 above
for which the Licensor shall have no such obligations whatsoever), then so long as any such
impediment exists, such party shall be temporarily relieved from the fulfilment of such obligation
and the other party shall not be entitled to compensation for any damage, inconvenience, nuisance
or discomfort thereby occasioned and, to the extent necessitated thereby, there shall be a
postponement of any deadline, compliance with which would be otherwise adversely affected by such
impediment, provided that at the expiration of such temporary relief, such party shall forthwith
proceed with fulfilment of such obligation.

29.00 Encumbrance

29.01 The Licensee shall not charge, mortgage, hypothecate, pledge, give a security
interest in, or otherwise encumber this Agreement and/or the alterations, additions, improvements
and fixtures (save and except for trade fixtures, unattached readily movable furniture and office
equipment) installed from time to time by the Licensee within any Licensed Premise without the
prior written consent of the Licensor, which consent may be withheld for any reason whatsoever.

30.00 Schedules

30.01 The following Schedules whether attached hereto or acknowledged as a separate document
shall form a part of this Agreement:

Schedule “A” — Licence Schedules;

Schedule “B” — Form of New Store Licence Schedule;

Schedule “C” — Form of Sales Report;

Schedule “D” — Days and Hours of Operation.

31.00 Successors and Assigns

31.01 Subject to any restrictions herein contained, this Agreement shall enure to the benefit
of and be binding upon the parties and their respective successors
and permitted assigns.

32.00 Guarantee

32.01 The Guarantor covenants and agrees with the Licensor to guarantee the performance of each
and every one of the Licensee’s obligations under this Agreement, including, without in any way
limiting the generality of the foregoing, payment of the Licence Fee and Taxes, and further
covenants and agrees to fully perform each and every obligation of the Licensee contained in this
Agreement in the event that the

 

  24

Licensee fails to do so. The obligations of the Licensee and the Guarantor under this
Agreement shall be joint and several.

33.00 Language

33.01 The parties acknowledge and agree that they have required that this Agreement be prepared in
the English language. Les parties reconnaissent avoir exige que les
presentes soient redigées en langue
anglaise.

     IN WITNESS WHEREOF the parties have executed this Agreement as of the 1st day of January,
2006.

	 	 	 	 	 	 	 
	 	 	WAL-MART CANADA CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	/s/ Ken Farrell
	 	c/s
	 

	 	 	 	 	 	 
	 

	 	 	 	Ken Farrell	 	 
	 

	 	 	 	Vice-President, Store Development	 	 
	 
	 	 	 	 	 	 
	 	 	I have authority to bind the corporation.
	 
	 	 	 	 	 	 
	 	 	PCA PHOTO CORPORATION OF CANADA, INC.
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	/s/ David Alexander Jr.
	 	c/s
	 

	 	 	 	 	 	 
	 

	 	 	 	David Alexander	 	 
	 

	 	 	 	Chairman and C.E.O	 	 
	 
	 	 	 	 	 	 
	 	 	I have authority to bind the corporation.
	 
	 	 	 	 	 	 
	 	 	PCA INTERNATIONAL, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	/s/ Jay Moore
	 	c/s
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Jay Moore	 	 
	 

	 	 	 	Title: SVP International Operations	 	 
	 
	 	 	 	 	 	 
	 	 	I have authority to bind the corporation.	 	 

 

 

SCHEDULE “A”

LICENCE SCHEDULE

The Licensor does hereby grant a non-exclusive licence to the Licensee and the Licensee does
hereby accept such licence in accordance with the Amended and Restated Licence Agreement between
the parties made as of the 1st day of January, 2006 to carry on a Licensee’s Business in or about
each of the Wal-Mart stores (each a “Store”) listed on Exhibit “A” attached hereto and forming a
part hereof.

The parties acknowledge and agree that this Licence Schedule replaces and supercedes the Licence
Schedule attached to the Original Licence Agreement as Schedule A, as amended from time to time,
which is hereby terminated. Further, the parties acknowledge and agree that this Licence Schedule
replaces and supercedes the New Store Licence Schedules entered into pursuant to the Original
Agreement, each of which are hereby terminated.

The licences created pursuant to this Licence Schedule shall commence effective as of the date
hereof (the “Commencement Date”) and, subject to earlier termination as provided for in the
Agreement, continue in effect for each Licensee’s Business for a term ending at 12:00 midnight on
the termination date noted below for such Licensee’s Business (the “Term”).

     IN WITNESS WHEREOF the parties have executed this Licence Schedule as of the 1st day of
January, 2006.

	 	 	 	 	 	 	 
	 	 	WAL-MART CANADA CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	/s/ Ken Farrell
	 	c/s
	 

	 	 	 	 	 	 
	 

	 	 	 	Ken Farrell	 	 
	 

	 	 	 	Vice-President, Store Development	 	 
	 
	 	 	 	 	 	 
	 	 	I have authority to bind the corporation.
	 
	 	 	 	 	 	 
	 	 	PCA PHOTO CORPORATION OF CANADA, INC.
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	/s/ David Alexander Jr.
	 	c/s
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: David Alexander	 	 
	 

	 	 	 	Title: Chairman and C.E.O	 	 
	 
	 	 	 	 	 	 
	 	 	I have authority to bind the corporation.
	 
	 	 	 	 	 	 
	 	 	PCA INTERNATIONAL, INC.
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	/s/ Jay Moore
	 	c/s
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Jay Moore	 	 
	 	 	 	 	Title: SVP International Operations
	 
	 	 	 	 	 	 
	 	 	I have authority to bind the corporation.

 

 

EXHIBIT A TO SCHEDULE A

PCA CORPORATION OF CANADA CORP

	 	 	 	 	 	 	 	 	 
	Wal-Mart	 	Wal-Mart Store	 	Commencement	 	Termination	 	Location in Store
	Store #	 	Name	 	Date	 	Date	 	at Commencement
	3185

	 	CORNER BROOK
	 	1-Jan-06
	 	1-Mar-06
	 	Vestibule
	3000

	 	AGINCOURT
	 	1-Jan-06
	 	4-Mar-06
	 	Back
	3196

	 	ST.JOHN’S EAST
	 	1-Jan-06
	 	21-Mar-06
	 	Vestibule
	3051

	 	LONDON, WHITE OAKS
	 	1-Jan-06
	 	25-Mar-06
	 	Back
	3096

	 	STONEY CREEK, ONT.
	 	1-Jan-06
	 	18-Apr-06
	 	Back
	3082

	 	SARNIA, ONT.
	 	1-Jan-06
	 	2-May-06
	 	Vestibule
	3085

	 	SEPT. ILES, PQ
	 	1-Jan-06
	 	6-May-06
	 	Back
	3127

	 	ANCASTER, ON
	 	1-Jan-06
	 	16-May-06
	 	Back
	3068

	 	PT . HAWKESBURY
	 	1-Jan-06
	 	3-Jun-06
	 	Back
	3090

	 	ST. LUC
	 	1-Jan-06
	 	20-Jun-06
	 	Vestibule
	3162

	 	CHARLOTTETOWN, PEI
	 	1-Jan-06
	 	24-Jun-06
	 	Front
	3140

	 	ST. BRUNO, PQ
	 	1-Jan-06
	 	26-Jun-06
	 	Front
	3007

	 	BROSSARD, QUEBEC
	 	1-Jan-06
	 	2-Jul-06
	 	Front
	3134

	 	KANATA, ONT.
	 	1-Jan-06
	 	6-Jul-06
	 	Back
	3635

	 	SCARBOROUGH CENTRE, ONT.
	 	1-Jan-06
	 	25-Jul-06
	 	Vestibule
	3064

	 	OAKVILLE, ONT.
	 	1-Jan-06
	 	31-Jul-06
	 	Front
	3048

	 	LETHBRIDGE
	 	1-Jan-06
	 	8-Aug-06
	 	Vestibule
	3073

	 	PRINCE ALBERT
	 	1-Jan-06
	 	8-Aug-06
	 	Vestibule
	3195

	 	RICHMOND HILL
	 	1-Jan-06
	 	8-Aug-06
	 	Vestibule
	3066

	 	OTTAWA, LINCOLN FIELDS
	 	1-Jan-06
	 	13-Aug-06
	 	Back
	3033

	 	GANDER, NFLD.
	 	1-Jan-06
	 	17-Aug-06
	 	Back
	3166

	 	BARRIE NORTH, ONT
	 	1-Jan-06
	 	19-Aug-06
	 	Vestibule
	3168

	 	LLOYDMINSTER, ALTA
	 	1-Jan-06
	 	19-Aug-06
	 	Vestibule
	3172

	 	ST.CATHERINES, ONT
	 	1-Jan-06
	 	19-Aug-06
	 	Vestibule
	3176

	 	YORKTON, SASK
	 	1-Jan-06
	 	19-Aug-06
	 	Vestibule
	3032

	 	FREDERICTON
	 	1-Jan-06
	 	22-Aug-06
	 	Vestibule
	3139

	 	VAL D’OR
	 	1-Jan-06
	 	22-Aug-06
	 	Vestibule
	3020

	 	CORNWALL, ONT.
	 	1-Jan-06
	 	26-Aug-06
	 	Vestibule
	3173

	 	MOOSE JAW, SASK
	 	1-Jan-06
	 	2-Sep-06
	 	Vestibule
	3147

	 	GRANDE PRAIRIE, AB
	 	1-Jan-06
	 	25-Sep-06
	 	Vestibule
	3148

	 	LEVIS, PQ
	 	1-Jan-06
	 	25-Sep-06
	 	Front
	3150

	 	MEDICINE HAT, AB
	 	1-Jan-06
	 	25-Sep-06
	 	Vestibule
	3137

	 	STE HYACINTHE
	 	1-Jan-06
	 	26-Sep-06
	 	Back
	3136

	 	ROUYN-NORANDA, PQ
	 	1-Jan-06
	 	28-Sep-06
	 	Back
	3165

	 	COTE-ST-LUC, PQ
	 	1-Jan-06
	 	29-Sep-06
	 	Vestibule
	3075

	 	RED DEER, ALBERTA
	 	1-Jan-06
	 	30-Sep-06
	 	Vestibule
	3177

	 	WINNIPEG SOUTH, MB
	 	1-Jan-06
	 	30-Sep-06
	 	Vestibule
	3178

	 	TRENTON, ONT
	 	1-Jan-06
	 	30-Sep-06
	 	Vestibule
	3163

	 	COURTENAY
	 	1-Jan-06
	 	3-Oct-06
	 	Vestibule
	3169

	 	VERNON
	 	1-Jan-06
	 	3-Oct-06
	 	Vestibule
	3197

	 	ST. THOMAS
	 	1-Jan-06
	 	3-Oct-06
	 	Vestibule

1

 

	 	 	 	 	 	 	 	 	 
	Wal-Mart	 	Wal-Mart Store	 	Commencement	 	Termination	 	Location in Store
	Store #	 	Name	 	Date	 	Date	 	at Commencement
	3636

	 	HALIFAX CENTRE
	 	1-Jan-06
	 	3-Oct-06
	 	Vestibule
	3640

	 	COLD LAKE
	 	1-Jan-06
	 	3-Oct-06
	 	Vestibule
	3069

	 	PORTAGE LA PRAIRIE
	 	1-Jan-06
	 	21-Oct-06
	 	Vestibule
	3142

	 	ORANGEVILLE, ONT.
	 	1-Jan-06
	 	30-Oct-06
	 	Front
	3143

	 	HULL, PQ
	 	1-Jan-06
	 	30-Oct-06
	 	Front
	3145

	 	VAUGHAN, ONT
	 	1-Jan-06
	 	30-0ct-06
	 	Front
	3067

	 	OWEN SOUND, ONT.
	 	1-Jan-06
	 	10-Nov-06
	 	Vestibule
	3158

	 	LANGLEY, BC
	 	1-Jan-06
	 	11-Nov-06
	 	Front
	3164

	 	LEAMINGTON, ONT
	 	1-Jan-06
	 	11-Nov-06
	 	Vestibule
	3171

	 	PEMBROKE, ONT
	 	1-Jan-06
	 	11-Nov-06
	 	Vestibule
	3129

	 	HANOVER
	 	1-Jan-06
	 	14-Nov-06
	 	Vestibule
	3184

	 	TRURO
	 	1-Jan-06
	 	14-Nov-06
	 	Vestibule
	3188

	 	LANGFORD
	 	1-Jan-06
	 	14-Nov-06
	 	Vestibule
	3191

	 	WHITEHORSE
	 	1-Jan-06
	 	14-Nov-06
	 	Front
	3637

	 	SPRUCE GROVE
	 	1-Jan-06
	 	14-Nov-06
	 	Vestibule
	3638

	 	BARRHAVEN
	 	1-Jan-06
	 	14-Nov-06
	 	Vestibule
	3646

	 	BEAUPORT
	 	1-Jan-06
	 	14-Nov-06
	 	Vestibule
	3046

	 	LA SALLE, QUEBEC
	 	1-Jan-06
	 	30-Jan-07
	 	Vestibule
	3074

	 	QUEBEC CITY
	 	1-Jan-06
	 	30-Jan-07
	 	Vestibule
	3076

	 	REGINA NORTH
	 	1-Jan-06
	 	30-Jan-07
	 	Vestibule
	3080

	 	ROSEMERE
	 	1-Jan-06
	 	30-Jan-07
	 	Vestibule
	3087

	 	ST.ALBERT
	 	1-Jan-06
	 	30-Jan-07
	 	Vestibule
	3639

	 	VALLEYFIELD
	 	1-Jan-06
	 	30-Jan-07
	 	Vestibule
	3642

	 	ST.CONSTANT
	 	1-Jan-06
	 	30-Jan-07
	 	Vestibule
	3058

	 	N BATTLEFORD, SAS
	 	1-Jan-06
	 	2-Mar-07
	 	Vestibule
	3135

	 	BRAMPTON EAST, ONT.
	 	1-Jan-06
	 	26-Mar-07
	 	Front
	3001

	 	AJAX, ONT
	 	1-Jan-06
	 	2-Apr-07
	 	Front
	3077

	 	REGINA, SOUTHLAND, SASK
	 	1-Jan-06
	 	5-Apr-07
	 	Back
	3026

	 	EDMONTON, CAPILANO
	 	1-Jan-06
	 	21-Apr-07
	 	Back
	3010

	 	CALGARY, MACLEOD
	 	1-Jan-06
	 	21-Apr-07
	 	Back
	3011

	 	CALGARY, NORTHLAND
	 	1-Jan-06
	 	21-Apr-07
	 	Back
	3036

	 	GRAND FALLS NFLD.
	 	1-Jan-06
	 	21-Apr-07
	 	Back
	3045

	 	KITCHENER, ONT.
	 	1-Jan-06
	 	21-Apr-07
	 	Back
	3055

	 	MISSISSAUGA, SQ. ONE
	 	1-Jan-06
	 	21-Apr-07
	 	Front
	3060

	 	NELSON, B.C.
	 	1-Jan-06
	 	21-Apr-07
	 	Back
	3086

	 	SHERBROOKE, QUEBEC
	 	1-Jan-06
	 	21-Apr-07
	 	Vestibule
	3091

	 	SAINT JOHN N.B.
	 	1-Jan-06
	 	21-Apr-07
	 	Vestibule
	3098

	 	SURREY B.C.
	 	1-Jan-06
	 	21-Apr-07
	 	Front
	3100

	 	SYDNEY RIVER N.S.
	 	1-Jan-06
	 	21-Apr-07
	 	Vestibule
	3105

	 	TORONTO, NORTH PARK
	 	1-Jan-06
	 	21-Apr-07
	 	Front
	3106

	 	TORONTO, DUFFERIN
	 	1-Jan-06
	 	21-Apr-07
	 	Back
	3122

	 	BELLEVILLE, ON
	 	1-Jan-06
	 	21-Apr-07
	 	Vestibule
	3123

	 	BARRIE, ON
	 	1-Jan-06
	 	21-Apr-07
	 	Vestibule
	3124

	 	THUNDER BAY, ON
	 	1-Jan-06
	 	21-Apr-07
	 	Front

2

 

	 	 	 	 	 	 	 	 	 
	Wal-Mart	 	Wal-Mart Store	 	Commencement	 	Termination	 	Location in Store
	Store #	 	Name	 	Date	 	Date	 	at Commencement
	3125

	 	GATINEAU, PQ
	 	1-Jan-06
	 	21-Apr-07
	 	Front
	3130

	 	BRAMPTON, ONT.
	 	1-Jan-06
	 	21-Apr-07
	 	Vestibule
	3131

	 	OTTAWAS
	 	1-Jan-06
	 	25-Apr-07
	 	Vestibule
	3030

	 	ESTEVAN, SK
	 	1-Jan-06
	 	29-Apr-07
	 	Back
	3056

	 	MONOTON N.B.
	 	1-Jan-06
	 	5-May-07
	 	Front
	3109

	 	VICTORIA, BC
	 	1-Jan-06
	 	9-May-07
	 	Back
	3114

	 	WINDSOR, GATEWAY
	 	1-Jan-06
	 	19-May-07
	 	Vestibule
	3099

	 	SWIFT CURRENT, SASK
	 	1-Jan-06
	 	22-May-07
	 	Front
	3083

	 	SASKATOON, CONFED. PARK
	 	1-Jan-06
	 	28-May-07
	 	Front
	3024

	 	DRYDEN, ONT
	 	1-Jan-06
	 	13-Jun-07
	 	Front
	3017

	 	CHICOUTIMI, PQ
	 	1-Jan-06
	 	15-Jun-07
	 	Back
	3021

	 	DARTMOUTH N.S.
	 	1-Jan-06
	 	20-Jun-07
	 	Back
	3053

	 	MARKHAM
	 	1-Jan-06
	 	1-Jul-07
	 	Vestibule
	3059

	 	NANAIMO
	 	1-Jan-06
	 	10-Jul-07
	 	Vestibule
	3061

	 	NEW GLASGOW N.S.
	 	1-Jan-06
	 	17-Jul-07
	 	Front
	3035

	 	GRANBY, PQ
	 	1-Jan-06
	 	19-Jul-07
	 	Back
	3015

	 	CARBONEAR, NFLD.
	 	1-Jan-06
	 	22-Jul-07
	 	Front
	3088

	 	ST CATHARINES, ONT.
	 	1-Jan-06
	 	28-Jul-07
	 	Back
	3093

	 	MOUNT PEARL
	 	1-Jan-06
	 	21-Aug-07
	 	Vestibule
	3133

	 	COBURG
	 	1-Jan-06
	 	21-Aug-07
	 	Vestibule
	3656

	 	MONTREAL NORD
	 	1-Jan-06
	 	21-Aug-07
	 	Vestibule
	3657

	 	LEDUC
	 	1-Jan-06
	 	21-Aug-07
	 	Vestibule
	3107

	 	TRANSCONA, MANITOBA
	 	1-Jan-06
	 	23-Aug-07
	 	Front
	3181

	 	CAMROSE, ALTA
	 	1-Jan-06
	 	23-Aug-07
	 	Vestibule
	3189

	 	LAVAL, PQ
	 	1-Jan-06
	 	23-Aug-07
	 	Vestibule
	3102

	 	THOMPSON, MANITOBA
	 	1-Jan-06
	 	25-Aug-07
	 	Back
	3029

	 	EDMONTON, CALGARY TRAIL
	 	1-Jan-06
	 	27-Aug-07
	 	Vestibule
	3154

	 	SHERWOOD PARK, ALTA.
	 	1-Jan-06
	 	27-Aug-07
	 	Vestibule
	3159

	 	SCARBOROUGH, ONT.
	 	1-Jan-06
	 	27-Aug-07
	 	Vestibule
	3138

	 	HALIFAX N.S.
	 	1-Jan-06
	 	29-Aug-07
	 	Front
	3047

	 	LAVAL, QUEBEC
	 	1-Jan-06
	 	19-Sep-07
	 	Back
	3014

	 	CAP DE LA MADELEINE, QUE
	 	1-Jan-06
	 	24-Sep-07
	 	Front
	3095

	 	STEPHENVILLE NFLD.
	 	1-Jan-06
	 	27-Sep-07
	 	Front
	3153

	 	ORILLIA, ONT.
	 	1-Jan-06
	 	1-Oct-07
	 	Vestibule
	3160

	 	NIAGARA FALLS, ONT.
	 	1-Jan-06
	 	1-Oct-07
	 	Vestibule
	3031

	 	ETOBICOKE, ONT
	 	1-Jan-06
	 	2-Oct-07
	 	Back
	3120

	 	WOODSTOCK
	 	1-Jan-06
	 	2-Oct-07
	 	Vestibule
	3658

	 	BROOKS
	 	1-Jan-06
	 	2-Oct-07
	 	Front
	3659

	 	MONOTON W
	 	1-Jan-06
	 	2-Oct-07
	 	Vestibule
	3019

	 	ABBOTSFORD
	 	1-Jan-06
	 	4-Oct-07
	 	Vestibule
	3040

	 	KAMLOOPS
	 	1-Jan-06
	 	4-Oct-07
	 	Vestibule
	3063

	 	NORTH BAY, ONT.
	 	1-Jan-06
	 	4-Oct-07
	 	Vestibule
	3116

	 	WINNIPEG, GRANT PARK
	 	1-Jan-06
	 	4-Ocf-07
	 	Vestibule
	3161

	 	OSHAWA
	 	1-Jan-06
	 	4-Oct-07
	 	Vestibule

3

 

	 	 	 	 	 	 	 	 	 
	Wal-Mart	 	Wal-Mart Store	 	Commencement	 	Termination	 	Location in Store
	Store #	 	Name	 	Date	 	Date	 	at Commencement
	3151

	 	CALGARY SOUTH, ALTA.
	 	1-Jan-06
	 	29-Oct-07
	 	Vestibule
	3152

	 	CAMBRIDGE, ONT.
	 	1-Jan-06
	 	29-Oct-07
	 	Vestibule
	3157

	 	FT. MCMURRAY, ALTA.
	 	1-Jan-06
	 	29-Oct-07
	 	Front
	3110

	 	WELLAND, ONT.
	 	1-Jan-06
	 	31-0ct-07
	 	Back
	3034

	 	GEORGETOWN, ONT.
	 	1-Jan-06
	 	12-Nov-07
	 	Back
	3650

	 	CALGARY (SE)
	 	1-Jan-06
	 	13-Nov-07
	 	Vestibule
	3651

	 	PRINCE GEORGE
	 	1-Jan-06
	 	13-Nov-07
	 	Vestibule
	3661

	 	FORT ST JOHN
	 	1-Jan-06
	 	13-Nov-07
	 	Front
	3737

	 	ATHOLVILLE
	 	1-Jan-06
	 	13-Nov-07
	 	Front
	5708

	 	OKOTOKS
	 	1-Jan-06
	 	13-Nov-07
	 	Vestibule
	3049

	 	LONDON, ARGYLE
	 	1-Jan-06
	 	15-Nov-07
	 	Vestibule
	3062

	 	NEWMARKET, ONT
	 	1-Jan-06
	 	15-Nov-07
	 	Vestibule
	3117

	 	WINNIPEG, UNICITY
	 	1-Jan-06
	 	15-Nov-07
	 	Vestibule
	3179

	 	REG1NA, EAST
	 	1-Jan-06
	 	15-Nov-07
	 	Vestibule
	3183

	 	CRANBROOK, BC
	 	1-Jan-06
	 	15-Nov-07
	 	Vestibule
	3194

	 	RED DEER, SOUTH, A.B.
	 	1-Jan-06
	 	15-Nov-07
	 	Vestibule
	3057

	 	N VANCOUVER, B. C.
	 	1-Jan-06
	 	20-Nov-07
	 	Back
	3167

	 	CHILLIWACK, B.C.
	 	1-Jan-06
	 	26-Nov-07
	 	Vestibule
	3186

	 	PICKERING, ONT
	 	1-Jan-06
	 	29-Nov-07
	 	Vestibule
	3054

	 	MEADOWVALE, ONT.
	 	1-Jan-06
	 	24-Jan-08
	 	Back
	3198

	 	RIMOUSKl, PQ
	 	1-Jan-06
	 	24-Jan-08
	 	Vestibule
	3101

	 	SYDNEY N.S.
	 	1-Jan-06
	 	29-Jan-08
	 	Back
	3028

	 	EDMONTON
	 	1-Jan-06
	 	29-Jan-08
	 	Vestibule
	3050

	 	LONDON (N)
	 	1-Jan-06
	 	29-Jan-08
	 	Vestibule
	3118

	 	WINNIPEG (N)
	 	1-Jan-06
	 	29-Jan-08
	 	Vestibule
	3155

	 	SAULTE STE MARIE
	 	1-Jan-06
	 	29-Jan-08
	 	Vestibule
	3645

	 	MIDLAND
	 	1-Jan-06
	 	29-Jan-08
	 	Vestibule
	3649

	 	FORT ERIE
	 	1-Jan-06
	 	29-Jan-08
	 	Vestibule
	3653

	 	UXBRIDGE
	 	1-Jan-06
	 	29-Jan-08
	 	Front
	3738

	 	NEW MINAS
	 	1-Jan-06
	 	29-Jan-08
	 	Vestibule
	3739

	 	VICTORIAVILLE
	 	1-Jan-06
	 	29-Jan-08
	 	Vestibule
	3081

	 	SACKVILLE N.S.
	 	1-Jan-06
	 	19-Feb-08
	 	Back
	3149

	 	MASCOUCHE, PQ
	 	1-Jan-06
	 	25-Feb-08
	 	Vestibule
	3002

	 	BAIE COMEAU, PQ
	 	1-Jan-06
	 	21-Apr-08
	 	Back
	3005

	 	Brantford, ON
	 	1-Jan-06
	 	21-Apr-08
	 	Vestibule
	3008

	 	BURNABY, B.C.
	 	1-Jan-06
	 	21-Apr-08
	 	Vestibule
	3146

	 	STE. FOY, PQ
	 	1-Jan-06
	 	25-Jun-08
	 	Front
	3044

	 	KIRKLAND, QUEBEC
	 	1-Jan-06
	 	8-Jul-08
	 	Front
	3012

	 	CALGARY,
	 	1-Jan-06
	 	31-Jul-08
	 	Front
	3111

	 	WESTHILL, ONT
	 	1-Jan-06
	 	19-Aug-08
	 	Front
	5753

	 	FORT SASKATCHEWAN
	 	1-Jan-06
	 	19-Aug-08
	 	Vestibule
	3113

	 	WHITBY, ONT.
	 	1-Jan-06
	 	2-Sep-08
	 	Vestibule
	3119

	 	WINNIPEG, ST VITAL
	 	1-Jan-06
	 	10-Sep-08
	 	Vestibule
	3078

	 	RENFREW
	 	1-Jan-06
	 	30-Sep-08
	 	Front

4

 

	 	 	 	 	 	 	 	 	 
	Wal-Mart	 	Wal-Mart Store	 	Commencement	 	Termination	 	Location in Store
	Store #	 	Name	 	Date	 	Date	 	at Commencement
	3115

	 	WINDSOR, EASTOWN
	 	I-Jan-06
	 	30-Sep-08
	 	Vestibule
	5726

	 	CALGARY, NW
	 	1-Jan-06
	 	30-Sep-08
	 	Vestibule
	5789

	 	AMHEARST
	 	1-Jan-06
	 	30-Sep-08
	 	Vestibule
	3009

	 	CALGARY, WESTBROOK
	 	1-Jan-06
	 	8-Oct-08
	 	Vestibule
	3108

	 	TROIS RIVERES, QUEBEC
	 	1-Jan-06
	 	11-Nov-2008
	 	Vestibule
	3655

	 	Riviere -du-Loop
	 	1-Jan-06
	 	11-Nov-2008
	 	Vestibule
	5776

	 	Dawson Creek
	 	1-Jan-06
	 	11-Nov-2008
	 	Front
	5777

	 	New Westminster
	 	1-Jan-06
	 	11-Nov-2008
	 	Vestibule
	5795

	 	Alma
	 	1-Jan-06
	 	11-Nov-2008
	 	Vestibule
	3039

	 	JOLIETTE, QUEBEC
	 	1-Jan-06
	 	27-Jan-09
	 	Vestibule
	3647

	 	Shawinigart
	 	1-Jan-06
	 	27-Jan-09
	 	Vestibule
	3654

	 	Mississauga Erin Mills
	 	1-Jan-06
	 	27-Jan-09
	 	Vestibule
	5742

	 	Bolton
	 	1-Jan-06
	 	27-Jan-09
	 	Vestibule
	5743

	 	Huntsville
	 	1-Jan-06
	 	27-Jan-09
	 	Front
	5806

	 	Fort Francis
	 	1-Jan-06
	 	27-Jan-09
	 	Front
	5811

	 	Smith Falls
	 	1-Jan-06
	 	27-Jan-09
	 	Front
	5832

	 	Thetford-Mines
	 	1-Jan-06
	 	27-Jan-09
	 	Front
	5834

	 	Terrace
	 	1-Jan-06
	 	27-Jan-09
	 	Back
	5839

	 	Cowansville
	 	1-Jan-06
	 	27-Jan-09
	 	Front
	3013

	 	CALGARY, DEERFOOT
	 	1-Jan-06
	 	28-Jan-09
	 	Vestibule
	3027

	 	EDMONTON,
	 	1-Jan-06
	 	28-Jan-09
	 	Front
	3170

	 	Burlington
	 	1-Jan-06
	 	28-Jan-09
	 	Front
	3199

	 	QUESNEL
	 	1-Jan-06
	 	7-Apr-09
	 	Front
	3016

	 	CHATHAM, ON
	 	1-Jan-06
	 	4-Aug-2009
	 	Vestibule
	3023

	 	DRUMMONDVILLE, QUE
	 	1-Jan-06
	 	4-Aug-2009
	 	Front
	3041

	 	KAPUSKASING,
	 	1-Jan-06
	 	11-Aug-09
	 	Front
	1000

	 	Milton
	 	1-Jan-06
	 	22-Sep-2009
	 	Vestibule
	1007

	 	Kitchener West
	 	1-Jan-06
	 	22-Sep-2009
	 	Vestibule
	3740

	 	Toronto (Rexdale)
	 	1-Jan-06
	 	13-Oct-2009
	 	Vestibule
	1013

	 	Grand Falls
	 	1-Jan-06
	 	11-Nov-2009
	 	Front
	1033

	 	Edmundston
	 	1-Jan-06
	 	11-Nov-2009
	 	Vestibule
	5838

	 	Surrey West (JV)
	 	1-Jan-06
	 	11-Nov-2009
	 	Vestibule
	1011

	 	Trail
	 	1-Jan-06
	 	24-Nov-2009
	 	Front
	1022

	 	Winkler
	 	1-Jan-06
	 	1-Dec-09
	 	Front
	1003

	 	Bridgewater
	 	1-Jan-06
	 	24-Jan-10
	 	Front
	1025

	 	Matane
	 	1-Jan-06
	 	24-Jan-10
	 	Front
	1027

	 	Selkirk
	 	1-Jan-06
	 	24-Jan-10
	 	Vestibule
	3042

	 	KELOWNA B.C.
	 	1-Jan-06
	 	24-Jan-10
	 	Vestibule
	3043

	 	KINGSTON, ONT.
	 	1-Jan-06
	 	24-Jan-10
	 	Vestibule
	3070

	 	PENICTON, B.C.
	 	1-Jan-06
	 	24-Jan-10
	 	Vestibule
	3084

	 	SASKATOON, WILDWOOD
	 	1-Jan-06
	 	24-Jan-10
	 	Vestibule
	3104

	 	TIMMINS, ONT.
	 	1-Jan-06
	 	24-Jan-10
	 	Vestibule
	3190

	 	Saint-Jerome
	 	1-Jan-06
	 	24-Jan-10
	 	Vestibule
	5833

	 	Miramichi
	 	1-Jan-06
	 	24-Jan-10
	 	Vestibule

5

 

	 	 	 	 	 	 	 	 	 
	Wal-Mart	 	Wal-Mart Store	 	Commencement	 	Termination	 	Location in Store
	Store #	 	Name	 	Date	 	Date	 	at Commencement
	5854

	 	Kenora
	 	1-Jan-06
	 	24-Jan-10
	 	 Front
	1004

	 	Toronto Stockyards
	 	1-Jan-06
	 	26-Jan-10
	 	 Vestibule
	1018

	 	Port Albernl
	 	1-Jan-06
	 	26-Jan-10
	 	 Vestibule
	3006

	 	BROCKVILLE, ONT
	 	1-Jan-06
	 	26-Jan-10
	 	 Vestibule
	3092

	 	ST JOHNS NFLD
	 	1-Jan-06
	 	26-Jan-10
	 	 Vestibule
	3004

	 	Brandon, MB
	 	1-Jan-06
	 	3-Aug-10
	 	Vestibule
	3065

	 	Orleans, ON
	 	1-Jan-06
	 	3-Aug-10
	 	Vestibule
	3089

	 	St Eustache
	 	1-Jan-06
	 	3-Aug-10
	 	Vestibule
	3097

	 	Sudbury, ON
	 	1-Jan-06
	 	3-Aug-10
	 	Vestibule
	3112

	 	Wetaskiwin, AB
	 	1-Jan-06
	 	3-Aug-10
	 	Vestibule
	3003

	 	BATHURST (RELO)
	 	1-Jan-06
	 	5-Oct-10
	 	Vestibule
	1032

	 	Laval (E)
	 	1-Jan-06
	 	9-Nov-10
	 	Vestibule

	 	 	 	 	 	 	 	 	 
	Wal-Mart	 	Wal-Mart Store	 	Commencement	 	Termination	 	Location in Store
	Store #	 	Name	 	Date	 	Date	 	at Commencement
	1016

	 	Yarmouth
	 	19-Jan-06
	 	18-Jan-11
	 	Front
	1020

	 	Ste. Agathe
	 	19-Jan-06
	 	18-Jan-11
	 	Front
	1038

	 	Strathroy
	 	19-Jan-06
	 	18-Jan-11
	 	Front
	1041

	 	Napanee
	 	19-Jan-06
	 	18-Jan-11
	 	Front
	1043

	 	Woodstock
	 	19-Jan-06
	 	18-Jan-11
	 	Front
	3033

	 	Gander (Relo)
	 	19-Jan-06
	 	18-Jan-11
	 	Front
	1039

	 	Collingwood
	 	19-Jan-06
	 	18-Jan-11
	 	Vestibule
	1040

	 	St. Georges de Beauce
	 	19-Jan-06
	 	18-Jan-11
	 	Vestibule
	1045

	 	St-Romuald/Charny
	 	19-Jan-06
	 	18-Jan-11
	 	Vestibule
	3071

	 	Peterborough
	 	19-Jan-06
	 	18-Jan-11
	 	Vestibule
	3099

	 	Swiff Current (Relo)
	 	19-Jan-06
	 	18-Jan-11
	 	Vestibule
	3110

	 	Welland (Relo)
	 	19-Jan-06
	 	18-Jan-11
	 	Vestibule
	1028

	 	Drumheller
	 	26-Jan-06
	 	25-Jan-11
	 	Front
	1042

	 	Hamilton (SE)
	 	26-Jan-06
	 	25-Jan-11
	 	Vestibule
	1050

	 	Airdrie
	 	26-Jan-06
	 	25-Jan-11
	 	Vestibule

6

 

SCHEDULE “B”

NEW STORE LICENCE SCHEDULE

WHEREAS Wal-Mart Canada Corp. (the “Licensor”), PCA Photo Corporation of Canada, Inc. (the
“Licensee”) and PCA International Inc., as guarantor, entered into an Amended and Restated Licence
Agreement dated as of the 1st day of January, 2006 (the “Licence Agreement”);

AND WHEREAS the Licensor and the Licensee desire that a further retail store of the Licensor be
made subject to the Licence 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 Five Dollars
($5.00) paid by each parry 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:

All of the capitalized terms used in this New Store Licence Schedule shall have the meanings
ascribed to them in the Licence Agreement unless otherwise defined.

The Licensor does hereby grant a non-exclusive licence to the Licensee and the Licensee does
hereby accept such licence in accordance with the Licence Agreement to carry on a Licensee’s
Business in or about Wal-Mart Store # § located at § (the “Store”). The parties agree that the
Licensed Premise in the Store shall be treated as a [store
front/non-store front] location for the
purposes of section 4.1 of the Licence Agreement.

The Commencement Date in respect of the Licensee’s Business located in or about this Store shall
be the date notified by Licensor to Licensee, which notice shall be given no less than five (5)
Business Days in advance. As at the date of execution of this Licence Schedule, the Commencement
Date in respect of the Licensee’s Business located in or about this Store is expected to be §, 200
§ (the “Currently Expected Commencement Date”). In the event that the aforesaid notice is not
delivered to the Licensee by the Licensor, the Commencement Date in respect of the Licensee’s
Business located in or about this Store shall be the Currently Expected Commencement Date.

The licence created pursuant to this New Store Licence Schedule shall commence on the Commencement
Date and, subject to earlier termination as provided for in the Licence Agreement, continue in
effect for a term ending at 12:00 midnight on the day which is five (5) years following the
Commencement Date for such Licensee’s Business (the “Term”).

 

 

2

Upon the execution of this New Store Licence Schedule, the Licensee’s Business located in or about
this Store shall become subject to the terms of the Licence Agreement.

     IN WITNESS WHEREOF the parties have executed this Licence Schedule this § day of §, 200§.

	 	 	 	 	 	 	 
	 	 	WAL-MART CANADA CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	 
	 	c/s
	 

	 	 	 	 	 	 
	 

	 	 	 	Ken Farrell	 	 
	 

	 	 	 	Vice-President, Store Development	 	 
	 
	 	 	 	 	 	 
	 	 	I have authority to bind the corporation.
	 
	 	 	 	 	 	 
	 	 	PCA PHOTO CORPORATION OF CANADA, INC.
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	/s/ David Alexander Jr.
	 	c/s
	 

	 	 	 	 	 	 
	 

	 	 	 	David Alexander	 	 
	 

	 	 	 	Chairman and C.E.O	 	 
	 
	 	 	 	 	 	 
	 	 	I have authority to bind the corporation.
	 
	 	 	 	 	 	 
	 	 	PCA INTERNATIONAL, INC.
	 
	 	 	 	 	 	 
	 

	 	Per:
	 	/s/ Jay Moore
	 	c/s
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Jay Moore	 	 
	 

	 	 	 	Title: SVP International Operations	 	 
	 
	 	 	 	 	 	 
	 	 	I have authority to bind the corporation.

 

 

SCHEDULE “C”

FORM OF SALES REPORT

(See attached)

 

 

					
	Submitted By

Ingrid
	 	U\SHARE\UPLOAD\DEC. 05

\Schedule C -Form of Sales Report
	 	 

Schedule C

Form of Sales Report

All Stores

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DATE	 	STORE	 	ACCT	 	INV	 	VENDOR	 	COST	 	PO RETAIL	 	COMMENT	 	REPORT	 	CO company code
	12/29/2005

	 	 	58039	 	 	 	156	 	 	 	0541	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	58039	 	 	 	563	 	 	 	0541	 	 	 	46503	 	 	 	 	 	 	PCA TAX
	 	WM
	 	CAX
	12/29/2005

	 	 	58039	 	 	 	542	 	 	 	0541	 	 	 	46503	 	 	 	 	 	 	PCA TAX
	 	WM
	 	CAX
	12/29/2005

	 	 	58039	 	 	 	563	 	 	 	0541	 	 	 	46503	 	 	 	 	 	 	PCA TAX
	 	WM
	 	CAX
	12/29/2005

	 	 	11000	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11003	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11004	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11007	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11011	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11013	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11018	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11022	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11025	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11027	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11032	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	11033	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13000	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13001	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13002	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13003	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13004	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13005	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13006	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13007	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13008	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13009	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13010	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13011	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13012	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13013	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13014	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13015	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13016	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13017	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13019	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13020	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13021	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13023	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13024	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13026	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13027	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13028	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13029	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13030	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13031	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13032	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13033	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13034	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13035	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13036	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13039	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13040	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13041	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX

1

 

					
	Submitted By

Ingrid
	 	U\SHARE\UPLOAD\DEC. 05

\Schedule C -Form of Sales Report
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DATE	 	STORE	 	ACCT	 	INV	 	VENDOR	 	COST	 	PO RETAIL	 	COMMENT	 	REPORT	 	CO company code
	12/29/2005

	 	 	13042	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13043	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13044	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13045	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13046	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13047	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13048	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13049	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13050	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13051	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13053	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13054	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13055	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13056	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13057	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13058	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13059	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13060	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13061	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13062	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13063	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13064	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13065	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13066	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13067	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13068	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13069	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13070	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13073	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13074	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13075	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13076	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13077	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13078	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13080	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13081	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13082	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13083	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13084	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13085	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13086	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13087	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13088	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13089	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13090	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13091	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13092	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13093	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13095	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13096	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13097	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13098	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13099	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13100	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13101	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13102	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13104	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX

2

 

					
	Submitted By

Ingrid
	 	U\SHARE\UPLOAD\DEC. 05

\Schedule C -Form of Sales Report
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DATE	 	STORE	 	ACCT	 	INV	 	VENDOR	 	COST	 	PO RETAIL	 	COMMENT	 	REPORT	 	CO company code
	12/29/2005

	 	 	13105	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13106	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13107	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13108	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13109	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13110	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13111	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13112	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13113	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13114	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13115	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13116	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13117	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13118	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13119	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13120	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13122	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13123	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13124	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13125	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13127	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13129	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13130	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13131	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13133	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13134	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13135	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13136	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13137	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13138	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13139	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13140	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13142	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13143	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13145	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13146	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13147	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13148	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13149	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13150	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13151	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13152	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13153	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13154	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13155	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13157	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13158	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13159	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13160	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13161	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13162	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13163	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13164	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13165	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13166	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13167	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13168	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX

3

 

					
	Submitted By

Ingrid
	 	U\SHARE\UPLOAD\DEC. 05

\Schedule C -Form of Sales Report
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DATE	 	STORE	 	ACCT	 	INV	 	VENDOR	 	COST	 	PO RETAIL	 	COMMENT	 	REPORT	 	CO company	code
	12/29/2005

	 	 	13169	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13170	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13171	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13172	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13173	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13176	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13177	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13178	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13179	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13181	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13183	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13184	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13185	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13186	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13188	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13169	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13190	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13191	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13194	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13195	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13196	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13197	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13198	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13199	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13635	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13636	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13637	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13638	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13639	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13640	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13642	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13645	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13646	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13647	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13649	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13650	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13651	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13653	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13654	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13655	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13656	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13657	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13658	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13659	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13661	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13737	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13738	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13739	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	13740	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15708	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15726	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15742	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15743	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15753	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15776	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15777	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15789	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX

4

 

					
	Submitted By

Ingrid
	 	U\SHARE\UPLOAD\DEC. 05

\Schedule C -Form of Sales Report
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	DATE	 	STORE	 	ACCT	 	INV	 	VENDOR	 	COST	 	PO RETAIL	 	COMMENT	 	REPORT	 	CO company code
	12/29/2005

	 	 	15795	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15806	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15811	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15832	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15833	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15834	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15838	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15839	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX
	12/29/2005

	 	 	15854	 	 	 	699	 	 	 	0546	 	 	 	46503	 	 	 	 	 	 	PCA
COMMISSION
	 	WM
	 	CAX

5

 

SCHEDULE “D”

DAYS AND HOURS OF OPERATION

In accordance with section 5.02 of the License Agreement, the following sets forth the days and
hours of operation for the Licensee’s Businesses.

Days of Operation:

Licensee’s Business will operate seven (7) days a week, Monday through Sunday, excluding
all holidays on which the applicable Store is closed.

Hours of Operation:

Monday through Friday:

Subject to Licensor’s sole discretion, all Licensee’s Businesses will open at 10:00
AM and operate through 2:00 PM. From 2:00 PM to 3:00 PM, there will be a posted one (1)
hour lunch break in all studios. Operations in all studios will continue from 3:00 PM to
7:00 PM for total operating hours Monday through Friday in all studios of eight (8) hours.
Within the framework of the eight (8) operating hours, Licensee will vary the hours of
operation on a region by region and/or province by province basis as the Licensor
determines to most closely match the applicable Store’s hours of operation. Operating hours
and all lunch hours will be prominently posted in all studios and in all advertising and
in-store merchandising materials.

Saturday:

Subject to Licensor’s sole discretion, all Licensee’s Businesses will open at 9:00 AM and
operate through 1:30 PM. From 1:30 PM to 2:30 PM, there will be a posted one (1) hour lunch
break in all studios. Operations in all studios will continue from 2:30 PM to 8:00 PM for total
operating hours on Saturday in all studios often (10) hours. Within the framework of the ten
(10) operating hours, Licensee will vary the hours of operation on a region by region and/or
province by province basis as the Licensor determines to most closely match applicable Store’s
hours of operation. Operating hours and all lunch hours will be prominently posted in all
studios and in all advertising and in-store merchandising materials.

Sunday:

All studios will open at 10:00 AM and operate through 2:00 PM. From 2:00 PM to 3:00 PM,
there will be a posted one (1) hour lunch break in all studios. Operations in all studios will
continue from 3:00 PM to 7:00 PM for total operating hours on Sunday of eight (8) hours. Within
the framework of the eight (8) operating hours, Licensee will vary the hours of operation on a
region by region and/or province by province basis as the Licensor determines to most closely
match the applicable Store’s hours of operation. If any of the Stores are open for business less
than nine (9) hours on a Sunday, Licensee’s hours of operation will coincide with the posted
store hours in that situation. Operating hours and all lunch hours will be prominently posted in
all studios and in all advertising and in-store merchandising materials.

 

 

2

Christmas Season:

During the seven (7) week holiday season from approximately November 1st through
December 22nd, Licensee will extend the hours of operation on Monday through Friday and
Sunday to ten (10) hours per day (from eight (8) hours per day) in consideration of higher traffic
and extended store hours by the Licensor. During this seven (7) week period, operating hours for
all seven (7) days of the week will be from 9:00 AM to 8:00 PM with a posted one (1) hour lunch
break from 1:30 PM to 2:30 PM. Within the framework of the ten (10) operating hours per day,
Licensee will vary the hours of operation on a region by region and/or province by province basis
as the Licensor determines to most closely match the applicable Store’s hours of operation.
Operating hours and all lunch hours will be prominently posted in all studios and in all
advertising and in-store merchandising materials.

Notwithstanding the foregoing, Licensee may provide Licensor with a written request to adjust the
hours of operation in respect of Licensed Premises in remote locations. Licensor’s approval for
such adjustments shall be in its sole, absolute and unfettered discretion.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]