Document:

Employment Agreement between Dollarama L.P. and Robert Coallier

 Exhibit 10.7 
 EXECUTION VERSION 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Employment Agreement, dated as of August 15, 2005 (the “Agreement”), between Dollarama L.P. and together with any permitted
assignee (collectively referred to as the “Employer”) and Robert Coallier (the “Executive”). 
 RECITALS

 WHEREAS, the Executive is expected to be an important contributor to the Business (as defined below) and has and will acquire
knowledge of highly confidential information pertaining to the Business and the affairs of the Employer; 
 WHEREAS, the Executive has
experience and expertise that qualify him to provide the direction and leadership required by the Employer and its Affiliates (as defined below); 
 WHEREAS, contemporaneously herewith, the Executive and Dollarama Capital Corporation (“DCC”) have executed an Option Agreement granting the Executive certain options to purchase various equity securities issued by DCC
subject to the terms and conditions described therein; 
 WHEREAS the parties agree that the Employer, its Affiliates and their successors
and assigns require protection of their legitimate business interests; and 
 WHEREAS, subject to the terms and conditions hereinafter set
forth, the Employer therefore wishes to confirm the terms and conditions of employment of the Executive as its Chief Financial Officer, and the Executive wishes to accept such employment. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing premises and the
mutual promises, terms, provisions and conditions set forth in this Agreement, the parties hereby agree: 
 1. Employment. Subject to
the terms and conditions set forth in this Agreement, the Employer hereby offers and the Executive hereby accepts employment. 
 2.
Term. The Executive is engaged for an indeterminate term (the “Term”) and his employment is subject to termination as set out in Section 5 below. 
 3. Capacity and Performance. 
 (a) During the Term, the Executive shall serve the Employer as its Chief Financial Officer with such customary responsibilities, duties and authority as may from time to time be assigned to him by the Chief Executive Officer of the Employer
(the “Chief Executive Officer”) and the Board of Directors of the Employer (the “Board”). In addition and 

 
without further compensation, the Executive shall serve as an officer of one or more of the Employer’s operating subsidiaries if so elected or appointed
from time to time, provided that the Employer shall provide to the Executive at all times, and pay all of the costs of, directors’ and officers’ liability insurance coverage with respect to such service as required by Section 4
hereof. 
 (b) During the Term, the Executive shall be employed by the Employer on a full-time basis and shall perform such
duties and responsibilities customary for his position on behalf of the Employer and its Affiliates as may be designated from time to time by the Chief Executive Officer and the Board. The duties to be performed by the Executive hereunder shall be
performed primarily at the principal office of the Employer in the City of Montreal, Quebec, subject to reasonable travel requirements. 
 (c) During the Term, the Executive shall devote his full business time and his best efforts, business judgment, skill and knowledge exclusively to the advancement of the Business and interests of the Employer and its
Affiliates and to the discharge of his duties and responsibilities hereunder. The Executive shall not engage in any other business activity or serve in any industry, trade, professional, governmental or academic position during the Term, except as
may be approved by the Chief Executive Officer and Board. The foregoing provisions of this Section 3(c) shall not, however, preclude the Executive from devoting a reasonable amount of time to engaging in civic, charitable or religious
activities, devoting a reasonable amount of time to private investment activities, serving as a director of one (1) outside board and/or serving as a director, officer or trustee of companies, trusts or foundations owned by, or of which the
sole beneficiaries are, family members of the Executive, provided in each case that such involvement is in compliance with the provisions of Section 8(a) hereof and does not otherwise conflict with the Executive’s responsibilities to the
Employer. 
 4. Compensation and Benefits. As compensation for all services performed by the Executive hereunder: 
 (a) Base Salary. The Employer shall pay the Executive an initial base salary at the rate of $375,000 dollars per annum, less all
applicable withholdings, payable in accordance with the payroll practices of the Employer for its executives (the “Base Salary”). Such salary shall be reviewed annually but shall not be decreased during the Term. 
 (b) Annual Bonus. During the Term, with respect to each of the Employer’s fiscal years that begins on or after
February 1, 2005, the Executive will be eligible to receive a bonus (the “Annual Bonus”) with a target of 100% of his Base Salary, except that, such Annual Bonus shall be pro rated for the fiscal year beginning on
February 1, 2005 based on the number of days between the date of this agreement and the end of such fiscal year as compared to the total number of days in such fiscal year and shall not be lower than such pro rated portion of 85% of his Base
Salary. The Annual Bonus will be based on the achievement of targets which shall be determined by the Board. 
 (c) Other
Benefits. During the Term and subject to any contribution therefor generally required of executives of the Employer, the Executive shall be entitled to 

  

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participate in any and all employee benefit plans from time to time in effect for executives of the Employer generally. Such participation shall be subject
to the terms of the applicable plan documents and generally applicable Employer policies. The Employer may alter, modify, add to or delete its employee benefit plans at any time as it, in its sole judgment, determines to be appropriate and the whole
subject to applicable law. The Executive shall be entitled to paid vacation consistent with the Employer’s vacation policy (such vacation, however, not to be less than four (4) weeks per annum, pro rated for 2005) and reasonable holidays
and illness days in accordance with the Employer’s policies as may be established and modified from time to time. 
 (d)
Short-term Disability. Subject to Section 5(b), in the event the Executive becomes disabled during the Term through any illness, injury, accident or condition of either a physical or psychological nature, and, as a result, is unable to
perform all his duties and responsibilities hereunder, the Employer will pay to the Executive the equivalent of the Executive’s Base Salary for the lesser of: 
 (i) a period of one hundred and nineteen consecutive days; or 
 (ii) until terminated in accordance with Section 5(b) of this Agreement. 
 (e) Directors’ and Officers’ Insurance. The Employer shall provide to the Executive the benefit of at all times during
the Term, and pay all of the costs of, the directors’ and officers’ liability insurance policy or policies obtained by the Employer, which shall cover the Executive for his service hereunder, whether as director, and/or officer of the
Employer or as director and/or officer of any of the Employer’s Affiliates. 
 (f) Business Expenses. The Employer
shall pay or reimburse the Executive for all reasonable, customary and necessary business expenses incurred or paid by the Executive in the performance of his duties and responsibilities hereunder in accordance with the Employer’s expense
reimbursement policy. 
 5. Termination of Employment and Severance Benefits. Notwithstanding the provisions of Section 2 hereof,
the Executive’s employment hereunder shall terminate under the following circumstances: 
 (a) Death. In the event
of the Executive’s death during the Term, the Executive’s employment hereunder shall immediately and automatically terminate. In such event, the Employer shall pay to the Executive’s designated beneficiary or, if no beneficiary has
been designated by the Executive, to his estate, (i) the Base Salary earned but not paid through the date of termination, and (ii) any business expenses incurred by the Executive but not reimbursed on the date of termination, and
(iii) any bonus compensation (other than Annual Bonus with respect to the fiscal year in which the date of termination occurs) awarded but unpaid on the date of termination; (iv) any outstanding vacation pay (collectively, “Final
Compensation”); and (v) the portion of the Annual Bonus earned for the fiscal year in which the date of termination occurs, prorated for the time of the Executive’s employment during the relevant fiscal year (the “Prorated
Bonus”), it being understood that the Prorated 

  

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Bonus will be paid following the end of the relevant fiscal year or such other time as per the Employer’s normal practice. 
 (b) Disability 
 (i) The Employer may terminate the Executive’s employment hereunder, upon written notice to the Executive, in the event that the Executive becomes disabled during his employment hereunder through any illness, injury, accident or
condition of either a physical or psychological nature and, as a result, is unable to perform substantially all of his duties and responsibilities hereunder, with or without reasonable accommodation, for ninety (90) days during any period of
one hundred eighty (180) consecutive calendar days. In the event of such termination, (a) if the Employer or its Affiliates then have in effect a Long Term Disability Plan, the Employer shall have no further obligation to the Executive,
other than for payment of Final Compensation and any Prorated Bonus and (b) if neither the Company nor its Affiliates the have in effect a Long Term Disability Plan, the Employer shall have no further obligation to the Executive, other than for
payment of amounts described in Section 5(d). 
 (ii) The Board may designate another employee to act in the
Executive’s place during any period of the Executive’s disability. While receiving disability income payments under Employer’s disability income plan, the Executive shall continue to participate in Employer benefit plans, if any, in
accordance with the terms of such plans, until the termination of his employment. 
 (c) By the Employer for Cause. The
Employer may terminate the Executive’s employment hereunder immediately for Cause at any time upon written notice to the Executive setting forth in reasonable detail the nature of such Cause. 
 Upon the giving of notice of termination of the Executive’s employment hereunder for Cause, the Employer shall have no further obligation to the
Executive, other than for Final Compensation and any requirement of applicable law. 
 (d) By the Employer Other than for
Cause. The Employer may terminate the Executive’s employment at any time, other than for Cause, Death and Disability (but only, in the case of Disability, if the Company or its Affiliates then have in effect a Long Term Disability Plan) by
(a) paying to the Executive Final Compensation and any Prorated Bonus; and (b) by providing the Executive with severance pay in lieu of notice representing the equivalent of the Executive’s Base Salary for twenty-four months,
payable by way of salary continuance in accordance with the Employer’s payroll practices at the date of termination or in a lump sum payment, at the sole discretion of the Employer. 
 These obligations of the Employer to the Executive hereunder are conditional, however, upon the Executive signing a release, reasonably acceptable to the
Employer, of any and all claims related to the employment of the Executive or the termination thereof. 
 (e) By the
Executive for Constructive Termination. The Executive may terminate his employment hereunder immediately for Constructive Termination at any time upon 

  

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written notice to the Employer setting forth in reasonable detail the nature of the Constructive Termination. In the event of such termination, the Employer
shall pay the Executive in accordance with Section 5(d). 
 Any obligation of the Employer to the Executive hereunder is conditional,
however, upon the Executive signing a release, reasonably acceptable to the Employer, of any and all claims related to the employment of the Executive or the termination thereof. 
 (f) By the Executive other than for Constructive Termination. The Executive may terminate his employment hereunder at any time upon
thirty days written notice to the Employer. In the event of termination of the Executive pursuant to Section 5(f), the Board may elect to waive the period of notice, or any portion thereof, provided the Employer pays the Executive to the term
of the notice. The Employer shall then have no further obligation to the Executive, other than for Final Compensation due to him. 
 6.
Effect of Termination. The provisions of this Section 6 shall apply to any termination of employment in accordance with Section 5. 
 (a) Payments or provision of benefits by the Employer pursuant to Section 5 shall constitute the entire obligation of the Employer to the Executive. 
 (b) Provisions of this Agreement shall survive any termination if so provided herein or if necessary or desirable to accomplish the
purposes of other surviving provisions, including without limitation the obligations of the Executive under Sections 7, 8 and 9 hereof. The obligation of the Employer to make payments to the Executive under Section 5(b)(i)(b), 5(d) or 5(e)
hereof is expressly conditioned upon the Executive’s continued full performance of obligations under Sections 7, 8 and 9 hereof. The Executive recognizes that, except as expressly provided in Section 5(b)(i)(b), 5(d) or 5(e), no
compensation is earned after termination of employment. 
 7. Confidential Information. 
 (a) The Executive acknowledges that the Employer, its Affiliates and their predecessors have developed Confidential Information and that
the Employer and its Affiliates continually develop Confidential Information, that the Executive may develop Confidential Information for the Employer and its Affiliates, that the Executive may learn of Confidential Information during the course of
employment. The Executive will comply with the policies and procedures of the Employer and its Affiliates for protecting Confidential Information and shall not disclose to any Person or use, other than as required by applicable law or for the proper
performance of his duties and responsibilities to the Employer and its Affiliates, any Confidential Information obtained by the Executive incident to his employment or other association with the Employer and its Affiliates, whether prior to, at the
time of, or subsequent to any assignment of this Agreement pursuant to Section 16. The Executive understands that this restriction shall continue to apply after his employment terminates, regardless of the reason for such termination.

 (b) All documents, records, tapes and other media of every kind and description relating to the Business, present or
otherwise, of the Employer or its Affiliates and any 

  

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copies, in whole or in part, thereof (the “Documents”), whether or not prepared by the Executive, shall be the sole and exclusive property
of the Employer and its Affiliates. The Executive shall safeguard all Documents and shall surrender to the Employer at the time his employment terminates, or at such earlier time or times as the Board or its designee may specify, all Documents then
in the Executive’s possession or control. 
 8. Restricted Activities. The Executive agrees that some restrictions on his
activities during and after his employment are necessary to protect the goodwill, Confidential Information and other legitimate interests of the Employer and its Affiliates: 
 (a) Non-Competition. While the Executive is employed by the Employer and for a period of twenty-four months after his employment
terminates for any reason, the Executive shall not, directly or indirectly, engage in any business competitive with the Business within the Territory. However, no ownership of less than five percent of the outstanding stock of any publicly traded
corporation will be deemed to be in violation of this Section 8(a) solely by reason thereof. 
 (b) Loyalty. The
Executive agrees that, during his employment with the Employer, he will not undertake any outside activity, whether or not competitive with the Business, the Employer or its Affiliates, that could reasonably give rise to a conflict of interest or
otherwise interfere with his duties and obligations to the Employer or any of its Affiliates. 
 (c) Non-Solicitation of
Employees. The Executive further agrees that while he is employed by the Employer and during an twenty-four month period after his employment terminates for any reason, the Executive shall not, directly or indirectly, recruit, offer employment,
employ, engage as a consultant, lure or entice away, or in any other manner persuade or attempt to persuade any Person who is an employee of Aris Import Inc. (hereinafter “Aris”), any Person employed by the Employer or its Affiliate
as a store manager or in any other position of equal or greater responsibility, or any Person working in the corporate office of the Employer or its Affiliate, to leave the employ of the Employer, its Affiliate or Aris, as the case may be.

 (d) Non-Solicitation of Suppliers. The Executive agrees that while he is employed by the Employer and during a
eighteen months period after his employment terminates for any reason, the Executive shall not lure, entice away, or in any other manner persuade or attempt to persuade any Supplier to cease or materially reduce its business with the Employer or any
of its Affiliates. 
 9. Assignment of Rights to Intellectual Property. The Executive shall promptly and fully disclose all
Intellectual Property to the Employer. The Executive hereby assigns and agrees to assign to the Employer (or as otherwise directed by the Employer) the Executive’s full right, title and interest in and to all Intellectual Property. The
Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or
confirmation) requested by the Employer to assign the Intellectual Property to the Employer and to permit the Employer to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge the
Employer for time spent in 

  

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complying with these obligations. All copyrightable works that the Executive creates shall be considered work made in the course of employment. 

10. Enforcement of Covenants. The Executive acknowledges that he has carefully read and considered all the terms and conditions of this
Agreement, including the restraints imposed upon him pursuant to Sections 7, 8 and 9 hereof. The Executive agrees that said restraints are necessary for the reasonable and proper protection of the Employer and its Affiliates and that each and every
one of the restraints is reasonable in respect to subject matter, length of time and geographic area. The Executive further acknowledges that, were he to breach any of the covenants contained in Sections 7, 8 and 9 hereof, the damage to the Employer
would be irreparable. The Executive therefore agrees that the Employer, in addition to any other remedies available to it, shall be entitled to preliminary and permanent injunctive relief against any breach or threatened breach by the Executive of
any of said covenants, without having to post security. 
 11. Definitions. Words or phrases which are initially capitalized or are
within quotation marks shall have the meanings provided in this Section and as provided elsewhere herein. For purposes of this Agreement, the following definitions apply: 
 (a) “Affiliates” means, with respect to any specified Person, any other Person that directly or indirectly controls, is
controlled by, or is under common control with, such specified Person. For purposes of this definition, “control”, when used in connection with any specified Person, means the power to direct the management or policies of such Person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and the terms “controls, “controlling” and “controlled” have correlative meanings. 
 (b) “Business” means the Business as conducted by the Employer and its Affiliates on the date hereof being the ownership
and operation of retail stores in Canada selling merchandise at a price point of $5.00 or less, as well as any business of the Employer and its Affiliates at any time during the employment of the Executive and at the time of termination of the
Executive’s employment. 
 (c) “Cause” means the following events or conditions, as determined by the
Board and the Chief Executive Officer, in their reasonable judgment: (i) the refusal or failure to perform (other than by reason of disability) or material negligence in the performance of the Executive’s essential duties and
responsibilities to the Employer or any of its Affiliates, or refusal or failure to follow or carry out any reasonable direction of the Board and the Chief Executive Officer provided in all cases there is a continuance of such refusal, failure or
negligence for a period of fifteen days after notice to the Executive; (ii) the commission of fraud, embezzlement or theft by the Executive; (iii) the conviction of the Executive of, or plea by the Executive of nolo contendere
to, any felony or any other crime involving dishonesty or moral turpitude; and (iv) any other conduct that involves a breach of fiduciary obligation on the part of the Executive or otherwise could reasonably be expected to have material adverse
effect upon the Business. 
 (d) “Confidential Information” means any and all information of the Employer,
Aris and their Affiliates, that is not generally available to the public. Confidential 

  

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Information also includes any information received by the Employer, Aris and their Affiliates, whether prior to, at the time of, or subsequent to any
assignment of this Agreement pursuant to Section 16, from any Person with any understanding, express or implied, that it will not be disclosed. Confidential Information does not include information that enters the public domain, other than
through a breach by the Executive or any other Person of an obligation of confidentiality in favor of the Employer, Aris and their Affiliates. 
 (e) “Constructive Termination” means the following events or conditions: (i) the Employer’s material breach of this Agreement including, without limitation, the failure of the Employer to
comply with Section 3 or 4 hereof, and the continuance of such breach for a period of fifteen days after written notice to the Employer; and (ii) if the Employer requires that the Executive move involuntarily from the Montreal metropolitan
area in order to retain employment with the Employer. 
 (f) “Intellectual Property” means inventions,
discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made, created, developed or reduced to practice by the Executive (whether
alone or with others, whether or not during normal business hours or on or off Employer premises) during the Executive’s employment that relate to either the Business or any prospective activity of the Employer or any of its Affiliates or that
make use of Confidential Information or any of the equipment or facilities of the Employer or any of its Affiliates. 
 (g)
“Long Term Disability Plan” means a long term disability benefit plan selected by the Employer in its sole discretion which provides reasonable disability income to the Executive under certain circumstances in accordance with the
terms of such plan. 
 (h) “Person” means an individual, a corporation, a limited liability company, an
association, a partnership, an estate, a trust and any other entity or organization, other than the Employer or any of its Affiliates. 
 (i) “Supplier” means any and all persons, located anywhere in the world, having supplied goods to the Employer, Aris and their Affiliates in connection with the Business; and any and all persons
located anywhere in the world retained or utilized by the Employer, Aris and their Affiliates to supply goods in connection with the Business, in both cases, at any time during the five-year period preceding the termination of Executive’s
employment. 
 (j) “Territory” means Canada. 
 12. Entire agreement. This Agreement constitutes the entire agreement between the parties on the subject matter thereof and replaces any and all
other representations, understandings, negotiations and previous agreements, written or oral, expressed or implied. 
 13. Conflicting
Agreements. The Executive hereby represents and warrants that the execution of this Agreement and the performance of his obligations hereunder will not breach or be in conflict with any other agreement to which the Executive is a party or is
bound and that the Executive is not now subject to any covenants against competition or similar covenants or any 

  

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court order or other legal obligation that would affect the performance of his obligations hereunder. The Executive will not disclose to or use on behalf of
the Employer any proprietary information of a third party without such party’s consent. 
 14. Withholding. All payments made by
the Employer under this Agreement shall be reduced by any tax or other amounts required to be withheld by the Employer under applicable law. 
 15. Currency. All and any amount of money referred to or mentioned in this Agreement shall be in Canadian Dollars. 
 16.
Assignment. Neither the Employer nor the Executive may make any assignment of this Agreement or any interest herein, by operation of law or otherwise, without the prior written consent of the other; provided, however, that the Employer may
assign its rights and obligations under this Agreement without the consent of the Executive in the event that the Employer may hereafter affect a reorganization, consolidate with, or merge into, any Person or transfer all or substantially all of its
properties or assets to any Person. This Agreement shall inure to the benefit of and be binding upon the Employer and the Executive, their respective successors, executors, administrators, heirs and permitted assigns. 
 17. Severability. In the event that any provision hereof would, under applicable law, be invalid or unenforceable in any respect, such provision
shall be construed by modifying or limiting it so as to be valid and enforceable to the maximum extent compatible with, and possible under, applicable law. The provisions hereof are severable, and in the event any provision hereof should be held
invalid or unenforceable in any respect, it shall not invalidate, render unenforceable or otherwise affect any other provision hereof. 
 18.
Waiver. No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of either party to require the performance of any term or obligation of this Agreement, or the waiver by either
party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
 19. Notices. Any and all notices, requests, demands and other communications provided for by this Agreement shall be in writing and shall be effective when delivered in person or deposited in the Canadian or
American mail, postage prepaid, registered or certified, and addressed to the Executive at his last known address on the books of the Employer or, in the case of the Employer, at its principal place of business, attention of the chief legal officer,
or to such other address as either party may specify by notice to the other actually received. 
 20. Amendment. This Agreement may be
amended or modified only by a written instrument signed by the Executive and by an expressly authorized representative of the Employer. 
 21. Headings. The headings and captions in this Agreement are for convenience only and in no way define or describe the scope or content of any provision of this Agreement. 
  

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 22. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall
be an original and all of which together shall constitute one and the same instrument. 
 23. Governing Law; Consent to Jurisdiction and
Venue. 
 (a) This Agreement shall be governed by, and construed in accordance with, the laws of the Province of
Québec and the federal laws of Canada applicable therein. 
 (b) All actions and proceedings arising out of or relating
to this Agreement shall be heard and determined by the courts of the Province of Québec, and the Parties to this Agreement hereby irrevocably submit to the exclusive jurisdiction of such courts in any such action or proceeding and irrevocably
waive the defense of an inconvenient forum to the maintenance of any such action or proceeding. The Parties hereto hereby consent to service of process by mail (in accordance with Section 19 or any other manner permitted by law.) 
 24. Language. The Parties hereby acknowledge that they have expressly required this Agreement and any documents ancillary hereto be drafted in the
English language only. Les parties reconnaissent par les présentes avoir expressément exigé que cette entente et tout document y afférent soient rédigés en langue anglaise seulement. 
 [Remainder of page intentionally left blank] 
  

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 Employment Agreement 
 IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument by the Employer, by its duly authorized representative, and by the Executive, as of the date first above written. 
  

									
	THE EXECUTIVE	 		 	DOLLARAMA L.P.
				
	/s/ Robert Coallier	 		 	 By:
	 	/s/ Nicholas Nomicos
	Robert Coallier	 		 		 	Name: Nicholas Nomicos
		 		 		 	Title: Senior Vice President, Interim Chief Financial Officer and SecretaryManagement Agreement, dated November 18, 2004, with Bain Capital Partners

 Exhibit 10.8 
 Execution Version 
 MANAGEMENT AGREEMENT 
 This Management Agreement (this “Agreement”) is entered into as of November 18, 2004 by and among Dollarama Capital Corporation, a
corporation organized under the Canada Business Corporations Act (“Can Holdco”), Dollarama Holdings L.P., a limited partnership organized under the laws of Quebec (“Holdco LP”), Dollarama Group L.P., a limited
partnership organized under the laws of Quebec (“Opco”), Dollarama L.P., a limited partnership organized under the laws of Quebec (“Subco,” and collectively with Can Holdco, Holdco LP and Opco, the
“Companies”), and Bain Capital Partners VIII, L.P. (“Bain”). 
 RECITALS 
 WHEREAS, the Companies have been formed for the purpose of acquiring the business of Dollar A.M.A. Inc. and S. Rossy Inc. (together, the
“Sellers”) (such transactions being referred to herein as the “Acquisition”), all on the terms and subject to the conditions of that certain Asset Purchase Agreement dated as of October 21, 2004, as amended
(the “Purchase Agreement”) among the Can Holdco (then known as 4258401 Canada Inc.), the Sellers and certain of their respective affiliates; 
 WHEREAS, Bain is advising the Companies in connection with the Companies’ structuring and negotiation of senior secured debt financing (the “Senior Financing”) and subordinated debt
financing (the “Bridge Financing” and, together with the Senior Financing, the “Debt Financing”) being provided for the Acquisition; 
 WHEREAS, certain entities affiliated with Bain, including certain entities controlled by Bain that were formed in connection with the consummation of the transactions contemplated by the Purchase Agreement (the
“Bain Funds”) are investing directly or indirectly (the “Investments”) in Can Holdco in connection with the Acquisition; 
 WHEREAS, to enable the Companies to engage in the Acquisition and related transactions, Bain has provided financial and structural advice and analysis as well as assistance with due diligence investigations and
negotiations; and 
 WHEREAS, the Companies want to retain Bain to provide certain management and advisory services to the Companies,
and Bain is willing to provide such services on the terms set forth below; 
 AGREEMENT 
 NOW THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto, intending to be legally bound, hereby agree as follows:

 1. Services. Bain hereby agrees that, during the Term, it will provide the following consulting and management advisory services to
the Companies: 
 (a) advice in connection with the Companies’ negotiation and consummation of agreements, contracts,
documents and instruments necessary to provide the 

 
Companies with financing from banks or other financial institutions or other entities on terms and conditions satisfactory to the Companies; 
 (b) financial, managerial and operational advice in connection with the Companies’ day-to-day operations, including, without
limitation, advice with respect to the development and implementation of strategies for improving the operating, marketing and financial performance of the Companies; and 
 (c) such other services (which may include financial and strategic planning and analysis, consulting services, human resources and
executive recruitment services and other services) as Bain and the Companies may from time to time agree in writing. 
 Bain will devote such time and
efforts to the performance of services contemplated hereby as Bain deems reasonably necessary or appropriate; provided, however, that no minimum number of hours is required to be devoted by Bain on a weekly, monthly, annual or other basis.
The Companies acknowledge that Bain’s services are not exclusive and that Bain will render similar services to other persons and entities. Bain and the Companies understand that the Companies may, at times, engage one or more investment bankers
or financial advisors to provide services in addition to, but not in lieu of, services provided by Bain under this Agreement. In providing services to the Companies, Bain will act as an independent contractor and it is expressly understood and
agreed that this Agreement is not intended to create, and does not create, any partnership, agency, joint venture or similar relationship and that neither Bain, on the one hand, or the Companies on the other hand, has the right or ability to
contract for or on behalf of each other or to effect any transaction for each other’s account. 
 2. Payment of Fees. 

(a) The Companies will solidarily (i.e. jointly and severally) pay to Bain (or an affiliate of Bain designated by it) a fee in
the amount of Cdn$10,150,000 in connection with the structuring of the Debt Financing for the Acquisition, and will reimburse Bain for any and all expenses incurred through the Closing Date in connection with the Acquisition or otherwise on behalf
of the Companies, such fees and expenses being payable by the Companies at the closing of the Acquisition or, if the Acquisition is not consummated, promptly after the time the Companies have abandoned the Acquisition; 
 (b) During the Term, the Companies will solidarily (i.e. jointly and severally) pay to Bain (or an affiliate of Bain designated by
it) an annual management fee (which will be inclusive of any directors fees or committee fees payable by the Companies to any Bain employees or partners who serve on the board of directors or any committee of the Companies or any of its
subsidiaries) not to exceed Cdn$3,000,000 in exchange for the ongoing management services provided by Bain under this Agreement, such fee being payable by the Companies quarterly in advance and prorated for any partial period of less than three
months, the first such payment to be made by wire transfer at the closing of the Acquisition with respect to the fiscal quarter of Opco ending January 31, 2005. 
  

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 (c) During the Term, Bain will also advise Holdings and the Companies in connection with
financing (excluding any financings related to the refinancing of the Bridge Financing and the Senior Subordinated Notes issued by Can Holdco or an affiliate to one or more of the Bain Funds), acquisition and disposition transactions (however
structured) involving Can Holdco or any of its direct or indirect subsidiaries, and the Companies will pay to Bain (or their respective designees, as the case may be) a fee, subject to the approval of the majority of the members of Can Holdco’s
Board of Directors who are not affiliated with Bain, for services rendered in connection with each such transaction (other than an Initial Public Offering (as defined in the Securityholders Agreement)) equal to up to one percent (1%) of the
gross transaction value of such transaction, such fee to be due and payable at the closing of such transaction. 
 Each payment made pursuant
to this Section 2 will be paid by wire transfer of immediately available funds to the account specified on Schedule 1 hereto, or to such other account(s) as Bain may specify to the Companies in writing prior to such payment. 
 3. Term. This Agreement will continue in full force and effect for a term of five years commencing on the date hereof and shall
automatically be extended thereafter for successive terms of one year unless Can Holdco provides notice, at least sixty days prior to the end of any initial or successive term, that this Agreement shall not be extended, in which event this Agreement
shall expire at the end of such term; provided, however, that (a) either Can Holdco, on the one hand, or Bain, on the other hand, may terminate this Agreement following a material breach of the terms of this Agreement by the other party
and a failure to cure such breach within 30 days following written notice thereof, (b) if Can Holdco owns or operates a business (directly or indirectly through one or more subsidiaries) other than the business operated by Opco and Can Holdco
does not directly or indirectly own at least a majority in interest of the partnership interests in Opco, then Opco may elect not to extend the term of this Agreement as to itself by providing notice, at least sixty days prior to the end of any
initial or successive term, that this Agreement shall not be extended as to Opco, in which event this Agreement shall expire as to Opco at the end of such term, (c) if Can Holdco does not own or operate a business (directly or indirectly
through one or more subsidiaries) and Can Holdco does not own at least a majority in interest of the partnership interests in Opco, then Opco may elect not to extend the term of this Agreement by providing notice, at least sixty days prior to the
end of any initial or successive term, that this Agreement shall not be extended, in which event this Agreement shall expire at the end of such term, and (d) Bain may terminate this Agreement upon not less than 10 days written notice to the
Companies; and provided further that each of (x) the obligations of the Companies under Section 4 below and the provisions of Section 5 below (whether in respect of or relating to services rendered prior to termination of this
Agreement or in respect of or relating to any services provided after termination of this Agreement), (y) any and all accrued and unpaid obligations of the Companies owed under Section 2 above and (z) the provisions of Section 8
will all survive any termination of this Agreement to the maximum extent permitted under applicable law. The term of this Agreement, as from time to time extended, is referred to herein as “Term.” 
  

 -3- 

 4. Expenses; Indemnification. 
 (a) Expenses. The Companies will solidarily (i.e. jointly and severally) pay on demand all reasonable expenses
incurred by Bain and the Bain Funds (or any of them) (i) in connection with this Agreement, the Acquisition or any related transactions, (ii) relating to operations of, or services provided by Bain to, the Companies or their affiliates
from time to time or (iii) otherwise in any way relating to the Companies or in any way relating to, or arising out of, the Investments or the ownership thereof by any Bain Fund. Without limiting the generality of the foregoing, the Companies
solidarily (i.e. jointly and severally) agree to pay on demand all reasonable expenses incurred by Bain and the Bain Funds (or any of them) in connection with, or relating to, (x) the preparation, negotiation and execution of this
Agreement and any other agreement executed in connection with, or related to, this Agreement, the Acquisition, the Debt Financing, the Investments or the consummation of the transactions contemplated hereby and thereby, (y) any and all
amendments, modifications, restructurings and waivers, and exercises and preservations of rights and remedies relating to any of the foregoing, and in each case will specifically include the reasonable fees and disbursements of Ropes & Gray
LLP and Stikeman Elliott LLP, special counsel to Bain and the Bain Funds, PricewaterhouseCoopers LLP, accountant to Bain and the Bain Funds and any other consultants or advisors retained by Bain, the Bain Funds or their respective consultants or
advisors and any out-of-pocket expenses incurred by Bain in connection with the provision of services to the Companies from time to time or the attendance at any meeting of the board of directors (or any committee thereof) of the Companies or any of
their respective affiliates, or (z) operating expenses incurred in the ordinary course of business and other corporate or organizational costs and expenses incurred by any Bain Fund that was formed for the purpose of directly or indirectly
making an Investment and that does not hold any equity interest in any business other than the business of the Companies. 
 (b) Indemnity and Liability. The Companies hereby solidarily (i.e. jointly and severally) indemnify and agree to exonerate and hold each of Bain, each Bain Fund, and each of their respective partners, shareholders,
members, affiliates, directors, officers, fiduciaries, managers, controlling persons, employees and agents and each of the partners, shareholders, members, affiliates, directors, officers, fiduciaries, managers, controlling persons, employees and
agents of each of the foregoing (collectively, the “Indemnitees”) free and harmless from and against any and all actions, causes of action, suits, claims, liabilities, losses, damages and costs and expenses in connection therewith,
including without limitation reasonable attorneys’ fees and charges (collectively, the “Indemnified Liabilities”), incurred by the Indemnitees or any of them as a result of, arising out of, or in any way relating to this
Agreement or operations of, or services provided by Bain to, any Company or any affiliate of any Company from time to time (including but not limited to any indemnification obligations assumed or incurred by any Indemnitee to or on behalf of any
Company, or any of their accountants or other representatives, agents or affiliates) except for any such Indemnified Liabilities arising on account of such Indemnitee’s gross negligence or willful misconduct, and if and to the extent that the
foregoing undertaking may be unenforceable for any reason, each Company hereby agrees to make the maximum contribution to the payment and satisfaction of each of 

  

 -4- 

 
the Indemnified Liabilities which is permissible under applicable law. None of the Indemnitees will be liable to the Companies or any of their affiliates for
any act or omission suffered or taken by such Indemnitee that does not constitute gross negligence or willful misconduct. 
 5. Disclaimer
and Limitation of Liability; Opportunities. 
 (a) Disclaimer; Standard of Care. Bain makes no
representations or warranties, express or implied, in respect of the services to be provided by it hereunder. In no event will Bain or any of the Indemnitees be liable to the Companies or any of their affiliates for any act, alleged act, omission or
alleged omission on the part of Bain that does not constitute gross negligence or willful misconduct as determined by a final, non-appealable determination of a court of competent jurisdiction. 
 (b) Freedom to Pursue Opportunities. In recognition that Bain and its affiliates currently have, and will in the future have or
will consider acquiring, investments in numerous companies with respect to which Bain or its affiliates may serve as an advisor, a director or in some other capacity, and recognition that Bain and its affiliates have myriad duties to various
investors and partners, and in anticipation that the Companies and Bain (or one or more affiliates, associated investment funds or portfolio companies, or clients of Bain) may engage in the same or similar activities or lines of business and have an
interest in the same areas of corporate opportunities, and in recognition of the benefits to be derived by the Companies hereunder and in recognition of the difficulties which may confront any advisor who desires and endeavors fully to satisfy such
advisor’s duties in determining the full scope of such duties in any particular situation, the provisions of this Section 5(b) are set forth to regulate, define and guide the conduct of certain affairs of the Companies as they may involve
Bain. Except as Bain may otherwise agree in writing after the date hereof: 
 (i) Bain and its affiliates will have the right:
(A) to directly or indirectly engage in any business (including, without limitation, any business activities or lines of business that are the same as or similar to those pursued by, or competitive with, any of the Companies and their
subsidiaries, (B) to directly or indirectly do business with any client or customer of any of the Companies and their subsidiaries, (C) to take any other action that Bain believes in good faith is necessary to or appropriate to fulfill its
obligations as described in the first sentence of this Section 5(b), and (D) not to present potential transactions, matters or business opportunities to any of the Companies, or any of their subsidiaries, and to pursue, directly or
indirectly, any such opportunity for itself, and to direct any such opportunity to another person. 
 (ii) Bain and its
officers, employees, partners, members, other clients, affiliates and other associated entities will have no duty (contractual or otherwise) to communicate or present any corporate opportunities to the Companies or any of their affiliates or to
refrain from any action specified in Section 5(b)(i), and the Companies on their own behalf and on behalf of their affiliates, hereby renounce and waive any right to require Bain or any of its affiliates to act in a manner inconsistent with the
provisions of this Section 5(b). 
  

 -5- 

 (iii) Neither Bain nor any officer, director, employee, partner, member, stockholder,
affiliate or associated entity thereof will be liable to the Companies or any of their affiliates for breach of any duty (contractual or otherwise) by reason of any activities or omissions of the types referred to in this Section 5(b) or of any
such person’s participation therein. 
 (c) Limitation of Liability. In no event will Bain or any of its
affiliates be liable to the Companies or any of their affiliates for any indirect, special, incidental or consequential damages, including lost profits or savings, whether or not such damages are foreseeable, or for any third party claims (whether
based in contract, tort or otherwise), relating to the services to be provided by Bain hereunder. 
 6. Assignment, etc. Except
as provided below, no party hereto has the right to assign this Agreement without the prior written consent of the other parties. Notwithstanding the foregoing, (a) Bain may assign all or part of its rights and obligations hereunder to any
affiliate of Bain which provides services similar to those called for by this Agreement, in which event Bain will be released of all of its rights and obligations hereunder and (b) the provisions hereof for the benefit of the Bain Funds will
inure to the benefit of their successors and assigns. 
 7. Amendments and Waivers. No amendment or waiver of any term,
provision or condition of this Agreement will be effective, unless in writing and executed by each of Bain and the Companies. No waiver on any one occasion will extend to or effect or be construed as a waiver of any right or remedy on any future
occasion. No course of dealing of any person nor any delay or omission in exercising any right or remedy will constitute an amendment of this Agreement or a waiver of any right or remedy of any party hereto. 
 8. Miscellaneous. 
 (a) Choice of Law. This Agreement and all matters arising under or related to this Agreement will be governed by and construed in accordance with the domestic substantive laws of The Commonwealth of Massachusetts without
giving effect to any choice or conflict of law provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 
 (b) Consent to Jurisdiction. Each of the parties agrees that all actions, suits or proceedings arising out of, based upon or
relating to this Agreement or the subject matter hereof will be brought and maintained exclusively in the federal and state courts of The Commonwealth of Massachusetts. Each of the parties hereto by execution hereof (i) hereby irrevocably
submits to the jurisdiction of the federal and state courts in The Commonwealth of Massachusetts for the purpose of any action, suit or proceeding arising out of or based upon this Agreement or the subject matter hereof and (ii) hereby waives
to the extent not prohibited by applicable law, and agrees not to assert, by way of motion, as a defense or otherwise, in any such action, suit or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts,
that it is immune from extraterritorial injunctive relief or other 

  

 -6- 

 
injunctive relief, that its property is exempt or immune from attachment or execution, that any such action, suit or proceeding may not be brought or
maintained in one of the above-named courts, that any such action, suit or proceeding brought or maintained in one of the above-named courts should be dismissed on grounds of forum non conveniens, should be transferred to any
court other than one of the above-named courts, should be stayed by virtue of the pendency of any other action, suit or proceeding in any court other than one of the above-named courts, or that this Agreement or the subject matter hereof may not be
enforced in or by any of the above-named courts. Notwithstanding the foregoing, to the extent that any party hereto is or becomes a party in any litigation in connection with which it may assert indemnification rights set forth in this Agreement,
the court in which such litigation is being heard will be deemed to be included in clause (i) above. Each of the parties hereto hereby consents to service of process in any such suit, action or proceeding in any manner permitted by the laws of
The Commonwealth of Massachusetts, agrees that service of process by registered or certified mail, return receipt requested, at the address specified in or pursuant to Section 10 is reasonably calculated to give actual notice and waives and
agrees not to assert by way of motion, as a defense or otherwise, in any such action, suit or proceeding any claim that service of process made in accordance with Section 10 does not constitute good and sufficient service of process. The
provisions of this Section 8 will not restrict the ability of any party to enforce in any court any judgment obtained in a federal or state court of The Commonwealth of Massachusetts. 
 (c) Waiver of Jury Trial. To the extent not prohibited by applicable law which cannot be waived, each of the parties hereto
hereby waives, and covenants that it will not assert (whether as plaintiff, defendant, or otherwise), any right to trial by jury in any forum in respect of any issue, claim, demand, cause of action, action, suit or proceeding arising out of or based
upon this Agreement or the subject matter hereof, in each case whether now existing or hereafter arising and whether in contract or tort or otherwise. Each of the parties hereto acknowledges that it has been informed by each other party that the
provisions of this Section 8(c) constitute a material inducement upon which such party is relying and will rely in entering into this Agreement and the transactions contemplated hereby. Any of the parties hereto may file an original counterpart
or a copy of this Agreement with any court as written evidence of the consent of each of the parties hereto to the waiver of its right to trial by jury. 
 9. Entire Agreement. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes any prior communication or agreement with respect thereto.

 10. Notice. All notices, demands, and communications required or permitted under this Agreement will be in writing and will be
effective if served upon such other party and such other party’s copied persons as specified below to the address set forth for it below (or to such other address as such party will have specified by notice to each other party) if
(i) delivered personally, (ii) sent and received by facsimile, (iii) sent by certified or registered mail, or by Federal Express, DHL, UPS or any other comparably reputable overnight courier service, postage prepaid, to the
appropriate address as follows: 
 If to the Companies, or any of them, to them at: 
 c/o Dollarama L.P. 
 5430 Ferrier 
 Montreal, Québec 
 H4P1M2 
 Attention: Larry Rossy 
  

 -7- 

 If to Bain, to it at: 
 111 Huntington Avenue 
 Boston, Massachusetts 02199 
 Attention: Matthew Levin 
 with a copy to: 
 Ropes & Gray LLP 
 One International Place 
 Boston, Massachusetts 02110 
 Attention: Alfred O. Rose and R. Newcomb Stillwell 
 Unless otherwise specified herein, such notices or other
communications will be deemed effective, (a) on the date received, if personally delivered or sent by facsimile during normal business hours, (b) on the business day after being received if sent by facsimile other than during normal
business hours, (c) one business day after being sent by Federal Express, DHL or UPS or other comparably reputable delivery service and (c) five business days after being sent by registered or certified mail. Each of the parties hereto
will be entitled to specify a different address by giving notice as aforesaid to each of the other parties hereto. 
 11.
Severability. If in any judicial or arbitral proceedings a court or arbitrator refuses to enforce any provision of this Agreement, then such unenforceable provision will be deemed eliminated from this Agreement for the purpose of such
proceedings to the extent necessary to permit the remaining provisions to be enforced. To the full extent, however, that the provisions of any applicable law may be waived, they are hereby waived to the end that this Agreement be deemed to be valid
and binding agreement enforceable in accordance with its terms, and in the event that any provision hereof is found to be invalid or unenforceable, such provision will be construed by limiting it so as to be valid and enforceable to the maximum
extent consistent with and possible under applicable law. 
 12. Third Party Beneficiaries. The Indemnitees are intended to be third
party beneficiaries of this Agreement. 
 13. Counterparts. This Agreement may be executed in any number of counterparts and by each
of the parties hereto in separate counterparts, each of which when so executed will 

  

 -8- 

 
be deemed to be an original and all of which together will constitute one and the same agreement. 
 [remainder of page intentionally left blank] 
  

 -9- 

 IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed on its behalf as
an instrument under seal as of the date first above written by its officer or representative thereunto duly authorized. 
  

											
	 THE COMPANIES:
	 		 	DOLLARAMA CAPITAL CORPORATION
					
		 		 		 	 By:
	 	 /s/ Jeffrey Courey

		 		 		 		 	 Name: 
	 	 Jeffrey Courey

		 		 		 		 	 Title: 
	 	 Vice-President, Treasurer

			
		 		 	DOLLARAMA HOLDINGS L.P.
		 		 	 By: Dollarama Holdings GP Inc.,
 its General Partner

					
		 		 		 	 By:
	 	 /s/ Jeffrey Courey

		 		 		 		 	 Name: 
	 	 Jeffrey Courey

		 		 		 		 	 Title: 
	 	 Vice-President, Treasurer

			
		 		 	DOLLARAMA GROUP L.P.
		 		 	 By: Dollarama Group GP Inc.,
 its General Partner

					
		 		 		 	 By:
	 	 /s/ Jeffrey Courey

		 		 		 		 	 Name: 
	 	 Jeffrey Courey

		 		 		 		 	 Title: 
	 	 Vice-President, Treasurer

			
		 		 	DOLLARAMA L.P.
		 		 	 By: Dollarama GP Inc.,
 its General Partner

					
		 		 		 	 By:
	 	 /s/ Jeffrey Courey

		 		 		 		 	 Name: 
	 	 Jeffrey Courey

		 		 		 		 	 Title: 
	 	 Vice-President, Treasurer

			
	 BAIN:
	 		 	BAIN CAPITAL PARTNERS VIII, L.P.
		 		 	 By: Bain Capital Investors, LLC
 its General Partner

					
		 		 		 	 By:
	 	 /s/ Matthew Levin

		 		 		 		 	 Name: 
	 	 Matthew Levin

		 		 		 		 	 Title: 
	 	 Managing Director

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