NATIONAL PHOTO LABS II, INC.
4444 LAKE CENTER DRIVE
DAYTON, OH 45426
937-854-6686 - OFFICE
937-854-0140 - FAX
December 14, 1998
Mr. Frank Montano
President
Moto Photo, Inc.
4444 Lake Center Drive
Dayton, Ohio 45426
Dear Frank:
The purpose of this letter is to document the agreement that Moto Photo, Inc. and National Photo Labs II, Inc. mutually wish to extend the expiration date of the amended management agreement between the two companies dated October 1, 1986.
It is agreed that the subject agreement between the two companies be extended until December 31, 2003 under the same terms and conditions as contained in said agreement.
Please acknowledge your acceptance of this change by signing below.
Best regards,
/s/ D. A. Mason
David A. Mason
President
DM/ps
Agreed and Accepted:
Moto Photo, Inc.
/s/ Frank M. Montano12/15/98
Frank Montano, President Date