THIS LEASE MODIFICATION AGREEMENT dated for reference this 16th day of May, 2003
ELECTRIC AVENUE PROPERTIES INC., whose name has been changed to THE OLD BC ELECTRIC
BUILDING CORP. c/o Macdonald Commercial Real Estate Services Ltd., Suite 301 - 1770 West 7th Avenue,
Vancouver, B.C. V6J 4Y6.
(hereinafter called the "Landlord")
PHOTOCHANNEL NETWORKS INC, of #506 & #507 - 425
Carrall Street, Vancouver, BC.
(hereinafter called the "Tenant")
A. By a lease (the "ORIGINAL LEASE") made July 12, 2001 between the Landlord and the Tenant, the
Landlord leased to the Tenant for a term of Three (3) years from August 1, 2001 to July 31, 2004 premises (the
"LEASED PREMISES") shown outlined in red on the copy of the site plan as attached to the Original Lease,
consisting of Two Thousand Six Hundred Sixty Three (2663) square feet, more commonly known as #506 &
#507 - 425 Carrall Street, Vancouver, British Columbia;
B. The Landlord and Tenant have agreed to modify the Original Lease on the terms herein set forth.
NOW, THEREFORE, in consideration of the grants, rents and mutual covenants hereinafter reserved and
contained, the parties covenant and agree as follows:
1. The Landlord hereby demises and leases to the Tenant, and the Tenant hereby leases from the Landlord a
portion of the lands known as suite #505 - 425 Carrall Street, Vancouver, BC, consisting of One Thousand Six
Hundred Seventy Four (1674) square feet (the "Additional Space") which will be added to be added to the floor
area of the Premises;
2. A plan of the Additional Space is attached as Schedule "A".
3. Article 1 (e) of the Original Lease shall be amended to include the floor area of the Additional Space resulting
in a total amended floor area of the Premises of Four Thousand Three Hundred Thirty Seven (4337) square feet,
the whole as outlined in red within the attached Schedule "B".
4. Article 1 (f) of the Original Lease shall be amended to extend the term of the Lease to expire July 31, 20