EXHIBIT 10.3
MASTER MERCHANDISING LICENSE AGREEMENT
This agreement ("Agreement") is made as of September 15, 1999, between Universal Studios Licensing, Inc.
("Universal"), with its principal office at 100 Universal City Plaza, Building 509/15, Universal City, California
91608 (Attn: Senior Vice President, Legal and Business Affairs), and Power Photo Kiosks, Inc., Licensee"),
with its principal office at 181 Whitehall Drive, Markham, Ontario, Canada L3R 9T1 (Attn: President).
1. UNVERSAL PROPERTY: The "Universal Property" is, individually and collectively, those certain theatrical
motion pictures, television programs and/or Characters set forth on the Schedule(s) attached hereto and
incorporated herein by this reference (the "Schedule(s)"). Unless otherwise specifically set forth herein,
"Character" shall mean the name, title, voice and likeness (namely, the design, representation, icon, costume,
make-up, accessories, traits, mannerisms and image) created, owned or controlled by Universal, its parent and/or
any of its or their subsidiaries, affiliates or licensors (each, including Universal, a "Universal Entity" and all
collectively the "Universal Entities").
2. LICENSE: Pursuant to the terms and conditions of this Agreement, Universal grants to Licensee, and Licensee
takes from Universal, the non-transferable, non-assignable right to use the Licensed Property solely in connection
with the manufacture of the Licensed Article(s) and the distribution and sale of the Licensed Article(s) and for
Advertising and Promotion in the License Territory during the License Term ("License").
3. LICENSED PROPERTY: The "Licensed Property" is the tide and logo (e.g., Character(s), artwork) and such
other elements of the Universal Property supplied to Licensee by Universal.
4. LICENSED ARTICLE(S): The "Licensed Article(s)" consists of those articles set forth on the Schedule(s)
which display, embody or make use of the Licensed Property and all collateral materials, including, without
limitation, tags, pac