Document:

Exhibit
10.2

 

Exhibit
C

 

NEITHER
THIS DEBENTURE NOR THE SECURITIES UNDERLYING THIS DEBENTURE, NOR ANY SECURITIES ISSUABLE UPON ITS CONVERSION, IF ANY, HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT’), OR QUALIFIED UNDER APPLICABLE STATE
SECURITIES LAWS AND MAY ONLY BE ACQUIRED FOR INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE
OR DISTRIBUTION THEREOF. THIS DEBENTURE AND THE SECURITIES UNDERLYING THIS DEBENTURE, OR THE SECURITIES ISSUABLE UPON ITS
CONVERSION, IF ANY, MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT AS TO SUCH SECURITIES UNDER THE ACT AND QUALIFICATION UNDER APPLICABLE STATE LAW WITHOUT AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION
LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION.

 

JERRICK
MEDIA HOLDINGS INC.

 

SECURED
PROMISSORY NOTE

  

Dated:
_________________, 2017

(“Issuance
Date”)

  

FOR
VALUE RECEIVED JERRICK MEDIA HOLDINGS INC., a company organized under the laws of the State of Nevada (the “Company”),
hereby promises to pay to ________________ (the “Payee”), or its registered assigns, the principal amount of
________________ ($_______USD) in accordance with the provisions of this Promissory Note (as amended, modified and supplemented
from time to time, this “Note” and together with any other Notes issued in the Note Issuance (as defined below)
or upon transfer or exchange, the “Notes”). Capitalized terms not defined in this Note shall have the meaning
ascribed to them in the Subscription Agreement.

 

Certain
capitalized terms are defined in Section 8 hereof.

 

1.
          Original Issue Discount. This Note carries an original issue discount of $_________________,
representing a discount of six percent (6%) to the principal amount. The amount of $_________________ is being funded to the Company
on the date hereof.

 

    	 	-1-	 

     

    

 

2.
          Maturity Date. Provided that the Payee has not elected to convert this note in
accordance with Section 3 of this Note, the entire principal amount of this Note shall be due and payable in full in cash in immediately
available funds on September 1, 2017 (such date, the “Maturity Date”) upon the tender of such Note by Payee.

 

3.
          Conversion.

 

(i)      The
Payee shall have the option to convert this Note into (a) shares of the Company’s Common Stock in the Company’s immediately
subsequent financing (“Subsequent Offering”) or (b) upon the Maturity Date, tender this Note to the Company for immediate
repayment of principal. The number of shares of Common Stock that shall be issuable upon conversion of the Note in the Subsequent
Offering shall be derived by dividing (x) the principal amount of the Note by (y) eighty-five percent (85%) of the price per share
purchased in the Subsequent Offering. No fractional shares shall be issued upon a conversion. In lieu of any fractional shares
to which Payee would otherwise be entitled, the Company shall pay cash equal to such fraction.

 

In
order to convert this Note, the Holder must deliver a dated and signed notice of conversion (the “Notice of Conversion”),
a copy of which is attached to this Note as Exhibit A, stating its intention to convert the full principal amount of this Note
into Common Stock in the Subsequent Offering, Notices of Conversion shall be deemed delivered on the date sent, if personally
delivered, to the Company’s Chief Executive Officer at the Company’s principal place of business, or when actually
received if sent by another method. The Notice of Conversion must be accompanied by the original Note and no such conversion request
shall be effective unless and until the Note is tendered to the Company by Payee.

 

(ii)      As soon as possible after the conversion has been effected (but in any event within
five (5) Business Days), the Company or acquirer shall deliver to the converting holder a certificate or certificates representing
the shares issuable by reason of such conversion in such name or names and such denomination or denominations as the converting
holder has specified. In the event that the Payee elects to tender this Note to the Company for immediate repayment, such payment
shall be delivered to the Payee within five (5) Business Days to the address provided by the Payee to the Company at the time
of the surrender of this Note.

 

(iii)
    The issuance of Common Stock upon conversion of this Note shall be made without charge
to the holder hereof in respect thereof or other cost incurred by the Company or acquirer in connection with such conversion.
Upon conversion of this Note, the Company shall take all such actions as are necessary in order to ensure that the Company’s
Common Stock underlying the securities issuable upon conversion of the Note shall be validly authorized and available for issue,
fully paid and nonassessable.

 

(iv)
   Neither the Company nor acquirer shall close its books against the transfer of this
Note in any manner which interferes with the timely conversion of this Note. The Company shall assist and cooperate with any holder
of this Note required to make any governmental filings or obtain any governmental approval prior to or in connection with the
conversion of this Note (including, without limitation, making any filings required to be made by the Company).

 

    	 	-2-	 

     

    

 

(v)
     The Company shall at all times reserve and keep available out of its authorized but
unissued shares of common stock, solely for the purpose of issuance upon conversion hereunder, such number of shares of common
stock issuable upon conversion. All shares of such capital stock which are so issuable shall, when issued, be duly and validly
issued, fully paid and nonassessable and free from all taxes, liens and charges. The Company shall take all such actions as may
be necessary to assure that all such shares of capital stock may be so issued without violation of any applicable law or governmental
regulation or any requirements of any domestic securities exchange upon which such shares of capital stock.

 

4.
       Method of Payments.

 

(i)      Payment. So long as the Payee or any of its nominees shall be the holder of any
Note, and notwithstanding anything contained elsewhere in this Note to the contrary, the Company will pay all sums for principal
becoming due on this Note held by the Payee or such nominee not later than 1:00 p.m. New York time, on the date such payment is
due, in immediately available funds, in accordance with the payment instructions that the Payee may designate in writing, without
the presentation or surrender of such Note or the making of any notation thereon. Any payment made after 1:00 p.m. New York time,
on a Business Day will be deemed made on the next following Business Day. If the due date of any payment in respect of this Note
would otherwise fall on a day that is not a Business Day, such due date shall be extended to the next succeeding Business Day,.
All amounts payable under this Note shall be paid free and clear of, and without reduction by reason of, any deduction, set-off
or counterclaim. The Company will afford the benefits of this Section to the Payee and to each other Person holding this Note.

 

(ii)
     Transfer and Exchange. Upon surrender of any Note for registration of transfer
or for exchange to the Company, in accordance with the terms hereof, at its principal office, the Company at its sole expense
will execute and deliver in exchange therefor a new Note or Notes, as the case may be, as requested by the holder or transferee,
which aggregate principal amount is equal the unpaid principal amount of such Note, registered as such holder or transferee may
request; provided that this Note may not be transferred by Payee to any Person other than Payee’s affiliates without the
prior written consent of the Company (which consent shall not be unreasonably withheld or delayed). The issuance of new Notes
shall be made without charge to the holder(s) of the surrendered Note for any issuance tax in respect thereof or other cost incurred
by the Company in connection with such issuance, provided that each Noteholder shall pay any transfer taxes associated therewith.
The Company shall be entitled to regard the registered holder of this Note as the holder of the Note so registered for all purposes
until the Company or its agent, as applicable, is required to record a transfer of this Note on its register.

 

(iii)
    Replacement. Upon receipt of evidence reasonably satisfactory to the Company
of the loss, theft, destruction or mutilation of any Note and, in the case of any such loss, theft or destruction of any Note,
upon receipt of an indemnity reasonably satisfactory to the Company or, in the case of any such mutilation, upon the surrender
and cancellation of such Note, the Company, at its expense, will execute and deliver, in lieu thereof, a new Note of like tenor
and dated the date of such lost, stolen, destroyed or mutilated Note.

 

    	 	-3-	 

     

    

 

5.
          Covenants of the Company. The Company covenants and agrees as follows:

 

(i)
      Consolidation, Merger and Sale. With the exception of a reverse merger transaction,
the Company will not sell or otherwise dispose of (or permit any subsidiary to sell or otherwise dispose of) a material portion
of its property or assets in one or more transactions for so long as any of the Notes remain outstanding.

 

(ii)
      Use of Proceeds. The Company shall use the proceeds of the Notes only for general
working capital purposes and not to redeem or make any payment on account of any securities of the Company other than as provided
in Schedule 1 attached hereto.

 

(iii)
     Notes. All Notes shall be on the same terms and shall be in substantially the
same form. All cash payments to the holder of any Note shall be made to all holders of Notes, pro rata, based on the aggregate
principal amount at such time.

 

(iv)     Restricted
Payments. Other than as set forth on Schedule 1.1 hereto, for as long as the Notes are outstanding, the Company shall
not (a) declare or pay any dividend or make any distribution on or in respect of its capital stock; or (b) increase the compensation
(including bonuses and incentive compensation) paid to any employee other than in the ordinary course of business consistent with
past practice.

 

7.
         Events of Default. If any of the following events take place before or on the
Maturity Date (each, an “Event of Default”), Payee at its option may declare all principal and all other amounts
payable under this Note immediately due and payable; provided, however, that this Note shall automatically become
due and payable without any declaration in the case of an Event of Default specified in clause (iii) or (v), below:

 

		(i)	Company
                                         fails to make payment of the full amount due under this Note upon the tender of such
                                         Note following the Maturity Date, which failure to make payment continues for a period
                                         of five (5) days after receipt by the Company of notice from the Noteholder of such default;
                                         or
	 	 	 
	 	(ii)	A
                                         receiver, liquidator or trustee of Company or any substantial part of Company’s
                                         assets or properties is appointed by a court order; or
	 	 	 
	 	(iii)	 Company is adjudicated bankrupt or insolvent; or

  

		(iv)	Any
                                         of Company’s property is sequestered by or in consequence of a court order and
                                         such order remains in effect for more than 30 days; or

 

		(v)	Company
                                         files a petition in voluntary bankruptcy or requests reorganization under any provision
                                         of any bankruptcy, reorganization or insolvency law or consents to the filing of any
                                         petition against it under such law, or

 

    	 	-4-	 

     

    

 

		(vi)	Proceedings
                                         for the appointment of a receiver, trustee or custodian of the Company or of all or a
                                         substantial part of the assets or property thereof, or an involuntary case or other proceedings
                                         seeking liquidation, reorganization or other relief with respect to the Company or the
                                         debts thereof under any bankruptcy, insolvency or other similar law now or hereafter
                                         in effect shall be commenced and an order for relief entered or such proceeding shall
                                         not be dismissed or discharged within sixty (60) days of commencement.

 

		(vii)	Company
                                         makes a formal or informal general assignment for the benefit of its creditors, or consents
                                         to the appointment of a receiver or liquidator of Company or of all or any part of its
                                         property; or

 

		(viii)	An
                                         attachment or execution is levied against any substantial part of Company’s assets
                                         that is not released within 30 days; or

 

		(ix)	Company
                                         dissolves, liquidates or ceases business activity, or transfers any major portion of
                                         its assets other than in the ordinary course of business; provided that this paragraph
                                         (ix) shall not apply to any contemplated real estate transaction; or

 

		(x)	Company
                                         breaches any covenant or agreement on its part contained in this Note or the Subscription
                                         Agreement and such breach has not been remedied within ten (10) days after receipt by
                                         the Company of notice from the Noteholder of such default; or

 

		(xi)	Any
                                         material inaccuracy or untruthfulness of any representation or warranty of the Company
                                         set forth in this Note, the Subscription Agreement or the Offering Documents and such
                                         breach has not been remedied within fifteen (15) days after receipt by the Company of
                                         notice from the Noteholder of such default.

 

		8.	Definitions.

 

“Business
Day” means a day (other than a Saturday or Sunday) on which banks generally are open in New York, New York for the conduct
of substantially all of their activities.

 

“Common
Stock” means the common stock of the Company, par value $0.001 per share.

 

“Noteholder”
or “Payee” with respect to any Note, means at any time each Person then the record owner hereof and “Noteholders”
or “Payees” means all of such Noteholders or Payees, collectively.

 

“Note
Issuance” or “Offering” shall mean the Promissory Notes issued by the Company to the Payee and other
Noteholders (each in substantially the form of this Note) in the original principal amount not to exceed $1,000,000 in the aggregate,
subject to the Over-Allotment Option.

 

“Person”
means any person or entity of any nature whatsoever, specifically including an individual, a firm, a company, a corporation, a
partnership, a limited liability company, a trust or other entity.

 

“Subscription
Agreement” means the Note Subscription Agreement, dated ___________ ___, 2017 between the Company and the Payee.

 

9.
       Expenses of Enforcement, etc. The Company agrees to pay all reasonable fees and
expenses incurred by the Payee in connection with any amendments, modifications, waivers, extensions, renewals, renegotiations
or “workouts” of the provisions hereof or incurred by the Payee in connection with the enforcement or protection of
its rights in connection with this Note, or in connection with any pending or threatened action, proceeding, or investigation
relating to the foregoing, including but not limited to the reasonable fees and disbursements of counsel for the Payee. The Company
indemnifies the Payee and its directors, managers, affiliates, partners, members, officers, employees and agents against, and
agrees to hold the Payee and each such person and/or entity harmless from, any and all losses, claims, damages, liabilities and
related expenses, including reasonable counsel fees and expenses, incurred by or asserted against the Payee or any such person
and/or entity arising out of, in any way connected with, or as a result of (i) the consummation of the loan evidenced by this
Note and the use of the proceeds thereof or (ii) any claim, litigation, investigation or proceedings relating to any of the foregoing,
whether or not the Payee or any such person and/or entity is a party thereto other than any loss, claim, damage, liability or
related expense incurred or asserted against the payee or any such person on account of the payee’s or such person’s
gross negligence or willful misconduct. Notwithstanding the foregoing, with respect to the indemnification obligations of the
Company hereunder, (i) the Company’s aggregate liability under this Note to the Payee shall not exceed the aggregate principal
amount of the Note and (ii) indemnified liabilities shall not include any liability of any indemnitee arising out of such indemnitee’s
gross negligence. To the extent that the foregoing undertaking by the Company may be unenforceable for any reason, the Company
shall make the maximum contribution to the payment and satisfaction of each of the indemnified liabilities which is permissible
under applicable law.

 

    	 	-5-	 

     

    

 

10.
       Security Interest.

 

(i)
       Creation of Security Interest. In order to secure the payment of the principal
and interest and all other obligations of the Company hereunder now or hereafter owed by the Company to Payee (the “Secured
Obligations”), the Company hereby grants to Payee (or its designee) (the “Secured Party”) a security
interest (the “Security Interest”) in the property of the Company described below (the “Collateral”)
on the terms and conditions set forth in this Note:

 

(a)       all
intellectual property of any kind or nature whatsoever, including without limitation patents, patent applications, copyrights,
copyright applications, trademarks and service marks and applications therefore, mask works, net lists and trade secrets;0

 

(b)     all substitutes and replacements for, accessions, attachments, and other additions to,
and all proceeds, products, and increases of, any and all of the foregoing Collateral, in whatever form, whether cash or noncash;
interest, premium, and principal payments, redemption proceeds and subscription rights, and shares or other proceeds of conversions
or splits of any securities in Collateral, and returned or repossessed Collateral; and, to the extent not otherwise included,
all (A) payments under insurance, or any indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise
with respect to any of the foregoing Collateral, (B) cash and (C) security for the payment of any of the Collateral, and all goods
which gave or will give rise to any of the Collateral or are evidenced, identified, or represented therein or thereby.

 

Notwithstanding
anything which may be contained herein to the contrary and notwithstanding the timing of any filing of a UCC-1 Financing Statement
by the Holder, the Holder hereby agrees that the security interest granted hereby shall be given a pari-passu priority with any
other security interest granted by the Company to any other holder of any promissory note which is purchased from the Company
prior to March 15, 2017 wherein Bradley Woods & Co. Ltd. is the placement agent.

 

(ii)
       Sale or Removal of Collateral Prohibited. Except for the sale of inventory in
the ordinary course of the Company’s business, the Company shall not sell, lease, encumber, pledge, mortgage, assign, grant
a security interest in, or otherwise transfer the Collateral without the written consent of Payee, which consent shall not be
unreasonably withheld. Notwithstanding anything contained in this Section to the contrary, the Company shall be permitted to pledge,
mortgage, assign, grant a security interest in the Collateral to any other holder of any promissory note which is purchased from
the Company prior to March 15, 2017 wherein Bradley Woods & Co. Ltd. is the placement agent

 

(iii)     Rights of Secured Party. Upon an Event of Default, Secured Party may (upon receiving the written consent of the other
holders of any promissory note which is purchased from the Company prior to March 15, 2017 wherein Bradley Woods & Co. Ltd.
is the placement agent) require the Company to assemble the Collateral and make it available to Secured Party at the place to
be designated by Secured Party which is reasonably convenient to the parties. Secured Party may (upon receiving the written consent
of the other holders of any promissory note which is purchased from the Company prior to March 15, 2017 wherein Bradley Woods
& Co. Ltd. is the placement agent) sell all or any part of the Collateral as a whole or in parcels either by public auction,
private sale, or other method of disposition. Secured Party may (upon receiving the written consent of the other holders of any
promissory note which is purchased from the Company prior to March 15, 2017 wherein Bradley Woods & Co. Ltd. is the placement
agent) bid at any public sale on all or any portion of the Collateral. Unless the Collateral is perishable or threatens to decline
speedily in value or is of the type customarily sold on a recognized market, Secured Party shall give the Company reasonable notice
of the time and place of any public sale or of the time after which any private sale or other disposition of the Collateral is
to be made, and notice given at least 10 days before the time of the sale or other disposition shall be conclusively presumed
to be reasonable. A public sale in the following fashion shall be conclusively presumed to be reasonable:

 

(a)     Notice shall be given at least 10 days before the date of sale by publication once in a newspaper of general circulation published
in the county in which the sale is to be held;

 

    	 	-6-	 

     

    

 

(b)
    The sale shall be held in a county in which the Collateral or any part is located or in a county in which the Company has
a place of business;

 

(c)
    Payment shall be in cash or by certified check immediately following the close of the sale;

 

(d)
   The sale shall be by auction, but it need not be by a professional auctioneer; and

 

(e)     The Collateral may be sold as is and without any preparation for sale.

 

(iv)      Notwithstanding any provision of this Agreement, Secured Party shall be under no obligation to offer to sell the Collateral.
In the event Secured Party offers to sell the Collateral, Secured Party will be under no obligation to consummate a sale of the
Collateral if, in their reasonable business judgment, none of the offers received by them reasonably approximates the fair value
of the Collateral.

 

(v)      In addition to the rights under this Agreement, in the Event of Default by the Company, Secured Party (upon receiving the
written consent of the other holders of any promissory note which is purchased from the Company prior to March 15, 2017 wherein
Bradley Woods & Co. Ltd. is the placement agent) shall be entitled to the appointment of a receiver for the Collateral as
a matter of right whether or not the apparent value of the Collateral exceeds the outstanding principal amount of the Notes and
any receiver appointed may serve without bond. Employment by Secured Party shall not disqualify a person from serving as receiver.

 

(vi)
       Additional Rights of Secured Party. The Company shall execute and deliver to
Secured Party concurrently with the Company’s execution and delivery of this Agreement and at any time thereafter at the
reasonable request of Secured Party, all financing statements, continuation financing statements, fixture filings, security agreements,
mortgages, pledges, assignments, endorsements of certificates of title, applications for title, affidavits, reports, notices,
schedules of accounts, letters of authority, and all other documents that Secured Party may reasonably request, in form reasonably
satisfactory to Secured Party, to perfect and maintain perfected Secured Party’s continuing security interests in the Collateral
and in order to fully consummate all of the transactions contemplated under the Offering Documents, the Company hereby authorizes
Secured Party to file and/or record such financing statements and other documents as Secured Party deems reasonably necessary
to perfect and maintain Secured Party’s continuing security interest in the Collateral, including, but not limited to, any
and all filings recognized by the United States Patent and Trademark Office for the purposes of perfecting a security interest
in any Collateral that is considered intellectual property of the Company. The Company agree any such financing statements may
contain an “all asset” or “all property” description of the Collateral. Notwithstanding anything contained
herein to the contrary, the Company shall not be required to take any action pursuant to this Section is such action would adversely
affect any other holder of any promissory note which is purchased from the Company prior to March 15, 2017 wherein Bradley Woods
& Co. Ltd. is the placement agent

 

    	 	-7-	 

     

    

 

11.          Amendment and Waiver. The provisions of this Note may not be modified, amended or waived, and the Company may not take
any action herein prohibited, or omit to perform any act herein required to be performed by it, without the written consent of
the holders of a majority of the then outstanding principal amount of all similar notes issued in the Company’s offering
of Notes; provided, however, that any amendment to this Note which (i) changes the Maturity Date in Section 2 hereof
or (ii) adversely affects the Payee’s ability to convert or to refrain from converting this Note in its sole discretion
pursuant to Section 3 hereof, must be approved in writing by the holders of 100% of the then outstanding principal amount of all
similar notes issued in the Note Issuance (including this Note).

 

12.          Remedies Cumulative. No remedy herein conferred upon the Payee is intended to be exclusive of any other remedy and each
and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing
at law or in equity or by statute or otherwise.

 

13.          Remedies Not Waived. No course of dealing between the Company and the Payee or any delay on the part of the Payee in exercising
any rights hereunder shall operate as a waiver of any right of the Payee.

 

14.          Assignments. The Payee may assign, participate, transfer or otherwise convey this Note and any of its rights or obligations
hereunder to any affiliate of Payee and to any other Person that the Company consents to (such consent not to be unreasonably
withheld or delayed), and this Note shall inure to the benefit of the Payee’s successors and assigns. The Company shall
not assign or delegate this Note or any of its liabilities or obligations hereunder.

 

15.          Headings. The headings of the sections and paragraphs of this Note are inserted for convenience only and do not constitute
a part of this Note.

 

16.           Severability. If any provision of this Note is held invalid or unenforceable by any court of competent jurisdiction, the
other provisions of this Note will remain in full force and effect. Any provision of this Note held invalid or unenforceable only
in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

 

    	 	-8-	 

     

    

 

17.           Cancellation. After all principal, premiums (if any) at any time owed on this Note have been paid in full, or this Note
has been converted this Note will be surrendered to the Company for cancellation and will not be reissued.

 

18.           Maximum Legal Rate. If at any time an interest rate applicable hereunder exceeds the maximum rate permitted by law, such
rate shall be reduced to the maximum rate so permitted by law.

 

19.           Place of Payment and Notices. Unless otherwise stated herein, payments of principal and interest are to be delivered to
the Noteholder of this Note at the address provided by the Payee in the Subscription Agreement, or at such other address as such
Noteholder has specified by prior written notice to the Company. No notice shall be deemed to have been delivered until the first
Business Day following actual receipt thereof at the foregoing address.

 

20.           Waiver of Jury Trial. The Payee and the Company each hereby waives any right it may have to a trial by jury in respect
of any litigation directly or indirectly arising out of, under or in connection with this Note and/or the transactions contemplated
hereunder.

 

21.           Submission to Jurisdiction.

 

(i)       Any
legal action or proceeding with respect to this Note may be brought in the courts of the State of New York or of the United States
of America sitting in New York County, and, by execution and delivery of this Note, the Company hereby accepts for itself and
in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts.

 

(ii)      The
Company hereby irrevocably waives, in connection with any such action or proceeding, any objection, including, without limitation,
any objection to the laying of venue or based on the grounds of forum non conveniens, which they may now or hereafter have to
the bringing of any such action or proceeding in such respective jurisdictions.

 

(iii)      Nothing
herein shall affect the right of the Payee to serve process in any other manner permitted by law or to commence legal proceedings
or otherwise proceed against the Company in any other jurisdiction.

 

21.         GOVERNING LAW. ALL ISSUES AND QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY,
ENFORCEMENT AND INTERPRETATION OF THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAW RULES OR PROVISIONS (WHETHER OF THE STATE OF NEW YORK OR ANY
OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK.

 

 

∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗

 

    	 	-9-	 

     

    

 

IN
WITNESS WHEREOF, the Company has executed and delivered this Promissory Note on the date first written above.

 

 

	 	COMPANY:
	 	 	 
	 	JERRICK MEDIA HOLDINGS INC.

	 	 	 
	 	By:	 
	 	 	Jeremy Frommer

	 	 	Chief Executive Officer

 

    	 	-10-	 

     

    

 

EXHIBIT
A

 

NOTICE
OF CONVERSION

 

(To
Be Signed Only Upon Conversion of the Secured Promissory Note)

 

The
undersigned, the holder of the foregoing Secured Promissory Note, hereby surrenders such Note for conversion into shares of stock
offered by Jerrick Media Holdings prior or immediately subsequent to the expiration of the Promissory Note to the extent of $_______________
unpaid principal amount of such Note, and requests that the certificates for such shares be issued in the name of, and delivered
to:

 

Name:
___________________________________

 

Address
___________________________________

 

___________________________________

 

___________________________________

 

___________________________________

 

Dated:
____/_____/ 20___

 

______________________________________

(Signature
must conform in all respects to name of holder as specified on the face of the Note)

 

 _______________________________________

(Address)EX-4.5

 Exhibit 4.5 
 FIRST AMENDING AGREEMENT to the Amended and Restated Credit Agreement dated as of June 16, 2015, entered into in the City of Montreal, Province of Quebec, as of June 24, 2016, 

 

			
	AMONG:	  	VIDÉOTRON LTÉE, a company constituted in accordance with the laws of Quebec, having its registered office at 612 St. Jacques Street, 18th floor, in the City of Montreal, Province of Quebec (hereinafter
called the “Borrower”)
		
	AND:	  	THE LENDERS, AS DEFINED IN THE CREDIT AGREEMENT (the “Lenders”)
		
	AND:	  	ROYAL BANK OF CANADA, AS ADMINISTRATIVE AGENT FOR THE LENDERS, a Canadian bank, having a place of business at 200 Bay Street, 12th floor, South Tower, Royal Bank Plaza, in
the City of Toronto, Province of Ontario (hereinafter called the “Agent”)

 WHEREAS the parties hereto are parties to a credit agreement originally dated as of
November 28, 2000, as amended and restated as of July 20, 2011, as amended by a First Amending Agreement dated as of June 14, 2013, a Second Amending Agreement dated as of January 28, 2015, and a Third Amending Agreement creating
an Amended and Restated Credit Agreement dated as of June 16, 2015 (the “Original Credit Agreement”, and as amended pursuant to this Agreement, the “Credit Agreement”); 

WHEREAS the Borrower has requested certain amendments to the Original Credit Agreement to extend the Term of the Revolving
Facility and the Unsecured Facility, provide for a mechanism for future extensions, adjust Margins, increase the amount of the Swing Line Commitment, add US$ borrowings, and other matters; and 

WHEREAS the Lenders have unanimously agreed with the Borrower to the amendments contemplated hereby, and as such, the Lenders have
complied with the provisions of Section 18.14 and 18.15 of the Original Credit Agreement, as evidenced by the signature of each party hereto on this Agreement; 
 NOW THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS: 
  

	I.	INTERPRETATION 

 All of
the words and expressions which are capitalized herein shall have the meanings ascribed to them in the Original Credit Agreement unless otherwise indicated herein. 

	II.	AMENDMENTS 

1.    Subsection 1.1.5 of the Original Credit Agreement is amended to add US$ borrowing options, and now provides as follows:

 “1.1.5    “Advance” means any advance by a Lender under this Agreement, including,
with respect to (a) the Revolving Facility, direct Advances by way of Prime Rate Advances, Swing Line Advances, US Base Rate Advances and Libor Advances, and indirect Advances by way of BA Advances and the issuance of Letters of Credit,
(b) the Unsecured Facility, direct Advances by way of Prime Rate Advances, US Base Rate Advances and Libor Advances, and indirect Advances by way of BA Advances and the issuance of Letters of Credit, and (c) the Finnvera Term Facility, the
“Tranche A CDOR Advances” as defined in Schedule “P”.”. 
 2.    Subsection 1.1.57 of the Original
Credit Agreement is amended to add a reference to a Libor Advance, and now provides as follows: 

“1.1.57    “Designated Period” means, with respect to a Libor Advance or a BA Advance, a
period designated by the Borrower in accordance with Sections 4.11, 6.1 and 6.4, respectively.”. 
 3.    New
subsections 1.1.96A, 1.1.96B, 1.1.96C and 1.1.96D are added to the Original Credit Agreement to provide for Libor borrowings, as follows: 
 “1.1.96A    “LIBOR” means, with respect to any Designated Period of 1, 2, 3 or 6 months relating to a Libor Advance under the Revolving Facility or the
Unsecured Facility, the average rate for deposits in US$ for a period comparable to the Designated Period which is quoted on Reuters Screen Libor01 Page, at or about 11:00 a.m. (London, England time), determined two Banking Days prior to the date on
which a Libor Advance is to be made in accordance with Section 5.5, provided that if such rate is negative, it shall be deemed to be nil; if such quote is unavailable, then LIBOR shall be determined by the Agent as the average of the rate at
which deposits in US$ for a period similar to the Designated Period and in amounts comparable to the amount of such Libor Advance are offered by the Libor Reference Lenders to prime banks in the London inter-bank market at or about 11:00 a.m.
London, England time on the date of such determination. 
 In any event, the rate determined in accordance with the
above-mentioned Reuter’s page or inter-bank offered rate (the “Quoted Rate”) shall be adjusted for reserve requirements of any affected Lender in accordance with the following formula to obtain the applicable LIBOR: 

 

			
	                        LIBOR=	  	            Quoted
Rate            
		  	1.00 - Reserve Percentage

  
 2. 

 where “Reserve Percentage” means the rate (expressed as a decimal)
applicable to the Agent, during the relevant Designated Period under regulations, directives or guidelines issued from time to time by the Board of Governors of the Federal Reserve System (in the USA), by the Office of the Superintendent of
Financial Institutions (in Canada) or by any other applicable regulatory agency, for determining the reserve requirement applicable to the Facilities or to facilities similar thereto (including any basic, supplemental, emergency or marginal reserve
requirement) of the Agent, respectively, with respect to “Eurocurrency liabilities”, as that term is defined under such regulations or for the purposes of complying with such directives or guidelines. All adjustments to the Quoted Rate
shall occur and be effective as of the effective date of any change in the Reserve Percentage (to the extent that the Lenders claiming entitlement to such adjustment are affected thereby), and the Agent will use reasonable efforts to advise the
Borrower of any such change as soon as practicable (provided that the Agent shall not be liable if it fails to do so). 

1.1.96B    “Libor Advance” means, at any time, the part of the Advances with respect to which the
Borrower has chosen to pay interest on the Libor Basis. 
 1.1.96C    “Libor Basis” means
the basis of calculation of interest on Libor Advances, or any part thereof, made in accordance with the provisions of Sections 5.3 and 5.4. 
 1.1.96D    “Libor Reference Lenders” means Royal Bank of Canada, The Toronto-Dominion Bank and Bank of America, N.A., Canada Branch, or such other Lender(s) appointed
by the Agent with the consent of the Borrower in replacement of the said Lender(s).”. 
 4.    Subsection 1.1.101 of
the Original Credit Agreement (definition of “Margin”) is deleted and replaced by the following: 

“1.1.101    “Margin” means, (a) under the Revolving Facility, for Prime Rate Advances, US
Base Rate Advances, Libor Advances, Stamping Fees, LC Fees and Standby Fees, the following annual percentages depending on the then-applicable Leverage Ratio (“x” in the table below), determined at the times and in the manner set out below
the tables: 

  
 3. 

 Revolving Facility 

 

							
	Leverage Ratio	 	Standby Fee	 	 Prime Rate/US Base

Rate Plus
	 	 Stamping Fees /

LC Fees / LIBOR

	 x >4.50
	 	0.5250%	 	1.625%	 	2.625%
	 4.503 x >4.00
	 	0.4500%	 	1.25%	 	2.25%
	 4.003 x >3.50
	 	0.4000%	 	1.00%	 	2.00%
	 3.503 x >2.75
	 	0.3400%	 	0.70%	 	1.70%
	 2.753 x >1.75
	 	0.2900%	 	0.45%	 	1.45%
	 x £ 1.75
	 	0.2700%	 	0.35%	 	1.35%

 and (b), under the Unsecured Facility, for Prime Rate Advances, US Base Rate Advances, Libor
Advances, Stamping Fees, LC Fees and Standby Fees, the following annual percentages depending on the then-applicable Leverage Ratio (“x” in the table below), determined at the times and in the manner set out below the table: 

Unsecured Facility 
  

							
	Leverage Ratio	 	Standby Fee	 	 Prime Rate/US Base

Rate plus
	 	 Stamping
 Fees /
LC
 Fees / LIBOR

	 x >4.50
	 	0.650%	 	2.00%	 	3.000%
	 4.503 x >4.00
	 	0.600%	 	1.75%	 	2.75%
	 4.003 x >3.50
	 	0.500%	 	1.50%	 	2.50%
	 3.503 x >2.75
	 	0.415%	 	1.075%	 	2.075%
	 2.753 x >1.75
	 	0.350%	 	0.80%	 	1.80%
	 x £ 1.75
	 	0.330%	 	0.675%	 	1.675%

 Each change resulting from a change in the Leverage Ratio shall be effective with respect to all
outstanding Loan Obligations retroactively from the first day of each fiscal quarter of the Borrower, and shall be based on the financial statements and Compliance Certificates required by subsections 12.15.1 and 12.15.2, as applicable, and the
Leverage Ratio derived from such financial statements. Thus, the financial statements and Compliance Certificates which shall be delivered 60 days after quarter-end and 90 days after year-end (based on unaudited results and subject to readjustment upon delivery of a second Compliance Certificate in accordance with the provisions of subsection 12.15.2(b)) will be used to calculate the
Leverage Ratio applicable from the first day of the quarter in which such financial statements and Compliance Certificates were to be delivered. For example, the financial statements and Compliance Certificates to be delivered in respect of the
quarter ending May 31 of any year of the Term shall be delivered by July 30 of that year, and shall be used to calculate the Leverage Ratio for the period from June 1 of that year to August 31 of that year. If, as a result of an
increase in the Leverage Ratio, the Margin has increased, the Agent will advise the Borrower and the Lenders and the Borrower will pay all 

  
 4. 

 
additional amounts that may be due to the Lenders within 2 Business Days of being advised of the amount due. If, as a result of a reduction in the Leverage Ratio, the Margin has been reduced, the
Agent shall advise the Borrower and the Lenders and the amounts owed to the Borrower (a) will be deducted from the Stamping Fees otherwise payable in the case of a BA Advance, on the next Rollover Date of the relevant BA Advance, or (b) in
the case of Prime Rate Advances, US Base Rate Advances or Libor Advances, will be deducted from the interest otherwise payable by the Borrower on the next interest payment date contemplated by Section 5.2 or Section 4.11, or (c) in
the case of Letters of Credit, will be deducted from the LC Fees otherwise payable by the Borrower on the next LC Fee payment date contemplated by subsection 4.2.2, and (d) if no interest or Stamping Fees are payable during that period,
the Lenders shall remit the necessary amounts to the Agent for payment to the Borrower.”. 
 5.    Subsection 1.1.109
of the Original Credit Agreement is amended to add provisions related to Libor Advances, and now provides as follows: 

“1.1.109    “Notice of Borrowing” means, (i) with respect to the Revolving Facility or the
Unsecured Facility, a notice substantially in the form of Schedule “B” transmitted to the Agent by the Borrower in accordance with the provisions of Section 4.1, 4.2 or 4.11, or of subsection 6.1.1, and (ii) with respect to
the Finnvera Term Facility, a Tranche A Notice of Borrowing, as defined in Schedule “P”.”. 

6.    Subsection 1.1.125 of the Original Credit Agreement is amended by replacing the reference to Section 5.7 with a reference
to Section 5.10. Consequently, subsection 1.1.125 now provides as follows: 

“1.1.125    “Revolving Facility Fees” means the fees payable to the Agent and to the Revolving
Facility Lenders, as set out in Section 5.10.”. 
 7.    Subsection 1.1.127 of the Original Credit Agreement is
amended to add provisions related to Libor Advances, and now provides as follows: 

“1.1.127    “Rollover Date” means, with respect to a Libor Advance or a BA Advance, the date of
any such Advance, or the first day of any Designated Period.”. 
 8.    Subsection 1.1.132 of the Original Credit
Agreement is amended to add provisions related to Libor Advances, and now provides as follows: 

“1.1.132    “Selected Amount” means, with respect to a BA Advance, the amount of the Advances
in Canadian Dollars which the Borrower has asked to obtain by the issuance of Bankers’ Acceptances in accordance with Section 6.1, and with respect to a Libor Advance, the amount of the Advances in US Dollars in respect of which the
Borrower has asked, in accordance with Section 4.11, that the interest payable thereon be calculated on the Libor Basis.”. 

  
 5. 

 9.    Subsection 1.1.141 of the Original Credit Agreement is amended by replacing the
reference to subsection 5.7.1 with a reference to subsection 5.10.1. Consequently, subsection 1.1.141 now provides as follows: 

“1.1.141    “Standby Fee” has the meaning ascribed to it in subsection 5.10.1.”.

 10.    Subsection 1.1.145 of the Original Credit Agreement is amended by changing the amount from “$25,000,000”
to “$35,000,000”. Consequently, the subsection now provides as follows: 

“1.1.145    “Swing Line Commitment” means $35,000,000.”. 

11.    Subsection 1.1.152 of the Original Credit Agreement is amended by deleting both of the dates “July 20, 2020”, and
replacing them with “July 20, 2021”. Consequently, subsection 1.1.152 now provides as follows: 

“1.1.152    “Term” means, with respect to the Revolving Facility, the period commencing on the
Closing Date and terminating on July 20, 2021, with respect to the Unsecured Facility, the period commencing on the Third Amendment Closing Date and terminating on the earlier of the Conversion Date-Total and July 20, 2021, and with
respect to the Finnvera Term Facility, the period commencing on November 13, 2009 and terminating on the “Maturity Date” as defined in Schedule “P”.”. 
 12.    Subsection 1.1.160 of the Original Credit Agreement is amended by replacing the reference to Section 5.7 with a reference to Section 5.10. Consequently, subsection
1.1.160 now provides as follows: 
 “1.1.160    “Unsecured Facility Fees” means the
fees payable to the Agent and to the Unsecured Facility Lenders, as set out in Section 5.10.”. 

13.    Subsection 1.1.163 of the Original Credit Agreement is amended to permit US$ Advances in addition to those permitted pursuant
to Original Credit Agreement via the Swing Line Advances. Consequently, subsection 1.1.163 now provides as follows: 

“1.1.163    “US Base Rate Advance” means, at any time, the part of the Advances in US Dollars
with respect to which the Borrower has chosen, or, in accordance with the provisions hereof, is obliged, to pay interest on the US Base Rate Basis.”. 
 14.    The last paragraph of Section 2.1 of the Original Credit Agreement is amended by replacing the reference to subsection 5.7.1 with a reference to subsection 5.10.1.
Consequently, the last paragraph of Section 2.1 now provides as follows: 
 “Irrespective of whether or not any Swing
Line Advances have been made or remain outstanding, the amount available under the Revolving Facility (other than for the purposes of the calculation under subsection 5.10.1) shall be deemed to be reduced by an amount equal to the Swing Line
Commitment.”. 

  
 6. 

 15.    Section 2.2 of the Original Credit Agreement is amended to permit US$ Advances in
addition to those permitted pursuant to Original Credit Agreement via the Swing Line Advances, and now provides as follows: 

“2.2    The Revolving Facility and the Unsecured Facility 

All Advances under the Revolving Facility and the Swing Line Advances shall be in Canadian Dollars or US$ and may be repaid and re-borrowed by the Borrower at all times during the Term. All Advances under the Unsecured Facility shall be in Canadian Dollars or US$ and, subject to the provisions of Sections 4.1, 4.2, 4.10, 4.11, 6.1, and 6.13,
may be repaid and re-borrowed by the Borrower at all times during the Term.”. 

16.    Subsection 2.3.1 of the Original Credit Agreement is amended to add a reference to Section 4.11, and now provides as
follows: 
 “2.3.1    Intention of the Parties. The Unsecured Facility is intended to be used to
supplement the Credit available under the Revolving Facility, which is limited due to the restrictions described in the first sentence of subsection 2.3.2. Accordingly, as noted in Sections 4.1, 4.2, 4.10, 4.11, 6.1, and 6.13, the Revolving Facility
is intended to be drawn up to the Threshold Amount at all times prior to any utilization of the Unsecured Facility, provided, however, that notwithstanding said intention and the aforementioned Sections, the Lenders and the Agents hereby acknowledge
and agree that if at any time prior to the occurrence of a Default that is continuing or an Event of Default that has not been waived, the aggregate principal amount of the Advances outstanding under the Revolving Facility is less than the Threshold
Amount, the Borrower shall not be required to repay, cash collateralize or cancel, as the case may be, any Bankers Acceptances, Libor Advances or Letters of Credit outstanding under the Unsecured Facility prior to their respective maturity or expiry
dates.”. 
 17.    A new Section 2.5 is added to the Original Credit Agreement to provide for the possibility of
annual extensions of the Term of the Revolving Facility and the Unsecured Facility, and Section 2.5 of the Original Credit Agreement becomes Section 2.6. The new Section 2.5 provides as follows: 

“2.5    Extension of Term - Revolving and Unsecured Facilities 

By notice in writing to the Agent for delivery to the Revolving Facility Lenders and the Unsecured Facility Lenders (in this Section, the
“Facility Lenders”) given at any time during the period commencing April 21 and terminating on May 21 of each year after 2016, the Borrower may request (a “Renewal Request”) that the Facility Lenders
extend the Term of the Revolving Facility and the Unsecured Facility (the “Relevant Facilities”) for an additional period of one year from the date on which the Term of the Relevant Facilities would otherwise have expired. Each
Renewal 

  
 7. 

 
Request must be made in respect of both of the Relevant Facilities, and any Facility Lender that responds to the Renewal Request shall be required to give the same decision (consent or no
consent) in respect of both of the Relevant Facilities. 
 The Facility Lenders undertake to respond to the
Renewal Request not more than 30 days from receipt. If any Facility Lender fails to so respond, such Facility Lender shall be deemed to be a Non-Consenting Lender, as defined below. Each Renewal Request must
be consented to by Lenders holding not less than  2/3 of the Commitments under each of the Relevant Facilities (herein the “Special Majority Lenders”), failing
which it will be deemed to have been refused. 
 At the option and expense of the Borrower (including the fee payable
under subsection 16.2.2(f) hereof), and provided the Special Majority Lenders have consented to the Renewal Request, any Facility Lender not consenting thereto (a “Non-Consenting Lender”) may
be replaced, in whole or in part, by one or more Facility Lenders, or by a new Facility Lender satisfactory to the Borrower, the Agent, the Issuing Lenders and the Swing Line Lenders, in each case acting reasonably. In such case, such Non-Consenting Lender shall promptly assign its rights, benefits and obligations as a Facility Lender to such other or new Facility Lender in accordance with the provisions of Section 16.2.2. If, and to the
extent that, the full amount of the Commitments of any Non-Consenting Lender is not so assumed, (a) all Loan Obligations owed to such Non-Consenting Lender shall be
fully repaid (together with interest and fees related thereto) by the Borrower to such Non-Consenting Lender on, and (b) the Commitments of such Non-Consenting
Lender will terminate on, the then-applicable expiry date of the Term, without regard to the extension sought in the Renewal Request, and the Credit under the Relevant Facilities shall be reduced accordingly on that date.”. 

18.    Section 4.1 of the Original Credit Agreement is amended to contemplate US Base Rate Advances and to change notification
deadlines, and now provides as follows: 
 “4.1    Notice of Borrowing - Direct Advances

 Subject to the applicable provisions of this Agreement, including Section 4.10, on any Business Day during the
Disbursement Period, the Borrower shall be entitled to request Advances under the Revolving Facility, and/or, if the aggregate principal amount of the Advances outstanding under the Revolving Facility will not be less than the Threshold Amount (on
the date said requested Advances under the Unsecured Facility are made), under the Unsecured Facility, on one or more occasions, up to the maximum amount of the Credit under the Revolving Facility and/or under the Unsecured Facility, as applicable,
by way of Prime Rate Advances and US Base Rate Advances in minimum amounts of Canadian $1,000,000 or US$1,000,000 respectively, and whole multiples thereof, provided that at least one (1) Business Day prior to the day on which any Prime Rate
Advance or US Base Rate Advance is required (other than a Swing Line Advance, which shall be made in accordance with the provisions of Section 4.3), the Borrower shall have provided to the Agent an irrevocable telephone notice at or before
12:00 p.m. on any Business Day, followed by the immediate delivery of a written Notice of Borrowing. Notices of 

  
 8. 

 
Borrowing in respect of Letters of Credit, Swing Line Advances, Libor Advances and BA Advances shall be given in accordance with the provisions of Sections 4.2, 4.3, 4.11, and 6.1,
respectively.”. 
 19.    Subsection 4.3.1 of the Original Credit Agreement is amended by changing the time for notice.
Consequently, subsection 4.3.1 now provides as follows: 
 “4.3.1    Subject to the terms and
conditions of this Agreement, the Swing Line Lender agrees to make Swing Line Advances to the Borrower on any Business Day from time to time prior to the expiry of the Term. Swing Line Advances (other than by Letters of Credit) may be made or drawn
by way of overdrafts on the Borrower’s account with the Swing Line Lender or by way of irrevocable same Business Day telephone notice at or before 12:00 p.m. followed by the delivery on the same day of a written notice of confirmation.
Swing Line Advances by Letter of Credit shall be subject to the prior notice as required by the Swing Line Lender in accordance with its normal practices and shall not exceed $1,000,000 in the aggregate outstanding at any time.”. 

20.    Section 4.8 of the Original Credit Agreement is amended to refer to Libor Advances as well as Bankers’ Acceptances, and
now provides as follows: 
 “4.8    Limits on BA Advances, Libor Advances and Letters of
Credit 
 Nothing in this Agreement shall be interpreted as authorizing the Borrower to issue Bankers’ Acceptances
or borrow by way of Libor Advances for a Designated Period expiring or, subject to subsection 4.2.1, to cause to be issued Letters of Credit maturing, on a date which is after the expiry of the Term.”. 

21.    Section 4.9 of the Original Credit Agreement is amended to recognize that US$ borrowings can be made under either the
Revolving Facility or the Unsecured Facility, and now provides as follows: 
 “4.9    Excess
Resulting From Exchange Rate Change 
 Any time that, following one or more fluctuations in the exchange rate of the
US Dollar against the Canadian Dollar, the sum of: 
  

	 	4.9.1	the Equivalent Amount in Canadian Dollars of Loan Obligations under the Revolving Facility or the Unsecured Facility in US Dollars; and 

 

	 	4.9.2	the Loan Obligations under the Revolving Facility or the Unsecured Facility in Canadian Dollars; 

exceeds the amount of the Credit under the Revolving Facility or the Unsecured Facility then available, the Borrower shall promptly
either (i) make the necessary payments or repayments to the Agent to reduce the Loan Obligations under the Revolving Facility or the 

  
 9. 

 
Unsecured Facility, as applicable, to an amount equal to or less than the available amount of the Credit under the Revolving Facility or the Unsecured Facility, as the case may be, or
(ii) maintain or cause to be maintained with the Agent, deposits of Canadian Dollars in an amount equal to or greater than the amount by which the Loan Obligations under the Revolving Facility or the Unsecured Facility, as the case may be,
exceed the available amount of the Credit under the Revolving Facility or the Unsecured Facility, as the case may be, such deposits to be maintained in such form and upon such terms as are acceptable to the Agent. Without in any way limiting the
foregoing provisions, the Agent shall, on the date of each request for an Advance or on the date of any interest payment or on each Acceptance Date or Rollover Date, make the necessary exchange rate calculations to determine whether any such excess
exists on such date and, if there is an excess, it shall so notify the Borrower.”. 
 22.    Subsection 4.10.2 of the
Original Credit Agreement is amended to add a reference to US$ borrowings made under the Unsecured Facility, and now provides as follows: 
 “4.10.2     there are Prime Rate Advances or US Base Rate Advances outstanding under the Unsecured Facility;” 
 23.    A new Section 4.11 is added to the Original Credit Agreement to permit Libor Advances, and provides as follows: 

“4.11    Libor Advances and Conversions 

Subject to the applicable provisions of this Agreement, including Section 4.10, on any Business Day during the Disbursement Period,
upon an irrevocable telephone notice to the Agent given prior to 12:00 p.m., at least three Business Days prior to the date of a proposed Libor Advance, followed by the immediate delivery of a written Notice of Borrowing, the Borrower may request
that (a) a Libor Advance be made, (b) that one or more US Base Rate Advances not borrowed as Libor Advances be converted into one or more Libor Advances, or (c) that a Libor Advance or any part thereof be extended, as the case may be,
in each case, under the Revolving Facility. If the aggregate principal amount of the Advances outstanding under the Revolving Facility will not be less than the Threshold Amount on the date of a requested Libor Advance under the Unsecured Facility,
the Borrower may also make such request under the Unsecured Facility. Each Selected Amount with respect to each Designated Period shall be in an amount of not less than US$1,000,000, and shall be in whole multiples of US$1,000,000. The Agent shall
determine the LIBOR which will be in effect on the Rollover Date (which in such case must be a Banking Day), with respect to the Selected Amount or to each of the Selected Amounts, as the case may be, having a Designated Period of 10 to 180 days (or
such other period as may be available and acceptable to the Agent) from the Rollover Date. However, if the Borrower has not delivered a notice to the Agent in a timely manner in accordance with the provisions of this Section 4.11, the Borrower
shall be deemed to have chosen to have the interest on the amount of such Advance calculated on the US Base Rate Basis. 

  
 10.

 24.    The title to Section 5.1 of the Original Credit Agreement is amended to
contemplate US Base Rate Advances, and now provides as follows: 
 “5.1    Interest on the Prime
Rate Basis and the US Base Rate Basis”. 
 25.    The title to Section 5.2 of the Original Credit Agreement
is amended to contemplate US Base Rate Advances, and now provides as follows: 
 “5.2    Payment
of Interest on the Prime Rate Basis and the US Base Rate Basis”. 
 26.    New Sections 5.3, 5.4 and 5.5 are
added to the Original Credit Agreement to provide for Libor Advances, and Sections 5.3 to 5.8 of the Original Credit Agreement become Sections 5.6 to 5.11. The new Sections 5.3 to 5.5 provide as follows: 

“5.3    Interest on the Libor Basis 

The principal amount of any of the Libor Advances which at any time and from time to time remains outstanding shall bear interest,
calculated daily, on the daily balance of such Libor Advance, from the date of each Libor Advance or Rollover Date, at the annual rate (calculated based on a 360-day year) applicable to each of such days which
corresponds to the LIBOR applicable to each Selected Amount, plus the Margin, and shall be effective as and from the date of each Libor Advance or Rollover Date up to but excluding the last day of the Designated Period of such Libor Advance.

 5.4    Payment of Interest on the Libor Basis 

The interest payable in accordance with the provisions of Section 5.3 and calculated in the manner described therein on the amount
outstanding from time to time is payable to the Agent for the account of the Lenders, in arrears, 
  

	 	5.4.1	on the last day of the applicable Designated Period when the Designated Period is 1 to 3 months, 

 

	 	5.4.2	when the applicable Designated Period exceeds 3 months, on the last Business Day of each period of 3 months during such Designated Period and on the last day of the
applicable Designated Period. 

 provided that if any Designated Period would otherwise end on a day that is not a
Business Day, such Designated Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Designated Period into another calendar month, in which event such Designated Period shall end on
the immediately preceding Business Day. 

  
 11.

 5.5    Fixing of LIBOR 

LIBOR shall be notified to the Borrower at approximately 11:00 a.m., two Banking Days prior to the relevant Rollover Date.”.

 27.    Subsection 6.1.1 of the Original Credit Agreement is amended by replacing the time “10:00 A.M.” with the
time “12:00 p.m.”. Consequently, subsection 6.1.1 now provides as follows: 

“6.1.1    Subject to the applicable provisions of this Agreement, including Section 6.13, on any Business
Day during the Disbursement Period, as part of the Credit available under the Revolving Facility, and/or, if the aggregate principal amount of the Advances outstanding under the Revolving Facility will not be less than the Threshold Amount (on the
date said requested Advances under the Unsecured Facility are made), as part of the Credit available under the Unsecured Facility, by providing to the Agent an irrevocable telephone notice at or before 12:00 p.m. on any Business Day followed by the
immediate delivery of a written Notice of Borrowing to the Agent, given at least two (2) Business Days prior to the date of the Advance or the Rollover Date (for the purposes of this Article 6 called the “Acceptance
Date”), the Borrower may request that a BA Advance be made, that one or more Advances not borrowed as BA Advances be converted into one or more BA Advances or that a BA Advance or any part thereof be extended, as the case may be (the
“BA Request”). 
 Bankers’ Acceptances shall be issued on each Acceptance Date or Rollover Date, in a
minimum Selected Amount, with respect to each Designated Period, of $5,000,000 or such greater amount which is an integral multiple of $1,000,000, shall have a Designated Period of 10 to 180 days (or such other period as may be available and
acceptable to the Agent), subject to availability, and shall, in no event, mature on a date after the expiry of the applicable Term.”. 

28.    Subsection 6.4.3 of the Original Credit Agreement is amended by replacing the time “10:00 A.M.” with the time
“12:00 p.m.”. Consequently, subsection 6.4.3 now provides as follows: 
 “6.4.3    at latest
at 12:00 p.m., two (2) Business Days prior to the Rollover Date of each Bankers’ Acceptance then outstanding and reaching maturity, notify the Agent by way of a notice substantially in the form of Schedule
“B-1” (but omitting paragraph 3 thereof) that it intends to deposit in its account for the account of the Lenders on the Rollover Date an amount equal to the principal amount of each such
Bankers’ Acceptance.”. 
 29.    The first paragraph of Section 7.4 of the Original Credit Agreement is
amended to add a reference to Libor Advances, and now provides as follows: 
 “The Borrower shall indemnify each Lender
against any loss or expense (including any loss or expense arising from interest or fees payable by such Lender to lenders of funds obtained 

  
 12.

 
by it in order to make or maintain any Advance and any loss or expense incurred in liquidating or re-employing deposits from which such funds were
obtained) which such Lender may sustain or incur as a consequence of any: (a) default by the Borrower in the payment when due of the amount of or interest on any Loan Obligations or in the payment when due of any other amount hereunder,
(b) default by the Borrower in obtaining an Advance after the Borrower has given notice hereunder that it desires to obtain such Advance, (c) default by the Borrower in making any voluntary reduction of the outstanding amount of any Loan
Obligations after the Borrower has given notice hereunder that it desires to make such reduction, and (d) payment of any Bankers’ Acceptance, Libor Advance or Tranche A CDOR Advance otherwise than on the maturity date thereof (including
without limitation any such payment required pursuant to Section 8.1 or upon acceleration pursuant to Section 14.2). A certificate of the Agent or the Finnvera Facility Agent, as applicable providing reasonable particulars of the
calculation of any such loss or expense shall be conclusive and binding in the absence of manifest error. If any Lender becomes entitled to claim any amount pursuant to this Section 7.4, it shall promptly notify the Borrower, through the Agent
or the Finnvera Facility Agent, as applicable, of the event by reason of which it has become so entitled and reasonable particulars of the related loss or expense, provided that the failure to do so promptly shall not prejudice the Lenders’
right to claim hereunder.”. 
 30.    Section 7.6 of the Original Credit Agreement is amended to add references to
Libor Advances, and now provides as follows: 
 “7.6    Market Disruption 

If, at any time or from time to time, the Requisite Disruption Lenders provide notice to the Agent that: 

7.6.1    (a) with respect to BA Advances, there no longer exists a market for Bankers’ Acceptances, or
(b) with respect to Libor Advances, as a result of market conditions, (i) there exists no appropriate or reasonable method to establish LIBOR, for a Selected Amount or a Designated Period, or (ii) US Dollar deposits are not
available to the Lenders in such market in the ordinary course of business in amounts sufficient to permit them to make a Libor Advance, for a Selected Amount or a Designated Period, or (c) with respect to BA Advances or Prime Rate Advances,
(i) the Bankers’ Acceptance Discount Rate is unavailable and the Agent is unable to provide the alternative rate described in the definition of “Bankers’ Acceptance Discount Rate”, or (ii) the Bankers’ Acceptance
Discount Rate does not adequately and fairly reflect the cost to each such Requisite Disruption Lender of funding such Advance as determined by each such Requisite Disruption Lender in good faith, or (iii) the Prime Rate or the US Base Rate at
such time does not adequately and fairly reflect the cost to each such Requisite Disruption Lender of funding such Advance as determined by each such Requisite Disruption Lender in good faith; 

  
 13.

 any of the foregoing, a “Market Disruption Event”, then in any such case:

 7.6.2    the Borrower and the Agent shall enter into negotiations (for a period of not more than
30 days) with a view to agreeing to a substitute basis for determining the applicable Bankers’ Acceptance Discount Rate or LIBOR. Any alternate basis (which may include having recourse to the Market Disruption Prime Rate and/or the Market
Disruption US Base Rate) agreed upon pursuant to the foregoing sentence shall, with the prior consent of each of the Lenders affected by the Market Disruption Event and the Borrower, be binding on all of them; 

7.6.3    failing such agreement, the substitute basis for determining the applicable Bankers’ Acceptance
Discount Rate or LIBOR shall be as notified to the Borrower by each affected Lender, accompanied by a certificate of such affected Lender setting out the appropriate substitute rate for the particular form of Advance in question, and accompanied by
reasonable explanations and calculations, provided that such substitute rate shall not exceed the relevant rate of non-affected Lenders by more than 1.50%; and 

7.6.4    to the extent that the Advances affected by the Market Disruption Event are (a) US Base Rate Advances,
the applicable US Base Rate for all affected Lenders shall be the Market Disruption US Base Rate, and (b) Prime Rate Advances, the applicable Prime Rate for all affected Lenders shall be the Market Disruption Prime Rate.”. 

31.    The first paragraph of Section 8.2 of the Original Credit Agreement is amended by adding a reference to US Base Rate
Advances and to Libor breakage costs, and now provides as follows: 
 “On any Business Day during the Term, after having
given notice to the Agent substantially in the form of Schedule “B-1” of one (1) Business Day with respect to the repayment of Prime Rate Advances and US Base Rate Advances and two
(2) Business Days with respect to BA Advances and Libor Advances, and subject to Sections 4.10 and 6.13, the Borrower may repay in minimum amounts of $1,000,000 or US$1.000.000, or in whole multiples of such amount, all or part of the principal
amount of the Loan Obligations under the Revolving Facility or under the Unsecured Facility, for the account of the Revolving Facility Lenders or the Unsecured Facility Lenders, respectively, provided that in respect of any Libor Advance, no
repayment may be made on a day other than on the maturity date of such Libor Advance, save as permitted by the terms of Section 8.3, and in respect of a BA Advance, no repayment shall be made on a date other than a maturity date of the
Bankers’ Acceptances outstanding at that time, save as provided in Section 8.3, with, in each case, all interest accrued and unpaid on the amounts so prepaid.”. 

  
 14.

 32.    Section 8.3 of the Original Credit Agreement is amended by adding a second
paragraph to contemplate breakage costs in the event of the prepayment of a Libor Advance, and now provides as follows: 

“8.3    Cash Collateralization of BA Advances and Payment of Losses Resulting From a
Prepayment 
 If a prepayment to be made would require the repayment of outstanding Bankers’ Acceptances prior to
their maturity, the Borrower shall provide to the Agent cash collateral in an amount equal to the face amount of such Bankers’ Acceptances which cash collateral shall be held by the Agent in an interest bearing account and used to repay same at
maturity. 
 If a prepayment in respect of a Libor Advance is made on a date other than its maturity date, contrary to the
provisions of this Agreement, simultaneously with such prepayment the Borrower shall pay to the Lenders the losses, costs and expenses suffered or incurred by the Lenders with respect to such prepayment, which are referred to in
Section 7.4.”. 
 33.    Section 8.5 of the Original Credit Agreement is amended by replacing the time “11:00
A.M.” with the time “12:00 p.m.”. Consequently, Section 8.5 now provides as follows: 

“8.5    Payments by the Borrower to the Agent 

All payments to be made by the Borrower in connection with this Agreement shall be made in funds having same day value to the Agent, at
the Agency Branch, or at any other office or account in Toronto or Montreal designated by the Agent. Any such payment shall be made on the date upon which such payment is due, in accordance with the terms hereof, no later than 12:00 p.m.”.

 34.    Section 8.6 of the Original Credit Agreement is amended to refer to an exception for the repayment of Libor
Advances set out in Section 5.4, and now provides as follows: 
 “8.6    Payment on a
Business Day 
 Each time a payment, repayment or prepayment is due on a day that is not a Business Day, it shall be
made on the following Business Day, subject to Section 5.4 with respect to interest payments on Libor Advances.”. 

35.    The first part of subsection 12.15.2 (b) of the Original Credit Agreement is amended by replacing the number “75”
with the number “90”. Consequently, the portion in question of subsection 12.15.2 (b) now provides as follows: 
  

	 	“(b)	Within 90 days following the end of each financial year of the Borrower,”. 

  
 15.

 36. Subsection 12.15.3 (a) and (b) of the Original Credit Agreement are amended to provide for
different delays, and now provide as follows: 
  

	 	“(a)	Within 90 days following the end of each financial year of the Borrower, the Annual Business Plan, which shall promptly be submitted to the Agent for the Lenders; and

  

	 	(b)	 Within 75 days following the end of each financial quarter of the Borrower (other than the 4th quarter, in respect of which the delay shall be 90 days) in which the Leverage Ratio exceeded 4.0:1, a certificate of
the Borrower signed by its chief financial officer or treasurer or another officer of the Borrower acceptable to the Agent, certifying a detailed calculation of Excess Cash Flow (in such form and providing such detail as the Agent may reasonably
require) during such quarter (the “Excess Cash Flow Certificate”); and”. 

 37. Schedule “B”
of the Original Credit Agreement is amended to add references to US$ Advances. The new Schedule “B” is annexed to this First Amending Agreement. 
  

	III.	REPRESENTATIONS AND WARRANTIES 

 The
Borrowers and Guarantors hereby represent and warrant to the Lenders, the Agent, the Finnvera Lenders and the Finnvera Facility Agent as follows: 
 1. the execution, delivery and performance by the Borrowers and the Guarantors of this Amendment have been duly authorized by all necessary corporate and other action and do not and will not require any
registration with, consent or approval of, or notice to or action by, any Person (including any Governmental Authority) in order to be effective and enforceable; and 
 2. this Amendment constitutes a legal, valid and binding obligation of the Borrower and each Guarantor, enforceable against each such Person in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity. 
  

	IV.	EFFECTIVE DATE AND CONDITIONS 

 1. This
First Amending Agreement shall become effective as of June 24, 2016 (the “Effective Date”), subject to the fulfilment of all conditions precedent set out herein. 
 2. On the Effective Date, the Original Credit Agreement shall be modified by the foregoing amendments. The parties hereto agree that the changes to the Original Credit Agreement set out herein and the
execution hereof shall not constitute novation and all the Security shall continue to apply to the 

  
 16.

 
Original Credit Agreement, as amended hereby, and all other obligations secured thereby. Without limiting the generality of the foregoing and to the extent necessary, (i) the Lenders, the
Agent and the Finnvera Facility Agent reserve all of their rights under each of the Security Documents, and (ii) each of the Borrower and the Guarantors obligates itself again in respect of all present and future obligations under, inter
alia, the Credit Agreement. 
  

	V.	CONDITIONS PRECEDENT 

 1. The Borrower
shall pay all fees and costs, including (a) the fees referred to in the Borrower’s request letter dated June 8, 2016, and (b) legal fees associated with this Agreement incurred by the Agent as contemplated and restricted by the
provisions of Section 12.14 of the Credit Agreement. 
 2. This First Amending Agreement shall have been signed by all of the parties
hereto and fully executed counterparts shall have been received by the Agent. 
 3. The Borrower shall provide to the Agent and the Finnvera
Facility Agent the opinion of its counsel, in form and substance acceptable to the Agent and the Lenders’ counsel, with respect to (i) the power, capacity, and authority of the Borrower and each of the Guarantors to enter into or intervene
in this Agreement and to perform its obligations hereunder, (ii) the enforceability of this Agreement in accordance with its terms, (iii) the continued enforceability (unaffected hereby) of all of the Security, and (iv) such other
matters as may reasonably be requested by the Agent or its counsel. 
 4. The representations and warranties of the Borrower and each Guarantor
set forth in the Credit Agreement shall be true and correct in all respects on and as of the Effective Date (except that where such representations and warranties are qualified by reference to a date, they shall be true and correct as at such date).

 5. The representations and warranties in Article IV of this Amendment shall be true and correct in all material respects as of the date
hereof. 
 6. At the time of and immediately after giving effect to this First Amending Agreement, no Default or Event of Default shall have
occurred or be continuing. 
  

	VI.	MISCELLANEOUS 

 1. All of the provisions
of the Original Credit Agreement that are not amended hereby shall remain in full force and effect. 
 2. This Agreement shall be governed by
and construed in accordance with the Laws of the Province of Quebec. 

  
 17.

 3. The parties acknowledge that they have required that the present agreement, as well as all documents,
notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto be drawn up in English. Les parties reconnaissent avoir exigé la rédaction en anglais de la présente
convention ainsi que de tous documents exécutés, avis donnés et procédures judiciaires intentées, directement ou indirectement, relativement ou à la suite de la présente convention. 

IN WITNESS WHEREOF THE PARTIES HERETO HAVE SIGNED THIS AGREEMENT ON THE DATE AND AT THE PLACE FIRST HEREINABOVE MENTIONED. 

MTL01: 3760414: v8 

  
 18.

 VIDÉOTRON LTÉE 

 

			
	Per:	 	 /s/ Chloé Poirier

		 	Cholé Poirier
		 	Vice President and Treasurer
		
	Per:	 	 /s/ Jean-François Pruneau

		 	Jean-François Pruneau
		 	Vice President

 ROYAL BANK OF CANADA, as Agent 

 

			
	Per:	 	 /s/ Rodica Dutka

		 	Rodica Dutka
		 	Manager, Agency
		
	Per:	 	 N/A

 THE REVOLVING FACILITY LENDERS AND UNSECURED FACILITY LENDERS: 

 

									
	ROYAL BANK OF CANADA	 		 	NATIONAL BANK OF CANADA
					
	Per:	 	 /s/ Pierre Bouffard
	 		 	Per:	 	 /s/ Luc Bernier

		 	Pierre Bouffard	 		 		 	Luc Bernier
		 	Authorized Signatory	 		 		 	Managing Director
					
	Per:	 	  
	 		 	Per:	 	 /s/ François Montigny

		 		 		 		 	François Montigny
		 		 		 		 	Managing Director

  

									
	BANK OF AMERICA, N.A., Canada Branch	 		 	THE BANK OF NOVA SCOTIA
					
	Per:	 	 /s/ Medina Sales de Andrade
	 		 	Per:	 	 /s/ Bob King

		 	Medina Sales de Andrade, VP	 		 		 	Bob King
		 		 		 		 	Managing Director
					
	Per:	 	  
	 		 	Per:	 	 /s/ Sean Flinn

		 		 		 		 	Sean Flinn
		 		 		 		 	Associate Director

  

									
	THE TORONTO-DOMINION BANK	 		 	BANK OF MONTREAL
					
	Per:	 	 /s/ (signature)
	 		 	Per:	 	 /s/ Martin Stevenson

		 		 		 		 	Martin Stevenson
		 		 		 		 	Managing Director
					
	Per:	 	 /s/ (signature)
	 		 	Per:	 	  

									
	CAISSE CENTRALE DESJARDINS	 		 	CANADIAN IMPERIAL BANK OF COMMERCE
					
	Per:	 	 /s/ Catherine McCarthy
	 		 	Per:	 	 /s/ Philippe Boivin

		 	Catherine McCarthy	 		 		 	Philippe Boivin
		 	Directeur, Financement Corporatif	 		 		 	Director
		 	Director, Corporate Banking	 		 		 	
					
	Per:	 	 /s/ Dominique Parizeau
	 		 	Per:	 	 /s/ Anissa Rabia-Zeribi

		 	Dominique Parizeau	 		 		 	Anissa Rabia-Zeribi
		 	 Directeur général
	 		 		 	 Executive Director

		 	 Gestion du Portefeuille, Grandes Entreprises
	 		 		 	
		 	 Managing Director
	 		 		 	
		 	 Portfolio Management, Corporate Banking
	 		 		 	

  

									
	HSBC BANK CANADA	 		 	JPMORGAN CHASE BANK, N.A.
					
	Per:	 	 /s/ (signature)
	 		 	Per:	 	 /s/ Jeffrey Coleman

		 		 		 		 	Jeffrey Coleman
		 		 		 		 	Executive Director
					
	Per:	 	 /s/ (signature)
	 		 	Per:	 	  

  

									
	 THE BANK OF TOKYO–MITSUBISHI,
 LTD., CANADA BRANCH
	 		 	CITIBANK, N.A., Canadian Branch
					
	Per:	 	 /s/ (signature)
	 		 	Per:	 	 /s/ Azita Taravati

		 		 		 		 	Azita Taravati (Authorized Signatory)
					
	Per:	 	  
	 		 	Per:	 	  

  

									
	MIZUHO BANK, LTD.	 		 	ICICI BANK CANADA
					
	Per:	 	 /s/ W.M. McFarland
	 		 	Per:	 	 /s/ Akshay Chaturvedi

		 	W. M. McFarland	 		 		 	Akshay Chaturvedi
		 	Senior Vice President	 		 		 	Senior Vice President
		 	Canada Branch	 		 		 	Corporate & Commercial Banking
		 		 		 		 	ICICI Bank Canada
					
	Per:	 	  
	 		 	Per:	 	 /s/ Sumit Chatterjee

		 		 		 		 	Sumit Chatterjee
		 		 		 		 	AVP, Credit Risk
		 		 		 		 	ICICI Bank Canada

 LAURENTIAN BANK OF CANADA 

 

			
	Per:	 	 /s/ Guylaine Couture

		 	Guylaine Couture
		 	Assistant Vice President
		
	Per:	 	 /s/ Vanessa Thibault

		 	Vanessa Thibault
		 	Account Manager

									
	HSBC BANK PLC, as Finnvera Facility Agent	 		 		 	
					
	Per:	 	 /s/ (signature)
	 		 		 	
					
	Per:	 	  
	 		 		 	

  

									
	THE FINNVERA TERM FACILITY LENDERS:
			
	HSBC BANK PLC	 		 	THE TORONTO-DOMINION BANK
					
	Per:	 	 /s/ (signature)
	 		 	Per:	 	 /s/ Vince Chang

		 		 		 		 	 Vince Chang

		 		 		 		 	 Managing Director

		 		 		 		 	
					
	Per:	 	  
	 		 	Per:	 	 /s/ Sumit Paliwal

		 		 		 		 	 Sumit Paliwal

		 		 		 		 	 Director

  

									
	SUMITOMO MITSUI BANKING	 		 		 	
	CORPORATION OF CANADA	 		 		 	
					
	Per:	 	 /s/ Elwood R. Langley
	 		 		 	
		 	Elwood R. Langley	 		 		 	
		 	Managing Director	 		 		 	

 The undersigned acknowledge having taken cognizance of the provisions of the foregoing First Amending
Agreement and consent thereto, and agree that the Guarantees and Security executed by them (A) remain enforceable against them in accordance with their terms, and (B) continue to guarantee or secure, as applicable, all of the obligations
of the Persons specified in such Guarantees and Security Documents in connection with the Credit Agreement as defined above, and as amended hereby: 
  

									
	9293-6707 QUÉBEC INC.	 		 	9227-2590 QUÉBEC INC.
					
	Per:	 	 /s/ Chloé Poirier
	 		 	Per:	 	 /s/ Chloé Poirier

		 	Cholé Poirier	 		 		 	Cholé Poirier
		 	Vice President and Treasurer	 		 		 	Vice President and Treasurer
					
	Per:	 	 /s/ Jean-François Pruneau
	 		 	Per:	 	 /s/ Jean-François Pruneau

		 	Jean-François Pruneau	 		 		 	Jean-François Pruneau
		 	Vice President	 		 		 	Vice President

  

									
	9230-7677 QUÉBEC INC.	 		 	9176-6857 QUÉBEC INC.
					
	Per:	 	 /s/ Chloé Poirier
	 		 	Per:	 	 /s/ Chloé Poirier

		 	Cholé Poirier	 		 		 	Cholé Poirier
		 	Vice President and Treasurer	 		 		 	Vice President and Treasurer
					
	Per:	 	 /s/ Jean-François Pruneau
	 		 	Per:	 	 /s/ Jean-François Pruneau

		 	Jean-François Pruneau	 		 		 	Jean-François Pruneau
		 	Vice President	 		 		 	Vice President

  

									
	 VIDEOTRON L.P., represented by
 its general partner 9230-7677 QUÉBEC INC.
	 		 	VIDEOTRON G.P.
					
	Per:	 	 /s/ Chloé Poirier
	 		 	Per:	 	 /s/ Chloé Poirier

		 	Cholé Poirier	 		 		 	Cholé Poirier
		 	Vice President and Treasurer	 		 		 	Vice President and Treasurer
					
	Per:	 	 /s/ Jean-François Pruneau
	 		 	Per:	 	 /s/ Jean-François Pruneau

		 	Jean-François Pruneau	 		 		 	Jean-François Pruneau
		 	Vice President	 		 		 	Vice President

									
	VIDÉOTRON INFRASTRUCTURES INC.	 		 	 4DEGRÉS COLOCATION INC. /
 4DEGREES COLOCATION INC.

					
	Per:	 	 /s/ Chloé Poirier
	 		 	Per:	 	 /s/ Chloé Poirier

		 	Cholé Poirier	 		 		 	Cholé Poirier
		 	Vice President and Treasurer	 		 		 	Vice President and Treasurer
					
	Per:	 	 /s/ Jean-François Pruneau
	 		 	Per:	 	 /s/ Jean-François Pruneau

		 	Jean-François Pruneau	 		 		 	Jean-François Pruneau
		 	Vice President	 		 		 	Vice President
			
	9529454 CANADA INC.	 		 	8480869 CANADA INC.
					
	Per:	 	 /s/ Chloé Poirier
	 		 	Per:	 	 /s/ Chloé Poirier

		 	Cholé Poirier	 		 		 	Cholé Poirier
		 	Vice President and Treasurer	 		 		 	Vice President and Treasurer
					
	Per:	 	 /s/ Jean-François Pruneau
	 		 	Per:	 	 /s/ Jean-François Pruneau

		 	Jean-François Pruneau	 		 		 	Jean-François Pruneau
		 	Vice President	 		 		 	Vice President
			
	FIBRENOIRE INC.	 		 	 SYSTEMES DE FIBRES P2P DU CANADA
 LTÉE/ CANADIAN P2P FIBRE SYSTEMS LTD.

					
	Per:	 	 /s/ Chloé Poirier
	 		 	Per:	 	 /s/ Chloé Poirier

		 	Cholé Poirier	 		 		 	Cholé Poirier
		 	Vice President and Treasurer	 		 		 	Vice President and Treasurer
					
	Per:	 	 /s/ Jean-François Pruneau
	 		 	Per:	 	 /s/ Jean-François Pruneau

		 	Jean-François Pruneau	 		 		 	Jean-François Pruneau
		 	Vice President	 		 		 	Vice President

 SCHEDULE “B”- NOTICE OF BORROWING AND CERTIFICATE 

 

					
	TO:	    	ROYAL BANK OF CANADA, as Agent	  	
			
	FROM:	    	VIDÉOTRON LTÉE	  	DATE:

 1) This Notice of Borrowing and Certificate is delivered to you pursuant to the Amended and Restated Credit Agreement
dated as of June 16, 2015, and as same may have been further amended (the “Credit Agreement”). All defined terms set forth in this Notice of Borrowing and Certificate shall have the respective meanings set forth in the
Credit Agreement 
 2) We hereby request an Advance under the Revolving Facility/Unsecured Facility {select one} of the Credit Agreement
as follows: 
  

									
		 	(a)	 	Date of Advance: 	 	  
	 	

									
		 	(b)	 	Amount of Advance:	 	  
	 	

									
		 	(c)	 	Currency of Advance ($ or US$):	 	  
	 	

									
		 	(d)	 	Type of Advance:	 	  
	 	

									
		 	(e)	 	Designated Period(s) (if any):	 	  
	 	

									
		 	(f)	 	Maturity Date(s) (if applicable):	 	  
	 	

									
		 	(g)	 	Payment Instruction (if any):	 	  
	 	

 3) We have understood the provisions of the Credit Agreement which are relevant to the furnishing of this Notice of
Borrowing and Certificate. To the extent that this Notice of Borrowing and Certificate evidences, attests or confirms compliance with any covenants or conditions precedent provided for in the Credit Agreement, we have made such examination or
investigation as was, in our opinion, necessary to enable us to express an informed opinion as to whether such covenants or conditions have been complied with. 
 4) WE HEREBY CERTIFY THAT, in our opinion, as of the date hereof: 
 (a) All of the
representations and warranties of the Borrower contained in Article 11 of the Credit Agreement (except where qualified in Article 11 as being made as at a particular date) are true and correct on and as of the date hereof as though made on
and as of the date hereof. 
 (b) All of the covenants of the Borrower contained in Articles 12 and 13 of the Credit
Agreement together with all of the conditions precedent to an Advance and all other terms and conditions contained in the Credit Agreement have been fully complied with. 
 (c) If the requested Advance is under the Unsecured Facility, we confirm that the principal amount of the Advances outstanding under the Revolving Facility will not be less than the Threshold Amount on
the date the requested Advance under the Unsecured Facility is made. 
 (d) No Event of Default has occurred and no Default has
occurred and is continuing. 
  

			
	Yours truly,
	
	VIDÉOTRON LTÉE
		
	Per:	 	  

		
		 	  

		
	Title:

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