Document:

Third Amendment and Waiver to Credit Agreement

 Exhibit 10.1 
 THIRD AMENDMENT AND WAIVER TO 
 CREDIT AGREEMENT 
 This Third Amendment and Waiver to Credit Agreement (the “Third Amendment and Waiver”) is made as of the 22nd day of September, 2006 by and among 
 SAKS INCORPORATED, a corporation organized under the laws of the State of Tennessee, having a place of business at 750 Lakeshore Parkway, Birmingham, Alabama 35211; 
 the LENDERS party hereto; and 
 BANK OF
AMERICA, N.A., as successor in interest to Fleet Retail Group, LLC (f/k/a Fleet Retail Group, Inc.), as Agent for the Lenders, a national banking association, having a place of business at 40 Broad Street, Boston, Massachusetts 02109; and

 CITICORP NORTH AMERICA, INC., as Syndication Agent; and 
 WACHOVIA BANK, NATIONAL ASSOCIATION, JPMORGAN CHASE BANK, N.A. and GENERAL ELECTRIC CAPITAL CORPORATION, as Co-Documentation Agents 
 in consideration of the mutual covenants herein contained and benefits to be derived herefrom. 
 WITNESSETH

 WHEREAS, the Borrower, the Agent, the Syndication Agent, the Co-Documentation Agents and the Lenders have entered into an Amended
and Restated Credit Agreement dated as of November 26, 2003 (as amended and in effect, the “Credit Agreement”); and 
 WHEREAS, Fleet Retail Group, LLC (f/k/a Fleet Retail Group, Inc.) (the “Existing Agent”) has contemporaneously herewith assigned all of its right, title, and interest as a Lender under the Credit Agreement and each of the
other Loan Documents to Bank of America, N.A., and the Existing Agent desires to resign as Agent hereunder and the Lenders desire to appoint Bank of America, N.A. as successor Agent; and 
 WHEREAS, the Borrower has advised the Agent, the Lenders, the Syndication Agent, and the Co-Documentation Agents that the Borrower intends to sell its
equity interests (the “Parisian Transferred Equity”) in Parisian Stores, Inc. (f/k/a McRae’s of Alabama, Inc.), Parisian Wholesalers, Inc. (f/k/a Saks Wholesalers, Inc.) and Parisian Alabama, Inc. (together with Parisian
Stores, Inc. and Parisian Wholesalers, Inc., the “Parisian Transferred Companies”) to Belk, Inc.; and 
  

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 WHEREAS, the Borrower has requested that the Agent release its Lien on the Collateral owned by the
Parisian Transferred Companies and release the Parisian Transferred Companies from their respective obligations under the Credit Agreement and the other Loan Documents; and 
 WHEREAS, the sale of the Parisian Transferred Equity without the consent of the Majority Lenders would violate Section 7.8 of the Credit Agreement,
resulting in an Event of Default under Section 9.1(c) of the Credit Agreement; and 
 WHEREAS, the Borrower, the Agent, the Lenders, the
Syndication Agent and the Co-Documentation Agents have agreed to amend certain provisions of the Credit Agreement as set forth herein in order to, among other things, permit the sale of the Parisian Transferred Equity; and 
 WHEREAS, the Borrower has requested that the Agent and the Majority Lenders waive, and the Agent and the Majority Lenders are willing to waive, on the
terms and conditions set forth herein, the Events of Default which have arisen by virtue of (i) the Borrower’s failure to give the Agent not less than thirty (30) days prior notice to the change of name of McRae’s Stores
Services, Inc. to Club Libby Lu, Inc., (ii) the Borrower’s failure to give the Agent not less than thirty (30) days prior notice to the change of name of McRae’s of Alabama, Inc. to Parisian Stores, Inc., (iii) the
Borrower’s failure to give the Agent not less than thirty (30) days prior notice to the change of name of Saks Wholesalers, Inc. to Parisian Wholesalers, Inc., in each case as required under Section 5.3(f) of the Credit Agreement and
(iv) the Borrower’s failure to cause Parisian Alabama, Inc. to promptly execute a joinder to the Guaranty and Security Agreement as required under Section 7.24(c) of the Credit Agreement. 
 NOW THEREFORE, it is hereby agreed as follows: 
  

	1.	Definitions. All capitalized terms used herein and not otherwise defined shall have the same meaning herein as in the Credit Agreement. 

  

	2.	Amendment to Article 1 to the Credit Agreement. The provisions of Section 1.3(b) of the Credit Agreement are hereby amended by deleting “180” in the twelfth
line thereof and substituting “210” in its stead. 

  

	3.	Amendments to Article 7 of the Credit Agreement. The provisions of Section 7.4(a) of the Credit Agreement are hereby amended by adding the words “or in connection
with the sale of the Parisian Transferred Equity in the Parisian Transferred Companies pursuant to the Parisian Sale” immediately before the period at the end thereof. 

  

	4.	Amendments to Annex A to the Credit Agreement. The provisions of Annex A to the Credit Agreement are hereby amended as follows: 

  

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	 	a.	By adding the following new definition in appropriate alphabetical order: 

 “Parisian Sale” means the sale of the Parisian Transferred Equity to Belk, Inc. pursuant to, and in accordance with, the terms of a certain Stock Purchase Agreement dated as of August 1, 2006
(with such amendments, modifications or waivers to which the Agent has consented (such consent not to be unreasonably withheld or delayed and being required only to the extent such amendments, modifications or waivers are materially adverse to the
Lenders (as reasonably determined by the Agent))). 
 “Parisian Transferred Equity” means the outstanding equity interests of
the Borrower in Parisian Stores, Inc., Parisian Wholesalers, Inc. and Parisian Alabama, Inc. 
 “Parisian Transferred
Companies” means Parisian Stores, Inc., Parisian Wholesalers, Inc. and Parisian Alabama, Inc. 
  

	 	b.	By deleting the definition of “Stated Termination Date” in its entirety and substituting the following in its stead: 

 “Stated Termination Date” means September 22, 2011. 
  

	 	c.	By adding the words “and the Parisian Sale” prior to the comma at the end of clause (a) of the definition of “Permitted Asset Sales.”

  

	5.	Amendments to Schedules. Schedule I to the Security Agreement is hereby deleted in its entirety and the Schedule I attached hereto is hereby substituted in its stead.

  

	6.	Waiver. The Agent and the Lenders constituting the Majority Lenders hereby waive the Events of Default which have arisen by virtue of (i) the Borrower’s failure to
give the Agent not less than thirty (30) days prior notice to the change of name of McRae’s Stores Services, Inc. to Club Libby Lu, Inc., (ii) the Borrower’s failure to give the Agent not less than thirty (30) days prior
notice to the change of name of McRae’s of Alabama, Inc. to Parisian Stores, Inc., (iii) the Borrower’s failure to give the Agent not less than thirty (30) days prior notice to the change of name of Saks Wholesalers, Inc. to
Parisian Wholesalers, Inc., in each case as required under Section 5.3(f) of the Credit Agreement and (iv) the Borrower’s failure to cause Parisian Alabama, Inc. to promptly execute a joinder to the Guaranty and Security Agreement as
required under Section 7.24(c) of the Credit Agreement. 

  

	7.	Release of Liens. Subject to the satisfaction of the conditions precedent set forth in Paragraph 9 of this Third Amendment and Waiver and pursuant to the provisions of
Section 7.8(c) of the Credit Agreement, immediately upon the consummation of the Parisian Sale, the Agent’s Liens on the assets of the Parisian Transferred Companies 

  

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 which have been sold pursuant to the Parisian Sale, and all obligations of the Parisian Transferred
Companies under the Credit Agreement and the other Loan Documents (including, without limitation, pursuant to the Subsidiary Guaranty), shall be automatically and unconditionally released and discharged without any further action of the Agent or the
Lenders. The Agent hereby agrees to execute and to deliver to the Borrower promptly upon the Borrower’s request, such agreements, documents and instruments as may be reasonably requested by the Borrower, and prepared at the Borrower’s sole
expense, including, without limitation, UCC termination statements and UCC statements of amendment, to evidence the release of the Agent’s Liens on the assets of the Parisian Transferred Companies which have been sold pursuant to the Parisian
Sale and the release of the Parisian Transferred Companies of all obligations under the Credit Agreement and the other Loan Documents (including, without limitation, pursuant to the Subsidiary Guaranty). 
  

	8.	Resignation of Existing Agent and Appointment of Agent as Successor Agent. The Existing Agent hereby confirms its resignation as Agent under the Credit Agreement and each of
the other Loan Documents, and the Lenders hereby appoint the Agent as successor Agent hereunder, and the Agent hereby accepts the appointment as successor Agent. The Borrower hereby consents to such appointment and the Borrower and the Lenders
hereby waive the requirement under Section 12.9 of the Credit Agreement that such resignation be effective only after thirty (30) days’ prior notice. Fleet Retail Group, LLC shall execute and deliver to Bank of America, N.A. such
instruments, documents, and agreements, and shall do all such things from time to time hereafter as Bank of America, N.A. reasonably may request to carry into effect the provisions and intent of the foregoing resignation and appointment. Without
limiting the foregoing, with respect to all UCC-1 Financing Statements filed and naming the Borrower or any Guarantor as Debtor and naming Fleet Retail Group, LLC as Secured Party, Fleet Retail Group, LLC hereby authorizes Bank of America, N.A. to
file UCC-3 Amendments replacing Fleet Retail Group, LLC as Secured Party with Bank of America, N.A. 

  

	9.	Conditions to Effectiveness. This Third Amendment and Waiver shall not be effective until each of the following conditions precedent have been fulfilled to the satisfaction
of the Agent: 

  

	 	a.	This Third Amendment and Waiver shall have been duly executed and delivered by the Borrower, the Agent and the Lenders. The Agent shall have received a fully executed copy hereof
and of each other document required hereunder. 

  

	 	b.	All action on the part of the Borrower necessary for the valid execution, delivery and performance by the Borrower of this Third Amendment and Waiver shall have been duly and
effectively taken. The Agent shall have received from the Borrower true copies of the resolutions authorizing the transactions described herein, each certified by their secretary or other appropriate officer to be true and complete.

  

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	 	c.	The Borrower shall have paid the Agent all amounts due under the Amendment Fee Letter of even date herewith. 

  

	 	d.	With respect to the provisions of Paragraph 7 of this Third Amendment and Waiver only, the Parisian Sale shall have been consummated pursuant to the terms of the Stock Purchase
Agreement dated August 1, 2006 (with such amendments, modifications or waivers to which the Agent has consented (such consent not to be unreasonably withheld or delayed and being required only to the extent such amendments, modifications or
waivers are materially adverse to the Lenders (as reasonably determined by the Agent))). 

  

	 	e.	The Borrower shall have reimbursed the Agent for all expenses incurred in connection herewith, including, without limitation, reasonable attorneys’ fees which are reimbursable
in accordance with Section 13.7 of the Credit Agreement. 

  

	 	f.	After giving effect to this Third Amendment and Waiver, no Default or Event of Default shall have occurred and be continuing. 

  

	 	g.	The Borrower shall have provided such additional instruments and documents, as the Agent and their counsel may have reasonably requested. 

  

	10.	Miscellaneous. 

  

	 	a.	Except as provided herein, all terms and conditions of the Credit Agreement and the other Loan Documents remain in full force and effect. After giving effect to this Third Amendment
and Waiver, the Borrower hereby ratifies, confirms, and reaffirms all of the representations, warranties and covenants contained in the Credit Agreement and the other Loan Documents. Without limiting the generality of the foregoing, the Borrower
hereby acknowledges, confirms and agrees that all Collateral (subject to the provisions of Paragraph 7 of this Third Amendment and Waiver) shall continue to secure the Obligations as modified and amended pursuant to this Third Amendment and Waiver,
and any future modifications, amendments, substitutions or renewals thereof. 

  

	 	b.	This Third Amendment and Waiver may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed and delivered, each shall be an
original, and all of which together shall constitute one instrument. Delivery of an executed counterpart of a signature page hereto by telecopy shall be as effective as delivery of a manually executed counterpart hereof. 

  

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	 	c.	This Third Amendment and Waiver expresses the entire understanding of the parties with respect to the matters set forth herein and supersedes all prior discussions or negotiations
hereon. Any determination that any provision of this Third Amendment and Waiver or any application hereof is invalid, illegal or unenforceable in any respect and in any instance shall not effect the validity, legality, or enforceability of such
provision in any other instance, or the validity, legality or enforceability of any other provisions of this Third Amendment and Waiver. Nothing contained herein shall be deemed to constitute a waiver of any other Events of Default now existing or
hereafter arising under the Credit Agreement. 

  

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 IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment and Waiver to be executed and
their seals to be hereto affixed as the date first above written. 
  

			
	 SAKS INCORPORATED

		
	By:	 	 /s/ C. Wes Burton, Jr.

	Print Name:	 	C. Wes Burton, Jr.
	Title:	 	Senior Vice President and Treasurer
	
	FLEET RETAIL GROUP, LLC, as Existing Agent
		
	By:	 	 /s/ Kathleen Dimock

	Print Name:	 	Kathleen Dimock
	Title:	 	Managing Director
	BANK OF AMERICA, N.A., as Agent
		
	By:	 	 /s/ Kathleen Dimock

	Print Name:	 	Kathleen Dimock
	Title:	 	Managing Director
	
	CITICORP NORTH AMERICA, INC.
		
	By:	 	 /s/ Shapleigh R. Smith

	Print Name:	 	Shapleigh R. Smith
	Title:	 	Managing Director
	
	GENERAL ELECTRIC CAPITAL CORPORATION
		
	By:	 	 /s/ Rebecca A. Ford

	Print Name:	 	Rebecca A. Ford
	Title:	 	Duly Authorized Signatory
	
	WACHOVIA BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Marc J. Breier

	Print Name:	 	Marc J. Breier
	Title:	 	Director

  

 7 

			
	 JPMORGAN CHASE BANK, N.A.

		
	 By:
	 	 /s/ David A. Lehner

	 Print Name:
	 	David A. Lehner
	 Title:
	 	Vice President
	
	 THE CIT GROUP/BUSINESS CREDIT, INC.

		
	 By:
	 	 /s/ Manuel Borges

	 Print Name:
	 	Manuel Borges
	 Title:
	 	Vice President
	
	 WELLS FARGO FOOTHILL, LLC

		
	 By:
	 	 /s/ Juan Barrera

	 Print Name:
	 	Juan Barrera
	 Title:
	 	Vice President
	
	LASALLE RETAIL FINANCE, A DIVISION OF LASALLE BUSINESS CREDIT, AS AGENT FOR STANDARD FEDERAL BANK NATIONAL ASSOCIATION
		
	 By:
	 	 /s/ Matthew Potter

	 Print Name:
	 	Matthew Potter
	 Title:
	 	Vice President – Account Executive
	
	 NATIONAL CITY BUSINESS CREDIT, INC.

		
	 By: 
	 	 /s/ Joseph Kwasny

	 Print Name:
	 	Joseph Kwasny
	 Title:
	 	Director

  

 8 

			
	 AMSOUTH BANK

		
	 By: 
	 	 /s/ Frank Marsicano

	 Print Name:
	 	Frank Marsicano
	 Title:
	 	Attorney-in-Fact
	
	 PNC BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Verold Slutsky

	 Print Name:
	 	Verold Slutsky
	 Title:
	 	Vice President
	
	 SIEMENS FINANCIAL SERVICES, INC.

		
	 By:
	 	 /s/ Uri Sky

	 Print Name: 
	 	 Uri Sky

	 Title:
	 	Vice President – Credit
	
	 UBS AG, STAMFORD BRANCH

		
	 By:
	 	 /s/ Richard A. Touron

	 Print Name: 
	 	Richard A. Touron
	 Title:
	 	Director
		
	 By:
	 	 /s/ Irja R. Otsa

	 Print Name: 
	 	Irja R. Otsa
	 Title:
	 	Associate Director

  

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	 HSBC BUSINESS CREDIT (USA), INC.

		
	 By:
	 	 /s/ Amanda O’Brien

	 Print Name: 
	 	Amanda O’Brien
	 Title:
	 	Assistant Vice President
	
	 UPS CAPITAL CORPORATION

		
	 By:
	 	 /s/ Michael O’Neal

	 Print Name: 
	 	Michael O’Neal
	 Title:
	 	Senior Credit Officer
	
	 FIRST COMMERCIAL BANK

		
	 By:
	 	 /s/ James W. Brunstad

	 Print Name:
	 	James W. Brunstad
	 Title:
	 	Senior Vice President

  

 10First Amendment Agreement to Credit Agreement dated October 13, 2005

 Exhibit 4.2 
 THIS FIRST AMENDMENT AGREEMENT is dated as of the 15th day of February, 2006.

 BETWEEN: 
 CANWEST MEDIAWORKS INC.

 a corporation incorporated under the laws of Manitoba 
 AS BORROWER 
 - and - 
 THE GUARANTORS FROM TIME TO TIME PARTY 
 TO THE CREDIT AGREEMENT 
 AS GUARANTORS 
 - and - 
 THE LENDERS FROM TIME TO TIME
PARTY 
 TO THE CREDIT AGREEMENT 
 AS LENDERS 
 - and - 
 THE BANK OF NOVA SCOTIA 
 a bank to which the Bank Act (Canada) applies,

 in its capacity as administrative agent hereunder 
 AS ADMINISTRATIVE AGENT 
 RECITALS: 
  

	A.	The Borrower, the Guarantors, the Agent and the Lenders are parties to a Credit Agreement dated as of 13 October 2005 (the “Existing Credit Agreement”).

  

	B.	The Borrower and the Lenders have agreed to certain amendments to the terms and conditions in the Existing Credit Agreement and the parties are entering into this First Amendment
Agreement to give effect thereto and to the other matters set forth herein. 

 NOW THEREFORE in consideration of the
premises and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound hereby, the parties agree as follows: 

 Section 1 – Amendments to the Credit 
 (a) Section 2.1(1) of the Existing Credit Agreement is deleted and replaced with the following provision: 
  

	 	2.1(1)	Upon and subject to the terms and conditions of this Agreement, the Lenders severally agree to provide to the Borrower a credit facility (the “Credit”) for the use
of the Borrower in the amount of up to Cdn. $600,000,000 or the Equivalent Amount in US Dollars (provided that each Lender’s obligation hereunder shall be limited to its respective Applicable Percentage of the Credit).

 (b) Section 2.5(1) of the Existing Credit Agreement is deleted and replaced with the following provision: 
  

	 	2.5(1)	The Credit (and Advances outstanding thereunder) shall be permanently reduced by: 

  

	 	(a)	100% of the amount of all Net Cash Proceeds of Permitted Pari Passu Debt and Permitted Subordinated Debt issued or incurred by the Borrower, other than Net Cash Proceeds of
Permitted Pari Passu Debt and Permitted Subordinated Debt issued or incurred by the Borrower which are reinvested in Permitted Investments (which, for these purposes, shall not include any guarantee or other financial assistance) within 18 months of
the receipt of such proceeds; 

  

	 	(b)	100% of the amount of all Net Cash Proceeds of any sale, transfer or other disposition by any Global Group Entity of any of its Property (including Capital Stock of other Persons)
in excess of Cdn. $20,000,000 (in aggregate for all Global Group Entities) in each fiscal year of the Borrower, other than (i) Net Cash Proceeds of sales, transfers or dispositions between or amongst the Obligors; or (ii) Net Cash
Proceeds of sales, transfers or dispositions, the Net Cash Proceeds of which are reinvested in Permitted Investments (which, for these purposes, shall not include any guarantee or other financial assistance) within 18 months of the receipt of such
proceeds, or (iii) provided that the first 50% of Net Cash Proceeds arising from any direct or indirect sale of CanWest Irish Holdings (Barbados) Inc. or any of its Property is applied to permanently repay and reduce the Credit, the remaining
50% of such Net Cash Proceeds if such Net Cash Proceeds are reinvested in Permitted Investments (which, for these purposes, shall not include any guarantee or other financial assistance) within 18 months of the receipt thereof; and

  

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	 	(c)	(i) Cdn. $40,000,000 in the event that the direct or indirect disposition of CanWest Irish Holdings (Barbados) Inc. or its Property has not been completed by
31 August 2007, or (ii) that amount which is equal to one-half of the difference between Cdn. $80,000,000 and the Net Cash Proceeds arising from the direct or indirect disposition of CanWest Irish Holdings (Barbados) Inc. or its
Property if such Net Cash Proceeds are less than Cdn. $80,000,000 and 50% thereof has been applied in permanent reduction of the Credit. 

 Such reductions to the Credit shall constitute permanent reductions of the amount available under the Credit. 
 (c)
Section 2.6(1) of the Existing Credit Agreement is deleted and replaced with the following provision: 
  

	 	2.6(1)	Interest rates, Banker’s Acceptance Fees, L/C commissions and Standby Fees will vary and be calculated based on the Total Leverage Ratio as follows: 

 

																
	 Total Leverage Ratio
	  	 Applicable
 Margin for
 Prime Rate
 Advances and
 Base Rate
 Advances
 (% per annum)
	 	 	 BA Fees, L/C
 Commissions and
 Applicable Margin
 for LIBOR
 Advances
 (% per annum)
	 	 	 Standby Fee
 (% utilized basis)
 (% per
annum)
	 
	  	 	 	> 2/3	 	 	> 1/3	 	 	£
1/3	 
	 Great than 5.0 to 1
	  	2.00	%	 	3.00	%	 	0.80	%	 	1.00	%	 	1.10	%
	 Less than or equal to 5.0 to 1 but greater than 4.50 to 1
	  	1.75	%	 	2.75	%	 	0.70	%	 	0.90	%	 	1.00	%
	 Less than or equal to 4.5 to 1 but greater than 4.00 to 1
	  	1.25	%	 	2.25	%	 	0.50	%	 	0.75	%	 	0.875	%
	 Less than or equal to 4.00 to 1 but greater than 3.50 to 1
	  	0.75	%	 	1.75	%	 	0.30	%	 	0.50	%	 	0.625	%
	 Less than or equal to 3.50 to 1 but greater than 3.0 to 1
	  	0.50	%	 	1.50	%	 	0.25	%	 	0.45	%	 	0.55	%
	 Less than or equal to 3.00 to 1
	  	0.00	%	 	1.00	%	 	0.20	%	 	0.40	%	 	0.50	%

  

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 Section 2 – Amendment to Financial Covenants 
 (a) Section 7.1(1) of the Existing Credit Agreement is deleted and replaced with the following provision: 
  

	 	7.1(1)	The Borrower shall have at Closing (after consummation of and giving effect to the Implementation Transactions) and shall at all times during the applicable time periods noted below
maintain a Total Leverage Ratio of not greater than the applicable ratio set forth below: 

  

			
	 Period:
	  	Total Leverage Ratio
	 From 30 November 2005 to 27 February 2007
	  	6.00 to 1.00
	 From 28 February 2007 to 30 August 2007
	  	5.75 to 1.00
	 31 August 2007 and thereafter
	  	5.00 to 1.00

 provided however, that upon request made by the Borrower at any time on or after 31 August
2007 and when the Total Leverage Ratio for its immediately preceding fiscal quarter is less than or equal to 5.00 to 1.00 and which request is made before the end of the fiscal quarter in which a Permitted Investment is made, the maximum permitted
Total Leverage Ratio may be increased to 5.50 to 1.00 for a period of twelve months from the closing of the Permitted Investment, after which time the maximum permitted Total Leverage Ratio shall automatically reduce to 5.00 to 1.00. The Borrower
shall not be permitted to request an increase in the maximum permitted Total Leverage Ratio in connection with any subsequent Permitted Investment as contemplated in this Section 7.1(1) until the automatic reduction referred to in the preceding
sentence shall have become effective or the Total Leverage Ratio shall have been not greater than 5.00 to 1.00 for at least two consecutive fiscal quarters. 
  

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 (b) Section 7.1(3) of the Existing Credit Agreement is deleted and replaced with the following provision:

  

	 	7.1(3)	The Borrower shall have at Closing (after consummation of and giving effect to the Implementation Transactions) and shall at all times during the applicable time periods noted below
maintain an Interest Coverage Ratio of not less than the applicable ratio set forth below: 

  

			
	 Period:
	  	Interest Coverage Ratio
	 From 30 November 2005 to 29 November 2007
	  	2.50 to 1.00
	 30 November 2007 and thereafter
	  	3.00 to 1.00

 Section 3 – Consent to Investment in The New Republic

 The Lenders hereby consent to the Investment by the Borrower in The New Republic, a U.S.-based political opinion magazine, by
way of acquisition of 30% of the Capital Stock (represented by 30 membership units) of The New Republic, LLC by CanWest MediaWorks (US) Holdings Corp., a wholly-owned Subsidiary of the Borrower, for aggregate consideration not in excess of
US $2,000,000. The foregoing Investment shall be a Permitted Investment for purposes of the Credit Agreement, and the Borrower shall take, and cause to be taken, such actions in relation thereto as are required to be taken under
Section 1.1.138(f) of the Credit Agreement. 
 Section 4 – Amendment to Schedule E of Existing Credit Agreement 
 Schedule E to the Existing Credit Agreement is deleted and replaced by Schedule E to this First Amendment Agreement. 
 Section 5 – Conditions Precedent to Effectiveness of this First Amendment Agreement 
 This First Amendment Agreement shall become binding on the Lenders only upon satisfaction of the following conditions precedent: 
  

	 	(a)	execution and delivery of this First Amendment Agreement by each of the Borrower and the Guarantors; 

  

	 	(b)	execution and delivery of this First Amendment Agreement by the Lenders in accordance with Section 9.2 of the Existing Credit Agreement; 

  

	 	(c)	no Event of Default or Pending Event of Default having occurred and being continuing as at the date of satisfaction of all of the foregoing conditions precedent;

  

 - 5 - 

	 	(d)	the Agent having received an amendment fee equal to 0.60% of the increase in the Credit, being Cdn. $695,700, for the account of each consenting Lender in proportion to the
increase in each Lender’s Commitment; 

  

	 	(e)	the Agent having received the favourable opinions of such Ontario and foreign counsel to the Borrower and the Guarantors as it may reasonably require, in relation to the
enforceability of this First Amendment Agreement; and 

  

	 	(f)	such corporate resolutions, incumbency and other certificates of each of the Borrower and the Guarantors as the Agent may reasonably request in connection with this First Amendment
Agreement and the transactions contemplated hereby. 

 Section 6 – Representations of the Obligors 
 Each of the Obligors acknowledge that this First Amendment Agreement is a Loan Document and that all of their respective representations and warranties
concerning Loan Documents that are contained in the Existing Credit Agreement apply to this First Amendment Agreement and are deemed to be repeated on their execution of this First Amendment Agreement as if set out in full in this First Amendment
Agreement. 
 Section 7 – Continuing Effect of Existing Credit Agreement 
 Except as amended by this First Amendment Agreement, the Existing Credit Agreement shall remain in full force and effect, without amendment, and is hereby
ratified and confirmed. Without in any way limiting the terms of the Existing Credit Agreement or any other Loan Document, each Obligor confirms that the Security made or granted by it pursuant to the Existing Credit Agreement remains in full force
and effect notwithstanding the amendments to the Existing Credit Agreement contained herein and that such Security shall continue to secure all of the debts, liabilities and obligations described in Section 3.2 of the Existing Credit Agreement,
including but not limited to those debts, liabilities and obligations arising as a result of this First Amendment Agreement. 
 Section 8 –
Further Assurances 
 The Borrower shall promptly do, make, execute or deliver, or cause to be done, made, executed or delivered, all such
further acts, documents and things as the Agent may require from time to time for the purposes of giving effect to this First Amendment Agreement and shall use reasonable efforts and take all such steps as may be within its power to implement, to
the full extent, the provisions of this First Amendment Agreement. 
 Section 9 – Counterparts and Facsimile 
 This First Amendment Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an original,
and such counterparts together shall constitute one and the same agreement. For the purposes of this Section, the delivery of a facsimile copy of an executed counterpart of this First Amendment Agreement shall be deemed to be valid execution and
delivery thereof. 
  

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 Section 10 – Governing Law 
 The parties agree that this First Amendment Agreement shall be conclusively deemed to be a contract made under, and shall for all purposes be governed by and construed in accordance with, the laws of the Province of
Ontario and the laws of Canada applicable in the Province of Ontario. 
 Section 11 – Interpretation 
 Capitalized terms used herein, unless otherwise defined or indicated herein, have the respective meanings defined in the Existing Credit Agreement. This
First Amendment Agreement and the Existing Credit Agreement shall be read together and have effect so far as practicable as though the provisions thereof and the relevant provisions hereof are contained in one document. 
 [EXECUTION PAGES FOLLOW] 
  

 - 7 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 THE BANK OF NOVA SCOTIA,
 as
Agent

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	CANWEST MEDIAWORKS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	 By:
	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 2 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 CANWEST GLOBAL
 COMMUNICATIONS
CORP.

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 3 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	NATIONAL POST HOLDINGS LTD.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 4 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	GTNQ HOLDINGS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	 By:
	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 5 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	MULTISOUND PUBLISHERS LTD.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	 By:
	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 6 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	WESTERN COMMUNICATIONS INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 7 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	ONTV HOLDINGS INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 8 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	BCTV HOLDINGS INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 9 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	CHEK HOLDINGS INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 10 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	CHBC HOLDINGS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	 By:
	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 11 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	3629368 CANADA INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	 By:
	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 12 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	WIC TELEVISION PRODUCTION SUB INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	 By:
	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 13 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	3919056 CANADA LTD.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	 By:
	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 14 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	FOX SPORTS WORLD CANADA HOLDCO INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 15 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	LONESTAR HOLDCO INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 16 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	RETROVISTA HOLDCO INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 17 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	XTREME SPORTS HOLDCO INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 18 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	MBS PRODUCTIONS INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 19 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	GLOBAL CENTRE INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 20 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	YELLOW CARD PRODUCTIONS INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 21 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	FOX SPORTS WORLD CANADA
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	FOX SPORTS WORLD CANADA HOLDCO INC. as general partner on behalf of FOX SPORTS WORLD CANADA
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CANWEST MEDIAWORKS INC. as general partner on behalf of FOX SPORTS WORLD CANADA
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 22 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	LONESTAR
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	LONESTAR HOLDCO INC. as general partner on behalf of LONESTAR
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CANWEST MEDIAWORKS INC. as general partner on behalf of LONESTAR
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 23 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	DEJA VIEW
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	RETROVISTA HOLDCO INC. as general partner on behalf of DEJA VIEW
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CANWEST MEDIAWORKS INC. as general partner on behalf of DEJA VIEW
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

 A) 
 [signature page for First Amendment Agreement to Credit Agreement dated as of 13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 24 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	XTREME SPORTS
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	XTREME SPORTS HOLDCO INC. as general partner on behalf of XTREME SPORTS
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CANWEST MEDIAWORKS INC. as general partner on behalf of XTREME SPORTS
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 25 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	THE NATIONAL POST COMPANY/ LA PUBLICATION NATIONAL POST
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NATIONAL POST HOLDINGS LTD. as general partner on behalf of THE NATIONAL POST COMPANY/LA PUBLICATION NATIONAL POST
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CANWEST MEDIAWORKS INC. as general partner on behalf of THE NATIONAL POST COMPANY/LA PUBLICATION NATIONAL POST
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 26 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 CANWEST GLOBAL BROADCASTING
 INC./
RADIODIFFUSION CANWEST
 GLOBAL INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 27 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 CANWEST FINANCE INC./
 FINANCIÈRE CANWEST INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 28 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 GLOBAL TELEVISION NETWORK
 QUEBEC
LIMITED PARTNERSHIP
 RÉSEAU DE TÉLÉVISION GLOBAL
 QUÉBEC, SOCIÉTÉ EN COMMANDITE
 by its general partner CANWEST
 MEDIAWORKS INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 29 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 CANWEST INTERNATIONAL
 COMMUNICATIONS INC.

		
	 By:
	 	  

		 	Yale H. Lerner
		 	Chief Executive Officer
		
	 By:
	 	  

		 	Barbara A. O’Gorman
		 	President, Assistant Secretary

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 30 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 CANWEST IRISH HOLDINGS
 (BARBADOS)
INC.

		
	 By:
	 	  

		 	Yale H. Lerner
		 	Chief Executive Officer
		
	 By:
	 	  

		 	Barbara A. O’Gorman
		 	President, Assistant Secretary

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 31 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	CANWEST INTERNATIONAL MANAGEMENT INC.
		
	 By:
	 	  

		 	Yale H. Lerner
		 	Chief Executive Officer
		
	 By:
	 	  

		 	Barbara A. O’Gorman
		 	President, Assistant Secretary

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 32 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 Given under the Common Seal of
 CANWEST
INTERNATIONAL
 DISTRIBUTION LIMITED

		
	 By:
	 	  

		 	Rick Hetherington
		 	Director
		
	 By:
	 	  

		 	Goodbody Secretarial Limited
		 	Secretary

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 33 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 Given under the Common Seal of
 CANWEST
MEDIAWORKS IRELAND
 HOLDINGS

		
	 By:
	 	  

		 	Rick Hetherington
		 	Director
		
	 By:
	 	  

		 	Goodbody Secretarial Limited
		 	Secretary

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 34 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 Given under the Common Seal of
 CANWEST
IRELAND NOMINEE LIMITED

		
	 By:
	 	  

		 	Rick Hetherington
		 	Director
		
	 By:
	 	  

		 	Goodbody Secretarial Limited
		 	Secretary

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 35 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 Given under the Common Seal of
 CANWEST IRELAND SALES LIMITED

		
	 By:
	 	  

		 	Rick Hetherington
		 	Director
		
	 By:
	 	  

		 	Goodbody Secretarial Limited
		 	Secretary

 B) 
 [signature page for First Amendment Agreement to Credit Agreement dated as of 13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 36 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	CGS DEBENTURE HOLDING (NETHERLANDS) B.V.
		
	 By:
	 	  

		 	Joan Edwards
		 	managing director B
		
	 By:
	 	  

		 	James Bradley Unsworth
		 	managing director A

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 37 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	CGS INTERNATIONAL HOLDINGS (NETHERLANDS) B.V.
		
	 By:
	 	  

		 	Joan Edwards
		 	managing director B
		
	 By:
	 	  

		 	James Bradley Unsworth
		 	managing director A

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 38 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 CGS SHAREHOLDING
 (NETHERLANDS)
B.V.

		
	 By:
	 	  

		 	Joan Edwards
		 	managing director B
		
	 By:
	 	  

		 	James Bradley Unsworth
		 	managing director A

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 39 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	CGS NZ RADIO SHAREHOLDING (NETHERLANDS) B.V.
		
	 By:
	 	  

		 	 John Culligan

		 	 managing director A

		
	 By:
	 	  

		 	 Richard Lawson Hetherington

		 	 managing director B

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 40 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	CGS NZ TV SHAREHOLDING (NETHERLANDS) B.V.
		
	 By:
	 	  

		 	John Culligan
		 	managing director A
		
	 By:
	 	  

		 	Richard Lawson Hetherington
		 	managing director B

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 41 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	 THE BANK OF NOVA SCOTIA,
 as
Lender

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 42 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	ROYAL BANK OF CANADA
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 43 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	CANADIAN IMPERIAL BANK OF COMMERCE
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 44 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	BANK OF MONTREAL
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 45 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	THE TORONTO-DOMINION BANK
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 46 - 

 IN WITNESS WHEREOF, the parties have duly executed this First Amendment Agreement. 
  

			
	GE CANADA FINANCE HOLDING COMPANY
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [signature page for First Amendment Agreement to Credit Agreement dated as of
13 October 2005 relating to CanWest MediaWorks Inc. et al.] 
 FIRST AMENDMENT AGREEMENT 
  

 - 47 - 

 SCHEDULE E 
 APPLICABLE PERCENTAGES OF LENDERS 
 [see references in Section 1.1] 
  

							
	 Lender
	  	Commitment	  	Applicable Percentage	 
	 The Bank of Nova Scotia
	  	$	162,338,000	  	27.06	%
			
	 Royal Bank of Canada
	  	$	154,942,700	  	25.82	%
			
	 Canadian Imperial Bank of Commerce
	  	$	105,794,900	  	17.63	%
			
	 Bank of Montreal
	  	$	105,794,900	  	17.63	%
			
	 The Toronto-Dominion Bank
	  	$	66,129,500	  	11.02	%
			
	 GE Canada Finance Holding Company
	  	$	5,000,000	  	0.83	%
		  	 	 	  	 	 
		  	$	600,000,000	  	100	%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]