Document:

EX-10.1

 Exhibit 10.1 

March 17, 2014 

MCGRATH RENTCORP 

5700 Las Positas Road 
 Livermore, CA 94551 

Attn.: Chief Financial Officer 
  

	 	Re:	Amendment to Note Purchase and Private Shelf Agreement 

 Ladies and Gentlemen: 

Reference is made to that certain Note Purchase and Private Shelf Agreement, dated April 21, 2011 (as amended, restated or supplemented
from time to time, the “Note Purchase Agreement”), by and between McGrath RentCorp (the “Company”) and the Subsidiary Guarantors named on the signature pages hereof, on the one hand, and Prudential Investment
Management, Inc. (“PIM”) and each of the Persons listed on Annex A hereto (collectively with PIM, the “Purchasers”), on the other hand. Capitalized terms used and not otherwise defined herein shall have the meanings
provided in the Note Purchase Agreement. 
 Pursuant to the request of the Company and the provisions of Section 17 of the Note
Purchase Agreement, the Purchasers hereby agree as follows: 
 1. Clause (i) of Section 2B(2) of the Note Purchase Agreement is
amended by deleting the existing text thereof and substituting therefor “March 17, 2017, and”. 
 2. Section 2B(8)(i) is
amended to add the following sentence at the end thereof: 
 “Notwithstanding the foregoing provisions of this Section 2B(8)(i), no Draw Fee will
be required to be paid with respect to the purchase and sale of any Shelf Notes so long as the applicable Closing Day for such purchase and sale occurs on March 17, 2014 or during the period thereafter prior to September 17, 2014.”

 3. Clause (g) of Section 4B(4) of the Note Purchase Agreement is amended by deleting (i) the reference to “Bingham
McCutchen LLP,” and (ii) the comma appearing immediately after the reference to “Purchasers.” 
 4. Section 5.16 of
the Note Purchase Agreement is amended and restated in its entirety as follows: 
 5.16 Foreign Assets Control Regulations, etc. 

(a) Neither the Company nor any Affiliated Entity is (i) a Person whose name appears on the list of Specially Designated
Nationals and Blocked Persons published by the Office of Foreign Assets Control, United States Department of the Treasury (“OFAC”) (an “OFAC Listed Person”), (ii) an agent, department, or instrumentality of, or
is otherwise beneficially owned by, 

 MCGRATH RENTCORP 

March 17, 2014 
  Page
 2
 
  

 
controlled by or acting on behalf of, directly or indirectly, (x) any OFAC Listed Person or (y) any Person, entity, organization, foreign country or regime that is subject to any OFAC
Sanctions Program, or (iii) otherwise blocked, subject to sanctions under or knowingly engaged in any activity in violation of other United States economic sanctions, including but not limited to, the Trading with the Enemy Act, the
International Emergency Economic Powers Act, the Comprehensive Iran Sanctions, Accountability and Divestment Act (“CISADA”) or any similar law or regulation with respect to Iran or any other country, the Sudan Accountability and
Divestment Act, any OFAC Sanctions Program, or any economic sanctions regulations administered and enforced by the United States or any enabling legislation or executive order relating to any of the foregoing (collectively, “U.S. Economic
Sanctions”) (each OFAC Listed Person and each other Person, entity, organization and government of a country described in clause (i), clause (ii) or clause (iii), a “Blocked Person”). Neither the Company nor any
Affiliated Entity has been notified that its name appears or may in the future appear on a state list of Persons that engage in investment or other commercial activities in Iran or any other country that is subject to U.S. Economic Sanctions. 

(b) No part of the proceeds from the sale of the Notes hereunder constitutes or will constitute funds obtained on behalf of any
Blocked Person or will otherwise be used by the Company or any Affiliated Entity, directly or indirectly, (i) in connection with any investment in, or any transactions or dealings with, any Blocked Person, or (ii) otherwise in violation of
U.S. Economic Sanctions. 
 (c) Neither the Company nor any Affiliated Entity (i) has been found in violation of,
charged with, or convicted of, money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under the Currency and Foreign Transactions Reporting Act of 1970 (otherwise known as the Bank Secrecy Act),
the USA PATRIOT Act or any other United States law or regulation governing such activities (collectively, “Anti-Money Laundering Laws”) or any U.S. Economic Sanctions violations, (ii) to the Company’s actual knowledge
after making due inquiry, is under investigation by any Governmental Authority for possible violation of Anti-Money Laundering Laws or any U.S. Economic Sanctions violations, (iii) has been assessed civil penalties under any Anti-Money
Laundering Laws or any U.S. Economic Sanctions, or (iv) has had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. The Company has established procedures and controls which it reasonably believes are
adequate (and otherwise comply with applicable law) to ensure that the Company and each Affiliated Entity is and will continue to be in compliance with all applicable current and future Anti-Money Laundering Laws and U.S. Economic Sanctions. 

(d) (1) Neither the Company nor any Affiliated Entity (i) has been charged with, or convicted of bribery or any other
anti-corruption related activity under any applicable law or regulation in a U.S. or any non-U.S. country or jurisdiction, including but not limited to, the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act 2010 (collectively,
“Anti-Corruption Laws”), (ii) to the Company’s actual knowledge after making due inquiry, is under investigation 

 MCGRATH RENTCORP 

March 17, 2014 
  Page
 3
 
  

 
by any U.S. or non-U.S. Governmental Authority for possible violation of Anti-Corruption Laws, (iii) has been assessed civil or criminal penalties under any Anti-Corruption Laws or
(iv) has been or is subject to sanctions imposed by the United Nations or the European Union; 
 (2) To the
Company’s actual knowledge after making due inquiry, neither the Company nor any Affiliated Entity has, within the last five years, directly or indirectly offered, promised, given, paid or authorized the offer, promise, giving or payment of
anything of value to a Governmental Official or a commercial counterparty for the purposes of: (i) influencing any act, decision or failure to act by such Government Official in his or her official capacity or by such commercial counterparty,
(ii) inducing a Governmental Official to do or omit to do any act in violation of the Governmental Official’s lawful duty, or (iii) inducing a Governmental Official or a commercial counterparty to use his or her influence with a
government or instrumentality to affect any act or decision of such government or entity; in each case in order to obtain, retain or direct business or to otherwise secure an improper advantage in violation of any applicable law or regulation or
which would cause any holder to be in violation of any law or regulation applicable to such holder; and 
 (3) No part of the
proceeds from the sale of the Notes hereunder will be used, directly or indirectly, for any improper payments, including bribes, to any Governmental Official or commercial counterparty in order to obtain, retain or direct business or obtain any
improper advantage. The Company has established procedures and controls which it reasonably believes are adequate (and otherwise comply with applicable law) to ensure that the Company and each Affiliated Entity is and will continue to be in
compliance with all applicable current and future Anti-Corruption Laws. 
 5. Section 10.8 of the Note Purchase Agreement is amended
and restated in its entirety as follows: 
 10.8 Terrorism Sanctions Regulations. 

The Company will not and will not permit any Affiliated Entity (a) to become (including by virtue of being owned or
controlled by a Blocked Person), own or control a Blocked Person or any Person that is the target of sanctions imposed by the United Nations or by the European Union, or (b) directly or indirectly to have any investment in or engage in any
dealing or transaction (including, without limitation, any investment, dealing or transaction involving the proceeds of the Notes) with any Person if such investment, dealing or transaction (i) would cause any holder to be in violation of any
law or regulation applicable to such holder, or (ii) is prohibited by or subject to sanctions under any U.S. Economic Sanctions, or (c) to engage, nor shall any Affiliate of the Company engage, in any activity that could subject such
Person or any holder to sanctions under CISADA or any similar law or regulation with respect to Iran or any other country that is subject to U.S. Economic Sanctions. 

 MCGRATH RENTCORP 

March 17, 2014 
  Page
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 6. The defined term “Affiliated Entity” appearing in Schedule B to the Note
Purchase Agreement is amended and restated in its entirety as follows: 
 “Affiliated Entity” means any of
the Subsidiaries of the Company and any of their or the Company’s respective Controlled Affiliates. As used in this definition, “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 
 7.
The defined term “Priority Debt” appearing in Schedule B to the Note Purchase Agreement is amended by deleting the reference in clause (ii) thereof to “Section 10.5(l)” and substituting therefor a reference to
“Section 10.5(k).” 
 This letter agreement shall be limited precisely as written and shall not be deemed to be (a) an
amendment, consent or waiver of any other terms or conditions of the Note Purchase Agreement or any other document related to the Note Purchase Agreement or (b) an agreement to any future amendment, consent or waiver. Except as expressly set
forth in this letter agreement, the Note Purchase Agreement and the documents related to the Note Purchase Agreement shall continue in full force and effect. The Company hereby acknowledges and reaffirms all of its obligations and duties under the
Note Purchase Agreement and the Notes. 
 This document may be executed in multiple counterparts, which together shall constitute a single
document. 
 THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE
INTERNAL LAWS OF THE STATE OF NEW YORK, EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD PERMIT THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE. 

If you are in agreement with the foregoing, please sign and have each of the Subsidiary Guarantors sign the enclosed counterpart of this
letter agreement in the space indicated and return it to the Purchasers at the above address whereupon, it shall become a binding agreement between the Company and the Purchasers. 

 

			
	Sincerely,
	
	PRUDENTIAL INVESTMENT MANAGEMENT, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	Vice President
	
	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
		
	By:	 	  

	Name:	 	
	Title:	 	Vice President

 MCGRATH RENTCORP 

March 17, 2014 
  Page
 5
 
  

 
			
	PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY
		
	By:	 	Prudential Investment Management, Inc., investment manager
		
	By:	 	  

	Name:	 	
	Title:	 	Vice President

 Accepted and agreed to as of the date first appearing above: 

 

			
	MCGRATH RENTCORP
		
	By:	 	  

		 	Name:
		 	Title:

 Each of the undersigned acknowledges, consents to, and agrees with the modifications effected by this letter agreement and
further reaffirms all of their obligations under the Multiparty Guaranty and the other Transaction Documents to which it is a party: 
  

			
	ENVIROPLEX, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	MOBILE MODULAR MANAGEMENT CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	ADLER TANK RENTALS, LLC
		
	By:	 	  

		 	Name:
		 	Title:

 MCGRATH RENTCORP 

March 17, 2014 
  Page
 6
 
  

 ANNEX A 

PURCHASERS 
 The Prudential
Insurance Company of America 
 Prudential Retirement Insurance and Annuity CompanyEX-4.1

 Exhibit 4.1 
 QUEBECOR MEDIA INC. 
 as Borrower 

– and – 
 THE FINANCIAL INSTITUTIONS IDENTIFIED 
 ON THE SIGNATURE PAGES HERETO

 as Lenders 
 – and – 
 CITIGROUP GLOBAL MARKETS INC. 

– and – 
 RBC CAPITAL MARKETS 
 – and – 

THE BANK OF NOVA SCOTIA 
 as Joint Lead Arrangers and Joint Bookmanagers 
 – and –

 BANK OF AMERICA, N.A. 
 as Administrative Agent 
  

 
 Facility B-1 Tranche—US$350,000,000 
 FIRST AMENDMENT TO THE AMENDED AND RESTATED CREDIT
AGREEMENT 
 DATED JUNE 14, 2013 
 August 1, 2013 
  

 
  

 

 FIRST AMENDMENT TO THE AMENDED AND RESTATED CREDIT AGREEMENT DATED JUNE 14, 2013 entered into in
Montréal, Province of Quebec, as of August 1, 2013. 
 First Amendment to that certain amended and restated credit agreement dated
as of June 14, 2013 between Quebecor Media Inc., as Borrower, Bank of America, N.A., as Administrative Agent, and the several financial institutions from time to time party thereto, as Lenders (as amended, restated, amended and restated,
supplemented, replaced or otherwise modified at any time and from time to time, the “Amended and Restated Credit Agreement”). 

WHEREAS the parties hereto wish to establish a new Credit Facility (as defined in the Amended and Restated Credit Agreement) to be designated as
“Facility B-1 Tranche” pursuant to Section 2.12(5) of the Amended and Restated Credit Agreement; 
 AND WHEREAS the
parties hereto wish to amend the Amended and Restated Credit Agreement in accordance with the terms and conditions below, without novation; 

NOW THEREFORE, for good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as
follows: 
  

	1.	Interpretation. 

  

	 	1.1	The preamble forms an integral part hereof as if recited herein at length. 

 

	 	1.2	Capitalized terms used and not otherwise defined herein have the meanings ascribed thereto in the Amended and Restated Credit Agreement. 

 

	 	1.3	This First Amendment to the Amended and Restated Credit Agreement is declared to amend and be supplemental to the Amended and Restated Credit Agreement, to form part
thereof and to have the same effect as if it were incorporated therein on the date hereof. Except to the extent that it is amended and supplemented by this First Amendment to the Amended and Restated Credit Agreement, the Amended and Restated Credit
Agreement forms part hereof and is included by reference herein with the same effect as if it were recited herein at length. All the other provisions of the Amended and Restated Credit Agreement which are unmodified hereby remain unchanged.

  

	 	1.4	The expressions “hereto”, “hereof”, “herein”, “hereunder”, “this Amendment”, “this First Amendment” or
“this Agreement” (unless embedded in the text of the Amended and Restated Credit Agreement) refer to this First Amendment to the Amended and Restated Credit Agreement. On and after this date, each reference in the Amended and Restated
Credit Agreement to “this Agreement” or “this Amended and Restated Credit Agreement” and each reference to the “Amended and Restated Credit Agreement” in any of the other Credit Documents and any other agreements,
documents, certificates and instruments delivered by any Lender, the Borrower, or any other Person in connection herewith or therewith shall mean and be a reference to the Amended and Restated Credit Agreement as amended by this Amendment. Except as
specifically amended by this Amendment, the Amended and Restated Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed. 

  

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	 	1.5	This Amendment shall constitute a Credit Document. 

  

	2.	Creation of Facility B-1 Tranche 

  

	 	2.1	As permitted by Section 2.12(5) of the Credit Agreement, the Borrower has elected to create a new Credit Facility to be designated “Facility B-1 Tranche”
in an amount of US$350,000,000 and has invited the lenders party hereto to participate in such new Credit Facility. Each reference in the Credit Agreement to (x) the “Facility B-1 Tranche”, the “Facility B-1 Lender(s)” and
the “Facility B-1 Commitment”, (y) any accessory text relating strictly to the Facility B-1 Tranche, the Facility B-1 Lender(s) and the Facility B-1 Commitment, and (z) any Articles, Sections and Schedules relating strictly to
the Facility B-1 Tranche, the Facility B-1 Lender(s) and Facility B-1 Commitment, shall be deemed to be a reference to the new Credit Facility created hereunder, the Lender(s) party hereto and their respective
commitment under this new Credit Facility, respectively. For greater certainty, unless otherwise specifically provided herein, all provisions of the Credit Agreement relating to the Facility B-1 Tranche, the Facility B-1 Lender(s) and the Facility
B-1 Commitment, and all terms and conditions thereof, shall apply, mutatis mutandis, to this new Credit Facility, the Lenders party hereto their respective commitment, respectively. 

 

	3.	Amendments to the Amended and Restated Credit Agreement. 

  

	 	3.1	Section 1.01 of the Amended and Restated Credit Agreement is hereby amended as follows: 

 

	 	3.1.1	by deleting the defined term “Compliance Certificate” and replacing it with the following: 

““Compliance Certificate” means a certificate of the Borrower signed on its behalf by its chief financial officer,
controller, treasurer, or any other officer acceptable to the Administrative Agent, (i) stating that any financial statements delivered by it pursuant to Section 8.01(a) present fairly the financial position, results of operations and
changes in financial position of the Borrower in accordance with GAAP; (ii) stating that the representations and warranties in Article 7 are true and correct in all material respects on and as of such date, except where expressly stated to be
made at a particular date; (iii) stating that the Borrower is not in breach of any of the covenants contained in Article 8 applying in favour of the then existing Lenders as at the date thereof (or describing the details of any subsisting
breach); (iv) stating that no Default has occurred and is continuing and that no Event of Default has occurred (or describing the details of any subsisting Default and the action which the Borrower proposes to take or has taken with respect
thereto or any Event of Default); and (v) with respect to the Revolving Facility only, providing, in reasonable detail, evidence of compliance, at the end of each Financial Quarter, with Section 8.03 and evidencing the calculation of the
financial covenants in Section 8.03 applicable at such time.” 

  

- 3 - 
  

	 	3.1.2	by deleting the defined term “Consolidated Senior Leverage Ratio” and replacing it with the following: 

““Consolidated Senior Leverage Ratio” means, at any time, the ratio of the Consolidated Senior Debt of the Borrower
to Consolidated EBITDA calculated in the manner prescribed in Section 8.02(g) or Section 8.02(A)(c), as the case may be, at such time.” 
  

	 	3.1.3	by deleting the defined term “Facility B” and replacing it with the following: 

““Facility B” means the term credit facility in an amount of US$350,000,000 made available to the Borrower in
accordance with Article 2, and is comprised of the Facility B-1 Tranche and, if applicable, the Facility B-2 Tranche.” 
  

	 	3.1.4	by deleting the defined term “Facility B-1 Commitment” and replacing it with the following: 

““Facility B-1 Commitment” means US$350,000,000 as such amount may be decreased pursuant to Article 2.”

  

	 	3.1.5	by deleting the defined term “Facility B-1 Tranche” and replacing it with the following: 

““Facility B-1 Tranche” means a portion of Facility B in an amount of up to US$350,000,000 made available to the
Borrower by Facility B-1 Lenders, if any.” 
  

	 	3.1.6	by deleting the text “.” at the end of the defined term “Libor” and replacing it with the text “;” and by subsequently adding the
following text at the end of the defined term “Libor”: 

 “provided that at no time shall LIBOR for
any Designated Period relating to a Libor Advance under the Facility B-1 Tranche be less than the Facility B-1 Libor Floor.” 

 

	 	3.1.7	by deleting the defined term “Maximum Increase Amount” and replacing it with the following: 

““Maximum Increase Amount” means (i) in respect of the Revolving Lenders, C$800,000,000 minus the equivalent
amount in Canadian Dollars of the Facility B-1 Commitment using the rate of exchange quoted by the Bank of Canada as the noon mid-market spot rate for such conversion on 

  

- 4 - 
  

 
the Facility B-1 Closing Date, and (ii) in respect of the Facility B Lenders, at the time of determination, an amount representing the difference between (a) C$1,750,000,000 and
(b) the sum of (i) outstanding commitments under the Revolving Facility and under any other revolving Credit Facility created pursuant to Section 2.12(5) (including any increases thereto as provided for in Section 2.12), and
(ii) of the aggregate amount of the Accommodations Outstanding under Facility B, and under any other Term Facility created pursuant to Section 2.12(5) (including any increases thereto as provided for in Section 2.12).”

  

	 	3.1.8	by adding the following text to the defined term “Permitted Debt” after the text “January 15, 2017”: 

“or such later date as agreed to solely by the Revolving Lenders,” 

 

	 	3.1.9	by deleting the text “.” at the end of the defined term “Permitted Debt” and replacing it with the following text: 

“(it being understood that such condition applies only to the benefit of the Revolving Lenders, all Lenders other than Revolving
Lenders renouncing to the benefit of same, and any amendment or waiver of such condition allowing any such Debt to have terms and conditions more restrictive as per the above shall be agreed to solely by the Revolving Lenders).” 

 

	 	3.1.10	by deleting the defined term “Permitted Distribution” and replacing it with the following: 

““Permitted Distributions” means the Equity Distributions permitted pursuant to Section 8.02(g) or
Section 8.02A (c), as the case may be, and the Permitted Debt Distributions.” 
  

	 	3.1.11	by deleting the defined term “Term” and replacing it with the following: 

““Term” means the period commencing on the Closing Date and terminating with respect to (i) the Revolving
Facility, on January 15, 2017 and (ii) Facility B-1 Tranche, on August 17, 2020.” 
  

	 	3.2	Section 1.01 of the Amended and Restated Credit Agreement is hereby further amended by inserting the following new definitions in the appropriate alphabetical
order: 

 a) “Debtor relief Laws” means the Bankruptcy Code of the United States, the
Bankruptcy and Insolvency Act (Canada) or the Companies’ Creditors Arrangements Act (Canada) or any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership,
insolvency, reorganization, or similar Laws from time to time in effect. 

  

- 5 - 
  

 b) “Defaulting Facility B Lender” means any Facility B Lender that
(a) has failed to (i) fund all or any portion of its Accommodations within two Business Days of the date such Accommodations were required to be funded hereunder unless such Facility B Lender notifies the Administrative Agent and the
Borrower in writing that such failure is the result of such Facility B Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically
identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, (b) has notified the
Borrower, the Administrative Agent or the Lenders in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Facility B
Lender’s obligation to fund an Accommodation hereunder and states that such position is based on such Facility B Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default,
shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the
Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Facility B Lender shall cease to be a Defaulting Facility B Lender pursuant to this clause (c) upon receipt of
such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it
a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including any, provincial, state or federal regulatory
authority acting in such a capacity; provided that a Facility B Lender shall not be a Defaulting Facility B Lender solely by virtue of the ownership or acquisition of any equity security in that Facility B Lender or any direct or indirect parent
company thereof by a Governmental Entity so long as such ownership interest does not result in or provide such Facility B Lender with immunity from the jurisdiction of courts within Canada or from the enforcement of judgments or writs of attachment
on its assets or permit such Facility B Lender (or such Governmental Entity) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Facility B Lender. Any determination by the Administrative Agent that a Facility B
Lender is a Defaulting Facility B Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Facility B Lender shall be deemed to
be a Defaulting Facility B Lender as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower and each other Lender promptly
following such determination. 

  

- 6 - 
  

 c) “Facility B-1 Closing Date”
means August 1, 2013. 
 d) “Facility B-1 Effective Date” has the
meaning given to such term in Section 4 of the First Amendment to this Agreement entered into as of the Facility B-1 Closing Date. 
 e) “Facility B-1 Libor Floor” means 0.75%. 
 f) “Facility B Offside Periods” has the meaning specified 8.02(A)(c). 
 g) “Non-Consenting Lender” means any Facility B Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in
accordance with the terms of Section 12.01 and (b) that has been approved by the Majority Lenders. 
 h)
“Non-Facility B Default” has the meaning specified in Section 9.01. 
 i) “OID” means
original issue discount. 
 j) “Repricing Transaction” means (a) the prepayment, refinancing, substitution
or replacement of all or a portion of the Facility B-1 Commitment with the proceeds of the incurrence by the Borrower of any US Dollar denominated non-revolving institutional or bank term loans or other similar borrowings or similar debt instruments
(it being understood that bonds or notes issued in the capital markets shall not be interpreted as similar debt instruments for purposes of the above) having an effective interest cost (determined in the reasonable judgment of the Administrative
Agent consistent with generally accepted financial practices, after giving effect to, among other factors, margin, interest rate floors (to the extent exceeding the then prevailing interest rate otherwise applicable), upfront or similar fees or OID
shared with all providers of such financing, but excluding the effect of any arrangement, structuring, syndication or fees of a similar nature payable in connection therewith) that is less than the effective interest cost (as determined by the
Administrative Agent on a consistent basis) of such Facility B-1 Commitment or (b) any amendment or modification to this Agreement resulting in the Facility B-1 Commitment having a lower effective interest cost (as determined by the
Administrative Agent on a consistent basis) than the effective interest cost (as determined by the Administrative Agent on a consistent basis) in effect immediately prior to such amendment or modification (other than as a result of no longer
applying the Default Rate); 

  

- 7 - 
  

 k) “Required Facility B Threshold” has the meaning specified in
Section 8.02(A)(c).” 
  

	 	3.3	Subsection 2.04(2) of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: 

“Subject to Section 9.01, the Borrower shall repay the Accommodations Outstanding under the Facility B-1 Tranche in quarterly instalments equal to 0.25% of the full amount of the Facility B-1 Tranche, being US$350,000,000, with the first instalment being payable on
November 15, 2013 and each subsequent instalment being payable on the fifteenth day of every three-months thereafter, and shall repay the balance of the Accommodations Outstanding under Facility B-1 Tranche on the last day of the Term of Facility B-1 Tranche.” 
  

	 	3.4	Subsection 2.05(4) of the Amended and Restated Credit Agreement is hereby amended by deleting the text “in inverse order of maturity” in the thirteenth
and fourteenth line of said subsection. 

  

	 	3.5	Subsection 2.06(1) of the Amended and Restated Credit Agreement is hereby amended by deleting the last sentence of said subsection. 

 

	 	3.6	Subsection 2.09(1) of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: 

“(1) Subject to paragraph (2) hereof, each prepayment pursuant to (a) Section 2.05 in respect of Facility B shall be
applied, at the election of the Borrower, either (i) to the remaining instalments pursuant to Section 2.04 in the inverse order of their maturity or (ii) to the remaining amortization payments of Facility B in forward order for the
next eight unpaid quarterly amounts after such prepayment and thereafter on a pro rata basis, subject, in all cases, to the payment of the applicable breakage costs (as contemplated by Section 12.06(4)) if any Libor Advance is prepaid, and
(b) Section 2.06 in respect of Facility B shall be applied to remaining amortization payments, in the manner directed by the Borrower.” 
  

	 	3.7	The title of Section 2.12 of the Amended and Restated Credit Agreement is hereby amended by: 

 

	 	3.7.1	deleting the text “Revolving”; and 

  

	 	3.7.2	replacing the text “Facility” with the text “Facilities”. 

  

- 8 - 
  

	 	3.8	Subsection 2.12(1) of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: 

“Provided there exists no Default, upon notice to the Administrative Agent, which shall promptly notify the applicable existing
Lenders, the Borrower may from time to time, request an increase in the Revolving Facility or Facility B by an amount (for all such requests) not exceeding the Maximum Increase Amount; provided that (i) any such request for an increase shall be
in a minimum amount of C$5,000,000, and (ii) the Borrower may make a maximum of seven such requests. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which
each applicable Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the applicable Lenders).” 

 

	 	3.9	Subsection 2.12(2) is hereby amended by: 

  

	 	3.9.1	deleting the text “Revolving Facility” in the second and third line of said Section and replacing it with the following text “relevant Credit Facility,
as the case may be”; and 

  

	 	3.9.2	deleting the text “Revolving Facility” in the fourth line of said Section and replacing it with the following text “the applicable Credit Facility”.

  

	 	3.10	Subsection 2.12(3) is hereby amended by deleting the text “the increased Revolving Facility” in the fifth and sixth line of said subsection and replacing it
with the following text “the relevant increased Credit Facility, as the case may be”. 

  

	 	3.11	Subsection 2.12(4) is hereby amended by adding the text “or Facility B” after the text “If the Revolving Facility” in the first line of said
subsection and by deleting the text “the increased Revolving Facility” in the fifth and sixth line of said subsection and replacing it with the following text “the relevant Credit Facility, as the case may be”.

  

	 	3.12	Subsection 2.12(5) of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: 

“(5) Notwithstanding the foregoing, the Borrower may elect to create new Credit Facilities in lieu of increasing the Revolving
Facility or Facility B and may invite lenders selected by it (with the prior consent of the Administrative Agent, which consent shall not be unreasonably withheld) to participate in such new Credit Facilities, provided that (i) at such time, no
Default exists, (ii) the aggregate amount of all increases of the Revolving Facility and Facility B and the creation of new Credit Facilities does not exceed the Maximum Increase Amount, (iii) the new Credit Facility shall have a weighted
average life maturing on or after January 15, 2017 or such later date as agreed to solely by the Revolving Lenders; (iv) the terms and conditions applicable to such new Credit Facility (other than the pricing of such new Credit Facility)
are not more restrictive to the Borrower and its Subsidiaries than those applicable to the Revolving Facility hereunder (it being understood that such condition (iv) applies only to the benefit of the Revolving Lenders, all Lenders other than
Revolving Lenders renouncing to the benefit of same, and any amendment or waiver of such condition (iv) allowing any such Credit Facility to have terms and conditions 

  

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more restrictive as per the above shall be agreed to solely by the Revolving Lenders) and (v) the Borrower, the applicable lenders and the Administrative Agent shall enter into an amendment
to this Agreement to reflect all changes necessary further to the creation of such new Credit Facility it being understood and agreed that all other Lenders shall be bound by such amendment. If a new Credit Facility is created in accordance with
this section, the Borrower shall promptly notify the Administrative Agent and the Lenders of the identity of any new Lenders, of the final allocation of the new Credit Facility among the applicable Lenders, of the effective date (the
“Creation Effective Date”) of the new Credit Facility, and the particular terms and conditions applicable to such new Credit Facility. Notwithstanding the foregoing, with respect to any new US dollar denominated Term Facility
created pursuant to this Section 2.12(5) within eighteen (18) months of the Facility B-1 Closing Date, if the Applicable Margin in respect of any such new Term Facility exceeds the Applicable Margin for the Facility B-1 Tranche by more
than 0.50%, then the Applicable Margin for the Facility B-1 Tranche shall be increased so that the Applicable Margin in respect of the Facility B-1 Tranche is equal to the Applicable Margin for such new Term Facility minus 0.50%; provided, further,
in determining the Applicable Margin applicable to such new Term Facility and the Applicable Margin for the Facility B-1 Tranche, (1) OID or upfront fees (which shall be deemed to constitute like amounts of OID) payable by the Borrower to the
Lenders under such new Term Facility or under the Facility B-1 Tranche in the initial primary syndication thereof shall be included (with OID being equated to interest based on assumed four-year life to maturity), (2) the effects of any and all
interest rate floors shall be included and (3) customary arrangement or commitment fees payable to the arrangers (or their respective affiliates) in connection with such new Term Facility or to one or more arrangers (or their affiliates) in
connection with the Facility B-1 Tranche shall be excluded.” 
  

	 	3.13	A new Section 2.14 is hereby added to the Amended and Restated Credit Agreement: 

“Section 2.14. Call Protection. In the event that, on or prior to six months after the Facility B-1 Closing Date, a Repricing Transaction occurs, the Borrower shall pay to the Administrative Agent (i) in the case of a Repricing Transaction described in clause (a) of the definition thereof, for the
ratable account of each of the applicable Facility B-1 Lenders a prepayment premium of 1.00% of the aggregate principal amount of the Facility B-1 Commitment so prepaid, refinanced, substituted or replaced and (ii) in the case of a Repricing
Transaction described in clause (b) of the definition thereof, for the ratable account of each Facility B-1 Lender a fee equal to 1.00% of the aggregate principal amount of the applicable Facility B-1 Commitments of such Facility B-1 Lender
outstanding immediately prior to such amendment. Such amounts shall be due and payable on the date of effectiveness of such Repricing Transaction.” 

  

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	 	3.14	Subsection 3.01(2) of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: 

“(2) Each Facility B Lender (as applicable, each Facility B-1 Lender and Facility B-2 Lender) individually, and
not jointly and severally (or solidarily) agrees, on the terms and conditions of this Agreement, to make Prime Rate Advances, Accommodations by way of BA Instruments, Libor Advances and US Prime Rate Advances to the Borrower on any Business Day.
Each Advance shall be made ratably by the applicable Lenders. All Advances under Facility B shall be in US Dollars or in Canadian Dollars, as applicable. The initial Advance under Facility B-1 Tranche shall be for the full amount available
thereunder and shall be made no later than before close of business on the 30th day following the Facility B-1 Closing Date. The Facility B-1 Tranche shall automatically be terminated immediately after close of business on the 30th day following the Facility B-1 Closing Date if the
Facility B-1 Effective Date has not occurred and if the Facility B-1 Tranche remains undrawn at such time. Any portion of the Advances available to the Borrower under Facility B that is not borrowed as part of such initial Advance or that is repaid
shall not again be available for borrowing, although Libor Advances may be rolled over into new Libor Advances or converted into US Prime Rate Advances, and US Prime Rate Advances may be converted into Libor Advances, and any conversions shall be
deemed to constitute a repayment without novation of such converted or rolled over Advance followed by a subsequent drawdown of a new Advance, all without any actual movement of funds between the Borrower and the relevant Facility B Lender.”

  

	 	3.15	Section 8.01(c)(iii) of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following text: 

“(iii) so long as any Revolving Commitment is outstanding under this Agreement, with prompt notice in writing of any default, or
event, condition or occurrence which with notice or lapse of time, or both, would constitute a default under any agreement in respect of Debt to which the Borrower or any of its Subsidiaries owes (contingently or otherwise) at least C$25,000,000 (or
the equivalent amount in any other currency), and at any time when no Revolving Commitment is outstanding under this Agreement, the above shall be replaced with the obligation to deliver prompt notice in writing of any declaration made by a creditor
under any agreement in respect of Debt to which the Borrower owes (contingently or otherwise) at least C$25,000,000 (or the equivalent amount in any other currency) that same shall be due and payable prior to the stated maturity thereof;”

  

	 	3.16	The following text is hereby added at the end of Section 8.01 of the Amended and Restated Credit Agreement: 

“Notwithstanding the foregoing, clause (c) (i) of this Section 8.01 shall not apply to or in respect of Facility B
(and the Facility B Lenders shall not be entitled to the covenants of the Borrower set forth thereunder).” 

  

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	 	3.17	The following text is hereby added at the end of Section 8.02 of the Amended and Restated Credit Agreement: 

“Notwithstanding the foregoing, clauses (a), (b), (g), (h) and (k) of this Section 8.02 shall not apply to or in
respect of Facility B (and the Facility B Lenders shall not be entitled to the covenants of the Borrower set forth thereunder).” 
  

	 	3.18	The following new Section 8.02A is hereby added to the Amended and Restated Credit Agreement: 

“Section 8.02A. Negative Covenants for Facility B Lenders. So long as any amount owing hereunder remains unpaid or any
Facility B Lender has any obligation under this Agreement, and unless consent is given in accordance with Section 12.01 hereof, the Borrower hereby undertakes solely in favour of the Facility B Lenders not to: 

(a) Debt. Incur Debt unless after giving pro forma effect to such incurrence or issuance and the application of the net
proceeds therefrom the Leverage Ratio would be no greater than 6.0 to 1.0. 
 Notwithstanding the foregoing, the Borrower may
incur: (i) Debt under one or more debt facilities, commercial paper facilities or other debt arrangements (including, without limitations, under this Agreement, the Overdraft Facility, the Press Investment Debt) in each case with banks, other
institutional lenders or investors providing for revolving credit loans, term loans, notes, receivables financing or letters of credit in an aggregate principal amount at any one time outstanding under this clause (i), not to exceed an
aggregate of C$1,750,000,000 less Mandatory Prepayments made pursuant to Section 2.05(2); (ii) Debt existing on the Facility B-1 Closing Date and listed in Schedule 8.02A hereto; (iii) Debt
of the Borrower permitted by clauses (iii), (iv), (v) and (viii) of the definition of “Permitted Debt” and Debt of the Borrower secured by Liens permitted under clauses (ii) and (v) of Section 8.02A(b); and
(iv) any indebtedness incurred to refinance or replace any of the foregoing; 
 provided that no Default shall have occurred
and be continuing, and no Event of Default shall have occurred and not have been waived at the time of the incurrence of such Debt. 
 (b) Encumbrances. Create, incur, assume or suffer to exist any Lien on any of its Assets, other than Permitted Liens (excluding the Liens under clauses (n), (p), (s), (t), (u), (v), (x),
(y) and (z) of the definition of “Permitted Liens”, which shall not constitute “Permitted Liens” under Facility B) and the following: 
 (i) Liens on the assets of the Borrower (including a pledge of the Videotron Shares) securing, equally and rateably, all indebtedness under the Debt referred to in clause (i) of
Section 8.02(A)(a); 

  

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 (ii) Purchase Money Mortgages in an aggregate amount outstanding at any time not exceeding
C$100,000,000; 
 (iii) Liens on property existing at the time of acquisition thereof by the Borrower, provided that such Liens
were in existence prior to the completion of such acquisition and do not extend to any assets other than such property; 
 (iv)
Any renewal, extension, substitution, replacement or refinancing of the foregoing, provided that such renewal, extension, substitution, replacement or refinancing Lien shall not cover any property other than the property that was subject to such
Lien prior to such renewal, extension, substitution, replacement or refinancing; and provided, further that the Debt and other obligations secured by such renewal, extension, substitution, replacement or refinancing Lien are permitted by this
Agreement; 
 (v) any other Liens securing any obligation (including, but not limited to, Debt) which does not, at any time,
exceed C$100,000,000. 
 (c) Distributions: Declare, make or pay any Equity Distribution or Debt Distribution which is not
a Permitted Debt Distribution unless the Consolidated Senior Leverage Ratio of the Borrower, calculated on a pro forma basis as at the end of the last previously completed Financial Quarter in respect of which financial statements are available
after giving effect to such Distribution, is below 4.75 : 1.00 (the “Required Facility B Threshold”) on a trailing four quarter basis provided however that at the time of payment of such Distribution no Default exists or
could result therefrom. Notwithstanding the foregoing, the Borrower shall be entitled to declare, make or pay any such Distribution during any period when such Consolidated Senior Leverage Ratio is not below the Required Facility B Threshold (the
“Facility B Offside Periods”) on the condition that the aggregate amount of such Distributions paid during such Facility B Offside Periods does not exceed C$500,000,000, provided however that at the time of payment of such
Distribution no Default exists or could result therefrom. 
 (d) Investments and Acquisitions: Make Investments and
Acquisitions unless, at the time of and after giving effect to such Investment or Acquisition, the Borrower would have been permitted to incur at least US$1.00 of additional debt (other than pursuant to the exceptions outlined under clauses (i)
to (iv) of Section 8.02A(a) above) under the Borrower’s Leverage Ratio test set forth under Section 8.02A(a) hereto. 
 Notwithstanding the foregoing and provided no Default has occurred and is continuing or would result therefrom the Borrower may (i) enter into hedging agreements and other foreign currency hedges,
interest rate swaps, commodity hedges or similar obligations or agreements, in each case incurred in the ordinary course of the Business and not for speculation purposes; (ii) make acquisition of Back-to-Back Securities or the acquisition of
property as part of Tax benefit Transactions; (iii) make Investments in joint ventures engaged in the Business up to an aggregate amount, after the Facility B-1 Effective Date, not to exceed
US$150,000,000; and (iv) make other Investments or Acquisitions up to an aggregate amount, after the Facility B-1 Effective Date, not to exceed US$200,000,000.” 

  

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	 	3.19	The following text is hereby added at the end of Section 8.03 of the Amended and Restated Credit Agreement: 

“Notwithstanding the foregoing, this Section 8.03 shall not apply to the Borrower with respect to Facility B. For greater
clarity, the Borrower shall have no obligation, under Facility B, to maintain the Leverage Ratio, Interest Coverage Ratio and Unconsolidated Coverage Ratio as set forth in this Section 8.03. “ 

 

	 	3.20	The following paragraphs are hereby added to Section 9.01 of the Amended and Restated Credit Agreement right before the second to last paragraph of said section:

 “Notwithstanding the foregoing, clauses (a), (b), (d), (e), (f) and (g) of this
Section 9.01 shall not apply to or in respect of Facility B (and the Facility B Lenders shall not be entitled to rely on such clauses). Notwithstanding any provision of this Agreement to the contrary, the Facility B Lenders recognize and agree
that the occurrence of any Default or Event of Default under any of clauses (a), (b), (d), (e), (f) and (g) of this Section 9.01 (a “Non-Facility B Default”) shall not constitute a Default or Event or Default for the
Facility B Lenders and any such Non-Facility B Default may be waived by the Lenders in accordance with the terms of this Agreement without requiring any consent from the Facility B Lenders. 

Events of Default under Facility B. The occurrence of any of the following events (each an “Event of Default”)
shall constitute an Event of Default under Facility B unless remedied within the prescribed delays or waived by the requisite majority of Facility B Lenders: 
 (i) the Borrower shall fail to pay any amount of the Accommodation Outstanding under Facility B when such amount becomes due and payable; 

(ii) the Borrower shall fail to pay any interest or Fees to the Facility B Lenders when the same become due and payable hereunder and such
failure shall remain unremedied for 30 days; 
 (iii) the Borrower shall fail to perform, observe or comply with any of the
covenants contained in this Agreement applying in favour of the Facility B Lenders and such failure shall remain unremedied for 60 days following notice thereof by the Administrative Agent to the Borrower; 

(iv) the Borrower shall fail to perform or observe any other term, covenant or agreement contained in any Credit Document (other than this
Agreement) to which it is a party and such failure shall remain unremedied for 60 days following notice thereof by the Administrative Agent to the Borrower; 

  

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 (v) the Borrower fails or defaults in the observance or performance of any agreement or
condition relating to the Revolving Facility and, as a consequence of such failure or default, the Revolving Lenders declare the Accommodations Outstanding under the Revolving Facility to become due prior to its stated maturity; or 

(vi) the Borrower shall fail to pay the principal of or premium or interest on any Debt of the Borrower (excluding any Debt hereunder and
under a Hedging Agreement) which is outstanding in an aggregate principal amount exceeding C$25,000,000 (or the equivalent amount in any other currency), when due at the final maturity of such Debt; or any other event shall occur or condition shall
exist, and shall continue after the applicable grace period, if any, specified in any agreement or instrument relating to any such Debt, and as a consequence thereof, such Debt shall be declared to be due and payable prior to the stated maturity
thereof.” 
  

	 	3.21	The text “this Section” in the first sentence of subsection 12.01(1)(f) of the Amended and Restated Credit Agreement is hereby deleted and replaced with the
text “this Section 12.01(1)”. 

  

	 	3.22	A new subsection 12.01(2) is hereby added to the Amended and Restated Credit Agreement after subsection 12.01(1): 

“If any Lender is a Non-Consenting Lender, then the Borrower may, at its sole cost and expense, upon 10 days’ notice to such
Non-Consenting Lender and the Administrative Agent, on the condition that at such time, no Default exists and is continuing, require such Non-Consenting Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 12.08), all of its interests, rights and obligations under this Agreement and the other Credit Documents to an Eligible Assignee that shall assume such obligations (which assignee may
be another Lender, if a Lender accepts such assignment), provided that: 
  

	 	(i)	the Borrower pays the Administrative Agent the Assignment Fee; and 

  

	 	(ii)	the assigning Non-Consenting Lender receives payment of an amount equal to the outstanding principal of its outstanding Accommodations Outstanding, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder (including any breakage costs, if any, contemplated under Section 12.06(4)) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the
Borrower (in the case of all other amounts). 

 A Non-Consenting Lender shall not be required to make any such
assignment or delegation if, prior thereto, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.” 

  

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	 	3.23	Subsection 12.08(7) of the Amended and Restated Credit Agreement is hereby amended by deleting the text “Revolving” in the third line.

  

	 	3.24	Section 12.09 of the Amended and Restated Credit Agreement is hereby amended by deleting the text “Revolving” throughout said Section and by deleting the
text “(Revolving Commitment)” in the ninth line of subsection 12.09(2). 

  

	 	3.25	Section 12.11 of the Amended and Restated Credit Agreement is hereby amended by adding the following new paragraph at the end thereto: 

“If any Lender is a Defaulting Facility B Lender, then the Borrower may, at its sole costs and expense, upon 10 days’ notice to
such Defaulting Facility B Lender and the Administrative Agent, on the condition that at such time, no Default exists and is continuing, require such Defaulting Facility B Lender to assign and delegate, without recourse (in accordance with and
subject to the restrictions contained in, and consents required by, Section 12.08), all of its interests, rights and obligations under this Agreement and the other Credit Documents to an Eligible Assignee that shall assume such obligations
(which assignee may be another Lender, if a Lender accepts such assignment), provided that the assigning Defaulting Facility B Lender receives payment of an amount equal to the outstanding principal of its outstanding Accommodations Outstanding,
accrued interest thereon, accrued fees and all other amounts payable to it hereunder (including any breakage costs, if any, contemplated under Section 12.06(4)) from the assignee (to the extent of such outstanding principal and accrued interest
and fees) or the Borrower (in the case of all other amounts). 
 A Defaulting Facility B Lender shall not be required to make any
such assignment or delegation if, prior thereto, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.” 
  

	 	3.26	Schedule B (Commitments) of the Amended and Restated Credit Agreement shall hereby be amended by adding thereto immediately after the table relating to the
Revolving Facility, the following chart: 

 “FACILITY B-1 TRANCHE COMMITMENTS” 

 

					
	 LENDERS
	  	FACILITY B-1 TRANCHE 
(INITIAL
AMOUNT AS PER BELOW, AS SUCH
AMOUNT MAY BE
DECREASED
PURSUANT TO ARTICLE 2)
(US$)	 
	 Citibank, N.A., Canadian Branch
	  	 	116,666,666.67	  
	 The Bank of Nova Scotia
	  	 	116,666,666.67	  
	 Royal Bank of Canada
	  	 	116,666,666.66	  

  

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	 	3.27	Schedule 4 (Applicable Margins) of the Amended and Restated Credit Agreement shall hereby be amended by deleting the chart under the heading
“Facility B” and replacing it with the following chart: 

 “Facility
B-1 Tranche” 
  

					
	 US$ PRIME RATE
	  	LIBOR	 
	 1.5%
	  	 	2.5	% 

  

	 	3.28	The following new Schedule 8.02A (Existing Debt) is hereby added to the Amended and Restated Credit Agreement: 

“SCHEDULE 8.02A 
 EXISTING DEBT 
  

	 	•	 	 Indenture, dated as of January 17, 2006, relating to the Borrower’s US$525,000,000 (current principal owing now at US$265,000,000) 7 3/4% Senior Notes due 2016, by and between the Borrower, as issuer, and U.S. Bank National Association, as trustee; 

 

	 	•	 	 Indenture, dated as of October 5, 2007, relating to the Borrower’s US$700,000,000 (current principal owing now at US$380,000,000) 7  3/4% Senior Notes due 2016, by and between the Borrower, as issuer, and U.S. Bank National Association, as trustee; 

 

	 	•	 	 Indenture, dated as of January 5, 2011, relating to the Borrower’s C$325,000,000 7 3/8% Senior Notes due 2021, by and between the Borrower, as issuer, and Computershare Trust Company of Canada, as trustee; 

 

	 	•	 	 Indenture, dated as of October 11, 2012, relating to the Borrower’s US$850,000,000 5 3/4 % Senior Notes due 2023, by and between the Borrower, as issuer, and U.S. Bank National Association, as trustee; and 

 

	 	•	 	 Indenture, dated as of October 11, 2012, relating to the Borrower’s C$500,000,000 6 5/8% Senior Notes due 2023, by and between the Borrower, as issuer, and Computershare Trust Company of Canada, as trustee.” 

  

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	4.	Conditions Precedent. 

This Amendment shall not be in force or effect until the following conditions precedent are met to the satisfaction of the Administrative
Agent and the Facility B-1 Lenders (the “Facility B-1 Effective Date”): 
  

	 	4.1	no Default or Event of Default shall have occurred or be continuing or would arise immediately after giving effect to or as a result of this Amendment, and the
Administrative Agent shall have received a certificate of an acceptable officer of the Borrower confirming the absence of any such Default or Event of Default; 

 

	 	4.2	all of the representations and warranties contained in the Amended and Restated Credit Agreement and the other Credit Documents shall continue to be true and correct in
all material respects on the date hereof (other than representations and warranties made as of a certain date) as if such representations and warranties were made on the date of this Amendment, and the Administrative Agent shall have received a
certificate of an acceptable officer of the Borrower confirming same; 

  

	 	4.3	satisfactory confirmation that no Material Adverse Effect shall have occurred since December 31, 2012, and the Administrative Agent shall have received a
certificate of an acceptable officer of the Borrower confirming same; 

  

	 	4.4	the Borrower shall have obtained or shall have used commercially reasonable efforts to obtain a debt rating from Moody’s Investor Service Inc. and
Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., in respect of the Facility B Tranche; 

  

	 	4.5	the Administrative Agent and the Lenders shall have received, in form and substance satisfactory to them and their counsel: 

 

	 	4.5.1	duly executed counterparts of this Amendment; 

  

	 	4.5.2	results of Lien searches from June 14, 2013 to a date reasonably close to the date of this Amendment, of all filings, registrations or recordings of or with
respect to all the movable assets of the Borrower and its predecessors in each jurisdiction in which its assets are located or have an office, together with such other documents that the Administrative Agent shall require evidencing, to the entire
satisfaction of the Administrative Agent and its counsel, that all such movable assets continue to remain free and clear of all Liens, other than Permitted Liens; 

  

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	 	4.5.3	a duly certified copy of the constating documents, by-laws, resolutions and incumbency of the Borrower, certified by an acceptable officer of the Borrower (or to the
extent all amendments or additions to such constating documents, by-laws, resolutions and incumbency, if any, have heretofore been delivered to the Administrative Agent, a certificate by an acceptable officer of the Borrower attesting to same);

  

	 	4.5.4	a certificate of status, compliance, good standing or like certificate issued by the appropriate governmental body of the Borrower’s jurisdiction of incorporation
and jurisdiction where it owns any material assets or carries any material business; 

  

	 	4.5.5	the favourable opinions of legal counsel to the Borrower addressed to the Administrative Agent, the Lenders and their legal counsel covering, inter alia,
(i) the corporate status, power and capacity of the Borrower, (ii) the authority and legal right of the Borrower to execute this Amendment and to perform its obligations contained therein or incidental thereto, (iii) the due execution
and delivery by the Borrower of the Amendment, (iv) the compliance of the Amendment with the constating documents and by-laws of the Borrower and with the laws of the jurisdiction of organisation of the
Borrower and with those indicated as governing each such document; (v) the legality, validity, binding effect and enforceability against the Borrower of the Amendment; (vi) the continued legality, validity, binding effect and
enforceability of the Security Documents against the Borrower as continuing to secure the obligations of the Borrower under this Amendment and the other Credit Documents; (vii) the continued opposability and perfection of the security created
under the relevant Security Documents; and as to such other matters as the Administrative Agent may reasonably require; 

  

	 	4.5.6	satisfactory evidence that all necessary third party consents and authorisations required in connection with the execution, delivery and performance of this Amendment
have been obtained, and that all debentures, hypothecs, deeds, instruments, forms, financing statements or equivalent documents required under all applicable Laws to preserve the Security, if any, have been executed, delivered and duly registered,
recorded, published and/or filed; and 

  

	 	4.5.7	all other documents, declarations, certificates, agreements, notices and information that the Administrative Agent or its counsel may reasonably require;

  

	 	4.6	the entire amount of all fees, costs, charges and expenses contemplated herein or in any other Credit Document, to the extent then owing, including the fees and
disbursements of the Administrative Agent’s and Lenders’ legal counsel incurred in connection with the preparation and negotiation of this Amendment, up to and including the date hereof, shall have been paid. 

  

- 19 - 
  

	5.	No Waiver. 

 The
execution, delivery and effectiveness of this Amendment shall not, except as expressly provided otherwise, operate as a waiver of any of the rights and powers of or remedies available to the Administrative Agent (in such capacity or in its capacity
as collateral agent or fondé de pouvoir, as applicable) or the Lenders under the Amended and Restated Credit Agreement or any of the other Credit Documents nor constitute a waiver of any provision of the Amended and Restated Credit
Agreement or such other Credit Documents. 
  

	6.	No Novation. 

 Nothing in
this Agreement shall constitute, evidence or result in repayment, readvance, accord or satisfaction, release or novation of all or any part of the Accommodations, the Debt relating to the Accommodations, or any other obligation or liability of the
Borrower under, in respect of or in connection with the Accommodations, the Debt relating to the Accommodations, the Amended and Restated Credit Agreement and any other Credit Documents. However, should this Agreement be construed as constituting,
evidencing or resulting in repayment, readvance, accord or satisfaction, release or novation of all or any part of the Accommodations, the Debt relating to the Accommodations, or any other obligation or liability of the Borrower under, in respect of
or in connection with the Accommodations, the Debt relating to the Accommodations, the Amended and Restated Credit Agreement and any other Credit Documents, the Administrative Agent and the Lenders hereby expressly reserve all of the Security
granted in their favour by the Borrower under the Security Documents, the whole in accordance with the provisions of Article 1662 of the Civil Code of Québec. 

 

	7.	Governing Law. 

 This
Amendment shall be governed by and interpreted and enforced in accordance with the laws of the Province of Quebec and the federal laws of Canada applicable therein. 
  

	8.	Successors and Assigns. 

The provisions of this Amendment shall be binding on and enure to the benefit of the undersigned and their respective successors and
permitted assigns. 
  

	9.	Counterparts. 

 This
Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
  

	10.	Patriot Act. 

 Each Lender
party hereto and the Administrative Agent hereby notifies the Borrower that pursuant to the requirements of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L.
107-56 (signed into law October 26, 2001)) (the “PATRIOT Act”), each Lender and the Administrative Agent may be required to obtain, verify and record information that identifies the Borrower, which information includes the name
and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the PATRIOT Act. This notice is given in accordance with the requirements of the
PATRIOT Act and is effective for each Lender and the Administrative Agent. 
 [Signature pages follow]

 IN WITNESS WHEREOF the parties hereto have executed this First Amendment to Amended
and Restated Credit Agreement as of the date hereinabove mentioned. 
  

			
	QUEBECOR MEDIA INC., as Borrower
		
		 	/s/ Jean-François Pruneau
	Name:	 	Jean-François Pruneau
	Title:	 	Senior VP and Chief Financial Officer
		
		 	/s/ Claudine Tremblay
	Name:	 	Claudine Tremblay
	Title:	 	Vice President and Secretary
	
	BANK OF AMERICA, N.A., as Administrative Agent
		
		 	/s/ Liliana Claar
	Name:	 	Liliana Claar
	Title:	 	Vice President

  
 QMI
– 1st Amendment Agreement 

 
			
	CITIBANK, N.A., Canadian Branch
		
		 	/s/ Isabelle Côté
	Name:	 	Isabelle Côté
	Title:	 	Authorized Officer

  
 QMI
– 1st Amendment Agreement 

 
			
	ROYAL BANK OF CANADA
		
		 	/s/ Rod Smith
	Name:	 	Rod Smith
	Title:	 	Authorized Signatory

  
 QMI
– 1st Amendment Agreement 

 
			
	THE BANK OF NOVA SCOTIA
		
		 	/s/ (signed)
	Name:	 	
	Title:	 	
		
		 	/s/ Eddy Popp
	Name:	 	Eddy Popp
	Title:	 	Director

  
 QMI
– 1st Amendment Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00228-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00228-of-00352.parquet"}]]