Document:

<Page>

                                                                    EXHIBIT 10.5

                           SUBORDINATION AGREEMENT FOR
                        EXISTING BACK-TO-BACK SECURITIES

This SUBORDINATION AGREEMENT is dated as of February 7, 2003 (the "Agreement").

To:      Bank of America, N.A., for itself and as Administrative Agent under the
         Credit Agreement (defined below) for the Lenders (the "ADMINISTRATIVE
         AGENT")

                  Sun Media Corporation, a British Columbia company (the
"OBLIGOR"), as obligor under the convertible obligations dated as of July 9,
2001 and November 28, 2002 in the principal amount of Cdn.$1,600,000,000 and
Cdn$350,000,000, respectively, made by the Obligor in favour of Quebecor Media
Inc. (the "SUBORDINATED NOTES"), and Quebecor Media Inc., as holder (the
"HOLDER") of the Subordinated Notes, for ten dollars and other good and valuable
consideration received by each of the Obligor and the Holder from the
Administrative Agent and by each of the Obligor and the Holder from the other,
agree as follows:

1.       INTERPRETATION.

   (a)   "CASH, PROPERTY OR SECURITIES". "Cash, Property or Securities" shall
not be deemed to include securities of the Obligor or any other Person provided
for by a plan of reorganization or readjustment, the payment of which is
subordinated at least to the extent provided herein with respect to the
Subordinated Notes, to the payment of all Senior Indebtedness which may at the
time be outstanding; provided, however, that (i) all Senior Indebtedness is
assumed by the new Person, if any, resulting from any such reorganization or
readjustment, and (ii) the rights of the holders of the Senior Indebtedness are
not, without the consent of such holders, altered by such reorganization or
readjustment.

   (b)   "PAYMENT IN FULL". "payment in full", with respect to Senior
Indebtedness, means the receipt on an irrevocable basis of cash in an amount
equal to the unpaid principal amount of the Senior Indebtedness and premium, if
any, and interest and any special interest thereon to the date of such payment,
together with all other amounts owing with respect to such Senior Indebtedness.

   (c)   "SENIOR INDEBTEDNESS". "Senior Indebtedness" means, at any date all
indebtedness (including, without limitation, any and all amounts of principal,
interest, special interest, additional amounts, premium, fees, penalties,
indemnities and "post-petition interest" in bankruptcy and any reimbursement of
expenses) under (1) the Indenture , including, without limitation, the "Notes",
the "Subsidiary Guarantees", the "Exchange Notes", the "Additional Notes" and
any Guarantee of the Exchange Notes or the Additional Notes (in each case, as
defined in the Indenture) and (2) the Credit Agreement, dated as of February 7,
2003, among the Obligor, the financial institutions identified as lenders
therein, Banc of America Securities LLC, as joint lead arranger, Bank of
America, N.A., as administrative agent, and Credit Suisse First Boston
Corporation, as joint lead arranger and syndication agent (the "CREDIT
AGREEMENT"; capitalized terms used herein without definition having the meanings
set forth therein).

<Page>

                                     - 2 -

2.       AGREEMENT ENTERED INTO PURSUANT TO CREDIT AGREEMENT. The Obligor, the
Administrative Agent and the Lenders are entering into this Agreement pursuant
to the provisions of the Credit Agreement , pursuant to which the Obligor has
borrowed US$230,000,000 and has additional borrowings available of
Cdn.$75,000,000 (the "ACCOMMODATIONS").

3.       SUBORDINATION. The indebtedness represented by the Subordinated Notes
shall be subordinated as follows:

   (a)   AGREEMENT TO SUBORDINATE. The Obligor, for itself and its successors
and assigns, and the Holder agree that the indebtedness evidenced by the
Subordinated Notes (including, without limitation, principal, interest, premium,
fees, penalties, indemnities and "post-petition interest" in bankruptcy and any
reimbursement of expenses) is subordinate and junior in right of payment, to the
extent and in the manner provided in this Section 3, to the prior payment in
full of all Senior Indebtedness. The provisions of this Section 3 are for the
benefit of the Administrative Agent acting on behalf of the holders from time to
time of Senior Indebtedness under the Credit Agreement, and such holders are
hereby made obligees hereunder to the same extent as if their names were written
herein as such, and they (collectively or singly) may proceed to enforce such
provisions.

   (b)   LIQUIDATION, DISSOLUTION OR BANKRUPTCY.

         (i)      Upon any distribution of assets of the Obligor to creditors or
                  upon a liquidation or dissolution or winding-up of the Obligor
                  or in a bankruptcy, arrangement, liquidation, reorganization,
                  insolvency, receivership or similar case or proceeding
                  relating to the Obligor or its property or other marshalling
                  of assets of the Obligor:

                  (A)      the holders of Senior Indebtedness shall be entitled
                           to receive payment in full of all Senior Indebtedness
                           before the Holder shall be entitled to receive any
                           payment of principal of or interest on, or any other
                           amount owing in respect of, the Subordinated Notes;

                  (B)      until payment in full of all Senior Indebtedness, any
                           distribution of assets of the Obligor of any kind or
                           character to which the Holder would be entitled but
                           for this Section 3 is hereby assigned to the holders
                           of Senior Indebtedness absolutely and shall be paid
                           by the Obligor or by any receiver, trustee in
                           bankruptcy, liquidating trustee, agents or other
                           Persons making such payment or distribution to, the
                           Administrative Agent behalf of the holders of Senior
                           Indebtedness under the Credit Agreement, as their
                           interests may appear; and

                  (C)      in the event that, notwithstanding the foregoing, any
                           payment or distribution of assets of the Obligor of
                           any kind or character, whether in Cash, Property or
                           Securities, shall be received by the Holder before
                           all Senior Indebtedness is paid in full, such payment

<Page>

                                     - 3 -

                           or distribution shall be held in trust for the
                           benefit of and shall be paid over to the
                           Administrative Agent on behalf of the holders of
                           Senior Indebtedness under the Credit Agreement, as
                           their interests may appear, for application to the
                           payment of all Senior Indebtedness under the Credit
                           Agreement until all such Senior Indebtedness shall
                           have been paid in full after giving effect to any
                           concurrent payment or distribution to the holders of
                           Senior Indebtedness under the Credit Agreement in
                           respect of such Senior Indebtedness.

         (ii)     If (A) a bankruptcy, reorganization, insolvency, receivership
                  or similar proceeding relating to the Obligor or its property
                  (a "REORGANIZATION PROCEEDING") is commenced and is continuing
                  and (B) the Holder does not file proper claims or proofs of
                  claim in the form required in a Reorganization Proceeding
                  prior to 45 days before the expiration of the time to file
                  such claims, then (1) upon the request of the Administrative
                  Agent, the Holder shall file such claims and proofs of claim
                  in respect of the Subordinated Notes and execute and deliver
                  such powers of attorney, assignments and proofs of claim or
                  proxies as may be directed by the Administrative Agent to
                  enable it to exercise in the sole discretion of the
                  Administrative Agent any and all voting rights attributable to
                  the Subordinated Notes which are capable of being voted
                  (whether by meeting, written resolution or otherwise) in a
                  Reorganization Proceeding and enforce any and all claims upon
                  or in respect of the Subordinated Notes and to collect and
                  receive any and all payments or distributions which may be
                  payable or deliverable at any time upon or in respect of the
                  Subordinated Notes, and (2) whether or not the Administrative
                  Agent shall take the action described in clause (1) above, the
                  Administrative Agent shall nevertheless be deemed to have such
                  powers of attorney as may be necessary to enable the
                  Administrative Agent to exercise such voting rights, file
                  appropriate claims and proofs of claim and otherwise exercise
                  the powers described above for and on behalf of the Holder.

   (c)   SUBROGATION. After all Senior Indebtedness is paid in full and until
the Subordinated Notes are paid in full, the Holder shall be subrogated to the
rights of the holders of Senior Indebtedness. For purposes of this Section 3(c),
a distribution made under this Section 3 to holders of Senior Indebtedness which
otherwise would have been made to the Holder, or a payment made by the Holder to
holders of Senior Indebtedness in respect of a turnover obligation under this
Section 3, is not, as between the Obligor and such holder, a payment by the
Obligor on Senior Indebtedness.

   (d)   RELATIVE RIGHTS. This Section 3 defines the relative rights of the
Holder and the holders of Senior Indebtedness. Nothing in this Section 3 shall:

         (i)      impair, as between the Obligor and the Holder, the obligation
                  of the Obligor, which is absolute and unconditional, to pay
                  the principal of and interest on the Subordinated Notes in
                  accordance with their terms; or

<Page>

                                     - 4 -

         (ii)     affect the relative rights of the Holder and creditors of the
                  Obligor other than the holders of Senior Indebtedness; or

         (iii)    affect the relative rights of the holders of Senior
                  Indebtedness among themselves or opposite the Obligor under
                  the Credit Documents; or

         (iv)     prevent the Holder from exercising its available remedies upon
                  a default, subject to the rights of the holders of Senior
                  Indebtedness to receive cash, property or other assets
                  otherwise payable to the Holder.

   (e)   SUBORDINATION MAY NOT BE IMPAIRED.

         (i)      No right of any holder of Senior Indebtedness to enforce the
                  subordination of indebtedness evidenced by the Subordinated
                  Notes shall in any way be prejudiced or impaired by any act or
                  failure to act by the Obligor or by any such holder or the
                  Administrative Agent, or by any non-compliance by the Obligor
                  with the terms, provisions or covenants herein, regardless of
                  any knowledge thereof which any such holder or the
                  Administrative Agent may have or be otherwise charged with.
                  Neither the subordination of the Subordinated Notes as herein
                  provided nor the rights of the holders of Senior Indebtedness
                  with respect hereto shall be affected by any extension,
                  renewal or modification of the terms, or the granting of any
                  security in respect of, any Senior Indebtedness or any
                  exercise or non-exercise of any right, power or remedy with
                  respect thereto.

         (ii)     The Holder agrees that all indebtedness evidenced by the
                  Subordinated Notes will be unsecured by any Lien upon or with
                  respect to any property of the Obligor.

         (iii)    The Holder agrees not to exercise any offset or counterclaim
                  or similar right in respect of the indebtedness evidenced by
                  the Subordinated Notes except to the extent payment of such
                  indebtedness is permitted and will not assign or otherwise
                  dispose of the Subordinated Notes or the indebtedness which it
                  evidences unless the assignee or acquiror, as the case may be,
                  agrees to be bound by the terms of this Agreement.

   (g)   HOLDER ENTITLED TO RELY.

         Upon any payment or distribution pursuant to this Section 3, the Holder
         shall be entitled to rely (i) upon any order or decree of a court of
         competent jurisdiction in which any proceedings of the nature referred
         to in Section 3(b) are pending, (ii) upon a certificate if the
         liquidating trustee or agent or other person in such proceedings making
         such payment or distribution to the Holder or its representative, if
         any, or (iii) upon a certificate of the Administrative Agent or any
         representative (if any) of the holders of Senior Indebtedness for the
         purpose of ascertaining the persons entitled to participate in such
         payment or distribution, the holders of the Senior Indebtedness and
         other indebtedness of the Obligor, the

<Page>

                                     - 5 -

         amount thereof or payable thereon, the amount or amounts paid or
         distributed thereon and all other facts pertinent thereto or to this
         Section 3.

4.       ENFORCEABILITY. Each of the Obligor and the Holder represents and
warrants that this Agreement has been duly authorized, executed and delivered by
each of the Obligor and the Holder and constitutes a valid and legally binding
obligation of each of the Obligor and the Holder, enforceable in accordance with
its terms, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to
or affecting creditors' rights and to general equity principles; and on the date
hereof, the Holder shall deliver an opinion or opinions of counsel to such
effect to the Administrative Agent for the benefit of the Lenders.

5.       MISCELLANEOUS.

   (a)   Until payment in full of all the Senior Indebtedness, the Obligor and
the Holder agree that no amendment shall be made to either of the Subordinated
Notes which would affect the rights of the holders of the Senior Indebtedness.

   (b)   This Agreement may not be amended or modified in any respect, nor may
any of the terms or provisions hereof be waived, except by an instrument signed
by the Obligor, the Holder and the Administrative Agent.

   (c)   This Agreement shall be binding upon each of the parties hereto and
their respective successors and assigns and shall inure to the benefit of the
Administrative Agent and each and every holder of Senior Indebtedness and their
respective successors and assigns.

   (d)   This Agreement shall be governed by and construed in accordance with
the laws of the State of New York.

   (e)   The Holder and the Obligor each hereby irrevocably agrees that any
suits, actions or proceedings arising out of or in connection with this
Agreement may be brought in any state or federal court sitting in The City of
New York or any court in the Province of Quebec and submits and attorns to the
non-exclusive jurisdiction of each such court.

   (f)   The Holder and the Obligor will whenever and as often as reasonably
requested to do so by the Administrative Agent, do, execute, acknowledge and
deliver any and all such other and further acts, assignments, transfers and any
instruments of further assurance, approvals and consents as are necessary or
proper in order to give complete effect to this Agreement.

   (g)   Each of the Holder and the Obligor irrevocably appoints CT Corporation
System, as its authorized agent in the State of New York upon which process may
be served in any such suit or proceedings, and agrees that service of process
upon such agent, and written notice of said service to CT Corporation System, by
the person serving the same to the addresses listed below, shall be deemed in
every respect effective service of process upon the Holder or the Obligor, as
applicable, in any such suit or proceeding.

         If to the Obligor:
         Sun Media Corporation

<Page>

                                     - 6 -

         333 King Street East
         Toronto, Ontario M5A 3XS
         Canada

         If to the Holder:

         Quebecor Media Inc.
         612 Saint-Jacques Street
         Montreal, Quebec H3C 4M8
         Canada

         Each of the Holder and the Obligor further agrees to take any and all
action as may be necessary to maintain such designation and appointment of such
agent in full force and effect for a period of ten years from the date of this
Agreement.

                  IN WITNESS WHEREOF, the Obligor and the Holder each have
caused this Agreement to be duly executed.

                                       SUN MEDIA CORPORATION

                                       by /s/ Mark D'Souza
                                          -------------------------------------
                                          Name:     Mark D'Souza
                                          Title:    Vice President and Treasurer

                                       QUEBECOR MEDIA INC.

                                       by /s/ Mark D'Souza
                                          -------------------------------------
                                          Name:     Mark D'Souza
                                          Title:    Vice President and Treasurer<Page>

                                                                   EXHIBIT 10.9

                              SUN MEDIA CORPORATION
        12.15 % convertible Obligation (< Cancap >) due November 28, 2008

CDN $350,000,000                                               November 28, 2002

FOR VALUE RECEIVED, the undersigned, SUN MEDIA CORPORATION, a company
continued and existing under the COMPANY ACT (British Columbia) (the
< ISSUER >) , hereby promises to pay to QUEBECOR MEDIA INC., a company
organized and existing under the COMPANIES ACT (Quebec), or its assigns (in
each case, the < HOLDER >), the sum of 350,000,000 Canadian Dollars (the
< FACE AMOUNT >) on November 28, 2008, with interests ("COUPON PAYMENTS") on
the unpaid balance thereof at the rate of 12.15 % per annum from the date
hereof. The Coupon Payments shall be payable (subject to Section 2(b) hereof)
semi-annually on January 14 and July 14 of each year (the first Coupon
Payment which shall be of $5,475,821.92 and payable on January 14, 2003, and
the last Coupon Payment which shall be of $15,961,438.36 and payable on
November 28, 2008), until the Face Amount hereof shall become due and payable.

         This 12.15 % Convertible Obligation due November 28, 2008 (together
with any security issued upon transfer or exchange of or in substitution for
this Convertible Obligation, in each case, the < CANCAP >) is an obligation
of the Issuer. The Holder of the Cancap will be deemed, by its acceptance of
such Cancap, to have agreed to all of the provisions thereof.

        1.       DEFINITIONS.  The following are definitions which apply to the
Cancap :

"CREDIT FACILITY" means the amended and restated credit agreement dated as of
April 1, 2000, as amended from time to time, between the Issuer (as borrower),
the financial institutions identified therein (as lenders), Royal Bank of
Canada (as administrative agent) and Credit Suisse First Boston Canada (as
documentation agent).

"CONVERSION PRICE" means the fair market value per share (as defined
hereinafter) at the time of a conversion pursuant to Section 6 hereof, as
determined in good faith by the Board of Directors of the Issuer;

"SHARE PAYMENT PRICE" means the fair market value per Share at the time of a
share payment pursuant to Section 2(c) hereof, as determined in good faith by
the Board of Directors of the Issuer; and

"SHARES" means fully-paid and non-assessable common shares of the capital stock
of the Issuer or its successor, and "SHARE" means one (1) such share.

         2.      (a) CASH PAYMENT. Subject to Sections 2(c) and 6(a), payments
with respect to the Cancap shall be made in lawful money of Canada. Payments due
and payable on the Cancap shall be made, without the presentment or surrender of
any Cancap, by wire transfer or such other method, and at such

<Page>

address in Canada (the "PLACE OF PAYMENT"), as shall be specified by the Holder
in a notice given at any time and from time to time to the Issuer.

                  (b) PAYMENT DEFERRAL OPTION. The issuer may elect to defer, at
any time and from time to time, Coupon Payments on the Cancap by extending the
Coupon Payment period on the Cancap for a period (each such period, an
"EXTENSION PERIOD") of up to twelve (12) consecutive semi-annual periods;
provided, however, that no Extension period may extend beyond November 28, 2008.

                  (c) SHARE PAYMENT OPTION. The Issuer may at any time, at its
option, elect to satisfy its obligation to pay deferred semi-annual and the
final Coupon Payment amounts by issuing and delivering to the Holder, for each
portion of $1,000 of Coupon Payment owed under the Cancap, the number of Shares
obtained by dividing $1,000 by the Share Payment Price.

          3.      OPTIONAL REDEMPTION. The Cancap is redeemable at the option
of the Issuer, in whole at any time or in part from time to time, at a
redemption price equal to the then outstanding Face Amount (or portion thereof
called for redemption, as the case may be), together, in each case, with accrued
and unpaid Coupon Payments, if any, to the redemption date.

         In order to effect an optional redemption, the Issuer shall provide to
the Holder a notice of redemption of at least one (1) business day. On and after
any redemption date, Coupon Payments will cease to accrue on the Cancap or
portion thereof called for redemption.

         4.       MANDATORY REDEMPTION. (A) The  occurrence of any of the
following shall constitute a MANDATORY REDEMPTION EVENT :

                  (1) any failure to pay the Face Amount of the Cancap when due
and payable (whether at maturity or a date fixed for redemption or by
declaration or otherwise);

                  (2)     any failure to pay any Coupon  Payment on the Cancap
when due and payable, which failure continues for a period of thirty (30) days;

                  (3) any failure to perform any other obligation under the
Cancap, which failure continues for more than thirty (30) days after receipt by
the Issuer of a notice from the Holder describing such failure in reasonable
detail;

                  (4) the Issuer (i) admits in writing its inability to pay its
debts as they become due, (ii) files, or consents by answer or otherwise to the
filing against it of, a petition for relief, reorganisation or arrangement or
any other petition in bankruptcy or for liquidation or to take advantage of any
bankruptcy, insolvency, reorganization, moratorium or other similar law of any
jurisdiction, (iii) makes an assignment for the benefit of its creditors, (iv)
consents to the appointment of a custodian, receiver, trustee or other officer
with similar powers with respect to it or

<Page>

any substantial part of its assets or (v) takes corporate action for the purpose
of the foregoing; or

                  (5) a court or other governmental authority of competent
jurisdiction enters an order (i) appointing a custodian, receiver, trustee or
other officer with similar powers with respect to the Issuer or any substantial
part of its assets, (ii) for relief or approving a petition for relief,
reorganization or any other petition in bankruptcy or for liquidation of the
Issuer or to take advantage of any bankruptcy, insolvency, reorganization,
moratorium or other similar law of any jurisdiction or (iii) for the
dissolution, winding-up or liquidation of the Issuer, or any such petition
shall be filed against the Issuer and not be dismissed within ninety (90) days.

(b) The Cancap is not redeemable at the option of the Holder upon any Mandatory
Redemption Event prior to May 15, 2007. From and after May 15, 2007, the Cancap
is not redeemable at the option of the Holder upon any Mandatory Redemption
Event unless (i) no amounts are outstanding under the Credit Facility, (ii) the
administrative agent under the Credit Facility has already demanded payment of
amounts owing under the Credit Facility, or (iii) if amounts are outstanding
under the Credit Facility, not less than ninety (90) days' advance notice of the
Mandatory Redemption Event has been given to the administrative agent under the
Credit Facility. Subject to the foregoing, if any Mandatory Redemption Event has
occurred and is continuing, the Holder may, by written notice to the Issuer,
declare the Cancap to be immediately due and payable to the Holder. In any such
case, the Cancap will mature, and all amounts payable with respect thereto shall
become immediately due and payable, without presentment, demand, protest or
further notice, all of which are hereby waived.

(c) At any time after the Cancap has been declared immediately due and payable,
the Holder may, by notice to the Issuer, rescind such declaration and its
consequences; PROVIDED THAT (i) no judgment or decree shall have been entered
for the payment of the Cancap by reason of such declaration, (ii) the Issuer
shall have paid all amounts then due and payable (other than by virtue of such
declaration) with respect to the Cancap, and (iii) all non-monetary Mandatory
Redemption Events, if any, shall have been waived by the Holder of shall have
been cured.

5. RANKING. The obligations of the Issuer under the Cancap are subordinated in
right of payment to the prior payment in full of all existing and future
indebtedness of the Issuer. The holders of all other indebtedness of the Issuer
will be entitled to receive payment in full of all amounts due on or in respect
of all other indebtedness of the Issuer before the Holder is entitled to receive
or retain payment of any kind on the Cancap.

6. CONVERTIBILITY. (a) By giving a notice (a "CONVERSION NOTICE") to the Holder
at any time prior to the close of business on November 27, 2008 or the business
day immediately preceding the date of a redemption, as the case may be, the
Issuer may elect to convert all or any part of the unpaid Face Amount and
accrued and unpaid Coupon Payments into Shares at the Conversion Price, the
number of which Shares shall be determined by dividing the amount to be so
converted by the

<Page>

Conversion Price. Until the Issuer converts any unpaid Face Amount and accrued
and unpaid Coupon Payments to Shares, the Holder shall have under this Section 6
none of the rights or obligations of a shareholder of the Issuer.

(b) RESERVED SHARES; REGISTRATION, LISTING, ETC. The issuer shall reserve (if at
any time its articles limit the number of authorized Shares) and at all times
keep available, solely for the purpose of delivery upon conversion of the Cancap
as provided in this Section 6, such number of Shares as would then be
deliverable at the Conversion Price upon the conversion of the Cancap, which
Shares would be upon delivery duly and validly issued and fully paid and
non-assessable. If any such Shares require registration with or approval of any
governmental authority under any applicable law or listing upon any national
securities exchange before such shares may be issued and delivered upon
conversion, the Issuer shall use its best efforts to cause such Share to be duly
registered, approved and listed, as the case may be.

(c) CONVERSION PROCEDURE. Each Conversion Notice shall specify (a) the unpaid
Face Amount of the Cancap, (b) accrued and unpaid Coupon Payments payable
thereon, (c) the Conversion Price and (d) the number of Shares to be issued and
delivered upon conversion. The Issuer shall, within ten (10) days of sending any
Conversion Notice (or at such later time as to which the Issuer and the Holder
may agree) deliver to the Holder at the Place of Payment, against surrender of
the Cancap owned by the Holder, (i) at the Issuer's expense (including any stamp
taxes or similar governmental charges), the appropriate number of duly and
validly issued and fully paid and non-assessable Shares and one (1) or more
stock certificates therefor (in such number and registered in such names as the
Holder may direct, provided that if Shares are to be registered in the name of a
person other than the Holder, the Holder shall take all steps necessary to
ensure that such registration and any transfer resulting therefrom does not
breach any applicable provision of securities law or stock exchange rule) and
(ii) to the extent of any unpaid Face Amount of the Cancap after giving effect
to such conversion (and at the Issuer's expense), one (1) Cancap (registered in
such name as the Holder may direct) in substantially the form, and in aggregate
face amount equal to the such unpaid Face Amount of, such surrendered Cancap.
Each new Cancap shall be dated the date to which the Coupon Payment shall have
been paid on such surrendered Cancap and future Coupon Payments shall accrue
from such date.

7.       MISCELLANEOUS.

    (a) NOTICES. Except as specifically provided elsewhere herein, notices and
    other communications required or permitted to be given hereunder will be
    effective when in writing and delivered by hand, mail, recognized overnight
    courier or telecopier, addressed as follows or to such other addresses as
    shall be specified by notice :

<Page>

                       (1)      If to the Issuer :
                                Sun Media Corporation
                                333 King Street East
                                Toronto (Ontario)  M5A 3X5

                                Attention : Vice-President, Corporate Controller

                                Telecopier Number : (416) 947-3119

                       (2)      If to the Holder :
                                Quebecor Media inc.
                                300 Viger Avenue East
                                Montreal (Quebec)  H2X 3W4

                                Attention : Vice-president, Legal Affairs

                                Telecopier Number : (514) 985-8834

(b)     GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the Province of Quebec and the laws of Canada
applicable therein.

(c)     SUCCESSORS AND ASSIGNS. The respective rights and obligations of the
Issuer and of the Holder hereunder shall be binding upon and inure to the
benefit of their respective successors and assigns, PROVIDED THAT the Holder
hereunder may only assign the totality of the unpaid balance of the Face Amount
hereof at the time of an assignment.

        Without restricting the foregoing, the Issuer and the Holder acknowledge
and agree that the Cancap shall be binding upon, and be an obligation of, any
corporation with which the Issuer may amalgamate.

(d)     SEVERABILITY. Any provision of the Canacap that is held invalid, illegal
or unenforceable in any jurisdiction shall not affect the validity, legality or
enforceability of the other provisions of the Cancap in such jurisdiction or any
provision of the Cancap in any other jurisdiction. The Issuer and the Holder
shall endeavour in good-faith negotiations to replace any invalid, illegal or
unenforceable provisions with valid, legal and enforceable provisions, as the
case may be, the economic effect of which shall, taken together with the other
provisions of the Cancap, come as close as possible to the economic effects the
parties intended by the Cancap and the transactions contemplated thereby.

(e)     COUNTERPARTS. The Cancap and any instrument or other document executed
in connection therewith may be executed in any number of counterparts, each of
which shall be original but all of which together shall constitute one (1)
instrument or other document, as the case may be.

<Page>

(f)     LOSS. In the event the Cancap is misplaced, lost or stolen, the Issuer
shall upon demand, issue and deliver, without cost, to the Holder a new Cancap
identical to this one, as replacement thereof.

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized
representative to execute this Agreement as of the date first written above.

ISSUER

SUN MEDIA CORPORATION

By:      ______________________
         Name : Pierre Francoeur
         Title: President & Chief
                Executive Officer

HOLDER

QUEBECOR MEDIA INC.

By:      ____________________________________
         Name : Louis St-Arnaud
         Title: Vice-President, Legal Affairs and Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00048-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00048-of-00352.parquet"}]]