Document:

Amendment to PMPA Motor Fuels Franchise Agreement dated January 1, 2007

 Exhibit 10.45 
 AMENDMENT TO PMPA MOTOR FUELS FRANCHISE AGREEMENT 
 THIS AMENDMENT (“Amendment”) to the PMPA Motor Fuels
Franchise Agreement between Mobil Oil Corporation and Petro Stopping Centers, L.P., dated July 23, 1999 (“Agreement”), is made and entered into as of January 1, 2007, by and between ExxonMobil Oil Corporation, as successor in
interest to Mobil Oil Corporation, a New York corporation, having an office at 3225 Gallows Road, Fairfax, VA 22037 (“ExxonMobil”), and Petro Stopping Centers L.P., a Delaware limited partnership having an office at 6080 Surety Drive, El
Paso, TX 79905 (“Petro”). 
 Whereas, ExxonMobil and Petro, for good and valuable consideration, have agreed to amend the Agreement. 
 Therefore, the Agreement is amended as follows: 
  

	 	1.	The word “Mobil” shall be replaced with “ExxonMobil” throughout the entire Agreement. 

  

	 	2.	§1.1 The following sentence shall be deleted in its entirety, “The Base Business Truckstops approved by Mobil as of the Effective Date for the sale of Mobil Diesel are
listed on Exhibit A attached hereto.” 

 In the sentence following the above sentence, “Mobil Gasoline” shall be
replaced with ExxonMobil Motor Fuels.” 
  

	 	3.	§1.7(c) In the first sentence, “Mobil Gasoline” shall be replaced with “ExxonMobil Motor Fuels.” In addition, the sentence, “Gasoline sold from the
excluded Petro Gasoline Branded Sites shall not be included in any gallon or volume calculation with respect to or under this Agreement” shall be deleted in its entirety. In addition, “Toledo, Ohio - Lenawee Fuels” shall be deleted.

  

	 	4.	§1.8 §1.8 shall be deleted. 

  

	 	5.	§1.9 §1.9 shall be replaced in its entirety by “Petro’s Obligations to Brand New Sites ExxonMobil Motor Fuels”. At new sites to be operated by Petro
or a joint venture involving Petro located in areas listed in Exhibit E at which ExxonMobil desires to sell ExxonMobil Motor Fuels, excluding sites operated by Petro Operators, Petro will sell, subject to applicable law and existing supply
agreements, on terms and conditions provided herein, ExxonMobil Motor Fuels at such site. 

  

	 	6.	§1.11(c)(i) This section shall be deleted in its entirety. 

  

	 	7.	§1.11(c)(ii)The phrase “calendar year 2009” shall be deleted and replaced by “last 12 calendar months prior to the end of the initial term.”

  

 1 

	 	8.	§2.0 This section shall be deleted and in its place it shall read “Intentionally Left Blank”. 

  

	 	9.	§2.1. This section shall be deleted and in its place it shall read as follows: 

 Quantities. 
  

	 	(a)	ExxonMobil shall offer to sell to Petro, or cause to be offered for sale, the types and amounts of Products from the supply points designated by ExxonMobil all as set forth in
Exhibit C (“Product Schedule”) of this Agreement, such quantities being subject always to any changes prescribed by government rules, regulations or orders or resulting from any plan of allocation by ExxonMobil in accordance with
Section 13.2 hereof. Petro agrees to purchase, receive and pay for the Products on the terms and conditions herein stated and in the Product Schedule. The quantity for each Product at each supply point as determined by the Product Schedule, or
such other prescribed or allocated quantity, is the maximum volume ExxonMobil is obligated to offer to sell, or cause to be offered for sale, to Petro from each supply point during each contract year (as defined in the Product Schedule) on a monthly
and annual basis. The maximum volume of any Product which ExxonMobil is obligated to offer to sell, or cause to be offered for sale, to Petro from any supply point in any contract year, or in any calendar month of such year, shall be referred to as
the “Maximum Annual Volume” or “Maximum Monthly Volume” respectively. 

  

	 	(b)	By mutual consent this Agreement may, from time to time, be amended by the addition to, or deletion herefrom, of an additional or revised Product Schedule(s). Any such additional or
revised Product Schedule(s) shall be marked as such and signed by the duly authorized representatives of the parties and shall thereupon become a part of this Agreement from and after the effective date appearing on such additional or revised
Product Schedule(s). 

  

	 	10.	§2.2 This section shall be deleted in its entirety and in its place the following shall be inserted: 

  

	 	§2.2 	Changes in Specifications – Rights of the Parties 

  

	 	(a)	The ExxonMobil products to be bought and sold under this Agreement are Mobil diesel and Mobil Gasoline, except that diesel fuel sold at truck-oriented diesel fuel islands will not
be sold as Mobil-branded. 

  

 2 

 ExxonMobil may, at any time and from time to time, on written notice, change the grade, specifications,
characteristics, product name, or other distinctive designation of such ExxonMobil products so long as such change does not result in a decrease in product quality and is in compliance with all applicable laws. Such product as so changed remains
subject to this Agreement. Whenever reasonably possible, ExxonMobil shall use reasonable efforts to provide Petro with at least ninety (90) days’ prior written notice of any significant changes in product specifications or designations.
Should ExxonMobil change the product name or other distinctive designations of such Mobil product, and such change results in Petro incurring costs, ExxonMobil shall bear the costs of such changes, if necessary, including but not limited to, the
cost of pumping or cleaning tanks, replacement of all signs containing such product name an/or other distinctive designations. 
  

	 	(b)	Petro may additize Mobil Diesel only in accordance with applicable laws and generally recognized industry standards and only for resale at its truck-oriented diesel fuel islands
where the product is not sold as Mobil-branded. 

  

	 	11.	§2.3 This section shall be deleted in its entirety and in its place it shall read “Intentionally Left Blank”. 

  

	 	12.	§2.4 This section shall be deleted in its entirety and in its place it shall read as follows: 

 Price. The price of the Products covered by this Agreement shall be as provided in Exhibit C, Product Schedule. 
  

	 	13.	§2.5 This section shall be deleted in its entirety and in its place it shall read “Intentionally Left Blank”. 

  

	 	14.	§2.6 This section shall be deleted in its entirety and in its place it shall read “Intentionally Left Blank”. 

  

	 	15.	§2.7 The second sentence shall be deleted and in its place it shall read as follows: 

 ExxonMobil shall have the right at anytime to designate the supply terminal. 
  

	 	16.	§2.11 The last sentence is deleted. 

  

 3 

	 	17.	§3.2 The following changes shall be made: 

  

	 	(a)	the first paragraph is deleted in its entirety; 

  

	 	(b)	the first sentence of the second paragraph is deleted in its entirety; and, 

  

	 	(c)	throughout the remainder of the section, “Mobil Gasoline” shall be replaced with “ExxonMobil Motor Fuels”. 

  

	 	18.	§3.4 The sentence, “In the event of any debranding of an Operator Branded Site, the Current Year Reference Volume shall be reduced by the Reference Volume allocated to
such debranded Operator Branded Site, on a prorated basis” shall be deleted. 

  

	 	19.	§6.2(c)(v) This section shall be deleted in its entirety. 

  

	 	20.	§10.5 The first sentence shall be deleted and the word “Gasoline” shall be replaced by “ExxonMobil Motor Fuels.” 

  

	 	21.	§16.1 The “Notice to” section shall be deleted and in its place shall read as follows: 

  

					
	 	  	 Notice to ExxonMobil:
	  	 Notice to Petro:

		  	ExxonMobil Oil Corporation	  	Petro Stopping Centers, L.P.
		  	3225 Gallows Road	  	6080 Surety Drive
		  	Fairfax, VA 22037	  	El Paso, TX 79905
		  	Attn: National Accounts Manager	  	Attn: President

 The remainder of the section shall remain intact. 
  

	 	22.	Exhibit A shall be deleted in its entirety. 

  

	 	23.	Exhibit B shall be deleted in its entirety and replaced with the attached Exhibit B. 

  

	 	24.	Exhibit C shall be deleted in its entirety and replaced with the attached Exhibit C. 

  

	 	25.	Exhibit D and its schedules shall be deleted and replaced with the attached Exhibit D. 

  

	 	26.	Schedule 1 to Exhibit D shall be replaced with the attached Schedule 1 to Exhibit D. 

  

 4 

 Except as expressly modified by this Amendment , the remaining provisions of the Agreement shall remain
in full force and effect. 
  

									
	EXXONMOBIL OIL CORPORATION	 		 	PETRO STOPPING CENTERS L.P.
					
	By:	 	/s/ James M. E. Mixter, Jr.	 		 	By:	 	/s/ J.A. Cardwell, Jr.
					
	Name:	 	James M. E. Mixter, Jr.	 		 	Name:	 	J.A. Cardwell, Jr.
					
	Its:	 	Attorney in Fact	 		 	Its:	 	President
					
	Date:	 	12/13/06	 		 	Date:	 	12/22/06

  

 5exv4w29

 

Exhibit 4.29

SUN MEDIA CORPORATION

10.50% Convertible Obligation (“Cancap”) due June 12, 2021

 

			
	CDN $120,000,000
	 	June 12, 2006

     FOR VALUE RECEIVED, the undersigned, SUN MEDIA CORPORATION, a company continued and existing
under the Business Corporations 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 120,000,000 Canadian Dollars (the “Face Amount”)
on June 12, 2021, with interests (“Coupon Payments”) on the unpaid balance thereof at the rate of
10.50% per annum from the date hereof. The Coupon Payments shall be payable (subject to Section 2
hereof) semi-annually on July 14 and January 14 of each year (the first Coupon Payment which shall
be of $1,104,657.53 and payable on July 14, 2006, and the last Coupon Payment which shall be of
$5,143,561.64 and payable on June 12, 2021), until the Face Amount hereof shall become due and
payable.

     This 10.50% Convertible Obligation due June 12, 2021 (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:

“Class F Preferred Shares” means 120,000 Class F Preferred Shares of the capital stock of the
Holder issued to and registered in the name of the Issuer or one of its subsidiaries;

“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(d) 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), 2(d) 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 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”)

1

 

of up to twelve (12) consecutive semi-annual periods; provided, however, that no Extension period may extend beyond June 12, 2021.

          (c) Automatic Payment Deferral. Notwithstanding any other provisions herein, the
Issuer shall have no obligation to make any payment becoming due and payable hereunder until the
Issuer is reasonably satisfied that it, or one of its subsidiaries, will concurrently receive a
corresponding capital or dividend payment under the Class F Preferred Shares.

          (d) 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 under the Cancap
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 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

-2-

 

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) 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 or shall have been cured.

     5. Ranking. The obligations of the Issuer under the Cancap shall be subordinated in
right of payment to the prior payment in full of all other existing and future senior indebtedness
of the Issuer. Except as permitted under such senior indebtedness, the holders of all other senior
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 June 11, 2021 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 on the Cancap into Shares at the
Conversion Price, the number of which Shares shall be determined by dividing the amount to be so converted by the
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

-3-

 

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 :

	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	If to the Issuer :
	 

	 	 	 	 	 	Sun Media Corporation
	 

	 	 	 	 	 	333 King Street East
	 

	 	 	 	 	 	Toronto (Ontario) M5A 3X5
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Attention : Nancy Rendle
	 

	 	 	 	 	 	Vice President and Corporate Controller
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Telecopier Number : (416) 947-3233
	 
	 	 	 	 	 	 
	 

	 	 	(2	)	 	If to the Holder :
	 

	 	 	 	 	 	Quebecor Media Inc.
	 

	 	 	 	 	 	612 St-Jacques Street
	 

	 	 	 	 	 	Montreal (Quebec) H3C 4M8
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Attention : Jean-François Pruneau
	 

	 	 	 	 	 	Treasurer
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Telecopier Number : (514) 380-1983

          (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.

-4-

 

          (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 Cancap 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.

          (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:  	/s/ Mark D’Souza
 	 	 
	 	Name: 	Mark D’Souza 	 	 
	 	Title:  	Vice President 	 	 

Holder

	 	 	 	 	 
	QUEBECOR MEDIA INC.

 	 	 
	By:  	/s/ Jean-François Pruneau
 	 	 
	 	Name: 	Jean-François Pruneau 	 	 
	 	Title:  	Treasurer 	 	 

-5-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]