Exhibit 99(b)(5)
FIRST AMENDMENT
Dated as of August 18, 1999 to the
$800,000,000
TERM LOAN
AND
NON-REVOLVING
CREDIT AGREEMENT
dated as of August 12, 1999
among
QUEBECOR PRINTING (USA) HOLDINGS INC.,
as Borrower,
IMPRIMERIES QUEBECOR INC. - QUEBECOR PRINTING INC.
and
QUEBECOR PRINTING HOLDING COMPANY,
as Guarantors,
THE FINANCIAL INSTITUTIONS NAMED IN THE SIGNATURE PAGES HERETO,
as Lenders,
ROYAL BANK OF CANADA,
as Lead Arranger and as Administrative Agent
and
BANC OF AMERICA SECURITIES BANK OF MONTREAL, CANADIAN IMPERIAL BANK OF
LLC, and COMMERCE,
as Arrangers and as Co-Syndication Agents
THIS FIRST AMENDMENT TO THE TERM LOAN AND NON-REVOLVING CREDIT AGREEMENT is made
as of August 18, 1999
AMONG QUEBECOR PRINTING (USA) HOLDINGS INC., a corporation incorporated
under the laws of the State of Delaware and having its registered
office in Wilmington, State of Delaware, U.S.A. ("US Holdings" or,
sometimes, the "Borrower" or a "Restricted Entity"),
IMPRIMERIES QUEBECOR INC. - QUEBECOR PRINTING INC., a corporation
incorporated under the laws of Canada and having its registered
office in Montreal, Province of Quebec, Canada ("QPI" or, sometimes,
a "Guarantor"),
QUEBECOR PRINTING HOLDING COMPANY, a corporation incorporated under
the laws of the State of Delaware and having its registered office
in Wilmington, State of Delaware, U.S.A. ("QPHC" or, sometimes, a
"Guarantor", a "Restricted Entity" or, together with QPI, the
"Guarantors"),
EACH OF THE FINANCIAL INSTITUTIONS NAMED on the signature pages
hereto,
ROYAL BANK OF CANADA, a Canadian chartered bank, (or any of its
affiliates) in its capacity as lead arranger of the Credit
Facilities (in such capacity, or any successor in such capacity, the
"Lead Arranger") and in its capacity as administrative agent for the
Lenders (in such capacity, or any successor in such capacity, the
"Administrative Agent"),
BANC OF AMERICA SECURITIES LLC, BANK OF MONTREAL and CANADIAN
IMPERIAL BANK OF COMMERCE (or any of their respective affiliates),
as co-arrangers of the Credit Facilities (in such capacity, or any
successor in such capacity, together with the Lead Arranger, the
"Arrangers"),
AND BANC OF AMERICA SECURITIES LLC, BANK OF MONTREAL and CANADIAN
IMPERIAL BANK OF COMMERCE (or any of their respective affiliates),
as co-syndication agents (in such capacity, or any successor in such
capacity, the "Co-Syndication Agents" and together with the
Administrative Agent, the "Agents").
WHEREAS the Borrower, the Guarantors, the Lenders and the Agents have entered
into a Term Loan and Non-Revolving Credit Agreement dated as of the 12th day of
August, 1999, pursuant to which certain credit facilities of up to a maximum
aggregate amount of $800,000,000 are to be made available to the Borrower (such
Credit Agreement being hereinafter called the "Existing
Agreement"); and
WHEREAS the Borrower has requested the Administrative Agent and the Lenders to
consent to certain amendments to the Existing Agreement as herein set forth;
THEREFORE, in consideration of the premises, the mutual covenants contained
herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
ARTICLE I
HEADINGS AND INTERPRETATION
Section 1.1 Headings
The headings of the Articles, Sections, Subsections or paragraphs herein are
inserted for convenience of reference only and shall not affect the construction
or interpretation of this Amendment.
Section 1.2 Interpretation
In this Amendment and in the recitals hereto, except as otherwise expressly
provided herein, words and expressions which are defined in the Existing
Agreement shall have the meanings when used herein and in the recitals hereto as
are ascribed to them in the Existing Agreement, as amended hereby, and the words
"this Amendment", shall refer to this First Amendment to the Existing Agreement.
ARTICLE II
AMENDMENTS
Section 2.1 Definitions
(a) The definition of "Minimum Number of Shares" in Section 1.1 of the Existing
Agreement is deleted and replaced by the following:
""Minimum Number of Shares" means the sum of (i) 19,018,152 Shares plus
(ii) 50% of the number of Shares (if any) issued on or after August 13,
1999 upon the exercise of any employee or directors stock options to
purchase Shares or related stock appreciation rights granted under any
stock option or stock purchase plan, program or arrangement of WCP or
otherwise;"
(b) The definition of "QPI Amendment" in Section 1.1 of the Existing Agreement
is amended by inserting the following at the end thereof in replacement of the
semi-colon: ", together with the Second Amending Agreement dated as of August
18, 1999, to the Existing QPI Facility;"
3
(c) The definition of "Restricted Entity" in Section 1.1 of the Existing
Agreement is amended by inserting the following at the end thereof in
replacement of the semi-colon:
"provided that on and after the Tender Offer Funding Date and prior to the
consummation of the Merger, WCP shall be deemed to be a Restricted Entity
and a Subsidiary of QPI for all purposes under this Agreement so long as
QPI directly or indirectly owns at least 50% plus one of the outstanding
Shares (and for purposes of this proviso, any conversion of the
Convertible Notes into Shares after the Expiration Date (as defined in the
Offer to Purchase) shall be disregarded);"
Section 2.2 Representations and Warranties
(a) The last sentence of Section 2.1.2 of the Existing Agreement is deleted and
replaced by the following:
"No Restricted Entity has outstanding any securities convertible in
Capital Stock (except, after the consummation of the Tender Offer and
prior to the consummation of the Merger, with respect to WCP, the
Convertible Notes) nor rights to subscribe or other agreements for the
subscription of Capital Stock that, if exercised or converted, would
change the Restricted Entity into a Non-Restricted Entity;"
(b) Section 2.1.19 of the Existing Agreement is amended by deleting the word
"and" at the end thereof.
(c) Section 2.1.20 of the Existing Agreement is amended by deleting the period
at the end thereof and inserting "; and" in replacement thereof.
(d) New Section 2.1.21 is added to the Existing Agreement as follows:
"2.1.21 Outstanding Shares: as of 12:00 Midnight, New York City time, on
August 12, 1999, there were 38,036,302 Shares outstanding."
(e) Section 2.2.10 of the Existing Agreement is amended by deleting the word
"and" at the end thereof.
(f) Section 2.2.11 of the Existing Agreement is amended by (i) deleting the date
"July 12, 1999" therefrom and inserting the phrase "the consummation of the
Tender Offer" in replacement thereof, (ii) deleting the section reference
"Section 2.5 of the Merger Agreement" therefrom and inserting "Section 2.6 of
the Merger Agreement" in replace thereof and (iii) deleting the period at the
end thereof and inserting "; and" in replacement thereof.
(g) New Section 2.2.12 is added to the Existing Agreement as follows:
"2.2.12 Control: on the Expiration Date (as defined in the Offer to
Purchase) and at
4
all times thereafter until the consummation of the Merger, QPI
will own directly or indirectly, or Acquisition Sub will have
accepted for payment and agreed to purchase pursuant to the
Offer to Purchase, at least 50% plus one of the Shares then
outstanding provided that for purposes of this Section 2.2.12,
any conversion of the Convertible Notes into Shares after such
Expiration Date shall be disregarded."
(h) Section 2.3.2 of the Existing Agreement is deleted and replaced by the
following:
"2.3.2 Merger Approval: the Merger Agreement has been approved by the
minimum number of Shares necessary to approve the consummation
of the Merger in accordance with the provisions of any
applicable corporate statute, anti-takeover statute or provision
in WCP's certificate of incorporation, by-laws or other
constituent document or other applicable legal requirement, at a
meeting of WCP's stockholders duly called and held prior to the
Merger Date;"
Section 2.3 Affirmative Covenants
Section 11.1.18 of the Existing Agreement is deleted and replaced by the
following:
"11.1.18 Merger : on and after the Tender Offer Funding Date, it will (i)
cause WCP to continue to be a Restricted Entity at all times
prior to the consummation of the Merger and (ii) subject to
Section 14.1.11, cause the consummation of the Merger in
accordance with the Merger Agreement and all Applicable Law as
promptly as practicable;"
Section 2.4 Events of Default
(a) Section 14.1.9 of the Existing Agreement is amended by deleting the word
"or" at the end thereof.
(b) Section 14.1.10 of the Existing Agreement is amended by deleting the period
at the end thereof and inserting "; or" in replacement thereof.
(c) New Section 14.1.11 is added to the Existing Agreement as follows:
"14.1.11 Merger : the Merger Date shall not occur on or before the date
that is 120 days after the Tender Offer Funding Date, but such
event shall constitute an Event of Default only if, at any time
during the period from the Expiration Date (as defined in the
Offer to Purchase) until the consummation of the Merger, QPI
shall not directly or indirectly own at least 50% plus one of the
outstanding Shares."
Section 2.5 Schedules
5
(a) Schedule 2.1.2 to the Existing Agreement is amended by replacing those
certain pages therein in their entirety with the pages for such Schedule
attached hereto.
(b) All references to the Existing Agreement in Schedules 10.1.1.14-A,
10.1.1.14-B, 10.1.1.14-C, 10.1.1.15-A and 10.1.1.15-B shall be amended to be
references to the Existing Agreement, as amended by this Amendment.
ARTICLE III
EXTENT OF AMENDMENTS
The amendments set forth herein are limited precisely as written and shall not
be deemed to (i) be a consent to any amendment or modification of any of the
other terms or conditions of the Existing Agreement or (ii) prejudice any other
rights that the Administrative Agent or the Lenders may now have or may have in
the future under or in connection with the Existing Agreement.
ARTICLE IV
DECLARATORY AND INTERPRETATIVE PROVISIONS
All notices, requests, certificates and other instruments executed and delivered
after the Effective Date (as defined below) of this Amendment may refer to the
Existing Agreement without making specific references to this Amendment, but
nevertheless all such references shall include this Amendment unless the context
requires otherwise.
This Amendment shall be construed in connection with and as part of the Existing
Agreement and all terms, conditions, representations, warranties, covenants and
agreements set forth in the Existing Agreement, except as herein modified, are
hereby ratified and confirmed and shall remain in full force and effect.
ARTICLE V
CERTIFICATIONS
Each Loan Party certifies to the Administrative Agent, the other Agents and each
Lender that on and as of the date hereof and immediately after giving effect to
this Amendment:
(a) each of the representations and warranties heretofore made by such
Loan Party in any Loan Document are true, correct and complete in
all material respects as if made on and as of such date; and
(b) no Default or Event of Default has occurred and is continuing.
ARTICLE VI
6
EFFECTIVE DATE
This Amendment will become effective on the day (the "Effective Date") that the
Administrative Agent shall have received this Amendment executed by all of the
parties hereto.
ARTICLE VII
COUNTERPARTS
This Amendment may be executed in any number of counterparts, each of which when
executed and delivered is an original but all of which taken together constitute
one and the same instrument; any party may execute this Amendment by signing any
counterpart of it and may communicate such signing by telecopier or otherwise.
ARTICLE VIII
CONTINUANCE OF EXISTING GUARANTEES
Each Guarantor acknowledges having taken cognizance of the foregoing and
recognizes and confirms that (a) its Loan Party Guarantee continues in full
force and effect notwithstanding the amendments made to the Existing Agreement
contained herein and (b) the indebtedness, liabilities and obligations of the
Borrower under the Existing Agreement, as amended by this Amendment, constitute
indebtedness, liabilities and obligations guaranteed under such Loan Party
Guarantee.
ARTICLE IX
GOVERNING LAW
The parties agree that this Amendment is conclusively deemed to be made under,
and for all purposes to be governed by and construed in accordance with, the
laws of the State of New York.
IN WITNESS WHEREOF the parties hereto have caused this Amendment to be duly
executed as of the 18th day of August, 1999.
7
QUEBECOR PRINTING (USA) HOLDINGS INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Senior Vice President,
Finance Administration and
Treasurer
IMPRIMERIES QUEBECOR INC. - QUEBECOR
PRINTING INC.
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Executive Vice-President,
Chief Administrative Officer
and Chief Financial Officer
By: /s/ ▇▇▇▇ ▇. ▇'▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇'▇▇▇▇▇
Title: Vice-President and Treasurer
QUEBECOR PRINTING HOLDING COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Senior Vice President,
Finance Administration and
Treasurer
ROYAL BANK OF CANADA
(as Administrative Agent and Lead
Arranger)
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Manager, Global Syndications
ROYAL BANK OF CANADA
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Senior Manager
BANC OF AMERICA SECURITIES LLC
(as Arranger and Co-Syndication Agent)
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇
Title: Managing Director
BANK OF AMERICA, N.A.
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇
Name: ▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇
Title: Vice President
BANK OF MONTREAL
(as Arranger, Co-Syndication Agent and
Facility A and Facility B Lender)
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Managing Director
CANADIAN IMPERIAL BANK OF COMMERCE
(as Arranger and Co-Syndication Agent)
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Executive Director
By: /s/ Lucie Sabaz
Name: Lucie Sabaz
Title: Director
CANADIAN IMPERIAL BANK OF COMMERCE, NEW
YORK AGENCY
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Executive Director
CIBC World Markets Corp.,
AS AGENT
ABN AMRO BANK N.V.
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Title: Vice President
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
BANQUE NATIONALE DE PARIS, DUBLIN BRANCH
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇
Name: ▇▇▇▇▇ ▇. ▇▇▇▇
Title: Vice President and Deputy
Manager
Corporate Banking
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Vice President
Corporate Banking
CITIBANK, N.A.
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Vice President
NATIONAL BANK OF CANADA,
NEW YORK BRANCH
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇
Title: Assistant, Vice President
By: /s/ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇ ▇▇ ▇▇▇▇▇▇
Title: Vice President and Manager
Cross Border Financing Group
TORONTO DOMINION (TEXAS), INC.
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
THE BANK OF NOVA SCOTIA
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Unit Head
WESTDEUTSCHE LANDESBANK GIROZENTRALE,
NEW YORK BRANCH
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Managing Director
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: Associate
CREDIT SUISSE FIRST BOSTON
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
Title: Assistant Vice President
LEONIA BANK PLC,
NEW YORK BRANCH
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: General Manager
By: /s/ Ari Kaarakainen
Name: Ari Kaarakainen
Title: Vice President
BANCA COMMERCIALE ITALIANA, NEW YORK
BRANCH
(as Facility A and Facility B Lender)
By: /s/ ▇. ▇▇▇▇▇▇▇▇▇
Name: ▇. ▇▇▇▇▇▇▇▇▇
Title: Vice President
By: /s/ ▇. ▇▇▇▇▇▇▇
Name: ▇. ▇▇▇▇▇▇▇
Title: FVP/Deputy Manager
THE BANK OF TOKYO-MITSUBISHI, LTD., NEW
YORK BRANCH
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Attorney-in fact
WACHOVIA BANK, N.A.
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Title: Vice President
▇▇▇▇▇▇ BANK PLC,
NEW YORK BRANCH
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇ ▇▇▇▇▇▇▇
Name: ▇▇▇ ▇▇▇▇▇▇▇
Title: Vice President
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Vice President
FIRST AMERICAN NATIONAL BANK
(as Facility A and Facility B Lender)
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇
Name: ▇▇▇▇ ▇▇▇▇▇▇
Title: Corporate Bank Officer
AMENDED PAGES TO SCHEDULE 2.1.2
LIST OF SUBSIDIARIES
TO EXISTING AGREEMENT
==================================================================================================================
NAME JURISDICTION OF NUMBER OF NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION AUTHORIZED CAPITAL STOCK STATED VALUE CAPITAL STOCK
CAPITAL STOCK
==================================================================================================================
CANADA
------------------------------------------------------------------------------------------------------------------
Graphicor Transport Canadian Federal -unlimited number -100 common No par value -100% to Quebecor
Inc. Corporation of common shares Printing Inc.
Province of shares
Ontario, Canada
------------------------------------------------------------------------------------------------------------------
Quebecor ▇▇▇▇▇▇▇ Canadian Federal -unlimited number -100 common No par value -51% to Quebecor
Canada Inc. Corporation of common shares Printing Inc.
Province of shares -49% to ▇▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇ Corporation, Canada
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Province of -unlimited number -12,000,000 No par value -95% to Quebecor
MIL Inc. Ontario, Canada of common common shares Printing Inc.
shares -5% to ▇▇▇▇▇ ▇▇▇▇
-unlimited number
of preference
shares
------------------------------------------------------------------------------------------------------------------
3034143 Canada Canadian Federal -unlimited number -200 class A No par value -100% to Quebecor
Inc.(1) Corporation of: Printing Inc.
Province of . class A
Quebec, Canada . class B
. class C
. class D
. class E
. class F
. class G
------------------------------------------------------------------------------------------------------------------
3109640 Canada Canadian Federal -unlimited number -61,646 class A No par value -100% to Quebecor
Inc.(1) Corporation of: Printing Inc.
Province of . class A
Quebec, Canada . class B
. class C
. class D
. class E
. class F
. class G
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Canadian Federal -unlimited number -100 common No par value -100% to Quebecor
Graphica Inc. Corporation of common shares shares Printing Inc.
Province of
Quebec, Canada
==================================================================================================================
----------
(1) Dissolved and liquidated into Quebecor Printing Inc.
TERM LOAN SCHEDULES Schedule 2.1.2 - Page 2
==================================================================================================================
NAME JURISDICTION OF NUMBER OF NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION AUTHORIZED CAPITAL STOCK STATED VALUE CAPITAL STOCK
CAPITAL STOCK
==================================================================================================================
EUROPE
------------------------------------------------------------------------------------------------------------------
Inter Brochage ▇.▇. ▇▇▇▇▇, France -146,000 common -146,000 common FF 100 par -145,994 to
shares shares value Imprimeries
Quebecor Europe,
S.A.
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇-▇▇▇▇▇▇▇▇ ▇▇▇▇
-1 to ▇▇▇▇▇ ▇▇▇▇
-1 to ▇▇▇▇▇▇ Pouzoulet
-1 to ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
Interval S.A. Bobigny, France -261,112 common -261,112 common FF 100 par -149,996 to
shares shares value Imprimeries
Quebecor Europe,
S.A.
-50,001 to SA Produits
Alibel
-49,999 to ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇
-5,557 to ▇▇▇▇▇▇
Pouzoulet
-5,556 to ▇▇▇▇▇ ▇▇▇▇▇▇
Pouzoulet
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇▇
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
Inter Routage S.A. Bobigny, France -21,000 common -21,000 common FF 100 par -20,993 to Interval
shares shares value S.A.
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇-▇▇▇▇▇▇▇▇
▇▇▇▇
-1 to Imprimeries
Quebecor Europe,
S.A.
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
-▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
-▇ to ▇▇▇▇▇▇ Pouzoulet
==================================================================================================================
TERM LOAN SCHEDULES Schedule 2.1.2 - Page 21
==================================================================================================================
NAME JURISDICTION OF NUMBER OF NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION AUTHORIZED CAPITAL STOCK STATED VALUE CAPITAL STOCK
CAPITAL STOCK
==================================================================================================================
EUROPE
------------------------------------------------------------------------------------------------------------------
Francor S.A. Nanterre, France -1,600,000 common -1,600,000 FF 100 par -1,599,994 to
shares common shares value Imprimeries
Quebecor Europe,
S.A.
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇-▇▇▇▇▇▇▇▇
▇▇▇▇
-1 to Imprimeries
Didier-Quebecor S.A.
-1 to ▇▇▇▇ ▇▇▇▇▇
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
-▇ to ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
Torcy Quebecor ▇.▇. ▇▇▇▇▇, France -702,500 common -702,500 common FF 100 par -702,494 to
shares shares value Imprimeries
Quebecor Europe,
S.A.
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
-▇ to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇-▇▇▇▇▇▇▇▇
▇▇▇▇
-1 to ▇▇▇▇▇ ▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
La Loupe Quebecor Paris, France -152,500 common -152,500 common FF 100 par -152,494 to
S.A. shares shares value Imprimeries
Quebecor Europe,
S.A.
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
-▇ to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇-▇▇▇▇▇▇▇▇
▇▇▇▇
-1 to ▇▇▇▇▇ ▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
Brochage Routage Meaux, France -152,500 common -152,500 common FF 100 par -152,494 to
Quebecor S.A. shares shares value Imprimeries
Quebecor Europe,
S.A.
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇-▇▇▇▇▇▇▇▇
▇▇▇▇
-1 to ▇▇▇▇▇ ▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
==================================================================================================================
TERM LOAN SCHEDULES Schedule 2.1.2 - Page 21
==================================================================================================================
NAME JURISDICTION OF NUMBER OF NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION AUTHORIZED CAPITAL STOCK STATED VALUE CAPITAL STOCK
CAPITAL STOCK
==================================================================================================================
EUROPE
------------------------------------------------------------------------------------------------------------------
Imprimerie Blois Blois, France -202,500 common -202,500 common FF 100 par -202,494 to
Quebecor, S.A. shares shares value Imprimeries
Quebecor Europe,
S.A.
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇-▇▇▇▇▇▇▇▇
▇▇▇▇
-1 to ▇▇▇▇▇ ▇▇▇▇
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
-▇ to ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
Quebecor Numeric S.A. Nanterre, France -10,000 common -10,000 common FF 100 par -9,994 to Imprimeries
shares shares value Quebecor Europe,
S.A.
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇-▇▇▇▇▇▇▇▇
▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇▇▇
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
-▇ to ▇▇▇▇▇▇ ▇▇▇▇
-1 to ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
Imprimeries Meaux, France -571,250 common -571,250 common FF 100 par -571,244 to
Didier-Quebecor S.A. shares shares value Imprimeries
Quebecor Europe,
S.A.
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇-▇▇▇▇▇▇▇▇
▇▇▇▇
-1 to ▇▇▇▇▇ ▇▇▇▇
-1 to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇
-1 to ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
Heliogravure Lille, France -10,000 common -10,000 common FF 100 par -9,994 to Imprimeries
Didier-Quebecor S.A. shares shares value Didier-Quebecor S.A.
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇▇ ▇▇▇▇
-1 to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-1 to Imprimeries
Quebecor Europe,
S.A.
-1 to ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
==================================================================================================================
TERM LOAN SCHEDULES Schedule 2.1.2 - Page 21
==================================================================================================================
NAME JURISDICTION OF NUMBER OF NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION AUTHORIZED CAPITAL STOCK STATED VALUE CAPITAL STOCK
CAPITAL STOCK
==================================================================================================================
EUROPE
------------------------------------------------------------------------------------------------------------------
Imprimerie Strasbourg, -385,000 common -385,000 common FF 100 par -384,994 to
Alsacienne France shares shares value Imprimeries
Didier-Quebecor ▇.▇. ▇▇▇▇▇▇-Quebecor S.A.
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇▇ ▇▇▇▇
-1 to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-1 to Imprimeries
Quebecor Europe,
S.A.
-1 to ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
Imprimerie Quebecor Nanterre, France -2,500 common -2,500 common FF 100 par -2,494 to Imprimeries
Paris S.A. shares shares value Quebecor Europe,
S.A.
-1 to ▇▇▇▇-▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
-1 to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
-1 to ▇▇▇▇ ▇▇▇▇▇
-1 to Pierre ▇▇▇▇
▇▇▇▇▇▇▇▇
-▇ to ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇
------------------------------------------------------------------------------------------------------------------
Imprimerie Quebecor Meaux, France -Brochage Routage
Services, G.I.E. Quebecor S.A.
-Heliogravure Didier
Quebecor S.A.
-Imprimerie
Fecomme-Quebecor
S.A.
-Imprimerie Alsacienne
Didier-Quebecor
S.A.
-Imprimerie Blois
Quebecor S.A.
-Imprimeries
Didier-Quebecor
S.A.
-La Loupe Quebecor S.A.
-Torcy Quebecor S.A.
==================================================================================================================
TERM LOAN SCHEDULES Schedule 2.1.2 - Page 21
==================================================================================================================
NAME JURISDICTION OF NUMBER OF NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION AUTHORIZED CAPITAL STOCK STATED VALUE CAPITAL STOCK
CAPITAL STOCK
▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇ OF AMERICA
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -99% Limited -99% to Quebecor
Dallas, L.P. (Limited Partnership Printing Nevada Inc.
Partnership) (L.P.) -1% to Quebecor
-1% General Printing ▇▇▇▇▇▇ ▇▇
Partnership Inc.
(G.P.)
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common -1,000 common $1 par value -100% to Quebecor
▇▇▇▇▇▇ ▇▇ Inc. shares shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA - 50% to Quebecor
Delaware LLC Printing Nova Scotia
ULC
- 50% to Quebecor
Capital GP
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Tennessee, USA -2,000 common -1,000 common No par value -100% to Quebecor
▇▇▇▇▇▇▇ Inc.(2) shares shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -99% Limited $1 par value -99% to Quebecor
▇▇▇▇▇▇▇, ▇.▇.(2) (Limited Partnership Printing Dickson II
Partnership) (L.P.) Inc.
-1% General -1% to Quebecor
Partnership Printing Dickson
(G.P.) Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common -1,000 common $1 par value -100% to Quebecor
Dickson II Inc. shares shares Printing Dickson
Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -1,000 common -1,000 common $1 par value -100% to Quebecor
Directory Sales Corp. shares shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common -1,000 common $1 par value -100% to Quebecor
Dubuque Inc. shares shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Missouri, USA -100,000 common -95,000 common $1 par value -100% to Quebecor
Eagle Inc. shares shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Massachusetts, -250 Series A -235 Series A No par value -100% to Quebecor
▇▇▇▇▇ Press Inc. USA common shares common shares Printing (USA)
Holdings Inc.
-250 Series B -239 Series B No par value
common shares common shares -100% to Quebecor
Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -1,000 common -1,000 common $1 par value -100% to Arcata
Fairfield Inc. shares shares Corporation
==================================================================================================================
----------
2. To be amalgamated as Quebecor Printing ▇▇▇▇▇▇▇ Inc.
TERM LOAN SCHEDULES Schedule 2.1.2 - Page 21
==================================================================================================================
NAME JURISDICTION OF NUMBER OF NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION AUTHORIZED CAPITAL STOCK STATED VALUE CAPITAL STOCK
CAPITAL STOCK
▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇ OF AMERICA
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Rhode Island, USA -unlimited common -209 common $0.01 par -100% to Quebecor
Federated Inc. shares shares value Printing (USA)
Holdings Inc.
Quebecor Printing California, USA -25,000 common -1,000 common $1 par value -100% to Arcata
▇▇▇▇▇▇▇▇ Inc. shares shares Corporation
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -2,000 common -l0 common shares $1 par value -100% to Quebecor
Holding Company shares Printing Inc.
-1,000 Preferred No par value
Stock
------------------------------------------------------------------------------------------------------------------
Holyoke Lithograph Massachusetts, -15,000 common -510 common No par value -100% to Quebecor
Co., Inc. USA shares shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Pennsylvania, USA -100,000 common -1,100 common $1 par value -100% to Quebecor
Hazleton Inc. shares shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
▇▇▇▇ ▇. ▇▇▇▇▇▇ Delaware, USA -3,000 common -1,000 common $1 par value -100% to Quebecor
Company Inc.(3) shares shares Printing Kingsport
Inc.
------------------------------------------------------------------------------------------------------------------
▇▇▇▇ ▇. ▇▇▇▇▇▇ Delaware, USA -3,000 common -1,000 common $1 par value -100% to ▇▇▇▇ ▇.
Company II Inc. shares shares ▇▇▇▇▇▇ Company Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing California, USA -25,000 common -1,000 common $1 par value -100% to Arcata
Kingsport Inc.(3),(4) shares shares Corporation
------------------------------------------------------------------------------------------------------------------
Quebecor List Delaware, USA -3,000 common -100 common No par value -100% to Quebecor
Services Chicago Inc. shares shares Printing (USA)
Holdings Inc.
==================================================================================================================
----------
3. To be amalgamated as Quebecor Printing Kingsport Inc.
4. To be amalgamated as Quebecor Printing Kingsport Inc.
TERM LOAN SCHEDULES Schedule 2.1.2 - Page 21
==================================================================================================================
NAME JURISDICTION OF NUMBER OF NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION AUTHORIZED CAPITAL STOCK STATED VALUE CAPITAL STOCK
CAPITAL STOCK
▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇ OF AMERICA
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -99% Limited -99% to ▇▇▇▇ ▇. ▇▇▇▇▇▇
Kingsport, L.P.(4) (Limited Partnership Company Inc.
Partnership) (L.P.) -1% to Quebecor
-1% General Printing Kingsport
Partnership Inc.-
(G.P.)
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common -10 common shares $1 par value -100% to Quebecor
Lincoln Inc. shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common -3,000 common $1 par value -100% to Quebecor
Loveland Inc. shares shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -1,000 common -1,000 common $0.01 par -100% to Quebecor
Memphis Inc. shares shares value Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common -1,000 common $1 par value -100% to Quebecor
Memphis II Inc. shares shares Printing Memphis
Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -99% Limited -99% to Quebecor
Memphis, L.P.(5) (Limited Partnership Printing Memphis
Partnership) (L.P.) Inc.
-1% General -1% to Quebecor
Partnership Printing ▇▇▇▇▇▇▇
(G.P.) Inc.
------------------------------------------------------------------------------------------------------------------
QP Memphis Corp.(5) Delaware, USA -3,000 common -1,000 common $1 par value -99% to Quebecor
Stock Stock Printing Memphis
Inc.
-1% to Quebecor
Printing ▇▇▇▇▇▇▇
Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common -1,000 common $1 par value -100% to Quebecor
Mt. ▇▇▇▇▇▇ ▇▇ Inc. shares shares Printing Memphis
Inc.
------------------------------------------------------------------------------------------------------------------
National Magazine Illinois, USA -200 common shares -1 common share $5 par value -100% to Quebecor
Mailers, Inc. Printing Mt.▇▇▇▇▇▇
▇▇ Inc.
------------------------------------------------------------------------------------------------------------------
Nova Marketing Missouri, USA -30,000 common -1 common share $1 par value -100% to Quebecor
Services, Inc. shares Printing ▇▇▇▇▇▇ Inc.
------------------------------------------------------------------------------------------------------------------
Quebecor Printing Nevada, USA -5,000 common -1,000 common $1 par value -100% to Quebecor
Nevada Inc. shares shares Printing (USA)
Holdings Inc.
------------------------------------------------------------------------------------------------------------------
Q.P. New York Corp. Delaware, USA -3,000 common -1,000 common $1 par value -100% to Quebecor
shares shares Printing Buffalo
Inc.
==================================================================================================================
----------
5. To be amalgamated as QP Memphis Corp.
TERM LOAN SCHEDULES Schedule 2.1.2 - Page 21
