Exhibit 99(b)(4)
FIRST AMENDMENT
Dated as of August 18, 1999 to the
$450,000,000
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 BANK OF MONTREAL, CANADIAN IMPERIAL
SECURITIES LLC, and BANK OF COMMERCE,
as Arrangers and as Co-Syndication Agents
THIS FIRST AMENDMENT TO THE 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 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 $450,000,000 are to be made available to the Borrower (such Credit Agreement
being hereinafter called the "Existing Agreement");
REVOLVING FIRST AMENDMENT
2
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;"
REVOLVING FIRST AMENDMENT
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);"
(d) The definition of "Tender Offer Funding Date" 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, for purposes of Sections 2.2, 4.4, 10.1.1.1A, 10.1.1.4A,
11.2.9 and 14.1.8(c), "Tender Offer Funding Date" means the Drawdown Date
of the initial Borrowing;"
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
REVOLVING FIRST AMENDMENT
4
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 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
REVOLVING FIRST AMENDMENT
5
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
(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
REVOLVING FIRST AMENDMENT
6
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
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.
REVOLVING FIRST AMENDMENT
7
QUEBECOR PRINTING (USA) HOLDINGS INC.
By: /s/ Xxxxxxx X. Xxxxx
-----------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Senior Vice President,
Finance Administration and
Treasurer
TERM LOAN AMENDMENT
IMPRIMERIES QUEBECOR INC. -
QUEBECOR PRINTING INC.
By: /s/ Xxxxxxxxx X. Xxxxx
-----------------------------------
Name: Xxxxxxxxx X. Xxxxx
Title: Executive Vice-President,
Chief Administrative Officer
and Chief Financial Officer
By: /s/ Xxxx X. X'Xxxxx
-----------------------------------
Name: Xxxx X. X'Xxxxx
Title: Vice-President and Treasurer
TERM LOAN AMENDMENT
QUEBECOR PRINTING HOLDING COMPANY
By: /s/ Xxxxxxx X. Xxxxx
-----------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Senior Vice President,
Finance Administration and
Treasurer
TERM LOAN AMENDMENT
ROYAL BANK OF CANADA
(as Administrative Agent and Lead
Arranger)
By: /s/ Xxxxxxx Xxxxxx
-----------------------------------
Name: Xxxxxxx Xxxxxx
Title: Manager, Global Syndications
TERM LOAN AMENDMENT
ROYAL BANK OF CANADA
(as Lender)
By: /s/ Xxxxxx X. Xxxxxxxxx
-----------------------------------
Name: Xxxxxx X. Xxxxxxxxx
Title: Senior Manager
TERM LOAN AMENDMENT
BANC OF AMERICA SECURITIES LLC
(as Arranger and Co-Syndication Agent)
By: /s/ Xxxx X. Xxxxx
-----------------------------------
Name: Xxxx X. Xxxxx
Title: Managing Director
TERM LOAN AMENDMENT
BANK OF AMERICA, N.A.
(as Lender)
By: /s/ Xxxxxxxxxx X. Xx
-----------------------------------
Name: Xxxxxxxxxx X. Xx
Title: Vice President
TERM LOAN AMENDMENT
BANK OF MONTREAL
(as Arranger, Co-Syndication Agent and
Lender)
By: /s/ Xxxx Xxxxxxx
-----------------------------------
Name: Xxxx Xxxxxxx
Title: Managing Director
TERM LOAN AMENDMENT
CANADIAN IMPERIAL BANK OF COMMERCE
(as Arranger and Co-Syndication Agent)
By: /s/ Xxxxxxx Xxxxxxx
-----------------------------------
Name: Xxxxxxx Xxxxxxx
Title: Executive Director
By: /s/ Lucie Sabaz
-----------------------------------
Name: Lucie Sabaz
Title: Director
TERM LOAN AMENDMENT
CANADIAN IMPERIAL BANK OF COMMERCE,
NEW YORK AGENCY
(as Lender)
By: /s/ Xxxxxx Xxxxxx
-----------------------------------
Name: Xxxxxx Xxxxxx
Title: Executive Director
CIBC World Markets Corp., AS AGENT
TERM LOAN AMENDMENT
ABN AMRO BANK N.V.
(as Lender)
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Vice President
By: /s/ Xxxxxxx Xxxxxx
-----------------------------------
Name: Xxxxxxx Xxxxxx
Title: Vice President
TERM LOAN AMENDMENT
BANQUE NATIONALE DE PARIS,
DUBLIN BRANCH
(as Lender)
By: /s/ Xxxxx X. Xxxx
-----------------------------------
Name: Xxxxx X. Xxxx
Title: Vice President & Deputy
Manager Corporate Banking
By: /s/ Xxxxxx Xxxxxxxx
-----------------------------------
Name: Xxxxxx Xxxxxxxx
Title: Vice President
Corporate Banking
Dated this 19th of August, 1999
TERM LOAN AMENDMENT
CITIBANK, N.A.
(as Lender)
By: /s/ Xxxxxxxx Xxxxxxxxx
-----------------------------------
Name: Xxxxxxxx Xxxxxxxxx
Title: Vice President
TERM LOAN AMENDMENT
NATIONAL BANK OF CANADA,
NEW YORK BRANCH
(as Lender)
By: /s/ Xxxxxxx Xxxxx
-----------------------------------
Name: Xxxxxxx Xxxxx
Title: Assistant Vice President
By: /s/ Xxxx XxXxxxxx
-----------------------------------
Name: Xxxx XxXxxxxx
Title: Vice President and Manager
Cross Border Financing Group
TERM LOAN AMENDMENT
TORONTO DOMINION (TEXAS), INC.
(as Lender)
By: /s/ Xxxxx Xxxxxx
-----------------------------------
Name: Xxxxx Xxxxxx
Title: Vice President
TERM LOAN AMENDMENT
THE BANK OF NOVA SCOTIA
(as Lender)
By: /s/ Xxxx X. Xxxxxxxx
-----------------------------------
Name: Xxxx X. Xxxxxxxx
Title: Unit Head
TERM LOAN AMENDMENT
WESTDEUTSCHE LANDESBANK
GIROZENTRALE, NEW YORK BRANCH
(as Lender)
By: /s/ Xxxxxxx X. Xxxxxx
-----------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Managing Director
By: /s/ Xxxxxxxxx X. Xxxxx
-----------------------------------
Name: Xxxxxxxxx X. Xxxxx
Title: Associate
TERM LOAN AMENDMENT
CREDIT SUISSE FIRST BOSTON
(as Lender)
By: /s/ Xxxxx Xxxxxx
-----------------------------------
Name: Xxxxx Xxxxxx
Title: Vice President
By: /s/ Xxxxxxxx X. Xxxxxxxxxxx
-----------------------------------
Name: Xxxxxxxx X. Xxxxxxxxxxx
Title: Assistant Vice President
TERM LOAN AMENDMENT
LEONIA BANK PLC,
NEW YORK BRANCH
(as Lender)
By: /s/ Xxxxx Xxxxxxxxxx
-----------------------------------
Name: Xxxxx Xxxxxxxxxx
Title: General Manager
By: /s/ Ari Kaarakainen
-----------------------------------
Name: Ari Kaarakainen
Title: Vice President
TERM LOAN AMENDMENT
BANCA COMMERCIALE ITALIANA,
NEW YORK BRANCH
(as Lender)
By: /s/ X. Xxxxxxxxx
-----------------------------------
Name: X. Xxxxxxxxx, VP
Title:
By: /s/ X. Xxxxxxx
-----------------------------------
Name: X. Xxxxxxx
Title: FVP/Deputy Manager
TERM LOAN AMENDMENT
THE BANK OF TOKYO-MITSUBISHI,
LTD., NEW YORK BRANCH
(as Lender)
By: /s/ Xxxxxxxxx Xxxxxx
-----------------------------------
Name: Xxxxxxxxx Xxxxxx
Title: Attorney-in-Fact
TERM LOAN AMENDMENT
WACHOVIA BANK, N.A.
(as Lender)
By: /s/ Xxxxxxx X. Xxxxxxxxxx
-----------------------------------
Name: Xxxxxxx X. Xxxxxxxxxx
Title: Vice President
TERM LOAN AMENDMENT
XXXXXX BANK PLC,
NEW YORK BRANCH
(as Lender)
By: /s/ Xxx Xxxxxxx
-----------------------------------
Name: Xxx Xxxxxxx
Title: Vice President
By: /s/ Xxxxxxx Xxxxxx
-----------------------------------
Name: Xxxxxxx Xxxxxx
Title: Vice President
TERM LOAN AMENDMENT
FIRST AMERICAN NATIONAL BANK
(as Lender)
By: /s/ Xxxx Xxxxxx
-----------------------------------
Name: Xxxx Xxxxxx
Title: Corporate Bank Officer
TERM LOAN AMENDMENT
AMENDED PAGES TO SCHEDULE 2.1.2
LIST OF SUBSIDIARIES
TO EXISTING AGREEMENT
TERM LOAN AMENDMENT
====================================================================================================================================
NAME JURISDICTION OF NUMBER OF AUTHORIZED NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION CAPITAL STOCK CAPITAL STOCK STATED VALUE CAPITAL STOCK
====================================================================================================================================
CANADA
====================================================================================================================================
Graphicor Transport Inc. Canadian Federal -unlimited number of -100 common shares No par value -100% to Quebecor Printing
Corporation common shares Inc.
Province of Ontario,
Canada
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Xxxxxxx Canada Canadian Federal -unlimited number of -100 common shares No par value -51% to Quebecor Printing
Inc. Corporation common shares Inc.
Province of Quebec, -49% to Xxxxxxx
Canada Corporation, Canada
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing MIL Province of Ontario, -unlimited number of -12,000,000 common No par value -95% to Quebecor Printing
Inc. Canada common shares shares Inc.
-unlimited number of -5% to Xxxxx Xxxx
preference shares
------------------------------------------------------------------------------------------------------------------------------------
3034143 Canada Inc.(1) Canadian Federal -unlimited number -200 class A No par value -100% to Quebecor Printing
Corporation of: Inc.
Province of Quebec, . class A
Canada . class B
. class C
. class D
. class E
. class F
. class G
------------------------------------------------------------------------------------------------------------------------------------
3109640 Canada Inc.(1) Canadian Federal -unlimited number -61,646 class A No par value -100% to Quebecor Printing
Corporation of: Inc.
Province of Quebec, . class A
Canada . class B
. class C
. class D
. class E
. class F
. class G
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Canadian Federal -unlimited number of -100 common shares No par value -100% to Quebecor Printing
Graphica Inc. Corporation common shares Inc.
Province xx Xxxxxx,
Xxxxxx
====================================================================================================================================
----------
(1) Dissolved and liquidated into Quebecor Printing Inc.
REVOLVING CREDIT SCHEDULES Schedule 2.1.2 - Page 2
====================================================================================================================================
NAME JURISDICTION OF NUMBER OF AUTHORIZED NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION CAPITAL STOCK CAPITAL STOCK STATED VALUE CAPITAL STOCK
====================================================================================================================================
EUROPE
------------------------------------------------------------------------------------------------------------------------------------
Inter Brochage X.X. Xxxxx, France -146,000 common -146,000 common FF 100 par -145,994 to Imprimeries
shares shares value Quebecor Europe, S.A.
-1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxx Xxxxxxxx
-1 to Xxxx-Xxxxxxxx Xxxx
-1 to Xxxxx Xxxx
-1 to Xxxxxx Pouzoulet
-1 to Xxxxxx X. Xxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
Interval S.A. Bobigny, France -261,112 common -261,112 common FF 100 par -149,996 to Imprimeries
shares shares value Quebecor Europe, S.A.
-50,001 to SA Produits
Alibel
-49,999 to Xxxxxxxx
Xxxxxxxx
-5,557 to Xxxxxx Pouzoulet
-5,556 to Xxxxx Xxxxxx
Pouzoulet
-1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxx Xxxxxxxx
-1 to Pierre Xxxx Xxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
Inter Routage S.A. Bobigny, France -21,000 common shares -21,000 common FF 100 par -20,993 to Interval S.A.
shares value -1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxx Xxxxxxxx
-1 to Xxxx-Xxxxxxxx Xxxx
-1 to Imprimeries Quebecor
Europe, S.A.
-1 to Pierre Xxxx Xxxxxxxx
-0 to Xxxxxxxx Xxxxxxxx
-1 to Xxxxxx Pouzoulet
====================================================================================================================================
REVOLVING CREDIT SCHEDULES Schedule 2.1.2 - Page 34
====================================================================================================================================
NAME JURISDICTION OF NUMBER OF AUTHORIZED NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION CAPITAL STOCK CAPITAL STOCK STATED VALUE CAPITAL STOCK
====================================================================================================================================
EUROPE
------------------------------------------------------------------------------------------------------------------------------------
Francor S.A. Nanterre, France -1,600,000 common -1,600,000 common FF 100 par -1,599,994 to Imprimeries
shares shares value Quebecor Europe, S.A.
-1 to Xxxx Xxxxxxxx
-1 to Xxxx-Xxxxxxxx Xxxx
-1 to Imprimeries
Didier-Quebecor S.A.
-1 to Xxxx Xxxxx
-1 to Pierre Xxxx Xxxxxxxx
-0 to Xxxxxx X. Xxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
Torcy Quebecor X.X. Xxxxx, France -702,500 common -702,500 common FF 100 par -702,494 to Imprimeries
shares shares value Quebecor Europe, S.A.
-1 to Pierre Xxxx Xxxxxxxx
-0 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxx Xxxxxxxx
-1 to Xxxx-Xxxxxxxx Xxxx
-1 to Xxxxx Xxxx
-1 to Xxxx Xxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
La Loupe Quebecor S.A. Paris, France -152,500 common -152,500 common FF 100 par -152,494 to Imprimeries
shares shares value Quebecor Europe, S.A.
-1 to Pierre Xxxx Xxxxxxxx
-0 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxx Xxxxxxxx
-1 to Xxxx-Xxxxxxxx Xxxx
-1 to Xxxxx Xxxx
-1 to Xxxx Xxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
Brochage Routage Meaux, France -152,500 common -152,500 common FF 100 par -152,494 to Imprimeries
Quebecor S.A. shares shares value Quebecor Europe, S.A.
-1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxx Xxxxxxxx
-1 to Xxxx-Xxxxxxxx Xxxx
-1 to Xxxxx Xxxx
-1 to Xxxx Xxxxxxx
-1 to Pierre Xxxx Xxxxxxxx
====================================================================================================================================
REVOLVING CREDIT SCHEDULES Schedule 2.1.2 - Page 35
====================================================================================================================================
NAME JURISDICTION OF NUMBER OF AUTHORIZED NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION CAPITAL STOCK CAPITAL STOCK STATED VALUE CAPITAL STOCK
====================================================================================================================================
EUROPE
------------------------------------------------------------------------------------------------------------------------------------
Imprimerie Blois Blois, France -202,500 common -202,500 common FF 100 par -202,494 to Imprimeries
Quebecor, S.A. shares shares value Quebecor Europe, S.A.
-1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxx Xxxxxxxx
-1 to Xxxx-Xxxxxxxx Xxxx
-1 to Xxxxx Xxxx
-1 to Pierre Xxxx Xxxxxxxx
-0 to Xxxxxx X. Xxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Numeric S.A. Nanterre, France -10,000 common shares -10,000 common FF 100 par -9,994 to Imprimeries
shares value Quebecor Europe, S.A.
-1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxx-Xxxxxxxx Xxxx
-1 to Xxxx Xxxxxxx
-1 to Pierre Xxxx Xxxxxxxx
-0 to Xxxxxx Xxxx
-1 to Xxxxxx X. Xxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
Imprimeries Meaux, France -571,250 common -571,250 common FF 100 par -571,244 to Imprimeries
Didier-Quebecor S.A. shares shares value Quebecor Europe, S.A.
-1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxx-Xxxxxxxx Xxxx
-1 to Xxxxx Xxxx
-1 to Xxxxxxx X. Xxxxxx
-1 to Xxxx Xxxxx
-1 to Xxxxxx X. Xxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
Heliogravure Lille, France -10,000 common shares -10,000 common FF 100 par -9,994 to Imprimeries
Didier-Quebecor S.A. shares value Didier-Quebecor S.A.
-1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxxx Xxxx
-1 to Xxxxxxx X. Xxxxxx
-1 to Imprimeries Quebecor
Europe, S.A.
-1 to Xxxxxx X. Xxxxxxxx
-1 to Pierre Xxxx Xxxxxxxx
====================================================================================================================================
REVOLVING CREDIT SCHEDULES Schedule 2.1.2 - Page 36
====================================================================================================================================
NAME JURISDICTION OF NUMBER OF AUTHORIZED NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION CAPITAL STOCK CAPITAL STOCK STATED VALUE CAPITAL STOCK
====================================================================================================================================
EUROPE
------------------------------------------------------------------------------------------------------------------------------------
Imprimerie Alsacienne Strasbourg, France -385,000 common -385,000 common FF 100 par -384,994 to Imprimeries
Didier-Quebecor S.A. shares shares value Didier-Quebecor S.A.
-1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxxx Xxxx
-1 to Xxxxxxx X. Xxxxxx
-1 to Imprimeries Quebecor
Europe, S.A.
-1 to Xxxxxx X. Xxxxxxxx
-1 to Pierre Xxxx Xxxxxxxx
------------------------------------------------------------------------------------------------------------------------------------
Imprimerie Quebecor Nanterre, France -2,500 common shares -2,500 common FF 100 par -2,494 to Imprimeries
Paris S.A. shares value Quebecor Europe, S.A.
-1 to Xxxx-Xxxxxx Xxxxxxxxx
-1 to Xxxxxxx X. Xxxxxx
-1 to Xxxxxxx Xxxxxxxx
-1 to Xxxx Xxxxx
-1 to Pierre Xxxx Xxxxxxxx
-0 to Xxxxxx X. Xxxxxxxx
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Imprimerie Quebecor Meaux, France -Brochage Routage Quebecor
Services, X.X.X. X.X.
-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.
====================================================================================================================================
REVOLVING CREDIT SCHEDULES Schedule 2.1.2 - Page 37
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NAME JURISDICTION OF NUMBER OF AUTHORIZED NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION CAPITAL STOCK CAPITAL STOCK STATED VALUE CAPITAL STOCK
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
XXXXXX XXXXXX OF AMERICA
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -99% Limited -99% to Quebecor Printing
Dallas, L.P. (Limited Partnership) Partnership (L.P.) Nevada Inc.
-1% General -1% to Quebecor Printing
Partnership (G.P.) Xxxxxx XX Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Dallas Delaware, USA -3,000 common shares -1,000 common $1 par value -100% to Quebecor Printing
II Inc. shares (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA - 50% to Quebecor Printing
Delaware LLC Nova Scotia ULC
- 50% to Quebecor Capital
GP
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Quebecor Printing Tennessee, USA -2,000 common shares -1,000 common No par value -100% to Quebecor Printing
Dickson Inc.(2) shares (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -99% Limited $1 par value -99% to Quebecor Printing
Xxxxxxx, X.X.(2) (Limited Partnership) Partnership (L.P.) Dickson II Inc.
-1% General -1% to Quebecor Printing
Partnership (G.P.) Xxxxxxx Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common shares -1,000 common $1 par value -100% to Quebecor Printing
Dickson II Inc. shares Dickson Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -1,000 common shares -1,000 common $1 par value -100% to Quebecor Printing
Directory Sales Corp. shares (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common shares -1,000 common $1 par value -100% to Quebecor Printing
Dubuque Inc. shares (USA) Holdings Inc.
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Quebecor Printing Eagle Missouri, USA -100,000 common -95,000 common $1 par value -100% to Quebecor Printing
Inc. shares shares (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Xxxxx Massachusetts, USA -250 Series A common -235 Series A No par value -100% to Quebecor Printing
Press Inc. shares common shares (USA) Holdings Inc.
-250 Series B common -239 Series B No par value -100% to Quebecor Printing
shares common shares (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -1,000 common shares -1,000 common $1 par value -100% to Arcata Corporation
Fairfield Inc. shares
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----------
(2) To be amalgamated as Quebecor Printing Xxxxxxx Inc.
REVOLVING CREDIT SCHEDULES Schedule 2.1.2 - Page 38
====================================================================================================================================
NAME JURISDICTION OF NUMBER OF AUTHORIZED NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION CAPITAL STOCK CAPITAL STOCK STATED VALUE CAPITAL STOCK
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
XXXXXX XXXXXX OF AMERICA
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Rhode Island, USA -unlimited common -209 common shares $0.01 par -100% to Quebecor Printing
Federated Inc. shares value (USA) Holdings Inc.
Quebecor Printing California, USA -25,000 common shares -1,000 common shares $1 par value -100% to Arcata Corporation
Xxxxxxxx Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -2,000 common shares -l0 common shares $1 par value -100% to Quebecor Printing
Holding Company -1,000 Preferred Inc.
Stock No par value
------------------------------------------------------------------------------------------------------------------------------------
Holyoke Lithograph Co., Massachusetts, USA -15,000 common shares -510 common shares No par value -100% to Quebecor Printing
Inc. (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Pennsylvania, USA -100,000 common -1,100 common shares $1 par value -100% to Quebecor Printing
Hazleton Inc. shares (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Xxxx X. Xxxxxx Company Delaware, USA -3,000 common shares -1,000 common shares $1 par value -100% to Quebecor Printing
Inc.(3) Kingsport Inc.
------------------------------------------------------------------------------------------------------------------------------------
Xxxx X. Xxxxxx Company Delaware, USA -3,000 common shares -1,000 common shares $1 par value -100% to Xxxx X. Xxxxxx
XX Inc. Company Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing California, USA -25,000 common shares -1,000 common shares $1 par value -100% to Arcata Corporation
Kingsport Inc.(3),(4)
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Quebecor List Services Delaware, USA -3,000 common shares -100 common shares No par value -100% to Quebecor Printing
Chicago Inc. (USA) Holdings Inc.
====================================================================================================================================
----------
(3) To be amalgamated as Quebecor Printing Kingsport Inc.
(4) To be amalgamated as Quebecor Printing Kingsport Inc.
REVOLVING CREDIT SCHEDULES Schedule 2.1.2 - Page 39
====================================================================================================================================
NAME JURISDICTION OF NUMBER OF AUTHORIZED NUMBER OF ISSUED PAR OR REGISTERED OWNER(S) OF
INCORPORATION CAPITAL STOCK CAPITAL STOCK STATED VALUE CAPITAL STOCK
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
XXXXXX XXXXXX OF AMERICA
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -99% Limited -99% to Xxxx X. Xxxxxx
Kingsport, L.P.(4) (Limited Partnership) Partnership (L.P.) Company Inc.
-1% General -1% to Quebecor Printing
Partnership (G.P.) Kingsport Inc.-
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common shares -10 common shares $1 par value -100% to Quebecor Printing
Lincoln Inc. (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common shares -3,000 common shares $1 par value -100% to Quebecor Printing
Loveland Inc. (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -1,000 common shares -1,000 common shares $0.01 par -100% to Quebecor Printing
Memphis Inc. value (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -3,000 common shares -1,000 common shares $1 par value -100% to Quebecor Printing
Memphis II Inc. Memphis Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Delaware, USA -99% Limited -99% to Quebecor Printing
Memphis, L.P.(5) (Limited Partnership) Partnership (L.P.) Memphis Inc.
-1% General -1% to Quebecor Printing
Partnership (G.P.) Xxxxxxx Inc.
------------------------------------------------------------------------------------------------------------------------------------
QP Memphis Corp.(5) Delaware, USA -3,000 common Stock -1,000 common Stock $1 par value -99% to Quebecor Printing
Memphis Inc.
-1% to Quebecor Printing
Xxxxxxx Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Mt. Delaware, USA -3,000 common shares -1,000 common shares $1 par value -100% to Quebecor Printing
Xxxxxx XX Inc. Memphis Inc.
------------------------------------------------------------------------------------------------------------------------------------
National Magazine Illinois, USA -200 common shares -1 common share $5 par value -100% to Quebecor Printing
Mailers, Inc. Mt.Xxxxxx XX Inc.
------------------------------------------------------------------------------------------------------------------------------------
Nova Marketing Services, Missouri, USA -30,000 common shares -1 common share $1 par value -100% to Quebecor Printing
Inc. Xxxxxx Inc.
------------------------------------------------------------------------------------------------------------------------------------
Quebecor Printing Nevada Nevada, USA -5,000 common shares -1,000 common shares $1 par value -100% to Quebecor Printing
Inc. (USA) Holdings Inc.
------------------------------------------------------------------------------------------------------------------------------------
Q.P. New York Corp. Delaware, USA -3,000 common shares -1,000 common shares $1 par value -100% to Quebecor Printing
Buffalo Inc.
====================================================================================================================================
----------
(5) To be amalgamated as QP Memphis Corp.
REVOLVING CREDIT SCHEDULES Schedule 2.1.2 - Page 40
