SUBORDINATED LOAN AGREEMENT between SUN MEDIA CORPORATION (As Borrower) and QUEBECOR MEDIA INC. (As Lender) Dated as of April 10, 2008Subordinated Loan Agreement • March 5th, 2009 • Sun Media Corp • Newspapers: publishing or publishing & printing • Quebec
WHEREAS the Borrower has requested that the Lender provide the Borrower with a subordinated loan in the principal amount of twenty-four million dollars ($24,000,000) and the Lender has agreed to provide such subordinated loan to the Borrower, upon the terms and subject to the conditions hereinafter set forth;
