EXHIBIT 10.5
 
SIXTH AMENDMENT
TO
CREDIT AGREEMENT
 
This SIXTH AMENDMENT TO CREDIT AGREEMENT (this “Sixth Amendment”) is dated as of
November 19, 2002, and is entered into by and among GEORGIA-PACIFIC CORPORATION,
a Georgia corporation (the “Company”), each of the Lenders (as defined in the
Credit Agreement referred to below) signatory hereto, and BANK OF AMERICA, N.A.,
as administrative agent for itself and the Lenders (in its capacity as
administrative agent, the “Agent”).
 
RECITALS
 
A. The Company, the Lenders, Merrill Lynch Capital Corporation and Morgan
Stanley Senior Funding Inc., as co-syndication agents, and the Agent are parties
to a Credit Agreement (Multi-Year Revolving Credit Facility), dated as of
November 3, 2000, as amended by (i) the First Amendment to Credit Agreement,
dated as of January 26, 2001, (ii) the Second Amendment to Credit Agreement,
dated as of March 15, 2001, (iii) the Third Amendment to Credit Agreement, dated
as of December 5, 2001, (iv) the Fourth Amendment to Credit Agreement, dated as
of June 13, 2002, and (v) the Fifth Amendment to Credit Agreement, dated as of
October 29, 2002 (the “Credit Agreement”), pursuant to which the Agent and the
Lenders have extended certain credit facilities to the Company.
 
B. The Company has requested that the Lenders agree to certain amendments to the
Credit Agreement.
 
C. The Lenders are willing to amend the Credit Agreement, subject to the terms
and conditions of this Sixth Amendment.
 
NOW, THEREFORE, in consideration of the agreements and provisions herein
contained and for other valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto do hereby agree as follows:
 
Section 1.  Definitions. Any capitalized term used but not otherwise defined
herein shall have the meanings ascribed to such terms in the Credit Agreement.
 
Section 2.  Amendments to Credit Agreement. The Credit Agreement is hereby
amended, effective as of the date of this Sixth Amendment becomes effective in
accordance with Section 4 hereof, as follows:
 
2.01  Amendments to Section 1.01. Section 1.01 of the Credit Agreement is hereby
amended as follows:
 
(a)  The defined terms “Applicable Premium” and “Letter of Credit Fee Premium”
are hereby deleted in their entirety.

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(b) The definition of “Asset Sales” in Section 1.01 of the Credit Agreement is
hereby amended by deleting such definition in its entirety and inserting the
following new definition in replacement thereof:
 
“Asset Sales” means any sale or disposition of assets of the Company or any of
its Subsidiaries or series of related sales or dispositions of assets of the
Company or any of its Subsidiaries (other than the sale of inventory in the
ordinary course of business).
 
(c) The definition of “Adjusted Net Worth” in Section 1.01 of the Credit
Agreement is hereby amended by deleting such definition in its entirety and
inserting the following new definition in replacement thereof:
 
“Adjusted Net Worth” means, at any date, an amount equal to the sum of (a) the
Net Worth at such date plus (b) the Goodwill Amount, if any, plus or minus (c)
commencing with the fiscal year of the Company ending December 31, 2002, the OCI
Pension Adjustment Amount, if any. For purposes of calculating Adjusted Net
Worth, if the OCI Pension Adjustment Amount is a negative number, then such
amount shall be added in the calculation thereof, and if the OCI Pension
Adjustment Amount is a positive number, then such amount shall be subtracted in
the calculation thereof.
 
(d) The following defined terms are hereby added to Section 1.01 of the Credit
Agreement in alphabetical order:
 
“OCI Pension Adjustment Amount” means, as of any date, with respect to the
Company’s pension Plans, that portion of other comprehensive income related to
minimum pension liability adjustments for the most recently ended fiscal year of
the Company.
 
“Senior Bridge Facility” means the Credit Agreement, dated as of August 16,
2002, as amended from time to time, among the Company, each of the lenders party
thereto, Bank of America, N.A., as administrative agent for such lenders, and
Banc of America Securities LLC and Goldman Sachs Credit Partners L.P., as
co-syndication agents.
 
“Senior Bridge Obligations” means all loans (including, without limitation,
principal and accrued interest) outstanding, and all other obligations of the
Company and any of its Subsidiaries, under the Senior Bridge Facility.

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“Threshold Amount” has the meaning specified in Section 2.14(a).
 
2.02 Amendment to Section 2.06. Section 2.06(b) of the Credit Agreement is
hereby amended by deleting such Section 2.06(b) in its entirety and inserting
the following new Section 2.06(b) in replacement thereof:
 
“(b) Unless the then Aggregate Commitments are equal to or less than
$3,000,000,000, the Aggregate Commitments shall be permanently reduced, without
premium or penalty, as follows:
 
(i) on December 31, 2002, by an amount (the “First Reduction Amount”) equal to
$250,000,000 less the amount (if any) by which the Aggregate Commitments were
automatically reduced pursuant to clause (i) in Section 2.14(c) in the calendar
year 2002; provided, however, that, if on such date, the difference (if
positive) between the Aggregate Commitments on such date (before giving effect
to the foregoing reduction on such date) and $3,000,000,000 is less than the
First Reduction Amount, then the Aggregate Commitments shall be permanently
reduced on such date by the amount of such difference;
 
(ii) on December 31, 2003, by an amount (the “Second Reduction Amount”) equal to
$250,000,000 less the amount (if any) by which the Aggregate Commitments were
automatically reduced pursuant to clause (i) in Section 2.14(c) in the calendar
year 2003; provided, however, that, if on such date, the difference (if
positive) between the Aggregate Commitments on such date (before giving effect
to the foregoing reduction on such date) and $3,000,000,000 is less than the
Second Reduction Amount, then the Aggregate Commitments shall be permanently
reduced on such date by the amount of such difference; and
 
(iii) on December 31, 2004, by an amount (the “Third Reduction Amount”) equal to
$250,000,000 less the amount (if any) by which the Aggregate Commitments were
automatically reduced pursuant to clause (i) in Section 2.14(c) in the calendar
year 2004; provided, however, that, if on such date, the difference (if
positive) between the Aggregate Commitments on such date (before giving effect
to the foregoing reduction on such date) and $3,000,000,000 is less than

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the Third Reduction Amount, then the Aggregate Commitments shall be permanently
reduced on such date by the amount of such difference;
 
Each reduction of the Aggregate Commitments pursuant to this Section 2.06(b)
shall reduce the Commitment of each Lender proportionately to its Pro Rata
Share.”
 
2.03 Amendment to Article 2. Article 2 of the Credit Agreement is hereby amended
by adding the following new Section 2.14 to such Article 2:
 

 
2.14
 
Net Proceeds from Asset Sales – Mandatory Prepayment of Committed Loans and
Mandatory Commitment Reductions.

 
(a) After all Senior Bridge Obligations have been paid in full and all financing
commitments under the Senior Bridge Facility have been canceled or otherwise
terminated and for each calendar year, commencing with the calendar year in
which such Senior Bridge Obligations have been so paid and such commitments have
been so canceled or terminated, (i) when the aggregate amount of all Net
Proceeds received by the Company and its Subsidiaries on a consolidated basis
from Asset Sales in such calendar year exceeds $50,000,000 (the “Threshold
Amount”), then, with respect to the first $250,000,000 of all Net Proceeds
received by the Company and its Subsidiaries on a consolidated basis from Asset
Sales in such calendar year in excess of the Threshold Amount, the Company shall
prepay the outstanding Committed Loans in an amount equal to one-hundred percent
(100%) of all such Net Proceeds in accordance with the prepayment schedule set
forth in Section 2.14(b), and (ii) when the aggregate amount of all Net Proceeds
received by the Company and its Subsidiaries on a consolidated basis from Asset
Sales in such calendar year exceeds $300,000,000, then the Company shall prepay
the outstanding Committed Loans in an amount equal to fifty (50%) of any such
excess Net Proceeds in accordance with the prepayment schedule set forth in
Section 2.14(b).
 
(b) Any required prepayment of the outstanding Committed Loans with Net Proceeds
from any Asset Sale pursuant to Section 2.14(a) shall made in accordance with
the following prepayment schedule: (i) if an Asset Sale generates Net Proceeds
such that the amount thereof that is required to be applied to prepay the
Committed Loans pursuant to Section 2.14(a) is at least $25,000,000, the Company
shall prepay the then outstanding Committed Loans in the amounts provided in and
required pursuant to Section 2.14(a) within thirty (30) days of receipt of such
Net Proceeds; and (ii) in all other cases, the Company shall prepay the then
outstanding Committed Loans in the amounts provided in and required pursuant to
Section

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2.14(a) on the date the Company delivers the compliance certificate pursuant to
Section 8.09(c), together with the Company’s financial statement pursuant to
Section 8.09(a) for the fiscal quarter in which such Asset Sale occurred. Upon
any prepayment pursuant to Sections 2.14(a) and (b), the Agent shall promptly
notify the Lenders of such prepayment.
 
(c) After all Senior Bridge Obligations have been paid in full and all financing
commitments under the Senior Bridge Facility have been canceled or otherwise
terminated and for each calendar year, commencing with the calendar year in
which such Senior Bridge Obligations have been so paid and such commitments have
been so canceled or terminated, (i) when the aggregate amount of all Net
Proceeds received by the Company and its Subsidiaries on a consolidated basis
from Asset Sales in such calendar year exceeds the Threshold Amount, then, with
respect to the first $250,000,000 of all Net Proceeds received by the Company
and its Subsidiaries on a consolidated basis from Asset Sales in such calendar
year in excess of the Threshold Amount, the Aggregate Commitments shall be
automatically reduced on the applicable date in accordance with Section 2.14(d)
by an amount equal to one-hundred percent (100%) of all such Net Proceeds, and
(ii) when the aggregate amount of all Net Proceeds received by the Company and
its Subsidiaries on a consolidated basis from Asset Sales in such calendar year
exceeds $300,000,000, then the Aggregate Commitments shall be automatically
reduced on the applicable date in accordance with Section 2.14(d) by an amount
equal to fifty (50%) of any such excess Net Proceeds; provided, however, that
once the Aggregate Commitments are reduced to $2,500,000,000, the Aggregate
Commitments shall no longer be automatically reduced by Net Proceeds pursuant to
this Section 2.14(c).
 
(d) Each automatic reduction of the Aggregate Commitments pursuant to Section
2.14(c) shall take effect on one of the following two dates, as applicable: (i)
if an Asset Sale generates Net Proceeds such that the amount thereof will cause
the Aggregate Commitments to be reduced pursuant to Section 2.14(c) by at least
$25,000,000, the then Aggregate Commitments shall be automatically reduced on
the thirtieth (30th) calendar day following receipt by the Company or any of its
Subsidiaries of any such Net Proceeds by the amounts provided in and required
pursuant to Section 2.14(c); and (ii) in all other cases, the Aggregate
Commitments shall be automatically reduced on the date the Company delivers the
compliance certificate pursuant to Section 8.09(c), together with the Company’s
financial statement pursuant to Section 8.09(a) for the fiscal quarter in which
such Asset Sale occurred, by the amounts provided in and required pursuant to
Section 2.14(c).

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(e) Notwithstanding anything contained in Sections 2.14(a) and (c) to the
contrary, no such prepayment pursuant to Section 2.14(a) shall be required, and
no such automatic reduction of the Aggregate Commitments shall occur pursuant to
Section 2.14(c), in connection with (i) an Asset Sale that constitutes a
Sale-Leaseback Transaction not requiring compliance with Section 9.02(b) or
Section 9.02(c) or (ii) a sale of more than 50% of the Company’s holdings of the
capital stock of or other equity or ownership interest in Unisource Parent.
 
(f) Any reduction of the Aggregate Commitments pursuant to Sections 2.14(c) and
(d) shall be applied pro rata among the respective Commitments and shall be
effective upon such reduction. All accrued Facility Fees to the effective date
of any reduction or termination of the Aggregate Commitment shall be paid on the
effective date of such reduction or termination.
 
(g) Any prepayment of the Loans and any Commitment reductions required by this
Section 2.14 shall not be subject to the minimum amount requirements of Section
2.06(a).
 
(h) Any reduction in the Aggregate Commitments which reduces the Aggregate
Commitments below the then current amount of the L/C Commitment shall result in
an automatic corresponding reduction of the L/C Commitment to the amount of the
Aggregate Commitments as so reduced, without any action on the part of the
Issuing Bank.
 
2.04 Amendment to Section 2.09. Section 2.09 of the Credit Agreement is hereby
amended by deleting such Section 2.09 in its entirety and inserting the
following new Section 2.09 in replacement thereof:
 
“2.09 Interest.
 
(a) Each Reference Rate Loan shall bear interest on the outstanding principal
amount thereof from the date when made until paid in full at the Adjusted
Reference Rate plus (i) until the earlier of the date six months after the
Closing Date or the Post-Acquisition Rating Date, 0.05%, and (ii) thereafter,
the amount set forth opposite the indicated Debt Rating under the heading
“Applicable Margin Reference Rate Loans” in the pricing grid set forth below:

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Debt Ratings

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Moody’s

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S & P

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Applicable Margin Reference Rate Loans

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A3 or Higher
 
or
 
              A-  or Higher
    
0.50%
Baa 1
 
or
 
  BBB+
    
0.50%
Baa 2
 
or
 
BBB
    
0.50%
Baa 3
 
or
 
  BBB-
    
0.55%
Ba1
 
or
 
BB+
    
  0.825%
Ba2 or Lower
 
or
 
              BB or Lower
    
1.15%

 
(b) Each Offshore Rate Loan shall bear interest on the outstanding principal
amount thereof from the date when made until paid in full at the applicable
Offshore Rate plus either (i) until the earlier of the date six months after the
Closing Date or the Post-Acquisition Rating Date, 1.05%, and (ii) thereafter,
the amount set forth opposite the indicated Debt Rating under the heading
“Applicable Margin Offshore Rate Loans” in the pricing grid set forth below:
 
Debt Ratings

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Moody’s

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S & P

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Applicable Margin
Offshore Rate Loans

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A3 or Higher
 
or
 
              A-  or Higher
 
  1.025%
Baa 1
 
or
 
  BBB+
 
  1.125%
Baa 2
 
or
 
BBB
 
  1.350%
Baa 3
 
or
 
  BBB-
 
1.55%
Ba1
 
or
 
BB+
 
  1.825%
Ba2 or Lower
 
or
 
              BB or Lower
 
2.15%

 
(c) Any change in the applicable margin shall become effective three Business
Days after notification to the Agent of a change in Debt Rating or occurrence of
the Post-Acquisition Rating Date by (i) the Company pursuant to Section 8.10(c),
or (ii) any Lender, accompanied in the case of clause (ii) by evidence
satisfactory to the Agent of such event. In the event of a split rating, the
higher rating will apply; if the Debt Ratings are split by more than one level,
one level above the lower rating will apply. If at any time no Debt Rating is
available, the applicable margin shall be 1.15% per annum for all Reference Rate
Loans and 2.15% for all Offshore Rate Loans; provided, that if at any time no
Debt Rating exists solely because both Moody’s and S&P shall cease to exist,
then the applicable margin shall be the amount that corresponds to the Debt
Rating that is one level lower than the Debt Rating applicable immediately prior
to the date on which both Moody’s and S&P shall cease to exist.
 
(d) Accrued interest shall be paid on each Interest Payment Date (and, after
maturity, on demand).

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(e) The Company shall pay to each Lender which has made a Bid Loan interest on
the unpaid principal amount of such Bid Loan from the date when made until paid
in full, on each Interest Payment Date (and, after maturity, on demand), at the
rate of interest specified by such Lender in its Competitive Bid pursuant to
Section 2.04(b)(ii)(B).
 
2.05 Amendment to Section 2.10. Section 2.10 of the Credit Agreement is hereby
amended by deleting such Section 2.10 in its entirety and inserting the
following new Section 2.10 in replacement thereof:
 
2.10 Default Interest. During the continuation of any Event of Default pursuant
to Section 10.01(a), the Company shall pay interest (after as well as before
judgment to the extent permitted by law) on the Effective Amount of all
Obligations then due and payable (other than in respect of Bid Loans), at a rate
per annum which is determined by adding 2% per annum to the applicable margin
then in effect in accordance with Section 2.09, and, in the case of Obligations
not subject to any such applicable margin (other than in respect of Bid Loans),
at a rate per annum equal to the Adjusted Reference Rate plus the applicable
margin for Reference Rate Loans then in effect in accordance with Section 2.09
plus 2%; provided, however, that, on and after the expiration of any Interest
Period applicable to any Offshore Rate Loan outstanding on the date of
occurrence of such Event of Default or acceleration, the principal amount of
such Offshore Rate Loan shall, during the continuance of such Event of Default
or after acceleration, bear interest at a rate per annum equal to the Adjusted
Reference Rate, plus the applicable margin for Reference Rate Loans then in
effect in accordance with Section 2.09 plus 2% (for purposes of which any
Offshore Currency Loans shall be redenominated into Loans denominated in Dollars
at expiration of such Interest Period).
 
2.06 Amendment to Section 3.03. Section 3.03(d) of the Credit Agreement is
hereby amended by deleting such Section 3.03(d) in its entirety and inserting
the following new Section 3.03(d) in replacement thereof:
 
(d) With respect to any unreimbursed drawing that is not converted into Loans
consisting of Reference Rate Loans to the Company, in whole or in part, because
of the Company’s failure to satisfy the conditions set forth in Section 7.03(b)
or for any other reason, the Company shall be deemed to have incurred from the
Issuing Bank an L/C Borrowing in the amount of such drawing, which L/C Borrowing
shall be due and payable on demand (together with interest) and shall bear
interest at a rate per annum equal to the Reference Rate, plus the Applicable
Margin for

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Reference Rate Loans set forth in Section 2.09(a) for the first Business Day
following notice to the Company of a request for a drawing, and thereafter at
the Reference Rate, plus the Applicable Margin for Reference Rate Loans set
forth in Section 2.09(a) plus 2%, and each Lender’s payment to the Issuing Bank
pursuant to Section 3.03(c) shall be deemed payment in respect of its
participation in such L/C Borrowing and shall constitute an L/C Advance from
such Lender in satisfaction of its participation obligation under this Section
3.03.
 
2.07 Amendment to Section 3.08. Section 3.08(a) of the Credit Agreement is
hereby amended by deleting the words “plus the Letter of Credit Fee Premium”
appearing immediately after the words “Offshore Rate Loans” and before the word
“for” appearing in the fourth line thereof.
 
2.08 Amendment to Section 4.02. Section 4.02(d) of the Credit Agreement is
hereby amended by deleting such Section 4.02(d) in its entirety.
 
2.09 Amendment to Article 8. Article 8 of the Credit Agreement is hereby amended
by adding thereto the following new Section 8.15 to such Article 8:
 
8.15 Asset Sale Notices. Promptly and in any event within five Business Days
after the Company or any of its Subsidiaries receives Net Proceeds from any
Asset Sale where such Net Proceeds are to be applied in accordance with Section
2.14(b)(i) and/or Section 2.14(d)(i), the Company shall notify the
Administrative Agent of such receipt and the amount of such Net Proceeds so
received.
 
2.10 Amendment to Exhibit 8.09(c) (Compliance Certificate). Exhibit 8.09(c) to
the Credit Agreement is hereby amended by deleting Exhibit 8.09(c) in its
entirety and inserting the new Exhibit 8.09(c) attached hereto as Exhibit B in
replacement thereof.
 
Section 3. Representations and Warranties. In order to induce the Agent and the
Lenders to enter into this Sixth Amendment, the Company hereby represents and
warrants that:
 
3.01 No Default. At and as of the date of this Sixth Amendment and at and as of
the Effective Date and both prior to and after giving effect to this Sixth
Amendment, no Default or Event of Default exists.
 
3.02 Representations and Warranties True and Correct. At and as of the date of
this Sixth Amendment and at and as of the Effective Date and both prior to and
after giving effect to this Sixth Amendment, each of the representations and
warranties contained in the Credit Agreement and the other Loan Documents is
true and correct in all respects.
 
3.03 Corporate Power, Etc.

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(a) The Company (i) has all requisite corporate power and authority to execute
and deliver, and to perform its obligations under, this Sixth Amendment and (ii)
has taken all corporate action necessary to authorize the execution and delivery
by it of, and the performance by it of its obligations under, this Sixth
Amendment.
 
(b) Each of the Principal Subsidiaries party to the Consent (as such term is
defined in Section 4.01 hereof) (i) has all requisite corporate power and
authority to execute, deliver and perform the Consent and (ii) has taken all
action, corporate or otherwise, necessary to authorize the execution, delivery
and performance by such Principal Subsidiary of the Consent.
 
3.04 No Conflict. The execution, delivery and performance by the Company of this
Sixth Amendment (and the execution, delivery and performance by each of the
Principal Subsidiaries of the Consent, in each case will not (i) conflict with
or result in any breach or violation of any provision of the certificate or
articles of incorporation or by-laws (or other organizational documents) of the
Company or any of its Subsidiaries, (ii) result in any breach or violation of,
or constitute a default (or an event which, with notice or lapse of time or
both, would constitute a default) under, or result in the termination of, or
accelerate the performance required by, or result in the creation of a Lien upon
any of the properties or assets of the Company or any of its Subsidiaries under,
any of the terms, conditions or provisions of any note, bond, mortgage,
indenture, deed of trust, license, lease agreement or other instrument or
obligation to which the Company or any of its Subsidiaries is a party or to
which any of their respective properties or assets are subject, (iii) require
any consent, approval, authorization or permit of, or filing with or
notification to, any third party or any Governmental Authority, or (iv) violate
any order, writ, injunction, decree, judgment, ruling, law, statute, rule or
regulation of any Governmental Authority.
 
3.05 Binding Effect.
 
(a) This Sixth Amendment has been duly executed and delivered by the Company,
and constitutes the legal, valid and binding obligation of the Company
enforceable against the Company in accordance with its terms, except as such
enforceability may be limited by (i) applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws, now or hereafter in effect,
relating to or affecting the enforcement of creditors’ rights generally, and
(ii) the application of general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law).
 
(b) The Consent has been duly executed and delivered by each Principal
Subsidiary party thereto, and constitutes the legal, valid and binding
obligation of such Principal Subsidiary enforceable against such Principal
Subsidiary in accordance with its terms, except as such enforceability may be
limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or
other similar laws, now or hereafter in effect, relating to or affecting the
enforcement of creditors’ rights generally, and (ii) the application of general
principles of equity (regardless of whether such enforceability is considered in
a proceeding in equity or at law).
 
Section 4. Conditions. This Sixth Amendment and the effectiveness of the
amendments set forth in Section 2 hereof shall be effective as of November 15,
2002 (the “Effective Date”) upon

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the satisfaction in full in the judgment of the Agent and the Required Lenders
of each of the following conditions precedent set forth in this Section 4:
 
4.01  Execution of the Sixth Amendment.
 
(a)  The Company, the Agent and the Required Lenders shall have executed an
original counterpart of this Sixth Amendment and shall have delivered (including
by way of facsimile transmission) the same to the Agent.
 
(b)  The Agent shall have received an original or facsimile counterpart of the
Guarantor Acknowledgment and Consent in the form of Exhibit A attached hereto
(the “Consent”) duly executed and delivered by each of the Principal Subsidiary
parties thereto.
 
Section 5.  General Confirmations and Amendments.
 
5.01  Continuing Effect.    Except as specifically provided herein, the Credit
Agreement and the other Loan Documents shall remain in full force and effect in
accordance with their respective terms and are hereby ratified and confirmed in
all respects.
 
5.02   No Waiver.    This Sixth Amendment is limited as specified and the
execution, delivery and effectiveness of this Sixth Amendment shall not operate
as a modification, acceptance or waiver of any provision of the Credit Agreement
or any other Loan Document, except as specifically set forth herein.
 
5.03  References.
 
(a)  From and after the Effective Date, (i) the Credit Agreement, the other Loan
Documents and all agreements, instruments and documents executed and delivered
in connection with any of the foregoing shall each be deemed amended hereby to
the extent necessary, if any, to give effect to the provisions of this Sixth
Amendment and (ii) all of the terms and provisions of this Sixth Amendment are
hereby incorporated by reference into the Credit Agreement as if such terms and
provisions were set forth in full therein.
 
(b)  From and after the Effective Date, (i) all references in the Credit
Agreement to “this Agreement”, “hereto”, “hereof”, “hereunder” or words of like
import referring to the Credit Agreement shall mean the Credit Agreement as
amended hereby and (ii) all references in the Credit Agreement, the other Loan
Documents or any other agreement, instrument or document executed and delivered
in connection therewith to “Credit Agreement”, “thereto”, “thereof”,
“thereunder” or words of like import referring to the Credit Agreement shall
mean the Credit Agreement as amended hereby.
 
Section 6.  Miscellaneous.
 
6.01  Governing Law.    THIS SIXTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

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6.02    Severability.    The provisions of this Sixth Amendment are severable,
and if any clause or provision shall be held invalid or unenforceable in whole
or in part in any jurisdiction, then such invalidity or unenforceability shall
affect only such clause or provision, or part thereof, in such jurisdiction and
shall not in any manner affect such clause or provision in any other
jurisdiction, or any other clause or provision in this Sixth Amendment in any
jurisdiction.
 
6.03    Counterparts.    This Sixth Amendment may be executed in any number of
counterparts, each of which counterparts when executed and delivered shall be an
original, but all of which shall together constitute one and the same
instrument.
 
6.04    Headings.    Section headings in this Sixth Amendment are included
herein for convenience of reference only and shall not constitute a part of this
Sixth Amendment for any other purpose.
 
6.05    Binding Effect; Assignment.    This Sixth Amendment shall be binding
upon and inure to the benefit of the Company, the Agent and the Lenders and
their respective successors and assigns; provided, however, that the rights and
obligations of the Company under this Sixth Amendment shall not be assigned or
delegated without the prior written consent of the Agent and the Lenders.
 
6.06    Fees.    The Company agrees to pay to the Agent, for the account of each
Lender that has executed a counterpart of this Sixth Amendment and delivered (by
hard copy or facsimile) the same to the Agent’s counsel by 12:00 noon (San
Francisco time) on the Effective Date, a nonrefundable amendment fee in an
amount equal to such Lender’s Commitment multiplied by 0.125%, which amounts the
Company hereby covenants and agrees to pay to the Agent for the account of such
Lenders by no later than 5:00 p.m. (San Francisco time) on the Business Day
immediately following the Effective Date. The fees payable pursuant to this
Section 6.06 shall be deemed fees payable under the Credit Agreement.
 
6.07    Expenses.    The Company agrees to pay the Agent upon demand for all
reasonable expenses, including reasonable fees of attorneys and paralegals for
the Agent (who may be employees of the Agent), incurred by the Agent in
connection with the preparation, negotiation and execution of this Sixth
Amendment and any other document required to be furnished herewith.
 
6.08    Terms of Subordination.    The Company shall not enter into, and shall
not permit any of its Subsidiaries to enter into, any subordination agreement
pursuant to which intercompany liabilities of the Company or any of its
Subsidiaries shall be subordinated to the Company’s or any Subsidiary’s
obligations under debt securities issued in connection with Company’s high yield
debt offering unless such subordination agreement also subordinates such
intercompany liabilities to the Company’s and each such Subsidiary’s obligations
under the Loan Documents and any renewal or refinancing thereof on substantially
identical terms in form reasonably acceptable to the Agent.
 
[Signature pages follow]

12

--------------------------------------------------------------------------------

 
IN WITNESS WHEREOF, the parties hereto have caused this Sixth Amendment to be
executed by their respective officers thereunto duly authorized, as of the date
first above written.
 
GEORGIA-PACIFIC CORPORATION
By:
 
/s/    Phillip M. Johnson

--------------------------------------------------------------------------------

Name:
 
Phillip M. Johnson
Title:
 
Vice President and Treasurer

 
BANK OF AMERICA, N.A.,
as Agent and as a Lender
By:
 
/s/    Michael Balok

--------------------------------------------------------------------------------

Name:
 
Michael Balok
Title:
 
Managing Director

 
MERRILL LYNCH CAPITAL CORPORATION,
as a Co-Syndication Agent and as a Lender
By:
 
/s/    Illegible

--------------------------------------------------------------------------------

Name:
 
Illegible
Title:
 
Vice President

 
MORGAN STANLEY SENIOR FUNDING, INC.,
as a Co-Syndication Agent and as a Lender
By:
 
/s/    Todd Vannucci

--------------------------------------------------------------------------------

Name:
 
Todd Vannucci
Title:
 
Executive Director

 
THE BANK OF NEW YORK, as a Lender
By:
 
/s/    David C. Siegel

--------------------------------------------------------------------------------

Name:
 
David C. Siegel
Title:
 
Vice President

 
[Signature page to Sixth Amendment]

--------------------------------------------------------------------------------

THE BANK OF TOKYO-MITSUBISHI, LTD.,
as a Lender
By:
 
/s/    Spencer Hughes

--------------------------------------------------------------------------------

Name:
 
Spencer Hughes
Title:
 
Authorized Signatory

 
BANK ONE, N.A., as a Lender
By:
 
/s/    Steven P. Sullivan

--------------------------------------------------------------------------------

Name:
 
Steven P. Sullivan
Title:
 
Associate Director

 
BNP PARIBAS, as a Lender
By:
 
/s/    John Stacy

--------------------------------------------------------------------------------

Name:
 
John Stacy
Title:
 
Managing Director

 
By:
 
/s/    Aurora Abella

--------------------------------------------------------------------------------

Name:
 
Aurora Abella
Title:
 
Vice President

 
JP MORGAN CHASE BANK formerly known as
THE CHASE MANHATTAN BANK, as a Lender
By:
 
/s/    Peter S. Predun

--------------------------------------------------------------------------------

Name:
 
Peter S. Predun
Title:
 
Vice President

 
CIBC INC., as a Lender
By:
 
/s/    Ray Smith

--------------------------------------------------------------------------------

Name:
 
Ray Smith
Title:
 
Managing Director

 
[Signature page to Sixth Amendment]

--------------------------------------------------------------------------------

 
CITIBANK, N.A., as a Lender
By:
 
/s/ Illegible

--------------------------------------------------------------------------------

Name:
 

--------------------------------------------------------------------------------

Title:
 

--------------------------------------------------------------------------------

 
COMMERZBANK AG, NEW YORK AND
GRAND CAYMAN BRANCHES, as a Lender
By:
 
/s/  Brian J. Campbell

--------------------------------------------------------------------------------

Name:
 
  Brian J. Campbell
Title:
 
  Senior Vice President

 
By:
 
/s/  W. David Suttles

--------------------------------------------------------------------------------

Name:
 
  W. David Suttles
Title:
 
  Vice President

 
MIZUHO CORPORATE BANK, as a Lender
By:
 
/s/  James W. Masters

--------------------------------------------------------------------------------

Name:
 
  James W. Masters
Title:
 
  Senior Vice President

 
DEUTSCHE BANK AG NEW YORK AND/OR
CAYMAN ISLANDS BRANCH, as a Lender
By:
 
/s/  Christian Dallwitz

--------------------------------------------------------------------------------

Name:
 
  Christian Dallwitz
Title:
 
  Director

 
By:
 
/s/  Dr. Michael C. Dietz

--------------------------------------------------------------------------------

Name:
 
  Dr. Michael C. Dietz
Title:
 
  Director

 
[Signature page to Sixth Amendment]

--------------------------------------------------------------------------------

DZ BANK AG DEUTSCHE ZENTRAL-GENOSSENSCHAFTSBANK, FRANKFURT AM
MAIN, (formerly DG BANK DEUTSCHE
GENOSSENSCHAFTSBANK AG), as a Lender
By:
 
/s/    Bernd Henrik Franke

--------------------------------------------------------------------------------

Name:
 
Bernd Henrik Franke
Title:
 
Vice President

 
By:
 
/s/    James A. Kyprios

--------------------------------------------------------------------------------

Name:
 
James A. Kyprios
Title:
 
Vice President

 
KBC BANK, N.V., as a Lender
By:
 
/s/    Robert Snauffer

--------------------------------------------------------------------------------

Name:
 
Robert Snauffer
Title:
 
First Vice President

 
By:
 
/s/    Eric Raskin

--------------------------------------------------------------------------------

Name:
 
Eric Raskin
Title:
 
Vice President

 
UFJ BANK, LIMITED, acting through its New York
Branch, as a Lender
By:
 
/s/    Stephen C. Small

--------------------------------------------------------------------------------

Name:
 
Stephen C. Small
Title:
 
Senior Vice President & Area Manager

 
[Signature page to Sixth Amendment]

--------------------------------------------------------------------------------

 
SUMITOMO MITSUI BANKING
CORPORATION, formerly known as THE
SUMITOMO BANK, LIMITED, as a Lender
By:
 
/s/  Leo E. Pagarigan

--------------------------------------------------------------------------------

Name:
 
Leo E. Pagarigan
Title:
 
Senior Vice President

 
SUNTRUST BANK, as a Lender
By:
 
/s/  Illegible

--------------------------------------------------------------------------------

Name:
 
Illegible
Title:
 
V.P

 
TORONTO-DOMINION (TEXAS), INC., as a
Lender
By:
 
/s/  Carol Brandt

--------------------------------------------------------------------------------

Name:
 
Carol Brandt
Title:
 
Vice President

 
UBS AG STAMFORD BRANCH, as a Lender
By:
 
/s/  Wilfred V. Saint

--------------------------------------------------------------------------------

Name:
 
Wilfred V. Saint
Title:
 
Associate Director Banking Products Services, US

 
By:
 
/s/  Juan Zuniga

--------------------------------------------------------------------------------

Name:
 
Juan Zuniga
Title:
 
Associate Director Banking Products Services, US

 
WACHOVIA BANK, N.A., as a Lender
By:
 
/s/  Illegible

--------------------------------------------------------------------------------

Name:
 
Illegible
Title:
 
Managing Director

 
[Signature page to Sixth Amendment]