Exhibit 10.2

AMENDMENT NO. 1, dated as of July 31, 2008 (this “Amendment”), among
INTERNATIONAL PAPER COMPANY, a New York corporation (the “Borrower”), and the
Lenders listed on the signature pages hereto, to the Credit Agreement dated as
of June 16, 2008 (the “Credit Agreement”) among the Borrower, the Guarantors,
the Lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as
Administrative Agent. Capitalized terms used and not otherwise defined herein
shall have the meanings assigned to them in the Credit Agreement.

WHEREAS, the Borrower has entered into a certain Purchase Agreement with the
Seller, pursuant to which the Borrower has agreed to purchase the Acquired
Business from the Seller;

WHEREAS, the Borrower has entered or intends to enter into certain Partial
Assignments of Rights Under Purchase Agreement (the “Assignments”) with certain
newly-formed subsidiaries (the “Titleholder LLCs”) of DB Reverse Exchange
Services Corp. (the “Exchange Accommodator”), pursuant to which it will assign
its right to acquire legal title to certain real estate property with an
aggregate fair market value of approximately $450 million (the “Parked
Property”) included in the Acquired Business to the Titleholder LLCs;

WHEREAS, the Borrower has entered or intends to enter into a Qualified Exchange
Accommodation Agreement with the Exchange Accommodator and certain related
agreements pursuant to which the Borrower and its Subsidiaries will receive
membership interests in the Titleholder LLCs (the “Exchange Program”);

WHEREAS, Sustainable Forest LLC, a Subsidiary of the Borrower (“SF LLC”), is
currently an Excluded Subsidiary under the Credit Agreement, subject to the
requirements set forth in the definition of Excluded Subsidiary;

WHEREAS, SF LLC may, as part of the Exchange Program, dispose of some of its
assets and as part of such disposition acquire membership interests in certain
of the Titleholder LLCs;

WHEREAS, the Borrower has requested that the Administrative Agent and the
Required Lenders consent to this Amendment as set forth below;

WHEREAS, Section 9.02(b) of the Credit Agreement permits the Credit Agreement to
be amended from time to time;

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NOW, THEREFORE, in consideration of the premises and covenants contained herein
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto, intending to be legally bound
hereby, agree as follows:

Section 1. Amendments.

(a) The first line of the Credit Agreement is hereby replaced in its entirety
with the following:

“This CREDIT AGREEMENT (this “Agreement”), dated as of June 16, 2008, among
INTERNATIONAL PAPER COMPANY, the GUARANTORS, the LENDERS party hereto, and
JPMORGAN CHASE BANK, N.A., as Administrative Agent.”

(b) Section 1.01 of the Credit Agreement is hereby amended by replacing clause
(v) of the definition of “Excluded Subsidiary” in its entirety with the
following:

“(v) Sustainable Forest LLC, a Delaware limited liability company; provided that
such Subsidiary shall cease to be an Excluded Subsidiary pursuant to this clause
(v) if, within 18 months of the date hereof, it does not enter into definitive
agreements with third parties for the sale, or other bona fide financing
transaction relating to the disposition, of substantially all of its assets
(other than (x) Equity Interests in entities that are Guarantors and (y) other
assets such that, not taking into account such Equity Interests in or assets of
entities that are Guarantors, it would satisfy the test under clause (ii) above)
or does not consummate such sale or other bona fide financing transaction within
27 months of the date hereof, and provided further that prior to such sale or
other bona fide financing transaction, it shall not guarantee any other
Indebtedness; and”.

Section 2. Conditions to Effectiveness.

This Amendment shall become effective as of the date when each of the following
conditions is satisfied:

(a) The Administrative Agent (or its counsel) shall have received from
(i) Lenders constituting the Required Lenders and (ii) the Borrower, a
counterpart of this Amendment signed on behalf of such party;

(b) All corporate and other proceedings taken or to be taken in connection with
this Amendment and all documents incidental thereto, whether or not referred to
herein, shall be reasonably satisfactory in form and substance to the
Administrative Agent; and

(c) At the time of and after giving effect to the Amendment, no Default or Event
of Default has occurred and is continuing.

Section 3. Representations and Warranties. In order to induce the Lenders and
the Administrative Agent to authorize this Amendment, the Borrower represents
and warrants to each of the Lenders that both before and after giving effect to
this Amendment:

(a) The execution, delivery, and performance of this Amendment by the Borrower
is within the corporate power and authority of the Borrower and has been duly
authorized by all necessary corporate action.

 

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(b) This Amendment and the Credit Agreement, as amended hereby, constitute
legal, valid, and binding obligations of each of the Obligors, enforceable in
accordance with their terms, except as enforcement may be limited by equitable
principles or by bankruptcy, insolvency, reorganization, moratorium, or similar
laws relating to or limiting creditor’s rights generally.

(c) At the time of and after giving effect to the Amendment, no Default or Event
of Default has occurred and is continuing.

Section 4. Expenses. The Borrower agrees to reimburse the Administrative Agent
for its reasonable out-of-pocket expenses incurred by them in connection with
this Amendment, including the reasonable fees, charges and disbursements of
Cahill Gordon & Reindel LLP, counsel for the Administrative Agent.

Section 5. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed to be an original, but all
of which when taken together shall constitute a single instrument. Delivery of
an executed counterpart of a signature page of this Amendment by facsimile
transmission shall be effective as delivery of a manually executed counterpart
hereof.

Section 6. Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

Section 7. Headings. The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

Section 8. Effect of Amendment. Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of or otherwise affect the rights and remedies of the Lenders, the
Administrative Agent, the Syndication Agent or the Co-Documentation Agents under
the Credit Agreement or any other Loan Document, and shall not alter, modify,
amend or in any way affect any of the terms, conditions, obligations, covenants
or agreements contained in the Credit Agreement or any other provision of the
Credit Agreement, all of which are ratified and affirmed in all respects and
shall continue in full force and effect.

Section 9. Reference to the Credit Agreement. Upon and after the execution of
this Amendment by each of the parties hereto, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import
referring to the Credit

 

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Agreement, and each reference in the other Loan Documents to “the Credit
Agreement”, “thereunder”, “thereof” or words of like import referring to the
Credit Agreement, shall mean and be a reference to the Credit Agreement as
modified hereby.

Section 10. Binding Effect. This Amendment and the rights evidenced hereby shall
inure to the benefit of and be binding upon the successors and permitted assigns
of the parties hereto, and shall be enforceable by any such successors and
assigns.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first above written.

 

INTERNATIONAL PAPER COMPANY By:   /s/ Errol A. Harris   Name:   Errol A. Harris
  Title:   Vice President and Treasurer

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JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and a Lender

By:   /s/ Linda M. Meyer   Name:   Linda Meyer   Title:   President

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UBS LOAN FINANCE LLC, as a Lender By:   /s/ Richard L. Tavrow   Name:   Richard
L. Tavrow   Title:   Director By:   /s/ David B. Julie   Name:   David B. Julie
  Title:   Associate Director

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Bank of America, as a Lender By:   /s/ Michael Balok   Name:   Michael Balok  
Title:   Senior Vice President

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DEUTSCHE BANK AG NEW YORK, as a Lender By:   /s/ Heidi Sandquist   Name:   Heidi
Sandquist   Title:   Vice President By:   /s/ Ming K. Chu   Name:   Ming K. Chu
  Title:   Vice President DEUTSCHE BANK AG CAYMAN ISLANDS, as a Lender By:   /s/
Heidi Sandquist   Name:   Heidi Sandquist   Title:   Vice President By:   /s/
Ming K. Chu   Name:   Ming K. Chu   Title:   Vice President

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THE ROYAL BANK OF SCOTLAND PLC, as a Lender By:   /s/ L. Peter Yetman   Name:  
L. Peter Yetman   Title:   SVP

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CoBank, ACB, as a Lender By:   /s/ Jeff C. Norte   Name:   Jeff C. Norte  
Title:   Vice President

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SUMITOMO MITSUI BANKING CORPORATION,

as a Lender

By:   /s/ Yoshihiro Hyakutome   Name:   Yoshihiro Hyakutome   Title:   General
Manager

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BNP Paribas, as a Lender By:   /s/ Shayn March   Name:   Shayn March   Title:  
Managing Director By:   /s/ Angela Bentley Arnold   Name:   Angela Bentley
Arnold   Title:   Director

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BBVA, as a Lender By:   /s/ Kruster Holm   Name:   Kruster Holm   Title:  
Managing Director By:   /s/ Peter Tommaney   Name:   Peter Tommaney   Title:  
Senior Vice President

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CALYON NEW YORK BRANCH, as a Lender By:   /s/ Rod Hurst   Name:   Rod Hurst  
Title:   Managing Director By:   /s/ Yuri Muzichenko   Name:   Yuri Muzichenko  
Title:   Director

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Regions Bank, as a Lender By:   /s/ Bryan W. Ford   Name:   Bryan W. Ford  
Title:   Senior Vice President

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SOCIETE GENERALE, as a Lender By:   /s/ Arnaud Achour   Name:   Arnaud Achour  
Title:   Head of Capital Markets and Syndicate

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

NEW YORK BRANCH, as a lender

By:   /s/ Ravneet Mumick   Name:   Ravneet Mumick   Title:   Authorized
Signatory

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TORONTO DOMINION (TEXAS) LLC, as a Lender By:   /s/ Debbi L. Brito   Name:  
Debbi L. Brito   Title:   Authorized Signatory

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BANK OF NOVA SCOTIA, as a Lender By:   /s/ Karen Anillo   Name:   Karen Anillo  
Title:   Director

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Nordea Bank Finland Plc, Acting through its New York and Grand Cayman Branches,
as a Lender By:   /s/ Henrik M. Steffensen   Name:   Henrik M. Steffensen  
Title:   Senior Vice President By:   /s/ Leena Parker   Name:   Leena Parket  
Title:   Vice President

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Mizuho Corporate Bank, Ltd, as a Lender By:   /s/ Toru Inoue   Name:   Toru
Inoue   Title:   Deputy General Manager

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Wells Fargo Bank, N.A., as a Lender By:   /s/ Greg Campbell   Name:   Greg
Campbell   Title:   Vice President

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Bank of China, New York Branch, as a Lender By:   /s/ William Warren Smith  
Name:   William Warren Smith   Title:   Chief Lending Officer

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The Governor and Company of the Bank of Ireland,

as a Lender

By:   /s/ Elaine Crowley   Name:   Elaine Crowley   Title:   Senior Manager By:
  /s/ Peter O’Connor   Name:   Peter O’Connor   Title:   Deputy Manager

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PNC Bank, National Association, as a Lender By:   /s/ Robert M. Martin   Name:  
Robert M. Martin   Title:   Senior Vice President

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The Bank of New York Mellon as a Lender

 

(formerly known as The Bank of New York)

By:   /s/ Clifford A. Mull   Name:   Clifford A. Mull   Title:   First Vice
President

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First Tennessee Bank, as a Lender By:   /s/ Matthew A. Wages   Name:   Matthew
A. Wages   Title:   Vice President

 

 

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RAYMOND JAMES BANK, FSB, as a Lender By:   /s/ Garrett McKinnon   Name:  
Garrett McKinnon   Title:   Vice President

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State Street Bank and Trust Company, as a Lender By:   /s/ Janet B. Nolin  
Name:   Janet B. Nolin   Title:   Vice President