Exhibit 10.33

CONSENT

CONSENT dated as of December 7, 2006 under the 364-Day Credit Agreement dated as
of March 31, 2006 (the “Credit Agreement”) between International Paper Company,
the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative
Agent. Terms are used herein as defined in the Credit Agreement.

The Company has requested that the Lenders consent to the replacement of
Schedule II to the Credit Agreement to correct an inadvertent omission therein.
By their signatures below, the Lenders hereby so consent to the replacement of
said Schedule II in the form annexed hereto.

This Consent shall become effective upon execution hereof by the Company and
Lenders constituting the Required Lenders under the Credit Agreement. Except as
herein provided, the Credit Agreement shall remain unchanged and in full force
and effect. This Consent may be executed in any number of counterparts, all of
which taken together shall constitute one and the same amendatory instrument and
any of the parties hereto may execute this Consent by signing any such
counterpart. This Consent shall be governed by, and construed in accordance
with, the law of the State of New York.

IN WITNESS WHEREOF, the parties hereto have caused this Consent to be duly
executed by their respective authorized officers as of the day and year first
above written.

 

INTERNATIONAL PAPER COMPANY /s/ Errol Harris Name: Errol Harris Title: Vice
President, Treasurer

Consent under 364-Day Credit Agreement

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LENDERS

 

JPMORGAN CHASE BANK, N.A.,     CITIBANK, N.A. By:   /s/ Peter S. Predum     By:
  /s/ Jeffrey Stern   Name: Peter S. Predum       Name: Jeffrey Stern   Title:  
Vice President       Title:   Vice President

 

BNP PARIBAS     BANK OF AMERICA, N.A. By:   /s/ Nuala Marley     By:   /s/
Michael L. Letson, Jr   Name: Nuala Marley       Name: Michael L. Letson, Jr.  
Title:   Managing Director       Title:   Vice President By:   /s/ W. Kaplan    
    Name: W. Kaplan         Title:   M. D.      

 

DEUTSCHE BANK AG     CREDIT SUISSE, CAYMAN ISLAND BRANCH By:   /s/ Frederick W.
Laird     By:        Name: Frederick W. Laird       Name:   Title:   Managing
Director       Title: By:   /s/ Ming K. Chu         Name: Ming K. Chu        
Title:   Vice President      

 

WILLIAM STREET CAPITAL CORPORATION     UBS LOAN FINANCE LLC By:   /s/ Mark
Walton     By:   /s/ Richard L. Tavrow   Name: Mark Walton       Name: Richard
L. Tavrow   Title:   Assistant Vice President       Title:   Director

 

      By:   /s/ Irja R. Otsa         Name: Irja R. Otsa         Title:
  Associate Director

Consent under 364-Day Credit Agreement

 

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ABN AMRO BANK N.V.     THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. By:   /s/
Alexander M. Blodi     By:   /s/ Karen Ossolinski   Name: Alexander M. Blodi    
  Name: Karen Ossolinski   Title:   Managing Director       Title:   Authorized
Signatory By:   /s/ Nick Zorin         Name: Nick Zorin         Title:
  Assistant Vice President      

 

THE ROYAL BANK OF SCOTLAND     BARCLAYS BANK PLC By:          By:   /s/ David
Barton   Name:       Name: David Barton   Title:       Title:   Associate

 

THE BANK OF NEW YORK     MIZUHO CORPORATE BANK, LTD.

By:

  /s/ J. David Parker, Jr     By:   /s/ Raymond Ventura   Name: J. David Parker,
Jr.       Name: Raymond Ventura   Title:   Vice President       Title:   Deputy
General Manager

 

MORGAN STANLEY BANK     PNC BANK, NATIONAL ASSOCIATION By:          By:   /s/
Timothy J. Hornickle   Name:       Name: Timothy J. Hornickle   Title:      
Title:   Vice President                

 

SUMITOMO MITSUI BANKING CORPORATION     SUNTRUST BANK By:   /s/ Shigeru Tsuru  
  By:   /s/ Stacy M. Lewis   Name: Shigeru Tsuru       Name: Stacy M. Lewis  
Title:   Joint General Manager       Title:   Vice President

Consent under 364-Day Credit Agreement

 

-3-

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WACHOVIA BANK, NATIONAL ASSOCIATION     FORTIS CAPITAL CORPORATION By:   /s/
Robert G. McGill, Jr.     By:        Name: Robert G. McGill, Jr.       Name:  
Title:   Director       Title:

 

SOCIETE GENERALE     THE BANK OF NOVA SCOTIA By:   /s/ Nigel Elvey     By:     
  Name: Nigel Elvey       Name:   Title:   Vice President       Title:

 

MELLON BANK     SANPAOLO-IMI S.P.A. By:   /s/ Mary E. Pohl     By:   /s/ Luca
Sacchi   Name: Mary E. Pohl       Name: Lucca Sacchi   Title:   Relationship
Manager       Title:   VP       By:   /s/ D. Mara Lowensta         Name: D. Mara
Lowensta         Title:   General Counsel VP

 

STATE STREET BANK & TRUST COMPANY     THE NORTHERN TRUST COMPANY By:   /s/ Janet
B. Molin     By:   /s/ Lisa Mcdermott   Name: Janet B. Molin       Name: Lisa
McDermott   Title:   VP       Title:   VP

Consent under 364-Day Credit Agreement

 

-4-

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SCHEDULE II

Material Agreements

List of all debt instruments or facilities of International Paper Company and
its subsidiaries with outstanding balance or commitments of at least
$150,000,000 as of December 31, 2005.

 

Issue

   Principal Amount

7 5/8% Note Due 2007

   198,000,000

6 7/8% Note Due 2029

   155,535,000

6 7/8% Note Due 2023

   200,000,000

6 3/4% Note Due 2011

   818,536,000

7.35% Debentures Due 2025

   174,995,000

6.4% Debentures Due 2026

   200,000,000

7.2% Debentures Due 2026

   200,000,000

5.85% Note Due 2012

   966,640,000

5.3% Note Due 2015

   542,467,000

5.5% Note Due 2014

   403,030,000

5.25% Note Due 2016

   352,895,000

5 3/8% Euro Note Due 2006

   296,101,042

3.8% Note Due 2008

   294,190,000

4.25% Note Due 2009

   425,365,000

4.0% Note Due 2010

   433,175,000

Zero Coupon Convertible Note Due 2021

   1,184,665,230

Floating Note Due 2010

   350,000,000

Floating Note Due 2007

   499,362,311

Subsidiaries

   Principal Amount

IP Investment France Euro Floating Note Due 2009

   592,452,159

IP Investments (Luxembourg) S.a.r.l. Floating Note Due 2010

   700,000,000

Bank Facility

   Outstanding

$750,000,000 R/C Facility Due 2006

   —  

$1,250,000,000 R/C Facility Due 2009

   —  

$1,200,000,000 CP Financing Due 2007

   —  

Schedule II to 364-Day Credit Agreement