Exhibit 10.35

CONSENT

CONSENT dated as of December 7, 2006 under the 5-Year 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 By:   /s/ Errol Harris   Name:   Errol Harris  
Title:   Vice President, Treasurer

Consent under 5-Year 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 5-Year 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 5-Year Credit Agreement

 

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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 5-Year Credit Agreement

 

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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 5-Year Credit Agreement

 

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