Document:

Exhibit 10.1

    

    

    September
      22nd,
      2006

    

    Mr.
      David
      Ure

    

    Dear
      David:

    

    We
      are
      very pleased to offer you the position of Vice President, Corporate Controller
      for Mercer International Inc. We understand that there needs to be some further
      discussion around your start date but we would like you to start no later than
      October 16th.
      This
      offer of employment is subject to a detailed background check and referencing
      conducted by Korn/Ferry.

    

    
      	
              Base
                Compensation

            	
              •

            	
              $185,000
                per annum.

            
	 	
              •

            	
              Salary
                is reviewed in January of each year.

            
	 	 	 
	
              Target
                Bonus

            	
              •

            	
              $30,833
                per year.

            
	 	
              •

            	
              This
                is based on 2 months salary.

            
	 	
              •

            	
              There
                is opportunity to exceed target for exceptional
                performance.

            
	 	 	 
	
              Options

            	
              •

            	
              You
                will be eligible to receive 10,000 shares of restricted
                stock.

            
	 	
              •

            	
              Stock
                will vest over two years.

            
	 	
              •

            	
              1/3
                will vest immediately once employed.

            
	 	 	 
	
              Benefits/Pension

            	
              •

            	
              You
                will be fully covered through Mercer's benefits program which will
                include
                a retirement program.

            
	 	
              •

            	
              Details
                will be forwarded to you directly.

            
	 	 	 
	
              Vacation

            	
              •

            	
              4
                weeks.

            
	 	 	 
	
              Signing
                Bonus

            	
              •

            	
              $35,000

            
	
              Vehicle

            	
              •

            	
              Will
                be provided

            
	 	 	 
	
              Severance
                Agreement

            	
              •

            	
              We
                will provide a specific severance entitlement for dismissal without
                cause
                equal to "one year" base salary plus target bonus during the first
                twelve
                months. The "one year" will be increased by one month for every year
                of
                service to a maximum of 18 months.

            

    

    

    
      
        
           

          MERCER
            INTERNATIONAL INC.

          SUITE
            2840
            - 650 WEST GEORGIA STREET, VANCOUVER, BRITISH COLUMBIA, V6B 4N8 T: (604)
            684-1099 F: (604) 684-1094

          14009
            INTERURBAN AVENUE SOUTH, SUITE 282, SEATTLE, WASHINGTON 98168 T: (206)
            674-4639
            F: (206) 674-4629

        

      

      
        
        

        
          

        

      

      
        
        

      

    

    David,
      we
      are eager to begin working with you and are confident your contribution to
      Mercer's team will be exceptional. Please do not hesitate to call with any
      questions you may have regarding this offer. You can reach me at
      604-684-1099.

    

    Please
      confirm your acceptance by signing the enclosed copy of this letter and
      returning it to me.

    

    Yours
      very truly,

    MERCER
      INTERNATIONAL

    

    

    /s/
      David Gandossi         

    David
      Gandossi

    Executive
      Vice President, CFO & Secretary

    

    

    ACCEPTED
      AND AGREED TO THIS 23rd
      DAY OF
      SEPTEMBER, 2006.

    

    /s/
      David Ure            

    David
      Ure

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
      MERCER
        INTERNATIONAL INC.

      SUITE
        2840
        - 650 WEST GEORGIA STREET, VANCOUVER, BRITISH COLUMBIA, V6B 4N8 T: (604)
        684-1099 F: (604) 684-1094

      14009
        INTERURBAN AVENUE SOUTH, SUITE 282, SEATTLE, WASHINGTON 98168 T: (206) 674-4639
        F: (206) 674-4629Exhibit 10.2

    

    
 

    September
      25th,
      2006

    

    Mr.
      Claes-Inge Isacson

    

    Dear
      Claes-Inge:

    

    We
      are
      very pleased to offer you the position of Chief Operating Officer for Mercer
      International Inc. We understand that you would be prepared to start in your
      position as soon as possible. This offer of employment is subject to a detailed
      background check and referencing conducted by Korn/Ferry.

    

    
      	
              Base
                Compensation

            	
              •

            	
              €325,000
                per annum.

            
	 	
              •

            	
              Salary
                is reviewed in January of each year.

            
	 	 	 
	
              Target
                Bonus

            	
              •

            	
              Target
                is based on 2 months salary based on achievement of specific
                objectives.

            
	 	
              •

            	
              There
                is opportunity to exceed target for exceptional
                performance.

            
	 	 	 
	
              Signing
                Bonus

            	
              •

            	
              €20,000

            
	 	 	 
	
              LTIP/Stock
                Options

            	
              •

            	
              15,000
                Restricted Stock Grant

            
	 	
              •

            	
              Vesting
                - 1/3 will vest immediately upon employment. The remaining 2/3 will
                vest
                over two years on each anniversary.

            
	 	 	 
	
              Pension

            	
              •

            	
              10%
                of Base Salary plus 5% of Bonus. Contributions are funded monthly
                into a
                tax deferred pension scheme.

            
	 	 	 
	
              Benefits

              •
                Health etc...

              •
                Vacation

              •
                Car

            	
              •

            	
              Full
                benefit program (includes family) - standard executive coverage for
                health, dental, life, short term and long term disability
                insurance.

            
	 	
              •

            	
              5
                weeks Vacation

            
	 	
              •

            	
              Car
                - Audi A6 Level. Benefit covers auto lease, insurance, maintenance
                and
                operating costs.

            
	 	 	 
	
              Housing
                Assistance

            	
              •

            	
              6
                months rent (maximum €1,100 per month) for temporary lodging in Berlin.
                Any unused housing allowance may be used to assist in furnishing
                your
                Berlin accommodation.

            
	 	
              •

            	
              Acknowledgment
                of travel cost between Germany and Sweden (Maximum 2 times per month
                for
                12 months).

            

       

      
        
          
             

            MERCER
              INTERNATIONAL INC.

            SUITE
              2840
              - 650 WEST GEORGIA STREET, VANCOUVER, BRITISH COLUMBIA, V6B 4N8 T:
              (604)
              684-1099 F: (604) 684-1094

            14009
              INTERURBAN AVENUE SOUTH, SUITE 282, SEATTLE, WASHINGTON 98168 T: (206)
              674-4639
              F: (206) 674-4629

          

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 	 	 
	
                Moving
                  and Relocation

              	
                •

              	
                It
                  is understood that you will relocate to Berlin within twelve months
                  to
                  perform your duties.

              
	 	
                •

              	
                We
                  will reimburse reasonable costs associated with moving household
                  effects
                  from Sweden to Germany and unusual costs associated with the turmoil
                  of
                  relocation.

              
	 	 	 
	
                Severance
                  Agreement

              	
                •

              	
                We
                  will provide a specified severance entitlement for dismissal without
                  cause
                  or change of control equal to "eighteen months" base salary plus
                  target
                  bonus, provided you have relocated to Germany. Should you not relocate
                  to
                  Germany, we reserve the right to terminate without severance. (A
                  change of
                  control means the completion of a merger, amalgamation or consolidation
                  of
                  the corporation with or into another entity if more than 50% of
                  the voting
                  equity of the new entity are held by persons who were not stock
                  holders of
                  the corporation immediately prior to the
                  transaction).

              

      

    

    

    Claes-Inge,
      we are eager to begin working with you and are confident your contribution
      to
      Mercer's team will be exceptional. Please feel free to contact me directly
      to
      discuss any questions you might have regarding this offer. You can reach me
      at
      604-684-1099.

    

    Please
      confirm your acceptance by signing the enclosed copy of this letter and
      returning it to me.

    

    Yours
      very truly,

    MERCER
      INTERNATIONAL

    

    

    /s/
      David M. Gandossi     

    David
      M.
      Gandossi

    Executive
      Vice President, CFO & Secretary

    

    

    ACCEPTED
      AND AGREED TO THIS 27 DAY OF SEPTEMBER, 2006.

    

    /s/
      Claes-Inge Isacson     

    Claes-Inge
      Isacson

     

     

     

     

     

     

     

     

     

     

     

    
      MERCER
        INTERNATIONAL INC.

      SUITE
        2840
        - 650 WEST GEORGIA STREET, VANCOUVER, BRITISH COLUMBIA, V6B 4N8 T: (604)
        684-1099 F: (604) 684-1094

      14009
        INTERURBAN AVENUE SOUTH, SUITE 282, SEATTLE, WASHINGTON 98168 T: (206) 674-4639
        F: (206) 674-4629

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