Document:

EXHIBIT 10.03

 

Compensation Arrangements of Certain Executive Officers of Flextronics International Ltd.

 

Note: The following summary of compensation arrangements does not include all previously-reported compensation arrangements or awards granted under previously-disclosed incentive plans.  Disclosures with respect to compensation for Named Executive Officers for the 2011 fiscal year are included in the Company’s definitive proxy statement for the Company’s 2011 Annual General Meeting of Shareholders, and disclosures with respect to compensation for Named Executive Officers for the 2012 fiscal year will be included in the Company’s definitive proxy statement for the Company’s 2012 Annual General Meeting of Shareholders.

 

Compensation for Michael McNamara (Chief Executive Officer)

 

Mr. McNamara’s current annual base salary is $1,250,000.  In addition, Mr. McNamara will participate in the Company’s annual incentive bonus plan and long-term cash incentive deferred compensation plan.  Mr. McNamara also received awards of performance-based restricted share unit awards and service-based restricted share unit awards under the Company’s equity incentive plan as part of his fiscal 2012 compensation.  Vesting of the performance-based award will depend on the Company achieving levels of total shareholder return relative to the average of the Standard & Poor’s 500 Index total shareholder return.

 

Compensation for Paul Read (Chief Financial Officer)

 

Mr. Read’s current annual base salary is $600,000.  In addition, Mr. Read will participate in the Company’s annual incentive bonus plan.  Mr. Read also received awards of performance-based restricted share unit awards and service-based restricted share unit awards under the Company’s equity incentive plan as part of his fiscal 2012 compensation.  Vesting of the performance-based award will depend on the Company achieving levels of total shareholder return relative to the average of the Standard & Poor’s 500 Index total shareholder return.

 

Compensation for Michael Clarke

 

Mr. Clarke’s current annual base salary is $550,000.  In addition, Mr. Clarke will participate in the Company’s annual incentive bonus plan and long-term cash incentive deferred compensation plan.  Mr. Clarke also received awards of performance-based restricted share unit awards and service-based restricted share unit awards under the Company’s equity incentive plan as part of his fiscal 2012 compensation.  Vesting of the performance-based award will depend on the Company achieving levels of total shareholder return relative to the average of the Standard & Poor’s 500 Index total shareholder return.

 

Compensation for Francois Barbier

 

Mr. Barbier’s current annual base salary is $600,000.  In addition, Mr. Barbier will participate in the Company’s annual incentive bonus plan and long-term cash incentive deferred compensation plan.  Mr. Barbier also received awards of performance-based restricted share unit awards and service-based restricted share unit awards under the Company’s equity incentive plan as part of his fiscal 2012 compensation.  Vesting of the performance-based award will depend on the

 

 

Company achieving levels of total shareholder return relative to the average of the Standard & Poor’s 500 Index total shareholder return.

 

Compensation for Werner Widmann

 

Mr. Widmann’s current annual base salary is €327,349.  In addition, Mr. Widmann will participate in the Company’s annual incentive bonus plan.  Mr. Widmann also received awards of performance-based restricted share unit awards and service-based restricted share unit awards under the Company’s equity incentive plan as part of his fiscal 2012 compensation.  Vesting of the performance-based award will depend on the Company achieving levels of total shareholder return relative to the average of the Standard & Poor’s 500 Index total shareholder return.

 

2EXHIBIT 10.04

 

Summary of Directors’ Compensation

 

Under Singapore law, the Company may only provide cash compensation to its non-employee directors for services rendered in their capacity as directors with the prior approval from its shareholders at a general meeting.  At the 2011 Annual General Meeting, the Company’s shareholders approved certain changes in the cash compensation arrangements for the non-employee directors of the Company, including the non-executive Chairman.  As a result, the current cash compensation arrangements are as follows: (i) annual cash compensation of $85,000, payable quarterly in arrears, for services rendered as a director; (ii) additional annual cash compensation of $50,000, payable quarterly in arrears to the Chairman of the Audit Committee (if appointed) of the Board of Directors for services rendered as Chairman of the Audit Committee and for his or her participation on the Audit Committee; (iii) additional annual cash compensation of $15,000, payable quarterly in arrears to each other non-employee director who serves on the Audit Committee for his or her participation on the Audit Committee; (iv) additional annual cash compensation of $25,000, payable quarterly in arrears to the Chairman of the Compensation Committee (if appointed) of the Board of Directors for services rendered as Chairman of the Compensation Committee and for his or her participation on the Compensation Committee; (v)  additional annual cash compensation of $10,000, payable quarterly in arrears to each other non-employee director who serves on the Compensation Committee for his or her participation on the Compensation Committee; (vi) additional annual cash compensation of $15,000, payable quarterly in arrears to the Chairman of the Nominating and Corporate Governance Committee (if appointed) of the Board of Directors for services rendered as Chairman of the Nominating and Corporate Governance Committee and for his or her participation on the Nominating and Corporate Governance Committee; and (vii) additional annual cash compensation of $8,000, payable quarterly in arrears to each other non-employee director who serves on the Nominating and Corporate Governance Committee for his or her participation on the Nominating and Corporate Governance Committee.

 

The non-executive Chairman receives additional annual cash compensation of $100,000, payable quarterly in arrears, for services rendered as the non-executive Chairman and receives all other compensation payable to our non-employee directors, including cash compensation payable for service (including as Chairman) on any Board committees.

 

The non-employee directors, including the non-executive Chairman, also receive equity compensation as described in the Company’s proxy statement for the 2011 Annual General Meeting.Exhibit 10.1

 

[EXPLANATORY NOTE: portions of this exhibit have been omitted and separately filed with the Securities and Exchange Commission pursuant to a request for confidential treatment.]

 

STUMPAGE AGREEMENT

 

Between

 

NEENAH PAPER COMPANY OF CANADA

 

and

 

NORTHERN PULP NOVA SCOTIA CORPORATION

 

 

STUMPAGE AGREEMENT

 

This Agreement is made as of June 24, 2008 (the “Effective Date”) by and between Neenah Paper Company of Canada, a Nova Scotia unlimited liability company, located at 3460 Preston Ridge Road, Suite 600, Alpharetta, GA 30005 (“Neenah”) and Northern Pulp Nova Scotia Corporation, a Nova Scotia unlimited liability company, located at 260 Abercrombie Granton Branch Road, New Glasgow, Nova Scotia  B2H 5E8 (“NPNS”).

 

Recitals

 

A.            Neenah desires to sell and NPNS desires to purchase, on the terms and conditions hereinafter set forth, certain quantities and types of wood fibre located on the timberlands owned by Neenah in Nova Scotia, Canada.

 

Therefore, in consideration of the mutual covenants and agreements set forth herein, the parties hereto agree as follows:

 

Agreement

 

1.             Definitions.  For the purposes of this Agreement the capitalized terms set forth below shall have the meanings set forth after them:

 

1.1                               “AAC” or “Annual Allowable Cut”  [REDACTED]

 

 

1.2                               “Actual Designated Tracts” shall have the meaning set forth in Section 3.1(b)(ii).

 

1.3                               “Affected Party” shall have the meaning set forth in Section 7.5.

 

1.4                               “Affiliate” shall mean with respect to any Person, any Person Controlling, Controlled by, or under common Control with, such Person.

 

1.5                               “Agreement” means this stumpage agreement, including all of the Exhibits attached hereto which are hereby specifically incorporated herein, as this Agreement may be amended, supplemented or restated from time to time;

 

1.6                               “Annual Harvest Notice” shall mean the annual notice provided by NPNS to Neenah in accordance with the provisions of Section 3.1(c)(i).

 

 

1.7                               “Annual Purchase Amount” shall mean (a) for each of 2008 and 2009, the Softwood Volume and the associated Residual Qualifying Stumpage Volume set out in Exhibit C; and (b) for each Harvesting Year beginning January 1, 2010 through the remainder of the Term, the Softwood Volume and the associated 

 

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Residual Qualifying Stumpage Volume (prorated for any partial year during the Term).

 

1.8                               “Applicable Laws” shall mean, with respect to any Person, all laws, ordinances, judgments, decrees, injunctions, writs, orders, rules, regulations, determinations, licences, requirements and permits of any Governmental Authority applicable to or binding upon such Person or any of its property.

 

1.9                               “Base Price” shall mean the initial price for Qualifying Stumpage as more particularly described in Exhibit B attached hereto, as annually adjusted pursuant to the terms and conditions described in Exhibit B.

 

1.10                        “Business Day” shall mean any day other than a Saturday, Sunday, or other day on which banks are authorized to be closed in the Province of Nova Scotia, Canada or the State of New York, United States of America.

 

 

1.11                        [REDACTED]

 

 

1.12                        “Control” shall mean, with respect to any Person, the power to direct or cause the direction of the management of such Person, directly or indirectly, whether through the ownership of voting securities or otherwise.

 

1.13                        “Dispute” shall have the meaning set forth in Section 10(b)(i).

 

 

1.14                        “Effective Date” has the meaning set forth on page 1.

 

1.15                        “Event of Default” shall have the meaning set forth in Section 8.2.

 

1.16                        “Force Majeure Event” shall mean any act, omission or circumstance occasioned by or resulting from any acts of God, acts of the public enemy, wars, blockades, insurrections, riots, parasitic infestation, hurricanes, epidemics, landslides, lightning, earthquakes, tornadoes, windstorms, volcanoes, fires, storms, floods, disasters, civil disturbances, explosions, sabotage, endangered species habitation, change in Applicable Laws that materially impairs the ability of either party to comply with the terms of the Agreement, as well as disasters, explosions, strikes, energy supply failures or organized labour disputes that materially disrupt any of NPNS’s operations that results in a temporary or permanent shutdown of the Mill; provided, however, that “Force Majeure Event” shall not include (i) a party’s financial inability to perform other than as specifically described in this Agreement, or (ii) an act, omission or circumstance arising from the gross negligence or willful misconduct of the party claiming that a Force Majeure Event has occurred.

 

1.17                        “Governmental Authority” shall mean any federal, provincial, local or foreign government, political subdivision, agency, board, court, regulatory body or commission, any arbitrator with authority to bind a party at law, or any Person 

 

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acting lawfully on behalf of any of the foregoing.

 

1.18                        “Hardwood Pulpwood” shall mean hardwood trees meeting the applicable specifications set forth in Exhibit A attached hereto.

 

 

1.19                        “Hardwood Pulpwood Price” shall initially mean the price set forth on Exhibit B, as such price will be reset every January 1 during the Term as described in Exhibit B.

 

 

1.20                        “Hardwood Qualifying Stumpage” shall mean standing Timber which meets or exceeds the specifications for Hardwood Pulpwood or Hardwood Sawlogs set forth in Exhibit A to this Agreement.

 

 

1.21                        “Hardwood Sawlogs” shall mean hardwood trees meeting the applicable specifications set forth in Exhibit A attached hereto.

 

 

1.22                        “Hardwood Sawlogs Price” shall mean the price set forth on Exhibit B attached hereto (as such price will be reset every January 1 during the Term) as described in Exhibit B, the “Hardwood Sawlog Base Price” adjusted up or down on a quarterly basis on each Price Adjustment Date by the Stumpage Price Index.

 

1.23                        “Harvest Plan” shall have the meaning set forth in Section 3.1(c)(ii).

 

1.24                        “Harvesting Year” shall mean the period from January 1 through December 31 of each year during the Term.

 

 

1.25                        “Initiating Party” shall have the meaning set forth in Section 10(b)(iv).

 

1.26                        “Mediation Notice” shall have the meaning set forth in Section 10(b)(iv).

 

1.27                        “Mill” shall mean NPNS’s pulp mill located in Pictou County in the Province of Nova Scotia, Canada.

 

1.28                        “Person” means any individual, corporation, partnership, limited partnership, limited liability company, unlimited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or Governmental Authority.

 

1.29                        “Price Adjustment Date” shall mean the first day of each April, July and September during the Term.

 

1.30                        “Province” has the meaning set out in the definition in Section 1.11.

 

1.31                        “Qualifying Stumpage” shall mean collectively Hardwood Qualifying Stumpage and Softwood Qualifying Stumpage.

 

1.32                        “Qualifying Stumpage Price” shall mean, as applicable, the Hardwood Pulpwood Price for all Hardwood Pulpwood; the Hardwood Sawlogs Price for all 

 

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Hardwood Sawlogs; the Softwood Pulpwood Price for all Softwood Pulpwood; the Softwood Sawlog Price for all Softwood Sawlogs; and the Softwood Studwood Price for all Softwood Studwood.

 

1.33                        “Recipient Party” shall have the meaning set forth in Section 10(b)(iv).

 

1.34                        “Reduction Amount” shall have the meaning set forth in Section 7.5.

 

1.35                        “Residual Qualifying Stumpage Volume” means the Hardwood Sawlog and Hardwood Pulpwood volumes to be harvested from the Actual Designated Tracts that are within the Actual Allowable Cut.

 

1.36                        “SFI® Certification” means the Sustainable Forestry Initiative Certification received by Neenah for the Timberlands in October of 2007.

 

1.37                        “SMZ’s” shall mean Special Management Zones, environmentally protected zones designated as such by the mutual consent of Neenah and NPNS during the Term and in compliance with all Applicable Laws or as necessary to maintain SFI® Certification.

 

1.38                        “Short Harvesting Year” shall mean the period from the Effective Date through December 31, 2008.

 

1.39                        “Softwood Pulpwood” shall mean softwood trees meeting the applicable specifications set forth in Exhibit A attached hereto.

 

1.40                        “Softwood Pulpwood Price” shall mean the price set forth on Exhibit B attached hereto (the “Softwood Pulpwood Base Price”) adjusted up or down on a quarterly basis on each Price Adjustment Date by the Stumpage Price Index. The Softwood Pulpwood Base Price shall be reset every January 1 during the Term of the Agreement in accordance with the terms of Exhibit B.

 

1.41                        “Softwood Qualifying Stumpage” shall mean standing Timber which meets or exceeds the specifications for Softwood Sawlogs, Softwood Studwood and Softwood Pulpwood set forth in Exhibit A to this Agreement.

 

1.42                        “Softwood Sawables” means, collectively, the Softwood Sawlogs and Softwood Studwood.

 

1.43                        “Softwood Sawlogs” shall mean softwood trees meeting the applicable specifications set forth in Exhibit A attached hereto.

 

1.44                        “Softwood Sawlogs Price” shall mean the price set forth on Exhibit B attached hereto (the “Softwood Sawlogs Base Price”) adjusted up or down on a quarterly basis on each Price Adjustment Date by the Stumpage Price Index. The Softwood Sawlog Base Price shall be reset every January 1 during the Term of the Agreement in accordance with the terms of Exhibit B.

 

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1.45                        “Softwood Studwood” shall mean softwood trees meeting the applicable specifications set forth in Exhibit A attached hereto.

 

1.46                        “Softwood Studwood Price” shall mean the price set forth on Exhibit B attached hereto (the “Softwood Studwood Base Price”) adjusted up or down on a quarterly basis on each Price Adjustment Date by the Stumpage Price Index, as such price will be reset every January 1 during the Term in accordance with the terms of Exhibit B.

 

1.47                        “Softwood Volume”  shall mean the AAC measured in metric tons per year of Softwood Sawables and Softwood Pulpwood during the Term, as further described in Exhibit D.

 

1.48                        “Stumpage Price Index” [REDACTED]

 

1.49                        “Term” shall mean the term of this Agreement, namely the period from the Effective Date through May 15, 2018, unless sooner terminated in accordance with the provisions of Section 8.2 or 8.3 or extended in accordance with Section 8.4.

 

1.50                        “Timber” shall mean the following types of standing timber now or hereafter located on the Timberlands: Hardwood Pulpwood, Hardwood Sawlogs, Softwood Pulpwood, Softwood Sawlogs and Softwood Studwood.

 

1.51                        “Timberlands” shall mean those certain tracts of real property as described in Exhibit F.

 

1.52                        “Tracts” shall have the meaning set forth in Section 3.1.

 

1.53                        “Valuation Consultant” shall mean J.W. Sewall Company or a mutually agreed to alternative.

 

2.             Agreement to Sell and Purchase.

 

2.1          Quantities to be Harvested.  Subject to and in accordance with  the terms of this Agreement, Neenah agrees to sell to NPNS and NPNS agrees to purchase from Neenah for each Harvesting Year during the Term the Annual Purchase Amount applicable to such Harvesting Year.

 

3.             Designation of Tracts and Determination of Volumes.

 

3.1          Designation of Tracts to Be Harvested.  During the Term, NPNS shall designate the portions of the Timberlands (the “Tracts”) which NPNS shall harvest during each Harvesting Year.  A sufficient number of Tracts shall be identified so as to satisfy the Annual Purchase Amount.  NPNS shall follow the procedure for designating such Tracts hereinafter set forth in this Section 3.

 

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(a)          Certification of Tracts.  NPNS and Neenah  hereby acknowledge and agree that the Timberlands will, at all times during the Term, be owned, managed and operated in a manner consistent with and necessary to maintain the Timberlands’ SFI® Certification and that both parties will have responsibilities for maintaining such certification.  Notwithstanding the foregoing, NPNS shall be fully and solely responsible for maintaining the Timberlands’ SFI® Certification, provided that Neenah shall reasonably cooperate with NPNS with respect to the registration and maintenance of such certification.  Failure to perform its obligations under this Section 3.1 relating to the maintenance of  the Timberlands’ SFI® Certification shall be deemed a material breach of this Agreement.

 

(b)         Designation of Tracts to be Harvested in 2008 and Estimated Volumes for 2009.  Exhibit C attached hereto sets forth the portions of the Timberlands which NPNS shall harvest for the Short Harvesting Year and for the Harvesting Year commencing January 1, 2009 for the Annual Purchase Amount situated thereon in accordance with the terms of this Agreement.

 

(c)          Subsequent Designation of Tracts to be Harvested.  For the Harvesting Year commencing January 1, 2010, and for all subsequent Harvesting Years during the Term, the portions of the Timberlands which NPNS shall harvest shall be determined in accordance with the following procedure:

 

(i)             Designation of Potential Harvesting Areas.  On or before the first Business Day following October 1 prior to each applicable Harvesting Year except the Short Harvesting Year, NPNS shall designate in a written notice (the “Annual Harvest Notice”) to Neenah all of those portions of the Timberlands which it proposes to harvest during the subsequent Harvesting Year  including the estimated Qualifying Stumpage volumes thereon sufficient to satisfy the Annual Purchase Amount and the proposed route of access from a public road to the property boundary of each Tract.

 

(ii)          Selection of Actual Harvesting Areas.  During the 45-day period following receipt by Neenah of the applicable Annual Harvest Notice, Neenah shall review and provide to NPNS in writing, its consent or reasonable objection (including reasons therefor) to the proposed harvest plan.  To the extent there is a dispute regarding the volumes or the Tracts included in the proposed harvest plan, such dispute shall be subject to the dispute resolution process described in Article 10 of this Agreement.  The approved harvest plan (the “Harvest Plan”) shall identify each of the Tracts designated for harvest during the following year (the “Actual Designated Tracts”).  NPNS shall be entitled to amend a Harvest Plan to take into account market conditions arising or occurring after such Harvest Plan has been initially approved, or the occurrence of events other than Force Majeure Events, from time to time upon written notice to Neenah, subject to Neenah’s consent thereto, such consent not to be unreasonably withheld.

 

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3.2          Boundary and Timber Markings.  Prior to the scheduled commencement of harvesting activities on each applicable Actual Designated Tract as set forth in the harvesting schedule described below in Section 4.1, NPNS shall designate on the ground (using accepted local practices for marking boundary and cut lines) the boundary lines of such Actual Designated Tract.  The boundary lines shall clearly delineate the boundaries of the Actual Designated Tract from the boundaries of adjacent land not owned by Neenah, and from the boundaries of other Timberlands not constituting Actual Designated Tracts for such Harvesting Year.  Subject to Neenah’s reasonable acceptance and approval, NPNS, or NPNS’s third party contractor, shall designate on the ground (using accepted local practices for marking boundary and cut lines) all SMZ’s within the Actual Designated Tracts and any Qualifying Stumpage to be removed from such designated SMZ’s.

 

3.3          Harvesting of Hardwood Qualifying Stumpage.  During the Term, NPNS shall have the right, but not the obligation, as determined in its sole discretion, to harvest the annual AAC for Hardwood Qualifying Stumpage as set out in the Wood Stock Model.  This right is in addition to the Residual Qualifying Stumpage NPNS is committing to harvest pursuant to the harvesting procedures detailed in Article 4 of this Agreement.  All additional Hardwood Qualifying Stumpage shall be identified pursuant to Article 3 hereof.

 

4.             Harvesting Procedures.

 

4.1          Harvesting Schedule.  Following determination of the Actual Designated Tracts, NPNS shall provide a harvesting schedule to Neenah setting forth approximate start and completion dates relating to harvesting Qualifying Stumpage within each of the Actual Designated Tracts.  Neenah shall modify said harvesting schedule based upon any reasonable objections raised by Neenah with respect to any of said harvesting dates.  Notwithstanding the foregoing, NPNS shall harvest the Actual Designated Tracts on the basis of the quarterly harvesting notices provided by NPNS to Neenah every three (3) months during the Term of this Agreement, subject to the occurrence of a Force Majeure Event, and subject to the provisions of Section 4.3 below.

 

4.2          Timber Roads.  NPNS shall construct, or cause to be constructed, at NPNS’s sole cost and expense, haul roads to the Actual Designated Tracts necessary to provide NPNS with proper access to such Actual Designated Tracts for its harvesting operations.  Construction of such roads shall be accomplished in a good and workmanlike manner in compliance with the specifications set forth in Exhibit E.  Following the construction of said roads and continuing until the completion of harvesting operations on the Actual Designated Tract associated with such roads and the removal of all equipment and vehicles associated with such harvesting operations, NPNS shall at its sole cost and expense maintain and repair said roads.  Neenah shall be responsible for all haul roads which are not necessary for NPNS’s harvesting or access to tracts for silviculture, long-term placing or other related harvesting operations, and shall maintain and repair such roads at its sole cost and expense.  All such road construction, maintenance and repair shall be performed in a manner so as:

 

(i)             not to violate any Applicable Laws;

 

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(ii)          to maintain SFI® Certification; and

 

(iii)       so as not to interfere with NPNS’s operations.

 

Any Timber damaged or destroyed during the course of NPNS’ road construction shall be treated for purpose of this Agreement as if harvested by NPNS as part of harvesting operations on the associated Actual Designated Tract.

 

4.3          Timber Harvesting.  Subject to any amendment to the Harvest Plan, NPNS shall harvest (i.e., cut and remove) within each Harvesting Year all Qualifying Stumpage located on the Actual Designated Tracts for such Harvesting Year, or such smaller volume of Qualifying Stumpage as mutually agreed upon by Neenah and NPNS in writing, subject to the occurrence of a Force Majeure Event.  NPNS may identify in writing to Neenah prior to harvesting activities predominately hardwood stands or Tracts that contain in excess of 50% hardwood stands within any of the Actual Designated Tracts and “walk around” such stands.  All harvesting operations shall be conducted in accordance with all Applicable Laws, in a manner consistent with established industry logging practices or as necessary for the Timberlands to maintain SFI® Certification.  Upon severance of any portion of the Timber on the Timberlands by NPNS or its logging contractors, risk of loss, title to and ownership of such Timber shall pass to NPNS.  NPNS shall repair all fences or structures damaged by its harvesting operations and shall leave all roads, fire breaks, property lines, lakes, streams, and drainage ditches clear of logs, timber, limbs or other debris deposited there as a result of NPNS’s operations (as opposed to third party actions or naturally occurring events).  All oil drums, cans, bottles, cartons, delimbing bars, loading decks, abandoned equipment and other debris resulting from NPNS’ operations shall be removed from the applicable portions of the Timberlands upon completion of the harvesting operations at NPNS’s expense in accordance with Applicable Laws.  NPNS shall not bury any material underground or discharge, release or otherwise cause the Timberlands or any portion thereof to be affected by hazardous wastes or hazardous substances.  NPNS shall use normal and customary care while conducting its harvesting operations so as not to materially damage the Timberlands.  NPNS acknowledges that under SFI Standards a higher degree of care is required when the site is abnormally wet and that such circumstances may require NPNS to alter harvesting activities to accommodate the ground conditions; however, NPNS shall not be liable for any damage to the Timberlands caused by anyone other than NPNS or NPNS’s contractors engaged in harvesting, trucking or road construction on the portion of the Timberlands impacted by such damage.  In addition, Neenah shall retain all Carbon Credits related to or in any way associated with the Qualifying Stumpage pursuant to this Agreement.  For purposes of this Agreement “Carbon Credits” shall mean any calculable carbon offset or credit that could be generated from the Timberlands as such credits are available through the Chicago Climate Exchange or a similar market for carbon reduction or sequestration.

 

4.4          Unauthorized Cutting.  Neenah shall be entitled to seek all remedies available at law for timber trespass if NPNS or its contractors harvest or destroy any Timber that is outside an Actual Designated Tract; however, NPNS shall not be liable for any such damage to the Timberlands caused by anyone other than NPNS or contractors acting on NPNS’s behalf.

 

4.5          Access Rights.  Neenah hereby grants to NPNS the rights to ingress and egress over (i) the Tracts designated on Exhibit D during the Term for the sole purposes of 

 

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harvesting Qualifying Stumpage on the Actual Designated Tracts for a given Harvesting Year and all reasonable activities associated therewith, (ii) on all such other portions of the Timberlands as required to conduct its silviculture and SFI Certification obligations hereunder, and (iii) on all other Tracts comprising the Timberlands in order for NPNS to inspect and monitor existing timber plantations and continue collecting data for ongoing research and analysis.  If Neenah has provided NPNS with access to an Actual Designated Tract (through easement or otherwise), but NPNS prefers to enter upon lands not owned or subject to easement by Neenah, NPNS shall be solely responsible for securing permission to do so.

 

4.6          Silviculture.  NPNS shall carry out and pay for all silviculture work necessary to produce sufficient Silviculture Credits (as that term is referenced in the Forest Sustainability Regulations under the Forests Act (Nova Scotia)) to satisfy its operational requirements (including maintaining the AAC as detailed in Exhibit D).  NPNS shall have the right to all the “Silviculture Credits” created by the silviculture activities carried out on the Timberlands by NPNS during the Term and those Silviculture Credits created by the silviculture activities carried out on the Timberlands by Neenah in 2008, which credits Neenah shall assign to NPNS on the Effective Date.  NPNS shall provide Neenah with a silviculture plan (the “Silviculture Plan”) on an annual basis during the Term and copies of all silviculture activities filed with Nova Scotia Department of Natural Resources.  The annual Silviculture Plans shall be subject to Owner’s approval, which shall not be unreasonably withheld or delayed if the Silviculture Plan produces sufficient Silviculture Credits (as that term is referenced in the Forest Sustainability Regulations under the Forests Act (Nova Scotia) to satisfy its operational requirements (including maintaining the AAC as detailed in Exhibit D.  If NPNS fails to conduct silviculture work then Neenah shall have the right to include the per ton cost of Silviculture Credits in the calculation of the price for Qualifying Stumpage.

 

4.7          Timberland Management.  The parties shall enter into an administrative services agreement pursuant to which NPNS shall provide day-to-day administrative services for the Timberlands, including the ongoing migration of the Timberlands to convert title to Nova Scotia’s registration system.

 

5.             Prices and Payments.

 

5.1          Time of Payment.  All Qualifying Stumpage harvested and removed by NPNS from the Timberlands shall have an accompanying trip ticket.  All Qualifying Stumpage shall be weighed after harvest in a manner consistent with established industry logging practices.  Volumes will be based on volumes by product class shown on mill scale or load tickets. NPNS shall cause all logging contractors to maintain written log books of all loads or partial loads of Qualifying Stumpage cut and removed from the Timberlands and to (i) identify in such log books each load removed from the Timberlands; (ii) record in such log books the load ticket numbers for each load delivered to the Mill; (iii) deliver such log book for inspection by Neenah, as requested; and (iv) clearly tag, by adhering to guidelines reasonably required by Neenah, each load coming from the Timberlands before such load is removed from the Timberlands.  NPNS shall provide Neenah on a weekly basis with a list of scale tickets, a settlement statements, and any other supporting documentation reasonably requested by Neenah and shall remit payment to the Neenah within thirty (30) days of delivery of said settlement statement the total Qualifying

 

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Stumpage Price for all Qualifying Stumpage weighed-in during such week, except as otherwise detailed in Section 5.3 below.

 

5.2          Price Changes and Stumpage True-up.

 

Beginning in 2010, on each Price Adjustment Date, the Qualifying Stumpage Price for any product class of Qualifying Stumpage shall be adjusted upward or downward, as the case may be, as described in Article 1 of this Agreement.

 

5.3          [REDACTED]

 

6.             Indemnity.

 

6.1          Indemnification by Neenah.  Neenah shall defend, indemnify and hold NPNS harmless from and against any and all claims, liabilities, costs or damages (including without limitation reasonable attorneys’ fees and expenses and court costs through all appeals):

 

(i)             arising out of the performance or non-performance by Neenah of its covenants and obligations hereunder; or

 

(ii)          relating to the Timberlands, except for those claims, liabilities, costs or damages in respect of which NPNS has pursuant to Section 6.2 indemnified Neenah.

 

6.2          Indemnification by NPNS .  NPNS shall defend, indemnify and hold Neenah harmless from and against any and all claims, liabilities, costs or damages (including without limitation reasonable attorneys’ fees and expenses and court costs through all appeals) arising out of:

 

(i)             personal injury, death or property damage resulting from NPNS’ harvesting and silviculture operations, or NPNS’ access rights pursuant to Section 4.5, on the Timberlands or the presence of employees, agents or other invitees of NPNS on the Timberlands; and

 

(ii)          the performance or non-performance by NPNS of its covenants and obligations hereunder.

 

7.             Force Majeure.

 

7.1          Effect of Force Majeure.  Notwithstanding anything to the contrary contained in this Agreement, except for the obligation of a party to make payments accrued, due and owing hereunder at the time of the occurrence of a Force Majeure Event, the parties shall be excused from performing any of their respective obligations under this Agreement and shall not be liable in damages or otherwise on account of the non-performance of any such obligation, for so long as and to the extent that such party is unable to perform such obligation as a result of any Force Majeure Event.

 

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7.2          Mitigation and Notice.  The occurrence of a Force Majeure Event shall not relieve a party of its obligations and liability hereunder to the extent such party fails to use commercially reasonable efforts to 

 

remove the cause and remedy or mitigate the effects of the Force Majeure Event if, with commercially reasonable efforts, such party could have removed such cause or remedied or mitigated such effects.  In addition, no Force Majeure Event shall relieve a party of its obligations or liability hereunder unless such party shall give notice (including a reasonable description of such Force Majeure Event) to the other party as soon as reasonably possible and in any event within twenty (20) days of the occurrence of such Force Majeure Event. Upon request, the party whose obligations were suspended shall provide the other party with a plan for remedying the effects of such Force Majeure Event.

 

7.3          Failure to Give Notice.  A failure to give notice under Section 7.2 above “as soon as reasonably possible” will not affect the rights and obligations of the party whose obligations are suspended except if, and only to the extent that, the party which was entitled to receive such notice was actually prejudiced as a result of such failure.

 

7.4          Force Majeure Event Affecting Actual Designated Tracts.  If a Force Majeure Event makes a portion of any Actual Designated Tract unavailable or commercially impracticable for harvesting by NPNS in accordance with the harvesting schedule contemplated by the parties or if the Qualifying Stumpage is materially damaged by the Force Majeure Event, then NPNS shall promptly designate and Neenah shall approve and make available for harvesting such other portions of the Timberlands as shall be necessary to satisfy its obligations under this Agreement.

 

7.5          Volume Reduction Based on Force Majeure Event.  If the party that becomes subject to a Force Majeure Event (the “Affected Party”) reduces the volume of Qualifying Stumpage to be purchased or sold due to a Force Majeure Event (the amount of such reduction, the “Reduction Amount”), the Affected Party shall give written notice to the Non-Affected Party of such reduction and the effective date thereof.  If such reduction continues in effect for a period of sixty (60) days or more, the Non-Affected Party shall then have the right, in the case of Neenah, to sell all or part of the Reduction Amount of such Qualifying Stumpage not purchased by NPNS to another buyer or buyers, and in the case of NPNS, to purchase all or part of the Reduction Amount of Qualifying Stumpage not sold by Neenah from another seller or sellers, subject to the following:

 

(a)           the Non-Affected Party shall not enter into any contract for any such sale or purchase for a term longer than 12 consecutive months;

 

(b)           the Non-Affected Party shall give the Affected Party written notice of each such contract, including the volume sold or purchased hereunder and the term thereof;

 

(c)           the annual volume commitment of the Non-Affected Party for Qualifying Stumpage as specified herein shall be reduced by such volume sold or purchased under such contract for the duration thereof; and

 

(d)           any other plan of action  mutually agreed to by both parties.

 

11

 

8.             Term and Termination.

 

8.1          Term.  This Agreement shall expire on June 24, 2018, unless (i) this Agreement is terminated prior to such date for cause pursuant to Section 8.2 hereof or pursuant to Section 8.3 [REDACTED], or (ii) the term of this Agreement is extended by NPNS in accordance with Section 8.4.

 

8.2          Termination for Cause.  This Agreement shall immediately terminate if any one of the following events (each, a “default”) has occurred and is continuing on the tenth (10th) day after receipt of notice of an intent to cancel by reason of such default (each, an “Event of Default”);

 

(a)           failure to make any payment required hereunder when due which failure is not cured within ten (10) Business Days after receipt of written notice thereof; or

 

(b)           breach of any other material term of this Agreement, which breach is not cured within thirty (30) Business Days after receipt of written notice thereof; or

 

(c)           insolvency or the filing by or against NPNS or Neenah of a petition in bankruptcy (which, in the event of an involuntary bankruptcy, is not dismissed within ninety (90) days from the date of its commencement), or appointment by a court of a temporary or permanent receiver, trustee or custodian, but only if NPNS or Neenah, as applicable, is in breach of its obligations hereunder.

 

Termination shall not relieve a defaulting party of any liability to the nondefaulting party for breach of its obligations hereunder.

 

8.3          [REDACTED]

 

8.4          Extension of Term.  NPNS shall have the option to extend the Term an additional period to expire on July 31, 2021 (the “Renewal Term”) by providing written notice thereof to Neenah not later than November 30, 2017.  The Renewal Term shall be upon the same terms and conditions as the last five years of the original Term.

 

9.             Governing Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the Province of Nova Scotia, Canada and the federal laws of Canada applicable therein as to all matters, including but not limited to matters of validity, construction, effect, performance and remedies (without giving effect to any choice or conflict of law provision or rule).

 

10.          Dispute Resolution.

 

(a)           Consultation by Responsible Executives.

 

If there is any dispute, controversy or claim arising out of or relating to this Agreement, that the personnel designated by Neenah and NPNS respectively, with 

 

12

 

operational responsibility for implementing this Agreement are unable to resolve, each of the parties will cause its chief officer in charge of managing the Timberlands (or the chief operating officer of any manager of the Timberlands, as the case may be), to consult with each other promptly and in good faith to endeavor to resolve such dispute, controversy or claim before seeking mediation as provided in Section 10(b), but failure to do so shall not limit the right of either party to submit the issue to such.

 

(b)           Mediation.

 

(i)            In the event of any dispute, controversy or claim arising out of or relating to this Agreement or the breach, termination, or validity thereof, except for disputes in respect of which equitable relief is sought and except for any matter in respect of which this Agreement specifies a resolution mechanism, (a “Dispute”), the parties shall make a good faith attempt to settle the Dispute by mediation pursuant to the provisions of this Section 10(b).

 

(ii)           Unless the parties agree otherwise, the mediation shall be conducted in Halifax, Nova Scotia, in accordance with the National Mediation Rules of the ADR Institute of Canada, Inc. by a mediator who has the qualifications and experience set forth in paragraph (iv) of this Section 10(b) and is selected as provided in paragraph (iv) of this Section 10(b).

 

(iii)          Unless the parties agree otherwise, the mediator shall be an individual of recognized expertise and experience in the timber market in the general operating range of the Timberlands who has mediated cases involving similar transactions for the federal or provincial courts or for a reputable commercial alternative dispute resolution (“ADR”) firm or not-for-profit ADR organization.

 

(iv)          Either party (the “Initiating Party”) may initiate mediation of the Dispute by giving the other party (the “Recipient Party”) written notice (a “Mediation Notice”) setting forth a list of the names and resumes of qualifications and experience of three (3) impartial persons who the Initiating Party believes would be qualified as a mediator pursuant to the provisions of paragraph (iii) hereof.  Within seven (7) days after the delivery of the Mediation Notice, the Recipient Party shall give a counter-notice (the “Counter-Notice”) to the Initiating Party in which the Recipient Party may designate a person to serve as the mediator from among the three (3) persons listed by the Initiating Party in the Mediation Notice (in which event such designated person shall be the mediator).  If none of the persons listed in the Mediation Notice is designated by the Recipient Party to serve as the mediator, the Counter-Notice shall set forth a list of the names and resumes of three (3) impartial persons who the Recipient Party believes would be qualified as a mediator pursuant to the provisions of paragraph (iii) hereof.  Within seven (7) days after the delivery of the Counter-Notice, the Initiating Party may designate a person to serve as the mediator from among the three (3) persons listed by the Recipient Party in the Counter-Notice (in which event such designated person shall be the mediator).  If the parties cannot agree 

 

13

 

on a mediator from the three (3) impartial nominees submitted by each party, each party shall strike two (2) names from the other party’s list, and the two (2) remaining persons on both lists will jointly select as the mediator any person who has the qualifications and experience set forth in paragraph (iii) hereof.  If they are unable to agree, then the mediator will be selected by the ADR Institute of Canada, Inc.

 

(v)           If the Dispute cannot be settled within thirty (30) days after the mediator has been selected as provided above, either party may give the other and the mediator a written notice declaring the mediation process at an end, in which event either party may pursue any remedies available at law or in equity to resolve the Dispute.

 

(vi)          All conferences and discussions which occur in connection with mediation conducted pursuant to this Agreement shall be deemed settlement discussions, and nothing said or disclosed, nor any document produced which is not otherwise independently discoverable, shall be offered or received as evidence or used for impeachment or for any other purpose in any current or future arbitration or litigation.

 

(vii)         Each party shall bear its own costs and expenses with respect to mediation; provided that the costs of the mediator shall be shared equally between the parties.

 

11.          Assignment.

 

11.1        Assignment by Neenah.

 

(a)           Except as provided in this Section 11.1, this Agreement may not be assigned by Neenah in whole or in part.  Notwithstanding the foregoing, at any time during the Term, Neenah may assign this Agreement (i) to any lender or lenders as security for obligations to such lender or lenders in respect of the financing arrangements of Neenah or any Affiliate thereof with such lender or lenders, or (ii) upon prior written notice to NPNS, to any Person that is and at all times remains an Affiliate of Neenah or that merges, amalgamations or consolidates with or into Neenah or that acquires all or substantially all of the Timberlands.

 

(b)           Notwithstanding any other provision of this Agreement to the contrary, NPNS and Neenah acknowledge and agree that Neenah shall not be prohibited from selling all or any portion of the Timberlands; provided, however, that each such purchaser thereof shall agree to be bound by the terms of hereof with respect to the relevant Timberlands and the applicable portion of Qualifying Stumpage volumes required hereunder pursuant to a written instrument in form and in substance reasonably acceptable to NPNS, and no such sale shall give rise to any additional obligations on the part of NPNS to any such purchaser, or all of them in the aggregate, with respect to the subject matter of this Agreement or otherwise reduce NPNS’s rights as contemplated by 

 

14

 

this Agreement.  At the request of Neenah, upon any such sale, NPNS shall execute an amendment to this Agreement acknowledging the foregoing.

 

11.2        Assignment by NPNS .  Except as provided in this Section 11.2, this Agreement may not be assigned by NPNS in whole or in part.  Notwithstanding the foregoing, upon prior written notice to Neenah, NPNS may assign this Agreement (i) to any Person that is and at all times remains an Affiliate of NPNS or that merges or consolidates with or into NPNS or that acquires all or substantially all of the assets or stock of  NPNS, (ii) to any Person that purchases or leases the Mill or assumes responsibility for operating the Mill and assumes NPNS’s liabilities and obligations hereunder, or (iii) to any lender or lenders as security for obligations to such lender or lenders in respect of the financing arrangements of NPNS or any Affiliate thereof with such lender or lenders.

 

12.          Publicity.  This Agreement is confidential and neither party shall issue a press release or engage in other types of publicity of any nature dealing with the commercial and legal details of this Agreement without the other party’s prior written approval.  However, approval of such disclosure shall be deemed to be given to the extent such disclosure is required to comply with Applicable Laws. In such event, the publishing party shall furnish, in advance, a copy of such proposed disclosure, to the other party.

 

13.          Headings.  The headings contained in this Agreement are for convenience only and should not be construed to limit or expand any terms otherwise provided.

 

14.          Notices.  All notices, requests, demands and other communications provided for hereunder shall be in writing and personally delivered or sent by regular U.S.P.S. or Canada Post certified mail, facsimile or similar type of overnight courier to the applicable party at the address indicated below:

 

If to Neenah, to:

 

If to NPNS:

 

or by mail to

 

or, as to each party, at such other address as shall be designated by such party in a written notice to the other party complying as to delivery with the terms of this Section.  Notice shall be deemed received when (i) hand delivered; (ii) sent, after receipt of confirmation if sent by facsimile; (iii) five Business Days after deposit with the U.S.P.S. or Canada Post, postage prepaid, for certified mail; and (iv) one Business Day after delivery to overnight courier, properly addressed to the applicable party.

 

15.          Partial Illegality.  If any provision, or part of a provision, of this Agreement is held to be invalid or unenforceable under any Applicable Law, then the parties shall use all commercially reasonable efforts to replace the invalid or unenforceable provision by a provision that, to the extent permitted by Applicable Law, achieves the purposes intended under the original provision and to allow the parties to have the intended benefit of their bargain.  If it 

 

15

 

cannot be so reformed, it shall be omitted.  The balance of this Agreement shall remain valid and unchanged and in full force and effect.

 

16.          Waiver of Compliance.  Any delay or omission on the part of either party to this Agreement in requiring performance by the other party hereunder or in exercising any right hereunder shall not operate as a waiver of any provision of this Agreement or of any right or rights hereunder.  Further, any failure by either party to enforce at any time any term or condition under this Agreement shall not be considered a waiver of that party’s right thereafter to enforce each and every term and condition of this Agreement.

 

17.          Amendments and Waivers.  This Agreement may not be terminated, amended, supplemented, waived or modified orally, but only by a document in writing signed by the party against which the enforcement of such termination, amendment, supplement, waiver or modification is sought.  No waiver by any party of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any such prior or subsequent occurrence.

 

18.          Counterparts.  This Agreement may be executed by the parties hereto in separate counterparts, including by facsimile each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same document.  All signatures need not be on the same counterpart.

 

19.          Estoppel Certificates.  Either party shall, at no cost to the requesting party, from time to time, upon twenty (20) days prior request by the other party acting reasonably, execute, acknowledge and deliver to the requesting party a certificate signed by an officer of the certifying party stating that this Agreement is unmodified and in full force and effect (or, if there have been modifications, that this Agreement is in full force and effect as modified, and setting forth such modifications) and the dates through which payments have been made, and either stating that to the knowledge of the signer of such certificate no default exists under this Agreement or specifying each such default to which the signer has knowledge.

 

20.          Submission To Jurisdiction.  Without limiting the parties’ agreement to submit any and all disputes to mediation and arbitration as herein provided, if, notwithstanding said section, any party shall have the right to seek recourse to a court with respect to any dispute arising out of or related to this Agreement or the transactions contained in or contemplated by this Agreement, whether in tort or contract or at law or in equity, then any action or proceeding in respect of any such dispute shall be brought exclusively in any Superior Court in the Province of Nova Scotia (the “chosen courts”) and with respect to any such action each party (i) irrevocably submits to the exclusive jurisdiction of the chosen courts for such purposes, (ii) waives any objection to laying venue in any such action or proceeding in the chosen courts, (iii) waives any objection that the chosen courts are an inconvenient forum or do not have jurisdiction over any party hereto, and (iv) agrees that service of process upon such party in any such action or proceeding shall be effective if notice is given in accordance with Section 14 of this Agreement.  Each party agrees that a final judgment in any action or proceeding so brought shall be conclusive and may be enforced by suit on the judgment or in any other manner provided by 

 

16

 

law or at equity.  Each party also agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other court.

 

21.          Prevailing Party.  If either party brings any proceeding for the judicial or other interpretation, enforcement, termination, cancellation or rescission of this Agreement, or for damages for the breach thereof, the prevailing party in any such proceeding or appeal thereon shall be entitled to its reasonable attorneys’ fees and expenses and court and other reasonable costs incurred, to be paid by the losing party as fixed by the court in the same or a separate proceeding, and whether or not such proceeding is pursued to decision or judgment.

 

22.          Entire Agreement.  This Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and merges all prior discussions and negotiations between the parties related to this matter.  None of the parties shall be bound by any conditions, definitions, representations, or warranties with respect to the subject matter of this Agreement other than as expressly set forth above.

 

23.          Third-Party Beneficiaries.  Except as otherwise provided hereinafter,, this Agreement is intended to be solely for the benefit of the parties thereto and their permitted assigns and is not intended to and shall not confer any rights or benefits on any third party not a signatory hereto.

 

24.          Insurance. NPNS, or in the event that NPNS retains any third-party contractor to conduct harvesting operations on the Timberlands, NPNS or said third-party contractor shall, before conducting any operations, obtain and maintain the following types of insurance and be duly registered with the Nova Scotia Workers Compensation Board, in addition to any other insurance required by law:  (a) Worker’s Compensation and Employer’s Liability Insurance fully covering all operations; (b) Comprehensive Vehicle Liability Insurance, including owned, hired and non-owned vehicles, with limits of not less than $2,000,000 single occurrence and $2,000,000 cumulative bodily injury liability; and (c) Comprehensive or Commercial General Liability Insurance, including all contractual liability hereunder, with limits of not less than $2,000,000 single occurrence and $2,000,000 cumulative bodily injury liability.  Prior to the beginning of any harvesting operations hereunder, evidence of all such insurance and registration shall be furnished to Neenah if requested in writing.

 

25.          Construction and Enforcement.  In construing and enforcing this Agreement, the following rules shall be followed:

 

25.1        Control of Drafting.  Each provision of this Agreement shall be construed simply according to its fair meaning and not strictly for or against any party to this Agreement.  No consideration shall be given to the fact or presumption that any party to this Agreement had a greater or lesser hand in drafting this Agreement.

 

25.2        Captions.  Except for the boldfaced defined terms used in Section 1, in construing and enforcing this Agreement, no consideration shall be given to the captions of the articles, sections, subsections, and clauses of this Agreement, which are inserted for convenience in organizing and locating the provisions of this Agreement, not as an aid in its construction.

 

17

 

25.3        Plural and Singular Forms.  Plural words shall be understood to include their singular forms and vice versa.

 

25.4        Including.  The word “include” and its syntactical forms mean “include, but are not limited to,” and corresponding syntactical forms.  The principle of ejusdem generis shall not be used to limit the scope of the category of things illustrated by the items mentioned in a clause introduced by the word “including.”

 

25.5        Definitions.  A defined term has its defined meaning throughout this Agreement, regardless of where in this Agreement the term is defined.

 

25.6        Internal Cross-References.  Except as otherwise provided in this Agreement, a reference to an Article, Section, or clause means an article, section, or clause of this Agreement and may be understood to mean, for example, “Section 5.1 of this Agreement” or “Section 5.1 hereof.”  The term “Section” is used variously to identify entire Sections (as in “Section 3.1”), subsections (as in “Section 3.1(b)”), and clauses (as in “Section 3.1(b)(i)”).

 

25.7        Currency.  Unless otherwise specifically indicated herein all dollar amounts listed or described in this Agreement are expressed in lawful currency of Canada.                   .  

 

18

 

Executed as of the date first set forth above.

 

 

	
 
    	
NEENAH:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    	
NEENAH PAPER COMPANY OF CANADA
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Name: Sean Erwin
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Title: President and Chief Executive   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Signature page for Stumpage Agreement
    

 

19

 

	
 
    	
NPNS:
    
	
 
    	
 
    
	
 
    	
NORTHERN PULP NOVA SCOTIA CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    
	
 
    	
Name:  Sean Erwin
    
	
 
    	
 
    
	
 
    	
Title:   President and Chief   Executive Officer
    
	
 
    	
 
    
	
 
    	
Signature page for Stumpage Agreement
    
				

 

 

EXHIBIT A

 

Qualifying Stumpage Specifications

 

	
“Softwood Sawlogs” shall mean:
    	
 
    
	
 
    	
 
    	
 
    
	
(a)
    	
Length
    	
12,14, and 16 foot
    
	
(b)
    	
Trim
    	
2” to 8”
    
	
(c)
    	
Minimum top diameter
    	
4” outside bark
    
	
(d)
    	
Maximum diameter
    	
28” outside bark
    
	
(e)
    	
Acceptable species
    	
All Spruces & Jack Pine
    
	
(f)
    	
Dead wood
    	
White, sound, dead wood is acceptable – provided   no sap rot
    
	
 
    	
 
    	
 
    
	
(g)
    	
Burned wood
    	
No burned or charred wood
    
	
(h)
    	
Rot
    	
Not acceptable
    
	
(i)
    	
Stain
    	
Solid hard red stain acceptable (growth rings   must be visible)
    
	
(j)
    	
Sweep (& other)
    	
1/2 top diameter maximum sweep (e.g., less than   3” sweep on a 6” diameter bolt); no seams or forked pieces
    
	
(k)
    	
Limbs
    	
Must be cut flush with bole.
    
	
(l)
    	
Butt Flare
    	
No excessive butt flare
    
	
 
    	
 
    	
 
    
	
“Softwood Studwood”   shall mean:
    	
 
    
	
(a)
    	
Length
    	
8, 9 or 10 foot
    
	
(b)
    	
Trim
    	
2” to 8”
    
	
(c)
    	
Minimum top diameter
    	
3.6 inches outside bark
    
	
(d)
    	
Maximum top diameter
    	
12.0” outside bark
    
	
(e)
    	
Acceptable species
    	
All Spruces, Balsam Fir & Jack Pine
    
	
(f)
    	
Loads
    	
Mixed species loads
    
	
(g)
    	
Dead wood
    	
White, sound, dead wood is acceptable – provided   no sap rot
    
	
 
    	
 
    	
 
    
	
(h)
    	
Burned wood
    	
No burned or charred wood
    
	
(i)
    	
Rot
    	
Not Acceptable
    
	
(j)
    	
Stain
    	
Solid hard red Stain acceptable (growth rings   must be visible)
    
	
(k)
    	
Sweep (& other)
    	
1/2 top diameter maximum sweep (e.g., less than   3” sweep on a 6” diameter bolt); no seams or forked pieces
    
	
(l)
    	
Limbs
    	
Must be cut flush with bole.
    
	
(m)
    	
Butt Flare
    	
No excessive butt flare
    
	
 
    	
 
    	
 
    
	
“Softwood Pulpwood”   shall mean :
    	
 
    
	
(a)
    	
Length
    	
8 foot
    
	
(b)
    	
Trim
    	
2 to 8 inches
    
	
(c)
    	
Minimum top diameter
    	
2.5” outside bark for sawmill delivered   timber or 1” outside bark for full tree roadside flail chipper timber
    
	
(d)
    	
Maximum top diameter
    	
13.0” outside bark
    
	
(e)
    	
Acceptable species
    	
All softwood species
    
	
(f)
    	
Loads
    	
Mixed species loads permitted unless notified   in writing that species segregation is required (spruce/fir segregated from   other softwood species)
    
	
(g)
    	
Dead wood
    	
White, sound, dead wood is acceptable
    

 

 

	
(h)
    	
Rot
    	
Maximum 1⁄2 diameter (60% of end area) is   acceptable
    
	
(j)
    	
Burn/charred wood
    	
Unacceptable
    
	
(j)
    	
Sweep (& other)
    	
12” maximum sweep; no forked pieces
    
	
(k)
    	
Limbs
    	
Must be cut flush with bole.
    
	
 
    	
 
    	
 
    
	
“Hardwood Sawlogs”   shall mean:
    	
 
    
	
(a)
    	
Length
    	
7 or 8 foot
    
	
(b)
    	
Trim
    	
2 to 8 inches
    
	
(c)
    	
Minimum top diameter
    	
7.0 inches outside bark
    
	
(d)
    	
Maximum diameter
    	
36.0 inches outside bark
    
	
(e)
    	
Acceptable species
    	
sugar maple, red maple, yellow birch, white   birch, oak, ash, beech
    
	
(f)
    	
Clear faces
    	
minimum 2 clear faces
    
	
(g)
    	
Heart
    	
sugar & red maple – 1⁄2
    
	
(h)
    	
Stain
    	
no stain
    
	
(i)
    	
Rot
    	
red maple, beech no rot; all other species   over 10 inches top diameter with 3 clear faces up to 30% rot
    
	
(j)
    	
Burn/charred wood
    	
Unacceptable
    
	
(k)
    	
Sweep (& other)
    	
less 10 inches top diameter straight; less   than 3 inches over 10 inch top; no forks
    
	
(l)
    	
Limbs
    	
Must be cut flush with bole.
    
	
(m)
    	
Loads
    	
Mixed species loads acceptable
    
	
 
    	
 
    	
 
    
	
“Hardwood Pulpwood”   shall mean:
    	
 
    
	
(a)
    	
Length
    	
8 foot or 12 to 18 feet
    
	
(b)
    	
Minimum top diameter
    	
3.0 inches outside bark
    
	
(c)
    	
Maximum diameter
    	
18.0 inches outside bark
    
	
(d)
    	
Acceptable species
    	
All hardwood species except poplar
    
	
(e)
    	
Rot
    	
Sound and cut from living trees unless   specific market has tolerance for rot.
    
	
(f)
    	
Burn/charred wood
    	
Unacceptable
    
	
(g)
    	
Sweep (& other)
    	
Less than 6 inches; no forks; cut square at   ends
    
	
(h)
    	
Limbs
    	
Must be cut flush with bole.
    
	
(i)
    	
Butt Flare
    	
Butt flare and scarf removed
    

 

 

EXHIBIT B

 

Base Stumpage Prices

 

2008:                                                                     As described in Section 5.3 of the Agreement.

 

2009:                                                                     As described in Section 5.3 of the Agreement.

 

Remainder Of Term:                                       [REDACTED]

 

 

EXHIBIT C

 

2008 AND 2009 HARVEST PLANS

 

[REDACTED]

 

 

EXHIBIT D

 

AAC FOR SOFTWOOD VOLUME AND SILVICULTURE

 

[REDACTED]

 

 

EXHIBIT E

 

Road Specification

 

NPNS will improve or build temporary haul roads for the removal of Qualifying Stumpage as set forth in Section 4.2 under the following conditions:

 

1.               To the extent possible NPNS will use or improve existing haul roads.

 

2.               It is NPNS’s intent that construction of new haul roads will be held to the minimum necessary to remove the Qualifying Stumpage.

 

3.               Haul roads will be improved or designed for one lane traffic capable of accommodating standard 18 wheel tractor-trailer log trucks.  The road width will normally be 5.0 to 5.5 meters or less, unless terrain features require additional width.

 

4.               Roads will be designed to minimize the number of stream crossings.

 

5.               NPNS will be responsible for road construction cost.  However, if changes are made in the roads location or design solely for the benefit of Neenah, than the additional cost of those changes will be the responsibility of Neenah.

 

6.               The construction, maintenance, and use of haul roads will comply with all Applicable Laws and requirements necessary to maintain SFI ® Certification for the Timberlands.

 

7.               Following the completion of harvesting operations roads will be left in as good or better condition as existed prior to the harvesting.  Temporary stream crossing will be removed, and where necessary water control structures will be constructed.

 

8.               NPNS will notify Neenah of completion of the harvest operation and final road maintenance, after which responsibility for the road reverts to Neenah.

 

 

EXHIBIT F

 

Timberland Properties

 

All freehold interests in land owned by Neenah Paper Company of Canada (“NPCC”) in the Province of Nova Scotia and without limiting the generality of the foregoing, the following parcel identification (PID) numbers, deeds, agreements and conveyances.

 

ALL lands of NPCC in the Counties of Colchester, Cumberland, Guysborough, Halifax, Hants and Pictou title to which has been registered pursuant to the Registry Act and which are identified by the following Book and Page references:

 

County of Colchester

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark Worldwide, Inc.
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
30-Jun-01
    	
 
    	
06-Jul-01
    	
 
    	
987
    	
 
    	
998
    	
 
    	
2900
    	
 
    	
Various
    	
 
    
	
Arline E. Crowell
    	
 
    	
Kimberly Clark Inc.
    	
 
    	
30-Jan-02
    	
 
    	
12-Mar-02
    	
 
    	
101
    	
 
    	
384
    	
 
    	
1200
    	
 
    	
East Mountain
    	
 
    
	
Rothesay Paper Holdings Ltd.
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
08-Apr-02
    	
 
    	
30-May-02
    	
 
    	
102
    	
 
    	
101
    	
 
    	
2562
    	
 
    	
Lynn Mountain
    	
 
    
	
Reta Leach
    	
 
    	
Kimberly Clerk Inc.
    	
 
    	
05-Dec-02
    	
 
    	
27-Dec-02
    	
 
    	
105
    	
 
    	
150
    	
 
    	
6929
    	
 
    	
Kemptown
    	
 
    
	
F.W. Taylor Lumber Limited
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
22-Oct-02
    	
 
    	
20-Nov-02
    	
 
    	
104
    	
 
    	
924
    	
 
    	
6222
    	
 
    	
Eastville
    	
 
    
	
MacTara Limited
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
26-Feb-03
    	
 
    	
06-Mar-03
    	
 
    	
105
    	
 
    	
371
    	
 
    	
10002039
    	
 
    	
North River
    	
 
    
	
MacTara Limited
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
18-Mar-03
    	
 
    	
31-May-03
    	
 
    	
106
    	
 
    	
911
    	
 
    	
1011303
    	
 
    	
West Rv. Station
    	
 
    
	
Rothesay Paper Holdings
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
21-Mar-03
    	
 
    	
26-May-03
    	
 
    	
106
    	
 
    	
905
    	
 
    	
10023357
    	
 
    	
Castlereagh
    	
 
    
	
Rothesay Paper Holdings
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
21-Mar-03
    	
 
    	
26-May-03
    	
 
    	
106
    	
 
    	
905
    	
 
    	
10223357
    	
 
    	
Castlereagh
    	
 
    
	
Rothesay Paper Holdings
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
21-Mar-03
    	
 
    	
26-May-03
    	
 
    	
150
    	
 
    	
106
    	
 
    	
905
    	
 
    	
Castlereagh
    	
 
    
	
James R. & Sandra M.   Johnson
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
13-Jun-03
    	
 
    	
19-Jun-03
    	
 
    	
 
    	
 
    	
 
    	
 
    	
75033325
    	
 
    	
Whippy Lake
    	
 
    
	
James R & Sandra M.   Johnson
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
07-Nov-03
    	
 
    	
20-Nov-03
    	
 
    	
 
    	
 
    	
 
    	
 
    	
75113648
    	
 
    	
Bayhead
    	
 
    

 

County of Cumberland

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark Worldwide, Inc.
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
30-Jun-01
    	
 
    	
10-Jul-01
    	
 
    	
743
    	
 
    	
1
    	
 
    	
2150
    	
 
    	
Various
    	
 
    
	
Benjamin J. Fairbanks
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
31-Jan-02
    	
 
    	
27-Feb-02
    	
 
    	
757
    	
 
    	
766
    	
 
    	
659
    	
 
    	
West Bay
    	
 
    
	
Rothesay Paper Holdings
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
21-Mar-03
    	
 
    	
02-May-03
    	
 
    	
787
    	
 
    	
592
    	
 
    	
1402
    	
 
    	
Castlereagh
    	
 
    

 

County of Guysborough

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark Worldwide, Inc.
    	
 
    	
Kimberly-Clark Inc.
    	
 
    	
30-Jun-01
    	
 
    	
10-Jul-01
    	
 
    	
204
    	
 
    	
783
    	
 
    	
715
    	
 
    	
Various
    	
 
    

 

 

County of Halifax

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark   Worldwide, Inc.
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
30-Jun-01
    	
 
    	
09-Jul-01
    	
 
    	
6800
    	
 
    	
981
    	
 
    	
23454
    	
 
    	
Various
    	
 
    
	
Cathy   L. Risser
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
14-Jun-02
    	
 
    	
18-Jun-02
    	
 
    	
7069
    	
 
    	
632
    	
 
    	
24464
    	
 
    	
Lindsay   Lake
    	
 
    
	
Ledwidge   Lumber Co. Ltd.
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
14-Nov-02
    	
 
    	
29-Nov-02
    	
 
    	
7220
    	
 
    	
1166
    	
 
    	
52012
    	
 
    	
Glenmore
    	
 
    
	
MacTara   Limited
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
26-Feb-03
    	
 
    	
17-Mar-03
    	
 
    	
7295
    	
 
    	
38
    	
 
    	
9919
    	
 
    	
Guysboro   Rd.
    	
 
    
	
MacTara   Limited
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
18-Mar-03
    	
 
    	
01-Apr-03
    	
 
    	
7307
    	
 
    	
314
    	
 
    	
12155
    	
 
    	
Meaghers   Grant
    	
 
    

 

County of Hants

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark   Worldwide, Inc.
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
30-Jun-01
    	
 
    	
05-Jul-01
    	
 
    	
922
    	
 
    	
172
    	
 
    	
2730
    	
 
    	
Various
    	
 
    
	
MacTara   Limited
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
19-Feb-03
    	
 
    	
28-Feb-03
    	
 
    	
991
    	
 
    	
185
    	
 
    	
1037
    	
 
    	
Bennie   Muckle
    	
 
    
	
MacTara   Limited
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
26-Feb-03
    	
 
    	
11-Mar-03
    	
 
    	
992
    	
 
    	
234
    	
 
    	
1198
    	
 
    	
Goshen   Road
    	
 
    
	
MacTara   Limited
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
18-Mar-03
    	
 
    	
03-Apr-03
    	
 
    	
994
    	
 
    	
241
    	
 
    	
1496
    	
 
    	
Nine   Mile River
    	
 
    
	
MacTara   Limited
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
10-Apr-03
    	
 
    	
12-May-03
    	
 
    	
997
    	
 
    	
868
    	
 
    	
2060
    	
 
    	
Cogmagun
    	
 
    

 

County of Pictou

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark   Worldwide, Inc.
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
17-Jul-97
    	
 
    	
18-Jul-97
    	
 
    	
1244
    	
 
    	
764
    	
 
    	
4195
    	
 
    	
Granton
    	
 
    
	
Her   Majesty the Queen in right of the Province of Nova Scotia
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
24-Jun-99
    	
 
    	
20-Jul-99
    	
 
    	
1316
    	
 
    	
620
    	
 
    	
3185
    	
 
    	
Abercrombie
    	
 
    
	
Kimberly-Clark   Worldwide, Inc.
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
30-Jun-01
    	
 
    	
06-Jul-01
    	
 
    	
1383
    	
 
    	
76
    	
 
    	
2798
    	
 
    	
Various
    	
 
    
	
Lloyd   Jordan et al
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
03-Oct-01
    	
 
    	
10-Oct-01
    	
 
    	
1393
    	
 
    	
310
    	
 
    	
4472
    	
 
    	
McLellan
    	
 
    
	
Ronald J. MacDonald et ux
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
21-May-02
    	
 
    	
03-Jun-02
    	
 
    	
1420
    	
 
    	
320
    	
 
    	
2528
    	
 
    	
Bigney
    	
 
    
	
Sheldon Enos Hayter et ux
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
25-Jun-02
    	
 
    	
08-Jul-02
    	
 
    	
1425
    	
 
    	
665
    	
 
    	
3232
    	
 
    	
Gordon   Summit
    	
 
    
	
Serrick &   McCullough
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
11-Jan-02
    	
 
    	
03-Jan-24
    	
 
    	
1448
    	
 
    	
439
    	
 
    	
300
    	
 
    	
West   River
    	
 
    
	
David   Miller
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
28-Aug-03
    	
 
    	
24-Oct-03
    	
 
    	
1477
    	
 
    	
469
    	
 
    	
75087669
    	
 
    	
Lovat
    	
 
    
	
John   G. Fraser
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
28-Aug-03
    	
 
    	
19-Sep-03
    	
 
    	
1473
    	
 
    	
242
    	
 
    	
4192
    	
 
    	
Iron   Ore
    	
 
    
	
Gordon   Cameron
    	
 
    	
Kimberly-Clark   Inc.
    	
 
    	
06-Nov-03
    	
 
    	
14-Nov-03
    	
 
    	
1479
    	
 
    	
973
    	
 
    	
75106378
    	
 
    	
Union   Centre
    	
 
    

 

SAVING AND EXCEPTING out of the above Section I Lands, the following lands assigned or transferred by the grantee thereof subsequent to the acquisition of same:

 

Section I - Excepted Lands

 

 

County of Colchester

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Selective   Forest Mang. Ltd.
    	
 
    	
27-Feb-02
    	
 
    	
08-Mar-02
    	
 
    	
1015
    	
 
    	
960
    	
 
    	
1134
    	
 
    	
Folly   Lake
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Freeman   O. Cox
    	
 
    	
17-Nov-03
    	
 
    	
01-Dec-03
    	
 
    	
 
    	
 
    	
 
    	
 
    	
75127150
    	
 
    	
Stewiacke   Cross
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Nature   Conservancy
    	
 
    	
03-Mar-03
    	
 
    	
20-Mar-03
    	
 
    	
1059
    	
 
    	
376
    	
 
    	
10005560
    	
 
    	
Deyarmont   Lake
    	
 
    

 

County of Cumberland

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
G.M.   Field Ltd.
    	
 
    	
31-Jan-03
    	
 
    	
17-Feb-03
    	
 
    	
782
    	
 
    	
797
    	
 
    	
522
    	
 
    	
Fraserville
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
17-Mar-03
    	
 
    	
23-Apr-03
    	
 
    	
786
    	
 
    	
848
    	
 
    	
1266
    	
 
    	
Victoria
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
17-Mar-03
    	
 
    	
23-Apr-03
    	
 
    	
786
    	
 
    	
848
    	
 
    	
1266
    	
 
    	
Remshee   Grant
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Aqua   Vista Development Ltd.
    	
 
    	
08-Feb-02
    	
 
    	
07-May-02
    	
 
    	
762
    	
 
    	
166
    	
 
    	
1561
    	
 
    	
Mattatall   Lake
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Aqua   Vista Development Ltd.
    	
 
    	
14-Nov-02
    	
 
    	
28-Feb-03
    	
 
    	
783
    	
 
    	
477
    	
 
    	
669
    	
 
    	
Mattatall   Lake
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
17-Mar-03
    	
 
    	
23-Apr-03
    	
 
    	
786
    	
 
    	
848
    	
 
    	
1266
    	
 
    	
Tidnish
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Reginald &   Chad Winters
    	
 
    	
16-Jul-03
    	
 
    	
30-Jul-03
    	
 
    	
793
    	
 
    	
104
    	
 
    	
2585
    	
 
    	
Moose   River
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
01-May-02
    	
 
    	
08-May-02
    	
 
    	
762
    	
 
    	
265
    	
 
    	
1576
    	
 
    	
Travis   Road
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
01-May-02
    	
 
    	
08-May-02
    	
 
    	
762
    	
 
    	
265
    	
 
    	
1576
    	
 
    	
Mansfield
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
17-Mar-03
    	
 
    	
23-Apr-03
    	
 
    	
786
    	
 
    	
848
    	
 
    	
1266
    	
 
    	
Amherst
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
17-Mar-03
    	
 
    	
23-Apr-03
    	
 
    	
786
    	
 
    	
848
    	
 
    	
1266
    	
 
    	
Pugwash   Road
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
01-May-02
    	
 
    	
08-May-02
    	
 
    	
762
    	
 
    	
265
    	
 
    	
1576
    	
 
    	
Tidnish
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd
    	
 
    	
01-May-02
    	
 
    	
08-May-02
    	
 
    	
762
    	
 
    	
265
    	
 
    	
1576
    	
 
    	
Shinimicas
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
17-Mar-03
    	
 
    	
23-Apr-03
    	
 
    	
786
    	
 
    	
848
    	
 
    	
1266
    	
 
    	
Rockley
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
01-May-02
    	
 
    	
08-May-02
    	
 
    	
762
    	
 
    	
265
    	
 
    	
1576
    	
 
    	
Shinimicas
    	
 
    

 

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Rothesay   Paper Holdings Ltd.
    	
 
    	
01-May-02
    	
 
    	
08-May-02
    	
 
    	
762
    	
 
    	
265
    	
 
    	
1576
    	
 
    	
Shinimicas
    	
 
    

 

County of Halifax

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Halifax   Regional Municipality
    	
 
    	
31-Jan-03
    	
 
    	
19-Mar-03
    	
 
    	
7297
    	
 
    	
1155
    	
 
    	
10413
    	
 
    	
Pleasant   Valley
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Halifax   Water Commission
    	
 
    	
29-Jul-02
    	
 
    	
01-Aug-02
    	
 
    	
7115
    	
 
    	
1124
    	
 
    	
32493
    	
 
    	
Soldiers   Lake
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
John &   Stephen Rogers
    	
 
    	
26-Aug-03
    	
 
    	
15-Sep-03
    	
 
    	
7476
    	
 
    	
983
    	
 
    	
40683
    	
 
    	
South   Lake
    	
 
    
	
Kimberly-Clark   Inc
    	
 
    	
Ledwidge   Lumber
    	
 
    	
15-July-02
    	
 
    	
05-Dec-02
    	
 
    	
7227
    	
 
    	
260
    	
 
    	
53056
    	
 
    	
Fox   Lake
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Ledwidge   Lumber
    	
 
    	
31-Jan-03
    	
 
    	
26-Feb-03
    	
 
    	
7280
    	
 
    	
851
    	
 
    	
7086
    	
 
    	
Fox   Lake
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Ledwidge   Lumber
    	
 
    	
14-Feb-03
    	
 
    	
26-Feb-03
    	
 
    	
7280
    	
 
    	
856
    	
 
    	
7087
    	
 
    	
Fox   Lake
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Taylor   Lumber Co. Ltd.
    	
 
    	
22-Oct-02
    	
 
    	
03-Sep-04
    	
 
    	
7877
    	
 
    	
560
    	
 
    	
76230276
    	
 
    	
Gibraltor
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Nova   Scotia Power
    	
 
    	
24-Jul-01
    	
 
    	
30-Aug-01
    	
 
    	
6844
    	
 
    	
709
    	
 
    	
31379
    	
 
    	
E.   River Sheet Hbr.
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Tom   McInnis
    	
 
    	
11-Sep-03
    	
 
    	
13-May-04
    	
 
    	
7700
    	
 
    	
457
    	
 
    	
75496704
    	
 
    	
E.   River Sheet Hbr.
    	
 
    

 

County of Hants

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
S.   W. Weeks Construction Ltd.
    	
 
    	
29-Aug-02
    	
 
    	
09-Sep-02
    	
 
    	
972
    	
 
    	
665
    	
 
    	
4462
    	
 
    	
East   Uniacke
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Jennifer   A. Mailman
    	
 
    	
21-May-02
    	
 
    	
07-Oct-03
    	
 
    	
1018
    	
 
    	
357
    	
 
    	
4816
    	
 
    	
Mantletree   Lake
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Municipal   Enterprises Ltd.
    	
 
    	
06-Nov-01
    	
 
    	
21-Nov-01
    	
 
    	
939
    	
 
    	
188
    	
 
    	
5304
    	
 
    	
Panuke   Road
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Her   Majesty the Queen
    	
 
    	
12-Aug-02
    	
 
    	
23-Dec-02
    	
 
    	
984
    	
 
    	
720
    	
 
    	
6307
    	
 
    	
Uniacke
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
S.W.   Weeks Construction Ltd.
    	
 
    	
16-Dec-03
    	
 
    	
22-Dec-03
    	
 
    	
1028
    	
 
    	
975
    	
 
    	
6323
    	
 
    	
East   Uniacke
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
West   Hants Municipality
    	
 
    	
29-Aug-01
    	
 
    	
11-Sep-01
    	
 
    	
931
    	
 
    	
367
    	
 
    	
4021
    	
 
    	
Upper   Falmouth
    	
 
    

 

County of Pictou

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Sheldon E. Hayter et ux
    	
 
    	
12-Jun-02
    	
 
    	
26-Jun-02
    	
 
    	
1423
    	
 
    	
486
    	
 
    	
2972
    	
 
    	
Gordon   Summit
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Ashcroft   Equipment & Services
    	
 
    	
08-Jul-02
    	
 
    	
24-Jul-02
    	
 
    	
1427
    	
 
    	
782
    	
 
    	
3566
    	
 
    	
Baileys   Brook
    	
 
    
	
Kimberly-Clark   
    	
 
    	
D.   Porter & 
    	
 
    	
10-Nov-03
    	
 
    	
17-Nov-03
    	
 
    	
1480
    	
 
    	
167
    	
 
    	
108200
    	
 
    	
Kirkmount
    	
 
    

 

 

	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed Date
    	
 
    	
Reg. Date
    	
 
    	
Book
    	
 
    	
Page
    	
 
    	
Doc.
    	
 
    	
Location
    	
 
    
	
Inc.
    	
 
    	
Sons   Ltd.
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
John   G. Fraser
    	
 
    	
28-Aug-03
    	
 
    	
16-Oct-03
    	
 
    	
1476
    	
 
    	
581
    	
 
    	
4690
    	
 
    	
Iron   Ore
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Neil   MacKenzie
    	
 
    	
18-Dec-01
    	
 
    	
21-Dec-01
    	
 
    	
1402
    	
 
    	
862
    	
 
    	
5799
    	
 
    	
Glen   Road
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Thomas   E. Matheson
    	
 
    	
27-Jun-03
    	
 
    	
15-Jul-03
    	
 
    	
1464
    	
 
    	
548
    	
 
    	
2909
    	
 
    	
Fitzpatrick   Mtn.
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
David   J. McCarthy
    	
 
    	
13-Mar-03
    	
 
    	
17-Mar-03
    	
 
    	
1452
    	
 
    	
594
    	
 
    	
1034
    	
 
    	
Three   Brooks
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Don   MacLean & Duncan
    	
 
    	
14-Apr-03
    	
 
    	
22-Apr-03
    	
 
    	
1455
    	
 
    	
913
    	
 
    	
1541
    	
 
    	
Hopewell
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Burns   Family Woodlands
    	
 
    	
18-Mar-02
    	
 
    	
24-May-02
    	
 
    	
1419
    	
 
    	
8
    	
 
    	
2349
    	
 
    	
Elmfield
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Robert   Frame et ux
    	
 
    	
09-Dec-02
    	
 
    	
16-Dec-02
    	
 
    	
1445
    	
 
    	
130
    	
 
    	
6247
    	
 
    	
Lorne
    	
 
    
	
Kimberly-Clark   Inc.
    	
 
    	
Luddington   Logging Ltd.
    	
 
    	
19-Mar-03
    	
 
    	
Not   Registered
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Bridgeville
    	
 
    

 

AND SAVING AND EXCEPTING out of the above Section I Lands, all lands conveyed by NPCC to Atlantic Star Forestry Limited(“Atlantic Star”) and to Nova Star Forestry Limited(“Nova Star”), as follows:

 

	
County
    	
 
    	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed
   Date
    	
 
    	
Reg.
   Date
    	
 
    	
Doc. No.
    	
 
    
	
Colchester
    	
 
    	
NPCC
    	
 
    	
Nova   Star
    	
 
    	
27-Jun-06
    	
 
    	
10-Jul-06
    	
 
    	
85568468
    	
 
    
	
Colchester
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
10-Jul-06
    	
 
    	
85569359
    	
 
    
	
Colchester
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
10-Jul-06
    	
 
    	
85568922
    	
 
    
	
Colchester
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
10-Jul-06
    	
 
    	
85569227
    	
 
    
	
Cumberland
    	
 
    	
NPCC
    	
 
    	
Nova   Star
    	
 
    	
27-Jun-06
    	
 
    	
17-Jul-06
    	
 
    	
85631803
    	
 
    
	
Cumberland
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
17-Jul-06
    	
 
    	
85631522
    	
 
    
	
Guysborough
    	
 
    	
NPCC
    	
 
    	
Nova   Star
    	
 
    	
27-Jun-06
    	
 
    	
12-Jul-06
    	
 
    	
85587690
    	
 
    
	
Guysborough
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
12-Jul-06
    	
 
    	
85587567
    	
 
    
	
Guysborough
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
12-Jul-06
    	
 
    	
85587625
    	
 
    
	
Halifax
    	
 
    	
NPCC
    	
 
    	
Nova   Star
    	
 
    	
27-Jun-06
    	
 
    	
19-Jul-06
    	
 
    	
85664044
    	
 
    
	
Halifax
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
19-Jul-06
    	
 
    	
85664523
    	
 
    
	
Halifax
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
19-Jul-06
    	
 
    	
85664622
    	
 
    

 

 

	
County
    	
 
    	
Grantor
    	
 
    	
Grantee
    	
 
    	
Deed
   Date
    	
 
    	
Reg.
   Date
    	
 
    	
Doc. No.
    	
 
    
	
Hants
    	
 
    	
NPCC
    	
 
    	
Nova   Star
    	
 
    	
27-Jun-06
    	
 
    	
18-Jul-06
    	
 
    	
85649573
    	
 
    
	
Hants
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
18-Jul-06
    	
 
    	
85649201
    	
 
    
	
Hants
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
18-Jul-06
    	
 
    	
85649300
    	
 
    
	
Pictou
    	
 
    	
NPCC
    	
 
    	
Nova   Star
    	
 
    	
27-Jun-06
    	
 
    	
17-Jul-06
    	
 
    	
85633957
    	
 
    
	
Pictou
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
17-Jul-06
    	
 
    	
85634286
    	
 
    
	
Pictou
    	
 
    	
NPCC
    	
 
    	
Atlantic   Star
    	
 
    	
27-Jun-06
    	
 
    	
17-Jul-06
    	
 
    	
85634617
    	
 
    

 

ALL lands of NPCC in the Province of Nova Scotia, title to which is held by NPCC pursuant to the Land Registration Act, including the following parcel identification (“PID”) numbers:

 

	
ANTIGONISH   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
10094175
    	
 
    	
Afton   Road, Afton
    
	
 
    	
 
    	
10096337
    	
 
    	
Afton   Road, Afton
    
	
COLCHESTER   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
20002812
    	
 
    	
Cross   Road, Nuttby
    
	
 
    	
 
    	
20005112
    	
 
    	
No. 311   Highway, Kemptown
    
	
 
    	
 
    	
20005336
    	
 
    	
McKenzie   Settlement Road, North River
    
	
 
    	
 
    	
20005740
    	
 
    	
No. 311   Highway, North River
    
	
 
    	
 
    	
20005757
    	
 
    	
No. 311,   Highway, Central North River
    
	
 
    	
 
    	
20005948
    	
 
    	
No. 311   Highway, North River
    
	
COLCHESTER   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
20009130
    	
 
    	
Upper   Brookside Road, Upper Brookside
    
	
 
    	
 
    	
20009445
    	
 
    	
Jollytown   Road, Jollytown
    
	
 
    	
 
    	
20009569
    	
 
    	
Jollytown   Road, East Mountain
    
	
 
    	
 
    	
20011821
    	
 
    	
Pembroke   Road, Burnside
    

 

 

	
 
    	
 
    	
20012100
    	
 
    	
Jollytown   Road, East Mountain
    
	
 
    	
 
    	
20012118
    	
 
    	
Pictou   Road, East Mountain
    
	
 
    	
 
    	
20012126
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20012670
    	
 
    	
Pembroke   Road, Riversdale
    
	
 
    	
 
    	
20012837
    	
 
    	
No. 289   Highway, West River Station
    
	
 
    	
 
    	
20012845
    	
 
    	
No. 289   Highway, West River Station
    
	
 
    	
 
    	
20013157
    	
 
    	
No. 104   Highway, Kemptown
    
	
 
    	
 
    	
20013975
    	
 
    	
Pictou   Road, East Mountain
    
	
 
    	
 
    	
20014080
    	
 
    	
Upper   Kemptown Cross Road, Upper Kemptown
    
	
 
    	
 
    	
20046058
    	
 
    	
Upper   Brookfield Road, Upper Brookfield
    
	
 
    	
 
    	
20046173
    	
 
    	
Pembroke   Road, Greenfield
    
	
 
    	
 
    	
20046181
    	
 
    	
7216   Twin Lakes
    
	
 
    	
 
    	
20046744
    	
 
    	
Camden   Road, Camden
    
	
 
    	
 
    	
20046843
    	
 
    	
Jameson   Road, Lanesville
    
	
 
    	
 
    	
20048377
    	
 
    	
Cloverdale   Road, Burch Hill
    
	
 
    	
 
    	
20048401
    	
 
    	
Cloverdale   Road, Middle Stewiacke
    
	
 
    	
 
    	
20049227
    	
 
    	
No. 289   Highway, Middle Stewiacke
    
	
 
    	
 
    	
20049805
    	
 
    	
Camden   Road, Smithfield
    
	
 
    	
 
    	
20049821
    	
 
    	
Camden   Road, Smithfield
    
	
 
    	
 
    	
20050837
    	
 
    	
Ridge   Road, South Branch
    
	
 
    	
 
    	
20051132
    	
 
    	
Reids   Station Road, South Branch
    
	
 
    	
 
    	
20054011
    	
 
    	
Barry   Hill Road, Upper Stewiacke
    
	
 
    	
 
    	
20054847
    	
 
    	
No. 289   Highway, Newton Mills
    
	
 
    	
 
    	
20055091
    	
 
    	
Alex   Semple Road, Newton Mills
    
	
 
    	
 
    	
20055109
    	
 
    	
Alex   Semple Road, Newton Mills
    
	
 
    	
 
    	
20055448
    	
 
    	
Fisher   Road, Eastville
    
	
 
    	
 
    	
20055455
    	
 
    	
Fisher   Road, Eastville
    
	
 
    	
 
    	
20055539
    	
 
    	
Fisher   Road, Eastville
    
	
COLCHESTER   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
20055869
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20057360
    	
 
    	
Pembroke   Road, Island Lake
    
	
 
    	
 
    	
20058186
    	
 
    	
7216   Burnside
    
	
 
    	
 
    	
20058228
    	
 
    	
Lilyvale   Road, Smithfield
    

 

 

	
 
    	
 
    	
20058392
    	
 
    	
Lilyvale   Road, Smithfield
    
	
 
    	
 
    	
20074233
    	
 
    	
Shortts   Lake West Road, Shortts Lake
    
	
 
    	
 
    	
20076477
    	
 
    	
Riverside   Road, Riverside
    
	
 
    	
 
    	
20076626
    	
 
    	
Riverside,   Alton
    
	
 
    	
 
    	
20083655
    	
 
    	
Upper   Brookfield Branch Road, Upper Brookfield
    
	
 
    	
 
    	
20097473
    	
 
    	
Warwick   Mountain Road, New Annan
    
	
 
    	
 
    	
20098901
    	
 
    	
Truro   Road, East New Annan
    
	
 
    	
 
    	
20100632
    	
 
    	
Downing   Road, Belmont
    
	
 
    	
 
    	
20101895
    	
 
    	
Graham   Road, Staples Brook
    
	
 
    	
 
    	
20102117
    	
 
    	
East   Folly Mountain Road, Debert
    
	
 
    	
 
    	
20109641
    	
 
    	
Upper   Debert River Road, East Folly Mountain
    
	
 
    	
 
    	
20130878
    	
 
    	
No. 4   Highway, Folly Mountain
    
	
 
    	
 
    	
20131777
    	
 
    	
No. 4   Highway, Folly Mountain
    
	
 
    	
 
    	
20135414
    	
 
    	
Lynn   Road, Lynn
    
	
 
    	
 
    	
20138525
    	
 
    	
New   Brittain Road, Five Islands
    
	
 
    	
 
    	
20138988
    	
 
    	
Gerrish   Valley Road, Five Islands
    
	
 
    	
 
    	
20139960
    	
 
    	
Gerrish   Valley Road, Lower Economy
    
	
 
    	
 
    	
20152369
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20157012
    	
 
    	
Stewiacke   Road, West St. Andrews
    
	
 
    	
 
    	
20157178
    	
 
    	
Johnson   Road, Schubenacadie East
    
	
 
    	
 
    	
20158309
    	
 
    	
Cloverdale   Road, Middle Stewiacke
    
	
 
    	
 
    	
20158333
    	
 
    	
Cloverdale   Road, Cloverdale
    
	
 
    	
 
    	
20226403
    	
 
    	
Lynn   Road, Lynn
    
	
 
    	
 
    	
20233235
    	
 
    	
Lilyvale   Road, Twin Lakes
    
	
 
    	
 
    	
20233292
    	
 
    	
No. 289   Highway, Burnside
    
	
 
    	
 
    	
20233300
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20233383
    	
 
    	
No. 289   Highway, Burnside
    
	
 
    	
 
    	
20240065
    	
 
    	
Ridge   Road, South Branch
    
	
COLCHESTER   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
20280038
    	
 
    	
East   Folly Mountain Road, East Folly Mountain
    
	
 
    	
 
    	
20280566
    	
 
    	
Camden   Road, Camden
    
	
 
    	
 
    	
20289344
    	
 
    	
No. 104   Highway, Mount Thom
    
	
 
    	
 
    	
20290078
    	
 
    	
Sutherland   Road, Kemptown
    

 

 

	
 
    	
 
    	
20290086
    	
 
    	
Kemptown   Road, Kemptown
    
	
 
    	
 
    	
20311668
    	
 
    	
Pictou   Road, East Mountain
    
	
 
    	
 
    	
20311676
    	
 
    	
Pictou   Road, East Mountain
    
	
 
    	
 
    	
20311726
    	
 
    	
Pictou   Road, East Mountain
    
	
 
    	
 
    	
20311734
    	
 
    	
Pictou   Road, East Mountain
    
	
 
    	
 
    	
20311742
    	
 
    	
Pictou   Road, East Mountain
    
	
 
    	
 
    	
20318416
    	
 
    	
761   Westchester Road, Folly Lake
    
	
 
    	
 
    	
20326021
    	
 
    	
Otterbrook   Road, Burnside
    
	
 
    	
 
    	
20328340
    	
 
    	
Reid   Road, East Mines
    
	
 
    	
 
    	
20350088
    	
 
    	
No. 104   Highway, Lornevale
    
	
 
    	
 
    	
20353496
    	
 
    	
No. 311   Highway, North River
    
	
 
    	
 
    	
20353504
    	
 
    	
No. 311   Highway, North River
    
	
 
    	
 
    	
20358479
    	
 
    	
Mount   Thom Road, Mount Thom
    
	
 
    	
 
    	
20400230
    	
 
    	
7219   Riversdale
    
	
 
    	
 
    	
20403242
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20406872
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20407664
    	
 
    	
McKenzie   Settlement Road, North River
    
	
 
    	
 
    	
20407672
    	
 
    	
McKenzie   Settlement Road, North River
    
	
 
    	
 
    	
20409801
    	
 
    	
No. 311   Highway, North River
    
	
 
    	
 
    	
20410882
    	
 
    	
Lynn   Road, Lynn
    
	
 
    	
 
    	
20426938
    	
 
    	
Truro   Road, East New Annan
    
	
 
    	
 
    	
20434288
    	
 
    	
Hart   Lake Road, Hart Lake
    
	
 
    	
 
    	
20434692
    	
 
    	
Old   Debert Road, Warwick Mountain
    
	
 
    	
 
    	
20437521
    	
 
    	
Pictou   Road, Kemptown
    
	
 
    	
 
    	
20438065
    	
 
    	
Upper   Kemptown Cross Road, Upper Kemptown
    
	
 
    	
 
    	
20438073
    	
 
    	
Upper   Kemptown Cross Road, Upper Kemptown
    
	
 
    	
 
    	
20440418
    	
 
    	
Cloverdale   Road, Birch Hill
    
	
 
    	
 
    	
20440426
    	
 
    	
Cloverdale   Road, Middle Stewiacke
    
	
COLCHESTER   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
20440889
    	
 
    	
Jolly   Town Road, East Mountain
    
	
 
    	
 
    	
20441226
    	
 
    	
No. 104   Highway, Kemptown
    
	
 
    	
 
    	
20441234
    	
 
    	
No. 104   Highway, Kemptown
    
	
 
    	
 
    	
20442737
    	
 
    	
Stewiacke   Road, Lanesville
    

 

 

	
 
    	
 
    	
20442935
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20442943
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20442950
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20443164
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20445524
    	
 
    	
Stewiacke   Road, West St. Andrews
    
	
 
    	
 
    	
20446167
    	
 
    	
Camden   Road, Smithfield
    
	
 
    	
 
    	
20446175
    	
 
    	
Camden   Road, Smithfield
    
	
 
    	
 
    	
20446753
    	
 
    	
No. 289   Highway, Burnside
    
	
 
    	
 
    	
20446845
    	
 
    	
No. 289   Highway, Burnside
    
	
 
    	
 
    	
20447025
    	
 
    	
Pembroke   Road, Riversdale
    
	
 
    	
 
    	
20447058
    	
 
    	
No. 289   Highway, Burnside
    
	
 
    	
 
    	
20448270
    	
 
    	
Westchester   Road, Folly Lake
    
	
 
    	
 
    	
20448288
    	
 
    	
761   Westchester Road, Londonderry
    
	
 
    	
 
    	
20448718
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20450235
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450243
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450250
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450268
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450284
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450292
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450300
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450318
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450326
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450334
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450342
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450359
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450375
    	
 
    	
No. 289   Highway, Eastville
    
	
 
    	
 
    	
20450870
    	
 
    	
Pembroke   Road, Burnside
    
	
COLCHESTER   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
20450888
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20450896
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20450904
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20450912
    	
 
    	
No. 289   Highway, Burnside
    

 

 

	
 
    	
 
    	
20450920
    	
 
    	
No. 289   Highway, Burnside
    
	
 
    	
 
    	
20450938
    	
 
    	
Pembroke   Road, Burnside
    
	
 
    	
 
    	
20454179
    	
 
    	
Otter   Brook Road, Burnside
    
	
 
    	
 
    	
20457933
    	
 
    	
Gerrish   Valley Road, Lower Economy
    
	
CUMBERLAND   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
25165564
    	
 
    	
Swallow   Road, Wentworth
    
	
 
    	
 
    	
25165846
    	
 
    	
Lake   Road, Wentworth Centre
    
	
 
    	
 
    	
25346925
    	
 
    	
No. 104   Highway, Wentworth
    
	
 
    	
 
    	
25466509
    	
 
    	
Red   River Road, Red River
    
	
 
    	
 
    	
25469255
    	
 
    	
Swallow   Road, Wentworth
    
	
GUYSBOROUGH   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
35202100
    	
 
    	
Lorne   Road, Trafalgar
    
	
 
    	
 
    	
35202118
    	
 
    	
Lorne   Road, Trafalgar
    
	
 
    	
 
    	
35202126
    	
 
    	
Lorne   Road, Trafalgar
    
	
 
    	
 
    	
35202399
    	
 
    	
Lorne   Road, Trafalgar
    
	
 
    	
 
    	
35202415
    	
 
    	
Lorne   Road, Trafalgar
    
	
 
    	
 
    	
37531480
    	
 
    	
Cameron   Settlement Road, Trafalgar
    
	
 
    	
 
    	
37539830
    	
 
    	
Lower   Rocky Lake
    
	
 
    	
 
    	
37539848
    	
 
    	
Cameron   Settlement Road, Lower Rocky Lake
    
	
 
    	
 
    	
37582772
    	
 
    	
Cameron   Settlement Road, Trafalgar
    
	
HALIFAX   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
00437640
    	
 
    	
Pot   Lake, Murchyville
    
	
 
    	
 
    	
00437657
    	
 
    	
47   Square Lake, Moose River
    
	
 
    	
 
    	
00437699
    	
 
    	
Square   Lake, Moose River
    
	
 
    	
 
    	
00437707
    	
 
    	
Scraggy   Lake, Moose River
    
	
 
    	
 
    	
00437723
    	
 
    	
Second   Rocky Lake, Mooseland
    
	
 
    	
 
    	
00438127
    	
 
    	
Scraggy   Lake, Mooseland
    
	
 
    	
 
    	
00485201
    	
 
    	
Moose   River, Moose River Gold Mines, Grant 12355
    
	
HALIFAX   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
00485227
    	
 
    	
Long   Lake, Moose River Gold Mines, Grant 13061
    
	
 
    	
 
    	
00485268
    	
 
    	
Long   Lake, Moose River Gold Mines, Grant 19213
    
	
 
    	
 
    	
00565093
    	
 
    	
Sealoam   Lake, Sloane Lake
    
	
 
    	
 
    	
00568758
    	
 
    	
Ogilvie   Brook, Meaghers Grant
    

 

 

	
 
    	
 
    	
00596437
    	
 
    	
Benvie   Hill Road, Elmsvale
    
	
 
    	
 
    	
00596643
    	
 
    	
Frasers   Back Road, Centre Musqudoboit
    
	
 
    	
 
    	
00642819
    	
 
    	
Square   Lake, Moose River
    
	
 
    	
 
    	
00642876
    	
 
    	
Melvin   Lake, Moose River
    
	
 
    	
 
    	
40091217
    	
 
    	
Sheet   Harbour Road, Upper Musquodoboit Grant 19211
    
	
 
    	
 
    	
40201147
    	
 
    	
Ten   Mile Stream, Upper Musquodoboit
    
	
 
    	
 
    	
40201188
    	
 
    	
Ten   Mile Lake Road, Ten Mile Lake
    
	
 
    	
 
    	
40201204
    	
 
    	
McNeil   Brook, Tait Lake, Grant 12023A
    
	
 
    	
 
    	
40201212
    	
 
    	
Tait   Lake, Como Lake, Grant 5203
    
	
 
    	
 
    	
40201220
    	
 
    	
Ten   Mile Lake Road, Seven Mile Stream Grant 18089
    
	
 
    	
 
    	
40201675
    	
 
    	
Smith   Brook, Union Dam
    
	
 
    	
 
    	
40201725
    	
 
    	
Deadwater   Brook, Union Dam
    
	
 
    	
 
    	
40201840
    	
 
    	
Union   Dam Flowage
    
	
 
    	
 
    	
40201923
    	
 
    	
Twelve   Mile Stream, Abraham Lake
    
	
 
    	
 
    	
40202327
    	
 
    	
Pug   Lake, Upper Musquodoboit, Grant 10202
    
	
 
    	
 
    	
40202335
    	
 
    	
Pinch   Gut Road, Upper Musquodoboit, Grant 10195
    
	
 
    	
 
    	
40202384
    	
 
    	
Pug   Lake, Upper Musquodobit, Grant 7068
    
	
 
    	
 
    	
40202392
    	
 
    	
Pug   Lake, Upper Musquodoboit, Grant 18950
    
	
 
    	
 
    	
40202418
    	
 
    	
Seven   Mile Stream, Upper Musquodoboit
    
	
 
    	
 
    	
40202434
    	
 
    	
Seven   Mile Stream, Upper Musquodoboit
    
	
 
    	
 
    	
40202442
    	
 
    	
Seven   Mile Stream, Upper Musquodoboit, Grant 10196
    
	
 
    	
 
    	
40208753
    	
 
    	
Loon   Lake
    
	
 
    	
 
    	
40208795
    	
 
    	
Moose   Lake, College Lake
    
	
 
    	
 
    	
40208902
    	
 
    	
Loon   Lake
    
	
 
    	
 
    	
40210320
    	
 
    	
Seven   Mile Lake, Chaplin, Grant 18948
    
	
 
    	
 
    	
40210338
    	
 
    	
Seven   Mile Lake, Chaplin, Grant 10201
    
	
 
    	
 
    	
40216970
    	
 
    	
Cope   Plain, Murchyville
    
	
HALIFAX   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
40218208
    	
 
    	
Wittenburg   Road, Chaswood
    
	
 
    	
 
    	
40218323
    	
 
    	
No. 224   Highway, Cooks Brook
    
	
 
    	
 
    	
40218794
    	
 
    	
No. 224   Highway, Cooks Brook
    

 

 

	
 
    	
 
    	
40220691
    	
 
    	
Cross   Lake, Lochaber Mines
    
	
 
    	
 
    	
40220709
    	
 
    	
Cross   Lake, Sheet Harbour, Grant 15456
    
	
 
    	
 
    	
40231847
    	
 
    	
Kent   Lake, Marinette
    
	
 
    	
 
    	
40232258
    	
 
    	
Keefe   Lake, Mooseland, Grant 16936
    
	
 
    	
 
    	
40232266
    	
 
    	
Keefe   Lake, Mooseland, Grant 16932
    
	
 
    	
 
    	
40232274
    	
 
    	
Keefe   Lake, Mooseland, Grant 12092
    
	
 
    	
 
    	
40232290
    	
 
    	
Keefe   Lake, Mooseland, Grant 9290
    
	
 
    	
 
    	
40232308
    	
 
    	
Keefe   Lake, Mooseland
    
	
 
    	
 
    	
40232472
    	
 
    	
Lake   Atlanta, Marinette
    
	
 
    	
 
    	
40232480
    	
 
    	
Southwest   Lake, Marinette, Grant 7787
    
	
 
    	
 
    	
40232498
    	
 
    	
Southwest   Lake, Marinette
    
	
 
    	
 
    	
40232506
    	
 
    	
No. 224   Highway, Marinette
    
	
 
    	
 
    	
40248999
    	
 
    	
Fish   River, Grant 19430
    
	
 
    	
 
    	
40249005
    	
 
    	
Scraggy   Lake, Mooseland, Grant 19218
    
	
 
    	
 
    	
40249062
    	
 
    	
Dog   Lake, Moose River Gold Mines
    
	
 
    	
 
    	
40249096
    	
 
    	
Shingle   Lake, Mooseland, Grant 14031
    
	
 
    	
 
    	
40249591
    	
 
    	
Little   Yellow Lake, Moose River
    
	
 
    	
 
    	
40251159
    	
 
    	
Benvie   Hill Road, Elmsvale
    
	
 
    	
 
    	
40307092
    	
 
    	
Mooseland   Road, Moose River
    
	
 
    	
 
    	
40755605
    	
 
    	
Chain   of Lake, Meaghers Grant
    
	
 
    	
 
    	
40771339
    	
 
    	
Robinsons   Lake, Meahers Grant, Grant 12826
    
	
 
    	
 
    	
40771347
    	
 
    	
No. 357   Highway, Crawford Bridge
    
	
 
    	
 
    	
41200734
    	
 
    	
Moose   Lake, College Lake
    
	
 
    	
 
    	
41200767
    	
 
    	
Loon   Lake
    
	
 
    	
 
    	
41200775
    	
 
    	
St.   Mary’s Road, Loon Lake
    
	
HALIFAX   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
41200783
    	
 
    	
Moose   Lake, College Lake
    
	
 
    	
 
    	
41215914
    	
 
    	
Beaver   Dam, Mines Road, Marinette
    
	
 
    	
 
    	
41263989
    	
 
    	
No. 357   Highway, Crawford Bridge
    

 

 

	
 
    	
 
    	
41264250
    	
 
    	
Fish   River, Moose River Gold Mines
    
	
 
    	
 
    	
41270075
    	
 
    	
Second   Rocky Lake, Mooseland
    
	
 
    	
 
    	
41273608
    	
 
    	
Ten   Mile Stream, Upper Musquodoboit
    
	
 
    	
 
    	
41294554
    	
 
    	
Long   Lake, Moose River Gold Mines
    
	
 
    	
 
    	
41317009
    	
 
    	
Dog   Lake, Moose River Gold Mines
    
	
 
    	
 
    	
41319195
    	
 
    	
Seven   Mile Stream, Upper Musquodoboit
    
	
 
    	
 
    	
41319203
    	
 
    	
Ten   Mile Lake Road, Ten Mile Lake
    
	
 
    	
 
    	
41319377
    	
 
    	
Pinch   Gut Road, Portion of Grant 10195
    
	
 
    	
 
    	
41319476
    	
 
    	
Pug   Lake, Upper Musquodoboit, Portion of Grant 7068
    
	
 
    	
 
    	
45100971
    	
 
    	
Georgefield   Road, MacPhees Corner
    
	
 
    	
 
    	
45104197
    	
 
    	
No. 215   Highway, South Maitland
    
	
 
    	
 
    	
45115649
    	
 
    	
Barr   Settlement Road, Upper Kennetcook
    
	
HANTS   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
45119427
    	
 
    	
Angevine   Road, Upper Kennetcook
    
	
 
    	
 
    	
45160272
    	
 
    	
Glenco   Road, Maple Grove
    
	
 
    	
 
    	
45160314
    	
 
    	
Glenco   Road, Maple Grove
    
	
 
    	
 
    	
45160389
    	
 
    	
Glenco   Road, South Maitland
    
	
 
    	
 
    	
45160397
    	
 
    	
Glenco   Road, South Maitland
    
	
 
    	
 
    	
45160413
    	
 
    	
Fire   Road, Urbania
    
	
 
    	
 
    	
45160538
    	
 
    	
Rock   Road, South Maitland
    
	
 
    	
 
    	
45160579
    	
 
    	
No. 215   Highway, South Maitland
    
	
 
    	
 
    	
45161106
    	
 
    	
Salem   Cross Road, North Salem
    
	
 
    	
 
    	
45161148
    	
 
    	
King   Road, MacPhees Corner
    
	
 
    	
 
    	
45161189
    	
 
    	
Georgefield   Road, Georgefield
    
	
 
    	
 
    	
45165222
    	
 
    	
No. 236   Highway, Upper Kennetcook
    
	
 
    	
 
    	
45165230
    	
 
    	
No. 236   Highway, Upper Kennetcook
    
	
 
    	
 
    	
45165263
    	
 
    	
King   Road, Upper Kennetcook
    
	
 
    	
 
    	
45171477
    	
 
    	
William   McCulloch Road, Upper Kennetcook
    
	
 
    	
 
    	
45233277
    	
 
    	
Glenco   Road, Maple Grove
    
	
HANTS   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
45365947
    	
 
    	
Rock   Road, South Maitland
    
	
 
    	
 
    	
45366036
    	
 
    	
Rock   Road, South Maitland
    
	
 
    	
 
    	
45366051
    	
 
    	
Rock   Road, South Maitland
    

 

 

	
 
    	
 
    	
45366093
    	
 
    	
No. 236   Highway, Five Mile River
    
	
 
    	
 
    	
45366101
    	
 
    	
King   Road, MacPhees Corner
    
	
 
    	
 
    	
45366127
    	
 
    	
King   Road, MacPhees Corner
    
	
 
    	
 
    	
45366242
    	
 
    	
Georgefield   Road, Georgefield
    
	
PICTOU   COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
 
    	
 
    	
00801209
    	
 
    	
No. 348   Highway, Pictou Landing
    
	
 
    	
 
    	
00801415
    	
 
    	
No. 348   Highway Pictou Landing
    
	
 
    	
 
    	
00847079
    	
 
    	
No. 104   Highway, Alma
    
	
 
    	
 
    	
00852889
    	
 
    	
Back   Road, Six Mile Brook
    
	
 
    	
 
    	
00865303
    	
 
    	
No. 106   Highway, Granton
    
	
 
    	
 
    	
00865469
    	
 
    	
Granton   Abercrombie Road, Alma
    
	
 
    	
 
    	
00865485
    	
 
    	
Granton   Abercrombie Road, Granton
    
	
 
    	
 
    	
00867036
    	
 
    	
Glenfalloch   Road, Frasers Mountain
    
	
 
    	
 
    	
00878389
    	
 
    	
Chance   Harbour Road, Chance Harbour
    
	
 
    	
 
    	
00886655
    	
 
    	
No. 104   Highway, Woodburn
    
	
 
    	
 
    	
00966671
    	
 
    	
Glenfalloch   Road, Woodburn
    
	
 
    	
 
    	
65016081
    	
 
    	
Glenfalloch   Road, Anderson Mountain
    
	
 
    	
 
    	
65170508
    	
 
    	
Granton   Abercrombie Road, Alma
    
	
 
    	
 
    	
65170516
    	
 
    	
Granton   Abercrombie Road, Alma
    
	
 
    	
 
    	
65170565
    	
 
    	
No. 106   Highway, Granton
    
	
 
    	
 
    	
65170656
    	
 
    	
Chance   Harbour Road, Chance Harbour
    
	
 
    	
 
    	
65170680
    	
 
    	
Mount   William Road, Granton
    
	
 
    	
 
    	
65181240
    	
 
    	
Back   Road, Six Mile Brook
    

 

 

SAVING AND EXCEPTING out of the above the following parcels that have been conveyed out by NPCC, but in respect of which the deed of conveyance may not have been registered as of the date hereof:

 

	
COUNTY
    	
 
    	
PID
    	
 
    	
LOCATION
    
	
ANTIGONISH
    	
 
    	
10094175
    	
 
    	
Afton   Road, Afton
    
	
 
    	
 
    	
10096337
    	
 
    	
Afton   Road, Afton
    
	
CUMBERLAND
    	
 
    	
25466509
    	
 
    	
Red   River Road, Red River
    
	
PICTOU
    	
 
    	
00801209
    	
 
    	
No. 348   Highway, Pictou Landing
    
	
 
    	
 
    	
00801415
    	
 
    	
No. 348   Highway Pictou Landing
    
	
 
    	
 
    	
00847079
    	
 
    	
No. 104   Highway, Alma
    
	
 
    	
 
    	
00865303
    	
 
    	
No. 106   Highway, Granton
    
	
 
    	
 
    	
00865469
    	
 
    	
Granton   Abercrombie Road, Alma
    
	
 
    	
 
    	
00865485
    	
 
    	
Granton   Abercrombie Road, Granton
    
	
 
    	
 
    	
00867036
    	
 
    	
Glenfalloch   Road, Frasers Mountain
    
	
 
    	
 
    	
00878389
    	
 
    	
Chance   Harbour Road, Chance Harbour
    
	
 
    	
 
    	
00886655
    	
 
    	
No. 104   Highway, Woodburn
    
	
 
    	
 
    	
00966671
    	
 
    	
Glenfalloch   Road, Woodburn
    
	
 
    	
 
    	
65016081
    	
 
    	
Glenfalloch   Road, Anderson Mountain
    
	
 
    	
 
    	
65170508
    	
 
    	
Granton   Abercrombie Road, Alma
    
	
 
    	
 
    	
65170516
    	
 
    	
Granton   Abercrombie Road, Alma
    
	
 
    	
 
    	
65170565
    	
 
    	
No. 106   Highway, Granton
    
	
 
    	
 
    	
65170656
    	
 
    	
Chance   Harbour Road, Chance Harbour
    
	
 
    	
 
    	
65170680
    	
 
    	
Mount   William Road, Granton

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00193-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00193-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00193-of-00352.parquet"}]]