Document:

EX-10.1

 Exhibit 10.1 

Dendreon Corporation 
 101-J Morris Commons Lane 

Suite 145 
 Morrisville, North Carolina 27560 

February 26, 2015 
 [Name] 

[Address] 
 [Address] 

Dear [            ]: 

We are very pleased to extend this offer to join Dendreon Corporation (“Dendreon”) as [title], reporting directly to the Board of Directors of
Dendreon. Your start date will be [    ]. 
 This is a full-time, exempt position anticipated to have a short-term duration, with a
monthly base salary of $[    ] (corresponding to an annual base salary of $[    ]), less any required or authorized deductions or withholdings. 

You will not be eligible for any annual bonuses or long-term incentive bonuses. Furthermore, you will not be eligible for any employee benefits
at Dendreon, including the medical plan and the 401(k) Plan which will be terminated effective as of February 23, 2015. In addition, given the short-term nature of this arrangement, you will not be eligible to earn or accrue vacation or other
paid-time off. 
 Dendreon will pay, or promptly reimburse, you for all reasonable, out-of-pocket travel and business expenses incurred in the performance
of your duties on behalf of Dendreon for which you submit the required supporting documentation and otherwise fully complies with Dendreon’s travel and expense reimbursement policy as in effect from time to time. 

As noted, the employment opportunity, which Dendreon offers, is of indefinite duration and will continue as long as both you and Dendreon consider it of
mutual benefit. Your employment is “at will”: that means either you or Dendreon are free to terminate the employment relationship at any time, for any or no reason and without advance notice. The terms of this offer letter, therefore, do
not create either an express and/or implied contract of employment with the Company. Without limiting the foregoing, Dendreon will reevaluate your employment opportunity and the terms and conditions hereunder following the bar date in its bankruptcy
proceedings and in consultation with its creditors. For the avoidance of doubt, your Executive Employment Agreement dated [     ] with Dendreon was terminated on February 23, 2015 and is wholly void and of no force or effect.

 This offer letter shall be governed by, and construed in accordance with, the laws of the State of New Jersey as though made and to be fully performed in
that State. Venue for any action arising from this offer letter shall be exclusively in New Jersey. 
 Upon your termination of employment for any reason,
unless otherwise requested by Dendreon’s Board of Directors, you will immediately resign as of the termination date from all positions that you hold or have ever held with Dendreon. You agree to execute any and all documentation to effectuate
such resignations upon request by Dendreon, but you will be treated for all purposes as having so resigned upon termination of his employment, regardless of when or whether you execute any such documentation. 

 You and Dendreon agree that if a dispute arises concerning or relating to your employment with Dendreon, or the
termination of your employment, such dispute shall be submitted to binding arbitration under the rules of the American Arbitration Association regarding resolution of employment disputes in effect at the time such dispute arises. The arbitration
shall take place in New Jersey, before a single experienced arbitrator licensed to practice law in New Jersey and selected in accordance with the American Arbitration Association rules and procedures. Except as provided below, you and Dendreon agree
that this arbitration procedure will be the exclusive means of redress for any disputes relating to or arising from your employment with Dendreon or your termination, including disputes over rights provided by federal, state, or local statutes,
regulations, ordinances, and common law, including all laws that prohibit discrimination based on any protected classification. The parties expressly waive the right to a jury trial, and agree that the arbitrator’s award shall be final and
binding on both parties, and shall not be appealable. The arbitrator shall have discretion to award monetary and other damages, and any other relief that the arbitrator deems appropriate and is allowed by law. 

To indicate your acceptance of this offer, please reply to this email stating “I accept this offer”. We look forward to having you join the Dendreon
team! 
 Sincerely, 
 Douglas G. Watson 

DirectorExhibit 10.11

 

EXECUTION VERSION

 

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of December 16, 2014 is by and among KAPSTONE KRAFT PAPER CORPORATION, a Delaware corporation (the “Borrower”), KAPSTONE PAPER AND PACKAGING CORPORATION, a Delaware corporation (the “Parent”), certain subsidiaries of the Parent identified on the signature pages hereto as Guarantors, the Lenders and Voting Participants identified on the signature pages hereto and BANK OF AMERICA, N.A., as Administrative Agent (the “Administrative Agent”), Swing Line Lender and L/C Issuer.

 

W I T N E S S E T H

 

WHEREAS, the Borrower, the Parent, the other Guarantors party thereto, the Lenders party thereto, and the Administrative Agent have entered into that certain Amended and Restated Credit Agreement dated as of July 18, 2013 (as amended by the First Amendment to Amended and Restated Credit Agreement dated as of April 2, 2014, as further amended by the Second Amendment to Amended and Restated Credit Agreement dated as of August 15, 2014, and as further amended, restated, modified or supplemented from time to time, the “Credit Agreement”);

 

WHEREAS, the Borrower has requested that the Lenders and Voting Participants agree to certain amendments to the Credit Agreement; and

 

WHEREAS, the Lenders and Voting Participants are willing to agree to certain amendments to the Credit Agreement subject to the terms and conditions specified in this Agreement;

 

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.                                      Defined Terms.  Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement.

 

2.                                      Amendments.  Subject to the other terms and conditions of this Agreement (including the conditions precedent set forth in Section 3 hereof), the Credit Agreement is hereby amended as follows:

 

(a)                                 The following definitions are hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order:

 

“Chip Mill Outsourcings” means, collectively, the South Carolina Chip Mill Outsourcing and the Roanoke Rapids Chip Mill Outsourcing.

 

“Roanoke Rapids Chip Mill Outsourcing” means a contractual arrangement between one or more Loan Parties and a third party whereby (a) one or more Loan Parties shall lease, license or otherwise provide occupancy rights for certain parcels of its/their land located in Roanoke Rapids, North Carolina to such third party for the purposes of constructing a chip mill facility, and (b) such third party shall provide chip handling for the Borrower’s pulp mill located in Roanoke Rapids, North Carolina.

 

“South Carolina Chip Mill Outsourcing” means the closing of one or more existing chip mills located in South Carolina and the consolidation of such chip mill

 

 

operations pursuant to a contractual arrangement between one or more Loan Parties and a third party, whereby such third party shall provide chip handling for the Borrower’s pulp mill located in South Carolina.

 

(b)                                 In the definition of “EBITDA” in Section 1.01 of the Credit Agreement, the word “and” immediately before clause (k) is hereby replaced with “,” and the following clause (l) is hereby added immediately following clause (k):

 

and (l) severance payments to employees who are terminated in connection with the Chip Mill Outsourcings in an aggregate amount not exceeding $3,000,000.

 

(c)                                  The definition of “Permitted Parent Dividends” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“Permitted Parent Dividends” means, collectively:

 

(a) dividends paid by the Borrower to the Parent so long as, before and after giving effect to such dividends, (i) the Total Leverage Ratio, on a Pro Forma Basis, as of the last day of the most recent Fiscal Quarter for which a Compliance Certificate has been delivered is less than 2.25:1.00, (ii) the Borrower has Availability of at least $75 million under the Revolving Credit Facility, (iii) no Default or Event of Default has occurred and is continuing on the date of payment of any such dividend or would result therefrom and (iv) the Borrower is in compliance on a Pro Forma Basis with the financial covenant set forth in Section 7.14(b) as of the last day of the most recent Fiscal Quarter for which a Compliance Certificate has been delivered; and

 

(b) to the extent the conditions to the payment of dividends set forth in clause (a) cannot be satisfied as of any date, after giving effect to the maximum amount of dividends that may be payable pursuant to clause (a) on such date, additional dividends paid by the Borrower to Parent in an amount not to exceed $50,000,000 in any Fiscal Year, so long as no Default or Event of Default has occurred and is continuing on (i) if such dividends will be paid to Parent to fund cash dividends payable to Parent’s shareholders, the date Parent declares such dividends payable to Parent’s shareholders, (ii) if such dividends will be paid to Parent to fund the repurchase of any of Parent’s Capital Securities, the date Parent commits to make any such repurchase (regardless of when thereafter such repurchase occurs) or (iii) in all other cases, the date any such dividends are paid by the Borrower to Parent.

 

(d)                                 The definition of “Pro Forma Transaction” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“Pro Forma Transaction” means any transaction consummated as part of the Longview Acquisition, any Permitted Acquisition, any distribution of dividends described in clause (a) of the definition of “Permitted Parent Dividends” by the Parent or any increase in the Commitments pursuant to Section 2.02(f), together with each other transaction relating thereto and consummated in connection therewith, including any incurrence or repayment of Debt.

 

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(e)                                  In the definition of “Total Debt” in Section 1.01 of the Credit Agreement, the phrase “(other than Contingent Liabilities permitted under Section 7.01(n) and arising in connection with the Chip Mill Outsourcings)” shall be inserted after the phrase “except to the extent constituting Contingent Liabilities” in clause (a) thereof.

 

(f)                                   In Section 7.01 of the Credit Agreement, a new clause (n) is hereby added to read as follows, with the existing clause (n) to replace clause (o), and clause (o) to become a new clause (p):

 

(n)                                 Debt consisting of Contingent Liabilities (including, without limitation, in respect of minimum volumes and margins) arising under tolling or other similar agreements entered into in connection with the Chip Mill Outsourcings.

 

(g)                                  In Section 7.02 of the Credit Agreement, a new clause (i) is hereby added to read as follows, with the existing clause (i) to become a new clause (j):

 

(i)                                     (A) Liens on the portion of any Loan Party’s Roanoke Rapids, North Carolina property which is leased, licensed or otherwise occupied by a third party in connection with the Roanoke Rapids Chip Mill Outsourcing (including, without limitation, any access or other easement rights and any interconnection rights), provided that (i) such Liens do not materially and adversely interfere with the Borrower’s use of the existing pulp mill located at such site, (ii) such Liens attach solely to the portion of property being leased, licensed or otherwise occupied by a the third party (including, without limitation, any access or other easement rights and any interconnection rights), and (iii) such third party and/or its lender(s), as applicable, have entered into arrangements in form and substance reasonably satisfactory to the Administrative Agent, which may include the release of the Lien of the Administrative Agent on the portion of the property being leased, licensed or otherwise occupied by the third party (including, without limitation, any access or other easement rights and any interconnection rights) and/or one or more subordination and non-disturbance agreements among the Administrative Agent, the third party and/or its lender(s) and (B) to the extent constituting a Lien, any lease, license or other occupancy right (including, without limitation, any access or other easement rights and any interconnection rights) permitted pursuant to clause (v) of Section 7.05(b).

 

(h)                                 In Section 7.05(b) of the Credit Agreement, the word “or” immediately before clause (iv) is hereby replaced with “,” and the following clause (v) is hereby added immediately following clause (iv):

 

or (v) the lease, license, or granting of other occupancy rights in a portion of any Loan Party’s land located in Roanoke Rapids, North Carolina in connection with the Roanoke Rapids Chip Mill Outsourcing (including, without limitation, any access or other easement rights and any interconnection rights), so long as such lease, license or other occupancy right (including, without limitation, any access or other easement rights and any interconnection rights) does not materially and adversely interfere with the Borrower’s use of the existing pulp mill located at such site.

 

(i)                                     In Section 7.09 of the Credit Agreement, clause (b) is hereby amended and restated in its entirety, and the introductory language in clause (c) is hereby amended, in each case, to read as follows:

 

3

 

(b) prohibit any Loan Party from granting to the Administrative Agent and the Lenders, a Lien on any of its assets (other than, to the extent reasonably acceptable to the Administrative Agent, pursuant to the Chip Mill Outsourcings) or (c) create or permit to exist or become effective any encumbrance or restriction on the ability of any Subsidiary (other than any Securitization Entity or, to the extent reasonably acceptable to the Administrative Agent, pursuant to the Chip Mill Outsourcings) to

 

(j)                                    In Section 7.14(a), the phrase “for which financial statements were required to have been delivered to the Administrative Agent pursuant to Section 6.01” shall be inserted immediately following the phrase “Fiscal Quarter of the Parent set forth below”.

 

(k)                                 In Section 7.14(b), the phrase “for which financial statements were required to have been delivered to the Administrative Agent pursuant to Section 6.01” shall be inserted immediately following the phrase “Fiscal Quarter of the Parent”.

 

(l)                                     In Section 9.10(a), the word “or” immediately before clause (iv) is hereby replaced with “,” and the following clause (v) is hereby added immediately following clause (iv):

 

(v) to the extent such property constitutes land that is leased, licensed or otherwise occupied by a third party in connection with the Roanoke Rapids Chip Mills Outsourcing (including, without limitation, any access or other easement rights and any interconnection rights) and in accordance with Section 7.05(b)(v), and the arrangements entered into by such third party and its lender are reasonably satisfactory to the Administrative Agent and require the release of the Lien of the Administrative Agent on such property

 

(m)                             In Section 9.10(c), the phrase “permitted by Section 7.02(i)” is hereby replaced with the phrase “permitted by Section 7.02(i) or Section 7.02(j)”.

 

3.                                      Conditions Precedent to Effectiveness.  This Agreement shall become effective as of the date hereof upon the satisfaction of the following conditions:

 

(a)                                 Execution of Counterparts of Agreement.  Receipt by the Administrative Agent of counterparts of this Agreement duly executed by the Borrower, the Parent, the other Guarantors, the Administrative Agent and the Required Lenders; and

 

(b)                                 Fees and Expenses.  The payment by the Borrower to the Administrative Agent (or one of its Affiliates) of all reasonable out of pocket costs and expenses of the Administrative Agent for which invoices have been received by the Borrower at least one (1) Business Day prior to the date hereof in connection with the preparation, execution and delivery of this Agreement (including, without limitation, to the extent the Borrower has received an invoice therefor at least one (1) Business Day prior to the date hereof, the reasonable fees and expenses of Moore & Van Allen PLLC, special counsel to the Administrative Agent).

 

4.                                      Representations and Warranties.  Each Loan Party hereby represents and warrants that (a) it is duly authorized to execute and deliver, and perform its obligations under, this Agreement; (b) the execution, delivery and performance by it of this Agreement do not and will not (i) require any consent or approval of any governmental agency or authority (other than any consent or approval which has been obtained and is in full force and effect), (ii) conflict with (A) any provision of Law, (B) the charter, by-laws or other organizational documents of any Loan Party or (C) any agreement, indenture, instrument or

 

4

 

other document material to the business of any Loan Party, or any judgment, order or decree, which is binding upon any Loan Party or any of their respective properties; (c) the representations and warranties contained in Article V of the Credit Agreement are true and correct in all material respects (except to the extent already qualified by materiality pursuant to the terms thereof) on and as of the date hereof as though made on and as of such date, except for those which expressly relate to an earlier date, in which case they are true and correct in all material respects (except to the extent already qualified by materiality pursuant to the terms thereof) as of such date; and (d) no Default or Event of Default exists under the Credit Agreement on and as of the date hereof and after giving effect to this Agreement, or will occur as a result of the transactions contemplated hereby.

 

5.                                      No Other Changes; Ratification.  Except as expressly modified or waived hereby, all of the terms and provisions of the Credit Agreement (including schedules and exhibits thereto) and the other Loan Documents shall remain in full force and effect.  The term “this Agreement” or “Credit Agreement” and all similar references as used in each of the Loan Documents shall hereafter mean the Credit Agreement as modified by this Agreement.  This Agreement shall constitute a “Loan Document” under, and as defined in, the Credit Agreement.  Except as herein specifically agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.  This Agreement shall be effective only to the extent specifically set forth herein and shall not (i) be construed as a waiver of any breach or default nor as a waiver of any breach or default of which the Lenders have not been informed by the Borrower, (ii) affect the right of the Lenders to demand compliance by the Loan Parties with all terms and conditions of the Credit Agreement in all other instances, (iii) be deemed a waiver of any transaction or future action on the part of the Loan Parties requiring the Lenders’ or the Required Lenders’ consent or approval under the Credit Agreement, or (iv) be deemed or construed to be a waiver or release of, or a limitation upon, the Administrative Agent’s or the Lenders’ exercise of any rights or remedies under the Credit Agreement or any other document executed or delivered in connection therewith, whether arising as a consequence of any Event of Default which may now exist or otherwise, all such rights and remedies hereby being expressly reserved.

 

6.                                      Expenses.  The Borrower agrees to pay all reasonable costs and expenses in connection with the preparation, execution and delivery of this Agreement, including without limitation the reasonable fees and expenses of Moore & Van Allen PLLC, special counsel to the Administrative Agent.

 

7.                                      Acknowledgment of Guarantors.  The Guarantors acknowledge and consent to all of the terms and conditions of this Agreement and agree that this Agreement and any documents executed in connection herewith do not operate to reduce or discharge the Guarantors’ obligations under the Credit Agreement or the other Loan Documents.

 

8.                                      Affirmation of Liens. Each Loan Party affirms the liens and security interests created and granted by it in the Loan Documents (including, but not limited to, the Security Agreement) and agrees that this Agreement shall in no manner adversely affect or impair such liens and security interests.

 

9.                                      Counterparts; Facsimile/Email.  This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and it shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart.  Delivery of an executed counterpart of this Agreement by telecopy or electronic mail by any party hereto shall be effective as such party’s original executed counterpart.

 

10.                               Governing Law.  This Agreement shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with, the laws of the State of New York (including Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New York but otherwise without regard to the conflict of law principles thereof).

 

5

 

11.                               Entirety. This Agreement and the other Loan Documents embody the entire agreement between the parties and supersede all prior agreements and understandings, if any, relating to the subject matter hereof.  These Loan Documents represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties.  There are no oral agreements between the parties.

 

[SIGNATURE PAGES FOLLOW]

 

6

 

IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as of the date first above written.

 

	
BORROWER:
    	
 
    	
KAPSTONE   KRAFT PAPER CORPORATION,
    
	
 
    	
 
    	
a   Delaware corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Roger W. Stone
    
	
 
    	
 
    	
Name:
    	
Roger   W. Stone
    
	
 
    	
 
    	
Title:
    	
Chairman   and CEO
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
GUARANTORS:
    	
 
    	
KAPSTONE   PAPER AND PACKAGING CORPORATION,
   a Delaware corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Roger W. Stone
    
	
 
    	
 
    	
Name:
    	
Roger   W. Stone
    
	
 
    	
 
    	
Title:
    	
Chairman   and CEO
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
KAPSTONE   CHARLESTON KRAFT LLC,
    
	
 
    	
 
    	
a   Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Roger W. Stone
    
	
 
    	
 
    	
Name:
    	
Roger   W. Stone
    
	
 
    	
 
    	
Title:
    	
Chairman   and CEO
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
KAPSTONE   CONTAINER CORPORATION,
    
	
 
    	
 
    	
a   Georgia corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Roger W. Stone
    
	
 
    	
 
    	
Name:
    	
Roger   W. Stone
    
	
 
    	
 
    	
Title:
    	
Chairman   and CEO
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
LONGVIEW   FIBRE PAPER AND PACKAGING, INC.,
    
	
 
    	
 
    	
a   Washington corporation
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Roger W. Stone
    
	
 
    	
 
    	
Name:
    	
Roger   W. Stone
    
	
 
    	
 
    	
Title:
    	
Chairman   and CEO
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
ADMINISTRATIVE
    	
 
    	
BANK   OF AMERICA, N.A.,
    
	
AGENT:
    	
 
    	
as   Administrative Agent
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Maria A. McClain
    
	
 
    	
 
    	
Name:
    	
Maria   A. McClain
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
LENDERS:
    	
 
    	
BANK   OF AMERICA, N.A.,
    
	
 
    	
 
    	
as   a Lender, L/C Issuer and Swing Line Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Brian McDonald
    
	
 
    	
 
    	
Name:
    	
Brian   McDonald
    
	
 
    	
 
    	
Title:
    	
Senior   Vice President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
1ST FARM CREDIT SERVICES, PCA,
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Corey J Waldinger
    
	
 
    	
 
    	
Name:
    	
Corey   J. Waldinger
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
AGCHOICE   FARM CREDIT, ACA,
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Joshua L. Larock
    
	
 
    	
 
    	
Name:
    	
Joshua   L. Larock
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
AGFIRST   FARM CREDIT BANK,
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Matthew H. Jeffords
    
	
 
    	
 
    	
Name:
    	
Matthew   H. Jeffords
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
MIDATLANTIC   FARM CREDIT, PLCA,
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James E. May
    
	
 
    	
 
    	
Name:
    	
James   E. May
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
FIRST   SOUTH FARM CREDIT, ACA
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   John W. Hurt
    
	
 
    	
 
    	
Name:
    	
John   W. Hurt
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
FARM   CREDIT OF FLORIDA/FLORIDA FEDERAL LAND BANK ASSOCIATION, FLCA
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Michael W. Zolkos
    
	
 
    	
 
    	
Name:
    	
Michael   W. Zolkos
    
	
 
    	
 
    	
Title:
    	
Capital   Markets Officer
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
AGSTAR   FINANCIAL SERVICES, PCA,
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Graham J. Dee
    
	
 
    	
 
    	
Name:
    	
Graham   J. Dee
    
	
 
    	
 
    	
Title:
    	
AVP   Capital Markets
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
AMERICAN   AGCREDIT, PCA,
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Michael J. Balok
    
	
 
    	
 
    	
Name:
    	
Michael   J. Balok
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
FARM   CREDIT WEST, FLCA,
    
	
 
    	
 
    	
as   a Voting Participant
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Ben Madonna
    
	
 
    	
 
    	
Name:
    	
Ben   Madonna
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
AMERICAN   SAVINGS BANK, F.S.B,
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Rian DuBach
    
	
 
    	
 
    	
Name:
    	
Rian   DuBach
    
	
 
    	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
 
    	
BANKPLUS,
    
	
 
    	
 
    	
as   a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Jay Bourne
    
	
 
    	
 
    	
Name:
    	
Jay   Bourne
    
	
 
    	
 
    	
Title:
    	
FVP
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BARCLAYS   BANK PNC,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Christopher R. Lee
    
	
 
    	
Name:
    	
Christopher   R. Lee
    
	
 
    	
Title:
    	
Assistant   Vice President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COMPASS   BANK,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Charles Randolph
    
	
 
    	
Name:
    	
Charles   Randolph
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BMO   HARRIS BANK N.A.,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Lauren Lavorato
    
	
 
    	
Name:
    	
Lauren   Lavorato
    
	
 
    	
Title:
    	
Director
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CITIZENS   BANK, N.A. AS SUCCESOR TO RBS CITIENS, N.A.,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   M. James Barry
    
	
 
    	
Name:
    	
M.   James Barry
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COBANK,   ABC,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Kyle Weaver
    
	
 
    	
Name:
    	
Kyle   Weaver
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
NORTHWEST   FARM CREDIT SERVICES, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Jeremy A. Roewe
    
	
 
    	
Name:
    	
Jeremy   A. Roewe
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM   CREDIT EAST, ACA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   James M. Papai
    
	
 
    	
Name:
    	
James   M. Papai
    
	
 
    	
Title:
    	
Sr.   Vice President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
AMERICAN   AGCREDIT, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Michael J. Balok
    
	
 
    	
Name:
    	
Michael   J. Balok
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM   CREDIT SERVICES SOUTHWEST, PCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David Penny
    
	
 
    	
Name:
    	
David   Penny
    
	
 
    	
Title:
    	
Vice   President & Branch Manager
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
COOPERATIEVE   CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND” NEW YORK   BRANCH,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Peter Ducan
    
	
 
    	
Name:
    	
Peter   Ducan
    
	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bradley Pierce
    
	
 
    	
Name:
    	
Bradley   Pierce
    
	
 
    	
Title:
    	
Executive   Director
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM   CREDIT BANK OF TEXAS
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Chris M. Levine
    
	
 
    	
Name:
    	
Chris   M. Levine
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
LONE   STAR, FLCA
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   J. Keith Finstad
    
	
 
    	
Name:   
    	
J.   Keith Finstad
    
	
 
    	
Title:
    	
Chief   Credit Officer
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FARM CREDIT SERVICES OF AMERICA, PCA,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bruce Dean
    
	
 
    	
Name:
    	
Bruce   Dean
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FAM   CREDIT MID-AMERICA, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Roy L. Bennett
    
	
 
    	
Name:
    	
Roy   L. Bennett
    
	
 
    	
Title:
    	
Senior   Credit Officer
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
UNITED   FCS, FLCA D/B/A FCS COMMERCIAL FINANCE GROUP,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Lisa Caswell
    
	
 
    	
Name:
    	
Lisa   Caswell
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
ARGRIBANK,   FCB,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Eugene Flemming
    
	
 
    	
Name:
    	
Eugene   Flemming
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
GREENSTONE   FARM CREDIT SERVICES ACA / FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Jeff Pavlik
    
	
 
    	
Name:
    	
Jeff   Pavlik
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
BADGERLAND   FINANCIAL, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Matthew H. Larse
    
	
 
    	
Name:   
    	
Matthew   H. Larse
    
	
 
    	
Title:
    	
Vice   President, Capital Markets
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
CAPITAL   FARM CREDIT, FLCA,
    
	
 
    	
as   a Voting Participant
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Jon Hutchinson
    
	
 
    	
Name:
    	
Jon   Hutchinson
    
	
 
    	
Title:
    	
VP   / Senior Credit Officer
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FIFTH   THIRD BANK,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Stephen C W
    
	
 
    	
Name:
    	
Stephen   C W
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FIRST   NATIONAL BANK OF OMAHA,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Andrew Wong
    
	
 
    	
Name:
    	
Andrew   Wong
    
	
 
    	
Title:
    	
Director
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
FIRST   TENNESSEE BANK NATIONAL ASSOCIATION,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Sharon Shipley
    
	
 
    	
Name:
    	
Sharon   Shipley
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
THE   HUNTINGTON NATIONAL BANK,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Lori Cummins-Meyer
    
	
 
    	
Name:
    	
Lori   Cummins-Meyer
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
KEYBANK   NATIONAL ASSOCIATION,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   David A. Wild
    
	
 
    	
Name:
    	
David   A. Wild
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
MANUFACTURERS   BANK,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Charles Jou
    
	
 
    	
Name:
    	
Charles   Jou
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
THE   NORTHERN TRUST COMPANY,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Mark W. Kroeger II
    
	
 
    	
Name:
    	
Mark   W. Kroeger II
    
	
 
    	
Title:
    	
Second   Vice President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
PNC   BANK, NATIONAL ASSOCIATION,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Patrick Flaherty
    
	
 
    	
Name:
    	
Patrick   Flaherty
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
RAYMOND   JAMES BANK, N.A.,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Scott G. Axelrod
    
	
 
    	
Name:
    	
Scott   G. Axelrod
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
SUMITOMO   MITSUI BANKING CORPORATION,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   James D. Weinstein
    
	
 
    	
Name:
    	
James   D. Weinstein
    
	
 
    	
Title:
    	
Managing   Director
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
TD   BANK, N.A.
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Steve Levi
    
	
 
    	
Name:
    	
Steve   Levi
    
	
 
    	
Title:
    	
Senior   Vice President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
THE   PRIVATE BANK & TRUST COMPANY,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   James Marsh
    
	
 
    	
Name:
    	
James   Marsh
    
	
 
    	
Title:
    	
Associate   Managing Director
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
U.S.   BANK NATIONAL ASSOCIATION,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Corey J. Davis
    
	
 
    	
Name:
    	
Corey   J. Davis
    
	
 
    	
Title:
    	
Vice   President
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

 

 

	
 
    	
WELLS   FARGO BANK, NA,
    
	
 
    	
as   a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   John Brady
    
	
 
    	
Name:
    	
John   Brady
    
	
 
    	
Title:
    	
Managing   Director
    

 

KAPSTONE KRAFT PAPER CORPORATION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}]]