Document:

EXHIBIT 10.20

                               SUBSIDIARY GUARANTY

         THIS SUBSIDIARY GUARANTY (the "Guaranty"), dated as of July 22, 1999,
is made by NORTH AMERICAN TIMBER CORP., a Delaware corporation; UNISOURCE
WORLDWIDE, INC., a Delaware corporation; GREAT NORTHERN NEKOOSA CORPORATION, a
Maine corporation; BRUNSWICK PULP & PAPER COMPANY, a Delaware corporation;
GEORGIA-PACIFIC WEST, INC., an Oregon corporation; G-P GYPSUM CORPORATION, a
Delaware corporation; LEAF RIVER FOREST PRODUCTS, INC., a Delaware corporation;
NEKOOSA PACKAGING CORPORATION, a Delaware corporation; and NEKOOSA PAPERS INC.,
a Wisconsin corporation (collectively, the "Guarantors" and, individually, a
"Guarantor"), in favor of BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION, a national banking association, as administrative agent (in such
capacity, the "Agent") for each of the Lenders (as defined below).

                                    RECITALS:

A.       Pursuant to the Credit Agreement, dated as of July 22, 1999 (together
         with all amendments, supplements, and other modifications, if any, from
         time to time thereafter made thereto, the "Credit Agreement"), among
         Georgia-Pacific Corporation, a Georgia corporation ("Georgia-Pacific")
         as borrower, the various commercial lending and other financial
         institutions (individually, a "Lender" and, collectively, the
         "Lenders") as are, or may from time to time become, party thereto, the
         Agent, Commerzbank AG, New York Branch, as Documentation Agent, and The
         Chase Manhattan Bank and Citibank, N.A. as Co-Syndication Agents, the
         Lenders have extended commitments (the "Commitments") to make loans
         (the "Loans") to Georgia-Pacific, and to extend other financial
         accommodations to or for the account of Georgia-Pacific, which Loans
         and other financial accommodations are to be unconditionally guaranteed
         by each Principal Subsidiary of Georgia-Pacific (which Principal
         Subsidiaries are the Guarantors hereunder).

B.       As a condition precedent to the initial Loan under the Credit
         Agreement, each Guarantor is required to execute and deliver this
         Guaranty.

C.       Each Guarantor has duly authorized the execution, delivery, and
         performance of this Guaranty.

D.       It is in the best interests of each Guarantor to execute this Guaranty
         inasmuch as such Guarantor will derive substantial direct and indirect
         benefits from the Loans made to Georgia-Pacific by the Lenders under
         the Credit Agreement.

         NOW THEREFORE, for good and valuable consideration, the receipt of
which is hereby acknowledged, and in order to induce the Lenders to make Loans
(including the initial Loans) to Georgia-Pacific pursuant to the Credit
Agreement, each Guarantor agrees, for the benefit of each Lender, as follows:

                                        1
<PAGE>

                                    ARTICLE 1
                                   DEFINITIONS

         Unless otherwise defined herein or the context otherwise requires,
terms used in this Guaranty, including its preamble and recitals, have the
meanings provided in the Credit Agreement.

                                   ARTICLE 2
                               GUARANTY PROVISIONS

         SECTION 2.1 Guaranty. Each Guarantor, jointly and severally, hereby
absolutely, unconditionally, and irrevocably:

                  (a) guarantees the full and punctual payment when due, whether
         at stated maturity, by required prepayment, declaration, acceleration,
         demand, or otherwise, of all Obligations of Georgia-Pacific and each
         other Loan Party (other than such Guarantor) now or hereafter existing
         under the Credit Agreement and each other Loan Document to which it is
         or may become a party, whether for principal, interest, fees, expenses,
         or otherwise (including all such amounts which would become due but for
         the operation of the automatic stay under Section 362(a) of the United
         States Bankruptcy Code, 11 U.S.C. 362(a)), and the operation of
         Sections 502(b) and 506(b) of the United States Bankruptcy Code, 11
         U.S.C. 502(b) and 506(b)); and

                  (b) indemnifies and holds harmless the Agent and each Lender
         for any and all out-of-pocket costs and expenses (including the
         out-of-pocket expenses and reasonable fees of counsel and the allocated
         cost of in-house counsel retained by the Agent or such Lender) incurred
         by the Agent or such Lender in preserving and enforcing any rights
         under this Guaranty;

provided, however, that each Guarantor shall be liable under this Guaranty for
the maximum amount of such liability that can be hereby incurred without
rendering this Guaranty, as it relates to such Guarantor, voidable under
applicable law relating to fraudulent obligations, fraudulent conveyance, or
fraudulent transfer, and not for any greater amount. This Guaranty constitutes a
guaranty of payment when due and not of collection or of performance, and each
Guarantor specifically agrees that it shall not be necessary or required that
the Agent or any Lender exercise any right, assert any claim or demand, or
enforce any remedy whatsoever against Georgia-Pacific, any other Loan Party, or
any other Person before or as a condition to the obligations of each Guarantor
hereunder.

         SECTION 2.2 Acceleration of Guaranty. Subject to the proviso of Section
2.1, each Guarantor agrees that, in the event of the occurrence and continuance
of an Event of Default and the acceleration of the Obligations in accordance
with the terms of the Credit Agreement, each Guarantor will pay to the Agent and
the Lenders forthwith the full amount of the Obligations.

         SECTION 2.3 Guaranty Absolute, etc. This Guaranty shall in all respects
be a continuing, absolute, unconditional, and irrevocable guaranty of payment,
and shall remain in full force and effect until all Obligations of
Georgia-Pacific and each other Loan Party have been paid in cash in full, and
all Commitments shall have terminated. Each Guarantor guarantees that the
Obligations of Georgia-Pacific and each other Loan Party will be paid strictly
in accordance with the terms of the Credit Agreement and each other Loan
Document under which they arise, regardless of any law, regulation, or order now
or hereafter in effect in any jurisdiction affecting any of such terms or the
rights of the Agent or any Lender with respect thereto. The liability of each
Guarantor under this Guaranty shall be absolute, unconditional, and irrevocable
irrespective of:

                                        2
<PAGE>

                  (a) any lack of validity, legality, or enforceability of the
         Credit Agreement or any other Loan Document;

                  (b) the failure of the Agent or any Lender:

                      (i) to assert any claim or demand or to enforce any right
                  or remedy against Georgia-Pacific, any other Loan Party, or
                  any other Person (including any other guarantor) under the
                  provisions of the Credit Agreement, any other Loan Document,
                  or otherwise; or

                      (ii) to exercise any right or remedy against any other
                  guarantor of, or any collateral securing, any Obligations of
                  Georgia-Pacific or any other Loan Party;

                  (c) any change in the time, manner, or place of payment of, or
         in any other term of, all or any of the Obligations of Georgia-Pacific
         or any other Loan Party, or any other extension, compromise, or renewal
         of any Obligations of Georgia-Pacific or any other Loan Party;

                  (d) any reduction, limitation, impairment, or termination of
         the Obligations of Georgia-Pacific or any other Loan Party for any
         reason, including any claim of waiver, release, surrender, alteration,
         or compromise, and shall not be subject to (and each Guarantor hereby
         waives any right to or claim of) any defense or setoff, counterclaim,
         recoupment, or termination whatsoever by reason of the invalidity,
         illegality, nongenuineness, irregularity, compromise, unenforceability
         of, or any other event or occurrence affecting, the Obligations of
         Georgia-Pacific or any other Loan Party or otherwise;

                  (e) any amendment to, rescission, waiver, or other
         modification of, or any consent to departure from, any of the terms of
         the Credit Agreement or any other Loan Document;

                  (f) any addition, exchange, release, surrender, or
         non-perfection of any collateral, or any amendment to or waiver or
         release or addition of, or consent to departure from, any other
         guaranty, held by the Agent or any Lender securing any of the
         Obligations of Georgia-Pacific or any other Loan Party; or

                  (g) any other circumstance which might otherwise constitute a
         defense available to, or a legal or equitable discharge of,
         Georgia-Pacific, any other Loan Party, any surety, or any guarantor.

         SECTION 2.4 Reinstatement, etc. Each Guarantor agrees that this
Guaranty shall continue to be effective or be reinstated, as the case may be, if
at any time any payment (in whole or in part) of any of the Obligations is
rescinded or must otherwise be restored by the Agent or any Lender, upon the
insolvency, bankruptcy, or reorganization of Georgia-Pacific, any other Loan
Party, or otherwise, all as though such payment had not been made.

         SECTION 2.5 Waiver, etc. Each Guarantor hereby waives promptness,
diligence, notice of acceptance, and any other notice with respect to any of the
Obligations of Georgia-Pacific or any other Loan Party and this Guaranty and any
requirement that the Agent or any Lender protect, secure, perfect, or insure any
security interest or lien, or any property subject thereto, or exhaust any right
or take any action against Georgia-Pacific, any other Loan Party, or any other
Person (including any other guarantor) or any collateral securing the
Obligations of Georgia-Pacific or any other Loan Party, as the case may be.

                                       3
<PAGE>

         SECTION 2.6 Subordination. Until such time as the Guaranteed
Obligations have been paid and performed in full and the period of time has
expired during which any payment made by Georgia-Pacific, a Guarantor, or any
other guarantor of the Guaranteed Obligations to Agent may be subsequently
invalidated, declared to be fraudulent or preferential, set aside, or required
to be repaid by Agent or paid over to a trustee, receiver, or any other entity,
whether under any bankruptcy act or otherwise (any such payment being
hereinafter referred to as a "Preferential Payment"), any claim or other rights
which any Guarantor may now have or hereafter acquire against Georgia-Pacific or
such other guarantor that arises from the existence or performance of any
Guarantor's obligations under this Guaranty or any other agreement (all such
claims and rights being hereinafter referred to as "Guarantor's Conditional
Rights"), including, without limitation, any right of subrogation,
reimbursement, exoneration, contribution, or indemnification, any right to
participate in any claim or remedy of Agent or such other guarantor or any
collateral which Agent now has or hereafter acquires, whether or not such claim,
remedy or right arises in equity or under contract, statute, or common law, by
any payment made hereunder or otherwise, including, without limitation, the
right to take or receive from Georgia-Pacific or such other guarantor, directly
or indirectly, in cash or other property or by setoff or in any other manner,
payment, or security on account of such claim or other rights, shall be
subordinate to Agent's right to full payment and performance of the Guaranteed
Obligations, and each Guarantor shall not enforce Guarantor's Conditional Rights
until such time as the Guaranteed Obligations have been paid and performed in
full and the period of time has expired during which any payment made by
Georgia-Pacific or a Guarantor to Agent may be determined to be a Preferential
Payment.

         SECTION 2.7 Successors, Transferees and Assigns; Transfers of Loans,
etc. This Guaranty shall:

                  (a) be binding upon each Guarantor, and its successors,
         transferees, and assigns; and

                  (b) inure to the benefit of and be enforceable by the Agent
         and each Lender.

Without limiting the generality of subsection (b), any Lender may assign or
otherwise transfer (in whole or in part) any Loan held by it to any other
Person, and such other Person shall thereupon become vested with all rights and
benefits in respect thereof granted to such Lender under any Loan Document
(including this Guaranty) or otherwise, subject, however, to any contrary
provisions in such assignment or transfer, and to the provisions of Section
12.08 and Article 11 of the Credit Agreement.

         SECTION 2.8 Payments Free and Clear of Taxes, etc. Each Guarantor
hereby agrees that:

         (a) Subject to paragraph (e) below, any and all payments made by each
Guarantor hereunder to or for the account of the Agent or any Lender (other than
on account of a Bid Loan, except to the extent otherwise specified as being
applicable to any such Bid Loan) shall be made in accordance with Section 3.03
of the Credit Agreement free and clear of, and without deduction or withholding
for, any and all present or future taxes, levies, imposts, deductions, charges
or withholdings, and all liabilities with respect thereto, excluding (i) such
taxes (including income taxes or franchise taxes or branch profit taxes) as are
imposed on or measured by the Agent's or such Lender's net income and (ii) such
taxes as are imposed by a jurisdiction other than the United States of America
or any political subdivision thereof and that would not have been imposed but
for the existence of a connection between the Agent or such Lender and the
jurisdiction imposing such taxes (other than a connection arising principally by
reason of the Credit Agreement or this Guaranty) (all such non-excluded taxes,
levies, imposts, deductions, charges, withholdings, and liabilities being
hereinafter referred to as "Taxes"). If any Guarantor shall be required by law
to deduct or withhold any Taxes from or in respect of any sum payable

                                       4
<PAGE>

hereunder to the Agent or any Lender:

                      (i) the sum payable shall be increased as may be necessary
                  so that after making all required deductions (including
                  deductions applicable to additional sums payable under this
                  Section 2.8) the Agent or such Lender receives an amount equal
                  to the sum it would have received had no such deductions been
                  made;

                      (ii) such Guarantor shall make such deductions; and

                      (iii) such Guarantor shall pay the full amount deducted to
                  the relevant taxation authority or other governmental
                  authority in accordance with applicable law.

                  (b) Each Guarantor shall pay any present or future stamp or
         documentary taxes or any other sales, excise, or property taxes,
         charges, or similar levies which arise from any payment made hereunder
         or from the execution, delivery, or registration of, or otherwise with
         respect to, this Guaranty (other than on account of a Bid Loan, except
         to the extent otherwise specified as being applicable to such Bid Loan)
         (hereinafter referred to as "Other Taxes")

                  (c) Subject to subsection (e) below, each Guarantor, jointly
         and severally, hereby indemnifies and holds harmless the Agent and each
         Lender for the full amount of Taxes or Other Taxes (including any Taxes
         or Other Taxes imposed by any jurisdiction on amounts payable under
         this Section 2.6) paid by the Agent or such Lender and any liability
         (including penalties, interest and expenses) arising therefrom or with
         respect thereto, whether or not such Taxes or Other Taxes were
         correctly or legally asserted; provided, however, that the Agent and
         each Lender agree to contest in good faith any Taxes or Other Taxes
         that the Agent or such Lender, in its sole discretion, believes have
         been incorrectly asserted. A certificate as to the amount demanded by
         the Agent or any Lender, or the Agent on behalf of any Lender, absent
         manifest error, shall be binding and conclusive.

                  (d) Within 30 days after the date of any payment of Taxes or
         Other Taxes, each Guarantor shall furnish to the Agent the original or
         a certified copy of a receipt evidencing payment thereof or other
         evidence of payment reasonably satisfactory to the Agent.

                  (e) Each Lender shall, promptly upon the request of any
         Guarantor to that effect, deliver to the Agent and such Guarantor such
         accurate and complete forms or similar documentation as may be required
         from time to time by any applicable law, treaty, rule or regulation in
         order to establish (if appropriate) such Lender's tax status for
         withholding purposes or may otherwise be appropriate to eliminate or
         minimize any Taxes on payments under this Guaranty. The provisions of
         Sections 3.05(f), (g), (h), and (i) of the Credit Agreement are hereby
         incorporated by reference into this Guaranty as if fully stated herein,
         except that each reference to the "Company" contained therein shall be
         deemed to be a reference to the "Guarantors" for purposes of this
         Guaranty.

                  (f) Without prejudice to the survival of any other agreement
         of each Guarantor hereunder, the agreements and obligations of each
         Guarantor contained in this Section 2.8 shall survive the payment in
         full of the principal of and interest on the Loans.

                                   ARTICLE 3
                         REPRESENTATIONS AND WARRANTIES

                                       5
<PAGE>

         SECTION 3.1 Representations and Warranties. Each Guarantor hereby makes
each of the representations and warranties made by Georgia-Pacific in the Credit
Agreement, to the extent that any such representation or warranty made by
Georgia-Pacific in the Credit Agreement shall be applicable to such Guarantor,
its Subsidiaries, or any of its or their properties.

                                   ARTICLE 4
                                 COVENANTS, ETC.

         SECTION 4.1 Affirmative Covenants. Each Guarantor covenants and agrees
that, so long as any portion of the Obligations shall remain unpaid or any
Lender shall have any outstanding Commitment, such Guarantor will, unless the
Required Lenders shall otherwise consent in writing, duly keep, perform, and
observe for the benefit of the Agent and the Lenders each and every covenant set
forth in Article 8 of the Credit Agreement to the extent that any such covenant
shall be applicable to such Guarantor, any of its Subsidiaries, or any of its or
their properties (all of which covenants, together with related definitions and
ancillary provisions, are hereby incorporated herein by reference as if such
terms were set forth herein in full), without regard to any termination of the
Credit Agreement.

         SECTION 4.2 Negative Covenants. Each Guarantor covenants and agrees
that, so long as any portion of the Obligations shall remain unpaid or any
Lender shall have any outstanding Commitment, such Guarantor will, unless the
Required Lenders shall otherwise consent in writing, duly keep, perform, and
observe for the benefit of the Agent and the Lenders each and every covenant set
forth in Article 9 of the Credit Agreement to the extent that any such covenant
shall be applicable to such Guarantor, any of its Subsidiaries, or any of its or
their properties (all of which covenants, together with related definitions and
ancillary provisions, are hereby incorporated herein by reference as if such
terms were set forth herein in full), without regard to any termination of the
Credit Agreement.

                                   ARTICLE 5
                            MISCELLANEOUS PROVISIONS

         SECTION 5.1 Loan Document. This Guaranty is a Loan Document executed
pursuant to the Credit Agreement and shall (unless otherwise expressly indicated
herein) be construed, administered and applied in accordance with the terms and
provisions thereof, including, without limitation, Article 12 of the Credit
Agreement.

         SECTION 5.2 Binding on Successors, Transferees and Assigns; Assignment.
In addition to, and not in limitation of, Section 2.7, this Guaranty shall be
binding upon each Guarantor and its successors, transferees, and assigns and
shall inure to the benefit of and be enforceable by the Agent, each Lender, and
their respective successors, transferees, and assigns (to the full extent
provided pursuant to Section 2.7); provided, however, that no Guarantor may
assign any of its obligations hereunder.

         SECTION 5.3 Amendment, etc. No amendment to or waiver of any provision
of this Guaranty, nor consent to any departure by any Guarantor herefrom, shall
in any event be effective unless the same shall be in writing and signed by the
Guarantors, the Agent and consented to by the Required Lenders (or, as provided
in Section 12.02(e) of the Credit Agreement, all Lenders), and then such waiver
or consent shall be effective only in the specific instance and for the specific
purpose for which given.

         SECTION 5.4 Addresses for Notices to each Guarantor. All notices and
other communications hereunder to any Guarantor shall be in writing (including
by facsimile) and mailed by overnight delivery, transmitted by facsimile, or
delivered to it, addressed to it at the address set forth

                                       6
<PAGE>

below its signature hereto or at such other address as shall be designated by
such Guarantor in a written notice to the Agent at the address specified in the
Credit Agreement complying as to delivery with the terms of this Section 5.4.
All such notices and other communications shall be effective, if transmitted by
facsimile when transmitted or, if mailed by overnight delivery or delivered,
upon delivery, addressed as aforesaid

         SECTION 5.5 No Waiver; Remedies. In addition to, and not in limitation
of, Sections 2.3 and 2.5, no failure on the part of the Agent or any Lender to
exercise, and no delay in exercising, any right hereunder shall operate as a
waiver thereof; nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other
right. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law.

         SECTION 5.6 Section Captions. Section captions used in this Guaranty
are for convenience of reference only, and shall not affect the construction of
this Guaranty.

         SECTION 5.7 Setoff. In addition to, and not limitation of, any rights
of the Agent or any Lender under applicable law, the Agent and each Lender
shall, upon the occurrence and during the continuance of any Event of Default,
have the right to appropriate and apply to the payment of the obligations of
each Guarantor owing to it hereunder, whether or not then due, any and all
balances, credits, deposits, accounts or moneys of such Guarantor then or
thereafter maintained with the Agent or such Lender; provided, however, that any
such appropriation and application shall be subject to the provisions of Section
3.06 of the Credit Agreement. Each Lender agrees promptly to notify the relevant
Guarantor after any such setoff and application made by such party; provided,
however, that the failure to give such notice shall not affect the validity of
such setoff and application. The rights of the Agent and each Lender under this
Section 5.7 are in addition to any other right or remedy (including any other
right of set off) which the Agent or such Lender may have.

         SECTION 5.8 Severability. Wherever possible each provision of this
Guaranty shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Guaranty shall be prohibited by or
invalid under such law, such provision shall be ineffective to the extent of
such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Guaranty.

         SECTION 5.9 Governing Law, etc. THIS GUARANTY SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK. THIS GUARANTY AND
THE OTHER LOAN DOCUMENTS CONSTITUTE THE ENTIRE AGREEMENT AND UNDERSTANDING AMONG
THE PARTIES TO THE LOAN DOCUMENTS WITH RESPECT TO THE SUBJECT MATTER THEREOF AND
SUPERSEDE ALL PRIOR AGREEMENTS, WRITTEN OR ORAL, WITH RESPECT THERETO, EXCEPT
FOR THE FEE LETTER AND ANY PRIOR ARRANGEMENT MADE WITH RESPECT TO THE PAYMENT BY
ANY LENDER OF (OR ANY INDEMNIFICATION FOR) ANY FEES, COSTS OR EXPENSES PAYABLE
TO OR INCURRED (OR TO BE INCURRED) BY OR ON BEHALF OF THE AGENT OR ANY LENDER.

         SECTION 5.10 Waiver of Jury Trial. EACH GUARANTOR HEREBY KNOWINGLY,
VOLUNTARILY, AND INTENTIONALLY WAIVES ANY RIGHTS IT MAY EAVE TO A TRIAL BY JURY
IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN
CONNECTION WITH, THIS GUARANTY. EACH GUARANTOR ACKNOWLEDGES AND AGREES THAT IT
HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION AND THAT THIS
PROVISION IS A MATERIAL INDUCEMENT FOR THE LENDERS ENTERING INTO THE CREDIT
AGREEMENT.

                                       7
<PAGE>

         IN WITNESS WHEREOF, each Guarantor has caused this Guaranty to be duly
executed and delivered by its officer thereunto duly authorized as of the date
first above written.

                                           NORTH AMERICAN TIMBER CORP.

                                           By:  /s/Danny W. Huff
                                           Title:   Vice President and Treasurer

                                           Address:
                                           c/o Georgia-Pacific Corporation
                                           133 Peachtree Street, N.E.
                                           Atlanta, Georgia 30348-5605

                                           Attn: Treasurer's Department
                                           Facsimile:  404-230-5598

                                           UNISOURCE WORLDWIDE, INC.

                                           By:  /s/Danny W. Huff
                                           Title:   Vice President and Treasurer

                                           Address:
                                           c/o Georgia-Pacific Corporation
                                           133 Peachtree Street, N.E.
                                           Atlanta, Georgia 30348-5605

                                           Attn:  Treasurer's Department
                                           Facsimile:  404-230-5598

                                       8
<PAGE>

                                           GREAT NORTHERN NEKOOSA CORPORATION

                                           By:  /s/Danny W. Huff
                                           Title:   Vice President and Treasurer

                                           Address:
                                           c/o Georgia-Pacific Corporation
                                           133 Peachtree Street, N.E.
                                           Atlanta, Georgia 30348-5605

                                           Attn:  Treasurer's Department
                                           Facsimile:  404-230-5598

                                           BRUNSWICK PULP & PAPER COMPANY

                                           By:  /s/Danny W. Huff
                                           Title:   Vice President and Treasurer

                                           Address:
                                           c/o Georgia-Pacific Corporation
                                           133 Peachtree Street, N.E.
                                           Atlanta, Georgia 30348-5605

                                           Attn:  Treasurer's Department
                                           Facsimile:  404-230-5598

                                           GEORGIA-PACIFIC WEST, INC.

                                           By:  /s/Danny W. Huff
                                           Title:   Vice President and Treasurer

                                           Address:
                                           c/o Georgia-Pacific Corporation
                                           133 Peachtree Street, N.E.
                                           Atlanta, Georgia 30348-5605

                                           Attn:  Treasurer's Department
                                           Facsimile:  404-230-5598

                                       9
<PAGE>

                                            G-P GYPSUM CORPORATION

                                            By:  /s/Danny W. Huff
                                            Title:  Vice President and Treasurer

                                            Address:
                                            c/o Georgia-Pacific Corporation
                                            133 Peachtree Street, N.E.
                                            Atlanta, Georgia 30348-5605

                                            Attn:  Treasurer's Department
                                            Facsimile:  404-230-5598

                                            LEAF RIVER FOREST PRODUCTS, INC.

                                            By:  /s/Danny W. Huff
                                            Title:  Vice President and Treasurer

                                            Address:
                                            c/o Georgia-Pacific Corporation
                                            133 Peachtree Street, N.E.
                                            Atlanta, Georgia 30348-5605

                                            Attn:  Treasurer's Department
                                            Facsimile:  404-230-5598

                                            NEKOOSA PACKAGING CORPORATION

                                            By:  /s/Danny W. Huff
                                            Title:  Vice President and Treasurer

                                            Address:
                                            c/o Georgia-Pacific Corporation
                                            133 Peachtree Street, N.E.
                                            Atlanta, Georgia 30348-5605

                                            Attn:  Treasurer's Department
                                            Facsimile:  404-230-5598

                                            NEKOOSA PAPERS INC.

                                       10
<PAGE>

                                            By:  /s/Danny W. Huff
                                            Title:  Vice President and Treasurer

                                            Address:
                                            c/o Georgia-Pacific Corporation
                                            133 Peachtree Street, N.E.
                                            Atlanta, Georgia 30348-5605

                                            Attn:  Treasurer's Department
                                            Facsimile:  404-230-5598

                                       11EXHIBIT 10.21

                              GEORGIA-PACIFIC GROUP

                        2000 EMPLOYEE STOCK PURCHASE PLAN

<PAGE>

                              GEORGIA-PACIFIC GROUP
                        2000 EMPLOYEE STOCK PURCHASE PLAN

                                TABLE OF CONTENTS

Section                                                                    Page
-------                                                                    -----

ss. 1.               Purpose                                                  1

ss. 2.               Definitions                                              1
2..1                 Account                                                  1
2.2                  Authorization                                            1
2.3                  Board                                                    1
2.4                  Code                                                     1
2.5                  Eligible Employee                                        1
2.6                  Exercise Date                                            2
2.7                  Fair Market Value                                        2
2.8                  Georgia-Pacific                                          2
2.9                  Offering Period                                          2
2.10                 Option Price                                             2
2.11                 Participant                                              2
2.12                 Participating Employer                                   2
2.13                 Plan                                                     2
2.14                 Plan Administrator                                       2
2.15                 Purchase Period                                          3
2.16                 Stock                                                    3
2.17                 Subsidiary                                               3
ss. 3                Offerings                                                3
ss. 4                Participation                                            4
ss. 5                Granting of Options                                      4
(a)                  General Rule                                             4
(b)                  Statutory Limitation                                     4
(c)                  Available Shares of Stock                                5
ss. 6.               Payroll Deductions                                       5
(a)                  Initial Authorization                                    5
(b)                  Subsequent Authorization                                 5
(c)                  Account Credits, General Assets and Taxes                6
(d)                  No Cash Payments                                         6
ss. 7.               Exercise of Option                                       6
(a)                  General Rule                                             6
(c)                  Automatic Refund                                         6
ss. 8.               Delivery                                                 6
ss. 9.               Voluntary Account Withdrawal                             7

                                       i
<PAGE>

<TABLE>
<CAPTION>

Section                                                                                    Page
-------                                                                                    -----
<S>                 <C>                                                                     <C>

ss. 10.                          Termination of Employment                                   7
ss. 11.                          Retirement or Disability                                    7
ss. 12.                          Death                                                       8
ss. 13.                          Temporary Layoff and Authorized Leave of                    9
                                   Absence
ss. 14.                          Hardship Withdrawals From 401(k) Plans                      9
ss. 15.                          Administration                                              9
ss. 16.                          Transferability                                             9
ss. 17.                          Adjustment                                                  10
ss. 18.                          Securities Registration                                     10
ss. 19.                          Amendment or Termination                                    11
ss. 20.                          Notices                                                     11
ss. 21.                          Employment                                                  11
ss. 22.                          Headings, References and Construction                       11
ss. 23.                          Shareholder Approval                                        12

</TABLE>

                                       ii

<PAGE>

                              GEORGIA-PACIFIC GROUP
                        2000 EMPLOYEE STOCK PURCHASE PLAN

ss. 1.     PURPOSE

         The primary purpose of this Plan is to encourage Stock ownership by
each Eligible Employee of Georgia-Pacific and each Subsidiary by permitting the
purchase of Stock on a discounted basis. Georgia-Pacific intends that this Plan
constitute an "employee stock purchase plan" within the meaning of ss. 423 of
the Code and, further, intends that any ambiguity in this Plan or any related
offering be resolved to effect such intent.

ss. 2.     DEFINITIONS

         2.1. Account shall mean the separate bookkeeping account which shall be
established and maintained by the Plan Administrator for each Participant for
each Purchase Period to record the payroll deductions made on his or her behalf
to purchase Stock under this Plan.

         2.2. Authorization shall mean the participation election and payroll
deduction authorization form which an Eligible Employee shall be required to
properly complete in writing (or in any other form acceptable to the Plan
Administrator) and timely file with the Plan Administrator before the end of an
Offering Period in order to participate in this Plan for the related Purchase
Period and which shall require an Eligible Employee to provide such information
and to take such action as the Plan Administrator in his or her discretion deems
necessary or helpful to the orderly administration of this Plan.

         2.3. Board shall mean the Board of Directors of Georgia-Pacific.

         2.4. Code shall mean the Internal Revenue Code of 1986, as amended.

         2.5. Eligible Employee shall mean each employee of Georgia-Pacific or a
Subsidiary except:

                  (a) an employee who customarily is employed (within the
         meaning of Code ss. 423(b)(4)(B)) 20 hours or less per week by
         Georgia-Pacific or such Subsidiary,

                  (b) an employee who customarily is employed (within the
         meaning of Code ss. 423(b)(4)(C)) for not more than 5 months in any
         calendar year by Georgia-Pacific or such Subsidiary, and

                  (c) an employee who would own (immediately after the grant of
         an option under this Plan) stock possessing 5% or more of the total
         combined voting

                                       1
<PAGE>

         power or value of all classes of stock of Georgia-Pacific based on the
         rules set forth in ss. 423(b)(3) and ss. 424 of the Code.

         2.6. Exercise Date shall mean for each Purchase Period the last day of
such Purchase Period.

         2.7. Fair Market Value shall mean, as of any date, the mean between the
high and low sales prices of a share of Stock on that date as reported in the
record of Composite Transactions for New York Stock Exchange listed securities
and printed in The Wall Street Journal or in any successor to The Wall Street
Journal or, if there is no such successor, any similar publication selected by
the Plan Administrator. If the date of determination is not a trading date on
the New York Stock Exchange, Fair Market Value shall be determined using the
high and low sales prices of a share of Stock on the next preceding trading
date. The Fair Market Value shall be rounded to the nearest whole cent (with 0.5
cent being rounded to the next higher whole cent).

         2.8. Georgia-Pacific shall mean Georgia-Pacific Corporation, a
corporation incorporated under the laws of the State of Georgia, and any
successor to Georgia-Pacific.

         2.9. Offering Period shall mean, with respect to the initial Offering
Period, the period beginning on May 8, 2000 and ending on June 5, 2000 and, with
respect to each subsequent Offering Period, the period beginning on the date
determined by the Plan Administrator which precedes the related Purchase Period
and which shall continue for no more than 31 days.

         2.10. Option Price shall mean for each Purchase Period the lesser of
(i) 90% of the Fair Market Value for a share of Stock on the first day of such
Purchase Period or (ii) 90% of the Fair Market Value for a share of Stock on the
last day of such Purchase Period.

         2.11. Participant shall mean for each Purchase Period an Eligible
Employee who has satisfied the requirements set forth in ss. 4 of this Plan for
such Purchase Period.

         2.12. Participating Employer shall for each Participant, as of any
date, mean Georgia-Pacific or a Subsidiary, whichever employs such Participant
as of such date.

         2.13. Plan shall mean this Georgia-Pacific Group 2000 Employee Stock
Purchase Plan, as amended from time to time.

         2.14. Plan Administrator shall mean the Senior Vice President - Human
Resources or his or her delegate.

                                      -2-
<PAGE>

2.15. Purchase Period shall mean, with respect to the initial Purchase Period,
the 12 month period beginning on July 1, 2000 and, with respect to each
subsequent Purchase Period, the 12 month period beginning on the date determined
by the Plan Administrator, which date shall be the first day of the second
calendar month which immediately follows the end of the related Offering Period.

         2.16. Stock shall mean Georgia-Pacific Corporation - Georgia-Pacific
Group Common Stock.

         2.17. Subsidiary shall mean for each Purchase Period

                  (a) each domestic corporation (other than North American
         Timber Corp. and Georgia Temp, Inc.) which as of the first day of an
         Offering Period is in an unbroken chain of corporations beginning with
         Georgia-Pacific in which each domestic corporation in such chain
         (except for the last corporation in such chain) owns stock possessing
         50% or more of the total combined voting power of all classes of stock
         in one of the other corporations in such chain; and

                  (b) each foreign corporation in which Georgia-Pacific owns
         stock possessing 50% or more of the total combined voting power of all
         classes of stock and which is listed prior to each Offering Period by
         the Plan Administrator on Appendix A to this Plan.

ss. 3.   OFFERINGS

         Options to purchase shares of Stock shall be offered to Participants in
accordance with this Plan during three Offering Periods; provided, however,
there shall be no more than one Offering Period in effect at any time and no
more than one Purchase Period in effect at any time. There shall be a total of
8,550,000 shares of Stock available under this Plan, 2,850,000 of which shall be
available with respect to the initial Offering Period and no less than 2,850,000
of which shall be available with respect to each of the remaining two Offering
Periods. Such shares of Stock shall be available for purchase from
Georgia-Pacific upon the exercise of such options, and any shares of Stock which
are subject to options granted as of the first day of a Purchase Period but
which are not purchased on the related Exercise Date shall again become
available under this Plan.

                                      -3-
<PAGE>

ss. 4.     PARTICIPATION

         Each person who is an Eligible Employee on the first day of an Offering
Period shall satisfy the requirements to be a Participant in this Plan for the
related Purchase Period if

                  (a) he or she properly completes and files an Authorization
         with the Plan Administrator on or before the last day of such Offering
         Period to purchase shares of Stock, and

                  (b) his or her employment as an Eligible Employee continues
         throughout the period which begins on the first day of such Offering
         Period and ends on the first day of the related Purchase Period (for
         this purpose, employment as an Eligible Employee shall not be treated
         as interrupted by a transfer directly between Georgia-Pacific and any
         Subsidiary or between one Subsidiary and another Subsidiary).

A Participant's status as such shall terminate for a Purchase Period (for which
he or she has an effective Authorization) at such time as his or her Account has
been withdrawn under ss. 9, ss. 10, ss. 11, ss. 12 or ss. 13 or the purchases
and distributions contemplated under ss. 7 with respect to his or her Account
have been completed, whichever comes first.

ss. 5.   GRANTING OF OPTIONS

                  (a) General Rule. Subject to subsections (b) and (c) below,
         each person who is a Participant for a Purchase Period automatically
         shall be granted an option on the first day of such Purchase Period to
         purchase at the Option Price a maximum number of whole shares of Stock
         determined by dividing $25,000 by the Fair Market Value of a share of
         Stock on the first day of such Purchase Period.

                  (b) Statutory Limitation. No option granted under this Plan to
         any Eligible Employee shall permit his or her rights to purchase shares
         of Stock under this Plan or under any other employee stock purchase
         plan (within the meaning of ss. 423 of the Code) or any other shares of
         Stock under any other employee stock purchase plans (within the meaning
         of ss. 423 of the Code) of Georgia-Pacific and any of its subsidiaries
         (within the meaning of ss. 424(f) of the Code) to accrue (within the
         meaning of ss. 423(b)(8) of the Code) at a rate which exceeds $25,000
         of the Fair Market Value of such Stock for any calendar year. Such Fair
         Market Value shall be determined as of the first day of the Purchase
         Period for which the option is granted.

                                      -4-
<PAGE>

                  (c) Available Shares of Stock. If the number of shares of
         Stock available for purchase for any Purchase Period is insufficient to
         cover the number of shares which Participants have elected to purchase
         through effective Authorizations, then each Participant's option to
         purchase shares of Stock for such Purchase Period shall be reduced to
         the number of shares of Stock which the Plan Administrator shall
         determine by multiplying the number of shares of Stock for which such
         Participant would have been granted an option if sufficient shares were
         available by a fraction, the numerator of which shall be the number of
         shares of Stock available for options for such Purchase Period and the
         denominator of which shall be the total number of shares of Stock for
         which options would have been granted to all Participants if sufficient
         shares were available.

ss. 6.   PAYROLL DEDUCTIONS

                  (a) Initial Authorization. Each Participant's Authorization
         shall specify the specific dollar amount which he or she authorizes his
         or her Participating Employer to deduct from his or her compensation
         each pay period (determined in accordance with such Participating
         Employer's standard payroll policies and practices) during the Purchase
         Period for which such Authorization is in effect, provided

                  (1)      the minimum amount deducted from a Participant's
                           compensation during each pay period in a Purchase
                           Period shall not be less than $600 divided by the
                           number of pay periods in the Purchase Period; and

                  (2)      the maximum amount deducted from a Participant's
                           compensation during each pay period shall not be more
                           than the lesser of (i) $22,500 (90% of the $25,000
                           maximum) divided by the number of pay periods in the
                           Purchase Period, (ii) such lower amount which is set
                           by the Plan Administrator before the beginning of a
                           Purchase Period, or (iii) such Participant's net pay
                           after all other withholdings.

                  (b) Subsequent Authorization. A Participant shall have the
         right to make one amendment to an Authorization after the end of an
         Offering Period to stop the payroll deductions which he or she
         previously had authorized for the related Purchase Period, and such
         amendment shall be effective with the next possible payroll period
         (determined in accordance with the Participating Employer's payroll
         practices and policies regarding cut-off dates for payroll changes)
         after the Plan Administrator actually receives such amended
         Authorization.

                                      -5-
<PAGE>

                  (c) Account Credits, General Assets and Taxes. All payroll
         deductions made for a Participant shall be credited to his or her
         Account as of the pay day as of which the deduction is made. All
         payroll deductions shall be held by Georgia-Pacific, by
         Georgia-Pacific's agent or by one, or more than one, Subsidiary (as
         determined by the Plan Administrator ) as part of the general assets of
         Georgia-Pacific or any such Subsidiary, and each Participant's right to
         the payroll deductions credited to his or her Account shall be those of
         a general and unsecured creditor. Georgia-Pacific, Georgia-Pacific's
         agent or such Subsidiary shall have the right to withhold on payroll
         deductions to the extent such person deems necessary or appropriate to
         satisfy applicable tax laws.

                  (d) No Cash Payments. Except as provided for in ss. 11 and ss.
         12, a Participant (or beneficiary) may not make any contribution to his
         or her Account except through payroll deductions made in accordance
         with this ss. 6.

ss. 7.   EXERCISE OF OPTION

                  (a) General Rule. Unless a Participant files an amended
         Authorization under ss. 9 on or before the Exercise Date for a Purchase
         Period, his or her option shall be exercised automatically on such
         Exercise Date for the purchase of as many whole shares of Stock subject
         to such option as the balance credited to his or her Account as of that
         date will purchase at the Option Price for such shares of Stock,
         provided that he or she is an Eligible Employee on such Exercise Date.

                  (b) Automatic Refund. If a Participant's Account has a
         remaining balance after his or her option has been exercised as of an
         Exercise Date under this ss. 7, such balance automatically shall be
         refunded to the Participant in cash (without interest) as soon as
         practicable following such Exercise Date.

ss. 8.   DELIVERY

         A stock certificate representing all shares of Stock purchased upon the
exercise of an option under this Plan shall be held for the Participant by a
broker-dealer designated by the Plan Administrator or, at the Participant's
direction and expense, delivered to the Participant (or any person who makes a
claim through a Participant), and shall be registered in his or her name;
provided, however, Georgia-Pacific shall not have any obligation to deliver a
certificate to a Participant which represents a fractional share of Stock. No
Participant (or any person who makes a claim through a Participant) shall have
any interest in any shares of Stock subject to an option until such option has
been exercised and the related shares of Stock actually have been delivered to
such person or have been transferred to an account for such person at a
broker-dealer designated by the Plan Administrator. The Plan Administrator shall
have the discretion

                                      -6-
<PAGE>

to satisfy Georgia-Pacific's obligations hereunder with newly issued shares or
shares previously issued and outstanding that have been repurchased by
Georgia-Pacific.

ss. 9.   Voluntary Account Withdrawal

         A Participant may elect to withdraw the entire balance credited to his
or her Account for a Purchase Period by completing and filing an amended
Authorization with the Plan Administrator before the Exercise Date for such
period. If a Participant makes such a withdrawal election, no further payroll
deductions shall be made on his or her behalf and such balance shall be paid to
him or her in cash (without interest) at the next possible payroll period
(determined in accordance with the Participating Employer's payroll practices
and policies regarding cut-off dates for payroll changes).

ss. 10.  TERMINATION OF EMPLOYMENT

         If a Participant's employment as an Eligible Employee terminates on or
before the Exercise Date for a Purchase Period for any reason whatsoever, his or
her Account shall (subject to ss. 11 and ss. 12) be distributed as if he or she
had elected to withdraw his or her Account in cash under ss. 9 immediately
before the date his or her employment had so terminated. However, if a
Participant is transferred directly between Georgia-Pacific and a Subsidiary or
between one Subsidiary and another Subsidiary while he or she has an
Authorization in effect, his or her employment shall not be treated as
terminated merely by reason of such transfer and any such Authorization shall
(subject to all the terms and conditions of this Plan) remain in effect after
such transfer for the remainder of the Purchase Period.

ss. 11.  RETIREMENT OR DISABILITY

         If a Participant retires or becomes disabled within three months before
the Exercise Date for a Purchase Period, he or she may elect prior to such
Exercise Date to (i) make a cash lump sum payment to his or her Account in an
amount equal to the unpaid balance under his or her Authorization as then in
effect for such Purchase Period, (ii) purchase at the end of the Purchase Period
the number of whole shares of Stock as the balance credited to the Participant's
Account as of that date will purchase at the Option Price for such shares of
Stock, or (iii) withdraw the entire balance credited to his or her Account for
such Purchase Period in accordance with ss. 9. In the event a Participant elects
to make a cash lump sum payment to his or her Account, his or her option shall
be exercised automatically on the Exercise Date for such Purchase Period for the
purchase of as many whole shares of Stock as the balance credited to his or her
Account as of that date will purchase at the Option Price for such shares of
Stock as if he or she is an Eligible Employee on such Exercise Date. In the
event a Participant fails to make a timely election under this ss. 11, his or
her Account shall be distributed as if he or she had elected to withdraw the
entire balance credited to his or her Account in cash under ss. 9 immediately
before the date he or she retired.

                                      -7-
<PAGE>

         For purposes of this ss. 11, "retire" or "retirement" shall mean a
Participant's voluntary or involuntary termination with the Company and all of
its affiliates (within the meaning of Code ss. 1563(a), except that for such
affiliate determination, the phrase "at least 50%" shall be substituted for "at
least 80%" in Code ss. ss. 1563(a)(1) and (a)(2)(A)) at a time when he or she
has attained at least age 65 or attained at least age 55 and accrued 5 years of
service for vesting purposes under Georgia-Pacific's qualified benefit plans
covering him or her, provided that termination for "cause" as determined by
Georgia-Pacific shall not be considered retirement under this Plan.

         For purposes of this ss. 11, a Participant's date of "disability" shall
be the last day of his or her short-term medical leave period under
Georgia-Pacific's policy providing paid medical leave for salaried employees who
are medically unable to work because of injury or illness (or the last day of a
period determined as if the Participant were a salaried employee entitled to
such short-term medical leave), and a Participant shall be deemed "disabled" at
such time only if the Participant would be "totally disabled" pursuant to the
standards set forth in the Georgia-Pacific Corporation Salaried Long-Term
Disability Plan whether or not he or she is covered under that plan.

ss. 12.  DEATH

         If a Participant's employment terminates due to his or her death before
the Exercise Date for a Purchase Period, his or her beneficiary may elect before
the Exercise Date to (i) make a cash lump sum payment to the Participant's
Account in an amount equal to the unpaid balance under the Participant's
Authorization as then in effect for such Purchase Period, (ii) purchase at the
end of the Purchase Period the number of whole shares of Stock as the balance
credited to the Participant's Account as of that date will purchase at the
Option Price for such shares of Stock, or (iii) withdraw the entire balance
credited to the Participant's Account for such Purchase Period in accordance
with ss. 9. In the event a Participant's beneficiary elects to make a cash lump
sum payment to the Participant's Account, the Participant's option shall be
exercised automatically on the Exercise Date for such Purchase Period for the
purchase of as many whole shares of Stock as the balance credited to his or her
Account as of that date will purchase at the Option Price for such shares of
Stock as if the Participant is an Eligible Employee on such Exercise Date. In
the event a beneficiary fails to make a timely election under this ss. 12, the
Participant's Account shall be distributed as if the Participant had elected to
withdraw his or her Account in cash under ss. 9 immediately before the date he
or she died.

                                      -8-
<PAGE>

ss. 13.  TEMPORARY LAYOFF AND AUTHORIZED LEAVE OF ABSENCE

         Any amounts being deducted from a Participant's compensation under his
or her Authorization for a Purchase Period shall be suspended during a period of
temporary layoff or authorized leave of absence without pay. If the Participant
returns to active service prior to the last payroll period in the Purchase
Period, his or her payroll deductions shall be commenced or resumed. The
Participant's option shall be exercised automatically on the Exercise Date for
such Purchase Period for the purchase of as many whole shares of Stock as the
balance credited to his or her Account as of that date will purchase at the
Option Price for such shares of Stock provided he or she is an Eligible Employee
on such Exercise Date.

         For purposes of this Plan, a Participant on a temporary layoff or
authorized leave of absence shall be deemed to be terminated from his or her
employment with Georgia-Pacific and all of its affiliates if such layoff or
leave exceeds a period of 90 consecutive days (unless the Participant's right to
reemployment is guaranteed either by statute or by contract). At the end of such
90 day period, such Participant shall have his or her Account distributed as if
he or she had elected to withdraw his or her Account in cash under ss. 9
immediately before the date his or her employment had so terminated.

ss. 14.  HARDSHIP WITHDRAWALS FROM 401(K) PLANS

         If a Participant receives a hardship withdrawal pursuant to the
provisions of a qualified retirement plan subject to Code ss. 401(k), any
amounts being deducted from such Participant's compensation under his or her
Authorization shall be suspended for a period of twelve consecutive months
following such withdrawal. If such suspension is in effect on the last day of an
Offering Period, any Authorization filed by an Eligible Employee during such
Offering Period shall be null and void and of no effect.

ss. 15.  ADMINISTRATION

         The Plan Administrator shall be responsible for the administration of
this Plan and shall have the power to interpret this Plan and to take such other
action as the Plan Administrator deems necessary or equitable under the
circumstances. The Plan Administrator also shall have the power to delegate the
duty to perform such administrative functions as the Plan Administrator deems
appropriate under the circumstances. Any person to whom the duty to perform an
administrative function is delegated shall act on behalf of the Plan
Administrator for such function. Any action or inaction by or on behalf of the
Plan Administrator under this Plan shall be final and binding on each Eligible
Employee, each Participant and on each other person who makes a claim under this
Plan based on the rights, if any, of any such Eligible Employee or Participant
under this Plan.

ss. 16.    TRANSFERABILITY

                                      -9-
<PAGE>

         Neither the balance credited to a Participant's Account nor any rights
to the exercise of an option or to receive shares of Stock under this Plan may
be assigned, encumbered, alienated, transferred, pledged, or otherwise disposed
of in any way by a Participant during his or her lifetime or by any other person
during his or her lifetime, and any attempt to do so shall be without effect;
provided, however, that the Plan Administrator in its absolute discretion may
treat any such action as an election by a Participant to withdraw the balance
credited to his or her Account in accordance with ss. 9.

ss. 17.  ADJUSTMENT

         The number of shares of Stock covered by outstanding options granted
pursuant to this Plan and the related Option Price and the number of shares of
Stock available under this Plan automatically shall be adjusted by the Plan
Administrator in a manner to fully and fairly reflect any change in the
capitalization of Georgia-Pacific, including, but not limited to, such changes
as dividends paid in the form of Stock or Stock splits. Furthermore, the Plan
Administrator automatically shall adjust (in a manner which satisfies the
requirements of ss. 424(a) of the Code) the number of shares of Stock available
under this Plan and the number of shares of Stock covered by options granted
under this Plan and the related Option Prices in the event of any corporate
transaction described in ss. 424(a) of the Code. An adjustment made under this
ss. 17 by the Plan Administrator shall be conclusive and binding on all affected
persons.

ss. 18.  SECURITIES REGISTRATION

         If Georgia-Pacific shall deem it necessary to register under the
Securities Act of 1933, as amended, or any other applicable statutes, any shares
of Stock with respect to which an option shall have been exercised under this
Plan or to qualify any such shares of Stock for an exemption from any such
statutes, Georgia-Pacific shall take such action at its own expense before
delivery of any certificate representing such shares of Stock. If shares of
Stock are listed on any national stock exchange at the time an option to
purchase shares of Stock is exercised under this Plan, Georgia-Pacific whenever
required shall register shares of Stock for which such option is exercised under
the Securities Exchange Act of 1934, as amended, and shall make prompt
application for the listing on such national stock exchange of such shares, all
at the expense of Georgia-Pacific.

                                      -10-
<PAGE>

ss. 19.  AMENDMENT OR TERMINATION

         This Plan may be amended by the Plan Administrator from time to time to
the extent that the Plan Administrator deems necessary or appropriate in light
of, and consistent with, ss. 423 of the Code and the laws of the State of
Georgia, and any such amendment shall be subject to the approval of
Georgia-Pacific's shareholders to the extent such approval is required under ss.
423 of the Code or the laws of the State of Georgia. The Plan Administrator also
may terminate this Plan or any offering made under this Plan at any time;
provided, however, the Plan Administrator shall not have the right to modify,
cancel, or amend any option outstanding after the beginning of a Purchase Period
unless (1) each Participant consents in writing to such modification, amendment
or cancellation, (2) such modification only accelerates the Exercise Date for
the related Purchase Period, or (3) the Plan Administrator acting in good faith
deems that such action is required under applicable law.

ss. 20.  NOTICES

         All Authorizations and other communications from a Participant to the
Plan Administrator under, or in connection with, this Plan shall be deemed to
have been filed with the Plan Administrator when actually received in the form
specified by the Plan Administrator at the location, or by the person,
designated by the Plan Administrator for the receipt of such Authorizations and
communications.

ss. 21.  EMPLOYMENT

         No offer under this Plan shall constitute an offer of employment, and
no acceptance of an offer under this Plan shall constitute an employment
agreement. Any such offer or acceptance shall have no bearing whatsoever on the
employment relationship between any Eligible Employee and Georgia-Pacific or any
subsidiary of Georgia-Pacific, including a Subsidiary. Finally, no Eligible
Employee shall be induced to participate in this Plan by the expectation of
employment or continued employment.

ss. 22.  HEADINGS, REFERENCES AND CONSTRUCTION

         The headings to sections in this Plan have been included for
convenience of reference only. Except as otherwise expressly indicated, all
references to sections (ss.) in this Plan shall be to sections (ss.) of this
Plan. This Plan shall be interpreted and construed in accordance with the laws
of the State of Georgia.

                                      -11-
<PAGE>

ss. 23.  SHAREHOLDER APPROVAL

         The Plan is subject to the approval by the holders of the majority of
the outstanding shares of Stock within 12 months before or after the date of
adoption of the Plan by the Board. The Plan shall be null and void and of no
effect if the foregoing condition is not fulfilled.

                                      -12-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}]]