Document:

EXHIBIT
10.2

 

Amendment
No. 1 to Asset Purchase Agreement

(Mills)

 

This AMENDMENT NO. 1 TO ASSET PURCHASE AGREEMENT
(MILLS) (the “Amendment”) is made and entered into as of August 18,
2004, by and between CROWN PACIFIC LIMITED PARTNERSHIP, a Delaware limited
partnership (“Seller”), Debtor-in-Possession under Jointly Administered
Case No. 03-11258-PHX-RJH in the United States Bankruptcy Court for the
District of Arizona filed on June 29, 2003 under Chapter 11 of
Title 11 of the United States Code, and INTERNATIONAL FOREST PRODUCTS
LIMITED,  a
British Columbia corporation (“Buyer”).

 

Recitals:

 

A.            Seller and Buyer are parties to that certain
Asset Purchase Agreement (Mills) dated as of July 9, 2004 (the “Agreement”),
pursuant to which Seller has agreed to sell and Buyer has agreed to purchase,
on the terms and conditions set forth therein, certain lumber manufacturing
facilities and related assets more fully described therein. Capitalized terms
used but not defined herein have the respective meanings set forth in the
Agreement.

 

B.            Seller
has determined that certain contracts, listed on the attached Annex A
(the “Additional Contracts”), were inadvertently omitted from Schedule
1.1.5-2 to the Agreement.

 

C.            Buyer
has informed Seller pursuant to Section 3.6 of the Agreement of its desire to
exclude certain Assigned Contracts from the Purchased Assets.

 

D.            The parties wish to
amend the Agreement to provide for (i) the inclusion in the Purchased Assets of
Seller’s interest in the Additional Contracts, and (ii) the exclusion from the
Purchased Assets of the Assigned Contracts designated by Buyer.

 

Agreements:

 

In consideration of the
foregoing and the mutual covenants of the parties set forth in this Amendment,
the parties, intending to be legally bound, agree as follows:

 

1.             Additions to Purchased Assets. Schedule 1.1.5-2 to the Agreement
is hereby amended by inserting at the end thereof the Additional Contracts.

 

2.             Exclusion of Certain Contracts.

 

(a)           Schedule 1.1.5-1
and Schedule 1.1.5-2 to the Agreement are hereby amended by deleting
therefrom each of the Other Contracts listed on Part A and Part B,
respectively, of the attached Annex B and substituting the following in
lieu thereof:  “Intentionally Omitted”.

 

1

 

(b)           Schedule
1.2 to the Agreement is hereby amended by inserting at the end thereof the
agreements listed on the attached Annex C.

 

3.             Modification. This Amendment may not be modified or amended except by the
written agreement of the parties.

 

4.             Binding
Effect. The provisions of this Amendment shall be binding upon and inure to
the benefit of the parties and their respective successors and permitted
assigns.

 

5.             Effect
of Amendment. Except as expressly provided in this Amendment, the Agreement
shall remain unamended and in full force and effect. All references in the
Agreement to “this Agreement” shall be deemed to mean the Agreement as amended
by this Amendment.

 

6.             Execution.
This Amendment may be executed in any number of counterparts, all of which
together shall constitute one and the same agreement. Each party may rely upon
the signature of each other party on this Amendment that is transmitted by
facsimile as constituting a duly authorized, irrevocable, actual, current
delivery of this Agreement with the original ink signature of the transmitting
party.

 

IN
WITNESS WHEREOF, the parties have executed this Amendment as of the date first
above written.

 

	
  Seller:

  	
  CROWN PACIFIC
  LIMITED PARTNERSHIP,

  
	
   

  	
  a Delaware
  limited partnership

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Crown Pacific
  Management Limited 

  Partnership, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Steven E.
  Dietrich

  	
   

  
	
   

  	
   

  	
  Name: Steven E.
  Dietrich

  
	
   

  	
   

  	
  Title: Senior
  Vice President

  
	
   

  	
   

  	
    Chief Financial Officer and Treasurer

  
	
   

  	
   

  	
   

  
	
  Buyer:

  	
  INTERNATIONAL FOREST
  PRODUCTS 

  LIMITED, a British Columbia corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Duncan K. Davies

  	
   

  
	
   

  	
  Name:  Duncan K. Davies

  
	
   

  	
  Title:  President and CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ L. D. Cocke

  	
   

  
	
   

  	
  Name: L. D. Cocke

  
	
   

  	
  Title:  Corporate Controller

  
						

 

2

 

Annex A

Additional Contracts

 

	
   

  	
   

  	
  Contract

  	
   

  	
  Index #

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  51.

  	
   

  	
  Timber Sale
  Contract No. 071632, dated April 5, 1999, between United States Department of
  Agriculture, Forest Service and Crown Pacific LP – 2,281 acres located in
  Klamath County, Oregon (Katalo CT)

  	
   

  	
  16.29

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  52.

  	
   

  	
  Timber Sale
  Contract No. 067009, dated August 30, 1999, between United States Department
  of Agriculture, Forest Service and Crown Pacific Limited Partnership – 1,475
  acres located in Klamath County, Oregon (Ranch House)

  	
   

  	
  16.31

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  53.

  	
   

  	
  Timber Sale
  Contract No. 069114, dated March 16, 2000, between United States Department
  of Agriculture, Forest Service and Crown Pacific Limited Partnership – 1,011
  acres located in Klamath County, Oregon (South Restoration)

  	
   

  	
  16.33

  

 

A-1

 

Annex B

Other Contracts

 

	
   

  	
   

  	
  Contract

  	
   

  	
  Index #

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Part A

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Lease Agreement
  No. 24308694, dated August 6, 1999, between Crown Pacific and Minolta
  Leasing Services (n/k/a Tokai Financial Services, Inc.) – Toshiba Digital
  2460, document feeder, paper bank, duplex unit, sorter

  	
   

  	
  23.1.36

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Equipment Order,
  dated July 19, 1999, between Crown Pacific and Danka Imaging Company –
  Toshiba 2460, document feeder, duplex, paper bank, sorter

  	
   

  	
  23.1.50.C

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Part B

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  26.

  	
   

  	
  Timber Sale
  Contract No. 067256, dated December 19, 2002, between United States
  Department of Agriculture, Forest Service and Crown Pacific Ltd. Partnership
  – 1,100 acres located in Klamath County, Oregon (Flame)

  	
   

  	
  16.15

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  44.

  	
   

  	
  Timber Sale
  Contract No. 060063, dated May 17, 2004, between United States Department of
  Agriculture, Forest Service and Crown Pacific Limited Partnership – 436 acres
  (Chase Salvage)

  	
   

  	
  23.1.106

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  46.

  	
   

  	
  Timber Sale
  Contract No. 067058, dated November 8, 1999, between United States Department
  of Agriculture, Forest Service and Crown Pacific Limited Partnership – 1,197
  acres (Monarch)

  	
   

  	
  16.12

  

 

B-1

 

Annex C

Excluded
Contracts

 

	
   

  	
   

  	
  Contract

  	
   

  	
  Index #

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  15.

  	
   

  	
  Timber Sale Contract No. 067256, dated December 19, 2002, between
  United States Department of Agriculture, Forest Service and Crown Pacific
  Ltd. Partnership – 1,100 acres located in Klamath County, Oregon (Flame)

  	
   

  	
  16.15

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  16.

  	
   

  	
  Timber Sale Contract No. 067058, dated November 8, 1999, between
  United States Department of Agriculture, Forest Service and Crown Pacific
  Limited Partnership – 1,197 acres (Monarch)

  	
   

  	
  16.12

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  17.

  	
   

  	
  Timber Sale Contract No. 067017, dated August 30, 1999, between
  United States Department of Agriculture, Forest Service and Crown Pacific
  Ltd. Partnership – 1,301 acres located in (Apple)

  	
   

  	
  16.30

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  18.

  	
   

  	
  Timber Sale Contract No. 060741, dated November 8, 1999, between
  United States Department of Agriculture, Forest Service and Crown Pacific Ltd.
  Partnership – 964 acres located in (Lox)

  	
   

  	
  16.32

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  19.

  	
   

  	
  Timber Sale Contract No. 067124, dated October 12, 2000, between
  United States Department of Agriculture, Forest Service and Crown Pacific
  Ltd. Partnership – 657 acres located in (Rosie)

  	
   

  	
  16.34

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  20.

  	
   

  	
  Timber Sale Contract No. 067140, dated November 14, 2000, between
  United States Department of Agriculture, Forest Service and Crown Pacific
  Ltd. Partnership – 992 acres located in (Oven)

  	
   

  	
  16.35

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  21.

  	
   

  	
  Timber Sale Contract No. 060063, dated May 17, 2004, between United
  States Department of Agriculture, Forest Service and Crown Pacific Limited
  Partnership – 436 acres (Chase Salvage)

  	
   

  	
  23.1.106

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  22.

  	
   

  	
  Schedule 2000-03, dated March 1, 2000, to Master Lease Agreement,
  dated July 23, 1998, between Lease Plan U.S.A., Inc. and Crown Pacific
  Limited Partnership—2000 Taylor THD 160 Pneumatic Diesel Lift Truck, serial
  #29001, unit #H501

  	
   

  	
  23.1.4.TTT

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  23.

  	
   

  	
  Equipment Order, dated July 19, 1999, between Crown Pacific and
  Danka Imaging Company – Toshiba 2460, document feeder, duplex, paper bank,
  sorter

  	
   

  	
  23.1.50.C

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  24.

  	
   

  	
  Timber Deed, dated March 28, 2001, between Crown Pacific Limited
  Partnership and Rosboro Lumber Company – purchase of lodgepole pine logs;
  stumpage right of first refusal

  	
   

  	
  16.6

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  25.

  	
   

  	
  Lease Agreement No. 24308694, dated August 6, 1999, between
  Crown Pacific and Minolta Leasing Services (n/k/a Tokai Financial Services,
  Inc.) – Toshiba Digital 2460, document feeder, paper bank, duplex unit,
  sorter

  	
   

  	
  23.1.36

  

 

C-1EXHIBIT 10.3

 

Amendment No. 2 to Asset Purchase
Agreement

(Mills)

 

This AMENDMENT NO. 2 TO ASSET PURCHASE AGREEMENT
(MILLS) (the “Amendment”) is made and entered into as of August 23,
2004, by and between CROWN PACIFIC LIMITED PARTNERSHIP, a Delaware limited
partnership (“Seller”), Debtor-in-Possession under Jointly Administered
Case No. 03-11258-PHX-RJH in the United States Bankruptcy Court for the
District of Arizona filed on June 29, 2003 under Chapter 11 of
Title 11 of the United States Code, and INTERNATIONAL FOREST PRODUCTS
LIMITED,  a
British Columbia corporation (“Buyer”).

 

Recitals:

 

A.            Seller and Buyer are parties to that certain
Asset Purchase Agreement (Mills) dated as of July 9, 2004, as amended (the “Agreement”),
pursuant to which Seller has agreed to sell and Buyer has agreed to purchase,
on the terms and conditions set forth therein, certain lumber manufacturing
facilities and related assets more fully described therein.  Capitalized terms used but not defined
herein have the respective meanings set forth in the Agreement.

 

B.            Seller
has determined, and Buyer has agreed, that (i) certain items of personal
property, listed on the attached Annex A (the “Additional Property”),
were inadvertently omitted from Schedule 1.1.3 to the Agreement, (ii) certain
items of personal property, listed on the attached Annex B (the “Removed
Property”), were inadvertently included on Schedule 1.1.3 to the
Agreement, (iii) certain items of personal property, listed on the attached Annex
C, should be listed on Schedule 1.2 to the Agreement ((ii) and (iii)
collectively, the “Excluded Property”), (iv) certain personal property
leases were inadvertently omitted from Schedule 1.1.5-1 to the
Agreement, and (v) certain personal property leases should be listed on Schedule
1.2 to the Agreement.

 

C.            Seller and Buyer
desire to set forth an allocation for certain Personal Property located in the
State of Washington not constituting machinery and equipment or inventory.

 

Agreements:

 

In consideration of the
foregoing and the mutual covenants of the parties set forth in this Amendment,
the parties, intending to be legally bound, agree as follows:

 

1.             Additions to Purchased Assets.

 

(a)             Personal Property.  Schedule 1.1.3 to the Agreement is
hereby amended by inserting the Additional Property at the end thereof.

 

(b)             Personal Property.  Schedule 1.1.3 of the Agreement is
hereby amended by inserting the following personal property on the portion of
such Schedule relating to the Gilchrist Mill:

 

	
  Company

  Number

  	
   

  	
  Description

  
	
  A158

  	
   

  	
  1997 Ford Expedition EB 4x4

  

 

provided,
however, that such item of
Personal Property listed above shall not be sold, transferred or otherwise
conveyed to Buyer unless, on or prior to the Closing Date, John Ernst receives
an offer of employment from, and accepts such offer with, Buyer.

 

 

(c)             Personal Property Leases.  Schedule 1.1.5-1 to the Agreement is
hereby amended by inserting the following lease agreements at the end thereof:

 

	
   

  	
   

  	
  Other

  	
   

  	
   

  
	
  13.

  	
   

  	
  Schedule
  A#:  00069, dated October 13, 1999 to
  Vehicle Lease Agreement, dated March 28, 1996, between Lease Plan U.S.A. and
  Crown Pacific Limited Partnership – 1999 Ford F150 3 Door Supercab, serial
  # 1FTRX18L0XKA78221, unit #A507

  	
   

  	
  23.1.4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.

  	
   

  	
  Schedule
  A#:  00087, dated April 17, 2000 to
  Vehicle Lease Agreement, dated March 28, 1996, between Lease Plan U.S.A. and
  Crown Pacific Limited Partnership – 2000 Ford Expedition XLT 4WD, serial
  # 1FMPU16L1YLB36606, unit #A585

  	
   

  	
  23.1.4

  

 

provided,
however, that each of the
Personal Property Leases set forth above shall not be assigned to Buyer unless
and until the Bankruptcy Court enters an order approving the assumption and
assignment thereof to Buyer (the date on which such order is entered being
referred to herein as the “Order Date”) pursuant to a motion filed by
Seller, which shall be filed promptly after the Closing Date; provided, further,
that item #14 listed above shall not be assumed and assigned to Buyer unless,
on or prior to the Closing Date, Paul Bialkowsky receives an offer of
employment from, and accepts such offer with, Buyer.

 

2.             Exclusion of Certain Property.

 

(a)           Removed Personal Property.  Schedule 1.1.3 to the Agreement
is hereby amended by deleting therefrom each of the items of Removed Property
and substituting the following in lieu thereof:  “Intentionally Omitted”.

 

(b)           Excluded Personal Property.  Schedule 1.2 to the Agreement is
hereby amended by inserting the Excluded Property at the end thereof.

 

(c)           Personal Property Leases.  Schedule 1.2 to the Agreement is
hereby amended by inserting the following lease agreements at the end thereof:

 

	
  15.

  	
   

  	
  Schedule A#: 
  00081, dated April 17, 2000 to Vehicle Lease Agreement, dated March
  28, 1996, between Lease Plan U.S.A. and Crown Pacific Limited Partnership –
  2000 Ford F250 Super Duty Super, serial # 1FTNX21F6YED06019, unit #A165

  	
   

  	
  23.1.4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  16.

  	
   

  	
  Schedule A#: 
  00083, dated April 27, 2000 to Vehicle Lease Agreement, dated March
  28, 1996, between Lease Plan U.S.A. and Crown Pacific Limited Partnership –
  2000 Ford F250 Super Duty Super, serial # 1FTNX21F7YED15179, unit #A167

  	
   

  	
  23.1.4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  17.

  	
   

  	
  Schedule A#: 
  00084, dated April 27, 2000 to Vehicle Lease Agreement, dated March
  28, 1996, between Lease Plan U.S.A. and Crown Pacific Limited Partnership –
  2000 Ford F250 Super Duty Super, serial # 1FTNX21F3YED15180, unit #A168

  	
   

  	
  23.1.4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  18.

  	
   

  	
  Schedule A#: 
  00098 to Vehicle Lease Agreement, dated March 28, 1996, between Lease
  Plan U.S.A. and Crown Pacific Limited Partnership – 2000 Ford F250 Super Duty
  Super, serial # 1FTNX21F2YED93997, unit #A169

  	
   

  	
  23.1.4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  19.

  	
   

  	
  Schedule A#: 
  00076, dated April 17, 2000 to Vehicle Lease Agreement, dated March
  28, 1996, between Lease Plan U.S.A. and Crown Pacific Limited Partnership –
  2000 Chevrolet Silverado 1500 

  	
   

  	
  23.1.4

  

 

2

 

	
   

  	
   

  	
  Ext Cab, serial # 1GCEK19TXYZ283453, unit #A801

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  20.

  	
   

  	
  Schedule A#: 
  00074, dated April 18, 2000 to Vehicle Lease Agreement, dated March
  28, 1996, between Lease Plan U.S.A. and Crown Pacific Limited Partnership –
  2000 Chevrolet Silverado 1500 Ext Cab, serial # 1GCEK19T1YZ286645, unit
  #A802

  	
   

  	
  23.1.4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  21.

  	
   

  	
  Schedule A#: 
  00075, dated April 18, 2000 to Vehicle Lease Agreement, dated March
  28, 1996, between Lease Plan U.S.A. and Crown Pacific Limited Partnership –
  2000 Chevrolet Silverado 1500 Ext Cab, serial # 1GCEK19T7YZ287895, unit
  #A803

  	
   

  	
  23.1.4

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  22.

  	
   

  	
  Schedule A#: 
  00099, dated February 11, 2000 to Vehicle Lease Agreement, dated March
  28, 1996, between Lease Plan U.S.A. and Crown Pacific Limited Partnership –
  1998 Chevrolet Tahoe 4 DR, serial # 1GNEK13R5WJ373786, unit #A170

  	
   

  	
  23.1.4

  

 

3.             Personal
Property Lease Prorations.  During
the period from the Closing Date to the Order Date, Buyer shall be entitled to
use the personal property that is subject to the Personal Property Leases set
forth in Section 1(c) of this Amendment (subject to the second proviso
thereof).  All amounts paid by Seller
pursuant to such Personal Property Leases between the Closing Date and the
Order Date shall be prorated between the parties as of the Closing Date, and
Buyer shall reimburse Seller accordingly within five (5) Business Days after a
request therefor made by Seller after the Order Date.

 

4.             Allocation.  Buyer and Seller hereby agree that the sum
of $60,000, plus the fair market value of any fuel on hand at the Port Angeles
Mill and the Marysville Mill as of the Closing Date, shall be allocated to
Personal Property not constituting either machinery and equipment used in
manufacturing or Raw Materials, Residuals and Finished Goods Inventory.

 

5.             Modification.  This Amendment may not
be modified or amended except by the written agreement of the parties.

 

6.             Binding
Effect. The provisions of this Amendment shall be binding upon and inure to
the benefit of the parties and their respective successors and permitted assigns.

 

7.             Effect
of Amendment. Except as expressly provided in this Amendment, the Agreement
shall remain unamended and in full
force and effect. All references in the Agreement to “this Agreement” shall be
deemed to mean the Agreement as amended by this Amendment.

 

8.             Execution.
This Amendment may be executed in any number of counterparts, all of which
together shall constitute one and the same agreement. Each party may rely upon
the signature of each other party on this Amendment that is transmitted by
facsimile as constituting a duly authorized, irrevocable, actual, current
delivery of this Agreement with the original ink signature of the transmitting
party.

 

[SIGNATURE PAGE FOLLOWS]

 

3

 

IN
WITNESS WHEREOF, the parties have executed this Amendment as of the date first
above written.

 

	
  Seller:

  	
  CROWN PACIFIC
  LIMITED PARTNERSHIP,

  
	
   

  	
  a Delaware
  limited partnership

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Crown Pacific
  Management Limited Partnership, its

  General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Steven E.
  Dietrich

  	
   

  
	
   

  	
   

  	
  Name: Steven E.
  Dietrich

  
	
   

  	
   

  	
  Title: Senior
  Vice President,

  
	
   

  	
   

  	
             Chief
  Financial Officer and Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Buyer:

  	
  INTERNATIONAL FOREST
  PRODUCTS LIMITED, a 

  British Columbia corporation

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lawrence D. Cocke

  	
   

  
	
   

  	
  Name:  Lawrence D. Cocke

  	
   

  
	
   

  	
  Title:  Corporate Controller

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ G. J. Friesen

  	
   

  
	
   

  	
  Name:  G. J. Friesen

  	
   

  
	
   

  	
  Title:  VP & Corp. Secretary

  	
   

  
									

 

4

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