Document:

EX-10.1

 Exhibit 10.1 
  

 
 July 17, 2015 

VIA EMAIL 
 Jimmy S.H. Lee 

Mercer International Inc. 
 Suite 1170 – 700 West Pender
Street 
 Vancouver, B.C. V6C 1G8 
 Dear Jimmy: 

 

	Re:	 Amendment to Employment Arrangements 

 
 Pursuant to our previous discussions,
the board of directors (the “Board”) of Mercer International Inc. (the “Company”) are very pleased to confirm your transition from your current position as President, Chief Executive Officer and Chairman of the
Company to Executive Chairman of the Company on the revised terms and conditions outlined below: 
  

			
	New Title:		 Executive Chairman of the Board

		
	Start Date:		 July 20, 2015 (the “Effective Date”)

		
	Duties:		 As Executive Chairman of the Board, you will be responsible for developing the Company’s overall corporate strategy,
providing leadership and building consensus, in conjunction with the chief executive officer of the Company (“CEO”), in the development of the Company’s overall strategic plan, capital markets activities and corporate
development initiatives within the context of the corporate strategy. You will primarily act as a key driver of the development of the strategy and the CEO will be primarily responsible for the execution of the strategy.

 
 Your specific duties will be as set forth under the section
“Terms of Reference for the Executive Chairman of the Board of the Company”, a copy of which forms part of the Company’s amended Corporate Governance Guidelines.

  
 MERCER INTERNATIONAL INC 

SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BC V6C 1G8 T: (604) 684-1099 F: (604) 684-1094 

14900 INTERURBAN AVENUE SOUTH, SUITE 282 SEATTLE, WASHINGTON 98168 T: (206) 674 4639 F: (206) 674 4629 

			
	Base Salary:		 Euro 463,500 per year, subject to annual review (effective July 31, 2015).

		
	Annual Bonus:		 In addition to your base salary, you shall be eligible to receive in respect of each fiscal year (or portion thereof) additional variable cash compensation,
in an amount, if any, determined by the Board.

		
	LTIP Awards		 As Executive Chairman of the Board, you will receive up to 100% of the maximum awards available to you under the Company’s long-term incentive
plan.

		
	Benefits:		 As Executive Chairman of the Board, you shall continue to receive all of the benefits and perquisites currently provided to you by the Company.

		
	Vacation:		 Your annual vacation entitlement will remain unchanged.

		
	Change of Control:		 The change of control provisions in your current employment contract with the Company will remain unchanged.

		
	Miscellaneous:		 This letter shall be read together with your current employment agreement and together they set out the entire agreement in respect of your employment by the
Company and supersede and replace in its entirety any and all prior commitments, agreements and understandings, whether written or oral. This letter shall be interpreted and construed in accordance with the laws of British Columbia. This letter may
be signed in counterparts and by facsimile or email transmission.

 [Remainder of this page intentionally left blank.] 

 
 MERCER INTERNATIONAL INC 

SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BC V6C 1G8 T: (604) 684-1099 F: (604) 684-1094 

14900 INTERURBAN AVENUE SOUTH, SUITE 282 SEATTLE, WASHINGTON 98168 T: (206) 674 4639 F: (206) 674 4629 

 The Board is extremely pleased that you will become the Executive Chairman of the Board of our
Company. Together, we will continue to expand the Company’s position as one of the largest publicly traded producers of market northern bleached softwood kraft pulp in the world. 

 

					
	 Very truly yours,

	
	 MERCER INTERNATIONAL INC.

		
	 By:
		 /s/ Eric Lauritzen

 
			
	 Name:
		Eric Lauritzen
	 Title:
		Lead Director

 I have read and accept this amendment to my employment arrangements as of the 20th day of July, 2015. 
  

	
	 /s/ Jimmy S. H. Lee

	 Jimmy S.H. Lee

  
 MERCER INTERNATIONAL INC 

SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BC V6C 1G8 T: (604) 684-1099 F: (604) 684-1094 

14900 INTERURBAN AVENUE SOUTH, SUITE 282 SEATTLE, WASHINGTON 98168 T: (206) 674 4639 F: (206) 674 4629EX-10.2

 Exhibit 10.2 
  

 
 July 17, 2015 

VIA EMAIL 
 David M. Gandossi 

Mercer International Inc. 
 Suite 1170 – 700 West Pender
Street 
 Vancouver, B.C. V6C 1G8 
 Dear David: 

 

	Re:	 Amendment to Employment Arrangements 

 
 Pursuant to our previous discussions,
the board of directors (the “Board”) of Mercer International Inc. (the “Company”) are very pleased to confirm your transition from your current position as Executive Vice President, Finance, Chief Financial Officer
and Secretary of the Company, and to offer you a continuing position with the Company on the revised terms and conditions outlined below: 
  

			
	 New Title:
		 Chief Executive Officer (“CEO”), President and Director of the Company.

		
	 Start Date:
		 July 20, 2015 (the “Effective Date”)

		
	 Duties:
		 Subject to the overall control, direction and policies of the Board, as CEO, you will be responsible for the general
supervision, management, organization, administration and operation of the Company and its subsidiaries in the ordinary course of business and have all powers necessary to carry out your responsibilities. You will work cooperatively with the
Executive Chairman of the Board of the Company to develop and implement the strategic goals of the Company. While the Executive Chairman will primarily act as a key driver of the development of the strategy, as CEO, you will be primarily responsible
for the execution of the strategy.
  
 Your specific duties
will be as set forth under the section “Terms of Reference for the Chief Executive Officer of the Company”, a copy of which forms part of the Company’s amended Corporate Governance Guidelines.

  
 MERCER INTERNATIONAL INC 

SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BC V6C 1G8 T: (604) 684-1099 F: (604) 684-1094 

14900 INTERURBAN AVENUE SOUTH, SUITE 282 SEATTLE, WASHINGTON 98168 T: (206) 674 4639 F: (206) 674 4629 

			
	Base Salary:		 Cdn.$590,000 per year (effective July 1, 2015), subject to annual review, including at the next scheduled review in February 2016.

		
	Annual Bonus:		 In addition to your base salary, you shall be eligible to receive in respect of each fiscal year (or portion thereof) additional variable cash compensation, in
an amount, if any, determined by the Board.

		
	LTIP Awards		 As CEO, effective July 1, 2015, you will receive up to 100% of the maximum awards available to you under the Company’s long-term incentive
plan.

		
	Benefits:		 As CEO, you shall continue to receive all of the benefits and perquisites currently provided to you by the Company.

		
	Vacation:		 Your annual vacation entitlement will remain unchanged.

		
	Change of Control:		 The change of control provisions in your current employment contract with the Company will remain unchanged.

		
	Miscellaneous:		 This letter shall be read together with your current employment agreement and together they set out the entire agreement in respect of your employment by the
Company and supersede and replace in its entirety any and all prior commitments, agreements and understandings, whether written or oral. This letter shall be interpreted and construed in accordance with the laws of British Columbia. This letter may
be signed in counterparts and by facsimile or email transmission.

 [Remainder of this page intentionally left blank.] 

 
 MERCER INTERNATIONAL INC 

SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BC V6C 1G8 T: (604) 684-1099 F: (604) 684-1094 

14900 INTERURBAN AVENUE SOUTH, SUITE 282 SEATTLE, WASHINGTON 98168 T: (206) 674 4639 F: (206) 674 4629 

 The Board is extremely pleased that you will become the CEO of our Company. Together, we will
continue to expand the Company’s position as one of the largest publicly traded producers of market northern bleached softwood kraft pulp in the world. 

 

					
	 Very truly yours,

	
	 MERCER INTERNATIONAL INC.

		
	 By:
		 /s/ Eric Lauritzen

 
			
	 Name:
		 Eric Lauritzen

	 Title:
		 Lead Director

 I have read and accept this amendment to my employment arrangements as of the 20th day of July, 2015. 
  

	
	 /s/ David M. Gandossi

	 David M. Gandossi

  
 MERCER INTERNATIONAL INC 

SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BC V6C 1G8 T: (604) 684-1099 F: (604) 684-1094 

14900 INTERURBAN AVENUE SOUTH, SUITE 282 SEATTLE, WASHINGTON 98168 T: (206) 674 4639 F: (206) 674 4629EX-10.3

 Exhibit 10.3 
  

 
 July 17, 2015 

VIA EMAIL 
 David K. Ure 

Mercer International Inc. 
 Suite 1170 – 700 West Pender
Street 
 Vancouver, B.C. V6C 1G8 
 Dear David: 

 

	Re:	 Amendment to Employment Arrangements 

 
 Pursuant to our previous discussions,
the board of directors (the “Board”) of Mercer International Inc. (the “Company”) are very pleased to confirm your transition from your current position as Senior Vice President, Finance of the Company, and to offer
you a continuing position with the Company on the revised terms and conditions outlined below: 
  

			
	 New Title:
		 Senior Vice President, Finance, Chief Financial Officer (“CFO”) and Secretary of the Company. In addition, you agree to serve, at no additional
remuneration, in such other executive capacities and to assume such responsibilities and perform such duties as the Company’s Chief Executive Officer (“CEO”) may require and assign to you from time to time, including assigned
duties relating to the Company’s subsidiaries.

		
	 Start Date:
		 July 20, 2015 (the “Effective Date”)

		
	 Duties:
		 You shall report to the CEO who may vary the conditions, duties and services you provide from time to time according to the operational and other needs of the
Company’s business, provided that your duties will reasonably reflect the responsibilities conferred by your new position as CFO. As CFO, you will be expected to produce timely and good quality work, acting in a competent, trustworthy and loyal
manner. As CFO, you agree to carry out, using reasonable best efforts and in a manner that will promote the interests of the Company’s business, such duties and functions as the CEO may request from time to time.

		
	 Base Salary:
		 Cdn.$350,000 per year (effective July 1, 2015), subject to annual review, including at the next scheduled review in February 2016.

  
 MERCER INTERNATIONAL INC 

SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BC V6C 1G8 T: (604) 684-1099 F: (604) 684-1094 

14900 INTERURBAN AVENUE SOUTH, SUITE 282 SEATTLE, WASHINGTON 98168 T: (206) 674 4639 F: (206) 674 4629 

			
	 Annual Bonus:
		 In addition to your base salary, you shall be eligible to receive in respect of each fiscal year (or portion thereof) additional variable cash compensation, in
an amount, if any, determined by the Board.

		
	 LTIP Awards
		 As CFO, effective July 1, 2015, you will receive up to 67% of the maximum awards available to you under the Company’s long-term incentive
plan.

		
	 Benefits:
		 As CFO, you shall continue to receive all of the benefits and perquisites currently provided to you by the Company.

		
	 Vacation:
		 Your annual vacation entitlement will remain unchanged.

		
	Change of Control:		 The change of control provisions in your current employment contract with the Company will remain unchanged.

		
	 Miscellaneous:
		 This letter shall be read together with your current employment agreement and together they set out the entire agreement in respect of your employment by the
Company and supersede and replace in its entirety any and all prior commitments, agreements and understandings, whether written or oral. This letter shall be interpreted and construed in accordance with the laws of British Columbia. This letter may
be signed in counterparts and by facsimile or email transmission.

 [Remainder of this page intentionally left blank.] 

 
 MERCER INTERNATIONAL INC 

SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BC V6C 1G8 T: (604) 684-1099 F: (604) 684-1094 

14900 INTERURBAN AVENUE SOUTH, SUITE 282 SEATTLE, WASHINGTON 98168 T: (206) 674 4639 F: (206) 674 4629 

 The Board is extremely pleased that you will become the CFO of our Company. Together, we will
continue to expand the Company’s position as one of the largest publicly traded producers of market northern bleached softwood kraft pulp in the world. 

 

					
	 Very truly yours,

	
	 MERCER INTERNATIONAL INC.

		
	 By:
		 /s/ Eric Lauritzen

 
			
	 Name:
		 Eric Lauritzen

	 Title:
		 Lead Director

 I have read and accept this amendment to my employment arrangements as of the 20th day of July, 2015. 
  

	
	 /s/ David K. Ure

	 David K. Ure

  
 MERCER INTERNATIONAL INC 

SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BC V6C 1G8 T: (604) 684-1099 F: (604) 684-1094 

14900 INTERURBAN AVENUE SOUTH, SUITE 282 SEATTLE, WASHINGTON 98168 T: (206) 674 4639 F: (206) 674 4629

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