Document:

EX-10.10

 THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT 

REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS MARKED WITH [***] AND HAS 

BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

Exhibit 10.10 

AMENDMENT NO. 1 TO 

CELLULOSE SPECIALTIES AGREEMENT 
 THIS
AMENDMENT is effective as of January 1, 2012, and is entered into by and between Nantong Cellulose Fibers Co., Ltd. (“Buyer”), and Rayonier Performance Fibers, LLC (“Seller”), collectively, the “Parties.” 

WHEREAS, Buyer and Seller entered into a Cellulose Specialties Agreement with an effective date of January 1, 2012 (the “Agreement”);

 WHEREAS, the Parties desire to amend the Agreement to revise the parties respective purchase and sales volumes obligations; 

WHEREAS, the Parties desire to revise certain business terms in the Agreement. 

NOW THEREFORE, the Parties hereby amend the Agreement as follows: 
  

	1.	Replace Article 3(a) in its entirety with the following: 

 (a) Buyer shall purchase and Rayonier
shall sell the following annual quantities: 
 2012 *** 

2013 *** 
 2014 *** 

Except as amended above, all remaining provisions of the Agreement shall continue in full force and effect. 

IN WITNESS WHEREOF, the Parties have executed this Amendment effective as of the day and year first above written. 

 

									
	NANTONG CELLULOSE FIBERS CO., LTD.	 		 	RAYONIER PERFORMANCE FIBERS, LLC
					
	By:	 	 /s/ Mao Jun
	 		 	By:	 	 /s/ Erin Byers

	Name:	 	 Mao Jun
	 		 	Name:	 	 Erin Byers

	Title:	 	 Deputy Gen. Mgr. Administration
	 		 	Title:	 	 VP Sales Market Research

	Date:	 	 11/1/11
	 		 	Date:	 	 11/1/11EX-10.11

 THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL 

TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS 

MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND 

EXCHANGE COMMISSION. 

Exhibit 10.11 

DAICEL CHEMICAL - RAYONIER 

AMENDED AND RESTATED 

CELLULOSE SPECIALTIES AGREEMENT 

RAYONIER PERFORMANCE FIBERS, LLC, with a business address at 4474 Savannah Highway, Jesup, Georgia 31545 (“Rayonier”) agrees to sell
and DAICEL CHEMICAL INDUSTRIES, LTD., with a business address at JR Shinagawa East Bldg., 2-18-1, Konan, Minato-ku, Tokyo 108-8230, Japan, on behalf of itself, its affiliates, and its subsidiaries
(“Daicel”), agrees to purchase the Products described below, subject to the terms and conditions set forth in this Amended and Restated Cellulose Specialties Agreement (This “Agreement”). 

As of January 1, 2012, this Agreement amends and restates in its entirety that certain Cellulose Specialties Agreement between Rayonier and Daicel with
an effective date of January 1, 2008, as was amended effective October 1, 2010 (collectively, the “2008 Agreement”), and that certain Cellulose Specialties Agreement with an effective date of January 1, 2012 which was
executed contemporaneously with the October 1, 2010 amendment. The 2008 Agreement shall continue in full force and effect for all shipments made through December 31, 2011. 

 

	(1)	PRODUCTS: *** and any acetate and ether grades mutually agreed by Rayonier and Daicel consistent with Rayonier’s standard specifications. 

 

	(2)	TERM: This Agreement is effective as of January 1, 2012, and shall continue in full force and effect through December 31, 2016. 

 

	(3)	QUANTITY AND DELIVERIES: 

  

	(a)	Daicel agrees to purchase and Rayonier agrees to sell the following quantity of Product, which shall be measured in air dry metric tons (“ADMT”) during the calendar years specified below: 

 

			
	 Calendar Year
	  	Purchase Volume
Requirement (ADMT)
	 2012
	  	***
	 2013
	  	***
	 2014 *
	  	***
	 2015 *
	  	***
	 2016 *
	  	***

  

	*	 For each respective calendar year specified, Daicel shall notify Rayonier no later than *** of the previous calendar year of the actual volume, within
the range specified, that it will purchase for such coming calendar year and that stated volume will become Daicel’s 

 THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL 

TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS 

MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND 

EXCHANGE COMMISSION. 
  

	 	
purchase volume requirement for said year. The parties agree to negotiate in good faith a potential purchase and sale agreement (including the quantities and prices) for Product for calendar year
2017, such negotiations to begin no later than the fourth quarter of calendar year 2015. 

 Total shipments of *** shall be
limited to a maximum of *** ADMT each calendar year. 
 Shipments of *** shall be limited to *** each calendar quarter. In the event that
Daicel agrees to changes to certain Product specifications as described in Rayonier’s purchase specifications for *** to the levels set forth in Exhibit B, the quarterly shipment limit on shipments of *** purchased under the new specifications
shall be removed. 
 The specific quantities, grades (Products), delivery dates, and terms of each individual shipment shall be agreed upon
and set forth in Rayonier’s Pulp Sales Contract applicable to such shipment; such Pulp Sales Contract shall serve as order confirmation only and shall not alter the terms of this Agreement. Daicel shall use its best efforts to schedule its
purchases in equal monthly increments throughout the year, and agrees to provide to Rayonier rolling quarterly purchase forecasts. 
  

	(b)	*** 

  

	(c)	Notwithstanding the foregoing, the parties agree that if ***. 

  

	(4)	PRICE AND TERMS: 

  

	(a)	Payment terms shall be *** but in no event later than *** from the date of the Bill of Lading. If Daicel requests delivery to a destination other than ***, the terms for such deliveries shall be at Rayonier’s
discretion, stated on the Pulp Sales Contract associated with such shipments, and Daicel shall be responsible for all additional costs, if any, associated with delivery to such other destinations. 

 

	(b)	The price for Product shall be as follows: (i) for all volume of *** the price per ADMT shall be the delivered price charged to Daicel for the volume of such grades purchased in the previous year, plus *** the
price per ADMT shall be equal to the sum of the *** the price per ADMT shall be equal to the ***. Notwithstanding the foregoing, in the event that ***. 

For purposes of this Agreement, *** means *** 
  

	(c)	Each year of this Agreement, except for *** commencing with all shipments made on or after January 1, 2013, ***. For example, *** for calendar year 2013 will be calculated based on ***. Notwithstanding the
foregoing, the *** under this 4(c) shall not *** during the term of this Agreement. For example, ***. 

  

	(5)	*** CHARGE: *** 

  
 -2- 

 THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL 

TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS 

MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND 

EXCHANGE COMMISSION. 
  

	(6)	SURCHARGE: If Rayonier experiences a significant increase in its cost of raw materials or operating costs, beyond Rayonier’s control, Rayonier and Daicel agree ***. 

 

	(7)	ALLOWANCE: Provided Daicel is not in default under this Agreement, for each calendar year during the term hereof in which Daicel purchases and pays for the minimum volumes set forth in Article 3 above,
Rayonier shall ***. 

 Volume *** shall be advanced within 30 days of the end of each quarter based on the assumption that the
minimum annual volume requirement described in Article 3 is met. Daicel agrees to reimburse Rayonier the volume *** for each calendar year in which the minimum annual volume requirement is not met. Repayment of the volume *** shall be ***. 

 

	(8)	CONSTRUCTION OF AGREEMENT: This Agreement, and all sales of Product made pursuant hereto, are subject to the General Terms of Sale set forth in Exhibit A, all of which are included herein and by
reference made a part hereof. The parties anticipate that either Daicel or Rayonier may employ as an administrative matter purchase orders, order confirmations, contracts of sale or other forms which incorporate other provisions which by their terms
purport to apply to a sale hereunder. The parties expressly stipulate that only this Agreement shall govern, and that no provisions in any such form shall apply to a sale hereunder, except to confirm an order or identify a specific shipment. This
Agreement amends and restates any previous agreements with regard to transactions occurring on or after January 1, 2012. This Agreement may be altered or modified only by express agreement in writing signed by both Daicel and Rayonier, and no
such agreement shall be implied by any act of shipment or acceptance of Product. This Agreement may be made in duplicate in English and one or more other languages, in the event of a conflict between the English language text and a duplicate
translation, the English language text shall govern. 

  

									
	DAICEL CHEMICAL INDUSTRIES, LTD.	 		 	RAYONIER PERFORMANCE FIBERS, LLC
					
	By:	 	 /s/ Shuzaburo Kumano
	 		 	By:	 	 /s/ Paul G. Boynton

					
	Name:	 	Shuzaburo Kumano	 		 	Name:	 	Paul G. Boynton
					
	Title:	 	Managing Executive Officer & President Cellulose Company	 		 	Title:	 	President
					
	Date:	 	  
	 		 	Date:	 	  

  
 -3- 

 THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL 

TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS 

MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND 

EXCHANGE COMMISSION. 
  

 Exhibit A to Cellulose Specialties Agreement     

Rayonier 
 GENERAL TERMS
OF SALE 
 (1) TITLE; DEFINITION OF “PORT OF ENTRY:” Unless contrary provisions specifically referring to title and/or
risk of loss are set forth in the Agreement to which these General Terms of Sale are attached as an exhibit or on the face of any Pulp Sales Contract entered into pursuant thereto, title and risk of loss or damage to all products deliverable
hereunder, including Wood Pulp and Chemical Cellulose (hereinafter for convenience called “Cellulose”) shall pass to the Buyer, regardless of time, terms or method of payment and without diminution or release of Seller’s security
interest therein: (i) in the event the terms of sale specified in the applicable Pulp Sales Contract are FOB, upon tender of delivery by Seller aboard common carrier at such FOB location; (ii) in the event the terms of sale specified in
the applicable Pulp Sales Contract are CIP, when the relevant shipment is delivered to the named destination; (iii) in the event the terms of sale specified in the applicable Pulp Sales Contract are CFR, when the relevant shipment is loaded on
board the carrying vessel at the Port of Exit; (iv) in the event the terms of sale specified in the applicable Pulp Sales Contract are CIF, when the vessel carrying the relevant shipment arrives dockside at the Port of Entry; (v) in the
event the terms of sale specified in the applicable Pulp Sales Contract are FAS., upon delivery alongside the carrying vessel at the port of exit identified in such terms or on a dock designated and provided by the Buyer at such port of exit;
(vi) in the event the terms of sale specified in the applicable Pulp Sales Contract are FCA, when the relevant shipment is delivered to the named destination; or (vii) in the event the terms of sale specified in the applicable Pulp Sales
Contract are DAP, when the relevant shipment is delivered at the named place of destination, provided, however, that Buyer shall bear all risk of loss or damage resulting from Buyer’s failure to clear the products for import in time. As used in
these General Terms, “Port of Entry” means the port outside of the United States of America at which the carrying vessel actually docks for purposes of unloading the Cellulose, regardless of whether such port is identified in the CIF terms
on the applicable Pulp Sales Contract. 
 (2) WEIGHT: In case of Cellulose “Ton” means “Metric Ton” 1,000 kgs.
on an airdry basis (i.e., 90% bone-dry Cellulose by weight and 10% moisture) and usual packaging materials. 
 (3) SHIPPING COST AND
TAXES: Unless the terms of sale specified in the applicable Pulp Sales Contract are *** all insurance costs, and, unless the terms of sale specified in the applicable Pulp Sales Contract are *** all freight or other shipping costs of any
shipment beyond the point at which title passes as specified in paragraph (1). In the event *** any sales, use, excise or other tax, imposed or increased by Federal, State, Provincial or other taxing authority (except income, excess profits or
social security taxes) resulting ***. In the event the *** all present and future charges after arrival of any shipment at Port of Entry, including, but not limited to, all warehouse charges, import duties, consular fees and charges, tariff charges
and taxes imposed by any taxing authority in the Port of Entry or country of destination. 
 (4) QUANTITY: A maximum margin of l0%,
more or less, on the quantities shipped is to be allowed for convenience of arranging freighting. 
 (5) CLAIMS: In the event the
Buyer’s location to which the Cellulose is being shipped is located in the United States of America or Canada, all claims relating to any shipment must be made in writing within *** after arrival of shipment at destination and in no event later
than *** after date of shipment from Seller’s mill. In the event the Buyer’s location to which the Cellulose is being shipped is located outside of the United States of America or Canada, all claims relating to any shipment must be made in
writing within *** after arrival of the shipment at Port of Entry. Buyer shall be entitled to reject any shipment or installment for defect or failure to conform within the time period stated above, and such defective or nonconforming shipment or
installment shall be returned to Seller at Seller’s sole cost and expense. No defect or nonconformity in any shipment or installment shall excuse the Buyer from accepting and paying for any shipment or installment as to which no defect or
nonconformity shall exist; but the Seller, at its option, may treat default in payment for any shipment or installment as a breach of the entire Agreement to which these General Terms of Sale are attached as an exhibit or as a breach of any Pulp
Sales Contract entered into pursuant thereto and pursue its rights as described and referred to in paragraph 10. Buyer’s payment for any shipment or installment prior to examination and acceptance of such shipment or installment shall not be
deemed an act of acceptance by Buyer. 
 (6) TESTS: In the event of a dispute as to the moisture content of any Cellulose, a retest
shall be made in accordance with the procedures for the *** as set forth in *** as revised and corrected ***. The Buyer shall, however, pay the invoice for the Cellulose in full, when due, subject to the result of the retest. If the difference in
moisture between that described herein or in the applicable Pulp Sales Contract on the one hand and that determined by retesting on the other hand does not exceed l% moisture, the cost of retesting shall be borne by the Buyer; otherwise, an
appropriate adjustment shall be made to the invoice in accordance with the results of the retests and the Seller shall bear the cost of the retest. 

  
 -4- 

 THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL 

TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS 

MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND 

EXCHANGE COMMISSION. 
  

 (7) LIMITATION OF LIABILITY: Seller warrants that the Cellulose shall comply
with the description set out in the *** BUT MAKES NO OTHER WARRANTY, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. Either party’s liability hereunder shall in any case be limited to not exceed the
purchase price of the particular delivery to Buyer hereunder giving rise to a claim by the other party. The parties shall not be liable for any special, incidental, indirect, punitive or consequential damages, including, but not limited to, loss of
use, or loss of profit, breach of contract between either party and any third party, negligence or any other cause of action, nor for cost of litigation related thereto. 

(8) CONTINGENCIES: In the event of any contingency preventing or substantially interfering with the production, shipment, delivery or
acceptance of the products deliverable hereunder, including but not limited to such contingencies as fire, accident, sabotage, act of war or the public enemy, uprising, riot, restraint by any government, regulation, rule or order (whether or not
actually valid) of any governmental agency or authority, the fixing of price ceilings on any products deliverable hereunder by a governmental agency or authority below prices agreed to for such products by the Seller and the Buyer, strike, sitdown,
lockout, labor dispute, shortage of labor, fuel, power or raw materials, embargo, restriction or scarcity of transportation facilities, act of God or other cause beyond the control of either party, restrictions as to contracts, materials and
shipping, and allocations or priorities, then the affected party shall be under no obligation during such contingency to make shipments in the case of Seller, or accept shipments, in the case of Buyer or any of its affiliates and subsidiaries,
except such as have been delivered to common carrier prior to the receipt by the Seller of notice from the Buyer of such contingency. If any such contingency shall ***. 

(9) SOURCE OF SHIPMENT: *** 

(10) DEFAULTS: If the Buyer shall be in default for *** in payment due, or if the Buyer shall default in the performance of any other
obligation, term or condition hereof, of the Agreement to which these General Terms of Sale are attached as an exhibit or of any Pulp Sales Contract entered into pursuant thereto, or if the Buyer or the Seller shall become insolvent, admit in
writing its inability to pay its debts as they mature, file a petition in proceedings in bankruptcy or insolvency or for reorganization or liquidation or relief under any bankruptcy, insolvency or debtor laws, make an assignment for the benefit of
creditors, consent to the appointment of a receiver of it or of any substantial part of its property, be adjudicated a bankrupt or insolvent on a petition filed against it in bankruptcy or under insolvency or debtor laws, or if an order shall be
made by any court appointing a receiver of either Buyer or Seller or of any substantial part of the property of either, or if any court shall assume custody or control of either the Buyer or Seller or of any substantial part of the property of
either; then, and in any such event, the non-defaulting party may, at its option, without demand or notice of any kind and without prejudice to any other remedies afforded it under applicable law or otherwise, either suspend performance hereunder
during the continuance of such event (in which event, if the non-defaulting party elects, the Agreement to which these General Terms of Sale are attached as an exhibit and/or any Pulp Sales Contract entered into pursuant thereto shall be deemed
extended for a period of time equal to that during which performance has been suspended) or terminate the Agreement to which these General Terms of Sale are attached as an exhibit, any Pulp Sales Contract entered into pursuant thereto and/or any
other contracts with the defaulting party without prejudice to any right of action for damages against the defaulting party. 
 (11)
ASSIGNMENT: The Agreement to which these General Terms of Sale are attached as an exhibit and each Pulp Sales Contract entered into pursuant thereto shall bind the respective successors and assigns of the parties thereto, but neither
party’s rights or obligations thereunder may be assigned without the other party’s prior written consent, except to a subsidiary or affiliated corporation of such assigning party, provided that such assignment shall not relieve the
assignor of its obligation thereunder. Any such assignment without the other party’s written consent shall be void. 
 (12)
SEVERABILITY: If any provision herein is or becomes invalid or illegal in whole or in part, such provision shall be deemed amended, as nearly as possible, to be consistent with the intent expressed herein, in the Agreement to which these General
Terms of Sale are attached as an exhibit, and any applicable Pulp Sales Contract entered into pursuant thereto, and if such is impossible, that provision shall fail by itself without invalidating any of the remaining provisions not otherwise invalid
or illegal. 
 (13) NOTICE: Any notice shall be sufficiently given when duly mailed, registered or certified mail, return receipt
requested, postage prepaid, addressed to Seller at 4474 Savannah Highway, P.O.Box 1280, Jesup, Georgia 31545, U.S.A., Attention: Vice President, Pulp Marketing, and to Buyer at its address appearing in the Agreement to which these General Terms are
attached as an exhibit, or to such other address for either party as that party may by proper notice designate. 

  
 -5- 

 THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL 

TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS 

MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND 

EXCHANGE COMMISSION. 
  

 (14) GOVERNING LAWS AND DISPUTES: These General Terms of Sale, the Agreement to which
they are attached as an exhibit and each Pulp Sale Contract entered into pursuant thereto shall be interpreted and construed in accordance with the laws of the ***. The application of the U.N. Convention on Contracts for the International Sale of
Goods is expressly excluded. 
  

	(a)	*** 

  

	(b)	*** 

  

	(c)	*** 

 (15) COMPLIANCE WITH FEDERAL LAW: When producing in the United States of America
the products deliverable under the Agreement to which these General Terms of Sale are attached as an exhibit and any Pulp Sale Contract entered into pursuant thereto, the Seller shall comply with the Fair Labor Standard Act of 1938, as amended, and
Title VII of the Civil Rights Act of 1964, as amended. 
 (16) DELAY NO CAUSE FOR REFUSAL: Notwithstanding anything contained
herein, in the event of a carrier or vessel being delayed in arriving at Buyer’s location to which the Cellulose is being shipped or to any foreign Port of Entry, through no fault of Seller, beyond the estimated time of arrival (ETA), such
delay shall not by itself constitute a cause for refusal of the shipment by the Buyer. 

  
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 THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL 

TREATMENT REQUEST PURSUANT TO RULE 24b-2. REDACTED MATERIAL IS 

MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND 

EXCHANGE COMMISSION. 
  

 EXHIBIT B TO CELLULOSE SPECIALTIES AGREEMENT 

Potential Revisions to 
 *** 

Referred to in 4(b)(iii) 
  

					
	 	  	Single roll	 	Lot average
	 	  	max	 	max
	 ***
	  	***	 	***

  

											
	 	  	 	 	Jumbo	 	Lot Average
	 	  	Target	 	Min	 	max	 	min	 	max
	 ***
	  	***	 	***	 	***	 	***	 	***
						
	 ***
	  		 		 		 		 	
	 ***
	  		 		 		 		 	
	 ***
	  		 		 		 		 	

  
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