Document:

Form of Rights Agreement between Domtar Corporation and rights agent

 Exhibit 4.2 
 FORM OF 
 DOMTAR CORPORATION 
 and 
 COMPUTERSHARE TRUST COMPANY, N.A.

 RIGHTS AGREEMENT 
 Dated as of
[                    ], 2007 
  

 TABLE OF CONTENTS 
  

					
	Section 1.	  	Certain Definitions	  	1
	Section 2.	  	Appointment of Rights Agent	  	8
	Section 3.	  	Issue of Right Certificates	  	9
	Section 4.	  	Form of Right Certificates	  	10
	Section 5.	  	Countersignature and Registration	  	11
	Section 6.	  	Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated, Destroyed, Lost or Stolen Right Certificates	  	12
	Section 7.	  	Exercise of Rights; Purchase Price; Expiration Date of Rights	  	12
	Section 8.	  	Cancellation and Destruction of Right Certificates	  	14
	Section 9.	  	Reservation and Availability of Capital Stock	  	15
	Section 10.	  	Preferred Stock Record Date	  	16
	Section 11.	  	Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights	  	17
	Section 12.	  	Certificate of Adjusted Purchase Price or Number of Shares	  	25
	Section 13.	  	Consolidation, Merger or Sale or Transfer of Assets, Cash Flow or Earning Power	  	25
	Section 14.	  	Fractional Rights and Fractional Shares	  	28
	Section 15.	  	Rights of Action	  	30
	Section 16.	  	Agreement of Right Holders	  	30
	Section 17.	  	Right Certificate Holder Not Deemed a Stockholder	  	30
	Section 18.	  	Concerning the Rights Agent	  	31
	Section 19.	  	Merger or Consolidation or Change of Name of Rights Agent	  	31
	Section 20.	  	Duties of Rights Agent	  	32
	Section 21.	  	Change of Rights Agent	  	34
	Section 22.	  	Issuance of New Right Certificates	  	35
	Section 23.	  	Redemption	  	36
	Section 24.	  	Exchange	  	36
	Section 25.	  	Notice of Certain Events	  	38
	Section 26.	  	Notices	  	39
	Section 27.	  	Supplements and Amendments	  	39
	Section 28.	  	Successors	  	40
	Section 29.	  	Determinations and Actions by the Board of Directors, etc	  	40
	Section 30.	  	Benefits of this Agreement	  	40
	Section 31.	  	Severability	  	40
	Section 32.	  	Governing Law	  	41
	Section 33.	  	Counterparts	  	41
	Section 34.	  	Descriptive Headings	  	41
	Exhibit A	  	Form of Certificate of Designation	  	
	Exhibit B	  	Form of Right Certificate	  	
	Exhibit C	  	Summary of Rights to Purchase Preferred Stock	  	

 RIGHTS AGREEMENT 
 This Rights Agreement, dated as of [                    ], 2007 (the “Agreement”), between Domtar
Corporation, a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., a
[                                        ]
(the “Rights Agent”), 
 W I T N E S S E T H: 
 WHEREAS, the Board of Directors of the Company has authorized and declared a dividend of one preferred share purchase right (a “Right”) for
each share of Common Stock (as hereinafter defined) of the Company outstanding as of the date of this Agreement and on each additional share of Common Stock issued prior to the earlier of the Distribution Date and the Expiration Date (as such terms
are hereinafter defined), each Right initially representing the right to purchase one one-thousandth (1/1000th) of a share of Preferred Stock (as hereinafter defined), upon the terms and subject to the conditions hereinafter set forth, and has
further authorized the issuance of one Right (subject to adjustment) with respect to each share of Common Stock of the Company that shall become outstanding between the date of this Agreement and the earlier of the Distribution Date and the
Expiration Date and, to the extent provided in Section 22, with respect to each such share issued after the Distribution Date and prior to the Expiration Date; 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties hereby agree as follows: 
 Section 1. Certain Definitions. For purposes of this Agreement, the following terms have the meanings indicated: 
 (a) “13G Filer” shall mean any Person who is eligible to report on Schedule 13G under the Exchange Act (or any comparable or successor report) in connection with such Person’s ownership of Common Stock
of the Company. 
 (b) “13G Percentage” shall mean the percentage of the outstanding shares of Common Stock of the Company that
each Former 13G Filer, together with all Affiliates and Associates of such Former 13G Filer, Beneficially Owned immediately prior to the time such person became a Former 13G Filer, plus an additional 1%. Notwithstanding the foregoing, in the event
any Former 13G Filer shall sell, transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company on or after the time such person became a Former 13G Filer, the 13G Percentage shall, subsequent to such sale, transfer or
disposition, mean, with respect to such Former 13G Filer, the lesser of (i) the 13G Percentage as in effect immediately prior to such sale, transfer or disposition or (ii)

 
the percentage of outstanding shares of Common Stock of the Company that such Former 13G Filer, together with all Affiliates and Associates of such Former
13G Filer, Beneficially Owns immediately following such sale, transfer or disposition plus an additional 1%. 
 (c) “Acquiring
Person” shall mean any Person who or which, together with all Affiliates and Associates of such Person, shall be the Beneficial Owner of 10% or more of the shares of Common Stock of the Company then outstanding, but shall not include
(w) any Exempt Person, (x) any Grandfathered Person, unless such Grandfathered Person shall become, at any time after the Grandfathered Time, the Beneficial Owner of more than the Grandfathered Percentage of the shares of
Common Stock of the Company applicable to such Grandfathered Person, (y) any 13G Filer or (z) any Former 13G Filer, unless such Former 13G Filer shall become the Beneficial Owner of more than the 13G Percentage of the shares
of Common Stock of the Company applicable to such Former 13G Filer. Notwithstanding the foregoing: 
 (i) no Person shall become an
“Acquiring Person” as the result of an acquisition of shares of Common Stock by the Company which, by reducing the number of shares of Common Stock outstanding, increases the proportionate number of shares Beneficially Owned by such Person
to 10% or more of the shares of Common Stock of the Company then outstanding (or, in the case of a Grandfathered Person, more than the Grandfathered Percentage of the shares of Common Stock of the Company applicable to such Grandfathered Person, or,
in the case of a Former 13G Filer, more than the 13G Percentage of the shares of Common Stock of the Company applicable to such Former 13G Filer), provided, however, that if a Person shall become the Beneficial Owner of 10% or more of
the shares of Common Stock of the Company (or, in the case of a Grandfathered Person, more than the Grandfathered Percentage of the shares of Common Stock of the Company applicable to such Grandfathered Person, or, in the case of a Former 13G Filer,
more than the 13G Percentage of the shares of Common Stock of the Company applicable to such Former 13G Filer) by reason of share purchases by the Company and shall, after such share purchases by the Company, become the Beneficial Owner of any
additional shares of Common Stock of the Company (other than from the Company pursuant to a stock dividend or stock split), then such Person shall be deemed to be an “Acquiring Person” unless, upon becoming the Beneficial Owner of such
additional shares of Common Stock of the Company, such Person is not then the Beneficial Owner of 10% or more of the shares of Common Stock of the Company then outstanding (or, in the case of a Grandfathered Person, more than the Grandfathered
Percentage of the shares of Common Stock of the Company applicable to such Grandfathered Person, or, in the case of a Former 13G Filer, more than the 13G Percentage of the shares of Common Stock of the Company applicable to such Former 13G Filer);

  

					
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 (ii) if the Board of Directors of the Company determines in good faith that a Person who would otherwise
be an “Acquiring Person” has become such inadvertently (including, without limitation, because (A) such Person was unaware that he or it Beneficially Owned a percentage of Common Stock that would otherwise cause such Person to
be an “Acquiring Person”, including any Person who would otherwise become an “Acquiring Person” solely as a result of the pro rata distribution to such Person of shares of Common Stock made by Weyerhaeuser pursuant to
Section 3.01(c) of the Contribution and Distribution Agreement, or (B) such Person was aware of the extent of his or its Beneficial Ownership but had no actual knowledge of the consequences of such Beneficial Ownership under this
Agreement) and without any intention of changing or influencing control of the Company, and if such Person as promptly as practicable has divested or divests himself or itself of Beneficial Ownership of a sufficient number of shares of Common Stock
so that such Person would no longer be an “Acquiring Person,” then such Person shall not be deemed to be or to have become an “Acquiring Person” for any purposes of this Agreement; and 
 (iii) no Person shall become an “Acquiring Person” by virtue of beneficial ownership of Common Stock of the Company by any Affiliate and/or
Associate of such Person, which Affiliate and/or Associate is deemed to be an Affiliate and/or Associate of such Person solely by reason of such Affiliate and/or Associate being a director or officer of the Company. 
 (d) “Act” shall have the meaning set forth in Section 9(c). 
 (e) “Adjustment Shares” shall have the meaning set forth in Section 11(a)(ii). 
 (f)
“Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under the Exchange Act as in effect on the date of this Agreement. 
 (g) “Agreement” shall have the meaning set forth in the first paragraph hereof. 
 (h) A Person shall be deemed the “Beneficial Owner” of and shall be deemed to “beneficially own” any securities: 
 (i) which such Person or any of such Person’s Affiliates or Associates beneficially owns, directly or indirectly, for purposes of Section 13(d)
of the Exchange Act and Rule 13d-3 thereunder (or any successor law or regulation); 
 (ii) which such Person or any of such Person’s
Affiliates or Associates, directly or indirectly, has the right to acquire (whether such right is exercisable immediately or only after the passage of time) pursuant to any agreement, 

  

					
		 	3	 	

 
arrangement or understanding (whether or not in writing), or upon the exercise of conversion rights, exchange rights, rights, warrants or options, or
otherwise; provided, however, that a Person shall not be deemed the “Beneficial Owner” of, or to “beneficially own,” (A) securities tendered pursuant to a tender or exchange offer made by or on behalf of
such Person or any of such Person’s Affiliates or Associates until such tendered securities are accepted for payment or exchange, (B) securities issuable upon exercise of Rights at any time prior to the occurrence of a
Section 11(a)(ii) Event or a Section 13 Event, or (C) securities issuable upon exercise of Rights from and after the occurrence of a Section 11(a)(ii) Event or a Section 13 Event, which Rights were acquired by such
Person or any of such Person’s Affiliates or Associates prior to the Distribution Date or pursuant to Section 3(a) or Section 22 (the “Original Rights”) or pursuant to Section 11(i) in connection with an adjustment made
with respect to any Original Rights; 
 (iii) which such Person or any of such Person’s Affiliates or Associates, directly or
indirectly, has or shares the right to vote or dispose of, including pursuant to any agreement, arrangement or understanding (whether or not in writing); provided, however, that a Person shall not be deemed the “Beneficial
Owner” of, or to “beneficially own,” any security if the agreement, arrangement or understanding to vote such security (A) arises solely from a revocable proxy or consent given in response to a public proxy or consent
solicitation made pursuant to, and in accordance with, the Exchange Act and the applicable rules and regulations thereunder and (B) is not also then reportable by such Person on Schedule 13D or 13G under the Exchange Act (or any
comparable or successor report); or 
 (iv) which are beneficially owned, directly or indirectly, by any other Person and with respect to
which such Person or any of such Person’s Affiliates or Associates has any agreement, arrangement or understanding (whether or not in writing) for the purpose of acquiring, holding, voting (except pursuant to a revocable proxy or consent as
described in the proviso to subparagraph (ii) of this paragraph (f)) or disposing of such securities of the Company; 
 provided, however,
that nothing in this paragraph (f) shall cause a Person engaged in business as an underwriter of securities to be the “Beneficial Owner” of, or to “beneficially own,” any securities acquired through such Person’s
participation in good faith in a firm commitment underwriting until the expiration of 40 days after the date of such acquisition; provided, further, that no Person who is an officer, director or employee of an Exempt Person shall be
deemed, solely by reason of such Person’s status or authority as such, to be the “Beneficial Owner” of, or to “beneficially own,” any securities that are “beneficially owned” (as defined in this Section 1(h)),
including, without limitation, in a fiduciary capacity, by an Exempt Person or by any other such officer, director or employee of an Exempt Person. 
  

					
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 (i) “Book Entry” shall mean an uncertificated book entry for the Company’s Common Stock.

 (j) “Business Day” shall mean any day other than a Saturday, Sunday or day on which banking institutions in the [State of Rights
Agent] are authorized or obligated by law or executive order to close. 
 (k) “Canadian Exchangeable Share” shall mean a non-voting
exchangeable share in the capital of Newco Canada Exchangeco exchangeable at any time at the option of the holder for a share of Common Stock of the Company. 
 (l) “Certificate of Designation” shall mean the Certificate of Designation of Series A Participating Preferred Stock setting forth the powers, preferences, rights, qualifications, limitations and
restrictions of such series of preferred stock of the Company, a copy of which is attached hereto as Exhibit A. 
 (m) “Close of
Business” on any given date shall mean 5:00 P.M., [City], [State of Rights Agent] time, on such date; provided, however, that if such date is not a Business Day, it shall mean 5:00 P.M., [City], [State of Rights Agent] time, on
the next succeeding Business Day. 
 (n) “Common Stock” when used with reference to the Company shall mean the common stock, par
value $0.01 per share, of the Company and, for purposes of the definition of “Acquiring Person”, all outstanding Canadian Exchangeable Shares. “Common Stock” when used with reference to any Person other than the Company that is
organized in corporate form shall mean the capital stock with the greatest voting power, or the equity securities or other equity interest having power to control or direct the management, of such Person or, if such Person is a Subsidiary of another
Person, the Person that ultimately controls such first-mentioned Person and that has issued any such outstanding capital stock, equity securities or equity interests. “Common Stock” when used with reference to any Person that is not
organized in corporate form shall mean units of beneficial interest which (i) shall represent the right to participate generally in the profits and losses of such Person (including, without limitation, any flow-through tax benefits
resulting from an ownership interest in such Person) and which (ii) shall be entitled to exercise the greatest voting power of such Person or, in the case of a limited partnership, shall have the power to remove the general partner or
partners. 
 (o) “Common Stock Equivalents” shall have the meaning set forth in Section 11(a)(iii). 
 (p) “Company” shall have the meaning set forth in the first paragraph of this Agreement. 
  

					
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 (q) “Contribution and Distribution Agreement” shall mean the Contribution and Distribution
Agreement, dated as of August 22, 2006, among Weyerhaeuser Company, Weyerhaeuser ELI, LLC and Weyerhaeuser TIA, Inc. 
 (r)
“Current Market Price” shall have the meaning set forth in Section 11(d). 
 (s) “Current Value” shall have the
meaning set forth in Section 11(a)(iii). 
 (t) “Distribution Date” shall have the meaning set forth in Section 3(a).

 (u) “Effective Time” shall have the meaning set forth in the Transaction Agreement. 
 (v) “Equivalent Preference Stock” shall have the meaning set forth in Section 11(b). 
 (w) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 (x) “Exempt Person” shall mean the Company, any Subsidiary of the Company, any employee benefit plan of the Company or any Subsidiary of the
Company, or any Person organized, appointed or established by the Company or such Subsidiary as a fiduciary for or pursuant to the terms of any such employee benefit plan or for the purpose of funding any such plan or funding other employee benefits
for employees of the Company or of any Subsidiary of the Company. 
 (y) “Expiration Date” shall have the meaning set forth in
Section 7(a). 
 (z) “Final Expiration Date” shall have the meaning set forth in Section 7(a). 
 (aa) “Former 13G Filer” shall mean any Person who was but is no longer a 13G Filer. 
 (bb) “Grandfathered Percentage” shall mean the percentage of the outstanding shares of Common Stock of the Company that each Grandfathered
Person, together with all respective Affiliates and Associates of such Grandfathered Person, Beneficially Owns as of the Grandfathered Time, plus an additional 1%. Notwithstanding the foregoing, in the event any Grandfathered Person shall sell,
transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company or any outstanding Canadian Exchangeable Shares after the Grandfathered Time, the Grandfathered Percentage shall, subsequent to such sale, transfer or
disposition, mean, with respect to such Grandfathered Person, the lesser of (i) the Grandfathered Percentage as in effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding shares of
Common 

  

					
		 	6	 	

 
Stock of the Company that such Grandfathered Person, together with all Affiliates and Associates of such Grandfathered Person, Beneficially Owns immediately
following such sale, transfer or disposition plus an additional 1%. 
 (cc) “Grandfathered Person” shall mean (i) if
the Distribution (as defined in the Contribution and Distribution Agreement) is effected in whole as a pro rata dividend, Weyerhaeuser Company or any other Person who or which, together with all Affiliates and Associates of such Person, is or
becomes the Beneficial Owner of 10% or more of the shares of Common Stock of the Company then outstanding immediately following the Effective Time (as such term is defined in the Transaction Agreement); provided, that such Person shall cease
to be a Grandfathered Person at such time when such Person, together with its respective Affiliates and Associates, shall become the Beneficial Owner of less than 10% of the shares of Common Stock of the Company then outstanding and
(ii) in all cases, until the Grandfathered Time, Weyerhaeuser Company and its Affiliates and Associates. 
 (dd)
“Grandfathered Time” shall mean the time that is immediately following the Effective Time (as such term is defined in the Transaction Agreement). 
 (ee) “NASDAQ” shall have the meaning set forth in Section 11(d)(i). 
 (ff) “Original
Rights” shall have the meaning set forth in Section 1(h)(ii). 
 (gg) “Person” shall mean any individual, firm,
corporation, partnership, limited liability company, trust or other entity and shall include any successor (by merger or otherwise) of such entity. 
 (hh) “Preferred Stock” shall mean shares of Series A Junior Participating Preferred Stock, par value $0.01 per share, of the Company, having the rights, preferences and limitations set forth in the Certificate of Designation, and,
to the extent there are not a sufficient number of shares of Series A Junior Participating Preferred Stock authorized to permit the full exercise of the then outstanding Rights, shares of Equivalent Preference Stock or any other series of preferred
stock of the Company designated for such purpose by the Board of Directors of the Company containing terms substantially similar to the terms of such Series A Junior Participating Preferred Stock. 
 (ii) “Principal Party” shall have the meaning set forth in Section 13(b). 
 (jj) “Purchase Price” shall have the meaning set forth in Section 4. 
 (kk) “Redemption Price” shall have the meaning set forth in Section 23(a). 
  

					
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 (ll) “Right” shall have the meaning set forth in the WHEREAS clause at the beginning of this
Agreement. 
 (mm) “Right Certificate” shall have the meaning set forth in Section 3(a). 
 (nn) “Rights Agent” shall have the meaning set forth in the first paragraph of this Agreement. 
 (oo) “Section 11(a)(ii) Event” shall have the meaning set forth in Section 11(a)(ii). 
 (pp) “Section 13 Event” shall have the meaning set forth in Section 13(a). 
 (qq) “Spread” shall have the meaning set forth in Section 11(a)(iii). 
 (rr) “Stock Acquisition Time” shall mean the time of occurrence of whichever of the following first occurs: (i) the first public
announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such or
(ii) the communication to the Company (including, without limitation, to the directors of the Company) of any notice (including, without limitation, any written consent or notice related thereto) from the Acquiring Person indicating or
reflecting that the Acquiring Person has become such. 
 (ss) “Subsidiary” shall mean, with respect to any Person, any corporation
or other entity of which securities or other ownership interests having ordinary voting power sufficient, in the absence of contingencies, to elect a majority of the board of directors or other persons performing similar functions are at the time
beneficially owned, directly or indirectly, by such Person, or otherwise controlled by such Person. 
 (tt) “Substitution Period”
shall have the meaning set forth in Section 11(a)(iii). 
 (uu) “Trading Day” shall have the meaning set forth in
Section 11(d)(i). 
 (vv) “Transaction Agreement” shall mean the Transaction Agreement, dated as of August 22, 2006,
among the Company, Weyerhaeuser Company, Weyerhaeuser ELI, Inc., Weyerhaeuser Crosby, Inc., Weyerhaeuser Yukon, Inc. and Domtar Inc., as it may be amended or supplemented from time to time. 
 Section 2. Appointment of Rights Agent. The Company hereby appoints the Rights Agent to act as agent for the Company and the holders of the
Rights (who, in accordance with Section 3, shall, prior to the Distribution Date, also be the holders of the Common Stock of the Company) in accordance with the terms and conditions hereof, and 

  

					
		 	8	 	

 
the Rights Agent hereby accepts such appointment. The Company may from time to time act as co-Rights Agent or appoint such co-Rights Agents as it may deem
necessary or desirable, upon 10 days’ prior written notice to the Rights Agent. The Rights Agent shall have no duty to supervise, and shall in no event be liable for, the acts or omissions of any such co-Rights Agent. Any actions which may be
taken by the Rights Agent pursuant to the terms of this Agreement may be taken by any such co-Rights Agent. 
 Section 3. Issue of
Right Certificates. 
 (a) Until the earlier of the Close of Business on (i) the tenth day after the date on which the Stock
Acquisition Time occurs, or (ii) the tenth Business Day (or such specified or unspecified later date on or after the Effective Time may be determined by action of the Board of Directors of the Company prior to such time as any Person
becomes an Acquiring Person) after the commencement by any Person (other than an Exempt Person) of, or the first public announcement of the intention of any Person (other than an Exempt Person) to commence, a tender or exchange offer for an amount
of Common Stock of the Company which would result in any Person (other than an Exempt Person, a Grandfathered Person or a Former 13G Filer) becoming the Beneficial Owner of 10% or more of the then outstanding Common Stock of the Company, a
Grandfathered Person becoming the Beneficial Owner of more than the Grandfathered Percentage of the shares of Common Stock of the Company applicable to such Grandfathered Person or a Former 13G Filer becoming the Beneficial Owner of more than the
13G Percentage of the shares of Common Stock of the Company applicable to such Former 13G Filer (including any such date which is after the date of this Agreement and prior to the issuance of the Rights) (the earlier of (i) and (ii) being
herein referred to as the “Distribution Date”), (x) the Rights will be evidenced (subject to the provisions of paragraph (b) of this Section 3), by the certificates, or Book Entries, for shares of Common Stock of the
Company registered in the names of the holders of Common Stock of the Company (which certificates or Book Entries shall be deemed also to be certificates for Rights) and not by separate Right Certificates, and (y) the Rights will be
transferable only in connection with the transfer of the underlying Common Stock. As soon as practicable after the Distribution Date, the Rights Agent will send, by first-class, insured, postage-prepaid mail, to each record holder of Common Stock of
the Company as of the Close of Business on the Distribution Date, at the address of such holder shown on the records of the Company, a Right Certificate, in substantially the form of Exhibit B hereto (a “Right Certificate”), evidencing one
Right for each share of Common Stock of the Company so held, subject to adjustment and to the provisions of Section 14(a). As of the Close of Business on the Distribution Date, the Rights will be evidenced solely by such Right Certificates.

 (b) [Intentionally omitted.] 
  

					
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 (c) Certificates issued by the Company for Common Stock (whether upon transfer of outstanding Common
Stock, original issuance or disposition from the Company’s treasury) after the date of this Agreement but prior to the earlier of the Distribution Date or the Expiration Date shall also be deemed to be certificates for the Rights and shall have
impressed on, printed on, written on or otherwise affixed to them the following legend: 
 This certificate also evidences and entitles the
holder hereof to certain rights as set forth in a Rights Agreement between Domtar Corporation (the “Company”) and Computershare Trust Company, N.A., dated as of
[                    ], and as it may be amended from time to time (the “Rights Agreement”), the terms of which are hereby
incorporated herein by reference and a copy of which is on file at the principal executive offices of the Company. Under certain circumstances, as set forth in the Rights Agreement, such Rights (as defined in the Rights Agreement) will be evidenced
by separate certificates and will no longer be evidenced by this certificate. The Company will mail to the holder of this certificate a copy of the Rights Agreement (as in effect on the date of mailing) without charge promptly after receipt of a
written request therefor. Under certain circumstances set forth in the Rights Agreement, Rights beneficially owned by an Acquiring Person, or any Associate or Affiliate thereof (as such terms are defined in the Rights Agreement), whether
currently held by or on behalf of such Person or by any subsequent holder, may become null and void.  
 With respect to such certificates containing the
foregoing legend, until the earlier of the Distribution Date or the Expiration Date, the Rights associated with the Common Stock of the Company represented by such certificates shall be evidenced by such certificates alone and registered holders of
Common Stock of the Company shall also be the registered holders of the associated Rights, and the surrender for transfer of any of such certificates shall also constitute the transfer of the Rights associated with the Common Stock of the Company
represented by such certificates. 
 Notwithstanding this paragraph (c), the omission of a legend shall not affect the enforceability of any
part of this Agreement or the rights of any holder of the Rights. 
 Section 4. Form of Right Certificates. The Right
Certificates (and the forms of election to purchase and of assignment to be printed on the reverse thereof) shall each be substantially in the form set forth in Exhibit B hereto and may have such marks of 

  

					
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identification or designation and such legends, summaries or endorsements printed thereon as the Company may deem appropriate and as are not inconsistent
with the provisions of this Agreement, or as may be required to comply with any applicable law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange or national market system on which the Rights
may from time to time be listed, or to conform to usage. Subject to the provisions of Section 22, the Right Certificates, whenever distributed, shall entitle the holders thereof to purchase such number of one one-thousandths of a share of
Preferred Stock as shall be set forth therein at the price per one one-thousandth of a share of Preferred Stock set forth therein (the “Purchase Price”), but the amount and type of securities purchasable upon the exercise of each Right and
the Purchase Price thereof shall be subject to adjustment as provided in this Agreement. 
 Section 5. Countersignature and
Registration. 
 (a) The Right Certificates shall be executed on behalf of the Company, manually or by facsimile, by the Chairman of the
Board, the Chief Executive Officer, the President or the Chief Financial Officer and also by the Secretary or any Assistant Secretary of the Company. The Right Certificates shall be countersigned by the Rights Agent manually and shall not be valid
for any purpose unless so countersigned. In case any officer of the Company who shall have signed any of the Right Certificates shall cease to be such officer of the Company before countersignature by the Rights Agent and issuance and delivery by
the Company, such Right Certificates, nevertheless, may be countersigned by the Rights Agent, and issued and delivered by the Company with the same force and effect as though the person who signed such Right Certificates had not ceased to be such
officer of the Company; and any Right Certificate may be signed on behalf of the Company by any person who, at the actual date of the execution of such Right Certificate, shall be a proper officer of the Company to sign such Right Certificate,
although at the date of the execution of this Rights Agreement any such person was not such an officer. 
 (b) Following the Distribution
Date, the Rights Agent will keep or cause to be kept, at its office designated for such purpose, books in any form or medium (including electronic media) for registration and transfer of the Right Certificates issued hereunder. Such books shall show
the names and addresses of the respective holders of the Right Certificates, the number of Rights evidenced by each of the Right Certificates on its face and the date and certificate number of each of the Right Certificates. 
  

					
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 Section 6. Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated,
Destroyed, Lost or Stolen Right Certificates. 
 (a) Subject to the provisions of Sections 7(e) and 14, at any time after the Close of
Business on the Distribution Date, and at or prior to the Close of Business on the Expiration Date, any Right Certificate or Right Certificates may be transferred, split up, combined or exchanged for another Right Certificate or Right Certificates,
entitling the registered holder to purchase a like number of shares of Preferred Stock (or other securities, cash or assets, as the case may be) as the Right Certificate or Right Certificates surrendered then entitled such holder (or former holder
in the case of a transfer) to purchase. Any registered holder desiring to transfer, split up, combine or exchange any Right Certificate or Right Certificates shall make such request in writing delivered to the Rights Agent, and shall surrender the
Right Certificate or Right Certificates to be transferred, split up, combined or exchanged at the office of the Rights Agent designated for such purpose. Neither the Rights Agent nor the Company shall be obligated to take any action whatsoever with
respect to the transfer of any such surrendered Right Certificate or Right Certificates until the registered holder shall have completed and signed the certificate contained in the form of assignment on the reverse side of such Right Certificate or
Right Certificates and shall have provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as the Company shall reasonably request. Thereupon the Rights Agent shall,
subject to Sections 7(e) and 14, countersign and deliver to the Person entitled thereto a Right Certificate or Right Certificates, as the case may be, as so requested. The Company may require payment from the holders of Right Certificates of a sum
sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer, split up, combination or exchange of such Right Certificates. 
 (b) Upon receipt by the Company and the Rights Agent of evidence reasonably satisfactory to them of the loss, theft, destruction or mutilation of a valid Right Certificate, and, in case of loss, theft or destruction,
of indemnity or security reasonably satisfactory to them, and reimbursement to the Company and the Rights Agent of all reasonable expenses incidental thereto, and upon surrender to the Rights Agent and cancellation of the Right Certificate if
mutilated, the Company will execute and deliver a new Right Certificate of like tenor to the Rights Agent for countersignature and delivery to the registered owner in lieu of the Right Certificate so lost, stolen, destroyed or mutilated. 

Section 7. Exercise of Rights; Purchase Price; Expiration Date of Rights. 
 (a) Subject to Section 7(e), the registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided
herein including, without limitation, the restrictions on exercisability set forth in Sections 9(c), 11(a)(iii) and 23(a)) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election
to purchase and certificate on the reverse side thereof duly executed, to the Rights Agent at the office of the Rights Agent 

  

					
		 	12	 	

 
designated for such purpose, together with payment of the Purchase Price for each one one-hundredth of a share of Preferred Stock as to which the Rights are
exercised, at or prior to the earliest of (i) the Close of Business on the second anniversary of the Effective Time (the “Final Expiration Date”), (ii) the time at which the Rights are redeemed as provided in
Section 23 or (iii) the time at which the Rights are exchanged as provided in Section 24 (the earliest of (i), (ii) and (iii) being herein referred to as the “Expiration Date”). 
 (b) The Purchase Price for each one one-thousandth of a share of Preferred Stock issued pursuant to the exercise of a Right shall initially be
$[            ], shall be subject to adjustment from time to time as provided in Sections 11 and 13 and shall be payable in lawful money of the United States of America in accordance
with paragraph (c) below. 
 (c) Except as otherwise provided herein, upon receipt of a Right Certificate representing exercisable
Rights, with the form of election to purchase and certificate duly executed, accompanied by payment (in cash, or by certified bank check or money order payable to the order of the Company) of the Purchase Price for the Preferred Stock (or other
shares, securities, cash or other assets, as the case may be) to be purchased and an amount equal to any applicable transfer tax required to be paid by the holder of the Rights pursuant hereto in cash, or by certified bank check or money order
payable to the order of the Company, the Rights Agent shall, subject to Section 20(k), (i) (A) promptly requisition from any transfer agent of the Preferred Stock (or make available, if the Rights Agent is the transfer
agent for such shares) certificates for the number of shares of Preferred Stock to be purchased (and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests), or (B) if the Company shall have elected
to deposit the total number of shares of Preferred Stock issuable upon exercise of the Rights hereunder with a depositary agent, requisition from the depositary agent depositary receipts representing interests in such number of one one-thousandths
of a share of Preferred Stock as are to be purchased (in which case certificates for the shares of Preferred Stock represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs the
depositary agent to comply with such request, (ii) when appropriate, requisition from the Company the amount of cash to be paid in lieu of issuance of fractional shares in accordance with Section 14, (iii) promptly after
receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder, and
(iv) when appropriate, after receipt, promptly deliver such cash in lieu of fractional shares to or upon the order of the registered holder of such Right Certificate. 
 (d) In case the registered holder of any Right Certificate shall exercise less than all the Rights evidenced thereby, a new Right Certificate evidencing
Rights equivalent to the Rights remaining unexercised shall be issued by the Rights Agent and delivered to, or upon the order of, the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder,
subject to the provisions of Section 14. 
  

					
		 	13	 	

 (e) Notwithstanding anything in this Agreement to the contrary, from and after the first occurrence of a
Section 11(a)(ii) Event, any Rights beneficially owned by (i) an Acquiring Person or any Affiliate or Associate of an Acquiring Person, (ii) a transferee of any such Acquiring Person (or of any such Affiliate or
Associate) who becomes a transferee after such Acquiring Person becomes such or (iii) a transferee of any such Acquiring Person (or of any such Affiliate or Associate) who becomes a transferee prior to or concurrently with such Acquiring
Person becoming such and receives such Rights pursuant to either (A) a transfer (whether or not for consideration) from such Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom such
Acquiring Person has any continuing agreement, arrangement or understanding regarding the transferred Rights or (B) a transfer which the Board of Directors of the Company has determined is part of a plan, arrangement or understanding
which has as a primary purpose or effect the avoidance of this Section 7(e), shall become null and void without any further action, and no holder of such Rights shall have any rights whatsoever with respect to such Rights, whether under any
provision of this Agreement or otherwise. The Company shall use all reasonable efforts to ensure that the provisions of this Section 7(e) are complied with, but shall have no liability to any holder of Right Certificates or other Person as a
result of its failure to make any determinations with respect to an Acquiring Person or any of its Affiliates, Associates or transferees hereunder. 
 (f) Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor the Company shall be obligated to undertake any action with respect to a registered holder of any Right Certificate upon the occurrence of any
purported transfer or exercise as set forth in this Section 7 unless such registered holder shall have (i) completed and signed the certificate following the form of assignment or election to purchase set forth on the reverse side
of the Right Certificate surrendered for such assignment or exercise and (ii) provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as the Company shall
reasonably request. 
 Section 8. Cancellation and Destruction of Right Certificates. All Right Certificates surrendered for the
purpose of exercise, transfer, split up, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Rights Agent for cancellation or in canceled form, or, if surrendered to the Rights Agent, shall be
canceled by it, and no Right Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent
shall so cancel and retire, any other Right Certificate purchased or acquired by the Company 

  

					
		 	14	 	

 
otherwise than upon the exercise thereof. The Rights Agent shall deliver all canceled Right Certificates to the Company, or shall, at the written request of
the Company, destroy such canceled Right Certificates and in such case shall deliver a certificate of destruction thereof to the Company. 
 Section 9. Reservation and Availability of Capital Stock. 
 (a) The Company covenants and agrees that it will cause to
be reserved and kept available out of its authorized and unissued shares of Preferred Stock (and, following the occurrence of a Section 11(a)(ii) Event or a Section 13 Event, Common Stock of the Company or other securities) or out of its
authorized and issued shares of Preferred Stock held in its treasury, the number of shares of Preferred Stock (and, following the occurrence of a Section 11(a)(ii) Event or a Section 13 Event, Common Stock of the Company or other
securities) that, as provided in this Agreement, will be sufficient to permit the exercise in full of all outstanding Rights. 
 (b) So long
as the Preferred Stock issuable upon the exercise of Rights may be listed on any national securities exchange, the Company shall use its best efforts to cause, from and after such time as the Rights become exercisable, all shares reserved for such
issuance to be listed on such exchange upon official notice of issuance upon such exercise. 
 (c) The Company shall use its best efforts to
(i) file, as soon as practicable following the earliest date after the first occurrence of a Section 11(a)(ii) Event or a Section 13 Event in which the consideration to be delivered by the Company upon exercise of the Rights
has been determined in accordance with this Agreement, or as soon as is required by law following the Distribution Date, as the case may be, a registration statement under the Securities Act of 1933, as amended (the “Act”), with respect to
the securities purchasable upon exercise of the Rights on an appropriate form, (ii) cause such registration statement to become effective as soon as practicable after such filing and (iii) cause such registration statement to
remain effective (with a prospectus at all times meeting the requirements of the Act) until the earlier of (A) the date as of which the Rights are no longer exercisable for such securities and (B) the Expiration Date. The
Company will also take such action as may be appropriate under, or to ensure compliance with, the securities or “blue sky” laws of the various states in connection with the exercisability of the Rights. The Company may, acting by
resolution of its Board of Directors, temporarily suspend, for a period of time not to exceed ninety (90) days after the date set forth in clause (i) of the first sentence of this Section 9(c), the exercisability of the Rights in
order to prepare and file such registration statement and permit it to become effective. Upon any such suspension, the Company shall issue a public announcement stating that the exercisability of the Rights has been temporarily suspended, as well as
a public announcement at such time as the suspension is no longer 

  

					
		 	15	 	

 
in effect. Notwithstanding any provision of this Agreement to the contrary, the Rights shall not be exercisable in any jurisdiction if the requisite
qualifications in such jurisdiction shall not have been obtained. 
 (d) The Company covenants and agrees that it will take all such action
as may be necessary to ensure that all shares of Preferred Stock (and, following the occurrence of a Section 11(a)(ii) Event or a Section 13 Event, Common Stock of the Company or other securities) delivered upon exercise of Rights shall,
at the time of delivery of the certificates for such shares (subject to payment of the Purchase Price), be duly and validly authorized and issued and fully paid and nonassessable. 
 (e) The Company further covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes and charges which may be
payable in respect of the issuance or delivery of the Right Certificates or of any shares of Preferred Stock (or shares of Common Stock of the Company or other securities, as the case may be) upon the exercise of Rights. The Company shall not,
however, be required to pay any transfer tax which may be payable in respect of any transfer or delivery of Right Certificates to a Person other than, or the issuance or delivery of certificates or depositary receipts for shares of Preferred Stock
(or shares of Common Stock of the Company or other securities, as the case may be) in a name other than that of, the registered holder of the Right Certificate evidencing Rights surrendered for exercise or to issue or deliver any certificates for
shares of Preferred Stock (or Common Stock of the Company or other securities, as the case may be) or depositary receipts for Preferred Stock upon the exercise of any Rights until any such tax shall have been paid (any such tax being payable by the
holder of such Right Certificate at the time of surrender) or until it has been established to the Company’s satisfaction that no such tax is due. 
 Section 10. Preferred Stock Record Date. Each Person in whose name any certificate for a number of one one-thousandths of a share of Preferred Stock (or shares of Common Stock of the Company or other
securities, as the case may be) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of shares of Preferred Stock (or shares of Common Stock of the Company or other securities, as the case may
be) represented thereby on, and such certificate shall be dated, the date upon which the Right Certificate evidencing such Rights was duly surrendered and payment of the Purchase Price (and any applicable transfer taxes) was made; provided,
however, that if the date of such surrender and payment is a date upon which the Company’s transfer books for the Preferred Stock (or Common Stock or other securities, as the case may be) are closed, such Person shall be deemed to have
become the record holder of such shares (fractional and otherwise) on, and such certificate shall be dated, the next succeeding Business Day on which the Company’s transfer books for the Preferred Stock (or Common Stock or other securities, as
the case may be) are open. Prior to the exercise of the Rights evidenced thereby, the holder of a Right Certificate 

  

					
		 	16	 	

 
shall not be entitled to any rights of a stockholder of the Company with respect to shares for which the Rights shall be exercisable, including, without
limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein. 
 Section 11. Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights. The Purchase Price, the number and kind of shares,
or fractions thereof, covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. 
 (a)(i) In the event the Company shall at any time after the date of this Agreement (A) declare or pay a dividend on the Preferred Stock payable in shares of Preferred Stock, (B) subdivide the
outstanding Preferred Stock into a greater number of shares, (C) combine or consolidate the outstanding Preferred Stock into a smaller number of shares or (D) issue any shares of its capital stock in a reclassification of the
Preferred Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in Section 7(e) and this Section 11(a), the
Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of Preferred Stock or capital stock, as the case may be,
issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive, upon payment of the Purchase Price then in effect, the aggregate number and kind of shares of Preferred
Stock or capital stock, as the case may be, which, if such Right had been exercised immediately prior to such date and at a time when the Preferred Stock or capital stock, as the case may be, transfer books of the Company were open, such holder
would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification. If an event occurs which would require an adjustment under both Section 11(a)(i) and
Section 11(a)(ii), the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to, any adjustment required pursuant to Section 11(a)(ii). 
 (ii) Subject to Section 24, in the event (a “Section 11(a)(ii) Event”) that any Person becomes an Acquiring Person, then each holder of a
Right, except as provided below and in Section 7(e), shall thereafter have the right to receive, upon exercise thereof at the then current Purchase Price in accordance with the terms of this Agreement, in lieu of a number of one one-thousandths
of a share of Preferred Stock, such number of shares of Common Stock of the Company as shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of one one-thousandths of a share of Preferred Stock
for which a Right was exercisable immediately prior to the first occurrence of such Section 11(a)(ii) Event, whether or not such Right 

  

					
		 	17	 	

 
was then exercisable, and (y) dividing that product (which, following such first occurrence, shall thereafter be adjusted as appropriate in
accordance with Section 11(f) and, as so adjusted, shall be referred to as the “Purchase Price” for each Right and for all purposes of this Agreement) by 50% of the Current Market Price per share of the Common Stock of the Company on
the date of such first occurrence (such number of shares being hereinafter referred to as the “Adjustment Shares”). 
 (iii) In
lieu of issuing shares of Common Stock of the Company in accordance with Section 11(a)(ii), the Company, acting by resolution of its Board of Directors, may, and, in the event that the number of shares of Common Stock which are authorized by
the Company’s Certificate of Incorporation but not outstanding or reserved for issuance for purposes other than upon exercise of the Rights are not sufficient to permit exercise in full of the Rights in accordance with Section 11(a)(ii),
the Company, acting by resolution of its Board of Directors, shall (A) determine the excess of (1) the value of the Adjustment Shares issuable upon the exercise of a Right (the “Current Value”), over
(2) the Purchase Price attributable to each Right (such excess, the “Spread”) and (B) with respect to each Right (subject to Section 7(e)), make adequate provision to substitute for all or any part of the
Adjustment Shares, upon payment of the applicable Purchase Price, (1) cash, (2) a reduction in the Purchase Price, (3) Preferred Stock or other equity securities of the Company (including, without limitation,
shares, or units of shares, of preferred stock which the Board of Directors of the Company has deemed to have the same value as shares of Common Stock of the Company (such Preferred Stock or shares or units of preferred stock hereinafter called
“Common Stock Equivalents”)), (4) debt securities of the Company, (5) other assets or (6) any combination of the foregoing, which, when combined with the Adjustment Shares (if any) to be issued, has an
aggregate value equal to the Current Value, where such aggregate value has been determined by action of the Board of Directors of the Company based upon the advice of a nationally recognized investment banking firm selected by the Board of Directors
of the Company; provided, however, if the Company shall not have made adequate provision to deliver value pursuant to clause (B) above within thirty (30) days following the first occurrence of a Section 11(a)(ii) Event,
then the Company shall be obligated to deliver, upon the surrender for exercise of a Right and without requiring payment of the Purchase Price, shares of Common Stock of the Company (to the extent available) and then, if necessary, cash, which
shares or cash have an aggregate value equal to the Spread. If, after the occurrence of a Section 11(a)(ii) Event, the number of shares of Common Stock that are authorized by the Company’s certificate of incorporation but not outstanding
or reserved for issuance for purposes other than upon exercise of the Rights are not sufficient to permit exercise in full of the Rights in accordance with Section 11(a)(ii) and the Company, acting by resolution of its Board of Directors, shall
determine in good faith that it is likely that sufficient additional shares of its Common Stock could be authorized for issuance upon exercise in full of the Rights, 

  

					
		 	18	 	

 
the thirty (30) day period set forth above may be extended to the extent necessary, but not more than ninety (90) days after the occurrence of such
Section 11(a)(ii) Event, in order that the Company may seek stockholder approval for the authorization of such additional shares (such period as it may be extended, the “Substitution Period”). To the extent that the Company determines
that some action is to be taken pursuant to the terms of this Section 11(a)(iii), the Company (x) shall provide, subject to Section 7(e), that such action shall apply uniformly to all outstanding Rights and (y) may
suspend the exercisability of the Rights until the expiration of the Substitution Period in order to seek such stockholder approval for the authorization of additional shares or to decide the appropriate form of distribution to be made pursuant to
the first sentence of this Section 11(a)(iii) and to determine the value thereof. In the event of any such suspension, the Company shall issue a public announcement stating that the exercisability of the Rights has been temporarily suspended,
as well as a public announcement at such time as the suspension is no longer in effect. For purposes of this Section 11(a)(iii), the value of the Common Stock of the Company shall be the Current Market Price per share of the Common Stock of the
Company on the date of the first occurrence of the Section 11(a)(ii) Event, and the per share or per unit value of any Common Stock Equivalents shall be deemed to equal the Current Market Price per share of the Common Stock of the Company on
such date. 
 (b) In the event that the Company shall fix a record date for the issuance of rights, options or warrants to all holders of
shares of Preferred Stock entitling them (for a period expiring within 45 calendar days after such record date) to subscribe for or purchase Preferred Stock (or shares having the same rights, privileges and preferences as the shares of Preferred
Stock (“Equivalent Preference Stock”)) or securities convertible into shares of Preferred Stock or Equivalent Preference Stock at a price per share of Preferred Stock or Equivalent Preference Stock (or having a conversion price per share,
if a security convertible into shares of Preferred Stock or Equivalent Preference Stock) less than the Current Market Price per share of the Preferred Stock (as determined pursuant to Section 11(d)) on such record date, the Purchase Price to be in
effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the number of shares of Preferred Stock outstanding on such record
date plus the number of additional shares of Preferred Stock and/or Equivalent Preference Stock which the aggregate offering price of the total number of shares so to be offered (and/or the aggregate initial conversion price of the convertible
securities so to be offered) would purchase at such Current Market Price, and the denominator of which shall be the number of shares of Preferred Stock outstanding on such record date plus the number of additional shares of Preferred Stock or
Equivalent Preference Stock to be offered for subscription or purchase (or into which the convertible securities so to be offered are initially convertible); provided, however, that in no event shall the consideration to be paid upon
exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon 

  

					
		 	19	 	

 
exercise of one Right. In case such subscription price may be paid in a consideration part or all of which shall be in a form other than cash, the value of
such consideration shall be as determined in good faith by the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent and shall be binding on the Rights Agent and the holders of the
Rights. Such adjustment shall be made successively whenever such a record date is fixed; and in the event that such rights, options or warrants are not so issued, the Purchase Price shall be adjusted to be the Purchase Price which would then be in
effect if such record date had not been fixed. 
 (c) In case the Company shall fix a record date for the making of a distribution to all
holders of Preferred Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing or surviving corporation) of evidences of indebtedness or assets (other than a regular periodic cash
dividend or a dividend payable in Preferred Stock, but including any dividend payable in stock other than Preferred Stock) or subscription rights or warrants (excluding those referred to in Section 11(b)), the Purchase Price to be in effect
after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the Current Market Price per share of Preferred Stock on such record date,
less the fair market value (as determined in good faith by the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent and shall be binding on the Rights Agent and the holders of the
Rights) of the portion of the assets or evidences of indebtedness so to be distributed or of such subscription rights or warrants applicable to one share of Preferred Stock, and the denominator of which shall be such Current Market Price per share
of Preferred Stock; provided, however, that in no event shall the consideration to be paid upon exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon exercise of one
Right. Such adjustments shall be made successively whenever such a record date is fixed, and in the event that such distribution is not so made, the Purchase Price shall again be adjusted to be the Purchase Price which would then be in effect if
such record date had not been fixed. 
 (d)(i) For the purpose of any computation hereunder, the “Current Market Price” per share
of Common Stock of the Company on any date shall be deemed to be the average of the daily closing prices per share of such Common Stock of the Company for the thirty (30) consecutive Trading Days immediately prior to such date; provided,
however, that in the event that the Current Market Price per share of Common Stock of the Company is determined during a period following the announcement by the issuer of such Common Stock of (A) a dividend or distribution on
such Common Stock payable in shares of such Common Stock or securities convertible into such Common Stock (other than the Rights) or (B) any subdivision, combination or reclassification of such Common Stock, and prior to the expiration
of the thirty (30) Trading Days after the ex-dividend 

  

					
		 	20	 	

 
date for such dividend or distribution, or the record date for such subdivision, combination or reclassification, as the case may be, then, and in each such
case, the Current Market Price shall be appropriately adjusted to take into account the ex-dividend trading. The closing price for each day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of
the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the New York Stock Exchange or, if the shares of Common
Stock of the Company are not listed or admitted to trading on the New York Stock Exchange, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on
which the shares of Common Stock of the Company are listed or admitted to trading or, if the shares of Common Stock of the Company are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted,
the average of the high bid and low asked prices in the over-the-counter market, as reported by the National Association of Securities Dealers Automated Quotation System (“NASDAQ”) or such other system then in use, or, if on any such date
the shares of Common Stock of the Company are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in shares of Common Stock of the Company selected by the
Company, acting by resolution of the Board of Directors of the Company, or, if on any such date no market maker is making a market in shares of Common Stock of the Company, the fair value of such shares on such date as determined in good faith by
the Company, acting by resolution of the Board of Directors of the Company (which determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes). The term “Trading Day” shall mean a
day on which the principal national securities exchange on which the shares of Common Stock of the Company are listed or admitted to trading is open for the transaction of business or, if the shares of Common Stock of the Company are not listed or
admitted to trading on any national securities exchange, a Business Day. 
 (ii) For the purpose of any computation hereunder, the
“Current Market Price” per share of Preferred Stock shall be determined in the same manner as set forth for the Common Stock of the Company in Section 11(d)(i). If the Preferred Stock is not publicly traded, the Current Market Price
per share of Preferred Stock shall be conclusively deemed to be an amount equal to 1000 (as such number may be appropriately adjusted for such events as stock splits, stock dividends and recapitalizations with respect to the Common Stock of the
Company occurring after the date of this Agreement) multiplied by the Current Market Price per share of the Common Stock of the Company. If neither the Common Stock of the Company nor the Preferred Stock is publicly traded, the Current Market Price
per share of Preferred Stock shall mean the fair value per share as determined in good faith by the Company, acting by resolution of its Board of Directors, whose determination shall be described in a statement filed with Rights Agent and shall be
conclusive for all purposes. 
  

					
		 	21	 	

 (e) No adjustment in the Purchase Price shall be required unless such adjustment would require an
increase or decrease of at least 1% in such price; provided, however, that any adjustments which by reason of this Section 11(e) are not required to be made shall be carried forward and taken into account in any subsequent
adjustment. All calculations under this Section 11 shall be made to the nearest cent or to the nearest ten-thousandth of a share of Common Stock or other share or the nearest one-millionth of a share of Preferred Stock, as the case may be.
Notwithstanding the first sentence of this Section 11(e), any adjustment required by this Section 11 shall be made no later than the earlier of (i) three years from the date of the transaction which mandates such adjustment or
(ii) the Expiration Date. 
 (f) If as a result of an adjustment made pursuant to Section 11(a) or Section 13(a), the
holder of any Right thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than Preferred Stock, thereafter the Purchase Price and the number of such other shares so receivable upon exercise of any
Right shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Preferred Stock contained in Sections 11(a), (b), (c), (e), (h), (i) and
(m) inclusive, and the provisions of Sections 7, 9, 10, 13 and 14 with respect to the Preferred Stock shall apply on like terms to any such other shares. 
 (g) All Rights originally issued by the Company subsequent to any adjustment made to the Purchase Price hereunder shall evidence the right to purchase, at the adjusted Purchase Price, the number of one one-thousandths
of a share of Preferred Stock purchasable from time to time hereunder upon exercise of the Rights, all subject to further adjustment as provided herein. 
 (h) Unless the Company shall have exercised its election as provided in Section 11(i), upon each adjustment of the Purchase Price as a result of the calculations made in Section 11(b) and (c), each Right
outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a share of Preferred Stock (calculated to the nearest one-millionth
of a share of Preferred Stock) obtained by (i) multiplying (A) the number of one one-thousandths of a share covered by a Right immediately prior to such adjustment of the Purchase Price by (B) the Purchase Price
in effect immediately prior to such adjustment of the Purchase Price and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price. 
  

					
		 	22	 	

 (i) The Company may elect, on or after the date of any adjustment of the Purchase Price, to adjust the
number of Rights in substitution for any adjustment in the number of one one-thousandths of a share of Preferred Stock purchasable upon the exercise of a Right. Each of the Rights outstanding after such adjustment of the number of Rights shall be
exercisable for the number of one one-thousandths of a share of Preferred Stock for which a Right was exercisable immediately prior to such adjustment. Each Right held of record prior to such adjustment of the number of Rights shall become that
number of Rights (calculated to the nearest ten-thousandth) obtained by dividing the Purchase Price in effect immediately prior to adjustment of the Purchase Price by the Purchase Price in effect immediately after adjustment of the Purchase Price.
The Company shall make a public announcement of its election to adjust the number of Rights, indicating the record date for the adjustment, and, if known at the time, the amount of the adjustment to be made. This record date may be the date on which
the Purchase Price is adjusted or any day thereafter, but, if the Right Certificates have been issued, shall be at least 10 days later than the date of the public announcement. If Right Certificates have been issued, upon each adjustment of the
number of Rights pursuant to this Section 11(i), the Company shall, as promptly as practicable, cause to be distributed to holders of record of Right Certificates on such record date Right Certificates evidencing, subject to Section 14,
the additional Rights to which such holders shall be entitled as a result of such adjustment, or, at the option of the Company, shall cause to be distributed to such holders of record in substitution and replacement for the Right Certificates held
by such holders prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Right Certificates evidencing all the Rights to which such holders shall be entitled after such adjustment. Right Certificates so to be
distributed shall be issued, executed and countersigned in the manner provided for herein and shall be registered in the names of the holders of record of Right Certificates on the record date specified in the public announcement. 
 (j) Irrespective of any adjustment or change in the Purchase Price or the number of shares of Preferred Stock, or fraction thereof, issuable upon the
exercise of the Rights, the Right Certificates theretofore and thereafter issued may continue to express the Purchase Price per one one-thousandth of a share and the number of shares which were expressed in the initial Right Certificates issued
hereunder. 
 (k) Before taking any action that would cause an adjustment reducing the Purchase Price below the then par value, if any, of a
share of Preferred Stock issuable upon exercise of the Rights, the Company shall take any corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable
shares of Preferred Stock at such adjusted Purchase Price. 
  

					
		 	23	 	

 (l) In any case in which this Section 11 shall require that an adjustment in the Purchase Price be
made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event the issuing to the holder of any Right exercised after such record date the Preferred Stock and other capital stock or
securities of the Company, if any, issuable upon such exercise over and above the Preferred Stock and other capital stock or securities of the Company, if any, issuable upon such exercise on the basis of the Purchase Price in effect prior to such
adjustment; provided, however, that the Company shall deliver to such holder a due bill or other appropriate instrument evidencing such holder’s right to receive such additional shares or securities upon the occurrence of the
event requiring such adjustment. 
 (m) Anything in this Section 11 to the contrary notwithstanding, the Company shall be entitled to
make such reductions in the Purchase Price, in addition to those adjustments expressly required by this Section 11, as and to the extent that it in its sole discretion shall determine to be advisable in order that any consolidation or
subdivision of the Preferred Stock, issuance wholly for cash of any Preferred Stock at less than the Current Market Price, issuance wholly for cash of Preferred Stock or securities which by their terms are convertible into or exchangeable for
Preferred Stock, dividends on Preferred Stock payable in Preferred Stock or issuance of rights, options or warrants referred to hereinabove in this Section 11, hereafter made by the Company to holders of its Preferred Stock shall not be taxable
to such stockholders. 
 (n) The Company covenants and agrees that it shall not, at any time after the Distribution Date,
(i) consolidate with any other Person , (ii) merge with or into any other Person or (iii) sell or transfer (or permit any Subsidiary to sell or transfer), in one transaction or a series of related transactions, assets,
cash flow or earning power aggregating more than 50% of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole) to any other Person or Persons if (x) at the time of or immediately after such
consolidation, merger or sale there are any rights, warrants or other instruments or securities outstanding or agreements in effect which would substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights or
(y) prior to, simultaneously with or immediately after such consolidation, merger or sale, the stockholders of the Person who constitutes, or would constitute, the “Principal Party” for purposes of Section 13(a) shall have
received a distribution of Rights previously owned by such Person or any of its Affiliates and Associates. 
 (o) The Company covenants and
agrees that, after the Distribution Date, it will not, except as permitted by Sections 23, 24 or 27, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will diminish
substantially or eliminate the benefits intended to be afforded by the Rights. 
  

					
		 	24	 	

 (p) In the event the Company shall at any time after the date of this Agreement and prior to the
Distribution Date (i) declare or pay any dividend on its Common Stock payable in Common Stock of the Company or (ii) subdivide its outstanding Common Stock into a greater number of shares (by reclassification or otherwise
than by payment of dividends in Common Stock) or (iii) combine or consolidate its outstanding Common Stock into a smaller number of shares, then in any such case, (x) the number of one one-thousandths of a share of Preferred
Stock purchasable after such event upon proper exercise of each Right shall be determined by multiplying the number of one one-thousandths of a share of Preferred Stock so purchasable immediately prior to such event by a fraction, the numerator of
which is the number of shares of Common Stock of the Company outstanding immediately before such event and the denominator of which is the number of shares of such Common Stock outstanding immediately after such event and (y) each share
of Common Stock of the Company outstanding immediately after such event shall have issued with respect to it that number of Rights which each share of Common Stock of the Company outstanding immediately prior to such event had issued with respect to
it. The adjustments provided for in this Section 11(p) shall be made successively whenever such a dividend is declared or paid or such a subdivision, combination or consolidation is effected. If an event occurs which would require an adjustment
under Section 11(a)(ii) and this Section 11(p), the adjustments provided for in this Section 11(p) shall be in addition and prior to any adjustment required pursuant to Section 11(a)(ii). 
 Section 12. Certificate of Adjusted Purchase Price or Number of Shares. Whenever an adjustment is made as provided in Sections 11 or 13, the
Company shall (a) prepare a certificate setting forth such adjustment and a brief statement of the facts accounting for such adjustment, (b) file with the Rights Agent and with each transfer agent for its Common Stock and
Preferred Stock a copy of such certificate and (c) mail a brief summary thereof to each holder of a Right Certificate (or, if prior to the Distribution Date, to each holder of a certificate representing shares of its Common Stock) in
accordance with Section 26 of this Agreement. Notwithstanding the foregoing sentence, the failure of the Company to make such certificates or give such notice shall not affect the validity or the force or effect of the requirement for such
adjustment. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment therein contained. 
 Section 13. Consolidation, Merger or Sale or Transfer of Assets, Cash Flow or Earning Power. 
 (a) In the event (a
“Section 13 Event”) that, following the first occurrence of a Section 11(a)(ii) Event, directly or indirectly, (x) the Company shall consolidate or otherwise combine with or merge with or into, any other Person and the
Company shall not be the surviving or continuing corporation of such consolidation, combination or 

  

					
		 	25	 	

 
merger, (y) any Person shall consolidate or otherwise combine with or merge with or into the Company and the Company shall be the surviving or
continuing corporation of such consolidation, combination or merger and, in connection therewith, all or part of the Common Stock of the Company shall be changed into or exchanged for stock or other securities of the Company or any other Person or
cash or any other property or (z) the Company shall sell or otherwise transfer (or one or more of its Subsidiaries shall sell or otherwise transfer), in one or more transactions, assets, cash flow or earning power aggregating more than
50% of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole and calculated on the basis of the Company’s most recent regularly prepared financial statement) to any other Person or Persons (other than the
Company or one or more of its wholly owned Subsidiaries), then, and in each such case, proper provision shall be made so that (i) each holder of a Right (except as provided in Section 7(e)) shall thereafter have the right to
receive, upon the exercise thereof at the then current Purchase Price in accordance with the terms of this Agreement and in lieu of shares of Preferred Stock or Common Stock of the Company, such number of validly authorized and issued, fully paid,
nonassessable and freely tradable shares of Common Stock of the Principal Party (as hereinafter defined), not subject to any liens, encumbrances, rights of call, rights of first refusal or other adverse claims, as shall equal the result obtained by
dividing the then current Purchase Price by 50% of the Current Market Price per share of Common Stock of such Principal Party on the date of consummation of such merger, consolidation, sale or transfer (provided, that the Purchase Price and
the number of shares of Common Stock of such Principal Party so receivable upon exercise of a Right shall, from and after such Section 13 Event, be subject to further adjustment in accordance with Section 11(f) to reflect any events
occurring in respect of the Common Stock of such Principal Party after the occurrence of such Section 13 Event); (ii) such Principal Party shall thereafter be liable for, and shall assume, by virtue of such Section 13 Event,
all the obligations and duties of the Company pursuant to this Agreement; (iii) the term “Company” shall thereafter be deemed to refer to such Principal Party; (iv) such Principal Party shall take such steps
(including, but not limited to, the reservation of a sufficient number of shares of its Common Stock in accordance with Section 9) in connection with such consummation as may be necessary to assure that the provisions hereof shall thereafter be
applicable, as nearly as reasonably may be possible, in relation to its shares of Common Stock thereafter deliverable upon the exercise of the Rights; and (v) the provisions of Section 11(a)(ii) shall be of no effect following the
first occurrence of any Section 13 Event. Notwithstanding anything to the contrary in this Section 13(a), none of the transactions contemplated by the Transaction Agreement (including the “Arrangement”, the
“Contribution” and the “Distribution”, as such terms are defined in the Transaction Agreement) shall constitute a Section 13 Event. 
  

					
		 	26	 	

 (b) “Principal Party” shall mean: 
 (i) in the case of any transaction described in clause (x) or (y) of the first sentence of Section 13(a): (A) the Person that
is the issuer of any securities into which shares of Common Stock of the Company are converted in such merger or consolidation, or (B) if no securities are so issued, (x) the Person that is the other party to such merger, if
such Person survives such merger, or (y) if the Person that is the other party to the merger does not survive the merger, the Person that does survive the merger (including the Company if it survives) or (z) the Person
resulting from the consolidation; and 
 (ii) in the case of any transaction described in clause (z) of the first sentence of
Section 13(a), the Person that is the party receiving the greatest portion of the assets, cash flow or earning power transferred pursuant to such transaction or transactions; 
 provided, however, that in any such case, (1) if the Common Stock of such Person is not at such time and has not been continuously over the preceding 12 month period registered under
Section 12 of the Exchange Act, and such Person is a direct or indirect Subsidiary of another Person the Common Stock of which is and has been so registered, “Principal Party” shall refer to such other Person; (2) if such
Person is a Subsidiary, directly or indirectly, of more than one Person, the Common Stocks of two or more of which are and have been so registered, “Principal Party” shall refer to whichever of such Persons is the issuer of the Common
Stock having the greatest aggregate market value; or (3) if such Person is owned, directly or indirectly, by a joint venture formed by two or more Persons that are not owned, directly or indirectly, by the same Person, the rules set
forth in clauses (1) and (2) above shall apply to each of the owners having an interest in the venture as if the Person owned by the joint venture was a Subsidiary of both or all of such joint venturers, and the Principal Party in each
such case shall bear the obligations set forth in this Section 13 in the same ratio as its interest in such Person bears to the total of such interests. 
 (c) The Company shall not consummate any Section 13 Event unless prior thereto the Company and such issuer shall have executed and delivered to the Rights Agent a supplemental agreement confirming that the
requirements set forth in paragraphs (a) and (b) of this Section 13 shall be performed in full and further providing that, as soon as practicable after executing such agreement, the Principal Party will: 
 (i) prepare and file a registration statement under the Act with respect to the Rights and the securities purchasable upon exercise of the Rights on an
appropriate form and will use its best efforts to cause such registration statement to (A) become effective as soon as practicable after such filing and (B) remain effective (with a prospectus at all times meeting the
requirements of the Act) until the Expiration Date and similarly comply with applicable state securities laws; 
  

					
		 	27	 	

 (ii) use its best efforts to (A) list (or continue the listing of) the Rights and the
securities purchasable upon exercise of the Rights on a national securities exchange or (B) meet the eligibility requirements for quotation on NASDAQ and list (or continue the listing of) the Rights and the securities purchasable upon
exercise of the Rights on NASDAQ; and 
 (iii) deliver to holders of the Rights historical financial statements for the Principal Party and
each of its Affiliates which comply in all respects with the requirements for registration on Form 10 under the Exchange Act. 
 The provisions of this
Section 13 shall similarly apply to successive mergers or consolidations or sales or other transfers. In the event that a Section 13 Event shall occur at any time after the occurrence of a Section 11(a)(ii) Event, the Rights which
have not theretofore been exercised shall thereafter, subject to Section 7(e), become exercisable in the manner described in Section 13(a). 
 (d) The Company covenants and agrees that it will not, after the occurrence of a Section 11(a)(ii) Event, engage in any Section 13 Event if at the time of or after such event there are any charter or by-law
provisions or any rights, warrants or other instruments outstanding or any other action taken which would diminish or otherwise eliminate the benefits intended to be afforded by the Rights. 
 Section 14. Fractional Rights and Fractional Shares. 
 (a) The Company shall not be required to issue fractions of Right Certificates which evidence fractional Rights. In lieu of such fractional Rights, there shall be paid to the registered holders of the Right
Certificates with regard to which such fractions of Rights would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Right. For the purposes of this Section 14(a), the current market value
of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price of the Rights for any day shall be the last sale price,
regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or
admitted to trading on the New York Stock Exchange or, if the Rights are not listed or admitted to trading on the New York Stock Exchange, as reported in the principal consolidated transaction reporting system with respect to securities listed on
the principal national securities exchange on which the Rights are listed or admitted to trading or, if the Rights are not listed or 

  

					
		 	28	 	

 
admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the
over-the-counter market, as reported by NASDAQ or such other system then in use, or, if on any such date the Rights are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker
making a market in the Rights (selected by the Company, acting by resolution of its Board of Directors). If on any such date no such market maker is making a market in the Rights, the fair value of the Rights on such date as determined in good faith
by the Company, acting by resolution of its Board of Directors shall be used. 
 (b) The Company shall not be required to issue fractions of
shares of Preferred Stock (other than fractions that are integral multiples of one one-thousandth of a share of Preferred Stock) upon exercise of the Rights or to distribute certificates which evidence fractional shares (other than fractions that
are integral multiples of one one-thousandth of a share of Preferred Stock). Fractions of Preferred Stock in integral multiples of one one-thousandth of a share of Preferred Stock may, at the election of the Company, be evidenced by depositary
receipts, pursuant to an appropriate agreement between the Company and a depositary selected by it, provided that such agreement shall provide that the holders of depositary receipts shall have all the rights, privileges and preferences to which
they are entitled as beneficial owners of the Preferred Stock. In lieu of fractional shares that are not integral multiples of one one-thousandth of a share of Preferred Stock, the Company shall pay to the registered holders of Right Certificates at
the time such Right Certificates are exercised as herein provided an amount in cash equal to the same fraction of the current market value of one share of Preferred Stock. For purposes of this Section 14(b), the current market value of a share
of Preferred Stock shall be the closing price of a share of Preferred Stock (as determined pursuant to Section 11(d)(ii)) for the Trading Day immediately prior to the date of such exercise. 
 (c) The Company shall not be required to issue fractions of shares of its Common Stock upon exercise or exchange of the Rights or to distribute
certificates or make Book Entries that evidence fractional shares of its Common Stock. In lieu of fractional shares of its Common Stock, the Company may pay to the registered holders of Right Certificates with regard to which such fractional shares
would otherwise be issuable at the time such Rights are exercised or exchanged as herein provided an amount in cash equal to the same fraction of the current market value of one share of its Common Stock. For purposes of this Section 14(c), the
current market value of one share of Common Stock of the Company shall be the closing price of one share of Common Stock of the Company (as determined pursuant to Section 11(d)(i)) for the Trading Day immediately prior to the date of such
exercise or exchange. 
  

					
		 	29	 	

 (d) The holder of a Right, by the acceptance of the Right, expressly waives his right to receive any
fractional Rights or any fractional shares upon exercise or exchange of a Right except as otherwise permitted by this Section 14. 
 Section 15. Rights of Action. All rights of action in respect of this Agreement, except the rights of action vested in the Rights Agent pursuant to Section 18, are vested in the respective registered holders of the Right
Certificates (and, prior to the Distribution Date, the registered holders of Common Stock of the Company); and any registered holder of any Right Certificate (or, prior to the Distribution Date, of Common Stock of the Company), without the consent
of the Rights Agent or of any holder of any other Right Certificate (or, prior to the Distribution Date, of Common Stock of the Company) may, in his own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or
proceeding against the Company to enforce, or otherwise act in respect of, his right to exercise the Rights evidenced by such Right Certificate in the manner provided in such Right Certificate and in this Agreement. Without limiting the foregoing or
any remedies available to the holders of Rights, it is specifically acknowledged that the holders of Rights would not have an adequate remedy at law for any breach of this Agreement and will be entitled to specific performance of the obligations
hereunder and injunctive relief against actual or threatened violations of the obligations of any Person subject to this Agreement. 
 Section 16. Agreement of Right Holders. Every holder of a Right, by accepting such Right, consents and agrees with the Company and the Rights Agent and with every other holder of a Right that: 
 (a) prior to the Distribution Date, the Rights will be transferable only in connection with the transfer of Common Stock of the Company; 
 (b) after the Distribution Date, the Right Certificates are transferable only on the registry books of the Rights Agent if surrendered at the principal
office of the Rights Agent, duly endorsed or accompanied by a proper instrument of transfer; and 
 (c) the Company and the Rights Agent may
deem and treat the Person in whose name the Right Certificate (or, prior to the Distribution Date, the associated Common Stock Book Entry or certificate) is registered as the absolute owner thereof and of the Rights evidenced thereby
(notwithstanding any notations of ownership or writing on the Right Certificate or the associated Common Stock certificate made by anyone other than the Company or the Rights Agent) for all purposes whatsoever, and neither the Company nor the Rights
Agent shall be affected by any notice to the contrary. 
 Section 17. Right Certificate Holder Not Deemed a Stockholder. No
holder, as such, of any Right or Right Certificate shall be entitled to vote, receive dividends or be 

  

					
		 	30	 	

 
deemed for any purpose the holder of any Preferred Stock or any other securities of the Company which may at any time be issuable on the exercise of the
Rights represented thereby, nor shall anything contained herein or in any Right Certificate be construed to confer upon the holder of any Right or Right Certificate, as such, any of the rights of a stockholder of the Company or any right to vote for
the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting stockholders (except as provided in
Section 25), or to receive dividends or subscription rights, or otherwise, until the Right or Rights evidenced by such Right Certificate shall have been exercised in accordance with the provisions hereof. 
 Section 18. Concerning the Rights Agent. 
 (a) The Company agrees to pay to the Rights Agent compensation as agreed to by the parties for all services rendered by it hereunder and, from time to time, on demand of the Rights Agent, its reasonable expenses and counsel fees and other
disbursements incurred in the administration and execution of this Agreement and the exercise and performance of its duties hereunder. The Company also agrees to indemnify the Rights Agent for, and to hold it harmless against, any loss, liability or
expense, incurred without gross negligence, bad faith or willful misconduct on the part of the Rights Agent, for anything done or omitted by the Rights Agent in connection with the acceptance and administration of this Agreement, including the costs
and expenses of defending against any claim of liability in the premises. In no event will the Rights Agent be liable for special, indirect, incidental or consequential loss or damage of any kind whatsoever, even if the Rights Agent has been advised
of the possibility of such loss or damage. 
 (b) The Right Agent shall incur no liability for or in respect of any action taken, suffered or
omitted by it in connection with its administration of this Agreement in reliance upon any Right Certificate or certificate for Preferred Stock or Common Stock of the Company or for other securities of the Company, instrument of assignment or
transfer, power of attorney, endorsement, affidavit, letter, notice, direction, consent, certificate, statement or other paper or document believed by it to be genuine and to be signed, executed and, where necessary, verified or acknowledged by the
proper Person or Persons. 
 Section 19. Merger or Consolidation or Change of Name of Rights Agent. 
 (a) Any corporation into which the Rights Agent or any successor Rights Agent may be merged or with which it may be consolidated, or any corporation
resulting from any merger or consolidation to which the Rights Agent or any successor Rights Agent shall be a party, or any corporation succeeding to the corporate trust or stock transfer business of the Rights Agent or any successor Rights Agent,
shall be the successor to the 

  

					
		 	31	 	

 
Rights Agent under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided,
however, that such corporation would be eligible for appointment as a successor Rights Agent under the provisions of Section 21. The purchase of all or substantially all of the Rights Agent’s assets employed in the performance of
transfer agent activities shall be deemed a merger or consolidation for purposes of this Section 19. In case at the time such successor Rights Agent shall succeed to the agency created by this Agreement, any of the Right Certificates shall have
been countersigned but not delivered, any such successor Rights Agent may adopt the countersignature of the predecessor Rights Agent and deliver such Right Certificates so countersigned; and in case at that time any of the Right Certificates shall
not have been countersigned, any successor Rights Agent may countersign such Right Certificates either in the name of the predecessor Rights Agent or in the name of the successor Rights Agent; and in all such cases such Right Certificates shall have
the full force provided in the Right Certificates and in this Agreement. 
 (b) In case at any time the name of the Rights Agent shall be
changed and at such time any of the Right Certificates shall have been countersigned but not delivered, the Rights Agent may adopt the countersignature under its prior name and deliver Right Certificates so countersigned; and in case at that time
any of the Right Certificates shall not have been countersigned, the Rights Agent may countersign such Right Certificates either in its prior name or in its changed name; and in all such cases such Right Certificates shall have the full force
provided in the Right Certificates and in this Agreement. 
 Section 20. Duties of Rights Agent. The Rights Agent undertakes the
duties and obligations imposed by this Agreement upon the following terms and conditions, by all of which the Company and the holders of Right Certificates, by their acceptance thereof, shall be bound: 
 (a) The Rights Agent may consult with legal counsel selected by it (which may be legal counsel for the Company), and the opinion of such counsel shall be
full and complete authorization and protection to the Rights Agent as to any action taken or omitted by it in good faith and in accordance with such opinion. 
 (b) Whenever in the performance of its duties under this Agreement the Rights Agent shall deem it necessary or desirable that any fact or matter (including, without limitation, the identity of an Acquiring Person and
the determination of the Current Market Price per share of Preferred Stock and Common Stock) be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be
herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by any one of the Chairman of the Board, the Chief Executive Officer, the President, any Vice 

  

					
		 	32	 	

 
President, the Treasurer or the Secretary of the Company and delivered to the Rights Agent; and such certificate shall be full authorization to the Rights
Agent for any action taken or suffered in good faith by it under the provisions of this Agreement in reliance upon such certificate. 
 (c)
The Rights Agent shall be liable hereunder only for its own gross negligence, bad faith or willful misconduct. 
 (d) The Rights Agent shall
not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in the Right Certificates (except its countersignature thereof) or be required to verify the same, but all such statements and recitals are
and shall be deemed to have been made by the Company only. 
 (e) The Rights Agent shall not be under any responsibility in respect of the
validity of this Agreement or the execution and delivery hereof (except the due execution hereof by the Rights Agent) or in respect of the validity or execution of any Right Certificate (except its countersignature thereof); nor shall it be
responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Right Certificate; nor shall it be responsible for any change in the exercisability of the Rights (including the Rights becoming void
pursuant to Section 7(e)) or any adjustment in the terms of the Rights provided for in Sections 3, 11, 13, 23 or 24 or the ascertaining of the existence of facts that would require any such adjustment (except with respect to the exercise of
Rights evidenced by Right Certificates after actual notice of any such adjustment); nor shall it be responsible for any determination by the Board of Directors of the Company of the Current Market Price of the Preferred Stock or Common Stock of the
Company; nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock of the Company or Preferred Stock or other securities to be issued pursuant to this
Agreement or any Right Certificate or as to whether any shares of Preferred Stock or Common Stock of the Company or other securities will, when issued, be validly authorized and issued, fully paid and nonassessable. 
 (f) The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such
further and other acts, instruments and assurances as may reasonably be required by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement. 
 (g) The Rights Agent is hereby authorized and directed to accept instructions with respect to the performance of its duties hereunder from any one of the
Chairman of the Board, the Chief Executive Officer, the President, any Vice President, the Treasurer or the Secretary of the Company, and to apply to such officers for advice or instructions in connection with its duties, and it shall not be liable
for any action taken or suffered to be taken by it in good faith in accordance with instructions of any such officer. 
  

					
		 	33	 	

 (h) The Rights Agent and any stockholder, director, officer or employee of the Rights Agent may buy, sell
or deal in any of the Rights or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though
it were not Rights Agent under this Agreement. Nothing herein shall preclude the Rights Agent from acting in any other capacity for the Company or for any other legal entity. 
 (i) The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or
through its attorneys or agents, and the Rights Agent shall not be answerable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company or to holders of the Rights resulting
from any such act, omission, default, neglect or misconduct, provided reasonable care was exercised in the selection and continued employment thereof. 
 (j) No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its
rights if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured for it. 
 (k) If, with respect to any Right Certificate surrendered to the Rights Agent for exercise or transfer, the certificate attached to the form of
assignment or form of election to purchase, as the case may be, has either not been completed or indicates an affirmative response to clause 1 and/or 2 thereof, the Rights Agent shall not take any further action with respect to such requested
exercise or transfer without first consulting with the Company. 
 Section 21. Change of Rights Agent. The Rights Agent or any
successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 days’ notice in writing mailed to the Company and to each transfer agent of the Common Stock of the Company and Preferred Stock by registered or
certified mail, and to the holders of the Right Certificates by first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 days’ notice in writing, mailed to the Rights Agent or successor Rights Agent, as
the case may be, and to each transfer agent of the Common Stock of the Company and Preferred Stock by registered or certified mail, and to the holders of the Right Certificates by first-class mail. If the Rights Agent shall resign or be removed or
shall otherwise become incapable of acting, the Company shall appoint a 

  

					
		 	34	 	

 
successor to the Rights Agent. If the Company shall fail to make such appointment within a period of 30 days after giving notice of such removal or after it
has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who shall, with such notice, submit his Right Certificate for inspection by the Company), then the
registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, shall be a corporation organized
and doing business under the laws of the United States or of the State of [            ] or of the State of [State] (or of any other state of the United States so long as such
corporation is authorized to do business as a banking institution in the State of [            ] or of the State of [State]), in good standing, having an office in the State of
[            ] or the State of [State], which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by
federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million. After appointment, the successor Rights Agent shall be vested with the same powers, rights, duties and
responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder and execute and
deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent
of its Common Stock and Preferred Stock, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, shall not affect the
legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be. 
 Section 22. Issuance of New Right Certificates. Notwithstanding any of the provisions of this Agreement or of the Rights to the contrary, the Company may, at its option, issue new Right Certificates evidencing Rights in such
form as may be approved by resolution of its Board of Directors, to reflect any adjustment or change in the Purchase Price and the number or kind or class of shares of stock or other securities or property purchasable under the Right Certificates
made in accordance with the provisions of this Agreement. In addition, in connection with the issuance or sale of shares of its Common Stock following the Distribution Date (other than upon exercise of a Right) and prior to the Expiration Date, the
Company (a) shall, with respect to shares of Common Stock so issued or sold pursuant to the exercise of stock options or under any employee plan or arrangement, or upon the exercise, conversion or exchange of securities, notes or
debentures issued by the Company prior to the Distribution Date, and (b) may, in any other case, if deemed necessary or appropriate by the Board of Directors of the Company, issue Right Certificates representing the appropriate number of
Rights in connection with 

  

					
		 	35	 	

 
such issuance or sale; provided, however, that (i) no such Right Certificate shall be issued if and to the extent that the Company
shall be advised by counsel that such issuance would create a significant risk of material adverse tax consequences to the Company or the Person to whom such Right Certificate would be issued and (ii) no such Right Certificate shall be
issued if and to the extent that appropriate adjustment shall otherwise have been made in lieu of the issuance thereof. 
 Section 23.
Redemption. 
 (a) The Company may, by resolution of its Board of Directors, at its option, at any time prior to any Person’s
becoming an Acquiring Person, redeem all but not less than all of the then outstanding Rights at a redemption price of $.001 per Right (payable in cash, shares of Common Stock (based on the Current Market Price of the Common Stock at the time of
redemption) or any other form of consideration deemed appropriate by the Board of Directors of the Company), appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption
price being hereinafter referred to as the “Redemption Price”). The redemption of the Rights by the Company may be made effective at such time, on such bases and with such conditions as the Board of Directors may in its sole discretion
establish. 
 (b) Immediately upon the action of the Board of Directors of the Company ordering the redemption of the Rights (or at such time
subsequent to such action as the Board of Directors may determine), and without any further action and without any notice, the right to exercise the Rights will terminate and the only right thereafter of the holders of Rights shall be to receive the
Redemption Price. Within 10 days after the action of the Board of Directors ordering the redemption of the Rights, the Company shall give notice of such redemption to the holders of the then outstanding Rights by mailing such notice to all such
holders at their last addresses as they appear upon the registry books of the Rights Agent or, prior to the Distribution Date, on the registry books of the transfer agent for the Common Stock of the Company. The Company shall promptly give public
notice of any such redemption; provided, however, that the failure to give, or any defect in, any such notice shall not affect the validity of any such redemption. Any notice which is mailed in the manner herein provided shall be
deemed given, whether or not the holder receives the notice. Each such notice of redemption will state the method by which the payment of the Redemption Price will be made. 
 Section 24. Exchange. 
 (a) The
Board of Directors of the Company may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void pursuant to

  

					
		 	36	 	

 
the provisions of Section 7(e)) for shares of Common Stock at an exchange ratio of one share of Common Stock per Right, appropriately adjusted to
reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such exchange ratio being hereinafter referred to as the “Exchange Ratio”). Notwithstanding the foregoing, the Board of Directors shall not be
empowered to effect such exchange at any time after any Person (other than an Exempt Person), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the shares of Common Stock then outstanding.

 (b) Immediately upon the action of the Board of Directors of the Company ordering the exchange of any Rights pursuant to paragraph
(a) of this Section 24 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of shares of Common
Stock equal to the number of such Rights held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such
notice shall not affect the validity of such exchange. The Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice
which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the shares of Common Stock for Rights will be effected
and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to the provisions of
Section 7(e)) held by each holder of Rights. 
 (c) In any exchange pursuant to this Section 24, the Company, at its option, may
substitute shares of Preferred Stock (or any other series of preferred stock of the Company containing terms substantially similar to the terms of the Preferred Stock) for some or all of the shares of Common Stock exchangeable for Rights, at the
initial rate of one one-thousandth of a share of Preferred Stock (or of such other series of preferred stock of the Company) for each share of Common Stock, as appropriately adjusted to reflect adjustments in the voting rights of the Preferred Stock
pursuant to the terms thereof, so that the fraction of a share of Preferred Stock (or of such other series of preferred stock of the Company) delivered in lieu of each share of Common Stock shall have the same voting rights as one share of Common
Stock. 
 (d) In the event that there shall not be sufficient shares of Common Stock or Preferred Stock (or any other series of preferred
stock of the Company containing terms substantially similar to the terms of the Preferred Stock) issued but not outstanding or authorized but unissued to permit any exchange of Rights as contemplated in accordance 

  

					
		 	37	 	

 
with this Section 24, the Company shall take all such action as may be necessary to authorize additional shares of Common Stock or Preferred Stock (or
such other series of preferred stock of the Company) for issuance upon exchange of the Rights. 
 Section 25. Notice of Certain
Events. 
 (a) In case the Company shall at any time after the earlier of the Distribution Date or the Stock Acquisition Time propose
(i) to pay any dividend payable in stock of any class to the holders of its Preferred Stock or to make any other distribution to the holders of its Preferred Stock (other than a regular periodic cash dividend), (ii) to offer
to the holders of Preferred Stock options, rights or warrants to subscribe for or to purchase any additional Preferred Stock or shares of stock of any class or any other securities, rights or options, (iii) to effect any reclassification
of the Preferred Stock (other than a reclassification involving only the subdivision of outstanding shares of Preferred Stock), or (iv) to effect any merger, consolidation or other combination into or with, or to effect any sale or other
transfer (or to permit one or more of its Subsidiaries to effect any sale or other transfer), in one or more transactions, of more than 50% of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole) to, any
other Person, or (v) to effect the liquidation, dissolution or winding up of the Company, then, in each such case, the Company shall give to each holder of a Right, in accordance with Section 26, a notice of such proposed action,
which shall specify the record date for the purposes of such stock dividend or distribution of rights or warrants, or the date on which such reclassification, merger, consolidation, combination, sale, transfer, liquidation, dissolution or winding up
is to take place and the date of participation therein by the holders of Common Stock of the Company or Preferred Stock, if any such date is to be fixed, and such notice shall be so given in the case of any action covered by clause (i) or
(ii) above at least twenty days prior to the record date for determining holders of Preferred Stock for purposes of such action, and in the case of any such other action, at least twenty days prior to the date of the taking of such proposed
action or the date of participation therein by the holders of Common Stock of the Company or Preferred Stock, whichever shall be the earlier. The failure to give notice required by this Section 25 or any defect therein shall not affect the
legality or validity of the action taken by the Company or the vote upon any such action. 
 (b) In case any of the events set forth in
Sections 11(a)(ii) or 13(a) shall occur, then, in any such case, (i) the Company shall as soon as practicable thereafter give to each holder of a Right, to the extent feasible and in accordance with Section 26, a notice of the
occurrence of such event, which shall specify the event and the consequences of the event to holders of Rights under Section 11(a)(ii) or 13(a), and (ii) all references in Section 25(a) to Preferred Stock shall be deemed
thereafter to refer also to Common Stock or other securities issuable in respect of the Rights. 
  

					
		 	38	 	

 Section 26. Notices. Notices or demands authorized by this Agreement to be given or made by
the Rights Agent or by the holder of any Right Certificate to or on the Company shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Rights Agent) as follows:

 Domtar Corporation 
 33663 Weyerhaeuser Way South 
 Federal Way, WA 98003 
 Attention:                     

 Subject to the provisions of Section 21, any notice or demand authorized by this Agreement to be given or made by the Company or by the holder of any
Right Certificate to or on the Rights Agent shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Company) as follows: 
 Computershare Trust Company, N.A. 
 [Address] 
 [City, State Zip] 
 Attention:                     

 Notices or demands authorized by this Agreement to be given or made by the Company or the Rights Agent to the holder of any Right Certificate (or if prior
to the Distribution Date to each holder of a certificate representing shares of Common Stock of the Company) shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed to such Right holder (or if prior to the
Distribution Date to such holder of Common Stock of the Company) at the address of such holder as shown on the registry books of the Company. 
 Section 27. Supplements and Amendments. Prior to any Person’s becoming an Acquiring Person, and subject to the penultimate sentence of this Section 27, the Company may, by resolution of its Board of Directors, and the
Rights Agent shall, if the Company so directs, supplement or amend any provision of this Agreement in any respect whatsoever (including, without limitation, any extension of the period in which the Rights may be redeemed) without the approval of any
holders of certificates representing shares of Common Stock of the Company. At any time after any Person becomes an Acquiring Person, and subject to the penultimate sentence of this Section 27, without the approval of any holders of
certificates representing shares of Common Stock of the Company or of Right Certificates, the Company may, by resolution of its Board of Directors, and the Rights Agent shall, if the Company so directs, supplement or amend this Agreement in any
manner which the Company may deem necessary or desirable; provided, however, that no such supplement or amendment may (A) adversely affect the 

  

					
		 	39	 	

 
interests of the holders of Rights (other than an Acquiring Person or an Affiliate or Associate of an Acquiring Person), (B) cause this Agreement again
to become amendable other than in accordance with this Section 27 or (C) cause the Rights again to become redeemable at such time as the Rights are not then redeemable. Upon the delivery of a certificate from an appropriate officer of the
Company which states that the proposed supplement or amendment is in compliance with the terms of this Section 27, the Rights Agent shall execute such supplement or amendment, provided that any supplement or amendment that does not amend
Section 18, 19, 20 or 21 in a manner adverse to the Rights Agent shall become effective immediately upon execution by the Company, whether or not also executed by the Rights Agent. Notwithstanding anything contained in this Agreement to the
contrary, no supplement or amendment shall be made which changes the Redemption Price. Prior to the Distribution Date, the interests of the holders of Rights shall be deemed coincident with the interests of the holders of Common Stock. 

Section 28. Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights Agent shall
bind and inure to the benefit of their respective successors and assigns hereunder. 
 Section 29. Determinations and Actions by the
Board of Directors, etc. The Board of Directors of the Company shall have the exclusive power and authority to administer this Agreement and to exercise all rights and powers specifically granted to such Board of or the Company, or as may be
necessary or advisable in the administration of this Agreement, including, without limitation, the right and power to (i) interpret the provisions of this Agreement and (ii) make all determinations deemed necessary or
advisable for the administration of this Agreement (including, without limitation, a determination to redeem or not redeem the Rights or to amend the Agreement). All such actions, calculations, interpretations and determinations which are done or
made by the Board of Directors of the Company or the Company in good faith shall be final, conclusive and binding on the Company, the Rights Agent, the holders of the Right Certificates and all other parties. 
 Section 30. Benefits of this Agreement. Nothing in this Agreement shall be construed to give to any Person other than the Company, the Rights
Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, registered holders of the Common Stock) any legal or equitable right, remedy or claim under this Agreement; but this Agreement shall be for the sole and
exclusive benefit of the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, registered holders of the Common Stock). 
 Section 31. Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or
other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. 
  

					
		 	40	 	

 Section 32. Governing Law. This Agreement and each Right Certificate issued hereunder shall
be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State.

 Section 33. Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts shall for
all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 Section 34. Descriptive Headings. Descriptive headings of the several Sections of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof.

  

					
		 	41	 	

 SIGNATURE 
 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the day and year first above written. 
  

			
	DOMTAR CORPORATION
		
	By	 	  

	Name:	 	
	Title:	 	
	
	 COMPUTERSHARE TRUST COMPANY, N.A.

		
	By	 	  

	Name:	 	
	Title:	 	

 EXHIBIT A 
 DOMTAR CORPORATION 
 Form of 
 Certificate of Designation, 
 Preferences and Rights 
 of 
 Series A Junior Participating Preferred Stock 
 Pursuant to Section 151 
 of the General
Corporation Law 
  

 Domtar Corporation, a corporation organized and existing under the General Corporation Law of Delaware (the “Company”), does hereby certify that, pursuant to authority vested in the Board of Directors of the Company by the
provisions of its Certificate of Incorporation, the Board of Directors on [Date] duly adopted the following resolution: 
 RESOLVED that,
pursuant to authority vested in the Board of Directors of this Company by the provisions of its Certificate of Incorporation, the Board of Directors hereby creates a series of Preferred Stock, par value $0.01 per share, of the Company, and hereby
fixes the designation, relative powers, preferences and rights, and the qualifications, limitations and restrictions thereof, as follows: 
 Section 1. Designation and Number of Shares. [                    ] shares of the Preferred Stock of the Company shall
constitute a series of Preferred Stock designated as Series A Junior Participating Preferred Stock (hereinafter referred to as the “Series A Preferred Stock”). Such number of shares may be increased or decreased by resolution of the Board
of Directors; provided, that no decrease shall reduce the number of shares of Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options,
rights or warrants or upon the conversion of any outstanding securities issued by the Company convertible into Series A Preferred Stock. 
  

					
		 	A-1	 	

 Section 2. Dividends and Distributions. 
 (a) Subject to the rights of the holders of any shares of any series of Preferred Stock (or any similar stock) ranking prior and superior to the Series A
Preferred Stock with respect to dividends, the holders of shares of Series A Preferred Stock, in preference to the holders of Common Stock, par value $0.01 per share, of the Company (the “Common Stock”) and of any other Junior stock which
may be outstanding, shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, annual dividends payable in cash on the fifteenth day of December in each year (each such date being
referred to herein as a “Dividend Payment Date”), commencing on the first Dividend Payment Date after the first issuance of a share or fraction of a share of Series A Preferred Stock, in an amount per share (rounded to the nearest cent)
equal to the greater of (i) $10.00 per share, or (ii) subject to the provision for adjustment hereinafter set forth, 1000 times the aggregate per share amount of all cash dividends, and 1000 times the aggregate per share
amount (payable in kind) of all non-cash dividends or other distributions, other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared on the Common
Stock since the immediately preceding Dividend Payment Date, or, with respect to the first Dividend Payment Date, since the first issuance of any share or fraction of a share of Series A Preferred Stock. In the event the Company shall at any time
declare or pay any dividend on Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise) into a greater or lesser number of
shares of Common Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (ii) of the preceding sentence shall be adjusted by multiplying such
amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.

 (b) The Company shall declare a dividend or distribution on the Series A Preferred Stock as provided in paragraph (a) of this Section
immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares of Common Stock); provided that, in the event no dividend or distribution shall have been declared on the Common Stock during the
period between any Dividend Payment Date and the next subsequent Dividend Payment Date, a dividend of $10.00 per share on the Series A Preferred Stock shall nevertheless be payable on such subsequent Dividend Payment Date. 
 (c) Dividends shall begin to accrue and be cumulative on outstanding shares or Series A Preferred Stock from the Dividend Payment Date next preceding the
date of issue of such shares of Series A Preferred Stock, unless the date of issue of such shares is 

  

					
		 	A-2	 	

 
prior to the record date for the first Dividend Payment Date, in which case dividends on such shares shall begin to accrue from the date of issue of such
shares, or unless the date of issue is a Dividend Payment Date or is a date after the record date for the determination of holders of shares of Series A Preferred Stock entitled to receive a quarterly dividend and before such Dividend Payment Date,
in either of which events such dividends shall begin to accrue and be cumulative from such Dividend Payment Date. Accrued but unpaid dividends shall accumulate but shall not bear interest. Dividends paid on the shares of Series A Preferred Stock in
an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding. The Board of Directors may fix a record date
for the determination of holders of shares of Series A Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be not more than 60 days prior to the date fixed for the payment thereof.

 Section 3. Voting Rights. The holders of shares of Series A Preferred Stock shall have the following voting rights:

 (a) Subject to the provisions for adjustment as hereinafter set forth, each share of Series A Preferred Stock shall entitle the holder
thereof to 1000 votes (and each one one-thousandth of a share of Series A Preferred Stock shall entitle the holder thereof to one vote) on all matters submitted to a vote of the stockholders of the Company. In the event the Company shall at any time
declare or pay any dividend on Common Stock payable in shares of Common Stock or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock or effect a subdivision or combination or consolidation of the
outstanding shares of Common Stock (by reclassification or otherwise) into a greater or lesser number of shares of Common Stock, then in each such case the number of votes per share to which holders of shares of Series A Preferred Stock were
entitled immediately prior to such event shall be adjusted by multiplying such number by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number
of shares of Common Stock that were outstanding immediately prior to such event. 
 (b) Except as otherwise provided herein, in the
Certificate of Incorporation, in any other certificate of designation creating a series of preferred stock or any similar stock, or by law, the holders of shares of Series A Preferred Stock and the holders of shares of Common Stock and any other
capital stock of the Company having general voting rights shall vote together as one class on all matters submitted to a vote of stockholders of the Company. 
  

					
		 	A-3	 	

 (c) Except as provided herein, or as otherwise provided by law, holders of Series A Preferred Stock shall
have no special voting rights and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for authorizing or taking any corporate action. 
 Section 4. Certain Restrictions. 
 (a) Whenever dividends or distributions payable on the Series A Preferred Stock as provided in Section 2 are in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares of
Series A Preferred Stock outstanding shall have been paid in full, the Company shall not: 
 (i) declare or pay dividends on, make any other
distributions on any shares or stock ranking Series A (either as to dividends or upon liquidation, dissolution or winding up) to the Series A Preferred Stock; 
 (ii) declare or pay dividends, or make any other distributions, on any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series A Preferred Stock
except dividends paid ratably on the Series A Preferred Stock, and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled; 
 (iii) redeem or purchase or otherwise acquire for consideration shares of any stock ranking Series A (either as to dividends or upon liquidation,
dissolution or winding-up) to the Series A Preferred Stock, provided that the Company may at any time redeem, purchase or otherwise acquire shares of any such Series A stock in exchange for shares of any stock of the Company ranking Series A (either
as to dividends or upon dissolution, liquidation or winding up) to the Series A Preferred Stock; or 
 (iv) purchase or otherwise acquire for
consideration any shares of Series A Preferred Stock, or any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding-up) with the Series A Preferred Stock, except in accordance with a purchase offer
made in writing or by publication (as determined by the Board of Directors) to all holders of such shares upon such terms as the Board of Directors, after consideration of the respective annual dividend rates and other relative rights and
preferences of the respective series and classes, shall determine in good faith will result in fair and equitable treatment among the respective series or classes. 
 (b) The Company shall not permit any subsidiary of the Company to purchase or otherwise acquire for consideration any shares of stock of the Company unless the Company could, under paragraph (a) of this
Section 4, purchase or otherwise acquire such shares at such time and in such manner. 
  

					
		 	A-4	 	

 Section 5. Reacquired Shares. Any shares of Series A Preferred Stock purchased or otherwise
acquired by the Company in any manner whatsoever, shall be retired and canceled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of preferred stock, without designation as to
series, and may be reissued as part of a new series of preferred stock to be created by resolution or resolutions of the Board of Directors, subject to the conditions and restrictions on issuance set forth herein, in the Restated Certificate of
Incorporation, in any other certificate of designation creating a series of preferred stock or any similar stock or as otherwise required by law. 
 Section 6. Liquidation, Dissolution or Winding Up. Upon any voluntary or involuntary liquidation, dissolution or winding-up of the Company, no distribution shall be made (a) to the holders of shares of stock ranking
junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A Preferred Stock unless prior thereto, the holders of shares of Series A Preferred Stock shall have received the greater of (i) $10 per share,
plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment and (ii) an aggregate amount per share, subject to the provision for adjustment hereinafter set forth,
equal to 1000 times the aggregate amount to be distributed per share to holders of Common Stock, or (b) to the holders of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series A
Preferred Stock, except distributions made ratably on the Series A Preferred Stock and all other such parity stock in proportion to the total amounts to which the holders of all such shares are entitled upon such liquidation, dissolution or
winding-up. In the event the Company shall at any time declare or pay any dividend on Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by
reclassification or otherwise) into a greater or lesser number of shares of Common Stock, then in each such case the aggregate amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under the
provision in clause (a) of the preceding sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which
is the number of shares of Common Stock that were outstanding immediately prior to such event. 
 Section 7. Consolidation, Merger,
etc. In case the Company shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or any other property, or otherwise
changed, then in any such case each share of Junior Preferred Stock shall at the same time be similarly exchanged or changed into an amount 

  

					
		 	A-5	 	

 
per share (subject to the provision for adjustment hereinafter set forth) equal to 1000 times the aggregate amount of stock, securities, cash and/or any
other property (payable in kind), as the case may be, into which or for which each share of Common Stock is changed or exchanged. In the event the Company shall at any time declare or pay any dividend on Common Stock payable in shares of Common
Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise) into a greater or lesser number of shares of Common Stock, then in each such case the amount set forth in the
preceding sentence with respect to the exchange or change of shares of Series A Preferred Stock shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after
such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event. 
 Section 8. No Redemption. The shares of Series A Preferred Stock shall not be redeemable. 
 Section 9.
Rank. Unless otherwise provided in the Certificate of Incorporation of the Company or a certificate of designation relating to a subsequent series of preferred stock of the Company, the Series A Preferred Stock shall rank junior to all other
series of the Company’s preferred stock as to the payment of dividends and the distribution of assets on liquidation, dissolution or winding-up, and senior to the Common Stock of this Company. 
 Section 10. Amendment. The Certificate of Incorporation of the Company shall not be amended in any manner which would materially alter or
change the powers, preferences or special rights of the Series A Preferred Stock so as to affect them adversely without the affirmative vote of the holders of at least two-thirds of the outstanding shares of Series A Preferred Stock, voting together
as a single series. 
 Section 11. Fractional Shares. Series A Preferred Stock may be issued in fractions of a share (in one
one-thousandth (1/1000th) of a share and integral multiples thereof) which shall entitle the holder, in proportion to such holder’s fractional shares, to exercise voting rights, receive dividends, participate in distributions and to have
the benefit of all other rights of holders of Series A Preferred Stock. 
  

					
		 	A-6	 	

 IN WITNESS WHEREOF, the undersigned has executed this Certificate of Designation this
[    ]th day of [                    ],
[            ]. 
  

			
	DOMTAR CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		 	A-7	 	

 EXHIBIT B 
 [Form of Right Certificate] 
  

			
	Certificate No. R-	 	             Rights

 NOT EXERCISABLE AFTER
[                    ], 20     OR EARLIER IF THE BOARD OF DIRECTORS ORDERS THE REDEMPTION OR EXCHANGE OF THE
RIGHTS. THE RIGHTS ARE SUBJECT TO REDEMPTION AT $.01 PER RIGHT AND TO EXCHANGE ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT. UNDER CERTAIN CIRCUMSTANCES, RIGHTS BENEFICIALLY OWNED BY AN ACQUIRING PERSON OR AN AFFILIATE OR ASSOCIATE THEREOF (AS
SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT) AND ANY SUBSEQUENT HOLDER OF SUCH RIGHTS MAY BECOME NULL AND VOID. 
 Right Certificate

 DOMTAR CORPORATION 
 This
certifies that                     , or registered assigns, is the registered owner of the number of Rights set forth above, each of which
entitles the owner thereof, subject to the terms, provisions and conditions of the Rights Agreement dated as of [                    ], as the
same may be amended from time to time (the “Rights Agreement”), between Domtar Corporation, a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., a
[                                        ]
(the “Rights Agent”), to purchase from the Company at any time after the Distribution Date (as such term is defined in the Rights Agreement) and prior to 5:00 P.M. ([City], [State] time) on
[                    ], 20    , at the office of the Rights Agent designated for such purpose, or of its successor
as Rights Agent, one one-hundredth of a fully paid nonassessable share of Series A Junior Participating Preferred Stock, par value $.01 per share (the “Preferred Stock”), of the Company, at a purchase price of
$[            ] per one one-thousandth of a share of Preferred Stock (the “Purchase Price”), upon presentation and surrender of this Right Certificate with the Form of
Election to Purchase and the Certificate contained therein duly executed. The number of Rights evidenced by this Right Certificate (and the number of one one-thousandths of a share of Preferred Stock which may be purchased upon exercise thereof) set
forth above, and the Purchase Price per one one-thousandth of a share of Preferred Stock set forth above, are the number and Purchase Price as of [Date], based on the shares of Preferred Stock as constituted at such date. 
 From and after the first occurrence of a Section 11(a)(ii) Event (as defined in the Rights Agreement), if the Rights evidenced by this Right
Certificate are beneficially owned by (i) an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement), (ii) a transferee of any such Acquiring Person (or of 

  

					
		 	B-1	 	
		 		 	

 
any Associate or Affiliate thereof) who becomes a transferee after such Acquiring Person (or any Associate or Affiliate thereof) becomes such or
(iii) under certain circumstances specified in the Rights Agreement, a transferee of such Acquiring Person (or of any Associate or Affiliate thereof) who becomes a transferee prior to or concurrently with such Acquiring Person becoming
such, such Rights shall become null and void and no holder hereof shall have any right with respect to such Rights. 
 As provided in the
Rights Agreement, the Purchase Price and the number of one one-thousandths of a share of Preferred Stock or the number and kind of other securities which may be purchased upon the exercise of the Rights evidenced by this Right Certificate are
subject to modification and adjustment upon the happening of certain events, including Section 11(a)(ii) Events and Section 13 Events (as defined in the Rights Agreement). 
 This Right Certificate is subject to all of the terms, provisions and conditions of the Rights Agreement, as it may be amended from time to time, which
terms, provisions and conditions are hereby incorporated herein by reference and made a part hereof and to which Rights Agreement reference is hereby made for a full description of the rights, limitations of rights, obligations, duties and
immunities hereunder of the Rights Agent, the Company and the holders of the Right Certificates, which limitations of rights include the temporary suspension of the exercisability of such Rights under the specific circumstances set forth in the
Rights Agreement. Copies of the Rights Agreement are on file at the principal executive offices of the Company and the above-mentioned office of the Rights Agent and are also available upon written request to the Rights Agent. 
 This Right Certificate, with or without other Right Certificates, upon surrender at the principal office of the Rights Agent, may be exchanged for
another Right Certificate or Right Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like aggregate number of one one-thousandths of a share of Preferred Stock as the Rights evidenced by the Right Certificate
or Right Certificates surrendered shall have entitled such holder to purchase. If this Right Certificate shall be exercised in part, the holder shall be entitled to receive upon surrender hereof another Right Certificate or Right Certificates for
the number of whole Rights not exercised. 
 Subject to the provisions of the Rights Agreement, the Rights evidenced by this Right
Certificate (i) may be redeemed by the Company at a redemption price of $.01 per Right or (ii) may be exchanged in whole or part for shares of Common Stock or fractional shares of Preferred Stock (or any other substantially
similar series of preferred stock of the Company). 
 No fractional shares of Preferred Stock will be issued upon the exercise of any Right
or Rights evidenced hereby (other than fractions which are integral multiples of 

  

					
		 	B-2	 	
		 		 	

 
one one-thousandth of a share of Preferred Stock, which may, at the election of the Company, be evidenced by depositary receipts), but in lieu thereof a cash
payment will be made, as provided in the Rights Agreement. 
 No holder of this Right Certificate shall be entitled to vote or receive
dividends or be deemed for any purpose the holder of shares of Preferred Stock or of any other securities of the Company which may at any time be issuable on the exercise hereof, nor shall anything contained in the Rights Agreement or herein be
construed to confer upon the holder hereof, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold
consent to any corporate action, or to receive notice of meetings or other actions affecting stockholders (except as provided in the Rights Agreement), or to receive dividends or subscription rights, or otherwise, until the Right or Rights evidenced
by this Right Certificate shall have been exercised as provided in the Rights Agreement. 
 This Right Certificate shall not be valid or
obligatory for any purpose until it shall have been countersigned by the Rights Agent. 
  

					
		 	B-3	 	
		 		 	

 WITNESS the facsimile signature of the proper officers of the Company and its corporate seal. Dated as of
                    ,             . 
  

									
		 	ATTEST:	 		 	DOMTAR CORPORATION
					
		 	  
	 		 	By:	 	  

		 	Secretary	 		 	 Name:
 Title:
	 	

  

					
		 	 Countersigned:
 [RIGHTS
AGENT]

			
		 	By:	 	  

		 	 Name:
 Title:
	 	

  

					
		 	B-4	 	
		 		 	

 [Form of Reverse Side of Right Certificate] 
 FORM OF ASSIGNMENT 
 (To be executed by the registered holder if such 

holder desires to transfer the Right Certificate.) 
 FOR VALUE RECEIVED
                                        
hereby sells, assigns and transfers unto 
 ____________________________________________________________________________________________________________

 ____________________________________________________________________________________________________________ 
 (Please print name and address of transferee) 
 this Right
Certificate, together with all right, title and interest therein, and does hereby irrevocably constitute and appoint
                                        
Attorney, to transfer the within Right Certificate on the books of the within-named Company, with full power of substitution. 
 Dated:                    ,      
  

	
	  
 Signature

 Signatures Guaranteed: 
 Signatures must be guaranteed by a bank, trust company, broker, dealer or other eligible institution participating in a recognized signature guarantee medallion program. 
 The undersigned hereby certifies that (1) the Rights evidenced by this Right Certificate are not beneficially owned by an Acquiring Person or an
Affiliate or Associate thereof (as defined in the Rights Agreement); and (2) after due inquiry and to the best knowledge of the undersigned, it did not acquire the Rights evidenced by this Right Certificate from any Person who is, was or
subsequently became an Acquiring Person or an Affiliate or Associate thereof. 
  

	
	  
 Signature

  

					
		 	B-5	 	
		 		 	

 FORM OF ELECTION TO PURCHASE 
 (To be executed if holder desires to 
 exercise the Right Certificate.) 
 To Domtar Corporation: 
 The undersigned hereby irrevocably
elects to exercise                                  Rights represented by this
Right Certificate to purchase the shares of Preferred Stock issuable upon the exercise of such Rights (or such other securities of the Company or of any other Person which may be issuable upon the exercise of the Rights) and requests that
certificates for such shares be issued in the name of: 
 Please insert social security 
 or other identifying number 
 ____________________________________________________________________________________________________________ 
 (Please print name and
address) 
 ____________________________________________________________________________________________________________ 
 If such number of Rights shall not be all the Rights evidenced by this Right Certificate, a new Right Certificate for the balance remaining of such Rights shall be
registered in the name of and delivered to: 
 Please insert social security 
 or other identifying number 
 ____________________________________________________________________________________________________________ 
 (Please print name and
address) 
 ____________________________________________________________________________________________________________ 
 Dated:                    ,     

  

					
		 	B-6	 	
		 		 	

 [Form of Election to Purchase — continued] 
  

	
	  
 Signature

	
	(Signature must conform in all respects to name of holder as specified on the face of this Right Certificate.)

 Signature Guaranteed: 
 Signatures must be guaranteed by a bank, trust company, broker, dealer or other eligible institution participating in a recognized signature guarantee medallion program. 
 _____________________________________________________________________________________________________________ 
 (To be completed if applicable) 
 The undersigned hereby certifies that (1) the Rights evidenced by this Right Certificate are not
beneficially owned by an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement); (2) after due inquiry and to the best knowledge of the undersigned, it did not acquire the Rights evidenced by this Right
Certificate from any Person who is, was or subsequently became an Acquiring Person of an Affiliate or Associate thereof. 
  

	
	  
 Signature

 _____________________________________________________________________________________________________________ 
 NOTICE

 The signature to the Form of Assignment or Form of Election to Purchase must correspond to the name as written upon the face of this
Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or Form of Election is not completed, such Assignment or Election to Purchase
will not be honored. 
  

					
		 	B-7	 	
		 		 	

 EXHIBIT C 
 UNDER CERTAIN CIRCUMSTANCES, RIGHTS BENEFICIALLY OWNED BY AN ACQUIRING PERSON OR AN AFFILIATE OR ASSOCIATE THEREOF (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT) AND ANY SUBSEQUENT HOLDER OF SUCH RIGHTS MAY BECOME NULL AND VOID.

 DOMTAR CORPORATION 
 SUMMARY OF
RIGHTS TO PURCHASE 
 PREFERRED STOCK 
 On [            ],the Board of Directors of Domtar Corporation (the “Company”) declared a dividend distribution of one Preferred Share Purchase Right (a
“Right”) for each outstanding share of Common Stock, par value $0.01 per share, of the Company (the “Common Stock”). The following is a summary of the terms of the Rights. 
 Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series A Participating Preferred Stock, par value
$.01 per share, of the Company (the “Preferred Stock”) at a price of $[            ] per one one-thousandth of a share of Preferred Stock, subject to adjustment (the
“Purchase Price”). The description and terms of the Rights are set forth in a Rights Agreement, dated as of [                    ]
(the Rights Agreement, as it may be amended or supplemented from time to time, is hereinafter referred to as the “Rights Agreement”) between the Company and [            ],
as Rights Agent (the “Rights Agent”). 
 Initially, the Rights will be attached to all Common Stock book entries or certificates
representing shares then outstanding, and no separate book entries or certificates representing the Rights (“Right Certificates”) will be distributed. The Rights will separate from the Common Stock and a “Distribution Date” will
occur upon the earlier to occur of (i) ten days following the time (the “Stock Acquisition Time”) of a public announcement or notice to the Company that a person (other than certain exempted persons, including persons eligible
to report ownership of Common Stock of the Company on Schedule 13G under the Securities Exchange Act of 1934, as amended) (an “Acquiring Person”) acquired beneficial ownership (as defined in the Rights Agreement) of 10% or more of the
outstanding Common Stock of the Company and (ii) ten business days (or, if determined by the Board of Directors, a specified or unspecified later date) following the commencement or announcement of an intention to commence a tender offer
or exchange offer which would result in a person (other than certain exempted persons) to become the beneficial owner of 10% of more of the outstanding 

  

 C-1 

 
Common Stock. In the case of any person who, together with its respective affiliates and associates, becomes the beneficial owner of 10% or more of the
outstanding shares of the Common Stock immediately following the Effective Time (as such term is defined in the Transaction Agreement, dated as of August 22, 2006, among the Company, Weyerhaeuser Company, Weyerhaeuser ELI, Inc., Weyerhaeuser
Crosby, Inc., Weyerhaeuser Yukon, Inc. and Domtar Inc.), the Rights generally will be distributed only if, after the Effective Time, any such stockholder (referred to as a “grandfathered person”) acquires or proposes to acquire beneficial
ownership of more than an additional 1% of the outstanding shares of the Common Stock. A stockholder shall cease to be a grandfathered person at such time when such stockholder, together with its respective affiliates and associates, beneficially
owns less than 10% of the outstanding shares of the Common Stock. 
 The Rights Agreement provides that, until the Distribution Date,
(i) the Rights will be transferred with and only with the Common Stock, (ii) new Common Stock certificates issued after [Date], upon transfer, new issuance or reissuance of the Common Stock, will contain a notation
incorporating the Rights Agreement by reference and (iii) the surrender for transfer of any of the Common Stock book entries or certificates outstanding will also constitute the transfer of the Rights associated with the shares of Common
Stock represented by such certificate or book entry. As soon as practicable following the Distribution Date, separate Right Certificates will be mailed to holders of record of the Common Stock as of the close of business on the Distribution Date and
such separate Right Certificates alone will evidence the Rights. Except in connection with issuance of Common Stock pursuant to employee stock plans, options and certain convertible securities, and except as otherwise determined by the Board of
Directors, only shares of Common Stock issued prior to the Distribution Date will be issued with Rights. 
 The Rights are not exercisable
until the Distribution Date. The Rights will expire on [Date], unless earlier redeemed or exchanged by the Company as described below. 
 In
the event that, after the time any person becomes an Acquiring Person, the Company is acquired in a merger or other business combination transaction or 50% or more of its assets, cash flow or earning power of the Company and its subsidiaries is
sold, proper provision shall be made so that each holder of a Right shall thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the Right, that number of shares of common stock of the acquiring company
which at the time of such transaction would have a market value (as defined in the Rights Agreement) of two times the Purchase Price of the Right. In the event that, after the time any person becomes an Acquiring Person, the Company were the
surviving corporation of a merger and its Common Stock were changed or exchanged, proper provision shall be made so that each holder of a Right will thereafter have the right to receive upon exercise that number of shares of common stock of the
Company having a market value of two times the exercise price of the Right. 
  

 C-2 

 In the event that a person becomes an Acquiring Person, each holder of a Right (other than the Acquiring
Person) will thereafter have the right to receive upon exercise that number of shares of Common Stock (or, in certain circumstances, cash, a reduction in the Purchase Price, Preferred Stock, other equity securities of the Company, debt securities of
the Company, other property or a combination thereof) having a market value (as defined in the Rights Agreement) of two times the Purchase Price of the Right. Notwithstanding any of the foregoing, in the event a person becomes and Acquiring Person,
all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or an affiliate, associate or transferee thereof) will be null and void. A person will not be an Acquiring
Person if the Board of Directors of the Company determines that such person became an Acquiring Person inadvertently and such person promptly divests itself of a sufficient number of shares of Common Stock so that such person or group is no longer
an Acquiring Person. 
 The Purchase Price payable, and the number of shares of Preferred Stock or other securities or property issuable,
upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, (ii) upon the
grant to holders of Preferred Stock of certain rights, options or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of Preferred Stock or (iii) upon the distribution to holders of
Preferred Stock of evidences of indebtedness or assets (excluding regular periodic cash dividends or dividends payable in Preferred Stock) or of subscription rights or warrants (other than those referred to above). The number of Rights and number of
shares of Preferred Stock issuable upon the exercise of each Right are also subject to adjustment in the event of a stock split, combination or stock dividend on the Common Stock. 
 With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments require an adjustment of at least 1% in such
Purchase Price. No fractional shares of Preferred Stock will be issued (other than fractions which are integral multiples of one one-thousandth of a share of Preferred Stock which may, upon the election of the Company, be evidenced by depositary
receipts) and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock on the last trading date prior to the date of exercise. 
 At any time prior to any person’s becoming an Acquiring Person, the Board of Directors may redeem the Rights in whole, but not in part, at a price
of $.001 per Right (the “Redemption Price”). Immediately upon the action of the Board of Directors ordering redemption of the Rights, the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption
Price. 
  

 C-3 

 At any time after a person becomes an Acquiring Person and prior to the acquisition by such Person of 50%
or more of the outstanding shares of Common Stock, the Board of Directors of the Company may exchange the Rights (other than Rights beneficially owned by such Person which have become void), in whole or part, at an exchange ratio of one share of
Common Stock per Right (subject to adjustment). The Company, at its option, may substitute one-thousandth (subject to adjustment) of a share of Preferred Stock (or other series of substantially similar preferred stock of the Company) for each share
of Common Stock to be exchanged. 
 Each share of Preferred Stock purchasable upon exercise of the Rights will have a minimum preferential
dividend of $10 per year, but will be entitled to receive, in the aggregate, a dividend of 1000 times the dividend declared on the shares of Common Stock. In the event of liquidation, the holders of the shares of Preferred Stock will be entitled to
receive a minimum liquidation payment of $10 per share, but will be entitled to receive an aggregate liquidation payment equal to 1000 times the payment made per share of Common Stock. Each share of Preferred Stock will have one thousand votes,
voting together with the shares of Common Stock. In the event of any merger, consolidation or other transaction in which shares of Common Stock are exchanged, each share of Preferred Stock will be entitled to receive 1000 times the amount and type
of consideration received per share of Common Stock. The rights of the shares of Preferred Stock as to dividends and liquidation, and in the event of mergers and consolidations, are protected by anti-dilution provisions. 
 Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, other than rights resulting from such
holder’s ownership of shares of Common Stock, including, without limitation, the right to vote or to receive dividends. While the distribution of the Rights will not be taxable to stockholders or to the Company, stockholders may, depending upon
the circumstances, recognize taxable income in the event that the Rights become exercisable for Common Stock (or other consideration) of the Company or for common stock of the acquiring company as set forth above. 
 Other than those provisions relating to the Redemption Price, any of the provisions of the Rights Agreement may be amended by the Board of Directors
prior to any person’s becoming an Acquiring Person. After such time, the provisions of the Rights Agreement may be amended by the Board of Directors in any manner which the Company may deem necessary or desirable; provided,
however, that no such amendment may (i) adversely affect the interests of the holders of Rights (other than an Acquiring Person or an affiliate of associate of an Acquiring Person), (ii) cause the Rights 

  

 C-4 

 
Agreement again to become amendable other than in accordance with the provisions of the Rights Agreement relating to its amendment, or
(iii) cause the Rights again to become redeemable at such time as the Rights are not redeemable. 
 A copy of the Rights
Agreement has been filed with the Securities and Exchange Commission as an Exhibit to the Company’s Registration Statement on Form 8-A dated
[                    ]. Copies of the Rights Agreement are available free of charge from the Company. This summary description of the Rights
does not purport to be complete and is qualified in its entirety by reference to the Rights Agreement, as it may be amended from time to time, which is hereby incorporated herein by reference. 
  

 C-5Form of Pine Chip Supply Agreement (Plymouth, North Carolina)

 Exhibit 10.3 
 PLYMOUTH PINE CHIP SUPPLY AGREEMENT 
 PINE CHIP SUPPLY AGREEMENT (this “Agreement”) made
this      day of                      2007, between WEYERHAEUSER COMPANY, a Washington corporation (hereinafter
referred to as “Weyerhaeuser”), and DOMTAR PAPER COMPANY, LLC, a Delaware limited liability company (hereinafter referred to as “Domtar”). 
 RECITALS 
  

	 	A.	Pursuant to an Amended and Restated Transaction Agreement dated as of
                    , 2007, Domtar will be conveyed, inter alia, certain assets located at Plymouth, North Carolina.

  

	 	B.	Weyerhaeuser has available for sale pine wood chips that it produces or will produce at its Plymouth, Greenville, and New Bern sawmills all located in North Carolina. Unless the
context otherwise requires, all references herein to “wood chips” or “chips”, will be deemed to refer to pine wood chips. 

  

	 	C.	Domtar requires or may require wood chips, and is desirous of purchasing wood chips produced by Weyerhaeuser at its Plymouth, Greenville, and New Bern sawmills for its kraft pulp
and paper mill situated in Plymouth, North Carolina. 

 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements hereafter contained, Domtar and Weyerhaeuser agree herein as follows: 

1. TERM, RENEWAL AND TERMINATION: 
 1.1 This Agreement shall be effective as of
                    , 2007 (the “Effective Date”), and shall remain in effect for five (5) years until
                    , 2012 (the “Initial Term”), provided the parties shall agree on the volumes and pricing on an annual
basis following the expiration of the first contract year. 
 1.2 This Agreement shall terminate automatically upon: 
  

	 	(i)	the bankruptcy of either party or the making of an assignment for the benefit of creditors, or the appointment of a trustee or receiver and manager or liquidator for such party or
for all or a substantial part of its property, or the commencement of bankruptcy, reorganization, arrangement, insolvency or similar proceedings by or against such party under the laws of any jurisdiction; 

	 	(ii)	the default of a party in performing a material obligation hereunder, provided that: (a) the other party shall have first given written notice of such default to the party in
default (a “Default Notice”), which Default Notice shall set out in reasonable detail the particulars of the default alleged, and (b) such default shall not have been remedied within 15 days of receipt thereof by the party in
default; or 

  

	 	(iii)	the mutual consent of the parties. 

 2. QUANTITIES:

 Subject to Section 8, Weyerhaeuser agrees to sell, and Domtar agrees to purchase wood chips delivered to the kraft pulp and paper
mill which Domtar owns at Plymouth, North Carolina (the “Mill”). Weyerhaeuser and Domtar agree the annual volume of wood chips will be approximately 350,000 tons plus or minus ten percent. Weyerhaeuser and Domtar recognize and
accept the approximate annual and monthly nature of this volume addresses variations in market conditions and manufacturing processes affecting both companies. Chip volume from Weyerhaeuser’s New Bern and Greenville sawmills will not exceed
16,000 tons annually without prior approval from Domtar. 
 3. SPECIFICATION AND QUALITY: 
 3.1 Wood chips sold hereunder shall be of a quality which is satisfactory for use in a kraft pulp mill of the type being operated by Domtar and shall meet
the wood chip specifications set forth in Exhibit “A”. Future changes to the chip specifications in Exhibit “A” will be agreed upon by both parties before implementation. 
 3.2 Weyerhaeuser will make statistically valid measurements and tests (sample audit) to validate that chip deliveries meet specifications and report
findings to Domtar on a monthly basis. If the sample audit determines the chips to be out of specification, Weyerhaeuser will report the action steps and timelines expected to correct the issue. Domtar will periodically review Weyerhaeuser’s
sample audit process for reliability and provide Weyerhaeuser recommendations for improvement. Domtar will make statistically valid measurements and tests as it, in its absolute discretion, deems necessary to determine the quantity and quality of
wood chips supplied by Weyerhaeuser. Domtar will communicate the results of the measurements and tests in a timely manner. 
 3.3 In
recognition that an individual trailer load or partial trailer load of chips that fails to conform to the specifications set forth in Exhibit “A” may cause Domtar unacceptable handling, production or quality problems, Domtar may
reject such loads not meeting the specifications in any manner Domtar chooses without holding such chips for Weyerhaeuser’s further inspection. Unless otherwise agreed, Domtar shall not pay Weyerhaeuser for any chips not meeting specifications
under the terms of Exhibit “A”. In the event a trailer load or partial trailer load of chips is 

 
found not to meet the chip specifications set forth in Exhibit “A”, Domtar shall have the right to refuse further deliveries of chips until
such time Domtar is satisfied that satisfactory steps have been taken by Weyerhaeuser to rectify the cause of the failure to meet the chip specifications. 
 4. WEIGHT DETERMINATION: 
 All wood chips delivered hereunder shall be weighed by Weyerhaeuser.
Weighing and basis for payment for truck delivered chips shall be by ton weight. A ton is 2,000 pounds. Weyerhaeuser will furnish individual weight tickets on each load delivered. Subject to Section 3.2, Weyerhaeuser agrees to regular and
routine audits of load weights to verify accuracy of weights. The audit loads will be weighed on Domtar’s certified scales. Both parties will accept any weight differences greater than 100 pounds discovered by the audit and the difference will
be applied to all loads received since the prior audit. 
 5. DELIVERY: 
 All wood chips shall be delivered by Weyerhaeuser in approximately equal monthly instalments and as near as possible at uniform daily rates, subject to
alternative delivery schedules as Domtar and Weyerhaeuser may from time to time agree upon in writing so as to accommodate, where possible, the other party’s production schedules, and subject, where possible, to any plant shutdowns incurred by
either party. Delivery shall take place at the Mill’s chip truck dumper. 
 6. TITLE AND RISK
OF LOSS: 
 All chips to be supplied by Weyerhaeuser under this Agreement shall be supplied free and clear
of any and all prior claims, security interests, mortgages, liens, charges or any other encumbrances whatsoever. Title to, all rights of property in, and all risks of loss or damage or destruction to the chips shall pass to Domtar upon delivery to
the Mill’s chip truck dumper. 
 7. PRICE, PAYMENT AND PRICE
DETERMINATION: 
 7.1 The initial delivered price for chips is identified in Exhibit “B”. All prices are
exclusive of sales and any other taxes applicable to the sale of chips under this Agreement. 
 7.2 Domtar shall pay for wood chips delivered
as specified hereunder within fifteen (15) days from the last day of the week in which deliveries were made. 
 7.3 Each party shall
maintain detailed records of: (i) all measurements and tests made by it pursuant to this Agreement, and (ii) all costs incurred by it for which it is, pursuant to this Agreement, entitled to be reimbursed in whole or in 

 
part by the other party. Each party shall make such records available to the other party for inspection at all reasonable times at the expense of the party
making the request for an inspection. 
 8. FORCE MAJEURE: 
 The duties of either party hereunder shall be excused to the extent and for the period of time necessitated by the occurrence of any fire, flood,
earthquake, other natural disaster, labor dispute, market curtailment, war, direct act or intervention of any government or subdivision thereof, or other event of force majeure beyond the control of any party. The affected party invoking this
provision shall promptly notify the other party in writing of the nature and estimated duration of the suspension period, and shall exercise all reasonable diligence in curing such condition, except in cases where such suspension is of a permanent
nature and such condition is not curable as a result. The party unable to obtain performance by reason of force majeure shall be free to deal with third parties, provided it acts in a manner not inconsistent with its obligations under this
Agreement. 
 9. DISPUTE RESOLUTION: 
 9.1 Any issue, dispute or controversy arising pursuant to this Agreement (a “Dispute”) shall be settled in the following manner. Upon written request of either party, the representatives of Domtar and
of Weyerhaeuser shall promptly confer and exert their commercially reasonable efforts without the necessity of any formal proceeding related thereto to reach a reasonable and equitable resolution of such Dispute. If such representatives are unable
to resolve such Dispute within ten (10) business days, the Dispute shall be referred to the responsible senior management of each party for resolution. Neither party shall seek any other means of resolving any Dispute arising in connection with
this Agreement until both parties’ responsible senior management have had at least five (5) business days to resolve the Dispute following its referral to them. 
 9.2 If the Dispute cannot be resolved by senior management, then the Dispute shall be submitted to binding arbitration. If arbitration is required, the arbitration proceedings shall be administered by the American
Arbitration Association (the “AAA”) or such other administrator as the parties shall mutually agree, and conducted in accordance with the AAA Commercial Arbitration Rules. Judgment upon any award rendered in arbitration may be entered in
any court having competent jurisdiction. The arbitration shall be conducted at a location in the State of North Carolina selected by the AAA or other administrator. 
 10. WARRANTY; INDEMNITY AND LIMITATION OF LIABILITY: 
 10.1 Weyerhaeuser warrants to Domtar that Weyerhaeuser has good, clear and unencumbered title to the chips sold hereunder and has the full lawful right to
sell said chips. Weyerhaeuser further warrants that each delivery of chips shall meet 

 
the specifications contained in Exhibit “A”. Weyerhaeuser’s obligation under this warranty is limited to the replacement of the
defective portion of the shipment with chips that meet the specifications set forth in Exhibit “A”. THIS WARRANTY IS EXPRESSLY IN LIEU OF ALL OTHER WARRANTIES EXPRESSED OR IMPLIED, INCLUDING MERCHANTABILITY, AND ALL OTHER
OBLIGATIONS OR LIABILITIES ARISING OUT OF WEYEHAEUSER’S FAILURE TO MEET SAID SPECIFICATIONS, INCLUDING LIABILITIES ARISING FROM CLAIMS OF CONTRACT OR TORT. 
 10.2 Each party agrees to indemnify and hold harmless the other party from and against all claims, liabilities and expense (including reasonable attorney’s fees) arising out of the manufacture, sale, purchase and
use of the chips which are proximately caused by the negligence or wilful misconduct of the indemnifying party. 
 10.3 In no event will
either party be liable to the other for any special, incidental or consequential damages (including, without limiting the generality of the foregoing, or punitive damages), regardless of whether the party knows or should have known of the
possibility of such damages being incurred by the aggrieved party. 
 11. ASSIGNMENT: 
 No attempted assignment of this Agreement, whole or in part, by operation of law or otherwise, shall have any force or effect whatsoever without the prior
written consent of the other party. In the event of the sale or other form of transfer of all or substantially all of the assets composing Weyerhaeuser’s Plymouth sawmill, such sale or transfer shall not be completed by Weyerhaeuser unless this
Agreement is assigned by Weyerhaeuser to the purchaser of Weyerhaeuser’s Plymouth sawmill and such purchaser undertakes in writing to Domtar to be bound by each of the terms hereof as if it was an original party to this Agreement. In the event
that such measures are complied with, Weyerhaeuser shall be released from any ongoing obligations hereunder as and from the date of transfer of such assets. In the event of the sale or other form of transfer of all or substantially all of the assets
composing the Mill, such sale or transfer shall not be completed by Domtar unless this Agreement is assigned by Domtar to the purchaser of the Mill and such purchaser undertakes in writing to Weyerhaeuser to be bound by each of the terms hereof as
if it was an original party to this Agreement. In the event that such measures are complied with, Domtar shall be released from any ongoing obligations hereunder as and from the date of transfer of such assets. 
 12. NOTICES: 
 Any notice, consent,
approval, authorization, waiver or permission hereunder shall be ineffective unless in writing, signed by a representative of the sender authorized to do so by an officer of the sender, and shall be deemed given only when delivered in person to an
officer of the addressee or when transmitted by facsimile (provided confirmation is sent by mail within 1 business day) or upon receipt when such notice was sent by mail. 

 
The term “sent by mail” shall mean deposited in the mail, registered or certified mail return receipt requested, postage prepaid, addressed to the
receiving party at the address and to the attention of the person below or such other address or person as the receiving party may notify the other: 
  

			
	To Weyerhaeuser:	  	Weyerhaeuser Company
		  	P.O. Box 787
		  	Plymouth, NC 27962
		  	Attention: Sawmill Manager
		  	Facsimile: (252) 793-
		
	To Domtar:	  	Domtar Paper Company, LLC
		  	P.O. Box 747
		  	Plymouth, NC 27962
		  	Attention: Raw Material Supply Manager
		  	Facsimile: (252) 793-8164

 13. INTERPRETATION: 
 The laws of the State of North Carolina shall govern all aspects of this Agreement, including its validity, interpretation, performance, operation and
enforcement. It is the intent of the parties that this Agreement be the binding and enforceable obligation of each party and be interpreted as aforesaid from and after the date of execution hereof. 
 14. COMPLIANCE WITH LAWS: 
 Weyerhaeuser agrees to comply with all applicable federal, state, and local laws, rules, and regulations, including, but not limited to, the Fair Labor Standards Act, Social Security Act, Occupational Safety and
Health Act, unemployment compensation laws, Worker’s Compensation laws, Department of Transportation regulations, and Weyerhaeuser specifically agrees to indemnify and hold Domtar harmless from any claims, liabilities or expenses arising out of
the violation of any such laws, rules and regulations by Weyerhaeuser its officers, agents, employees and/or contractors. 
 15.
SUBCONTRACTORS: 
 Weyerhaeuser shall assure that each subcontractor shall agree with Weyerhaeuser to be bound to
Weyerhaeuser by the terms of this Agreement relevant to the portion of the work to be performed by such subcontractor and to assume toward Weyerhaeuser such obligations and responsibilities that will insure that no arrangement or agreement with any
subcontractor is inconsistent with this Agreement or adversely affects Domtar’s exercise of its rights hereunder. Weyerhaeuser agrees that it is fully responsible to Domtar for the acts and omissions of its subcontractors and of persons
directly or indirectly employed by them. Nothing contained herein shall create any contractual relations between Domtar and any subcontractor or alter such subcontractor’s status as an independent contractor. 

 16. INSURANCE 
 During the performance of this Agreement, Weyerhaeuser shall maintain and keep in force, at its own expense, the following insurance coverage’s and minimum limits: 
  

	 	a.	Worker’s Compensation or Industrial Accident as required by law, including employer’s liability with minimum limit of $100,000 per accident. 

  

	 	b.	Comprehensive or Commercial General Liability (Occurrence form), including contractual and completed operations, with minimum limits of $500,000 per occurrence and $1,000,000
general aggregate. 

  

	 	c.	Comprehensive Automobile Liability Insurance, covering owned, non-owned, hired and other vehicles, with minimum limits of $1,000,000 for bodily injury, death and property damage
each or per occurrence. 

 All such policies of insurance shall not be cancelled nor the coverage modified nor the limits
changed without first giving thirty (30) days prior written notice thereof to Domtar. No such cancellation, modification or change shall affect Weyerhaeuser’s obligation to maintain the insurance coverages required by this Agreement.
Except for Workers’ Compensation Insurance, Domtar shall be named as an Additional Insured on all such required policies. All liability insurance policies shall be written on an “occurrence” policy form and by insurance companies
acceptable to Domtar. Weyerhaeuser shall be responsible for payment of any and all deductibles from insured claims under its policies. The coverage afforded under any insurance policy obtained by Weyerhaeuser pursuant to this Section 16 shall
be primary coverage regardless of whether or not Domtar has similar coverage. Weyerhaeuser shall not perform any work under this Agreement unless and until evidence of such insurance, including renewals thereof, has been delivered to and approved by
Domtar. Weyerhaeuser shall not self-insure any of the insurance coverages required by this Agreement without the prior written consent of Domtar. The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary
and excess or umbrella insurance policies. The maintenance of this insurance shall not in any way operate to limit the liability of Weyerhaeuser to Domtar under this Agreement. 
 17. INTEGRATION AND PREVIOUS AGREEMENTS: 
 This Agreement supersedes all prior agreements and communications and shall not be altered by either party except by consent of both parties in writing executed by their duly authorized representatives. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above mentioned. 
  

									
	WEYERHAEUSER COMPANY	 		 	DOMTAR PAPER COMPANY, LLC
					
	By:	 	  
	 		 	By:	 	  

					
	Its:	 	  
	 		 	Its:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]