EXHIBIT 10.24
[letterhead of Norske Xxxx Canada Limited]
October 3, 0000
XXX Xxxxxx Ltd.
TimberWest Forest Company
2300 - 0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx Xxxxxxxx
X0X 0X0
ATTENTION: Xxxx Xxxxxx
Vice President Log Marketing and Sales
Re: Chip and Pulplog Supply Agreement
We refer to the Chip and Pulplog Supply Agreement (the "Agreement") made as of
June 23, 1997 between 3264891 Canada Limited and 3264912 Canada Limited
(predecessors to Norske Xxxx Canada Pulp Operations Limited) and TimberWest
Forest Limited (now TFL Forest Ltd.) as amended by an agreement dated January 1,
1999 under which TimberWest Forest Company became a party to the Agreement.
We understand that the proposed sale of the Queen Charlotte Island portion of
TFL 47, FL16870, TL T0184, TL T0207, and TL T 0253 (the "Tenures") will not
occur at this time but that X.X. Xxxxx Timber Limited ("Xxxxx") will be carrying
out the Queen Charlotte Island operation on your behalf under a contractual
arrangement with you. We would accordingly ask that you confirm the following:
1. Xxxxx is obligated to carry out that operation in such a manner that
pulplogs will be delivered to us from the Tenures in accordance with your
obligations under the Agreement; and
2. we should pay the purchase prices for those pulplogs in accordance with the
Agreement directly to Xxxxx until such time as you direct us otherwise in
writing.
If you should subsequently transfer the Tenures to Xxxxx we confirm that the
requirements of Section 14.1 of the Agreement would be satisfied in connection
with that transfer as long as Xxxxx enters into a pulplog supply agreement with
us in respect of the Tenures effective the date of the transfer which is
consistent with your pulplog supply obligations to us under the Agreement.
2
This Agreement, as amended to the date of this letter, remains in full force and
effect.
Please confirm your agreement with the above by signing and returning the
enclosed copy of this letter.
Yours very truly,
NORSKE XXXX CANADA PULP OPERATIONS LIMITED
Per: /s/ Authorized Signatory
------------------------------------
Confirmed and agreed this 20th day of October, 2002
TFL FOREST LTD.
Per: /s/ Authorized Signatory
------------------------------------
TIMBERWEST FOREST CORP.
on its own behalf and on behalf of
TIMBERWEST FOREST COMPANY
Per: _____________________________
