EXHIBIT 10.9C
April 22, 1996
Bear Island Paper Company
Xxxxx 000
Xxxxxxx, Xxxxxxxx 00000
Dear Sirs:
This Agreement will confirm that the newsprint purchase
contract between Bear Island and The Washington Post dated May
19, 1978, and amended on April 1, 1987, December 10, 1991, and
August 10, 1993, is further amended for the period January 1,
1996, through December 31, 1996, as follows:
In the first sentence of Section 3, the words "January 1,
1993," shall be deleted, and the words "January 1, 1996" shall be
substituted in place thereof.
The third paragraph of Section 3(a) ("In each January . . .
amount of such excess") shall be deleted, and the following
paragraph shall be substituted in place thereof:
In each January Bear Island will determine the actual
Partners' Price for each quarter of the immediately preceding
calendar year. If the actual Partners' Price for any such
quarter exceeded the estimates thereof paid by Dow Xxxxx
during such quarter, Dow Xxxxx'x account will be debited by
the amount of such excess; on the other hand, if such
estimates of the Partners' Price for any such quarter exceeded
the actual Partners' Price for such quarter, Dow Xxxxx'x
account will be credited by the amount of such excess.
Section 3(d) ("'Partners' Price' means . . . subsection (e)
below") shall be deleted, and the following subsection shall be
substituted in place thereof:
(d) "Partners' Price" means, for any calendar quarter, the
average of the Average Net Transaction Price of The Washington
Post and Dow Xxxxx, weighted equally, for newsprint purchased
by each of them during such quarter. Prices will be adjusted
for basis weight as set forth in subsection (e) below.
In all other respects, the contract shall remain the same.
Bear Island Paper Company
April 22, 1996
Page 2
If the foregoing accurately reflects our agreement, please
execute this letter agreement in the space provided below.
Very truly yours,
THE WASHINGTON POST
By: /s/ Boisfeuillet Xxxxx Jr.
_____________________________
Name: Boisfeuillet Xxxxx Jr.
Accepted and agreed upon: Accepted and agreed upon for
purposes of providing and verifying
BEAR ISLAND PAPER COMPANY past prices:
By: Xxxxx-Xxxxx Industries, Inc. DOW XXXXX & COMPANY, Inc.
General Partner
By: /s/ Xxxxxx X. Xxxxxxxx By: /s/ Xxxxx X. Xxxxx
________________________ __________________________
Name: Xxxxxx X. Xxxxxxxx Name: Xxxxx X. Xxxxx
