SECOND AMENDMENT TO MASTER TIMBER MANAGEMENT AGREEMENT
Exhibit 10.9
SECOND
AMENDMENT TO
MASTER TIMBER MANAGEMENT AGREEMENT
(Western Operations)
THIS SECOND AMENDMENT (the “Amendment”) is dated as of the 9th day of February 2000 by and between ▇▇▇▇▇▇▇ NATURAL RESOURCE GROUP, INC., a Delaware corporation (hereinafter referred to as “HNRGI” or the “Client”), and OLYMPIC RESOURCE MANAGEMENT LLC, a Washington limited liability company (hereinafter referred to as “Manager”). Capitalized terms not otherwise defined in this Amendment shall have the meanings given in the Master Timber Management Agreement (Western Operations) effective as of January 1, 1998, by and between Client and Manager, as amended by a First Amendment to Master Timber Management Agreement dated as of July 26, 1999, collectively the “Master Agreement.”
WHEREAS, the parties wish to further amend the Master Agreement with respect to matters from and after February 9, 2000, all as set forth herein.
NOW, THEREFORE, the parties agree as follows:
1. Property Management Service Fee. Exhibit 2A of the Master Agreement is hereby replaced by Exhibit 2A to this Amendment. This replacement is effective as of February 9, 2000.
2. Miscellaneous. This Amendment and all exhibits and schedules hereto constitute an integral part of the Master Agreement. Except as expressly amended by this Amendment, the Master Agreement shall remain in full force and effect.
|
CLIENT: |
|
MANAGER: |
||
|
|
|
|
||
|
▇▇▇▇▇▇▇ NATURAL RESOURCE GROUP, INC. |
|
OLYMPIC RESOURCE MANAGEMENT LLC |
||
|
|
|
|
||
|
By: |
/s/ Unreadable |
|
By: |
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇ |
|
|
|
|
||
|
Its: |
Vice President |
|
Its: |
President & CEO |
|
|
|
|
||
|
Date: |
5/4/00 |
|
Date: |
April 14, 2000 |
1
EXHIBIT 2A
TO SECOND AMENDMENT
Property Management Service Fee
|
State |
|
Property |
|
Acreage |
|
Base Rate $/Acre Fee |
|
California |
|
▇▇▇▇▇▇▇ |
|
39,208 |
|
[Confidential Treatment for the omitted material contained in the entire column has been requested and has been filed separately with the Securities and Exchange Commission] |
|
|
|
|
|
|
|
|
|
Oregon |
|
▇▇▇▇▇▇ CREEK |
|
6,406 |
|
|
|
Oregon |
|
DEER CREEK |
|
13,133 |
|
|
|
Oregon |
|
HERSHEY |
|
5,014 |
|
|
|
Oregon |
|
NICOLAI |
|
5,524 |
|
|
|
Oregon |
|
PEBBLE CREEK |
|
15,203 |
|
|
|
Oregon |
|
SCAPPOSE |
|
10,906 |
|
|
|
Oregon |
|
ST. HELENS |
|
4,734 |
|
|
|
Oregon |
|
UMPQUA |
|
19,297 |
|
|
|
Oregon |
|
WILARK |
|
7,774 |
|
|
|
Oregon |
|
▇▇▇▇▇▇ RIVER |
|
13,372 |
|
|
|
|
|
|
|
|
|
|
|
Washington |
|
GOLD BAR |
|
6,076 |
|
|
|
Washington |
|
MONROE |
|
6,982 |
|
|
|
Washington |
|
SKYKOMISH |
|
6,330 |
|
|
|
Washington |
|
WISHKAH |
|
20,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
180,376 |
|
|
Contract term for these properties: three (3) years beginning 1/1/98 and ending on 12/31/2000.
2