Exhibit 10.69
CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION.
ASTERISKS (*) DENOTE SUCH OMISSIONS
SUPPLEMENTAL
AGREEMENT # 5
to Contract # 11-21-01
dated November 27, 2000
Khabarovsk January 15, 2002
Closed Joint-Stock Company "Forest-Starma", a legal entity, organized and
existing under the laws of the Russian Federation, (hereinafter referred to as
the Seller), in the person of Xx. Xxxxx X.Xxxxxxx, General Director, and Mr.
X.X.Xxxxxxxxx, First Deputy General Director, on the one side, and Rayonier,
Inc., USA, (hereinafter referred to as the Buyer), in the person of Xx. Xxxxxx
X.Xxxxxxx, Director Operations, have entered into the present Supplemental
Agreement to Contract # 11-21-01 dated November 27, 2000, including all its
revisions and individual addenda:
1. In addition to the volume specified in section 1 "Subject of the
Contract", the Seller agrees to sell, and the Buyer agrees to buy, on
the terms contained in the above mentioned Contract and all individual
addenda to the Contract, logs produced by the Seller in the volume of
*** cubic meters +/- 10%. The approximate value of this volume of
exported logs is 2.000.000 USD.
2. Section 2.2 "Delivery" shall be revised to state as follows:
The round logs produced under the present Contract must be delivered
FOB vessel during the period of January 1, 2001 - March 1, 2002.
3. The other terms of the Contract remain without change.
4. Present Supplemental Agreement # 5 have been made in two (2) original
copies in Russian and English, each of which shall have equal legal
force. Both original and faxed signatures of the duly authorized
representatives of the Parties shall be recognized as having equal
legal force with regard to the execution of this Contract.
The present Agreement is signed and enters into force on January 15, 2002.
SELLER:
/s/ Xxxxx X. Xxxxxxx
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Xxxxx X.Xxxxxxx
General Director
/s/ V. A. Limarenko
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Limarenko V.A.
First Deputy General Director
BUYER:
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X.Xxxxxxx
Operations Director