TERM SHEET – NJDEP & NEWCOApril 3rd, 2008
FiledApril 3rd, 2008After a series of meetings and telephone discussions between and among various entities involved in attempting to resolve NJDEP’s positions concerning Marcal Paper Mills, Inc. (“Marcal”), NJDEP and the purchaser under that certain Asset Purchaser Agreement (the “Asset Purchase Agreement”) entered into as of November 5, 2007, between Marcal and the Proposed Purchaser (hereinafter, “Newco”) agree to the following terms: