0001104659-11-003359 Sample Contracts

STRATEGIC BUSINESS AGREEMENT between OJI PAPER CO., LTD. and VOTORANTIM CELULOSE E PAPEL S.A. Dated as of August 6th, 2007
Strategic Business Agreement • January 27th, 2011 • Fibria Celulose S.A. • Paper mills • New York

This STRATEGIC BUSINESS AGREEMENT (the “Agreement”) is made as of August 6, 2007 by and between OJI PAPER CO., LTD., a Japanese corporation having its registered office at 7-5, Ginza 4-Chome, Chuo-ku, Tokyo, 104-0061, Japan (“Oji”) and VOTORANTIM CELULOSE E PAPEL S.A., a Brazilian corporation having its registered office at Alameda Santos, 1357, 6th floor, Cerqueira Cesar, 01419-908, Sao Paulo, SP, Brazil, registered at CNPJ under No 60.643.228-0001-21 (“VCP”)

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INVESTMENT AGREEMENT
Investment Agreement • January 27th, 2011 • Fibria Celulose S.A. • Paper mills

WHEREAS VCP, through its wholly-owned subsidiary Newark Financial Inc., a company existing according to the laws of the British Virgin Islands, is the indirect owner of one hundred and twenty-seven million, five hundred and six thousand, four hundred and fifty-seven (127,506,457) common shares issued by ARACRUZ CELULOSE S.A., a publicly-held company with its principal place of business in the City of Aracruz, State of Espírito Santo, at Barra do Riacho, no number, km 25, enrolled with the National Corporate Taxpayers Register of the Ministry of Finance under CNPJ/MF No. 42.157.511/0001-61 (“ARACRUZ”), representing approximately twenty-eight point zero three percent (28.03%) of the voting capital of ARACRUZ;

JOINT VENTURE AGREEMENT
Joint Venture Agreement • January 27th, 2011 • Fibria Celulose S.A. • Paper mills

WHEREAS, Ahlstrom is engaged in the development, manufacturing and marketing of high performance fiber-based materials, such as specialty papers and nonwovens;

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