0001157523-04-002572 Sample Contracts

Contract
Timberland Purchase and Sale Agreement • March 23rd, 2004 • Pope Resources LTD Partnership • Forestry • Washington

TIMBERLAND PURCHASE AND SALE AGREEMENT FOR THE MORTON, LEWIS COUNTY, WASHINGTON TIMBERLANDS THIS AGREEMENT is made and entered into this ___ day of December, 2003, by and among PLUM CREEK TIMBERLANDS, L.P., a Delaware limited partnership, as successor by merger to Plum Creek Timber Company, L.P., a Delaware limited partnership (“Seller”) whose address is 999 Third Avenue, Suite 4300, Seattle, Washington 98104, and POPE RESOURCES, A Delaware Limited Partnership whose address is 19245 Tenth Avenue Northeast, Poulsbo, Washington 98370-0239 (“Purchaser”). Purchaser desires to purchase from Seller and Seller desires to sell to Purchaser approximately 3,297 acres of timberland and associated property and assets located in the State of Washington, known as the Morton, Lewis County, Washington Timberlands. In consideration of the mutual covenants set forth in this Agreement, the receipt and sufficiency of which are acknowledged, and subject to all terms of this Agreement, the parties agree as

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Contract
Property Purchase Agreement • March 23rd, 2004 • Pope Resources LTD Partnership • Forestry • Washington

Exhibit 10.70 PROPERTY PURCHASE AGREEMENT OPG to Costco Peacock Hill, Gig Harbor, Washington THIS PROPERTY PURCHASE AGREEMENT (“Agreement”), dated for reference purposes only as of December 22, 2003, is made by and between OPG PROPERTIES LLC, a Washington limited liability company (“Seller”), and COSTCO WHOLESALE CORPORATION, a Washington corporation (“Purchaser”), and is effective as of the Effective Date (see Section 26 below). To provide for the purchase and sale of the property herein described, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Purchaser and Seller agree as follows: 1. PROPERTY TO BE CONVEYED.

Contract
Employment Agreement • March 23rd, 2004 • Pope Resources LTD Partnership • Forestry • Washington

Exhibit 10.72 EMPLOYMENT AGREEMENT Between Olympic Resource Management LLC and John T. Shea The purpose of this Agreement is to confirm the terms of the employment relationship between Olympic Resource Management LLC, a Washington Limited Liability Company, (hereinafter referred to as “the Company”), and John T. Shea (hereinafter referred to as the “Executive”). 1. Term of Agreement. Company and Executive agree that the Executive will be employed by the Company for a term of three (3) years beginning January 1, 2003 (the “Effective Date”), unless employment is sooner terminated as provided herein. 2. Position and Duties. Company and Executive agree that Executive will be employed as Director of Business Development of Employer. It is understood that from time to time Executive may be assigned other duties in addition to those described above that are generally consistent with those of a senior manager, and that Executive’s responsibilities may be modified or expanded at any time by the

Contract
Employment Agreement • March 23rd, 2004 • Pope Resources LTD Partnership • Forestry • Washington

Exhibit 10.71 EMPLOYMENT AGREEMENT Between Pope Resources, A Delaware Limited Partnership and Thomas M. Ringo The purpose of this Agreement is to confirm the terms of the employment relationship between Pope Resources, A Delaware Limited Partnership (hereinafter referred to as “the Company”), and Thomas M. Ringo (hereinafter referred to as the “Executive”). 1. Term of Agreement. Company and Executive agree that the Executive will be employed by the Company for a term of three (3) years beginning January 1, 2003 (the “Effective Date”), unless employment is sooner terminated as provided herein. 2. Position and Duties. Company and Executive agree that Executive will be employed as Vice President and Chief Financial Officer of Employer, and shall report to the Chief Executive Officer. Executive’s responsibilities and duties shall include management and control of the Company’s financial affairs, records, and accounting and shall further include such other managerial responsibilities and ex

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