AMENDMENT OF AMENDING AGREEMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT THIS AMENDING AGREEMENT is dated as of the 16th day of December, 2005Credit Agreement • March 31st, 2006 • Pope & Talbot Inc /De/ • Pulp mills • British Columbia
NOW THEREFORE THIS AGREEMENT WITNESSES that, for good and valuable consideration (the receipt and sufficiency of which are acknowledged by all parties), the parties covenant and agree as follows:
WAIVER AND AMENDMENT AGREEMENTWaiver and Amendment Agreement • March 31st, 2006 • Pope & Talbot Inc /De/ • Pulp mills • British Columbia
THIS AGREEMENT dated as of March 29, 2006 is entered into by and among Pope & Talbot Ltd. (“Pope & Talbot Canada”) and P&T Factoring Limited Partnership, each in its capacity as a Borrower and as a Guarantor in respect of the obligations of the other Borrower, Mackenzie Pulp Land Ltd. and P&T Finance Two Limited Partnership, each in its capacity as a Guarantor of the obligations of both Borrowers, and The Toronto-Dominion Bank, as Administration Agent (the “Agent”), in its capacity as the Administration Agent for and on behalf of the Lenders under the Credit Agreement (as defined below).
