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ASSIGNMENT OF TIMBER TENURES ‘L \ _ ~ *-. /THIS Assignment made the 29th day of July 1993. '., BETWEEN : CANADIAN PACIFIC FOREST PRODUCTS LIMITED, a Canadian corporation with its principal office at 1155 Metcalfe Street, Montreal, Quhbec, H3B 2X1 (hereinafter called "CP Forest") AND: PACIFIC FOREST PRODUCTS LIMITED, a British Columbia company with registered and records offices at 3000 - 1055 West Georgia Street, Vancouver, British Columbia, V6E 3R3 (hereinafter called @lPacificgl) WHEREAS: A. CP Forest and Pacific are parties to an Asset Purchase Agreement made the 16th day of July 1993 (the "Asset Purchase Agreement"); B. CP Forest is a party to and has the benefit of a tree farm license and certain forest licenses, timber licenses, cutting permits, special use permits and road permits, and the timber marks related thereto entered into or issued pursuant to the Forest Act (British Columbia) as described in Schedule 'tA@q attached hereto (the "Timber Tenures@@); CL Pursuant to the terms of the Asset Purchase Agreement, CP Forest has agreed to assign to Pacific the Timber Tenures. NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of mutual covenants contained herein and other good and valuable consideration the parties covenant and agree as follows: 1. CP Forest hereby assigns to Pacific all its right, title and interest in and to the Timber Tenures. 2. provisions This Assignment is made pursuant to and subject to the of the Asset Purchase Agreement. 3. This Assignment will take effect as of 12~01 a.m. on July 2% 1993 (the @'Effective Time"). BHTl\JPG\T5646.

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  • ASSIGNMENT OF TIMBER TENURES

    ‘L \ _ ~ *-. /THIS Assignment made the 29th day of July 1993. '.,

    BETWEEN :

    CANADIAN PACIFIC FOREST PRODUCTS LIMITED, a Canadian corporation with its principal office at 1155 Metcalfe Street, Montreal, Quhbec, H3B 2X1

    (hereinafter called "CP Forest")

    AND:

    PACIFIC FOREST PRODUCTS LIMITED, a British Columbia company with registered and records offices at 3000 - 1055 West Georgia Street, Vancouver, British Columbia, V6E 3R3

    (hereinafter called @lPacificgl)

    WHEREAS:

    A. CP Forest and Pacific are parties to an Asset Purchase Agreement made the 16th day of July 1993 (the "Asset Purchase Agreement");

    B. CP Forest is a party to and has the benefit of a tree farm license and certain forest licenses, timber licenses, cutting permits, special use permits and road permits, and the timber marks related thereto entered into or issued pursuant to the Forest Act (British Columbia) as described in Schedule 'tA@q attached hereto (the "Timber Tenures@@);

    CL Pursuant to the terms of the Asset Purchase Agreement, CP Forest has agreed to assign to Pacific the Timber Tenures.

    NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of mutual covenants contained herein and other good and valuable consideration the parties covenant and agree as follows:

    1. CP Forest hereby assigns to Pacific all its right, title and interest in and to the Timber Tenures.

    2. provisions

    This Assignment is made pursuant to and subject to the of the Asset Purchase Agreement.

    3. This Assignment will take effect as of 12~01 a.m. on July 2% 1993 (the @'Effective Time").

    BHTl\JPG\T5646.

  • 4. Pacific covenants and agrees to assume all obligations of CP Forest under the Timber Tenures and to observe and comply with, and indemnify CP Forest against, all covenants and agreements of the licensee or permittee under each of the Timber Tenures. F " f 5. If the consent of any third party is required to assign any of the Timber Tenures, without it being subject to cancellation, this Assignment will not be effective to assign that Timber Tenure until the required consent has been granted.

    6. This Assignment will enure tos'the benefit of and be binding on the parties and their respective successors and assigns.

    7. This Assignment is to be interpreted in accordance with the laws of the Province of British Columbia.

    8. Each party will execute and deliver such further agreements dnd other documents and do such further acts and things as either party reasonably requests to evidence, carry over or give full force and effect to the intent of this Assignment.

    IN WITNESS WHEREOF CP Forest and Pacific have executed this Assignment as of the date and year first above written.

    CmADIAN PACIFIC FOREST PRODUCTS LIMITED

    Per:

    PACIFIC FOREST PRODUCTS LIMITED

    Per:

    8HTl\bPG\73&6.

  • Timber agreements

    Part 1 Tree Farm Licence

    1. Tree Farm Licence No. 19

    Part 2, Forest Licences

    1. Forest Licence No. Al6847

    2, Forest Licence No. A19216

    3. Forest Licence No. Al9228

    4. Forest Licence No. Al9231

    5, Forest Licence No. A19205

    Part 3 Timber Licences

    1.

    2.

    3,

    4.

    5.

    6.

    7*

    8.

    9.

    Western Woodlands Division

    Timber Licence Na. TO178

    Timber Licence No. TO286

    Timber Licence No. TO349

    Timber Licence No. TO353

    Timber Licence No. TO362 . .

    Timber Licence No, TO376

    Timber Licence No. TO801

    Timber Licence No. T0844-

    Timber Licence No. TO835

    10. Timber Licence No. TO892

    11. Timber Licence No. TO893

    x2. Timber Licence No. TO381

    Cowichan Woodlands Division

    13, Timber Licence No. TO277

    8HTl\JPG\73646.

  • e I ,

    1 l l

    t . -2. 1 ' E < t 14, Timber Licence No. TO295

    15. Timber Licence No. TO830

    TFL 19 Timber Licences

    16. Timber Licence No. TO378

    17. Timber Licence No. TO409

    18. %%ber Licence No. TO435

    ' 19. Timber Licence No. TO450

    20. Timber Licence No. TO472

    21. Timber Licence No. TO484

    22. Timber Liceke No. TO495

    23, Timber Licence No. TO512

    24,

    25.

    26.

    27.

    28.

    29,

    30.

    31.

    32.

    33.

    34.

    35.

    Timber Licence No, TO536

    Timber Licence No. TO543

    Timber Licence No. TO559

    Timber Licence No. TO571

    Timber Licence No. TO582

    Timber Licence No. TO593

    Timber Licence No. TO609

    Timber Licence No. TO627

    Timber Licence No, TO638

    Timber Licence No. TO679

    Timber Licence No. TO850

    Timber Licence No. TO397

    will \JPG\73&6 I

  • I L 1

    . I

    6 .

    CI 1 -3- ‘

    Part 4 Cuttins Permits and Timber-Marks I" I i The cutting permits and timber marks shown on the

    attached list are to be assigned pursuant to this Assignment.

    BtiTl\JPC\?%h

  • Canadian Pacific Forest

    TREE FARM LlCENCE 19 Active Cutting Permits

    clpl

    1

    2

    5

    6

    8

    9

    12

    13

    14

    15

    16

    17

    Timber ticences Inside TFL 19

    TO378

    TO397

    TO409

    i-0435

    TO450

    TO472

    TO484

    TO495

    TO512

    TO536

    TO543

    TO559

    I-0571

    “Jimber MarkIs

    19/l

    1 s/2

    1915

    19/6

    1 S/8

    19/g

    191t2

    19113

    IS/14

    19/n . ’

    W/16

    19/17 -

    TO/378 Muchafat Arm

    HZ./063 Muchalat Arm

    TO/409 Burman River

    HZ/Q3 1 ’ Burrnan River

    HZ/089 Muchalat Arm

    TO1472 Ucona River

    TO1484 Muchalat

    HUOOS Gold River

    HZ1043 Wupana Inlet

    Hzl08 1 Tlupana lntet

    HZ/O24 Tlupana Inlet

    TO/559 Tlupana Inlet

    I-W048 Tahsis Canal

    Jdxation

    Gold River

    McCurdy Creek

    . Pierce

    West Tahsis

    Head Bay

    Tsawwin

    Zeballos

    klouston’ -*

    NesookKonuma

    Kleeptee

    McCurdy

    Hoiss

    c

  • 5-

    TREE FARM LICENCE 19

    Timber Licences inside TFL 19 (Cont’d)

    TO582

    TO593

    TO/582

    HZ/054

    TSOWW~ River

    Tahsis Canal

    TO609 TO/609 Tahsis

    TO627

    TO638

    HZ/O68

    TO/638

    TO679 HZ/O29 l

    l-0850+ TO1850

    Zeballos River

    Nomash River

    Espinosa Arm

    Twaddle Lake .

    * New TL established in 1984 resulting from TL trade

    Timber Licences Outside TFt 19

    l-0178

    TO286

    TO349

    TO353

    TO362

    -TO376

    TO381

    l-0801

    TO835

    l-0844

    TO892

    TO893

    TAO/l 78

    TAO/286

    TAO/349

    TAW353

    TAO1362

    TAO/376 .

    TAO/381

    TAO/801

    TAO/835 TED1835

    TAO/844

    TAO1892

    TAO1893

    Kashutl River

    Kaouk River

    Zebalos Inlet (Giaco~

    Oktwanch

    Kendrick

    8lowhofe

    BIigh island (Tiupana)

    Port Elira

    Port Eliza

    Gold Cake

    Plumper

    Kaouk River

  • P -

    -6-

    Canadian Pacific Forest Products Limited

    Western WOOdlandg

    FORES7 LlCENCE A19231 Active Cutting Permits

    L!L

    23

    24

    27

    30

    31

    33

    34

    35

    36

    37

    38

    39

    40

    41

    42

    43

    44

    45

    46

    47

    48

    49

    50

    Timbef MarkIs

    EC4/023

    EC4/024

    EC4/U 27

    EC4/030

    EC41031

    EC;s/O33

    EC4/034

    EC4/035

    EC41036

    EC4/037 -

    EC4f038

    EC41039

    EC4104-0

    EC4/041

    EX4/042

    EC4f043

    EC4/04-4

    EC4/045

    EC4/046

    EC4/047

    EC4fO4-8

    EC4/049

    EC41050

    Location

    Plumper

    ’ Kendrick

    ZebalIos

    Blowhole

    Port Elita

    Gold River -*A. .

    Port Efita

    Bfowhote

    Kendrick

    Little Zeballos

    Port EIiza

    Silverado

    Zebaltos

    Marvinas

    Ehatisaht

    Ehatisaht

    Zebaflos

    Plumper

    Zebaltos

    Plumper

    Port Etira

    Kendrick

    Blowhole

  • Canadian Pacific Forest products Limited

    Cowkhan Woodland3

    FOREST UCENCES Cutting Permits

    Forest License

    Al 6846

    Al 6847

    Al9205

    A19216

    A19228 30

    57

    EC t/O30 Sunshine

    EC1 1057 Sunshine

    A19231 99 FBI/U99 Browns Bay

    c.p, 6

    7

    8

    28

    29

    30.

    31

    32

    189

    191

    192

    16 EA41016 Fraser

    18 EA4/818 Fraser

    19 EA4/019 Fraser

    25 EB2/025

    28 fBZi028

    30 EBU03Q

    Timber Marku LWatio n

    EN51006 Mid Coast

    EN51007 Mid Coast

    EN51008 Mid Coast

    EN6/028

    EN61029

    EN6/030

    Mid Coast

    Mid Coast

    Mid Coast

    EN6/03 1 Mid Coast

    EN61032 Mid Coast

    EN611 89 Mid Coast

    EN6lq 91 Mid Coast

    EN6fl92 Mid Coast

    so0

    So0

    so0

  • . l

    Canadian Pacific Forest Products Limited

    Cowichan Woodlands

    Timber ticences Outside TFL 19

    a

    TO277

    TO295

    TO830

    l limber Matk(s~

    No active mark

    TO/2958

    TW830A

    Location

    Stewqdson

    Stewardson

    Alta Lake

  • Part 5 SDecial Use Permits

    1 i Western Woodlands Division \'

    1. Special Use Permit No. 17156

    2. Special Use Permit No. 9558

    3, Special Use Permit No. 12959

    ' 4.

    5.

    6.

    7.

    8.

    Zi.

    100.

    2.1,

    12.

    13.

    14"

    15.

    16.

    17.

    18.

    19.

    20.

    21.

    22.

    23.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No,

    Special Use Permit No.

    Special Use Permit No,

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No,

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    Special Use Permit No.

    11167

    11674

    12825

    12838

    12941

    8103

    8074

    8616

    8056

    7190

    7329

    15500

    7346

    7189

    7298

    15529

    17155

    5728

    3457

    15476

    24. Special Use Permit No, 10186

    BHTl\JQG\73666.

  • Cowichan Woodlands Division

    25, Special Use Permit No. 11630

    26. ix. L> :pecial Use Permit No. 17716

    27. Special Use Permits No. 11634

    28. Special Use Permit No. 10788

    29. Special Use Permit No. 14075

    30. Special Use Permit No. 14078

    31. Special Use Permit No. 12927

    32. Special Use Permit No. 15518

    33. Special Use' Permit No. 10757

    34. Special Use Permit No. 17114

    35. Special Use Permit No, 14064

    36. Special Use Permit No. 14020

    BHTl\JPG\73646.

  • Part 6 Road Permits

    A A

    1.

    2.

    3.

    B 4

    4.

    5.

    6.

    7.

    8.

    C 2

    9.

    10.

    11.

    12.

    13,

    14.

    15.

    16.

    17.

    18,

    19.

    20.

    *?I 6 'Rtters of Consent - Rishts-of-Way

  • 21. Road Permit No. RO4572

    22. Road Permit No. RO5415

    23. Road Permit

    241. Road Permit

    2s. Road Permit

    26. Road Permit

    27. Road Permit

    28. Road Permit

    29. Road Permit

    30. Road Permit

    31. Road Permit

    32. Road Permit

    33. Road Permit

    34. Road Permit

    35. Road Permit

    36. Road Permit

    Western Woodlands Division

    No, M-7696-87

    No. 01-8640-87

    No. Ol-9292~m/02-92

    No. 22328

    No. 123602

    Cowichan Woodlands Division

    No. 1-3477-85

    No. 01-6489-91

    No. 01-7882-88

    No. 01-7975-90

    No. 02-7588-91

    No. 9-6123-92

    No. 10-6123-92

    No. 05-5748-91 (.01.05)

    No. 3174-90-01

    37. Permit No, BU 1182/92

  • PROOF OF EXECUTION BY A CORPORATION

    I -L CERTIFY that on the 28th day of July, 1993, at Vancouver, British Columbia, DAVID TOOLE who is personally known to me appeared before me and acknowledged to me that he is an authorized signatory of CANADIAN PACIFIC FOREST PRODUCTS LIMITED and that he is the person who subscribed his name to the instrument, that he was authorized to subscribe his name to it and that the corporation existed at the date the instrument was executed by the corporation,

    IN TESTIMONY of which I set my hand and seal of office at Vancouver, British Columbia, this 28th day of July, 1993.

    z v

    for Taking in British- Columbia

    in and for the Province of British Columbia

    SHTl\CDH\i%%?s

  • i i PROOF OF EXECUTION BY A CORPORATION

    I CERTIFY that on the 28th day of July, 1993, at Vancouver, British Columbia, SANDY FULTON who is personally known to me appeared before me and acknowledged to me that he is an authorized signatory of PACIFIC FOREST PRODUCTS LIMITED and that he is the person who subscribed his name to the instrument, that he was authorized to subscribe his name to it and that the corporation existed at the date the instrument was executed by the corporation.

    IN TESTIMONY of which I set my hand and seal of office at Vancouver, British Columbia, this 28th day of July, 1993. .

    /

    A v for Taking

    in British Columbia in and for the

    Province of British Columbia

    BHTf\CDH\74922.

  • ;~ r; 1

    , NOTIFICATION British Cofumbia I 8 CHANGE IN STAT

    I SUBJECT -

    I

  • BULL, HOUSSER & TUPPER

    BARRISTERS & SOLICITORS Parent t Trade-Mark Agmznts

    3000 ROYAL CEN~RE + I?O. Box 11130 l 1055 WEST GEORGIA STREET-VANCOUVER g BRITISH COLUMBIA. CANADAV~E 3R3 FAX 641-4949 *TELEX 04-S-3395 *TELEPHONE (604) 687-6575

    100 1890 - 1990 Repiy Attention of Janet P. Grove YEARS

    Direct Line 641-4957 O&r File No. 9312711

    July 29, 1993

    BY COURIER

    Minister of Forests Ministers Office Room 128 Parliament Buildings Victoria, B.C. VW 1x4

    Attention: Honourable Dan Miller, Minister of Forest-s

    Dear Sir:

    Re: Canadian Pacific Forest Products Limited - Assignment to its subsidiary, Pacific Forest Products Limited, of Tree Farm License No. 19, Forest Licenses A16847, A19216, A19228, A19231 and A19205, Timber Licenses and ancillary Cutting Permits, Special Use Permits and Road Permits

    We are the solicitors for Canadian Pacific Forest Products Limited (*lCP Forest") and its affiliate, Pacific Forest Products Limited (lfPacificf8) l

    Further to our telephone conversation of July 16, 1993 with Mr. Len Mannix of the Timber Harvesting Branch, we write on behalf of CP Forest and Pacific to formally notify you that CP Forest has transferred its assets in British Columbia forming its Wood Products Group to Pacific. Pacific is a newly formed subsidiary of CP Forest and is incorporated pursuant to the British Columbia Company Act. Pacific is an affiliate of CP Forest as its issued share capital is 51% owned and controlled by CP Forest.

    Included among the assets transferred from CP Forest to Pacific are Tree Farm License No. 19, Forest Licenses A16847, A19216, A19228, Al9231 and A19205, and the Timber Licenses, .

    A hfember of MchfXtLAN BULL CASGRAIN

    VANCOWER SURREY TORONXI MONTREAL MI~SI~SAUGA HONG KONG TAIPEI

  • BULL, HCWSSER & TUPPER e’

    ancillary Cutting Permits, Special Use Permits and Road Permits 1 is /+.,,*‘,T

    t, in the Schedules to the Assignment of Timber Agreements bet&& CP Forest and Pacific (collectively, the *%mures”) and all private lands within Tree Farm License No. 19. A copy of the Assignment of Tenures document is enclosed for your reference and includes a Schedule detailing the Tenures assigned to Pacific.

    For your further information, while the assets transferred to Pacific include CP Forest% Cowichan and Western Woodlands logging divisions, the Tahsis and Ladysmith sawmills, the Saanich Forestry Centre and the Vancouver executive office,. the Gold River pulp mill operation and lands have not been transferred to Pacific and will remain with CP Forest,

    On behalf of CP Forest and Pacific, we hereby request that you amend your records to show Pacific as the licensee, or permittee as the case may be, of the Tenures effective as of July 2% 1993 l The address of the.head office of Pacific is the same as that previously for CP Forest in Vancouver, namely:

    1000 - 1040 West Georgia Street Vancouver, British Columbia

    V6E 4K4

    Please confirm receipt of this letter by executing the enclosed copy and returning it to the-attention of the writer. Thank you very much for your assistance.

    Yours truly,

    BULL, 7 OUSSER & TUPPER

    Per: i/L- d Janet P. Grove Receipt acknowledged the day of I 1993 by the

    Minister of Forests Per:

    CC:’ ‘3~Irl“ien Mannix; Timber Ten&s Specialists Timber Harvesting branch Ministry of Forests 1450 Government Street Victoria, B.C. v8W 3E7

    JPG\BHTl\726?4 Enclosure