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CROWN PACIFIC PARTNERS L P
·
8-K
Sep 3, 1:29 PM ET
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CROWN PACIFIC PARTNERS L P 8-K
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Contents
20
1. Additions to Purchased Assets.
(a) Personal Property. Schedule 1.1.3 to the Agreement is hereby amended by inserting the Additional Property at the end thereof.
(b) Personal Property. Schedule 1.1.3 of the Agreement is hereby amended by inserting the following personal property on the portion of such Schedule relating to the Gilchrist Mill:
Company Number
Description
A158
1997 Ford Expedition EB 4x4
provided, however, that such item of Personal Property listed above shall not be sold, transferred or otherwise conveyed to Buyer unless, on or prior to the Closing Date, John Ernst receives an offer of employment from, and accepts such offer with, Buyer.
(c) Personal Property Leases. Schedule 1.1.5-1 to the Agreement is hereby amended by inserting the following lease agreements at the end thereof:
provided, however, that each of the Personal Property Leases set forth above shall not be assigned to Buyer unless and until the Bankruptcy Court enters an order approving the assumption and assignment thereof to Buyer (the date on which such order is entered being referred to herein as the “Order Date”) pursuant to a motion filed by Seller, which shall be filed promptly after the Closing Date; provided, further, that item #14 listed above shall not be assumed and assigned to Buyer unless, on or prior to the Closing Date, Paul Bialkowsky receives an offer of employment from, and accepts such offer with, Buyer.
2. Exclusion of Certain Property.
(a) Removed Personal Property. Schedule 1.1.3 to the Agreement is hereby amended by deleting therefrom each of the items of Removed Property and substituting the following in lieu thereof: “Intentionally Omitted”.
(b) Excluded Personal Property. Schedule 1.2 to the Agreement is hereby amended by inserting the Excluded Property at the end thereof.
(c) Personal Property Leases. Schedule 1.2 to the Agreement is hereby amended by inserting the following lease agreements at the end thereof:
3. Personal Property Lease Prorations. During the period from the Closing Date to the Order Date, Buyer shall be entitled to use the personal property that is subject to the Personal Property Leases set forth in Section 1(c) of this Amendment (subject to the second proviso thereof). All amounts paid by Seller pursuant to such Personal Property Leases between the Closing Date and the Order Date shall be prorated between the parties as of the Closing Date, and Buyer shall reimburse Seller accordingly within five (5) Business Days after a request therefor made by Seller after the Order Date.
4. Allocation. Buyer and Seller hereby agree that the sum of $60,000, plus the fair market value of any fuel on hand at the Port Angeles Mill and the Marysville Mill as of the Closing Date, shall be allocated to Personal Property not constituting either machinery and equipment used in manufacturing or Raw Materials, Residuals and Finished Goods Inventory.
5. Modification. This Amendment may not be modified or amended except by the written agreement of the parties.
6. Binding Effect. The provisions of this Amendment shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.
7. Effect of Amendment. Except as expressly provided in this Amendment, the Agreement shall remain unamended and in full force and effect. All references in the Agreement to “this Agreement” shall be deemed to mean the Agreement as amended by this Amendment.
8. Execution. This Amendment may be executed in any number of counterparts, all of which together shall constitute one and the same agreement. Each party may rely upon the signature of each other party on this Amendment that is transmitted by facsimile as constituting a duly authorized, irrevocable, actual, current delivery of this Agreement with the original ink signature of the transmitting party.
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