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Title: |
Assignment Assumption and Consent Agreement |
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Date: |
2005 |
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Preview shows 8KB of 110KB total |
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$47 |
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ID: |
#1608547 |
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ASSIGNMENT ASSUMPTION AND CONSENT AGREEMENT
THIS ASSIGNMENT ASSUMPTION AND CONSENT AGREEMENT (this "ASSIGNMENT AND
CONSENT") is entered into as of the 29th day of October, 2004, by and among
Boise Cascade Corporation, a Delaware corporation (to be renamed OfficeMax
Incorporated on November 1, 2004) (the "ASSIGNOR"), Boise White Paper, L.L.C., a
Delaware limited liability company (the "ASSIGNEE"), and OfficeMax Contract,
Inc., a Delaware corporation (formerly Boise Cascade Office Products
Corporation) d/b/a Boise Office Solutions, and OfficeMax North America, Inc., an
Ohio corporation (formerly OfficeMax, Inc.) (the "CONSENTING PARTIES").
RECITALS
WHEREAS, Assignor and the Consenting Parties are parties to the Paper
Purchase Agreement Term Sheet, dated April 28, 2004 (the "BOS PAPER SALES
AGREEMENT"), in the form attached as EXHIBIT A;
WHEREAS, on October 29th, 2004 (the "CLOSING"), and pursuant to that
certain Asset Purchase Agreement, dated July 26, 2004, by and among Assignor,
Boise Southern Company, a Louisiana general partnership, and Minidoka Paper
Company, a Delaware corporation (collectively, the "SELLERS"), and Forest
Products Holdings, L.L.C., a Delaware limited liability company ("HOLDINGS"),
and Boise Land & Timber Corp., a Delaware corporation (the "PURCHASE
AGREEMENT"), Assignee, along with Holdings and the Permitted Affiliate
Purchasers (as defined in the Purchase Agreement), will purchase Assets of the
Sellers and certain of their Subsidiaries and Affiliates (as defined in the
Purchase Agreement).
WHEREAS, Assignor desires to assign its rights and delegate its obligations
under the BOS Paper Sales Agreement to Assignee as provided below;
WHEREAS, in connection with the transactions contemplated by the Purchase
Agreement, Assignor will change its legal name to OfficeMax Incorporated,
effective on November 1, 2004;
WHEREAS, Assignee has agreed to accept Assignor's rights and assume
Assignor's obligations under the BOS Paper Sales Agreement;
WHEREAS, immediately upon the assignment to and assumption by Assignee of
the BOS Paper Sales Agreement, Assignor, Assignee and Consenting Parties desire
to amend and restate the BOS Paper Sales Agreement in substantially the form of
Paper Purchase Agreement attached as Exhibit B; and
WHEREAS, the Consenting Parties consent to such assignment on the terms set
forth herein.
NOW, THEREFORE, for good and valuable consideration, including the
covenants of the parties herein, the parties agree as follows:
-------
Omitted material is indicated by [*****], pursuant to a request for
confidential treatment. Omitted material has been filed separately with the
Securities and Exchange Commission.
1. Effective upon the consummation of the Closing, Assignor docs hereby
assign all of its rights and delegate all of its obligations under the BOS Paper
Sales Agreement to Assignee and Assignee hereby accepts all rights and assume
all obligations of Assignor under the BOS Paper Sales Agreement.
2. The Consenting Parties hereby consent to the assignment and assumption
described in the foregoing paragraph 1.
3. Immediately upon the consummation of the Closing, the Assignee and the
Consenting Parties hereby agree that the BOS Paper Sales Agreement is amended
and restated in the form of the Paper Purchase Agreement attached hereto as
Exhibit B and each party does simultaneously herewith affix its signature to
such Paper Purchase Agreement, dated October 29, 2004.
4. This Assignment and Consent may be executed in two or more counterparts,
each of which will be an original and all of which together shall constitute one
and the same agreement binding on all of the parties thereto.
2
IN WITNESS WHEREOF, this Assignment and Consent was made and executed on
October 29, 2004.
ASSIGNOR
BOISE CASCADE CORPORATION (TO BE
RENAMED OFFICEMAX INCORPORATED
ON NOVEMBER 1, 2004)
By: /s/ Guy G. Hurlbutt
-------------------------------------
Name: Guy G. Hurlbutt
Title: Vice President
ASSIGNEE
BOISE WHITE PAPER, L.L.C.
By: Boise Cascade, L.L.C.
Its: Sole Manager
By: /s/ Zaid Alsikafi
-------------------------------------
Name: Zaid Alsikafi
-------------------------------------
Title: Director
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CONSENTING PARTIES
OFFICEMAX CONTRACT, INC. (FORMERLY
BOISE CASCADE OFFICE PRODUCTS
CORPORATION) d/b/a BOISE OFFICE
SOLUTIONS
By: /s/ Carol B. Moerdyk
-------------------------------------
Name: Carol B. Moerdyk
-------------------------------------
Title: Senior Vice President, International
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OFFICEMAX NORTH AMERICA, INC.
(FORMERLY OFFICEMAX, INC.)
By: /s/ Carol B. Moerdyk
-------------------------------------
Name: Carol B. Moerdyk
-------------------------------------
Title: Vice President
-------------------------------------
3
PAPER PURCHASE AGREEMENT
1. PARTIES:
1.1 Seller: Boise White Paper, L.L.C., a Delaware limited
liability company.
1.2 Purchaser/s:
1.2.1 Boise Cascade Corporation (to be renamed OfficeMax
Incorporated on November 1, 2004), a Delaware
corporation, and all of its current and future
affiliates and majority and wholly-owned subsidiaries
including OfficeMax Contract, Inc., OfficeMax North
America, Inc., Grand & Toy Limited of Canada, and its
Australian and New Zealand operations.
1.3 The parties hereto acknowledge that this Agreement forms an
integral part of the value of the acquired business under the
Asset Purchase Agreement dated July 26, 2004, and Seller would
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