Amendment to Section 9.1(vi) of Purchase Agreement between International Paper Company, Stone Arcade Acquisition Corporation, and KapStone Kraft Paper Corporation

Summary

This amendment, dated December 15, 2006, modifies the Purchase Agreement originally signed on June 23, 2006, between International Paper Company, Stone Arcade Acquisition Corporation, and KapStone Kraft Paper Corporation. The amendment changes the first clause of Section 9.1(vi), allowing either Parent or Seller to terminate the agreement after January 5, 2007, if the closing has not occurred. All other terms of the original agreement remain unchanged and in effect.

EX-2.2 2 a06-26623_1ex2d2.htm EX-2

Exhibit 2.2

December 15, 2006

 

International Paper Company
International Paper Plaza
400 Atlantic Street
Stanford, CT  06921
Attention:  C. Cato Ealy

 

Re:                                           Amendment to Section 9.1(vi) of the Purchase Agreement

Dear Mr. Ealy:

We refer to the Purchase Agreement, dated June 23, 2006 (the “Purchase Agreement”), by and between International Paper Company, Stone Arcade Acquisition Corporation and Kapstone Kraft Paper Corporation.  Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement.

In accordance with Section 9.3 of the Purchase Agreement, this letter serves to acknowledge the agreement of the Parties to amend and restate the first clause of Section 9.1(vi) of the Purchase Agreement, and it is hereby amended and restated, to read as follows:

“(vi)                        by Parent or Seller, at any time after January 5, 2007, if the Closing has not then occurred;”

Except as expressly provided herein, all terms and conditions of the Purchase Agreement are hereby reaffirmed and shall remain in full force and effect.  It is agreed and understood by the Parties that, effective as of the date hereof, each reference to the Purchase Agreement shall be deemed a reference to the Purchase Agreement as it is modified and amended herein.

Sincerely,

 

 

Stone Arcade Acquisition Corporation

 

 

 

 

By:

/s/ Roger W. Stone

 

 

Name:

Roger W. Stone

 

Title:

Chairman and Chief Executive Officer




 

ACKNOWLEDGED AND AGREED
AS OF THE DATE FIRST WRITTEN ABOVE
:

 

KapStone Kraft Paper Corporation

By:

/s/ Roger W. Stone

 

Name:

Roger W. Stone

 

Title:

Chairman and Chief Executive Officer

 

 

 

International Paper Company

By:

/s/ C. Cato Ealy

 

Name:

C. Cato Ealy

 

Title:

Senior Vice President