EX-10.4.(A) 9 w79277exv10w4wxay.txt EX-10.4.(A) Exhibit 10.4(a) FIRST AMENDMENT CONTRACT FOR THE PURCHASE AND BARGAIN SALE OF PROPERTY THIS FIRST AMENDMENT TO CONTRACT FOR THE PURCHASE AND BARGAIN SALE OF PROPERTY (this "Amendment") is entered into this 10th day of February, 2003, by and between GLATFELTER PULP WOOD COMPANY, formerly known as The Glatfelter Pulp Wood Company, a Maryland corporation (the "Seller"), and THE CONSERVATION FUND, A NON-PROFIT CORPORATION ("TCF"). RECITALS: A. The Seller and TCF entered into that certain Contract for the Purchase and Bargain Sale of Property dated as of December 16, 2002 (the "Contract") involving the purchase and sale of certain property containing approximately 25,568 acres situated in seven (7) counties within the State of Maryland, namely, Charles, Caroline, Dorchester, Somerset, St. Mary's, Wicomico, and Worcester Counties, all as more particularly described in the Contract (the "Property"); and B. The parties desire to amend the Contract to (i) confirm certain Exhibits intended to be incorporated within the Contract, (ii) extend the date of expiration of the Inspection Period (defined in Section 5(b) of the Contract), and (iii) amend other terms and provisions of the Contract as more particularly set forth below. NOW THEREFORE, for and in consideration of ONE DOLLAR ($1.00) and other good and valuable consideration, receipt and adequacy of which are hereby acknowledged, Seller and TCF hereby agree as follows: 1. Extension of Inspection Period. Notwithstanding the terms of the Contract to the contrary, the Inspection Period is hereby extended and shall expire February 14, 2003. 1 2. Incorporation of Exhibits B and F. The Exhibits attached to this Amendment as Exhibits A and B, respectively, are hereby incorporated into the Contract as Exhibits B and F as if originally made a part thereof. 3. Extension on Deadline Date to Include Exhibit D. Notwithstanding the terms of the Contract to the contrary, the parties agree to confirm the terms and provisions of the Installment Note defined in Section 2(a) of the Contract and to be attached to the Contract as Exhibit D by the date set for Closing under the Contract. 4. Incorporation of Recitals and Exhibits. The Recitals set forth above, and all exhibits referred to herein are incorporated into this Amendment by this reference. 5. Ratification of Contract. All other terms and conditions in said Contract are hereby ratified and affirmed. IN WITNESS WHEREOF, the parties have set their hands and seals. WITNESS: SELLER: GLATFELTER PULP WOOD COMPANY Formerly The Glatfelter Pulp Wood Company a Maryland corporation /s/ Illegible BY: /s/ John R. Anke ------------------------------------ Printed Name: John R. Anke Title: Treasurer Date: 2/10/03 TCF: THE CONSERVATION FUND A NON-PROFIT CORPORATION /s/ Illegible By: /s/ Jodi R. O'Day ------------------------------------ Jodi R. O'Day Vice President and Regional Counsel Date: 2/6/03 2 EXHIBIT A ATTACHED HERETO IS THE FINAL AGREED TO EXHIBIT B TO THE CONTRACT WHICH IS HEREBY INCORPORATED INTO THE CONTRACT BY THIS AMENDMENT Exhibit B being incorporated into the Contract contains a total of 10 pages, exclusive of this cover sheet 3 EXHIBIT B CONTRACT BETWEEN GLATFELTER AND THE CONSERVATION FUND LIST OF LEASES CAROLINE COUNTY
* All hunting rights effective July 1 of year signed through June 30 of following year * ALL TRACTS IN ALL COUNTIES ARE ENROLLED IN FOREST CONSERVATION AND MANAGEMENT AGREEMENTS FOR TAX ASSESSMENT PURPOSES EXHIBIT B CONTRACT BETWEEN GLATFELTER AND THE CONSERVATION FUND LIST OF LEASES CHARLES COUNTY
ACTUAL 2002-2003 GPW # TRACT MAP GRID PARCEL AGREEMENT PARTY DATE* CONSIDERATION AMT. COLLECTED - ----- -------------- --- ---- ------ ------------------------ -------------------------- -------- ------------- ---------------- 3 Gross, Reid 35 18 59 Hunting Rights Agreement La Plata Hunt Club 8/10/95 $ 650.00 $ 930.00 8 Mansion Hall 52 10 6 Hunting Rights Agreement Bulls Eye Hunting Club 12/31/96 $5,300.00 $ 5,830.00 8 Mansion Hall 52 1 49 8 Mansion Hall 52 13 10 9 Belmont 52 16 7 Hunting Lease Belmont WMA 7/1/01 $2,050.00 $ 2,250.00 10 Rison 70 Hunting Rights Agreement Christian M. Phillips 7/23/98 $ 700.00 $ 890.00 11 Tayloe Neck 70 5 0 Hunting Rights Agreement J&D Masonry 9/25/00 $2,450.00 $ 2,820.00 11 Tayloe Neck Hunting Rights Agreement Sur-Shot Hunt Club 7/1/01 $2,600.00 12 Hard Frost 29 17 3 Hunting Rights Agreement Anthony C. Wolfe 7/6/95 $1,120.00 $ 1,640.00 13 G. Thompson 30 14 86 Hunting Lease Jeffrey S. Gibson 7/1/01 $2,000.00 $ 2,200.00 14 Larsen 31 13 32 Hunting Rights Agreement Edgewood Fish & Game Club 7/1/98 $1,300.00 $ 1,560.00 15 Double Trouble 30 17 120 Hunting Rights Agreement Double Trouble Hunt Club 7/6/95 $3,350.00 $ 3,690.00 15 Double Trouble 31 24 78 17 Thee 1 22 250 Hunting Rights Agreement Game Busters Hunting Club 7/25/95 $1,160.00 $ 1,530.00 ---------- Total: $23,340.00
* All hunting rights effective July 1 of year signed through June 30 of following year * ALL TRACTS IN ALL COUNTIES ARE ENROLLED IN FOREST CONSERVATION AND MANAGEMENT AGREEMENTS FOR TAX ASSESSMENT PURPOSES EXHIBIT B CONTRACT BETWEEN GLATFELTER AND THE CONSERVATION FUND LIST OF LEASES DORCHESTER COUNTY
ACTUAL 2002-2003 GPW # TRACT MAP GRID PARCEL AGREEMENT PARTY DATE* CONSIDERATION AMT. COLLECTED - ----- --------- --- ---- ------ ------------------------ ------------------ -------- ------------- ---------------- 100 Thomas 34 17 19 Hunting Rights Agreement White Stag H.C. 6/27/00 $ 670.00 $ 750.00 100 Thomas 34 23 11 100 Thomas 34 23 63 100 Thomas 45 5 42 $2,430.00 105 DeWolfe 74 18 31 Hunting Rights Agreement Essex Six Shooters 5/20/96 $1,290.00 $1,940.00 105 DeWolfe 75 13 6 112 Hackett 32 11 163 Hunting Rights Agreement Childs Hunt Club 6/3/00 $ 750.00 $ 940.00 112 Hackett 32 12 14 Hunting Rights Agreement Harris Hunt Club 6/26/95 $ 980.00 $1,520.00 112 Hackett 32 12 139 115 Lee Jones 60 4 46 Hunting Rights Agreement 10 Shot Hunt Club 6/14/96 $ 280.00 $ 400.00 140 Wheatley 7 15 58 Hunting Rights Agreement Wehner Hunt Club 6/12/01 $ 390.00 $ 390.00 --------- Total: $8,370.00
* All hunting rights effective July 1 of year signed through June 30 of following year * ALL TRACTS IN ALL COUNTIES ARE ENROLLED IN FOREST CONSERVATION AND MANAGEMENT AGREEMENTS FOR TAX ASSESSMENT PURPOSES EXHIBIT B CONTRACT BETWEEN GLATFELTER AND THE CONSERVATION FUND LIST OF LEASES ST. MARY'S COUNTY
ACTUAL 2002-2003 GPW # TRACT MAP GRID PARCEL AGREEMENT PARTY DATE* CONSIDERATION AMT. COLLECTED - ----- ----- --- ---- ------ ------------------------ --------------------- -------- ------------- ---------------- 4 Salem 42 13 64 Hunting Rights Agreement Swill River Hunt Club 8/5/98 $3,000.00 $4,650.00 --------- 4 Salem 49 5 67 Total: $4,650.00
* All hunting rights effective July 1 of year signed through June 30 of following year * ALL TRACTS IN ALL COUNTIES ARE ENROLLED IN FOREST CONSERVATION AND MANAGEMENT AGREEMENTS FOR TAX ASSESSMENT PURPOSES EXHIBIT B CONTRACT BETWEEN GLATFELTER AND THE CONSERVATION FUND LIST OF LEASES SOMERSET COUNTY
* All hunting rights effective July 1 of year signed through June 30 of following year * ALL TRACTS IN ALL COUNTRIES ARE ENROLLED IN FOREST CONSERVATION AND MANAGEMENT AGREEMENTS FOR TAX ASSESSMENT PURPOSES EXHIBIT B CONTRACT BETWEEN GLATFELTER AND THE CONSERVATION FUND LIST OF LEASES WICOMICO COUNTY
ACTUAL 2002-2003 GPW # TRACT MAP GRID PARCEL AGREEMENT PARTY DATE* CONSIDERATION AMT. COLLECTED - ----- ---------------- --- ---- ------ ------------------------- ---------------------- ----------- ------------- ---------------- 117 Wimbrow 60 11 3 Hunting Rights Agreement Sadler Hunt Club 6/26/96 $1,330.00 $2,380.00 122 Travers 64 11 15 Hunting Rights Agreement Stag Hunt Club 6/20/00 $1,230.00 $1,530.00 122 Travers 64 3 21 122 Travers 64 5 40 122 Travers 64 5 42 122 Travers 64 5 46 122 Travers 64 5 47 122 Travers 64 5 66 122 Travers 64 5 122 122 Travers 64 5 124 122 Travers 64 11 125 122 Travers 64 5 198 125 Johnson 60 16 10 Hunting Rights Agreement 125 Johnson 60 16 10 Hunting Rights Agreement 125 Johnson 60 16 10 Hunting Rights Agreement 125 Johnson 60 14 32 129 Cappy 3 19 127 Hunting Rights Agreement Robbins Hunt Club 3/24/00 $ 180.00 $ 230.00 129 Cappy 6 1 56 Hunting Rights Agreement K-C Hunt Club 6/21/00 $1,190.00 $1,500.00 129 Cappy 6 2 57 130 Hodson 50 5 93 Hunting Rights Agreement Buck & Doe Hunt Club 6/27/00 $1,180.00 $1,490.00 130 Hodson 51 1 206 132 Hastings 20 7 42 Hunting Rights Agreement Fat Boys Hunt Club 6/13/00 $1,310.00 $1,640.00 132 Hastings 20 8 120 141 Wells 61 6 37 Hunting Rights Agreement Bayfront Sports Club 6/14/00 $ 410.00 $ 510.00 143 Dennis 27 23 55 Hunting Rights Agreement New Delaware Sportsman 6/22/00 $ 470.00 $ 590.00 145 Hammond 21 17 25 Hunting Rights Agreement Robert Hall 10/14/02 $1,010.00 $1,010.00 148 Rich Hall 23 3 50 Hunting Rights Agreement Davis Hunt Club 6/27/00 $ 400.00 $ 490.00 155 Lilly 35 2 52 Hunting Rights Agreement B.S. Hunt Club 5/5/00 $ 520.00 $ 650.00 159 Cooper 56 20 216 Hunting Rights Agreement Over Here Hunt Club 8/12/02 $ 400.00 $ 400.00 163 Allen 57 15 288 Hunting Rights Agreement Bill Hall 6/14/00 $ 260.00 $ 320.00 169 Outten 59 23 91 Hunting Rights Agreement William R. Lewis 6/27/00 $ 400.00 $ 490.00 169 Outten 59 22 99 172 Bethards 68 9 Hunting Rights Agreement The Good, The Bad & 6/27/96 $ 290.00 $ 490.00 The Ugly Hunt Club 179 Kings Misfortune 44 5 216 Hunting Rights Agreement Trojan Hunt Club 6/26/00 $ 460.00 $ 580.00 181 Morris 51 8 198 Hunting Rights Agreement Outlaws Hunt Club 3/28/96 $ 270.00 $ 470.00 183 Ward 45 3 6 Hunting Rights Agreement West Side Hunt Club 6/27/00 $1,850.00 $2,330.00 183 Ward 45 15 41 Reservation of mineral Koppers Co. 1/82 (liber n/a n/a rights (1/2 interest) 969 Folio 106) 184 Banks 56 15 93 Hunting Rights Agreement. Nichols Hunt Club 7/22/96 $ 470.00 $ 800.00 Reservation of mineral Koppers Co. 1/82 (liber n/a n/a rights (1/2 interest) 969 Folio 106) 185 Senkbell 55 21 108 Hunting Rights Agreement Stag Hunt Club 6/27/00 $ 570.00 $ 710.00 185 Senkbell 65 3 1 Reservation of mineral Koppers Co. 1/82 (liber n/a n/a rights (1/2 interest) 969 Folio 106) 185 Senkbell 65 4 153 186 Ellis 35 4 45 Hunting Rights Agreement Billy Cropper 6/14/00 $ 570.00 $ 710.00 186 Ellis 35 46 Reservation of mineral Koppers Co. 1/82 (liber n/a n/a rights (1/2 interest) 969 Folio 106) 190 Nelson 8 3 49 Hunting Rights Agreement Thomas Lambrose, Jr. 6/27/00 $ 460.00 $ 580.00
EXHIBIT B CONTRACT BETWEEN GLATFELTER AND THE CONSERVATION FUND LIST OF LEASES WICORNICO COUNTY
* All hunting rights effective July 1 of year signed through June 30 of following year * ALL TRACTS IN ALL COUNTIES ARE ENROLLED IN FOREST CONSERVATION AND MANAGEMENT AGREEMENTS FOR TAX ASSESSMENT PURPOSES EXHIBIT B CONTRACT BETWEEN GLATFELTER AND THE CONSERVATION FUND LIST OF LEASES WORCESTER COUNTY
ACTUAL 2002-2003 GPW # TRACT MAP GRID PARCEL AGREEMENT PARTY DATE* CONSIDERATION AMT. COLLECTED - ----- ---------- --- ---- ------ ------------------------ ---------------------------- -------- ------------- ---------------- 108 Carter 32 17 18 Hunting Rights Agreement Horn Hunters 6/28/00 $ 520.00 $ 650.00 114 Ewing 46 2 121 Hunting Rights Agreement Red Wolf Hunt Club 4/28/96 $ 370.00 $ 620.00 125 Johnson 37 8 34 Hunting Rights Agreement Burnt Pine Hunt Club 6/28/00 $5,970.00 $ 7,530.00 125 Johnson 37 8 34 Hunting Rights Agreement Hancock Hunt Club 4/5/00 $ 390.00 $ 470.00 125 Johnson 37 3 38 Hunting Rights Agreement Massey Hunt Club 6/24/00 $ 630.00 $ 1,060.00 125 Johnson 37 4 39 125 Johnson 37 10 53 126 Furnace 54 2 3 Hunting Rights Agreement Baltimore Hunt Club 6/21/00 $2,870.00 $ 3,620.00 133 Cropper 49 13 70 Hunting Rights Agreement Investment Hunt Club 7/1/00 $2,490.00 $ 3,130.00 135 Hudson 30 23 15 Hunting Rights Agreement Evergreen Red & Gun Club 6/20/00 $1,410.00 $ 1,780.00 142 Selby 94 16 1 Hunting Rights Agreement Trophy Trackers Hunting Club 6/26/96 $ 720.00 $ 1,230.00 144 Godfrey 46 4 42 Hunting Rights Agreement Mount Olive Hunt Club 6/25/96 $1,360.00 $ 2,330.00 146 Almshouse 55 1 39 Hunting Rights Agreement Parks Hunt Club 6/27/00 $1,420.00 $ 1,770.00 146 Almshouse 147 Mason 78 14 16 Hunting Rights Agreement Edgewood Backwoodsmen 6/26/96 $1,310.00 $ 2,240.00 147 Mason 78 14 17 147 Mason 78 19 86 150 Birch 34 16 22 Hunting Rights Agreement McCafe Hunt Club 6/24/96 $ 300.00 $ 500.00 162 Zenger 44 16 34 Hunting Rights Agreement Peek Hunt Club 7/10/00 $ 130.00 $ 150.00 166 Dickerson 46 24 19 Hunting Rights Agreement Royal Hunt Club 6/5/00 $1,790.00 $ 2,250.00 166 Dickerson 46 23 31 168 Porter 45 1 2 Hunting Rights Agreement ????? 6/27/96 $ 210.00 $ 360.00 168 Porter 45 1 24 Hunting Rights Agreement ????? 6/30/98 $ 320.00 $ 540.00 172 Bethards 35 43 Hunting Rights Agreement 174 Necedum Swp 44 12 30 Hunting Rights Agreement Pioneer Sportsmen Association 9/30/12 $ 830.00 $ 830.00 175 Stevenson 61 6 22 Hunting Rights Agreement ????? 6/27/00 $ 120.00 $ 130.00 189 Todd 46 11 9 Hunting Rights Agreement Lucky 7 Sportsmen 6/27/00 $ 430.00 $ 540.00 191 Byrd 84 11 16 Hunting Rights Agreement ????? 5/22/96 $ 580.00 $ 990.00 191 Byrd 84 11 16 191 Byrd 84 10 85 197 Scotland 64 12 61 Hunting Rights Agreement 4100 Sportsman Club 7/2/96 $1,530.00 $ 2,610.00 ---------- Total: $35,320.00
* All hunting rights effective July 1 of year signed through June 30 of following year * ALL TRACTS IN ALL COUNTIES ARE ENROLLED IN FOREST CONSERVATION AND MANAGEMENT AGREEMENTS FOR TAX ASSESSMENT PURPOSES EXHIBIT B ATTACHED HERETO IS EXHIBIT F ATTACHED HERETO IS THE FINAL AGREED TO EXHIBIT F TO THE CONTRACT WHICH IS HEREBY INCORPORATED INTO THE CONTRACT BY THIS AMENDMENT Exhibit F being incorporated into the Contract contains a total of one page, exclusive of this cover page 4 EXHIBIT F UNIT PRICES ITEM NO. 3 OF EXHIBIT F TO BE COMPLETED AND AGREED TO BY SELLER AND TCF BY DECEMBER 31, 2002
1. Pine Pulpwood Clearcut: $5.67/ton 2. Pine Pulpwood Thinning: $3.80/ton 3. Sawtimber: $90/mbf + 90% of delivered price in excess of $200/mbf. 55% to Glatfelter Pulp Wood and 45% to The Forestland Group, of delivered price $200/mbf or less.