Under the contract, the Supplier agreed to deliver Arctic Paper agreed to purchase 90,000 metric tons of cellulose. The total volume of cellulose supplied under the contract may be increased or reduced by up to 10%. Under the Contract, the Supplier agreed to deliver and the Company agreed to purchase cellulose of the approximate value of PLN 170 million ($55.4 million).
The price per metric ton has been agreed to be based on the FOEX PIX in US dollars for Europe and subject to discounts agreed by the parties to the Contract. There are no contractual penalties or conditions precedent stipulated in the contract.
