Common use of Reserved Timber Clause in Contracts

Reserved Timber. Plum Creek and its Affiliates, agents, contractors and assigns shall have the right to continue to conduct ongoing timber harvesting and post-harvest clean-up operations on the Timberlands until Closing on the timber stands and on the terms described on Exhibit J (“Reserved Timber”). Harvesting and post-harvest clean-up operations on the tracts containing Reserved Timber will be conducted consistent with the industry standards in the region and with Plum Creek’s standards on other similarly situated tracts harvested on behalf of Plum Creek. The Company acknowledges and agrees that Plum Creek, its Affiliates, agents and contractors, may enter and exit the Timberlands following Closing as reasonably necessary to complete all harvest and post-harvest clean-up operations on the tracts containing Reserved Timber and remove logs and other forest products that have been decked or stacked on the Timberlands for removal. Plum Creek will enter into a Temporary Timber Reservation and License Agreement in the form attached Exhibit J with Contribution LLC or Sale LLC, as applicable, as of the Contribution Date documenting the same.