0000945234-05-000439 Sample Contracts

Mercer International Inc. ROYAL BANK OF CANADA REGISTRATION RIGHTS AGREEMENT dated February 10, 2005 Fasken Martineau DuMoulin LLP
Registration Rights Agreement • June 3rd, 2005 • Mercer International Inc • Paper mills • Washington

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is dated February 10, 2005, between Mercer International Inc., a business trust organized pursuant to the laws of the State of Washington (together with any successor entity, herein referred to as the “Company”), and Royal Bank of Canada (the “Holders”).

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