Cambium Global Timberland Limited has entered into a wood supply agreement with SUZANO PAPEL E CELULOSE S. A to sell to Suzano substantially all of the standing timber on Cambium's 3R property in Tocantins state, Brazil. The final price to be paid by Suzano will be determined pursuant to a pre- harvest inventory to be commissioned in early 2017. Broadly, a deposit is payable to Cambium within 15 days of the agreement which is expected to amount to approximately 20% of the total purchase price (the total price to be finally quantified after the pre-harvest inventory), with approximately 60% due after the pre-harvest inventory in the first half of 2017 and the balance before the end of 2017 once all the wood has been removed.