Clearwater Paper Corporation obtained commitments from AgWest Farm Credit, PCA, CoBank, FCB and Coöperatieve Rabobank U.A., New York Branch pursuant to a commitment letter among the Company, AgWest, CoBank, Rabobank and any other financial institutions from time to time party thereto, dated February 20, 2024, to provide the Company, in each case subject to the satisfaction of certain customary closing conditions including the consummation of the Transaction, with (i) in the case of AgWest and CoBank, a 5-year term revolver credit facility in an aggregate principal amount of up to $270,000,000, via a refinancing of the Company?s existing term revolver credit agreement in the event that the required consents or amendments from the existing lenders and voting participants thereunder to effect the terms committed to by AgWest and CoBank cannot be obtained, (ii) in addition, in the case of AgWest and CoBank, a new 7-year farm credit term loan facility in the aggregate principal amount of $340,000,000 (the ?Farm Credit Term Loan Facility? and, together with the Term Revolver Facility, the ?Farm Credit Facilities?), (iii) in the case of Rabobank, a new 5-year commercial bank term loan facility in the aggregate principal amount of $150,000,000 (the ?Commercial Bank Term Loan Facility? and, together with the Farm Credit Facilities, the ?Senior Credit Facilities?), provided the maturity date of each of the Senior Credit Facilities will be, as applicable, the earlier date that is 91 days prior to the maturity date (the ?Scheduled Maturity Date) in respect of the Company?s senior notes due 2028 unless the sum of (x) availability under the Company?s revolving asset-based credit facility, (y) amounts available to be borrowed under the Term Revolver Facility and (z) unrestricted cash of the Company exceeds the sum of $50 million and the outstanding principal amount of the Company?s senior notes due 2028 (or any refinancing debt thereof with a stated maturity earlier than 91 days after the Scheduled Maturity Date) and (iv) in addition, in the case of Rabobank, a $275 million revolving asset-based credit facility maturing in November 2027 (the ?ABL Facility?

and, together with the Senior Credit Facilities, collectively, the ?Credit Facilities?) via a refinancing and replacement of the Company?s existing revolving asset-based credit facility in the event that the required amendments from the existing lenders under the Company?s existing revolving asset-based credit facility (including to permit the other contemplated debt financings) cannot be obtained. The applicable Credit Facilities (whether constituting new credit facilities or amended credit facilities) will be fully and unconditionally guaranteed by certain of the Company?s existing and future subsidiaries, and secured by substantially all of the personal property assets of the Company and the other Guarantors, subject to customary exceptions and limitations, and, as between the applicable Senior Credit Facilities and the applicable ABL Facility, subject to a customary intercreditor agreement expected to be substantially similar to the existing intercreditor agreement between the existing Term Revolver Facility and the existing ABL Facility.