On Buckeye Technologies Inc. Letterhead EXHIBIT 10.11
September 20, 2001
via fax 011-358-2041-50302
Mr. Jaakko Palsanen
UPM-Kymmene
Group Head Office
P. O. Box 380
FIN-00101 Helsinki, Finland
RE: Amendment of German Purchase Agreement Between Buckeye Technologies Inc, Buckeye Steinfurt GmbH,
Buckeye Holdings GmbH AND Walkisoft GmbH, UPM-Kymmene Ojy
Dear Jaakko:
This letter confirms that Walkisoft GmbH and UPM-Kymmenne, on the one hand (collectively, "UPM") and
Buckeye Technologies Inc, Buckeye Steinfurt GmbH and Buckeye Holdings GmbH, on the other hand
(collectively, "Buckeye") have agreed to amend the German Purchase Agreement dated October 1, 1999,
between UPM and Buckeye (the "Agreement").
UPM and Buckeye have agreed that:
1. Section 5(d)(ii) of the Agreement is amended to provide that an amount of US$22,000,000 (in words: US-
dollars twenty two million) shall be paid by Buckeye no later than December 31, 2001. Prior to this Amendment,
this payment would have been due and payable on the second anniversary of the Effective Date, which is
October 1, 2001.
2. The payment provisions of Section 5(d)(iii) and 5(d)(iv) remain unchanged.
3. On October 1, 2001, Buckeye shall pay the interest payment of US$3,300,000 on the outstanding Purchase
Price, as required by Section 5(e) of the Agreement.
4. Section 5(e) of the Agreement is amended to provide that for the period from October 1, 2001 through the
date of payment, Buckeye will pay interest in the amount of 9% (nine percent) per annum (rather than 5%) on the
US$22,000,000 portion of the Purchase Price referred to in paragraph 1 above. Interest and principal shall be
paid on the same date and shall be paid no later than December 31, 2001.
Mr. Jaakko Palsanen
September 20, 2001
Page 2
5. When UPM receives the US$22,000,000 payment referred to in paragraph 1 plus the interest payment
referred to in paragraph 4, UPM shall automatically release its lien on the ownership interest of Buckeye Mt.
Holly LLC, as provided in par