AGREEMENT TO TERMINATE ARBITRATION
A. MacMillan Bloedel Limited ("MB") commenced an arbitration (the "Arbitration") by Notice of Arbitration dated July 25, 1995, seeking a determination of the amount of compensation to be paid to MB by Her Majesty the Queen in Right of the Province of British Columbia (the "Province") for deletions of areas in certain timber agreements by operation of the Carmanah Pacific Park Act, S.B.C. 1990, c. 36; and
B. MB, pursuant to the Settlement Agreement dated for reference _____________________, 19___ (the "Settlement Agreement"), has agreed to terminate the Arbitration in consideration of the promises contained in the Settlement Agreement;
NOW TAKE NOTICE THAT:
MBL and the Province hereby agree to terminate the Arbitration, as evidenced by the signatures of their solicitors.
Solicitors for MacMillan Bloedel Limited
Solicitors for Her Majesty the Queen
in right of the Province of British Columbia