Maxxam Inc Watch

from 10-K 3 pages Of the Standing Balance Credited to the Deferred Account as of the Last Business Day of Each Month Shall Be Increased by an Amount Reflecting Interest on Such Balance for Such Month Calculated Using One-Twelfth of the Prime Rate Plus 2 % on the First Day of Such Month. for This Purpose the “Prime Rate” Shall Mean the Highest Prime Rate (Or Base Rate) Reported for Such Date in the Money Rates Column or Section of the Wall Street Journal as the Rate in Effect for Corporate Loans at Large U.S. Money Center Commercial Banks (Whether or Not Such Rate Has Actually Been Charged by Any Such Bank) as of Such Date. in the Event the Wall Street Journal Ceases Publication of Such Rate, the “Prime Rate” Shall Mean the Prime Rate (Or Base Rate) Reported for Such Date in Such Other Publication That Publishes Such Prime Rate Information as the Company May Choose to Rely Upon.” Mr. Ezra G. Levin Re: Letter Amendment to Non Employee Director Deferred Fee Agreement April 3, 1996 Please Sign the Enclosed Second Original of This Letter Agreement and Return It to US in the Federal Express Packaging Provided to Signify Your Approval of the Foregoing Amendment to the Agreement. the Extra Original of This Letter Agreement Is for Your Records. Attest: Maxxam Inc. /S/ Nawasa Lafferty By: /S/ Byron L. Wade Nawasa Lafferty Byron L. Wade, Vice President, Assistant Secretary Secretary & Deputy General Counsel

from 10-K 64 pages Loan Agreement [Fei Space] Dated as of June 28, 2001 Between Lakepointe Assets LLC, as Borrower and Legg Mason Real Estate Services, Inc., as Lender Loan Agreement

from 10-K/A 2 pages Letter of Credit and Reimbursement Agreement Dated as of October 26, 2000 Between Palmas Country Club, Inc. a Delaware Corporation and Puerto Rico Tourism Development Fund, an Instrumentality of the Commonwealth of Puerto Rico $30,000,000 Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority Tourism Revenue Bonds, 2000 Series A

from 10-K/A 3 pages Loan Agreement Between Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority Palmas Country Club, Inc. Dated October 26, 2000

from 10-K/A 8 pages Loan Agreement Dated as of November 19 , 2002 Between Beltway Assets LLC, as Borrower and Legg Mason Real Estate Services, Inc., as Lender Loan Agreement

from 10-K/A 2 pages Lease Agreement Among Each Owner Listed on Schedule Aa Attached Hereto With Respect to the Related Project as Landlord and Universal Commercial Credit Leasing III, Inc., a Delaware Corporation as Tenant Lease Agreement

from 10-K/A 3 pages Loan Agreement by and Between Nomura Asset Capital Corporation, as Lender and M-Six Penvest II Business Trust, as Owner

from 10-K 2 pages Letter of Credit and Reimbursement Agreement Dated as of October 26, 2000 Between Palmas Country Club, Inc. a Delaware Corporation and Puerto Rico Tourism Development Fund, an Instrumentality of the Commonwealth of Puerto Rico $30,000,000 Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority Tourism Revenue Bonds, 2000 Series A

from 10-K 3 pages Loan Agreement Between Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority Palmas Country Club, Inc. Dated October 26, 2000

from 10-K 8 pages Loan Agreement Dated as of November 19 , 2002 Between Beltway Assets LLC, as Borrower and Legg Mason Real Estate Services, Inc., as Lender Loan Agreement

from 10-K 3 pages Lease Agreement Among Each Owner Listed on Schedule Aa Attached Hereto With Respect to the Related Project as Landlord and Universal Commercial Credit Leasing III, Inc., a Delaware Corporation as Tenant Lease Agreement

from 10-K 3 pages Loan Agreement by and Between Nomura Asset Capital Corporation, as Lender and M-Six Penvest II Business Trust, as Owner

from 8-K 89 pages $85,000,000 Term Loan Agreement Dated as of July 18, 2006 Among the Pacific Lumber Company and Britt Lumber Co., Inc., as Borrowers the Lenders Party Hereto, Marathon Structured Finance Fund L.P., as Administrative Agent and Marathon Structured Finance Fund L.P., as Sole Bookrunner and Sole Lead Arranger

from 8-K 108 pages $60,000,000 Revolving Credit Agreement Dated as of July 18, 2006 Among the Pacific Lumber Company and Britt Lumber Co., Inc., as Borrowers the Lenders Party Hereto, Marathon Structured Finance Fund L.P., as Administrative Agent and Marathon Structured Finance Fund L.P., as Sole Bookrunner and Sole Lead Arranger

from 8-K 4 pages Fourth Amendment to Credit Agreement

from 8-K 6 pages Amendment No. 7 to Term Loan Agreement

from 8-K 4 pages Amendment No. 7 to Revolving Credit Agreement

from 8-K 6 pages Amendment No. 6 to Term Loan Agreement

from 8-K 3 pages Amendment No. 6 to Revolving Credit Agreement

from 8-K 5 pages Amendment No. 4 to Revolving Credit Agreement