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Fortress Paper Ltd. operates internationally in three distinct business segments: dissolving pulp, specialty papers, and security paper products. The consolidated statements of financial position and

Fortress Paper Ltd. operates internationally in three distinct business segments: dissolving pulp, specialty papers, and security paper products. The consolidated statements of financial position and statement of income (statement of operations) from Fortress's 2016 annual report are presented in Exhibits 10.16A and 10.16B. FORTRESS PAPER LTD. Consolidated Statements of Financial Position (Canadian dollars, amounts in thousands) ASSETS Current Cash and cash equivalents Restricted cash Trade accounts receivable Other accounts receivable Inventories Financial instruments Prepaid expenses Note 56789 December 31, December 31, 2016 2015 $ $ 22,132 15,010 24,949 7,399 57,553 2,217 129,260 33,964 21,839 19,007 4,868 50,081 3,626 2,281 135,666

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