<HTML>
<HEAD>
<TITLE>sv8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 1pt"><B>As filed with the Securities and Exchange Commission on June&nbsp;11, 2010</B>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 1pt"><B>Registration No.&nbsp;333-________________</B>
</DIV>

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 9pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 9pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 3pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 9pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 9pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 4pt"><B>MERCER INTERNATIONAL INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
<I>(Exact name of registrant as specified in its charter)</I></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Washington</B><BR>
<I>(State or other jurisdiction <BR>
of incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>47-0956945</B><BR>
<I>(I.R.S. Employer<BR>
Identification No.)</I></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>Suite&nbsp;2840, 650 West Georgia Street,<BR>

Vancouver, British Columbia, Canada, V6B 4N8</B><BR>

<I>(Address of registrant&#146;s principal executive office)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>2010 STOCK INCENTIVE PLAN</B><BR>

<I>(Full title of the plan)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>David M. Gandossi<BR>

Mercer International Inc.<BR>

Suite&nbsp;2840, 650 West Georgia Street,<BR>

Vancouver, British Columbia, Canada, V6B 4N8<BR>

(604)&nbsp;684-1099</B><BR>

<I>(Name, address and telephone number of agent for service)</I></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 9pt"><B>Copies to:</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>H.S. Sangra <BR>
Sangra Moller LLP <BR>
1000 Cathedral Place, 925 West Georgia Street <BR>
Vancouver, B.C. V6C 3L2<BR>
(604)&nbsp;662-8808</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>David R. Wilson<BR>
Davis Wright Tremaine LLP<BR>
Suite&nbsp;2200, 1201 Third Avenue<BR>
Seattle, WA 98101-3045<BR>
(206)&nbsp;757-8274</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated
filer or a non-accelerated filer. See definitions of &#147;large accelerated filer&#148;, &#147;accelerated filer&#148;
and &#147;smaller reporting company&#148; in Rule&nbsp;126-2 of the <I>Securities Exchange Act of 1934</I>, as amended.
(Check one):
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR style="font-size: 3pt" valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Large accelerated filer&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Accelerated filer&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Non-accelerated filer&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Smaller reporting company&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-size:8pt"><I>(do not check if a smaller reporting company</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 9pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR style="font-size: 3pt" valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of securities</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>offering price</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>aggregate</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>to be registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>registered</B><SUP style="FONT-size: 85%; vertical-align: text-top"><B>(1)</B></SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>per share</B><SUP style="FONT-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>offering price</B><SUP style="FONT-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>registration fee</B><SUP style="FONT-size: 85%; vertical-align: text-top"><B>(2)</B></SUP></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px"><B>Common Stock, $1.00
par value per share</B></DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000"><B>2,000,000 shares</B></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000"><B>$4.70</B></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000"><B>$9,400,000</B></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000"><B>$670.22</B></TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 2pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>In addition, pursuant to Rule 416(c) under the <I>Securities Act of 1933</I>, as
amended (the &#147;Securities Act&#148;) this registration statement also covers an indeterminate number
of shares of common stock that may issuable as a result of a stock split, stock dividend, or
similar transactions under the Mercer International Inc. 2010 Stock Incentive Plan .</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule 457(c) and 457(h) of the Securities Act, the proposed maximum
aggregate offering price per share, the proposed maximum offering<SUP style="FONT-size: 85%; vertical-align: text-top"> </SUP>price and the
amount of registration fee are estimated for the purpose of calculating the amount of the
registration fee and are based on the average of the high and low trading prices of the shares
of common stock as reported on the Nasdaq Global Market on June&nbsp;8, 2010.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 9pt"><B>INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents containing the information specified in this Part&nbsp;I will be sent or given to the
participants in the Mercer International Inc. 2010 Stock Incentive Plan (the &#147;Plan&#148;) covered by
this registration statement as required by Rule&nbsp;428(b)(1) of the <I>Securities Act of 1933</I>, as amended
(the &#147;Securities Act&#148;). Such documents are not required to be filed with the Securities and
Exchange Commission (the &#147;SEC&#148;) as part of this registration statement or as a prospectus or
prospectus supplement pursuant to Rule&nbsp;424 of the Securities Act. These documents and the documents
incorporated by reference in the registration statement pursuant to Item&nbsp;3 of Part&nbsp;II of this Form
S-8, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the
Securities Act.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 9pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;3.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Incorporation of Certain Documents by Reference</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by Mercer International Inc. (the &#147;Registrant&#148;) with the SEC are
hereby incorporated by reference in this registration statement:
</DIV>

<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2009 which contains
audited consolidated financial statements for the Registrant&#146;s most recent fiscal year;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Quarterly Report on Form 10-Q for the period ended March&nbsp;31, 2010;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Current Reports on Form 8-K filed on January&nbsp;22, 2010, January&nbsp;27, 2010 and June&nbsp;3, 2010;
and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of our Common Stock in the prospectus filed with the SEC on December&nbsp;15,
2005 which forms part of the registration statement on Form S-4, as amended (333-126683),
filed by the registrant with the SEC.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the
<I>Securities Exchange Act of 1934</I>, as amended (the &#147;Exchange Act&#148;) after the date hereof, and prior
to the filing of a post-effective amendment which indicates that the securities offered hereby have
been sold or which deregisters the securities offered hereby then remaining unsold, shall also be
deemed to be incorporated by reference into this registration statement and to be a part hereof
commencing on the respective dates on which such documents are filed. Any statement contained in a
document incorporated or deemed to be incorporated by reference herein shall be deemed to be
modified or superseded for purposes of this registration statement to the extent that a statement
contained herein, or in any other subsequently filed document which also is incorporated or deemed
to be incorporated by reference herein, modifies or supersedes such statement. Any statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this registration statement.
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;4.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Description of Securities</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;5.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Interests of Named Experts and Counsel</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;6.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Indemnification of Directors and Officers</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;23B.08.310, Section&nbsp;23B.08.320 and Sections&nbsp;23B.08.500 to 23B.08.600 of the <I>Washington
Business Corporation Act</I>, contained within the <I>Revised Code of Washington</I>, referred to as the
&#147;Washington Corporation Act&#148; sets out provisions relating to the limitation of liability and
indemnification of directors and officers of a corporation. Section&nbsp;23B.08.320 of the Washington
Corporation Act provides that a company&#146;s articles of incorporation may contain provisions not
inconsistent with law that eliminate or limit the personal liability of a
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 9pt">director to the corporation or its shareholders for monetary damages for conduct as a
director, other than for certain acts or omissions, including those that involve the intentional
misconduct by a director or a knowing violation of law by a director. Specifically, Section
23B.08.560 of the Washington Corporation Act provides that if authorized by (i)&nbsp;the articles of
incorporation, (ii)&nbsp;a bylaw adopted or ratified by the shareholders, or (iii)&nbsp;a resolution adopted
or ratified, before or after the event, by the shareholders, a company will have the power to
indemnify a director made party to a proceeding, or to obligate itself to advance or reimburse
expenses incurred in a proceeding, without regard to the limitations on indemnification contained
in Section&nbsp;23B.08.510 through 23B.08.550 of the Washington Corporation Act, provided that no such
indemnity shall indemnify any director (i)&nbsp;for acts or omissions that involve intentional
misconduct by the director or a knowing violation of the law by the director, (ii)&nbsp;for conduct
violating Section&nbsp;23B.08.310 of the Washington Corporation Act, or (iii)&nbsp;for any transaction from
which the director will personally receive a benefit in money, property or services to which the
director is not legally entitled.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furthermore, Section&nbsp;23B.08580 of the Washington Corporation Act provides that a company may
purchase and maintain insurance on behalf of an individual who is or was a director, officer,
employee or agent of such company, or who, while a director, officer, employee, or agent of such
company, is or was serving at the request of such company as a director, officer, partner, trustee,
employee, or agent of another foreign or domestic company, partnership, joint venture, trust,
employee benefit plan, or other enterprise, against liability asserted against or incurred by such
individual in that capacity or arising from such individual&#146;s status as a director, officer,
employee, or agent, whether or not such company would have power to indemnify such individual
against the same liability under Section&nbsp;23B.08.510 or 23B.08.520 of the Washington Corporation
Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.1 of the Articles of Incorporation of the Registrant, referred to as the &#147;Articles&#148;,
provides that the Registrant may indemnify, in the manner and to the full extent permitted by law,
any person (or the estate of any person) who was or is a party to, or is threatened to be made a
party to any threatened, pending or complete action, suit or proceeding, whether or not by or in
the right of the Registrant, and whether civil, criminal, administrative, investigative or
otherwise, by reason of the fact that such person is or was a director or officer of the
Registrant, or is or was serving at the request of the Registrant as a director or officer of
another corporation, partnership, joint venture, trust or other enterprise. The Registrant may, to
the full extent permitted by law, purchase and maintain insurance on behalf of any such person
against any liability which may be asserted against such person. To the full extent permitted by
law, the indemnification provided in the Articles does include expenses (including attorneys&#146;
fees), judgments, fines and amounts paid in settlement, and, in the manner provided by law, any
such expenses may be paid by the Registrant in advance of the final disposition of such action,
suit or proceeding. The indemnification provided in the Articles also is not deemed to limit the
right of the Registrant to indemnify any other person for any such expenses to the full extent
permitted by law, and is not deemed exclusive of any other rights to which any person seeking
indemnification from the Registrant may be entitled under any agreement, vote of shareholders or
disinterested directors or otherwise, both as to action in his official capacity and as to action
in another capacity while holding such office.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.2 of the Articles provides that no director of the Registrant shall be personally
liable to the Registrant or its shareholders for monetary damages for his conduct as a director,
except for (i)&nbsp;acts or omissions that involve intentional misconduct or a knowing violation of law
by the director, (ii)&nbsp;approval of distributions or loans in violation of Section&nbsp;23B.08.310 of the
Washington Corporation Act, or (iii)&nbsp;any transaction from which the director will personally
receive a benefit in money, property or services to which the director is not legally entitled.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;According to Section&nbsp;7.2 of the Articles, if the Washington Corporation Act is hereafter
amended to authorize corporate action further eliminating or limiting the personal liability of
directors, then the liability of a director of the Registrant shall be eliminated or limited to the
fullest extent permitted by the Washington Corporation Act, as so amended. Furthermore, Section
7.2 specifies that any amendment to or repeal of Article&nbsp;7 of the Articles shall not adversely
affect any right or protection of a director of the Registrant for or with respect to any acts or
omissions of such director occurring prior to such amendment or repeal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has entered into indemnity agreements, referred to as the &#147;Indemnity
Agreements&#148;, with each of its directors and certain of its executive officers. The Registrant has
agreed under each of the Indemnity Agreements to indemnify each of its directors and such officers
against any and all claims and costs that are or may be brought against him as a result of his
being one of the Registrant&#146;s directors, officers or employees or that of a company related to the
Registrant. However, under the Indemnity Agreements, the Registrant is not obligated to indemnify a
director or officer against any claims or costs in certain instances, including if it is determined
that the director or officer failed to act honestly and in good faith with a view to the
Registrant&#146;s best interests, if the director or officer failed to disclose an interest or conflict
as required under corporate legislation in Washington state or the Registrant is not permitted to
indemnify the director or officer under such legislation, or if the director or officer has
violated any insider trading rules under United States federal and state securities laws.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If there is a change in control (as defined in the Indemnity Agreements) of the Registrant
other than a change in control which has been approved by a majority of its directors, the
Registrant is required to seek legal advice as to whether and to what extent a director or officer
would be permitted to be indemnified under applicable law. In addition, the Indemnity Agreements
allow the Registrant to defend any claim made against a director or officer.
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;7.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Exemption from Registration Claimed</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;8.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Exhibits</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="line-height: 3pt"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Mercer International Inc. 2010 Stock Incentive Plan</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Opinion of Davis Wright Tremaine LLP</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Consent of PricewaterhouseCoopers LLP</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Consent of Davis Wright Tremaine LLP (included in Exhibit&nbsp;5.1)</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Power of Attorney (included on the signature page of this
registration statement)</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="5%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;9.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Undertakings</B></TD>
</TR>
</TABLE>
</DIV>

<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned registrant hereby undertakes:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most recent
post-effective amendment thereof), which, individually or in the aggregate,
represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of
securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus
filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20% change in maximum aggregate
offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the
effective registration statement; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any material information with respect to the plan
of distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 9pt; margin-left: 4%"><I>provided, however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the SEC by the registrant pursuant to Section&nbsp;13
or Section 15(d) of the Exchange Act that are incorporated by reference in the registration
statement.
</DIV>

<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That, for the purpose of determining any liability under the Securities Act,
each such post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial <I>bona fide </I>offering thereof.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of determining any liability under the Securities Act, each filing of the
registrant&#146;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d)
of the Exchange Act that is incorporate by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offering therein, and the
offering of such securities at that time shall be deemed to be the initial <I>bona fide </I>offering
thereof.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 9pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insofar as indemnification for liabilities arising under the Securities Act may be permitted
to directors, officers or controlling persons of the registrant pursuant to the provisions
described in Item&nbsp;6 above, or otherwise, the registrant has been advised that in the opinion
of the SEC such indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the registrant of expenses incurred or paid by a
director, officer or controlling person of the registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer of controlling person in
connection with the securities being registered, the registrant will, unless in the opinion of
its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of
such issue.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the <I>Securities Act of 1933</I>, as amended, the registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Vancouver, British Columbia, Canada on
the 11th day of June, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><BR><B>MERCER INTERNATIONAL INC.<BR></B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/&nbsp;&nbsp;Jimmy S.H. Lee
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Jimmy S.H. Lee&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes
and appoints Jimmy S.H. Lee and David M. Gandossi, or either of them acting alone or together, as
his true and lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any
and all amendments (including post-effective amendments) to this registration statement and sign
any registration statement (or amendment thereto) for the same offering covered by the registration
statement that is to be effective upon filing pursuant to Rule&nbsp;462 promulgated under the <I>Securities
Act of 1933</I>, and to file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and every act and thing
requisite and necessary to be done in connection therewith and about the premises, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of this <I>Securities Act of 1933</I>, this registration statement has
been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature:</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title:</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date:</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" nowrap valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/&nbsp; Jimmy S.H. Lee
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Jimmy S.H. Lee</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Chairman, Chief Executive
Officer and Director
(Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">June 11, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/&nbsp; David M. Gandossi
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
David M. Gandossi</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Secretary, Executive Vice
President and Chief Financial
Officer (Principal Financial
and Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">June 11, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/&nbsp; Guy W. Adams
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Guy W. Adams</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">June 11, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/&nbsp; Eric Lauritzen
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Eric Lauritzen</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">June 11, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/&nbsp; William D. McCartney
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
William D. McCartney</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">June 11, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/&nbsp; Graeme A. Witts
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Graeme A. Witts</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">June 11, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/&nbsp; Kenneth A. Shields
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Kenneth A. Shields</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">June 11, 2010</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/&nbsp; George Malpass
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
George Malpass</TD>
    <TD>&nbsp;</TD>
    <TD align="left">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom">June 11, 2010</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>EXHIBIT INDEX</U>
</DIV>

<DIV align="center" style="margin-top: 6pt">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="line-height: 3pt"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">2010 Stock Incentive Plan</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Opinion of Davis Wright Tremaine LLP</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Consent of PricewaterhouseCoopers LLP</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Consent of Davis Wright Tremaine LLP (included in Exhibit&nbsp;5.1)</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 6pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Power of Attorney (included on the signature page of this
registration statement)</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "o62826sv8.htm", "description": "S-8", "secsgml_size_bytes": 50923}]
{"company-data": {"conformed-name": "MERCER INTERNATIONAL INC.", "cik": "0001333274", "assigned-sic": "2611", "irs-number": "470956945", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-167478", "film-number": "10893073"}, "business-address": {"street1": "14900 INTERURBAN AVENUE SOUTH", "street2": "SUITE 282", "city": "SEATTLE", "state": "WA", "zip": "98168", "phone": "(206) 674-4639"}, "mail-address": {"street1": "14900 INTERURBAN AVENUE SOUTH", "street2": "SUITE 282", "city": "SEATTLE", "state": "WA", "zip": "98168"}, "former-company": {"former-conformed-name": "MERCER INTERNATIONAL REGCO INC.", "date-changed": "20050715"}}
sv8
As filed with the Securities and Exchange Commission on June 11, 2010
Registration No. 333-________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MERCER INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
Washington
(State or other jurisdiction
of incorporation or organization)
47-0956945
(I.R.S. Employer
Identification No.)
Suite 2840, 650 West Georgia Street,
Vancouver, British Columbia, Canada, V6B 4N8
(Address of registrant's principal executive office)
2010 STOCK INCENTIVE PLAN
(Full title of the plan)
David M. Gandossi
Mercer International Inc.
Suite 2840, 650 West Georgia Street,
Vancouver, British Columbia, Canada, V6B 4N8
(604) 684-1099
(Name, address and telephone number of agent for service)
Copies to:
H.S. Sangra
Sangra Moller LLP
1000 Cathedral Place, 925 West Georgia Street
Vancouver, B.C. V6C 3L2
(604) 662-8808
David R. Wilson
Davis Wright Tremaine LLP
Suite 2200, 1201 Third Avenue
Seattle, WA 98101-3045
(206) 757-8274
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated
filer or a non-accelerated filer. See definitions of "large accelerated filer", "accelerated filer"
and "smaller reporting company" in Rule 126-2 of the
Securities Exchange Act of 1934
, as amended.
(Check one):
Large accelerated filer
o
Accelerated filer
o
Non-accelerated filer
þ
Smaller reporting company
o
(do not check if a smaller reporting company
CALCULATION OF REGISTRATION FEE
Proposed maximum
Proposed maximum
Title of securities
Amount to be
offering price
aggregate
Amount of
to be registered
registered
(1)
per share
(2)
offering price
(2)
registration fee
(2)
Common Stock, $1.00
par value per share
2,000,000 shares
$4.70
$9,400,000
$670.22
(1)
In addition, pursuant to Rule 416(c) under the
Securities Act of 1933
, as
amended (the "Securities Act") this registration statement also covers an indeterminate number
of shares of common stock that may issuable as a result of a stock split, stock dividend, or
similar transactions under the Mercer International Inc. 2010 Stock Incentive Plan .
(2)
Pursuant to Rule 457(c) and 457(h) of the Securities Act, the proposed maximum
aggregate offering price per share, the proposed maximum offering
price and the
amount of registration fee are estimated for the purpose of calculating the amount of the
registration fee and are based on the average of the high and low trading prices of the shares
of common stock as reported on the Nasdaq Global Market on June 8, 2010.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
The documents containing the information specified in this Part I will be sent or given to the
participants in the Mercer International Inc. 2010 Stock Incentive Plan (the "Plan") covered by
this registration statement as required by Rule 428(b)(1) of the
Securities Act of 1933
, as amended
(the "Securities Act"). Such documents are not required to be filed with the Securities and
Exchange Commission (the "SEC") as part of this registration statement or as a prospectus or
prospectus supplement pursuant to Rule 424 of the Securities Act. These documents and the documents
incorporated by reference in the registration statement pursuant to Item 3 of Part II of this Form
S-8, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the
Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Certain Documents by Reference
The following documents filed by Mercer International Inc. (the "Registrant") with the SEC are
hereby incorporated by reference in this registration statement:
(a)
Annual Report on Form 10-K for the fiscal year ended December 31, 2009 which contains
audited consolidated financial statements for the Registrant's most recent fiscal year;
(b)
Quarterly Report on Form 10-Q for the period ended March 31, 2010;
(c)
Current Reports on Form 8-K filed on January 22, 2010, January 27, 2010 and June 3, 2010;
and
(d)
The description of our Common Stock in the prospectus filed with the SEC on December 15,
2005 which forms part of the registration statement on Form S-4, as amended (333-126683),
filed by the registrant with the SEC.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Securities Exchange Act of 1934
, as amended (the "Exchange Act") after the date hereof, and prior
to the filing of a post-effective amendment which indicates that the securities offered hereby have
been sold or which deregisters the securities offered hereby then remaining unsold, shall also be
deemed to be incorporated by reference into this registration statement and to be a part hereof
commencing on the respective dates on which such documents are filed. Any statement contained in a
document incorporated or deemed to be incorporated by reference herein shall be deemed to be
modified or superseded for purposes of this registration statement to the extent that a statement
contained herein, or in any other subsequently filed document which also is incorporated or deemed
to be incorporated by reference herein, modifies or supersedes such statement. Any statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this registration statement.
Item 4.
Description of Securities
Not applicable.
Item 5.
Interests of Named Experts and Counsel
Not applicable.
Item 6.
Indemnification of Directors and Officers
Section 23B.08.310, Section 23B.08.320 and Sections 23B.08.500 to 23B.08.600 of the
Washington
Business Corporation Act
, contained within the
Revised Code of Washington
, referred to as the
"Washington Corporation Act" sets out provisions relating to the limitation of liability and
indemnification of directors and officers of a corporation. Section 23B.08.320 of the Washington
Corporation Act provides that a company's articles of incorporation may contain provisions not
inconsistent with law that eliminate or limit the personal liability of a
2
director to the corporation or its shareholders for monetary damages for conduct as a
director, other than for certain acts or omissions, including those that involve the intentional
misconduct by a director or a knowing violation of law by a director. Specifically, Section
23B.08.560 of the Washington Corporation Act provides that if authorized by (i) the articles of
incorporation, (ii) a bylaw adopted or ratified by the shareholders, or (iii) a resolution adopted
or ratified, before or after the event, by the shareholders, a company will have the power to
indemnify a director made party to a proceeding, or to obligate itself to advance or reimburse
expenses incurred in a proceeding, without regard to the limitations on indemnification contained
in Section 23B.08.510 through 23B.08.550 of the Washington Corporation Act, provided that no such
indemnity shall indemnify any director (i) for acts or omissions that involve intentional
misconduct by the director or a knowing violation of the law by the director, (ii) for conduct
violating Section 23B.08.310 of the Washington Corporation Act, or (iii) for any transaction from
which the director will personally receive a benefit in money, property or services to which the
director is not legally entitled.
Furthermore, Section 23B.08580 of the Washington Corporation Act provides that a company may
purchase and maintain insurance on behalf of an individual who is or was a director, officer,
employee or agent of such company, or who, while a director, officer, employee, or agent of such
company, is or was serving at the request of such company as a director, officer, partner, trustee,
employee, or agent of another foreign or domestic company, partnership, joint venture, trust,
employee benefit plan, or other enterprise, against liability asserted against or incurred by such
individual in that capacity or arising from such individual's status as a director, officer,
employee, or agent, whether or not such company would have power to indemnify such individual
against the same liability under Section 23B.08.510 or 23B.08.520 of the Washington Corporation
Act.
Section 7.1 of the Articles of Incorporation of the Registrant, referred to as the "Articles",
provides that the Registrant may indemnify, in the manner and to the full extent permitted by law,
any person (or the estate of any person) who was or is a party to, or is threatened to be made a
party to any threatened, pending or complete action, suit or proceeding, whether or not by or in
the right of the Registrant, and whether civil, criminal, administrative, investigative or
otherwise, by reason of the fact that such person is or was a director or officer of the
Registrant, or is or was serving at the request of the Registrant as a director or officer of
another corporation, partnership, joint venture, trust or other enterprise. The Registrant may, to
the full extent permitted by law, purchase and maintain insurance on behalf of any such person
against any liability which may be asserted against such person. To the full extent permitted by
law, the indemnification provided in the Articles does include expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement, and, in the manner provided by law, any
such expenses may be paid by the Registrant in advance of the final disposition of such action,
suit or proceeding. The indemnification provided in the Articles also is not deemed to limit the
right of the Registrant to indemnify any other person for any such expenses to the full extent
permitted by law, and is not deemed exclusive of any other rights to which any person seeking
indemnification from the Registrant may be entitled under any agreement, vote of shareholders or
disinterested directors or otherwise, both as to action in his official capacity and as to action
in another capacity while holding such office.
Section 7.2 of the Articles provides that no director of the Registrant shall be personally
liable to the Registrant or its shareholders for monetary damages for his conduct as a director,
except for (i) acts or omissions that involve intentional misconduct or a knowing violation of law
by the director, (ii) approval of distributions or loans in violation of Section 23B.08.310 of the
Washington Corporation Act, or (iii) any transaction from which the director will personally
receive a benefit in money, property or services to which the director is not legally entitled.
According to Section 7.2 of the Articles, if the Washington Corporation Act is hereafter
amended to authorize corporate action further eliminating or limiting the personal liability of
directors, then the liability of a director of the Registrant shall be eliminated or limited to the
fullest extent permitted by the Washington Corporation Act, as so amended. Furthermore, Section
7.2 specifies that any amendment to or repeal of Article 7 of the Articles shall not adversely
affect any right or protection of a director of the Registrant for or with respect to any acts or
omissions of such director occurring prior to such amendment or repeal.
The Registrant has entered into indemnity agreements, referred to as the "Indemnity
Agreements", with each of its directors and certain of its executive officers. The Registrant has
agreed under each of the Indemnity Agreements to indemnify each of its directors and such officers
against any and all claims and costs that are or may be brought against him as a result of his
being one of the Registrant's directors, officers or employees or that of a company related to the
Registrant. However, under the Indemnity Agreements, the Registrant is not obligated to indemnify a
director or officer against any claims or costs in certain instances, including if it is determined
that the director or officer failed to act honestly and in good faith with a view to the
Registrant's best interests, if the director or officer failed to disclose an interest or conflict
as required under corporate legislation in Washington state or the Registrant is not permitted to
indemnify the director or officer under such legislation, or if the director or officer has
violated any insider trading rules under United States federal and state securities laws.
3
If there is a change in control (as defined in the Indemnity Agreements) of the Registrant
other than a change in control which has been approved by a majority of its directors, the
Registrant is required to seek legal advice as to whether and to what extent a director or officer
would be permitted to be indemnified under applicable law. In addition, the Indemnity Agreements
allow the Registrant to defend any claim made against a director or officer.
Item 7.
Exemption from Registration Claimed
Not applicable.
Item 8.
Exhibits
Exhibit Number
Exhibit
4.1
Mercer International Inc. 2010 Stock Incentive Plan
5.1
Opinion of Davis Wright Tremaine LLP
23.1
Consent of PricewaterhouseCoopers LLP
23.2
Consent of Davis Wright Tremaine LLP (included in Exhibit 5.1)
24.1
Power of Attorney (included on the signature page of this
registration statement)
Item 9.
Undertakings
(a)
The undersigned registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the
Securities Act;
(ii)
To reflect in the prospectus any facts or events arising after
the effective date of the registration statement (or the most recent
post-effective amendment thereof), which, individually or in the aggregate,
represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of
securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus
filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20% change in maximum aggregate
offering price set forth in the "Calculation of Registration Fee" table in the
effective registration statement; and
(iii)
To include any material information with respect to the plan
of distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;
provided, however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the SEC by the registrant pursuant to Section 13
or Section 15(d) of the Exchange Act that are incorporated by reference in the registration
statement.
(2)
That, for the purpose of determining any liability under the Securities Act,
each such post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial
bona fide
offering thereof.
4
(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
(b)
For purposes of determining any liability under the Securities Act, each filing of the
registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d)
of the Exchange Act that is incorporate by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offering therein, and the
offering of such securities at that time shall be deemed to be the initial
bona fide
offering
thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act may be permitted
to directors, officers or controlling persons of the registrant pursuant to the provisions
described in Item 6 above, or otherwise, the registrant has been advised that in the opinion
of the SEC such indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the registrant of expenses incurred or paid by a
director, officer or controlling person of the registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer of controlling person in
connection with the securities being registered, the registrant will, unless in the opinion of
its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of
such issue.
5
SIGNATURES
Pursuant to the requirements of the
Securities Act of 1933
, as amended, the registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Vancouver, British Columbia, Canada on
the 11th day of June, 2010.
MERCER INTERNATIONAL INC.
By:
/s/  Jimmy S.H. Lee
Name:
Jimmy S.H. Lee
Title:
Chief Executive Officer
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes
and appoints Jimmy S.H. Lee and David M. Gandossi, or either of them acting alone or together, as
his true and lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any
and all amendments (including post-effective amendments) to this registration statement and sign
any registration statement (or amendment thereto) for the same offering covered by the registration
statement that is to be effective upon filing pursuant to Rule 462 promulgated under the
Securities
Act of 1933
, and to file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and
agents, and each of them, full power and authority to do and perform each and every act and thing
requisite and necessary to be done in connection therewith and about the premises, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of this
Securities Act of 1933
, this registration statement has
been signed by the following persons in the capacities and on the dates indicated.
Signature:
Title:
Date:
/s/  Jimmy S.H. Lee
Jimmy S.H. Lee
Chairman, Chief Executive
Officer and Director
(Principal Executive Officer)
June 11, 2010
/s/  David M. Gandossi
David M. Gandossi
Secretary, Executive Vice
President and Chief Financial
Officer (Principal Financial
and Accounting Officer)
June 11, 2010
/s/  Guy W. Adams
Guy W. Adams
Director
June 11, 2010
/s/  Eric Lauritzen
Eric Lauritzen
Director
June 11, 2010
/s/  William D. McCartney
William D. McCartney
Director
June 11, 2010
/s/  Graeme A. Witts
Graeme A. Witts
Director
June 11, 2010
/s/  Kenneth A. Shields
Kenneth A. Shields
Director
June 11, 2010
/s/  George Malpass
George Malpass
Director
June 11, 2010
6
EXHIBIT INDEX
Exhibit Number
Exhibit
4.1
2010 Stock Incentive Plan
5.1
Opinion of Davis Wright Tremaine LLP
23.1
Consent of PricewaterhouseCoopers LLP
23.2
Consent of Davis Wright Tremaine LLP (included in Exhibit 5.1)
24.1
Power of Attorney (included on the signature page of this
registration statement)
7