EXHIBIT 10.2.2

FIRST AMENDMENT TO
PURCHASE AND SALE AGREEMENT

THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (“First Amendment”) is made
effective as of April 27, 2016, by and between FIATP TIMBER LLC, a Delaware
limited liability company (hereinafter referred to as “Seller”), and CATCHMARK
TIMBER TRUST, INC., a Maryland corporation (hereinafter referred to as
“Purchaser”).

WITNESSETH:

WHEREAS, Purchaser and Seller previously have entered into that certain Purchase
and Sale Agreement, dated as of April 27, 2016 (the “Agreement”); and
WHEREAS, Purchaser and Seller now desire to modify the terms of the Agreement in
certain respects.
NOW THEREFORE, for and in consideration of the premises, the mutual agreements
contained herein, and for other good and valuable considerations, the parties
hereto do hereby covenant and agree that the Agreement is hereby amended as
follows:
1.Seller’s Termination Right. The Agreement is hereby amended to add the
following thereto as new Section 35:

35.    Seller’s Termination Right. Seller shall have the right to terminate this
Agreement for any reason or for no reason, and in its sole and absolute
discretion (“Seller’s Termination Right”), by delivering notice to Purchaser
thereof on or before the earlier of (a) the end of the Title Review Period and
(b) such time as Purchaser issues the Press Release, as hereinafter defined
(“Seller’s Termination Date”). In the event Seller terminates this Agreement
pursuant to this Section 35, the Earnest Money shall be returned to Purchaser,
and neither party will have any further rights, duties or obligations hereunder
other than those which expressly survive the termination of this Agreement. In
the event Seller does not terminate this Agreement prior to the Seller’s
Termination Date, Seller’s Termination Right shall expire, and Seller shall have
no further right to terminate this Agreement pursuant to this Section 35.
Notwithstanding anything in Section 24 or Section 29 (or in the Confidentiality
Agreement referenced therein) of this Agreement to the contrary, Purchaser may
at any time issue a press release regarding this Agreement substantially in the
form of Schedule 35 attached hereto without any further consent or approval from
the Seller (the “Press Release”).

2.Capitalized Terms. All capitalized terms herein shall have the meaning
ascribed to such terms in the Agreement.

3.Reaffirmation of the Agreement. This First Amendment shall be deemed a part of
the Agreement for all purposes, and the Agreement remains in full force and
effect in accordance with its terms and as modified herein.

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4.Counterparts. This First Amendment may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

[Signatures Commence on Next Page]

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IN WITNESS WHEREOF, this First Amendment to Purchase and Sale Agreement has been
duly executed, sealed and delivered by the parties hereto the day and year first
above written.

 
 
SELLER:

FIATP TIMBER LLC, a Delaware limited liability company
 
 
 
 
 
By: /s/ Marc A. Walley
 
 
Name: Marc A. Walley
 
 
Title: President
 
 
 
 
 
PURCHASER:

CATCHMARK TIMBER TRUST, INC., a
Maryland corporation
 
 
 
 
 
By: /s/ John D. Capriotti
 
 
Name: John D. Capriotti
 
 
Title: Director of Acquisitions
 
 
 
 
 
ESCROW AGENT:

FIRST AMERICAN TITLE INSURANCE COMPANY
 
 
 
 
 
By: /s/ Kevin W. Wood
 
 
Name: Kevin W. Wood
 
 
Title: VP / Counsel
 
 
 
 
 
BROAD ARROW:

BROAD ARROW TIMBER COMPANY LLC, a Delaware limited liability company
 
 
By: /s/ Christina D. Purcell
 
 
Name: Christina D. Purcell
 
 
Title: Secretary
 
 
 

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Schedule 35

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[catchmarkrgb.jpg]
FOR IMMEDIATE RELEASE        

CatchMark Agrees to $102 Million Acquisition of Prime South Carolina Timberlands
Deal with Forest Investment Associates for 51,700 Acres

ATLANTA - DRAFT - In the company’s largest acquisition to date since its listing
on the NYSE, CatchMark Timber Trust, Inc. (NYSE: CTT) announced today an
agreement to acquire 51,700 acres of prime timberlands in South Carolina for
$101.8 million, excluding closing costs, from funds managed by Forest Investment
Associates. The acquisition of the Midlands Carolinas III timberlands will
expand significantly CatchMark’s recent entry into North Carolina and South
Carolina from 17,600 to 69,300 acres, and will increase the company’s total
acreage in the U.S. South to 480,400 acres. Closing of the transaction is
expected by the end of the second quarter 2016.
Adding approximately 2.1 million tons1 to CatchMark’s merchantable inventory,
the acquisition comprises 70% pine acres and a 52%/48% pulpwood to sawtimber mix
with significant diversity in topography, creating a range of seasonal harvest
options to meet changing market demand. The transaction’s productivity is
expected to be 4.8 to 5.8 tons per acre per year, adding approximately 250,000
to 300,000 tons per year to CatchMark’s harvest over the next decade.
The Midlands Carolinas III timberlands are proximate to and complementing other
recent CatchMark purchases in South Carolina and North Carolina.

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Jerry Barag, CatchMark’s President and Chief Executive Officer, said: “This
transaction, in one of the Southeast’s strongest timber markets, fits our
criteria for prime quality pine plantations and natural pine and hardwood stands
with excellent soil quality and above average growing capacity for producing
sustainable yields and durable earnings. Proximity to stable, well managed
mills, including one of the most efficient and highest capacity mills in the
U.S., as well as assumption of an existing long-term supply agreement provides
clarity of future sales volumes. The acquisition expands what we believe is one
of the industry’s highest quality timberlands portfolio.”
The transaction will be financed through CatchMark's multi-draw term loan.
1. Subject to standard final adjustment prior to closing.
About CatchMark
Headquartered in Atlanta, CatchMark Timber Trust, Inc. is a self-administered
and self-managed publicly traded REIT that began operations in 2007 and owns
interests in approximately 425,000 acres* of timberland located in Alabama,
Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and
Texas. Listed on the NYSE (CTT), CatchMark provides institutions and individuals
an opportunity to invest in a public company focused exclusively on timberland
ownership with an objective of producing stockholder returns from sustainably
recurring harvests. For more information, visit www.catchmark.com. From time to
time, CatchMark releases important information via postings on its corporate
website. Accordingly, investors and other interested parties are encouraged to
enroll to receive automatic email alerts regarding new postings. Enrollment
information is found in the “Investors Relations” section of www.catchmark.com.
* As of December 31, 2015.

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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended. Such forward-looking statements can generally
be identified by our use of forward-looking terminology such as "may," "will,"
"expect," "intend," "anticipate," "estimate," "believe," "continue," or other
similar words. However, the absence of these or similar words or expressions
does not mean that a statement is not forward-looking. Forward looking
statements are not guarantees of performance and are based on certain
assumptions, discuss future expectations, describe plans and strategies, contain
projections of results of operations or of financial condition or state other
forward looking information. Such statements include, but are not limited to,
that the inventory mix and diversity in topography of the Midlands Carolinas III
timberlands will result in a range of seasonal harvest options to meet changing
market demand, that harvest volumes will increase, that the timberlands have the
capability to produce sustainable yields and durable earnings, that the
timberlands offer significant additional pricing power benefits, and that we
have a robust deal pipeline in place. Readers of this press release should be
aware that there are various factors that could cause actual results to differ
materially from any forward-looking statements made in this press release.
Factors that could cause or contribute to such differences include, but are not
limited to: (i) the conditions to closing may not be satisfied and, as a result,
the acquisition of the Midlands Carolinas III timberlands may not be completed,
(ii) we may not generate the harvest volumes from our timberlands that we
currently anticipate; (iii) the demand for our timber may not increase at the
rate we currently anticipate or at all due to changes in general economic and
business conditions in the geographic regions where our timberlands are located;
(iv) timber prices may not increase at the rate we currently anticipate or could
decline, which would negatively impact our revenues; (v) the supply of
timberlands available for acquisition that meet our investment criteria may be
less than we currently anticipate; (vi) we may be unsuccessful in winning bids
for timberland that are sold through an auction process; (vii) we may not be
able to access external sources of capital at attractive rates or at all;
(viii) potential increases in interest rates could have a negative impact on our
business; and (ix) the factors described in Item 1A. of our Annual Report on
Form 10-K for the fiscal year ended December 31, 2015, under the heading “Risk
Factors” and our other filings with Securities and Exchange Commission.
Accordingly, readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. We undertake no obligation to update our forward-looking statements,
except as required by law.

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Contacts
Investors:    Media:
Brian Davis    Mary Beth Ryan, Miller Ryan LLC
(855) 858-9794    (203) 268-0158
info@catchmark.com    marybeth@millerryanllc.com