Document:

EX-4.2

 Exhibit 4.2 

Officers’ Certificate Pursuant to Sections 2.1, 2.3, 2.4(3), 8.4 and 11.5 of the Indenture 

Dated: March 30, 2020 
 The undersigned,
having read the appropriate provisions of the Indenture dated as of April 1, 1986 (the “Original Indenture”), as amended and supplemented by the First Supplemental Indenture dated as of February 15, 1991 (the “First
Supplemental Indenture”), the Second Supplemental Indenture dated as of February 1, 1993 (the “Second Supplemental Indenture”), the Third Supplemental Indenture dated as of October 22, 2001 (the “Third Supplemental
Indenture”), the Fourth Supplemental Indenture dated as of March 12, 2002 (the “Fourth Supplemental Indenture”) and the Fifth Supplemental Indenture dated as of March 30, 2020 (the “Fifth Supplemental Indenture”)
(the Original Indenture, as amended and supplemented by the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture and the Fifth Supplemental Indenture, is hereinafter
called the “Indenture”), each between Weyerhaeuser Company, a Washington corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), as trustee
(the “Trustee”), successor to JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank and Chemical Bank), including Sections 2.1, 2.3, 2.4, 8.4 and 11.5 thereof and the definitions in such Indenture relating thereto, and certain
other corporate documents and records, and having made such examination and investigation as, in the opinion of the undersigned, each considers necessary to enable the undersigned to express an informed opinion as to whether or not the conditions
set forth in the Indenture relating to the execution of the Fifth Supplemental Indenture and the establishment of the terms of a series of securities under the Indenture entitled the 4.000% Notes due 2030 (the “Offered Securities”) and the
form of certificate evidencing the Offered Securities have been complied with, and whether the conditions in the Indenture relating to the authentication and delivery by the Trustee of the Offered Securities have been complied with, certify that:

 1.    the authority to enter into the Fifth Supplemental Indenture was established by resolutions duly adopted by the
Board of Directors of the Company on February 9, 2017 (the “Resolutions”), and, to the knowledge of the undersigned, the execution of the Fifth Supplemental Indenture is authorized or permitted by, and complies with, the Original
Indenture and all conditions provided for in the Original Indenture relating to the execution of the Fifth Supplemental Indenture have been complied with, 

2.    the terms of the Offered Securities were established by the undersigned pursuant to authority delegated to them by
the Resolutions, and such terms are as set forth and incorporated by reference in Annex I hereto, 
 3.    the form of
certificate evidencing the Offered Securities was established by the undersigned pursuant to authority delegated to them by the Resolutions and is in substantially the form attached as Exhibit 1 to Annex I hereto, it being understood that the
legends appearing on 

  
 1 

 
any such certificate need to be included only so long as such certificate evidences a Global Security (as defined in the Indenture) and that, as provided in Annex I hereto, the format (but not
the substance) of the certificates evidencing the Offered Securities may be changed, 
 4.    the form and terms of the
Offered Securities have been established pursuant to Sections 2.1 and 2.3 of the Indenture and comply with the Indenture, and 

5.    to the knowledge of the undersigned, all conditions provided for in the Indenture (including, without limitation,
those set forth in Sections 2.1, 2.3 and 2.4 of the Indenture) relating to the establishment of the terms of the Offered Securities and the form of certificate evidencing the Offered Securities, and relating to the execution, authentication and
delivery of the Offered Securities, have been complied with. 
 This certificate may be executed by the parties hereto in counterparts, each
of which when so executed shall be deemed to be an original, with the same effect as if the signatures thereto and hereto were on the same instrument, but all such counterparts shall together constitute but one and the same instrument. 

[SIGNATURE PAGE FOLLOWS] 

  
 2 

 IN WITNESS WHEREOF, we have hereunto set our hands as of the date first written above. 

 

			
	By:	 	 /s/ Russell Hagen

	Name:	 	Russell Hagen
	Title:	 	Senior Vice President and Chief Financial Officer
		
	By:	 	 /s/ Kristy T. Harlan

	Name:	 	Kristy T. Harlan
	Title:	 	Senior Vice President, General Counsel and Corporate Secretary

  
 [Signature Page to
Officers’ Certificate (Indenture)] 

 ANNEX I 

The terms “Indenture” and “Company,” as used in this Annex I, have the respective meanings set forth in the Officers’
Certificate to which this Annex I is attached, and other capitalized terms used in this Annex I and not otherwise defined herein have the same definitions as in the Indenture. 

(1)    The series of Securities established hereby shall be known and designated as the 4.000% Notes due 2030 (the
“Offered Securities”). 
 (2)    The aggregate principal amount of the Offered Securities that may be
authenticated and delivered under the Indenture is initially limited to $750,000,000, except for the Offered Securities authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Offered Securities
pursuant to Sections 2.2A, 2.8, 2.9, 2.11, 8.5 or 12.3 of the Indenture or pursuant to the provisions appearing under the caption “Offer to Purchase Upon Change of Control Triggering Event” in the form of certificate evidencing the Offered
Securities attached hereto as Exhibit 1. However, the series of Securities of which the Offered Securities are a part may be re-opened from time to time by the Company for the issuance of additional Offered
Securities, without the consent of the Holders of the Offered Securities, so long as any such additional Offered Securities have the same form and terms (except that any such additional Offered Securities may be dated as of different dates and may
have different dates from which interest thereon shall begin to accrue), and carry the same right to receive accrued and unpaid interest, as the Offered Securities theretofore issued; provided, however, that, notwithstanding the foregoing, the
series of Securities of which the Offered Securities are a part may not be re-opened if the Company has effected satisfaction and discharge or defeasance with respect to the Offered Securities pursuant to
Section 10.1(A) or 10.1(B) of the Indenture; and provided, further, that no additional Offered Securities may be issued at a price that would cause such additional Offered Securities to have “original issue discount” within the
meaning of Section 1273 of the Internal Revenue Code of 1986, as amended. 
 (3)    The Offered Securities are to
be issuable only as Registered Securities without coupons. The Offered Securities shall be issued in book-entry form and represented by one or more Global Securities, the initial Depositary for such Global Securities shall be The Depository Trust
Company and the depositary arrangements shall be those employed by whomever shall be the Depositary with respect to such Global Securities from time to time. Notwithstanding the foregoing, certificated Offered Securities in definitive form may be
issued in exchange for Global Securities under the circumstances contemplated by clauses (c)(i), (ii) and (iii) of Section 2.2A of the Indenture. 

(4)    The Offered Securities authorized hereby shall be originally issued on March 30, 2020 (the “Closing
Date”) and shall be sold by the Company to the underwriters (the “Underwriters”) named in the Underwriting Agreement dated March 26, 2020 (the “Underwriting Agreement”) among the Company and BofA Securities, Inc.,
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as representatives (the “Representatives”) of the several Underwriters (the form, terms, execution and delivery of such Underwriting
Agreement being hereby authorized, ratified, confirmed and approved in all 

  
 Annex I-1 

 
respects), at a price equal to 97.820% of the principal amount of the Offered Securities. The initial price to the public of the Offered Securities originally issued on the Closing Date shall be
98.470% of the principal amount thereof plus accrued interest, if any, from March 30, 2020, and underwriting discounts and commissions shall be 0.650% of the principal amount of such Offered Securities. 

(5)    The final maturity date of the Offered Securities on which the principal thereof is due and payable shall be
April 15, 2030. 
 (6)    The principal of the Offered Securities will bear interest at the rate set forth in the
form of certificate evidencing the Offered Securities attached as Exhibit 1 hereto. Interest on the Offered Securities will accrue from the date, and will be payable on the dates and to the persons, provided in the form of certificate evidencing the
Offered Securities attached as Exhibit 1 hereto. Interest on the Offered Securities will be computed on the basis of a 360-day year of twelve 30-day months. No
additional amounts of the nature referred to in subparagraph (15) of Section 2.3 of the Indenture shall be payable on the Offered Securities. 

(7)    The principal of and premium, if any, and interest on the Offered Securities shall be payable, the Offered
Securities may be surrendered for registration of transfer and exchange, and notices and demands to or upon the Company in respect of the Offered Securities or the Indenture may be served, at the agency of the Company maintained for such purposes
from time to time in the Borough of Manhattan, The City of New York, and the Company hereby appoints the Trustee as trustee, paying agent, transfer agent and registrar for the Offered Securities and designates the Corporate Trust Office of the
Trustee in the Borough of Manhattan, The City of New York, as the Company’s agency for the foregoing purposes; provided, however, that the Company, subject to the applicable provisions of the Indenture, may, with respect to the Offered
Securities, appoint another Person to be the registrar, transfer agent or paying agent, and appoint additional registrars, transfer agents and paying agents, with respect to the Offered Securities, so long as the Company shall at all times maintain
an agency for the foregoing purposes in the Borough of Manhattan, The City of New York for the Offered Securities. 

(8)    The Offered Securities may be redeemed by the Company, in whole at any time or from time to time in part, at the
option of the Company on any date upon not less than 10 nor more than 60 days notice given as provided in the Indenture, at a redemption price calculated as provided in the form of Offered Securities attached hereto as Exhibit 1, plus accrued and
unpaid interest on the principal amount of the Offered Securities being redeemed to the applicable redemption date; provided, however, that payments of interest on the Offered Securities that are due and payable on or prior to a date fixed for
redemption of the Offered Securities at the option of the Company will be payable to the Holders of the Offered Securities registered as such at the close of business on the relevant record dates according to their terms and the terms and provisions
of the Indenture. Any redemption of Offered Securities shall be made on the other terms and conditions set forth in the Indenture. The Offered Securities shall not be subject to a sinking fund or analogous provision. 

(9)    The Company will be required to offer to repurchase the Offered Securities, and to repurchase duly tendered Offered
Securities, upon the terms, and subject to the conditions, set forth under the caption “Offer to Purchase Upon Change of Control Triggering Event” in the form of certificate evidencing the Offered Securities attached as Exhibit 1 hereto.

  
 Annex I-2 

 (10)    The principal of, premium, if any, and interest on the Offered
Securities shall be payable in such coin or currency of the United States of America as of the time of payment shall be legal tender for the payment of public and private debts. 

(11)    The Offered Securities shall be issued in denominations of $2,000 and integral multiples of $1,000 in excess
thereof. 
 (12)    To the extent that any provision of the Indenture or the Offered Securities provides for the payment
of interest on overdue principal of, or premium, if any, or interest on, the Offered Securities, then, to the extent permitted by applicable law, interest on such overdue principal, premium, if any, and interest shall accrue at the rate of interest
borne by the Offered Securities, and, anything in the Indenture to the contrary notwithstanding, in the case of any requirement in the Indenture that the Company pay (or that the Trustee distribute) interest on overdue principal of, or premium, if
any, or interest on, the Offered Securities, such payment or distribution shall only be required to the extent it is permitted by applicable law. 

(13)    As used in the Indenture with respect to the Offered Securities and in the certificates evidencing the Offered
Securities, all references to “premium” on the Offered Securities shall mean any amounts (other than accrued interest) payable upon the redemption of any Offered Security, or the repurchase of any Offered Security pursuant to the
provisions set forth under the caption “Offer to Purchase Upon Change of Control Triggering Event” in the form of certificate evidencing the Offered Securities attached hereto as Exhibit 1, in excess of 100% of the principal amount of such
Offered Security. 
 (14)    The provisions of Section 3.9 of the Indenture shall not be applicable with respect to
the Offered Securities and the Offered Securities shall not be entitled to the benefits of such Section 3.9. 

(15)    The following additional terms shall be applicable with respect to the Offered Securities: 

 

	 	(a)	 the phrase “due or to become due to such date of maturity” appearing in the 28th and 29th lines of Section 10.1(A) of the Indenture shall be deleted and replaced with the phrase “due or to become due on or prior to
such date of maturity or redemption, as the case may be,” 

  

	 	(b)	 the Company shall not act as its own paying agent for purposes of Section 10.2 of the Indenture or for
purposes of the provisions set forth under the caption “Offer to Purchase Upon Change of Control Triggering Event” in the form of certificate evidencing the Offered Securities attached hereto as Exhibit 1; 

 

	 	(c)	 all references in the Indenture to the “Secretary” and any “Assistant Secretary” of the
Company shall be deemed to include a reference to the Corporate Secretary and any Assistant Corporate Secretary, respectively, of the Company; and 

  

	 	(d)	 the phrase “acquires by sale or conveyance substantially all the assets” appearing in clause
(i) of Section 9.1 of the Indenture shall be deleted and replaced with the phrase “acquires by sale or conveyance all or substantially all the assets”. 

  
 Annex I-3 

 (16)    The certificates evidencing the Offered Securities shall be in
substantially the form attached hereto as Exhibit 1, it being understood that the certificate evidencing any Offered Security may be modified so that the signatures and/or trustee’s certificate of authentication appear on the same page as the
principal amount of such Offered Security and that the format (but not the substance) of any such certificate may also be changed in such manner as any officer the Company may approve, such approval to be conclusively evidenced by the authentication
of any such certificate by the Trustee. 
 (17)    The Offered Securities shall have such additional terms and
provisions as are set forth in the form of certificate evidencing the Offered Securities attached hereto as Exhibit 1, which terms and provisions are hereby incorporated by reference in and made a part of this Annex I and the Indenture as if set
forth in full herein and therein. 
 (18)    Only such Offered Securities as shall bear thereon a certificate of
authentication substantially in the form attached as Exhibit 1 hereto, executed by the Trustee by the manual or electronic signature of one of its authorized officers, shall be entitled to the benefits of the Indenture or be valid or obligatory for
any purpose. 

  
 Annex I-4 

 EXHIBIT 1 

Form of Certificate Evidencing the Offered Securities 

 [Include the following legend (the “DTC Legend”) only in Global Securities] THIS NOTE IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS NOTE IS EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR INDIVIDUAL NOTES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY
TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

[Include the following legend (the “DTC Legend”) only in Global Securities] UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

					
	No.	 		 	Principal Amount: $●,000,000
	CUSIP No. 962166 BY9	 		 	
	ISIN No. US962166BY91	 		 	

 WEYERHAEUSER COMPANY 

4.000% Note due 2030 

WEYERHAEUSER COMPANY, a Washington corporation (the “Issuer,” which term includes any successor thereto under the Indenture referred
to below), for value received, hereby promises to pay to ● [For inclusion in Global Securities - Cede & Co.], or registered assigns, at the office or agency of the Issuer maintained for such purpose in the Borough of
Manhattan, The City of New York, the principal sum of ● Dollars ($●,000,000) on April 15, 2030, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and
private debts, and to pay interest, semiannually in arrears on April 15 and October 15 of each year (each, an “Interest Payment Date”), commencing October 15, 2020, and at final maturity on said principal sum at said office
or agency, in like coin or currency, at the rate of 4.000% per annum from the Interest Payment Date next preceding the date of this Note to which interest has been paid or duly provided for, unless the date hereof is a date to which interest has
been paid or duly provided for, in which case from the date of this Note, or unless no interest 

  
 Exhibit 1-1 

 
has been paid or duly provided for on this Note, in which case from March 30, 2020, until payment of said principal sum has been made or duly provided for; provided that, if this Note is not
a Global Security, payment of interest will be made against presentation of this Note at the office or agency of the Issuer maintained for such purpose in the Borough of Manhattan, The City of New York (and the offices or agencies of the Issuer
maintained for such purpose in any such other locations, if any, as the Issuer may from time to time elect) or, at the option of the Issuer, by check mailed to the address of the Person entitled thereto as such address shall appear on the Security
register; and provided, further, that if this Note is a Global Security registered in the name of a Depositary or its nominee, payment of interest shall be made to the Depositary or its nominee, as the case may be, in accordance with the
Depositary’s procedures as in effect from time to time. Notwithstanding the foregoing, if the date hereof is after April 1 or October 1, whether or not a Business Day (each, a “Regular Record Date”), as the case may be, and
before the following Interest Payment Date, this Note shall bear interest from such Interest Payment Date; provided, that if the Issuer shall default in the payment of interest due on such Interest Payment Date, then this Note shall bear
interest from the next preceding Interest Payment Date to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for on this Note, from March 30, 2020; and provided, further, that,
notwithstanding the foregoing provisions of this sentence, if no interest has been paid or duly provided for on this Note, then this Note shall bear interest from March 30, 2020. The interest so payable on any Interest Payment Date will,
subject to certain exceptions provided in the Indenture referred to below, be paid to the Person in whose name this Note is registered at the close of business on the Regular Record Date next preceding such Interest Payment Date. Interest on this
Note shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. 

This Note is one of a duly authorized issue of Securities of the Issuer issued under and pursuant to an Indenture dated as of April 1,
1986 (the “Original Indenture”), as amended and supplemented by a First Supplemental Indenture thereto dated as of February 15, 1991 (the “First Supplemental Indenture”), a Second Supplemental Indenture thereto dated as of
February 1, 1993 (the “Second Supplemental Indenture”), a Third Supplemental Indenture thereto dated as of October 22, 2001 (the “Third Supplemental Indenture”), a Fourth Supplemental Indenture thereto dated as of
March 12, 2002 (the “Fourth Supplemental Indenture”) and a Fifth Supplemental Indenture thereto dated as of March 30, 2020 (the “Fifth Supplemental Indenture”; the Original Indenture, as amended and supplemented by the
First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture and any other indentures supplemental thereto, is hereinafter called the
“Indenture”), each between the Issuer and The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), as successor trustee (herein called the “Trustee”, which term includes any
successor trustee under the Indenture) to JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank and Chemical Bank), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights,
limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuer and the Holders of the Securities. The Securities may be issued in one or more series, which different series may be issued in various aggregate
principal amounts, may mature at different times, may bear interest (if any) at different rates, may be subject to different redemption provisions (if any), may be subject to different sinking, purchase or analogous funds (if any) and may otherwise
vary as in the Indenture provided. This Note is one of the series of Securities designated on the face hereof (the “Notes”). 

  
 Exhibit 1-2 

 At any time before January 15, 2030 (the date that is three months prior to the maturity date, which
date is referred to herein as the “Early Call Date”), the Notes will be redeemable, in whole at any time or from time to time in part, at the option of the Issuer at a redemption price equal to the greater of: 

 

	 	(1)	 100% of the principal amount of the Notes to be redeemed, and 

 

	 	(2)	 the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be
redeemed that would be due if such Notes matured on the Early Call Date but for the redemption (exclusive of any portion of the payments of interest accrued to the applicable Redemption Date) discounted to such Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points, 

plus, in the case of both clause (1) and clause (2) above, accrued and unpaid interest on the principal amount of the Notes being redeemed to such
Redemption Date. 
 At any time on or after the Early Call Date, the Notes will be redeemable as a whole or in part, at the option of the Issuer, at a
redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest on the principal amount of the Notes being redeemed to such Redemption Date. 

Notwithstanding the foregoing provisions with respect to the calculation of the redemption price, payments of interest on the Notes that are due and payable
on or prior to a date fixed for redemption of Notes at the option of the Issuer will be payable to the Holders of those Notes registered as such at the close of business on the relevant record dates according to their terms and the terms and
provisions of the Indenture. Any such redemption shall be effected in accordance with the terms and conditions set forth in the Indenture. 

As used in this Note, the following terms have the meanings set forth below: 

“Comparable Treasury Issue” means, with respect to any Redemption Date for the Notes, the U.S. Treasury security selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the Notes (assuming, for such purpose, that the notes mature on the Early Call Date) to be redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes to be redeemed. 

“Comparable Treasury Price” means, with respect to any Redemption Date for the Notes, (1) the average (as determined by the
Independent Investment Banker) of four Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer
than four but more than one such Reference Treasury Dealer Quotations, the average (as determined by the Independent Investment Banker) of all such quotations, or (3) if the Independent Investment Banker obtains only one such Reference Treasury
Dealer Quotation, such Reference Treasury Dealer Quotation. 

  
 Exhibit 1-3 

 “Independent Investment Banker” means, with respect to any Redemption Date for the
Notes, BofA Securities, Inc. and its successors, Goldman Sachs & Co. LLC and its successors, J.P. Morgan Securities LLC and its successors, or Morgan Stanley & Co. LLC and its successors, whichever shall be selected by the Issuer,
or, if all such firms or their respective successors, if any, to such firms, as the case may be, are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the
Issuer. 
 “Redemption Date” means, with respect to any Note or portion thereof to be redeemed, the date fixed for such redemption
pursuant to the Indenture and the Notes. 
 “Reference Treasury Dealers” means, with respect to any Redemption Date for the Notes,
BofA Securities, Inc. and its successors, Goldman Sachs & Co. LLC and its successors, J.P. Morgan Securities LLC and its successors, and Morgan Stanley & Co. LLC and its successors (provided, however, that if any such
firm or any such successor, as the case may be, shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer). 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date for the Notes,
the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by
that Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. As used in the first paragraph of this Note and in the immediately preceding sentence, the term “Business Day” means
each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to close. 

“Treasury Rate” means, with respect to any Redemption Date for the Notes, the rate per annum equal to the semi-annual equivalent
yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

Notice of any redemption will be mailed (or otherwise transmitted in accordance with applicable procedures of DTC) at least 10 days but not
more than 60 days before the applicable Redemption Date to each Holder of the Notes to be redeemed at the Holder’s registered address. If less than all of the Notes are to be redeemed at the option of the Issuer, the Notes to be redeemed shall
be selected in accordance with applicable procedures of DTC. 
 Unless the Issuer defaults in payment of the redemption price on the
applicable Redemption Date (including interest accrued to such Redemption Date), on and after such Redemption Date interest will cease to accrue on the Notes or portions of the Notes called for redemption on such Redemption Date. 

Notwithstanding the provisions of Section 12.2 of the Indenture, any notice of redemption of the Notes need not set forth the redemption
price but only the manner of calculation thereof. The Issuer will notify the Trustee of the redemption price promptly after the calculation thereof. The Trustee shall have no responsibility for such calculation. 

  
 Exhibit 1-4 

 In case an Event of Default (as defined in the Indenture) with respect to the Notes shall
have occurred and be continuing, the principal hereof and accrued and unpaid interest hereon may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the
Indenture. 
 The Indenture contains provisions permitting the Issuer and the Trustee, with the consent of the Holders of not less than a
majority in aggregate principal amount of the Securities at the time Outstanding of all series to be affected (voting as one class), evidenced as in the Indenture provided, to execute supplemental indentures adding any provisions to or changing in
any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the Holders of the Securities of each such series; provided, that no such supplemental indenture shall,
among other things, (i) extend the final maturity of any Security, or reduce the principal amount thereof or reduce the rate or extend the time of payment of any interest thereon, or reduce any amount payable on the redemption thereof, or make
the principal thereof or the interest thereon payable in any coin or currency other than that provided in the Securities or in accordance with the terms thereof, or impair or affect the rights of any Holder to institute suit for the payment thereof,
without the consent of the Holder of each Security so affected, or (ii) reduce the aforesaid percentage of Securities the Holders of which are required to consent to any such supplemental indenture without the consent of the Holder of each
Security so affected. It is also provided in the Indenture that, with respect to certain defaults or Events of Default, prior to any declaration accelerating the maturity of the Securities of any series, the Holders of a majority in aggregate
principal amount of the Outstanding Securities of such series (or, in the case of certain defaults or Events of Default, all or certain series of the Securities) may on behalf of the Holders of all the Securities of such series (or all or certain
series of the Securities, as the case may be) waive any such past default or Event of Default and its consequences. The preceding sentence shall not, however, apply to a default or Event of Default in respect of the payment of the principal of or
premium, if any, or interest on any of the Securities or a default or Event of Default in respect of a covenant or provision of the Indenture which cannot be modified or amended without the consent of the Holder of each Security affected. Any such
consent or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or
substitution herefor or on registration of transfer hereof, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Note in the manner, at the respective times, at the rate and in the coin or currency herein prescribed. 

The Notes are issuable in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000 in excess thereof.
Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations upon surrender of the Notes to be exchanged at the agency of the Issuer maintained for that purpose in the Borough of Manhattan, The City of New
York in the manner and subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge that may be imposed in connection therewith. 

  
 Exhibit 1-5 

 The Notes are not subject to any sinking fund. 

Upon due presentment for registration of transfer of this Note at the agency of the Issuer maintained for that purpose, a new Note or Notes of
authorized denominations for an equal aggregate principal amount will be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge that may be
imposed in connection therewith. 
 The Issuer, the Trustee and any authorized agent of the Issuer or the Trustee may deem and treat the
registered Holder hereof as the absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the purpose of receiving payment of, or on account of, the principal
hereof and premium, if any, and, subject to the provisions of the first paragraph hereof, interest hereon and for all other purposes, and neither the Issuer nor the Trustee nor any authorized agent of the Issuer or the Trustee shall be affected by
any notice to the contrary. 
 No recourse under or upon any obligation, covenant or agreement of the Issuer in the Indenture or in any
Note, or because of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, of the Issuer or of any successor entity, either directly or through the Issuer or any successor entity,
under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance hereof and as part of
the consideration for the issue hereof. 
 This Note shall be governed by and construed in accordance with the laws of the State of New
York, except as may otherwise be required by mandatory provisions of law. 
 Terms used in this Note which are defined in the Indenture
shall have the respective meanings assigned thereto in the Indenture, except that the terms “Business Day” and “business day,” as used in this Note, shall have the meanings set forth herein. 

The Indenture contains provisions whereby the Issuer may be discharged from its obligations with respect to the Notes, subject to exceptions,
if the Issuer deposits with the Trustee cash or U.S. Government Obligations in the amount and in the manner, and satisfies certain other conditions, as in the Indenture provided. 

This Note shall not be valid or obligatory for any purpose until the certificate of authentication hereon shall have been signed by or on
behalf of the Trustee under the Indenture by manual or electronic signature of an authorized signatory of the Trustee. 
 Offer to Purchase Upon Change
of Control Triggering Event 
 If a Change of Control Triggering Event occurs with respect to the Notes, the Issuer will make an offer
(the “Change of Control Offer”) to each Holder of Notes to repurchase (at such Holder’s option) all or any part (in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof, provided that any portion of a Note
not repurchased must be in a principal 

  
 Exhibit 1-6 

 
amount of $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s Notes on the terms described below. In the Change of Control Offer, the Issuer will offer payment in
cash equal to 101% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, on such Notes (or portions thereof) to be repurchased to, but excluding, the date of repurchase (the “Change of Control
Payment”); provided that, notwithstanding the foregoing, payments of interest on the Notes that are due and payable on any dates falling on or prior to such a date of repurchase will be payable to the Holders of those Notes registered as such
at the close of business on the relevant record dates in accordance with their terms and the terms of the Indenture. Within 30 days following any Change of Control Triggering Event with respect to the Notes, the Issuer will mail (or otherwise
transmit in accordance with applicable procedures of DTC) (or cause to be mailed (or otherwise transmitted in accordance with applicable procedures of DTC)) a notice (the “Change of Control Purchase Notice”) to all Holders of Notes (with a
copy to the Trustee) describing the transaction or transactions constituting the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in such notice, which date will be a business day no earlier than 10 days
and no later than 60 days after the date such notice is mailed (or otherwise transmitted in accordance with applicable procedures of DTC) (the “Change of Control Payment Date”). 

Holders electing to have a Note or portion thereof repurchased pursuant to a Change of Control Offer will be required to surrender the Note
(which, in the case of Notes in book-entry form, may be by book-entry transfer) to the Trustee (or to such other agent as may be appointed by the Issuer for such purpose) at the address specified in the applicable Change of Control Purchase Notice
prior to the close of business on the business day immediately preceding the applicable Change of Control Payment Date and to comply with other procedures set forth in such Change of Control Purchase Notice. As used in the preceding sentence and in
the last sentence of the preceding paragraph, the term “business day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or
executive order to close in The City of New York. 
 On any Change of Control Payment Date, the Issuer will, to the extent lawful: 

 

	 	(1)	 accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer;

  

	 	(2)	 deposit with the Trustee (if the Trustee is acting as paying agent for the Notes) or any other duly appointed
paying agent for the Notes an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and 

  

	 	(3)	 deliver the repurchased Notes or cause the repurchased Notes to be delivered to the Trustee for cancellation,
accompanied by an Officers’ Certificate stating the aggregate principal amount of repurchased Notes and that all conditions precedent provided for in the Notes and the Indenture relating to such Change of Control Offer and the repurchase of
Notes by the Issuer pursuant thereto have been complied with. 

  
 Exhibit 1-7 

 Interest on Notes and portions of Notes duly tendered for repurchase pursuant to a Change of Control Offer
will cease to accrue on and after the applicable Change of Control Payment Date, unless the Issuer shall have failed to accept such Notes and such portions of Notes for payment, failed to deposit the total Change of Control Payment in respect
thereof or failed to deliver the Officers’ Certificate, all as required by, and in accordance with, the immediately preceding sentence. 

The Issuer will agree to promptly pay, or will cause the Trustee (if the Trustee is acting as paying agent for the Notes) or another duly
appointed paying agent for the Notes to promptly pay (by application of funds deposited by the Issuer), to each Holder of Notes (or portions thereof) duly tendered and accepted for payment by the Issuer pursuant to a Change of Control Offer for the
Notes, the Change of Control Payment for such Notes, and the Issuer will cause the Trustee to promptly authenticate and mail (or deliver by book entry transfer, as applicable) to each such Holder a new Note equal in principal amount to the
unpurchased portion, if any, of the Notes surrendered by such Holder; provided that each such new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. The Issuer shall, or shall cause the Trustee to,
promptly mail (or cause to be delivered by book entry transfer, as applicable) to the Holders thereof any Notes not so accepted for payment by the Issuer. 

The Issuer will comply with the requirements of Rule 14e-1 under the Exchange Act and any other
securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such
securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Issuer shall comply with those securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control
Offer provisions of the Notes by virtue of such conflict. 
 The Issuer will not be required to make a Change of Control Offer upon the
occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the time and otherwise in compliance with the requirements for an offer made by the Issuer and the third party purchases all Notes properly
tendered under its offer and delivers the repurchased Notes or causes the repurchased Notes to be delivered to the Trustee for cancellation on the applicable Change of Control Payment Date. In addition, the Issuer will not repurchase any Notes
pursuant to a Change of Control Offer if there has occurred and is continuing on the applicable Change of Control Payment Date an Event of Default under the Indenture (other than an Event of Default resulting from the Issuer’s failure to comply
with any of the provisions of the Notes or the Indenture relating to such Change of Control Offer or the repurchase of Notes pursuant thereto, including, without limitation, any default in payment of the Change of Control Payment), including Events
of Default arising with respect to other series of Securities outstanding under the Indenture. 
 The foregoing Change of Control provisions
of the Notes shall cease to be applicable (and any failure of the Issuer to comply therewith shall not constitute an Event of Default) if (i) the Indenture shall have ceased to be of further effect with respect to the Notes pursuant to
Section 10.1(A) of the Indenture (as used in this paragraph, “satisfaction and discharge”), or (ii) the Issuer shall be deemed to have paid and discharged the entire indebtedness on all of the Notes pursuant to
Section 10.1(B) of the Indenture (as used in this paragraph, “defeasance”) (it being understood that, in addition to the other conditions to defeasance set forth in the Indenture, any such defeasance shall not be effective until the
121st day after the date of deposit referred to in 

  
 Exhibit 1-8 

 
subparagraph (a) of Section 10.1(B) of the Indenture), and, in the case of both clause (i) and (ii) of this sentence, the Issuer shall have satisfied the conditions set forth in
the Indenture to such satisfaction and discharge or such defeasance, as the case may be, and (without limitation to the foregoing) shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel (each of which comply with
Section 11.5 of the Indenture), each to the effect that all conditions precedent to such satisfaction and discharge or defeasance, as the case may be, provided for in the Indenture have been complied with. 

For purposes of the provisions set forth under this caption “Offer to Purchase Upon Change of Control Triggering Event,” the
following terms have the respective meanings specified below: 
 “Capital Stock” means, with respect to any Person, any and all
shares, interests, participations or other equivalents (however designated) in the equity of such Person (including, without limitation, (i) with respect to a corporation, common stock, preferred stock and any other capital stock,
(ii) with respect to a partnership, partnership interests (whether general or limited), and (iii) with respect to a limited liability company, limited liability company interests). 

“Change of Control” means the occurrence of any of the following: (a) the consummation of any transaction (including, without
limitation, any merger or consolidation) resulting in any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than the Issuer or any of its subsidiaries) becoming the “beneficial owner” (as defined
in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Issuer’s outstanding Voting Stock or other Voting Stock into which
the Issuer’s Voting Stock is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares or 

(b) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one transaction
or a series of related transactions, of all or substantially all of the properties or assets of the Issuer and its subsidiaries, taken as a whole, to one or more Persons (other than the Issuer or any of its subsidiaries). Notwithstanding the
foregoing, a transaction will not be deemed to be a Change of Control if (1) the Issuer becomes a direct or indirect wholly-owned subsidiary of a holding company and (2)(y) the direct or indirect holders of the Voting Stock of such holding
company immediately following that transaction are substantially the same as the holders of the Issuer’s Voting Stock immediately prior to that transaction or (z) immediately following that transaction no “person” (as that term
is used in Section 13(d)(3) of the Exchange Act), other than a holding company satisfying the requirements of this sentence, is the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding Voting Stock of such holding company, measured by voting power rather than number of shares. As used in this paragraph, the
term “subsidiary” means, with respect to any Person (the “Parent”), any other Person at least a majority of whose outstanding Voting Stock, measured by voting power rather than number of shares, is owned, directly or indirectly,
at the date of determination by the Parent and/or one or more other subsidiaries of the Parent. 
 “Change of Control Triggering
Event” means the occurrence of both a Change of Control and a Rating Event. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended, or any successor thereto. 

  
 Exhibit 1-9 

 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the
equivalent) by Moody’s and BBB- (or the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies selected by the Issuer. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Rating Agencies” means (a) each of Moody’s and S&P; and (b) if either of Moody’s or S&P ceases to rate
the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Issuer’s control, a “nationally recognized statistical rating organization” (within the meaning of Rule
15c3-1(c)(2)(vi)(F) under the Exchange Act) selected by the Issuer (as certified by a Board Resolution delivered to the Trustee) as a replacement for Moody’s or S&P, or both of them, as the case may
be. 
 “Rating Event” means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period shall be extended so long as the rating of the Notes is
under publicly announced consideration for a possible downgrade by either of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the
Issuer’s intention to effect a Change of Control; provided, however, that a Rating Event otherwise arising by virtue of a particular reduction in rating will not be deemed to have occurred in respect of a particular Change of Control (and thus
will not be deemed a Rating Event for purposes of the definition of “Change of Control Triggering Event”) if each Rating Agency making the reduction in rating to which this definition would otherwise apply does not announce or publicly
confirm or inform the Issuer in writing that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable
Change of Control has occurred at the time of the Rating Event). 
 “S&P” means S&P Global Ratings, a division of S&P
Global Inc., and its successors. 
 “Voting Stock” means, with respect to any specified “person” (as that term is used
in Section 13(d)(3) of the Exchange Act) as of any date, any Capital Stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person or, if such person is not a corporation, any
governing body thereof performing a similar function. 
 As used under this caption “Offer to Purchase Upon Change of Control
Triggering Event,” all references to sections of the Exchange Act and to rules and regulations under the Exchange Act shall include any successor provisions thereto. 

For purposes of clarity, the Issuer confirms that (1) the provisions set forth under this caption “Offer to Purchase Upon Change of
Control Triggering Event” constitute covenants of the Issuer under the Indenture in respect of, and solely for the benefit of the Holders of, the Notes, (2) for purposes of Section 5.1(d), Section 5.10, Section 8.2 and any
other applicable provisions of the Indenture, the Notes shall be deemed to be the only series of Securities affected by such covenants or by any default in the performance, or breach, of any such covenants or any default or Event of Default
resulting therefrom or by any change therein or amendment thereto or waiver thereof and, without limitation to the foregoing, any such default or Event of Default shall be deemed to be a 

  
 Exhibit 1-10 

 
default or Event of Default, as the case may be, only with respect to the Notes, (3) such covenants shall constitute a “right of repayment at the option of the Securityholder” for
purposes of Section 8.2 of the Indenture and, without limitation to the foregoing, no supplemental indenture entered into pursuant to Article Eight of the Indenture shall reduce the amount payable in respect of, or extend the time for payment
of, any Notes pursuant to such covenants without the consent of the Holder of each Note so affected and (4) any failure by the Issuer to pay all or any part of the Change of Control Payment as and when required pursuant to such covenants shall
constitute an Event of Default with respect to the Notes under Section 5.1(b) of the Indenture. 
 [REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK] 

  
 Exhibit 1-11 

 IN WITNESS WHEREOF, Weyerhaeuser Company has caused this instrument to be signed and its
corporate seal attested by the manual or facsimile signatures of its duly authorized officers and has caused its corporate seal (or a facsimile thereof) to be affixed hereunto or imprinted hereon. 

Dated: 
  

							
		 		 	 WEYERHAEUSER COMPANY

 

							
	[SEAL]	 		 		 	

							
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  

			
	 Attest:
	 	  

	 Name:
	 	
	 Title:
	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein and referred to in the within- mentioned Indenture. 

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	  

	Authorized Signatory

  
 Note:
The signatures and the Trustee’s certificate of authentication may be moved to appear on the same page as the principal amount of this Security. 

  
 Exhibit 1-12 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

					
	TEN COM—as tenants in common    	 	UNIF GIFT MIN ACT - -                            
Custodian                             
	TEN ENT—as tenants by the entireties	 	                                  	 	        (Cust)                             
       (Minor)
	 JT TEN—as joint tenants with right of survivorship

and not as tenants in common
	 		 	 Under Uniform Gifts to Minors
 Act
                                         
                       

                          
      (State)

 Additional abbreviations may also be used though not in the above list. 

 

                       
                                         
                     
 FOR VALUE RECEIVED, the
undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto 
 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

 

					
	  	 	     

    
	  	

  
  

 
 PLEASE PRINT OR TYPEWRITE NAME AND
ADDRESS OF ASSIGNEE 
  
  

the within security and all rights thereunder, hereby irrevocably constituting and appointing 

 

			
	 	 	Attorney

 to transfer said security on the books of the Issuer with full power of substitution in the premises. 

 

									
	Dated:	  	  
	 	            	  	Signed:	  	  

 Notice: The signature to this assignment must correspond with the name as it appears upon the face of the
within security in every particular, without alteration or enlargement or any change whatever.EX-10.4

 Exhibit 10.4 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into effective as of May 20, 2019 (the
“Effective Date”) by and between Protexure Insurance Agency, Limited, a Delaware corporation (the “Company”), and F. Kyle Nieman (Executive”). 

RECITAL 
 WHEREAS,
the parties desire to enter into this Employment Agreement. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recital, the mutual covenants and agreements set forth herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, intending to be legally bound, the parties hereby agree as follows: 

1. Employment; Position and Duties. The Company agrees to employ Executive, and Executive agrees to be employed by the Company, upon
the terms and subject to the conditions of this Agreement. During the Employment Period (as defined below), Executive shall serve as of the Company. Executive shall report to the Board of Directors of the Company (the “Board”). In
such capacity, Executive agrees to devote his full time, energy and skill to the faithful performance of his duties herein, and shall perform the duties and carry out the responsibilities assigned to him to the best of Executive’s ability and
in a diligent, businesslike and efficient manner. Executive will not engage in any outside business activities that materially interfere with his obligations under this Agreement, and will not render services of a business, professional or
commercial nature for compensation or otherwise to any other person or entity. Executive shall comply with any policies and procedures established for Company employees. To the extent there is any conflict between those policies and this Agreement,
this Agreement shall govern. Executive shall travel to such places as reasonably necessary for the performance of his duties hereunder. 

2. Term of Employment. The Company shall employ Executive, and Executive shall serve the Company, from and after the Effective Date,
and such employment shall continue until December 31, 2019 and shall be automatically renewed for successive one year terms each December 31st thereafter unless either the Company or Executive gives notice to the other to the contrary at
least sixty (60) days prior to such date (the “Employment Period”). Notwithstanding anything to the contrary contained herein, either Executive or the Company may terminate Executive’s employment with the Company for any
reason, at any time, upon not less than sixty (60) days’ prior notice; provided that no prior notice shall be required from the Company if Executive is terminated by the Company for Cause (as defined below). Upon the termination of
Executive’s employment with the Company, the Company shall not have any further obligation or liability to pay any compensation or benefits to Executive, except as set forth in Section 4 of this Agreement. 

3. Compensation. During the Employment Period, Executive shall be compensated by the Company for his services as follows: 

 (a) Base Salary. Executive shall be paid an annual base salary (the “Annual
Base Salary’) of $347,500, effective as of the Effective Date. The Annual Base Salary shall be payable to Executive in accordance with the Company’s normal payroll procedures. Further increases in Executive’s Annual Base Salary
shall be as determined by the Compensation Committee of the Board of Directors of Amerinst Insurance Group, Ltd. (the “AMIG Compensation Committee”), with the approval of the Board. Executive’s Annual Base Salary may not be
reduced without the prior written consent of Executive. Executive will be notified by no later October 15th of his Annual Base Salary for the following year. 

(b) Performance Bonus. Executive shall be eligible to participate in an annual bonus plan (the “Bonus”), subject to
such terms and performance criteria as may be determined by the AMIG Compensation Committee, on an annual basis, with the approval of the Board by no later than October 15th of the preceding year. Executive’s eligibility to receive a Bonus
payable pursuant to this Section 3(b) with respect to any fiscal year shall be contingent upon Executive being continuously employed by the Company as a full time employee. Should the Executive’s employment be terminated by either
Executive or Company for any reason other than for Cause (as defined below), Executive will be entitled to payment of Bonus on a pro-rata basis. 

(c) Benefits. Executive shall have the right, on the same basis as other members of senior management of the Company, to participate in
and to receive benefits under the Company’s executive and employee benefit plans and insurance programs, including any incentive or deferred compensation plans, as may be in effect from time to time, subject to any applicable waiting periods
and other restrictions (the “Benefits”). 
 (d) Benefits. Executive shall have the right, on the same basis as other
members of senior management of the Company, to participate in and to receive benefits under the Company’s executive and employee benefit plans and insurance programs, including any incentive or deferred compensation plans, as may be in effect
from time to time, subject to any applicable waiting periods and other restrictions (the “Benefits”). 
 (e)
Expenses. Executive shall be entitled to receive reimbursement for business expenses incurred by Executive in the normal and ordinary course of his employment by the Company pursuant to the Company’s standard business expense
reimbursement policies and procedures, which policies and procedures shall be administered in compliance with applicable federal law. Executive shall provide the Company with documentation evidencing all requests for reimbursement of business
expenses. 
 4. Benefits Upon Termination. 

(a) Termination for Cause or Termination for Other than Good Reason. (i) In the event of the termination of Executive’s
employment by the Company for Cause (as defined below), the termination of Executive’s employment by reason of Executive’s death or Disability (as defined below), or the termination of Executive’s employment by Executive for any
reason other than for Good Reason (as defined below), Executive shall be entitled to no further compensation or benefits from the Company other than (A) any portion of Executive’s Annual Base Salary that had accrued but had not yet been
paid (including any amount for accrued and unused vacation payable in accordance with the Company’s vacation policy then in effect or applicable law), (B) Bonus earned on a pro-rata basis except if Executive’s termination is for Cause
then no Bonus shall be paid, (C) any reimbursement due to Executive pursuant to Section 3(d) under the Company’s standard business expense reimbursement policies and procedures and (C) any amounts payable to him pursuant
to the Incentive Share Plan or any other incentive or deferred compensation plan as may exist as the time of termination. 

  
 2 

 (ii) For purposes of this Agreement, “Cause” means a
finding by the Board or a committee thereof that Executive has (A) committed a felony or a crime involving moral turpitude, (B) committed any act of fraud, (C) refused to substantially perform Executive’s duties (other than by
reason of a physical or mental impairment) or to implement the reasonable directives of the Company (which, if curable, is not cured within 30 days after notice thereof to Executive by the Board of a committee thereof), (D) materially violated
any policy of the Company (which, if curable, is not cured within 30 days after notice thereof to Executive by the Board or a committee thereof), or (E) engaged in conduct that is materially injurious to the Company, monetarily or otherwise.

 (iii) For purposes of this Agreement, “Disability” shall mean the inability, due to documented illness,
accident, injury, physical or mental incapacity or other disability, of Executive to carry out effectively Executive’s primary duties and obligations to the Company and its subsidiaries or to participate effectively and actively in the
management of the Company and its subsidiaries for a period of at least 90 consecutive days or for shorter periods aggregating at least 120 days (whether or not consecutive) during any twelve-month period, as determined in the reasonable judgment of
the Board. 
 (iv) For purposes of this Agreement, a termination for “Good Reason” shall occur if Executive
terminates his employment after the Company has, without Executive’s consent, (A) materially reduced his duties or (B) significantly reduced Executive’s Annual Base Salary or Benefits (other than any reduction as required by
law). Executive must provide notice to the Company within a period not to exceed sixty (60) days of the initial existence of such “Good Reason” condition. Upon such notice, the Company shall have a period of thirty (30) days
during which it may remedy the condition and, if not so remedied, Executive shall terminate his employment within thirty (30) days thereafter. 

(b) Termination Without Cause or Termination for Good Reason. If Executive’s employment is terminated by the Company for any
reason (including but not limited to non-renewal of the Employment Agreement) other than for Cause or Disability, or if Executive’s employment is terminated by Executive for Good Reason, Executive shall be entitled to receive an amount equal to
100% of the Executive’s Annual Base Salary, in addition to the amounts set forth in Section 4(a), which shall be paid in accordance with the Company’s normal payroll procedures commencing on the Company’s first payroll date
following expiration of the revocation period of the general release required pursuant to Section 4(c) below. 
 (c) Release.
Notwithstanding anything to the contrary herein, no payments shall be due under Section 4(b): (i) unless and until Executive shall have executed and not revoked, within thirty (30) days after Executive’s termination date
(or such other longer period as required by applicable law), a separation agreement and general release and waiver of claims against the Company in a customary form reasonably acceptable to the Company (the release will not release claims to
(A) the payments or contractual obligations contemplated by Section 4(a) and (b)), and (B) Executive’s right to receive COBRA continuation coverage in accordance with applicable law) or (ii) if Executive
breaches the confidentiality, non- 

  
 3 

 competition, non-solicitation or non-hire covenants set forth in Sections 6 and 7 of this
Agreement. If the cash severance hereunder is considered deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code’), and the period to consider and revoke the general release and waiver
of claims spans two calendar years, the payments will begin in the second calendar year provided the release becomes effective. Any severance payments that would have been made during the release consideration and revocation period will be
accumulated and paid on the first installment payment date. 
 5. Section 409A of the Code. 

(a) Except to the extent earlier payment is permitted by Section 409A of the Code and the regulations promulgated thereunder, in the
event that any amount due to Executive hereunder alter the termination of his employment shall be considered to be deferred compensation pursuant to Section 409A of the Code, and it is determined that Executive is a “specified
employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, then the Company shall delay the payment of such amount for six (6) months after the termination of Executive’s employment (or until Executive’s death, if
earlier) or for such other amount of time as may be necessary to comply with the requirements of Section 409A(a)(2)(B)(i) of the Code. 

(b) This Agreement is intended to comply and shall be administered in a manner that is intended to comply with Section 409A of the Code
and the interpretative guidance thereunder or be exempt therefrom, including the exceptions for short-term deferrals and separation pay arrangements. This Agreement shall be construed and interpreted in accordance with such intent. In addition, each
payment shall be considered a separate payment for purposes of Section 409A of the Code, and any termination of employment under this Agreement shall mean a separation from service as defined in Section 409A of the Code and Treas. Reg.
§ 1.409A-1(h)(1)(ii) (or other similar or successor provision) for purposes of any amounts considered deferred compensation subject to Section 409A of the Code. To the extent any reimbursements or in-kind benefit payments under this
Agreement are subject to Section 409A, such reimbursements and in-kind benefit payments shall be made in accordance with Treas. Reg. § 1.409A-3(i)(1)(iv) (or any similar or successor provisions). The parties agree to make such other
amendments to this Agreement as are necessary to comply with the requirements of Section 409A of the Code if Section 409A is applicable to this Agreement. 

6. Confidentiality. From and after the Effective Date, Executive shall treat and hold as confidential any proprietary information of
the business and affairs of the Company that is not already generally available to the public or that does not become generally available after the date of this Agreement without any violation by Executive of his obligations hereunder (the
“Confidential Information”), refrain from using any of the Confidential Information except in the ordinary course operation (consistent with past custom and practice) of the Company and, upon termination of Executive’s
relationship with the Company, deliver promptly to the Company or destroy, at the request and option of the Company, all tangible embodiments (and all copies) of the Confidential Information which are in the possession or under the control of
Executive. “Person” shall mean any individual, sole proprietorship, partnership, joint venture, trust, unincorporated association, corporation, limited liability company, or other entity or any governmental authority. 

  
 4 

 7. Covenants Not to Compete or Solicit. 

(a) Non-Competition. During the Employment Period and for a period of twelve (12) months following the termination of
Executive’s employment for any reason (the “Non-Compete Period”), Executive shall not, directly or indirectly, anywhere in the Geographic Area, either for himself or through any other Person, have an ownership interest in,
manage, participate, operate, control, permit Executive’s name to be used by, perform services for or otherwise become involved in (whether as an officer, director, manager, employee, investor, partner, proprietor, stockholder, member, trustee,
consultant, agent, representative, broker, promoter or otherwise), any Person engaging in a Competing Business. Notwithstanding the foregoing, nothing in this Section 7(a) shall prohibit Executive from having a passive ownership interest
of not more than one percent (1.0%) of any publicly traded entity whose securities have been registered under the Securities Act of 1933, as amended, or Section 12 of the Securities Exchange Act of 1934, as amended, so long as Executive
participates in any way in the management, operation or control of such public traded entity. For the purpose of this Agreement, the term (i) “Competing Business” shall mean the business conducted by the Company during the last
twenty-four (24) months of Executive’s employment, including, for the avoidance of doubt, the soliciting, underwriting, quoting, binding, issuing, cancelling, non-renewing and endorsing medium and small size accountants’ professional
liability and lawyers’ professional liability insurance, and the provision of other professional services and products to clients in the insurance industry, and (ii) “Geographic Area” shall mean the United States of
America. 
 (b) Non-Solicitation. During the Non-Compete Period, Executive shall not, directly or indirectly, anywhere in the
Geographic Area, either for himself or through any other Person, (i) induce or attempt to induce any current or former (within the one (1) year period immediately preceding such action) employee to leave the employ of the Company, or in
any way interfere with the relationship between such employee and the Company, (ii) hire any current or former employee (within the previous one (1) year period) of the Company or (iii) call on, solicit or service any current, former
(within the one (1) year period immediately preceding such action) customer or Prospective Customer for the sale of goods or services competitive with those offered by the Company or induce or attempt to induce such Person to cease doing or
decrease its business with the Company, or in any way interfere with the relationship between any customer, supplier, licensee, licensor or other business relation and the Company (including making any negative statement or communication that is
intended to or could reasonably be expected to disparage the Company). For the purpose of this Agreement, the term “Prospective Customer” shall mean any person or entity to which the Company has made a bid or proposal, which remains
open, at any time in the one (1) year period immediately preceding such action by Executive. 
 8. Enforceability and Breaches.

 (a) If any restrictive covenant contained herein is unenforceable with respect to the duration and geographic area of restriction of the
covenant, then the duration and geographic area of restriction shall be reduced to the maximum duration and geographic area of restriction deemed legal, valid and enforceable and that come closest to expressing the intention of the parties with
respect to the covenant, and the covenant shall be enforceable as so modified. The parties agree that a court with proper jurisdiction shall be allowed to reduce the restrictive covenants contained herein to the maximum duration and geographic area
of restriction deemed legal, valid and enforceable. 

  
 5 

 (b) Executive acknowledges and agrees that, in the event of a breach or threatened breach by
Executive of any of the provisions of this Agreement, monetary damages shall not constitute a sufficient remedy. Consequently, in the event of any such breach or threatened breach, the Company may (and shall be entitled to), in addition to other
rights and remedies existing in its favor, apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce or prevent any violations of the provisions of this Agreement
(including the extension of the Non-Compete Period by a period equal to the length of court proceedings necessary to stop such violation), in each case without the requirement of posting a bond or proving actual damages. 

9. Development of Inventions, Improvements or Know-How. 

(a) Disclosure Obligation. Executive shall disclose fully and promptly to the Company any and all promotional and advertising
materials, catalogs, brochures, plans, customer lists, distributor lists, supplier lists, manuals, handbooks, information relating to customers, distributors or suppliers or their respective employees, inventions, discoveries, improvements, trade
secrets, secret processes and any technology, know-how or intellectual property made or developed or conceived of by Executive, in whole or in part, alone or with others, which results from any work Executive may do for, or at the request of the
Company or which relates to the business, operations, activities, research, investigations or obligations of the Company, including, without limitation, any and all facts, test data, findings, designs, formulas, processes, sketches, drawings, models
and figures (collectively, “Work Product”). 
 (b) Assignment. All Work Product is deemed a “work of hire”
in accordance with the U.S. Copyright Act and is owned exclusively by the Company. If and to the extent, any of the Work Product is not considered a “work of hire,” Executive does hereby assign to the Company and shall, without further
compensation, assign to the Company, Executive’s entire right, title and interest in and to all Work Product. At the Company’s expense and at the Company’s request, Executive shall provide reasonable assistance and cooperation,
including, without limitation, the execution of documents in order to obtain, enforce and/or maintain the Company’s proprietary rights in the Work Product throughout the world. Executive appoints the Company as his agent and grants the Company
a power of attorney for the limited purpose of executing all such documents. 
 (c) Publication. Executive shall not publish or
submit for publication, or otherwise disclose to any person or entity other than the Company, any data or results from Executive’s work on behalf of the Company without the prior written consent of the Board. 

10. Incentive Shares. The parties acknowledge that pursuant to the Prior Employment Agreement (as defined below), Executive was granted
certain Phantom Shares of Amerinst Insurance Group, Ltd. (“AMIG”), which grant from and after the Effective Date shall be governed by that certain 2019 Incentive Phantom Share Plan of AMIG, a copy of which has been provided to
Executive (the “Incentive Share Plan”), and each such Phantom Share shall be converted into one and shall constitute one vested Incentive Share (under and as defined in the Incentive Share Plan) and shall be subject to the terms and
conditions of the Incentive Share Plan. 

  
 6 

 11. Dispute Resolution. In the event of any dispute or claim relating to or arising
out of this Agreement (including, without limitation, any claims of breach of contract, wrongful termination or age, sex, race or other discrimination), Executive and the Company agree that all such disputes shall be fully and finally resolved by
binding arbitration conducted by the American Arbitration Association in Chicago, Illinois in accordance with its National Employment Dispute Resolution rules, as those rules are currently in effect (and not as they may be modified in the future).
Executive acknowledges that by accepting this arbitration provision Executive is waiving any right to a jury trial in the event of such dispute. Notwithstanding the foregoing, this arbitration provision shall not apply to any disputes or claims
relating to or arising out of the misuse or misappropriation of trade secrets or proprietary information or breach of restrictive covenants. 

12. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois, without
regard to any choice of law or conflict of laws rules, provisions or principles. 
 13. Successors and Assigns. This Agreement shall
inure to the benefit of and be binding upon the Company and its successors and assigns. The Company may assign this Agreement to any Affiliate. For purposes of this Agreement, “Affiliate” of the Company means any other Person
controlling, controlled by or under common control with the Company, where “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person whether through the
ownership or voting securities, by contract or otherwise. In view of the personal nature of the services to be performed under this Agreement by Executive, he shall not have the right to assign or transfer any of his rights, obligations or benefits
under this Agreement, except as otherwise noted herein. 
 14. Entire Agreement. This Agreement, together with the Incentive Share
Plan, constitutes the entire agreement between Executive and the Company regarding the terms and conditions of his employment. This Agreement supersedes all prior negotiations, representations or agreements between Executive and the Company, whether
written or oral, concerning Executive’s employment, including, without limitation, the Employment Agreement dated November 24, 2009 by and between the Company and Executive (the “Prior Employment Agreement”); provided,
however, that this Agreement shall not affect the respective rights and obligations of Executive and AMIG under that certain 2013 Stock Option Plan of AMIG. 

15. No Conflict. Executive represents and warrants to the Company that neither his entry into this Agreement nor his performance of his
obligations hereunder will conflict with or result in a breach of the terms, conditions or provisions of any other agreement or obligation to which Executive is a party or by which Executive is bound, including, without limitation, any
non-competition or confidentiality agreement previously entered into by Executive. 
 16. Validity. If any one or more of the
provisions (or any part thereof) of this Agreement shall be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions (or any part thereof) shall not in any way be affected or
impaired thereby. 

  
 7 

 17. Modification. This Agreement may not be modified or amended except by a written
agreement signed by Executive and the Company. 
 18. Withholding. All payments made to Executive pursuant to this Agreement shall be
subject to applicable withholding taxes, if any, and any amount so withheld shall be deemed to have been paid to Executive for purposes of amounts due to Executive under this Agreement. 

19. Counsel. Each party has been represented by his or its own counsel in connection with the negotiation and preparation of this
Agreement, and, consequently, each party waives the application of any rule of law that would otherwise be applicable in connection with the interpretation of this Agreement, including, but not limited to, any rule of law to the effect that any
provision of this Agreement will be interpreted or construed against the party whose counsel drafted that provision 
 20. Survival.
Sections 4 through 21 will survive and continue in full force in accordance with their terms notwithstanding the termination of the Employment Period. 

21. Counterparts. This Agreement may be executed simultaneously in counterparts (including by means of electronically transmitted
reproductions of signature pages), each of which shall be deemed an original, but all of which together constitute one and the same instrument. 

[Signature Page Follows] 

  
 8 

 IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the
date and year first written above. 
  

			
	PROTEXURE INSURANCE AGENCY, LIMITED
		
	By:	 	/s/ F. Kyle Nieman
	 Name: F. Kyle Nieman
 Title:
President & CEO

  

			
	 EXECUTIVE

		
	 	 	 /s/ Jerome A. Harris

		 	

 {Signature Page to Employment Agreement}

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