Document:

Exhibit 10.35

 Exhibit 10.35 

CAMDEN PINNACLE 
 IMPROVED
COMMERCIAL PROPERTY EARNEST MONEY CONTRACT 
 Article 1: General Provisions 

1.1 Contract. Subject to the terms and conditions of this Improved Commercial Property Earnest Money Contract (the
“Contract”), ORI PARK, INC., a Nevada corporation (“Seller”) agrees to sell to Purchaser (as identified below), and Purchaser agrees to purchase from Seller, that certain residential apartment complex located at
1420 West 116th Avenue, Westminster, Colorado commonly known as the “Camden Pinnacle Apartments” consisting of (i) the real property described in Exhibit A, attached
hereto and made a part hereof, together with all improvements and fixtures located thereon and all appurtenances and easements relating thereto and all right, title and interest of Seller in and to any unpaid award for the taking by eminent domain
of any part of the aforesaid tract of land or for damage to such tract of land by reason of a change of grade of any street (the “Real Property”); (ii) the interest of Seller in all leases, tenancies, licenses and other
agreements, including all amendments thereto, for the use or occupancy of any portion of the of the Real Property, including leases which may be entered into by Seller after the Effective Date and prior to Closing as permitted by this Contract, and
all guaranties in connection therewith (the “Leases”); (iii) all of Seller’s right, title and interest, in and to all fixtures, furniture, equipment, and other tangible personal property, if any, owned by Seller (the
“Personal Property”) presently located on the Real Property (but expressly excluding all computer equipment, computer networking equipment, check scanners, facsimile machines, photocopiers, any and all licenses and software in
connection with any of the foregoing exclusions, project signage bearing any name, logo or trademark of Seller or any of its affiliates, golf carts and other motorized vehicles and any items of personal property owned by tenants, any managing agent
or others); and (iv) all of Seller’s right, title and interest, if any, in and to all of the following items, to the extent assignable and without warranty, all entitlements and intangible personal property in connection with or arising
out of the design, construction, ownership, occupancy, use, management, operation, maintenance, repair or ownership of the Real Property (the “Intangible Personal Property”), including without limitation: (a) licenses, permits
governmental approvals and certificates of occupancy relating to the operation of the Real Property, (b) the right to use the name of the Real Property (if any) in connection with the Real Property (but expressly excluding any right to use the
name “Camden”, or any derivation thereof, and any other names, logos and trademarks owned by Seller or any of its affiliates), (c) if still in effect, guaranties and warranties received by Seller from any unrelated third party,
contractor, manufacturer or other person in connection with improvements to or operation of the Real Property, and (d) all local phone numbers and facsimile numbers for the Real Property (the Real Property, the Leases, the Personal Property and
the Intangible Personal Property are referred to herein collectively as, the “Property”). 
 1.2 Defined Terms. The
following defined terms shall have the meanings set forth below: 
  

					
		 	1.2.1 Seller:	  	As set forth in Section 1.1
			
		 	1.2.2 Purchaser:	  	Resource Real Estate Opportunity OP, LP or its permitted assignee

					
		 	1.2.3 Purchase Price:	  	$24,250,000.00
			
		 	1.2.4 Earnest Money:	  	$500,000.00 together with any interest earned thereon
			
		 	1.2.5 Intentionally Omitted	  	
			
		 	1.2.6 For Cause Reason	  	A termination by Purchaser of this Contract (a) pursuant to the termination rights of Purchaser under any of Sections 2.9, 4.3, 4.4, 4.6 or 8.6 or (b) due to Purchaser’s dissatisfaction with the environmental condition of
the Property
			
		 	1.2.7 Title Company	  	 Chicago Title Company
 Commercial
Division
 5501 LBJ Freeway, Suite 200
 Dallas, Texas 75240

Attn: Eric Dahlberg
 Telephone: (214) 987-6777

Facsimile: (214) 987-6788
 email:
eric.dahlberg@cttdallas.com

			
		 	1.2.8 Escrow Agent:	  	The Title Company shall act as Escrow Agent
			
		 	1.2.9 Seller’s Broker:	  	Moran & Company (David Martin)
			
		 	1.2.10 Effective Date:	  	September 4, 2013
			
		 	1.2.11 Inspection Period:	  	The period which commenced on the Effective Date and which ends on September 20, 2013 at 5:00pm (Mountain Daylight Time).
			
		 	1.2.12 Closing Date:	  	September 30, 2013.
			
		 	1.2.13 Business Day	  	Any day which is not a Saturday, Sunday or holiday on which national banks operating in the State of Colorado are authorized to be closed.
			
		 	1.2.14 Service Contracts	  	Those service, maintenance and operational contracts in effect with respect to the Real Property which must be assumed by Purchaser at Closing, all of which are identified on Exhibit H attached hereto and made a part
hereof.

  
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 1.3 Closing Costs. Closing costs shall be allocated and paid as follows: 

 

			
	 Cost
	  	 Responsible Party

		
	Premium for standard form Owner’s Title Insurance Policy	  	Seller
		
	Premium for extended coverage and any endorsements	  	Purchaser
		
	Costs of new Survey provided by Seller and revisions, modifications or re-certifications thereto	  	Purchaser
		
	Any costs or fees required to transfer the guaranties or warranties, if any, being assigned to Purchaser	  	Purchaser
		
	Recording Fees	  	
		
	 (i)     Deed
	  	Purchaser
		
	 (ii)    Instruments to remove encumbrances that Seller is obligated to remove
	  	Seller
		
	Documentary fees, transfer taxes, stamp taxes, intangible taxes, recording taxes and other taxes and assessments applicable to real and personal property conveyances	  	Purchaser
		
	Any escrow fee charged by Escrow Agent for holding the Earnest Money or conducting the Closing	  	Seller 1/2
Purchaser 1/2
		
	 Real Estate Sales Commission to Seller’s Broker
	  	Seller

 1.4 Earnest Money. The Earnest Money, in immediately available federal funds, evidencing
Purchaser’s good faith to perform Purchaser’s obligations under this Contract, shall be deposited by Purchaser with the Escrow Agent not later than the third Business Day after the Effective Date. The Escrow Agent shall hold and disburse
the Earnest Money in accordance with the escrow provisions in Exhibit B. In the event that Purchaser fails to timely deposit the Earnest Money with the Escrow Agent, this Contract shall be of no force and effect. The Earnest Money shall be
applied to the Purchase Price at Closing. Except as expressly provided otherwise in this Contract, the Earnest Money shall be nonrefundable. 

1.5 Independent Contract Consideration. Seller and Purchaser agree and acknowledge that as Independent Contract Consideration (herein
so called) for Seller’s entering into this Contract (i) One Hundred and No/100 Dollars ($100.00) of the Earnest Money shall be paid to Seller if this Contract is terminated by Purchaser due to a For Cause Reason and (ii) Fifty
Thousand and No/100 Dollars ($50,000.00) of the Earnest Money shall be paid to Seller if this Contract is terminated by Purchaser for any reason other than a For Cause Reason. Moreover, Seller and Purchaser agree and acknowledge that the Independent
Contract Consideration has been bargained for and agreed as additional consideration for Seller’s execution and delivery of this Contract. At Closing, the Independent Contract Consideration shall be applied to the Purchase Price. 

Article 2: Inspections, Title Review 

2.1 Property Information. To the extent not previously provided, Seller shall make available to Purchaser, to the extent in
Seller’s possession or control, copies of, or access to with the right to copy, within three (3) Business Days after the Effective Date, the materials as may be listed on Exhibit C attached hereto and made a part hereof (the
“Property Information”). 

  
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 Except as otherwise expressly provided herein, Seller makes no representations or warranties as
to the accuracy or completeness of the Property Information or any other documents and information Seller may provide to Purchaser. 
 2.2
Confidentiality. The Property Information and all other information furnished to, or obtained through inspection of the Property by, Purchaser or Purchaser Parties (hereinafter defined) is herein called “Confidential
Information.” The term “Confidential Information” shall not include (i) matters of public record, (ii) information available to Purchaser from third parties who do not have a duty to Seller to keep such information
confidential, (iii) matters generally known to the public, and (iv) matters already known to Purchaser or any of its affiliates, lenders, employees, attorneys, accountants and other professionals or agents relating to the Property
(“Purchaser Parties”). Confidential Information will be treated by Purchaser and Purchaser Parties as confidential, and will not be disclosed to anyone other than Purchaser’s consultants and Purchaser Parties who agree to
maintain the confidentiality of the Confidential Information, and will, if requested by Seller in writing, be destroyed or returned to Seller by Purchaser if the Closing does not occur for any reason. In such an event, and at Seller’s request,
an officer of Purchaser shall certify that all of the Confidential Information has been destroyed or returned to Seller. Purchaser agrees to use the Confidential Information only for the purpose of evaluating the purchase of the Property and not in
any other manner and agrees not to use the Confidential Information in any way which is directly detrimental to the Seller, or to directly interfere with, circumvent or attempt to circumvent the interests of the Seller or its affiliates in the
Property. The confidentiality provisions of this Section 2.2 shall not apply to any disclosures made by Purchaser as required by law, by court order, or in connection with any subpoena served upon Purchaser; provided that Purchaser shall
provide Seller with prior written notice before making any such disclosure. Purchaser’s obligations under this Section 2.2 shall survive termination of this Contract for a period of twelve (12) months. 

2.3 Inspections in General. Commencing on the Effective Date, Purchaser, its agents, and employees shall have the right to enter upon
the Real Property for the purpose of making non-invasive inspections at Purchaser’s sole risk, cost and expense. Prior to any entry onto the Real Property, Purchaser shall provide Seller with evidence that Purchaser maintains commercial general
liability insurance with coverage in an amount not less than $2,000,000 per occurrence and $5,000,000 aggregate, issued by an insurer acceptable to Seller, in form and substance acceptable to Seller and which names Seller and its property manager as
additional insureds under such insurance. All of such entries upon the Real Property shall be at reasonable times during normal business hours and after at least 24 hours prior notice to Seller, and Seller or Seller’s agent shall have the right
to accompany Purchaser during any activities performed by Purchaser on the Real Property. Upon reasonable prior written notice and request from Purchaser, Seller shall notify tenants of the Real Property and permit Purchaser to view occupied units,
subject to the rights of tenants under their Leases and except to the extent specifically prohibited in such tenants’ Leases. Provided Purchaser does not purchase the Property for any reason other than Seller’s breach of its obligations
under this Contract, within ten (10) days after Seller’s request, Purchaser shall provide Seller with a copy of any written reports from third-parties actually received by Purchaser with regard to such tests and inspections (collectively,
the “Purchaser’s Reports”); however, the furnishing of copies of Purchaser’s Reports shall be 

  
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without any representation or warranty, express or implied, as to the accuracy, completeness or any other matter regarding such reports, tests and inspections nor shall Seller have any right to
use or rely on same without the express written consent of the preparer of such reports. Purchaser does not warrant or represent that Seller will be able to obtain such consent. Purchaser shall not be obligated to provide any market or economic
feasibility studies, reports, data or analyses prepared by or for Purchaser. If any inspection or test disturbs all or any portion of the Real Property, Purchaser will restore such Real Property to substantially the same condition as existed before
the inspection or test. Except to the extent arising out of the negligence or willful misconduct of Seller, its property manager, or their respective trustees, directors, affiliates, parents, shareholders, officers, tenants, partners, agents,
counsel, contractors and employees, Purchaser shall indemnify, defend, and hold harmless Seller, its property manager, and their respective trustees, directors, affiliates, parents, shareholders, officers, tenants, partners, agents, counsel,
contractors and employees from and against any and all losses, costs, damages, claims, or liabilities, including but not limited to, mechanic’s and materialmen’s liens and Seller’s and property manager’s attorneys’ fees,
arising out of or in connection with Purchaser’s or its agents’ entry on the Real Property and any inspections of the Real Property. The provisions of this paragraph shall survive the Closing or the earlier termination of this Contract and
shall not be merged into the Deed or other closing documents. 
 2.4 Environmental Inspections. The inspections under
Section 2.3 may include a non-invasive Phase I environmental inspection of the Real Property, but no Phase II environmental inspection or other invasive inspection or sampling of soil, water, air or other materials, including without
limitation construction materials for analytical testing, either as part of the Phase I inspection or any other inspection, shall be performed without the prior written consent of Seller, which may be withheld in Seller’s sole and absolute
discretion, and if consented to by Seller, the proposed scope of work and the party who will perform the work shall be subject to Seller’s reasonable review and approval. At Seller’s written request, Purchaser shall deliver to Seller
copies of any Phase II or other environmental report to which Seller consents as provided above. 
 2.5 Termination During Inspection
Period. If Purchaser determines, in Purchaser’s sole discretion, that the Property is not suitable for Purchaser’s intended use or purpose, or for any reason or no reason whatsoever, Purchaser may, on or before the expiration of the
Inspection Period, deliver a written notice to Seller electing to terminate this Contract (the “Termination Notice”). If Purchaser fails to deliver the Termination Notice to Seller prior to the expiration of the Inspection Period,
Purchaser shall be conclusively deemed to have accepted the Property for all purposes and Purchaser shall continue to perform all its obligations in accordance with the terms of this Contract. In the event Purchaser terminates this Contract by
timely delivery of the Termination Notice such Termination Notice shall, if the termination is due to a For Cause Reason state such For Cause Reason with reasonable specificity. In the event Purchaser terminates this Contract the Earnest Money, less
the applicable Independent Contract Consideration, shall be immediately returned to the Purchaser by the Escrow Agent, the applicable Independent Contract Consideration shall be immediately paid to Seller by the Escrow Agent. Following any
termination under this Section 2.5 neither Seller nor Purchaser shall have any further liability to the other under this Contract except for such obligations of Purchaser which expressly survive the termination of this Contract. 

  
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 2.6 AS-IS SALE/PURCHASER’S RELIANCE ON ITS INVESTIGATIONS/RELEASE. EXCEPT
FOR THE REPRESENTATIONS AND WARRANTIES EXPRESSLY PROVIDED BY SELLER IN SECTION 7.1 BELOW, PURCHASER AGREES (I) THAT IT IS PURCHASING THE PROPERTY ON AN “AS-IS, WHERE-IS” AND “WITH ALL FAULTS” BASIS AND BASED
EXCLUSIVELY ON ITS OWN INVESTIGATION AND EXAMINATION OF THE PROPERTY, (II) THAT NEITHER SELLER NOR ITS EMPLOYEES, OFFICERS, DIRECTORS, TRUSTEES, PRINCIPALS, AGENTS, CONSULTANTS, AFFILIATES, PARENTS, BROKERS, PROPERTY MANAGERS, ATTORNEYS,
CONTRACTORS, AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS (COLLECTIVELY, “REPRESENTATIVES”) HAVE MADE, AND SELLER AND ITS REPRESENTATIVES DO NOT MAKE AND SPECIFICALLY NEGATE AND DISCLAIM ANY WARRANTY OR REPRESENTATION OF ANY KIND OR
CHARACTER WHETHER EXPRESS, IMPLIED OR STATUTORY, WRITTEN OR ORAL, PAST, PRESENT OR FUTURE, OF, AS TO, CONCERNING OR WITH RESPECT TO ANY MATTER PERTAINING TO THE PROPERTY INCLUDING WITHOUT LIMITATION: (A) THE VALUE OF PROPERTY; (B) ANY
INCOME TO BE DERIVED FROM THE PROPERTY; (C) THE SUITABILITY OF THE PROPERTY FOR ANY AND ALL ACTIVITIES AND USES WHICH PURCHASER MAY CONDUCT THEREON, INCLUDING THE POSSIBILITIES FOR FUTURE DEVELOPMENT OF THE PROPERTY; (D) THE HABITABILITY,
MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY; (E) THE MANNER, QUALITY, STATE OF REPAIR OR LACK OF REPAIR ON THE PROPERTY; (F) THE NATURE, QUALITY OR CONDITION OF THE PROPERTY, INCLUDING,
WITHOUT LIMITATION, WATER, WATER RIGHTS, SOIL, OR GEOLOGICAL CONDITIONS; (G) THE COMPLIANCE OF OR BY THE SELLER, THE PROPERTY, OR ITS OPERATION WITH ANY CODES, LAWS, RULES, ORDINANCES, REGULATIONS OF ANY APPLICABLE GOVERNMENTAL AUTHORITY OR
BODY, INCLUDING, WITHOUT LIMITATION, ANY APPLICABLE ZONING OR BUILDING REQUIREMENTS; (H) THE NATURE, MANNER OR QUALITY OF THE CONSTRUCTION OR MATERIALS INCORPORATED INTO THE PROPERTY, INCLUDING, WITHOUT LIMITATION, ANY LATENT OR PATENT DEFECTS;
(I) THE DESIGN OF THE PROPERTY, INCLUDING, WITHOUT LIMITATION, THE SPECIFICATION OF ANY MATERIALS OR PRODUCTS INCORPORATED INTO OR USED IN CONNECTION WITH THE CONSTRUCTION OF THE PROPERTY; (J) COMPLIANCE WITH ANY ENVIRONMENTAL, HEALTH,
SAFETY OR LAND USE LAWS, RULES, REGULATIONS, ORDERS, CODES OR REQUIREMENTS, INCLUDING, BUT NOT LIMITED TO, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE FEDERAL WATER POLLUTION CONTROL ACT, THE FEDERAL RESOURCE CONSERVATION AND RECOVERY ACT, THE
U.S. ENVIRONMENTAL PROTECTION AGENCY REGULATIONS AT 40 CFR, PART 261, THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION AND LIABILITY ACT OF 1980, AS AMENDED (“CERCLA”), THE RESOURCE CONSERVATION AND RECOVERY ACT OF 1976, THE
CLEAN WATER ACT, THE SAFE DRINKING WATER ACT, THE HAZARDOUS MATERIALS TRANSPORTATION ACT, THE TOXIC SUBSTANCE CONTROL ACT, AND REGULATIONS PROMULGATED UNDER ANY OF THE FOREGOING AS WELL AS 

  
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ANY AND ALL OTHER LAWS, ORDINANCES, RULES AND/OR REGULATIONS CREATED OR IMPOSED BY ANY GOVERNMENTAL AUTHORITY HAVING JURISDICTION OVER THE PROPERTY, WHETHER LOCAL, STATE OR FEDERAL, PERTAINING TO
ENVIRONMENTAL REGULATION, CONTAMINATION, CLEAN-UP OR DISCLOSURE, AS NOW EXISTING AND/OR AS HEREAFTER AMENDED. (COLLECTIVELY, “ENVIRONMENTAL LAWS”); (K) THE PRESENCE OR ABSENCE OF “HAZARDOUS MATERIALS” (AS DEFINED
BELOW) AT, ON, OR UNDER THE PROPERTY OR ANY PROPERTY NEAR OR ADJACENT TO THE PROPERTY; (L) THE PRESENCE OR ABSENCE OF ANY UNDERGROUND STORAGE TANKS ON THE PROPERTY OR ON PROPERTY ADJACENT TO OR NEAR THE PROPERTY; (M) THE CONTENT,
COMPLETENESS OR ACCURACY OF ANY OF THE PROPERTY INFORMATION (AND ANY OTHER DOCUMENTS AND INFORMATION GIVEN TO OR REVIEWED BY PURCHASER), THE OFFERING, IF ANY, PREPARED BY SELLER’S BROKER, OR ANY OTHER MATERIALS RELATED TO PURCHASER’S
INSPECTION OF THE PROPERTY, OR ANY PRELIMINARY REPORTS, TITLE COMMITMENTS, OR OTHER REPORTS OR DOCUMENTS REGARDING TITLE TO THE PROPERTY; (N) THE TENANT OCCUPANCY LEVEL AT THE PROPERTY; (O) DEFICIENCY OF ANY UNDERSHORING;
(P) DEFICIENCY OF ANY DRAINAGE; (Q) THE FACT THAT ALL OR A PORTION OF THE PROPERTY MAY BE LOCATED IN OR NEAR ANY FLOOD AREA OR ZONE OR WETLANDS; (R) THE EXISTENCE OF VESTED LAND USE, ZONING OR BUILDING ENTITLEMENTS AFFECTING THE
PROPERTY (PURCHASER IS SOLELY RESPONSIBLE FOR OBTAINING ANY CERTIFICATION OF OCCUPANCY OR ANY OTHER APPROVAL OR PERMIT NECESSARY FOR TRANSFER OR OCCUPANCY OF THE PROPERTY); (S) THE SQUARE FOOTAGE OF THE PROPERTY OR THE CONFORMITY OF THE
IMPROVEMENTS TO ANY PLANS OR SPECIFICATIONS FOR THE PROPERTY, INCLUDING ANY PLANS AND SPECIFICATIONS THAT MAY HAVE BEEN PROVIDED TO PURCHASER; AND (T) ANY OTHER MATTER RELATING TO THE PROPERTY OR TO THE DEVELOPMENT OR OPERATION OF THE PROPERTY.
AS USED HEREIN, THE TERM “HAZARDOUS MATERIALS” SHALL MEAN ANY HAZARDOUS OR TOXIC MATERIALS, SUBSTANCES OR WASTES THAT ARE OR BECOME REGULATED BY ANY FEDERAL, STATE OR LOCAL GOVERNMENTAL AUTHORITY, INCLUDING, WITHOUT LIMITATION,
(I) SUBSTANCES DEFINED AS “HAZARDOUS SUBSTANCES,” “HAZARDOUS MATERIALS” OR “TOXIC SUBSTANCES” IN ANY ENVIRONMENTAL LAWS; (II) ANY MATERIALS, SUBSTANCES OR WASTES WHICH ARE TOXIC, IGNITABLE, RADIOACTIVE,
CORROSIVE OR REACTIVE AND WHICH ARE REGULATED BY ANY STATE OR LOCAL GOVERNMENTAL AUTHORITY OR ANY AGENCY OF THE UNITED STATES OF AMERICA; (III) ASBESTOS, MOLD, FUNGI, PETROLEUM AND PETROLEUM BASED PRODUCTS, UREA FORMALDEHYDE FOAM INSULATION,
POLYCHLORINATED BIPHENYLS (PCBS), AND FREON AND OTHER CHLOROFLUOROCARBONS; AND (IV) THOSE SUBSTANCES DEFINED AS ANY OF THE FOREGOING IN THE REGULATIONS ADOPTED AND PUBLICATIONS PROMULGATED PURSUANT TO EACH OF THE AFORESAID LAWS. PURCHASER
ACKNOWLEDGES THAT THE PURCHASE PRICE REFLECTS THE “AS-IS,” “WHERE-IS” NATURE OF THIS SALE AND ANY FAULTS, LIABILITIES, DEFECTS 

  
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OR OTHER ADVERSE MATTERS THAT MAY BE ASSOCIATED WITH THE PROPERTY AND PURCHASER’S AGREEMENT TO PURCHASE THE PROPERTY “AS-IS” IS A MATERIAL INDUCEMENT TO SELLER TO AGREE TO SELL
THE PROPERTY AT THE PURCHASE PRICE PROVIDED HEREIN. 
 WITHOUT LIMITING THE FOREGOING AND SUBJECT SOLELY TO THE SELLER’S
REPRESENTATIONS AND WARRANTIES IN SECTION 7.1 BELOW, PURCHASER, FOR ITSELF AND ITS AGENTS, PARENTS, AFFILIATES, SUCCESSORS AND ASSIGNS, WAIVES ITS RIGHT TO RECOVER FROM AND RELEASES AND FOREVER DISCHARGES SELLER, AND ITS REPRESENTATIVES FROM
ANY AND ALL CLAIMS, DEMANDS, LIABILITIES, LOSSES, DAMAGES, PENALTIES, FINES, LIENS, JUDGMENTS, COSTS OR EXPENSES (INCLUDING WITHOUT LIMITATION ATTORNEY FEES AND DISBURSEMENTS) WHATSOEVER (COLLECTIVELY “CLAIMS”) WHETHER AT LAW OR IN
EQUITY, WHETHER KNOWN OR UNKNOWN AT THE TIME OF THIS CONTRACT, WHICH PURCHASER HAS OR MAY HAVE IN THE FUTURE, ARISING OUT OF THE PHYSICAL (INCLUDING WITHOUT LIMITATION, DESIGN AND CONSTRUCTION DEFECTS), ENVIRONMENTAL, HEALTH, SAFETY, ECONOMIC OR
LEGAL CONDITION OF THE PROPERTY, INCLUDING, WITHOUT LIMITATION, ALL CLAIMS IN TORT OR CONTRACT AND ANY CLAIM FOR INDEMNIFICATION OR CONTRIBUTION ARISING UNDER ANY ENVIRONMENTAL LAWS OR ANY SIMILAR FEDERAL, STATE OR LOCAL STATUTE, RULE OR REGULATION
(INCLUDING ANY SUBSEQUENT AMENDMENT OR ADDITION THERETO AND JUDICIAL INTERPRETATIONS THEREOF). PURCHASER, FOR ITSELF AND ITS AGENTS, AFFILIATES, PARENTS, SUCCESSORS AND ASSIGNS UPON CLOSING, SHALL BE DEEMED TO HAVE WAIVED, RELINQUISHED AND RELEASED
SELLER, AND ITS REPRESENTATIVES FROM AND AGAINST ANY AND ALL MATTERS AFFECTING THE PROPERTY, EXCEPT THOSE THAT EXPRESSLY SURVIVE CLOSING HEREUNDER. PURCHASER ACKNOWLEDGES THAT PURCHASER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL OF
PURCHASER’S SELECTION AND PURCHASER IS GRANTING THIS WAIVER AND RELEASE OF ITS OWN VOLITION AND AFTER CONSULTATION WITH PURCHASER’S COUNSEL. 
  

			
		 	 KF

		 	Purchaser’s Initials

 THE AGREEMENT OF PURCHASER SET FORTH IN THIS SECTION 2.6 SHALL BE DEEMED TO BE AFFIRMED AS OF THE
CLOSING AND THE PROVISIONS OF THIS SECTION 2.6 SHALL SURVIVE INDEFINITELY THE CLOSING OR EARLIER TERMINATION OF THIS CONTRACT AND SHALL NOT BE MERGED INTO THE DEED OR OTHER CLOSING DOCUMENTS. 

2.7 Delivery of Title Commitment. To the extent not previously delivered to Purchaser, within three (3) days after the Effective
Date of this Contract, Seller shall cause to be delivered to Purchaser a title commitment issued by the Title Company to insure fee title to the Real Property (“Title Commitment”), together with copies of the vesting deed and all
documents referenced in the Title Commitment (the “Exception Documents”). 

  
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 2.8 Survey. On or about September 12, 2013, Seller shall deliver to Purchaser an
ALTA/ACSM survey for the Real Property prepared under the direction of Landco Services and dated after the Effective Date (a “Survey”). Purchaser shall, at Closing, reimburse Seller for the cost of the Survey. All costs and expenses
of modifications to the Survey which are required or requested by Purchaser shall be borne by Purchaser whether or not Closing occurs. 

2.9 Title Review and Cure. During the Inspection Period, Purchaser shall review title to the Real Property as disclosed by the Title
Commitment, the Exception Documents related thereto and the existing survey or Survey for such Real Property and, no later the expiration of the Inspection Period, Purchaser may deliver to Seller in writing (“Purchaser’s Objection
Notice”) such objections as Purchaser may have to anything contained or set forth in the Title Commitment, Exception Documents, or Survey. Except as hereinafter expressly set forth, any items to which Purchaser does not object within the
Inspection Period shall be deemed acceptable to Purchaser. Seller shall, within three (3) days of its receipt of Purchaser’s Objection Notice, advise Purchaser in writing (“Seller’s Response”) which objections, if
any, it shall cure or cause to be cured prior to the Closing. Seller shall have no obligation to cure any title exceptions except that Seller shall in all events be obligated to cause to be released on or before Closing, (i) all liens filed
against the Property created or assumed by Seller, (ii) all items, if any, Seller agrees to cure in the Seller’s Response, and (iii) any exceptions to title created by, through or under Seller after the Effective Date of this Contract
without Purchaser’s consent and not reflected on the Title Commitment prior to the expiration of the Inspection Period. If Seller fails to send Seller’s Response Seller shall be deemed to have declined to cure all objections set forth in
Purchaser’s Objection Notice. If Seller declines, or is deemed to have declined, to cure any item to which Purchaser objected in Purchaser’s Objection Notice, Purchaser shall have three (3) business days to elect to (x) terminate
this Contract (whereupon all sums paid as Earnest Money, less the applicable Independent Contract Consideration, shall be returned to Purchaser by the Escrow Agent, the applicable Independent Contract Consideration shall be immediately paid to
Seller by the Escrow Agent and thereafter neither Seller nor Purchaser shall have any further liability to the other under this Contract except for such obligations of Purchaser which expressly survive the termination of this Contract), or
(y) waive those objections in Purchaser’s Objection Notice which Seller is deemed to have declined to cure or which did not expressly agree in Seller’s Response to cure. In the event Purchaser fails to timely elect (x) or
(y) above, then Purchaser shall be conclusively deemed to have elected (y) above. Subject to Seller’s obligation to cure certain title matters as described above, all matters shown on the Title Commitment and Survey, except to the
extent Seller expressly agreed in Seller’s Response to cure such matters; all matters objected to in Purchaser’s Objection Notice which are subsequently waived, or deemed waived, by Purchaser, any defects in or objections to title to the
Real Property or title exceptions or encumbrances, arising, by, through or under Purchaser, real estate taxes or other assessments not yet due and payable, and the rights of tenants in possession, as tenants only, under the Leases, are herein
collectively called, the “Permitted Exceptions”. 
 2.10 Delivery of Title Policy as of Closing. As a condition to
Purchaser’s obligation to close, the Title Company shall be prepared, at Closing, to issue to Purchaser, an Owner’s Policy of Title Insurance for the Real Property (the “Title Policy”), effective as of the date and

  
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time of the recording of the Deed, in the amount of the Purchase Price, insuring Purchaser or its permitted assignee, as owner of good and indefeasible fee simple title to such Real Property, and
subject only to the Permitted Exceptions. Seller shall execute at Closing an affidavit as to authority, the rights of tenants in occupancy and the status of mechanics’ liens (and sufficient to remove from the Title Policy any exception for
mechanics’ liens filed against the Real Property which relate to any matters occurring prior to the Closing Date) in form acceptable to Seller and as the Title Company shall reasonably require for the issuance of the Title Policy. The Title
Policy may be delivered after Closing if that is customary in the locality where issued. 
 Article 3: Operations And Risk Of
Loss 
 3.1 Ongoing Operations. During the pendency of this Contract, Seller shall carry on its business and activities relating
to the Property, including the leasing of the Property, in substantially in the same manner as it did before the Effective Date. 
 3.2
Negative Covenants. Seller shall not (A) create or agree to any easements, liens, mortgages, encumbrances or other interests that would materially adversely affect the Property or Seller’s ability to comply with this Contract;
(B) initiate or consent to, approve or otherwise take any action with respect to zoning or any other governmental rules or regulations presently applicable to all or any part of the Real Property, other than as Seller reasonably deems
appropriate in its prudent operation of the Real Property; (C) fail to pay when due and payable all taxes and other public charges assessed against the Real Property or Seller; (D) fail to keep current and free from monetary or material
non-monetary default any and all secured financing against the Real Property; or (E) fail to pay in a timely fashion all proper bills for labor or services for work performed for or on behalf of Seller with respect to the Property. 

3.3 Compliance with Obligations. During the pendency of this Contract, Seller will perform its material obligations under the Leases
and Service Contracts and other material agreements which affect the Property. Seller shall maintain its current insurance policy in full force and effect and shall pay all required premiums and other charges. 

3.4 New Contracts. During the pendency of this Contract, Seller will not, without the prior consent of the Purchaser, enter into any
contract that will be an obligation affecting the Property subsequent to the Closing, except (a) Leases in the ordinary course of business, with terms of not more than fifteen months and in accordance with Seller’s business practices in
effect prior to the Effective Date and (b) contracts entered into in the ordinary course of business that are terminable as of the Closing Date and without penalty or cancellation fee. 

3.5 Hazardous Materials. Seller shall not use, produce, process, manufacture, generate, treat, handle, store or dispose of any
Hazardous Materials in violation of Environmental Law on or under the Real Property. Seller shall promptly furnish to Purchaser copies of all written communications received by Seller from any person (including notices, complaints, claims or
citations that any release or threatened release of any Hazardous Materials or any violation of any Environmental Law has actually or allegedly occurred) or given by Seller to any person concerning any past or present release or threatened release
of any Hazardous Substances in, on or under the Real Property (or any nearby real property which could migrate to the Real Property) or any past or present violation of any Environmental Law at the Real Property. 

  
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 3.6 Litigation; Notice of Violations. Seller shall promptly notify Purchaser in writing of
any litigation, arbitration, condemnation or administrative hearing before any court or governmental agency concerning Seller or the Property that is instituted or threatened in writing after the date hereof other than eviction or unlawful detainer
actions that will be completed prior to Closing and insured claims for bodily injury. Seller shall promptly provide Purchaser with a copy of any written notices of violations received by Seller asserting a violation of any laws, ordinances,
regulations, licenses, permits, governmental approvals, certificates of occupancy, or any covenants, conditions or restrictions applicable to the Property. 

3.7 No Transfers. Except as permitted under clause (a) (iv) above, and except for depletions, replacements and additions of
the Personal Property in the ordinary course of business, Seller shall not in any manner sell, convey, assign, transfer, encumber or otherwise dispose of the Real Property, the Leases, the Personal Property, or the Service Contracts, or any part
thereof or interest therein. 
 3.8 Operations After Closing. Seller shall not dissolve its existing entity and shall remain validly
existing and in good standing under the laws of the State of Nevada until December 31, 2014; provided, however, that if Purchaser gives Seller written notice of a claim under this Contract on or before the expiration of such period, such
covenant shall extend until the such claim has been resolved. 
 3.9 Termination of Miscellaneous Contracts. Purchaser acknowledges
that Seller may have various service, maintenance and other operational contracts in effect in addition to the Service Contracts (such other contracts being herein called the “Miscellaneous Contracts”) which Miscellaneous Contracts
may also relate to various services, maintenance and other operations at the Real Property. Purchaser acknowledges that the Miscellaneous Contracts may include confidential arrangements between Seller and various vendors, national contracts and
other contracts which Seller cannot or will not permit Purchaser to assume. Accordingly, Seller will not provide copies of the Miscellaneous Contracts for Purchaser’s inspection, and Purchaser shall not be required or permitted to assume any of
the Miscellaneous Contracts. Seller will terminate each of the Miscellaneous Contracts, at its sole cost and expense, effective as of a date not later than the Closing Date. 

Article 4: Conditions Precedent and Remedies 

4.1 Purchaser’s Conditions to Closing. Purchaser’s obligation to close under this Contract shall be subject to and
conditioned upon the fulfillment of each and all of the following conditions precedent: 
 4.1.1 All of the documents
required to be delivered by Seller to Purchaser at the Closing pursuant to the terms and conditions hereof shall have been delivered; 

4.1.2 Each of representations and warranties of Seller set forth in Section 7.1 shall be true in all material
respects as of the Closing Date; 
 4.1.3 Title Company is prepared to issue, upon the condition of the payment of its
scheduled premiums, the Title Policy, subject to the Permitted Exceptions applicable to the Real Property; 
 4.1.4 Purchaser
has not elected to terminate this Contract pursuant to Section 2.5, 2.9, 4.3, 4.4, 4.6 or 8.6. 

  
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 4.2 Seller’s Conditions to Closing. Without limiting any of the rights of Seller
elsewhere provided for in this Contract, Seller’s obligation to close with respect to conveyance of the Property under this Contract shall be subject to and conditioned upon the fulfillment of each and all of the following conditions precedent:

 4.2.1 All of the documents and funds required to be delivered by Purchaser to Seller at the Closing pursuant to the terms
and conditions hereof shall have been delivered; and 
 4.2.2 Each of the representations of Purchaser set forth in
Section 7.2 shall be true in all material respects as of the Closing Date. 
 4.3 Failure or Waiver of Conditions
Precedent. In the event any of the conditions set forth in Sections 4.1 or 4.2 are not fulfilled or waived, the party benefited by such conditions may, by written notice to the other party, terminate this Contract, whereupon all
rights and obligations hereunder of each party shall terminate except those that expressly survive any termination. Either party may, at its election, at any time or times on or before the date specified for the satisfaction of the condition, waive
in writing the benefit of any of the conditions set forth in Sections 4.1 and 4.2 above. In the event this Contract is terminated as a result of any condition set forth in Section 4.1, Purchaser, as its sole and exclusive
remedy, shall be entitled to a refund of the Earnest Money, less the applicable Independent Contract Consideration (which shall be paid to Seller). In any event, Purchaser’s consent to the close of escrow pursuant to this Contract shall waive
any remaining unfulfilled conditions, and any liability on the part of Seller for breaches of covenants, representations and warranties of which Purchaser had knowledge as of the Closing. 

4.4 Damage or Condemnation. 

4.4.1 Risk of loss resulting from any condemnation or eminent domain proceeding which is commenced or has been threatened
before the Closing Date, and risk of loss to the Property due to fire, flood or any other cause before the Closing Date, shall remain with Seller. 

4.4.2 If, prior to the Closing Date, all or part of the Real Property is damaged by fire or by any other cause whatsoever,
Seller shall promptly give Purchaser written notice of such damage. If the cost of repairing such damage is not in excess of Four Hundred Thousand and No/100 Dollars ($400,000.00), as estimated by an independent general contractor designated by
Seller or Seller’s lender or insurance company, then the Closing shall occur on the Closing Date and at Closing Purchaser shall receive a credit against the Purchase Price in an amount equal to (i) the estimated cost of repair or
replacement minus (ii) any sums reasonably expended by Seller in making emergency repairs or restoration for life safety purposes or to avoid further property damage to the extent that such costs were included in the estimated costs of
repair or replacement and any sums reasonably expended by Seller in repairing or replacing such damage. If the cost of repairing damage from such casualty is greater than Four 

  
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Hundred Thousand and No/100 Dollars ($400,000.00), then either Seller or Purchaser shall have the right, for a period of ten (10) Business Days from the date of notice of the amount of
damage, to terminate this Contract by giving written notice of termination to the other party within such period. Upon such termination, the parties hereto shall be released of any further liability hereunder except for provisions which survive a
termination and Purchaser shall be entitled to a return of the Earnest Money, less the Independent Contract Consideration which shall be paid to Seller. If either party fails to notify the other party within such period of its intention to terminate
this Contract, then the parties shall proceed to Closing, and at Closing Purchaser shall receive a closing credit in the amount provided for in subsections (i) above minus the amount which Seller is entitled to withhold under subsection
(ii) above. 
 4.4.3 If, prior to the Closing Date, any condemnation or eminent domain proceedings shall be commenced by
any public authority against the Real Property, Seller shall promptly give Purchaser written notice thereof. Upon notice of the commencement of any such proceedings (from Seller or otherwise), Purchaser shall have the right to either (i) accept
the affected Real Property subject to the proceedings, whereupon any award paid prior to Closing (less Seller’s reasonable and necessary costs and expenses of pursuing and participating in such proceedings) shall be paid to Purchaser and Seller
shall deliver to Purchaser at Closing, without recourse or representation (other than Seller’s representation that it has the right to make such assignment without any other person or entity having the right to claim entitlement to all or any
portion of such proceeds), all of Seller’s right, title and interest in and to any such award, or (ii) terminate this Contract by giving written notice to Seller to that effect within ten (10) Business Days from the date Purchaser
receives notice of the proceedings. If this Contract is terminated by Purchaser as aforesaid, the parties hereto shall have no further liability hereunder except as otherwise expressly provided herein and Purchaser shall be entitled to a return of
the Earnest Money, less the Independent Contract Consideration which shall be paid to Seller. In the event Purchaser fails to notify Seller within such period of Purchaser’s intention to terminate this Contract, then Purchaser shall proceed to
Closing and Seller’s rights to any awards (less Seller’s reasonable and necessary costs and expenses of pursuing and participating in such proceedings) shall be assigned to Purchaser at Closing. Seller shall have no obligation to repair or
restore the Property or any portion thereof. 
 4.5 DEFAULT BY PURCHASER. IF PURCHASER SHALL DEFAULT IN ITS OBLIGATIONS UNDER THIS
CONTRACT AND SUCH DEFAULT SHALL CONTINUE UNCURED FOLLOWING THE FIFTH (5TH) DAY AFTER WRITTEN NOTICE OF SUCH DEFAULT IS GIVEN TO PURCHASER (HOWEVER SUCH NOTICE PERIOD SHALL NOT EXTEND THE
CLOSING DATE), PURCHASER AGREES THAT SELLER SHALL HAVE THE RIGHT TO TERMINATE THIS CONTRACT AND HAVE THE ESCROW AGENT DELIVER THE EARNEST MONEY TO SELLER AS LIQUIDATED DAMAGES TO COMPENSATE SELLER FOR TIME SPENT, LABOR AND SERVICES PERFORMED, AND
THE LOSS OF ITS BARGAIN. PURCHASER AND SELLER AGREE THAT IT WOULD BE IMPRACTICABLE OR EXTREMELY DIFFICULT TO CALCULATE DAMAGES WITH CERTAINTY IF PURCHASER SO DEFAULTS AND THAT THE EARNEST MONEY REPRESENTS A REASONABLE ESTIMATE OF SELLER’S
DAMAGES. SELLER 

  
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AGREES TO ACCEPT THE EARNEST MONEY AS SELLER’S SOLE REMEDY IF PURCHASER DEFAULTS IN ITS OBLIGATIONS UNDER THIS CONTRACT, SELLER WAIVING ALL OTHER RIGHTS AND REMEDIES. THE FOREGOING IS NOT
INTENDED TO LIMIT PURCHASER’S INDEMNITY OBLIGATIONS HEREUNDER. 
 4.6 DEFAULT BY SELLER. IF SELLER DEFAULTS IN ITS OBLIGATION TO
SELL AND CONVEY THE PROPERTY TO PURCHASER PURSUANT TO THIS CONTRACT AND SUCH DEFAULT SHALL CONTINUE UNCURED FOLLOWING THE FIFTH (5TH) DAY AFTER WRITTEN NOTICE OF SUCH DEFAULT IS GIVEN TO
SELLER (HOWEVER SUCH NOTICE PERIOD SHALL NOT EXTEND THE CLOSING DATE), PURCHASER’S SOLE AND EXCLUSIVE REMEDY SHALL BE TO ELECT ONE OF THE FOLLOWING: (A) TO TERMINATE THIS CONTRACT, IN WHICH EVENT PURCHASER SHALL BE ENTITLED TO (I) THE
RETURN BY THE ESCROW AGENT TO PURCHASER OF THE EARNEST MONEY (INCLUDING THE INDEPENDENT CONTRACT CONSIDERATION), AND (II) IF SUCH DEFAULT IS THE RESULT OF SELLER’S INTENTIONAL BREACH OF THIS CONTRACT FOR THE PURPOSES OF DEPRIVING PURCHASER OF
THE BENEFIT OF ITS BARGAIN, PURCHASER SHALL ALSO BE ENTITLED TO THE RECOVERY FROM SELLER OF PURCHASER’S ACTUAL AND REASONABLE OUT-OF-POCKET COSTS AND EXPENSES INCURRED IN CONNECTION WITH ENTERING INTO THIS CONTRACT AND ATTEMPTING TO PURCHASE
THE PROPERTY, INCLUDING WITHOUT LIMITATION, DUE DILIGENCE INSPECTIONS PERFORMED BY PURCHASER AND ITS CONSULTANTS, AND LOAN DEPOSITS, APPLICATION AND COMMITMENT FEES, UP TO A MAXIMUM AMOUNT OF FIFTY THOUSAND AND NO/100 DOLLARS ($50,000.00) IN THE
AGGREGATE, AND AFTER PURCHASER HAS RECOVERED ALL THE FOREGOING NEITHER PARTY SHALL HAVE ANY FURTHER RIGHTS OR OBLIGATIONS EXCEPT FOR PURCHASER’S INDEMNITY OBLIGATIONS HEREUNDER, OR (B) TO BRING A SUIT FOR SPECIFIC PERFORMANCE PROVIDED THAT
ANY SUIT FOR SPECIFIC PERFORMANCE MUST BE BROUGHT WITHIN NINETY (90) DAYS OF SELLER’S DEFAULT, TO THE EXTENT PERMITTED BY LAW, PURCHASER WAIVING THE RIGHT TO BRING SUIT AT ANY LATER DATE. PURCHASER WAIVES ANY OTHER RIGHTS OR REMEDIES.
PURCHASER AGREES NOT TO FILE A LIS PENDENS OR OTHER SIMILAR NOTICE AGAINST THE PROPERTY EXCEPT IN CONNECTION WITH THE FILING OF A SUIT FOR SPECIFIC PERFORMANCE. 

Article 5: Closing 

5.1 Closing. The consummation of the transaction contemplated herein (“Closing”) shall occur on the Closing Date
through the usual form of deed and money escrow, which the parties shall establish with Escrow Agent. 
 5.2 Seller’s Deliveries in
Escrow. On or before noon (Mountain Daylight Time) on the Closing Date, Seller shall deliver in escrow to the Escrow Agent the following: 

5.2.1 Deed. A special warranty deed for the Real Property (the “Deed”) in the form attached hereto as
Exhibit D and made a part hereof, executed and acknowledged by Seller, conveying Seller’s title to the Real Property, subject only to the Permitted 

  
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Exceptions. Any discrepancy between the description of the Real Property in the deed from Seller’s immediate grantor and the description reflected on the Survey shall, if requested by
Purchaser in writing at least five (5) Business Days before the Closing Date, be quitclaimed by Seller. 
 5.2.2 Bill
of Sale and Assignment of Leases and Contracts. A Bill of Sale and Assignment of Leases and Contracts for the Real Property (the “Assignment”) in the form of Exhibit E attached hereto, executed by Seller. 

5.2.3 Notice of Assignment. A notice of assignment to each of the vendors under the assumed Service Contracts executed
by Seller (the “Notice of Assignment”); 
 5.2.4 Notice to Residents. A notice to the tenants
regarding the sale of the Property in the form of Exhibit F attached hereto, or such other form as may be required by applicable state law, executed by Seller (the “Notice to Residents”); 

5.2.5 Withholding Exemption Certificate. A Colorado Form DR-1083, in form required by law and duly executed by Seller,
concerning required information with respect to a conveyance of a Colorado real property interest; 
 5.2.6 State Law
Disclosures. Such disclosures and reports as are required by applicable state and local law in connection with the conveyance of real property; 

5.2.7 FIRPTA. A Foreign Investment in Real Property Tax Act affidavit executed by Seller; and 

5.2.8 Additional Documents. Any additional documents that Purchaser, Escrow Agent or the Title Company may reasonably
require for the proper consummation of the transaction contemplated by this Contract. 
 5.3 Purchaser’s Deliveries in Escrow.
On or before noon (Mountain Daylight Time) on the Closing Date, Purchaser shall deliver in escrow to the Escrow Agent the following: 

5.3.1 Purchase Price. The Purchase Price, less the Earnest Money that is applied to the Purchase Price, plus or minus
applicable prorations, deposited by Purchaser with the Escrow Agent in immediate, same-day federal funds wired for credit into the Escrow Agent’s escrow account; 

5.3.2 Bill of Sale and Assignment of Leases and Contracts. The Assignment, executed by Purchaser; 

5.3.3 Notices of Assignment. The Notice of Assignment, executed by Purchaser; 

5.3.4 Notice to Residents. The Notice to Residents, executed by Purchaser; 

5.3.5 Real Property Transfer Declaration. A Real Property Transfer Declaration, in form required by law and duly
executed by Purchaser, concerning information with respect to a conveyance of a Colorado real property interest; 

  
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 5.3.6 State Law Disclosures. Such disclosures and reports as are required
by applicable state and local law in connection with the conveyance of real property; and 
 5.3.7 Additional
Documents. Any additional documents that Seller, Escrow Agent or the Title Company may reasonably require for the proper consummation of the transaction contemplated by this Contract. 

5.4 Closing Statements. At the Closing, Seller and Purchaser shall deposit with the Escrow Agent executed closing statements consistent
with this Contract in the form required by the Escrow Agent. 
 5.5 Title Policy. The Title Policy shall be delivered as of Closing
as provided in Section 2.10. 
 5.6 Possession. Seller shall deliver possession of the Property to Purchaser at the Closing,
subject only to the rights of tenants under the Leases and the Permitted Exceptions. 
 5.7 Post-Closing Deliveries. To the extent
reasonably available to Seller, copies or original Leases (which may be electronic); lease files; originals of all contracts (or copies if no originals are available) and receipts for deposits; and all keys, if any, used in the operation of the
Property; shall be made available to Purchaser at the Property after the Closing. Within thirty (30) days following Closing Seller shall deliver to Purchaser a final income statement for the Property covering the month of Closing to the Closing
Date. The obligation to make such delivery shall survive Closing. 
 5.8 Close of Escrow. The Escrow Agent shall agree in writing
with Seller and Purchaser that (a) recordation of the Deed constitutes its representation that it is holding the closing documents, closing funds and closing statements and is prepared and irrevocably committed to disburse the closing funds in
accordance with the closing statements and (b) release of funds to Seller shall irrevocably commit Title Company to issue the Title Policy in accordance with this Contract. Upon satisfaction or completion of the foregoing conditions and
deliveries, the parties shall direct the Escrow Agent to immediately record and deliver the documents described above to the appropriate parties and make disbursements according to the closing statements executed by Seller and Purchaser and in
accordance with escrow instructions by each party consistent with this Contract. 
 Article 6: Prorations and Adjustments 

6.1 Prorations. The day of Closing shall belong to Purchaser and all prorations hereinafter provided to be made as of the Closing shall
each be made as of the end of the day before the Closing Date. With respect to each proration set forth below, the portion thereof applicable to periods beginning as of the Closing Date shall be credited or charged to Purchaser and the portion
thereof applicable to periods preceding the Closing Date shall be credited or charged to Seller. 

  
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 6.1.1 Taxes and Assessments. General real estate taxes and assessments
imposed by governmental authority and any assessments imposed by private covenant constituting a lien or charge on the Real Property for the year of Closing (collectively, “Taxes”) not yet due and payable shall be prorated based
upon the most recent ascertainable assessed values and mill levy. Purchaser hereby acknowledges and agrees that Seller has or may file appeals (the “Appeals”) with respect to the current tax year and also with respect to prior
year(s) ad valorem property taxes applicable to the Property (the “Appealed Taxes”). Seller shall be entitled, in Seller’s sole discretion, to continue to pursue such Appeals after the Closing Date. In the event that any such
Appeal is successful in reducing the amount of Appealed Taxes payable with respect to prior years, Seller shall be entitled to the full amount of any rebate, refund or reduction resulting from such Appeal. In the event that any such Appeal is
successful in reducing the amount of Appealed Taxes payable with respect to the current fiscal year, Seller and Purchaser shall prorate the net proceeds of any rebate, refund or reduction resulting from such Appeal relating to the current fiscal
year. 
 6.1.2 Collected Rent. All collected rent and other collected income (and any applicable state or local tax on
rent) under Leases in effect on the Closing Date shall be prorated. Seller shall be charged with any rent and other income collected by Seller before Closing but applicable to any period of time after Closing. Uncollected rent and other income shall
not be prorated. Purchaser shall apply rent and other income from tenants that are collected after the Closing first to the obligations then owing to Purchaser for its period of ownership and to costs of collection, remitting the balance, if any, to
Seller. Any prepaid rents for the period following the Closing Date shall be paid over by Seller to Purchaser. Purchaser will make reasonable efforts, without suit, to collect any rents applicable to the period before the Closing Date. Seller may
pursue collection as to any rent not collected by Purchaser within 6 months following the Closing Date provided that Seller shall have no right to pursue collection efforts against any tenant while in occupancy of an apartment at the Property. In
the event that any tenant pays its rent via an ACH or other automatic debit system, Seller shall cancel such automatic payments at Closing; provided, however, in the event that an automatic rent payment is erroneously forwarded to Seller after
Closing, Seller, shall remit such payment to Purchaser in accordance with Section 6.2 
 6.1.3 Common Meter
Utilities. Expenses related to common metered utilities, including water, sewer, electric, and gas, based upon the last reading of meters prior to the Closing shall be prorated. Seller shall endeavor to obtain meter readings on the day before
the Closing Date, and if such readings are obtained, there shall be no proration of such items. Seller shall pay, or cause to be paid, at Closing the bills therefor for the period to the day preceding the Closing, and Purchaser shall pay the bills
therefor for the period subsequent thereto. If the utility company will not issue separate bills, Purchaser will receive a credit against the Purchase Price for Seller’s portion and will pay the entire bill prior to delinquency after Closing.
If Seller has paid any utilities no more than 30 days in advance in the ordinary course of business, then Purchaser shall be charged its portion of such payment at Closing. 

6.1.4 Tenant Utilities. Recoveries from the utility expense reimbursements payable by the tenants pursuant to the Leases
regardless of whether or not collected by Seller (or a third party service provider) shall be prorated based upon, and shall relate back to, the months in which the billed expenses were incurred. 

  
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 6.1.5 Fees and Charges under Service Contracts. Seller and Purchaser shall
prorate all fees and charges under the assumed Service Contracts on the basis of the periods to which such Service Contracts relate. 

6.1.6 Rent Ready Adjustments. Not more than two (2) Business Days prior to Closing (“Walk Though
Date”), a representative of Purchaser and a representative of Seller shall conduct an onsite walk-through of the then unoccupied rental units on the Property to determine whether such unoccupied rental units are in “rent ready”
condition. With respect to any rental unit that is vacated on or before five (5) Business Days prior to Closing that Seller has not placed in a “rent ready” condition before the Walk Through Date, Purchaser shall receive a credit
against the Purchase Price at Closing in the amount of $750 per unit. As used herein, “‘rent ready’ condition” means Seller’s practice and procedures, as of the date of this Agreement, for placing units in “rent
ready” condition. Nothing contained in this Section 6.1.6 shall be construed as limiting Purchaser’s rights and Seller’s obligations under the other provisions of this Agreement. 

6.2 Final Adjustment After Closing. If final prorations cannot be made at Closing for any item being prorated under
Section 6.1, then Purchaser and Seller agree to allocate such items on a fair and equitable basis as soon as invoices or bills are available, with final adjustment to be made as soon as reasonably possible after the Closing, but no later
than 90 days after the Closing (except for Taxes), to the effect that income and expenses are received and paid by the parties on an accrual basis with respect to their period of ownership. Payments in connection with the final adjustment shall be
due within 30 days of written notice. Seller shall have reasonable access to, and the right to inspect and audit, Purchaser’s books to confirm the final prorations. 

6.3 Service Contracts. Purchaser will assume the obligations arising from and after the Closing Date under the Service Contracts. 

6.4 Tenant Deposits. All tenant security deposits under the Leases (and interest thereon if required by law or contract to be earned
thereon) and not theretofore lawfully applied to tenant obligations under the Leases shall be transferred or credited to Purchaser at Closing or placed in escrow if required by law. As of the Closing, Purchaser shall assume Seller’s obligations
related to tenant security deposits under the Leases to the extent such tenant security deposits are actually transferred or credited to Purchaser. 

6.5 Utility Deposits. Purchaser shall be responsible for making any deposits, required by utility companies in order to provide service
to Purchaser. All utility deposits made by Seller shall remain the property of Seller. 
 6.6 Sale Commissions. Seller and Purchaser
represent and warrant each to the other that they have not dealt with any real estate broker, sales person or finder in connection with this transaction other than Seller’s Broker. If this transaction is closed, Seller shall pay Seller’s
Broker in accordance with their separate agreement. Seller’s Broker is an independent contractor and is not authorized to make any agreement or representation on behalf of either party. Except as expressly set forth above, if any claim is made
for broker’s or finder’s fees or commissions in 

  
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connection with the negotiation, execution or consummation of this Contract or the transactions contemplated hereby, each party shall defend, indemnify and hold harmless the other party from and
against any such claim based upon any statement, representation or agreement of such party. 
 6.7 Leasing Commissions and Locator
Fees. Seller shall pay, and remain liable to pay, all locator fees and leasing commissions due and owing (including any delinquent amounts) under Leases as to which occupancy occurred prior to the Closing Date. In the event the Closing occurs,
Purchaser shall be responsible for all locator fees and leasing commissions due and owing under Leases as to which occupancy occurs on or after the Closing Date. 

Article 7: Representations 

7.1 Seller’s Representations. Except, in all cases, for any fact, information or condition disclosed in the Title Commitment, the
Permitted Exceptions, the Service Contracts, or the Property Information, or which is otherwise known to Purchaser prior to Closing, Seller represents and warrants to Purchaser the following (collectively, the “Seller’s
Representations”) as of the Effective Date: 
 7.1.1 Organization and Authority. Seller has been duly
organized and is validly existing as a corporation in good standing in the State of Nevada and is qualified to do business in the state in which the Property is located. Seller has the full right and authority, has made all required filings and has
obtained any and all consents required to enter into this Contract and, as of Closing, will have obtained any and all consents required to consummate or cause to be consummated the transactions contemplated hereby. This Contract has been, and all of
the documents to be delivered by Seller at the Closing will be, authorized and properly executed and constitutes, and will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms and do not,
and at the time of Closing will not, violate the charter documents of Seller or any provision of any agreement or judicial order to which Seller is a party. 

7.1.2 Conflicts and Pending Action. There is no agreement to which Seller is a party, or to Seller’s knowledge is
binding on Seller, whose provisions will be breached by consummation of the transaction contemplated by this Contract. To Seller’s knowledge, there is no action or proceeding pending or threatened against the Real Property, including
condemnation proceedings, or against the Seller which challenges or impairs Seller’s ability to execute or perform its obligations under this Contract. 

7.1.3 Rent Rolls and Operating Statements. To Seller’s knowledge, the Rent Roll attached hereto as Exhibit G
and all other rent rolls to be provided to Purchaser for the Real Property are or will be true, correct and complete in all material respects as of the dates thereof. The Operating Statements were prepared by or for Seller in the ordinary course of
its business and are the Operating Statements used and relied upon by Seller in connection with its operation of the Property; however Seller does not and will not represent or warrant that Purchaser will be able to, or that Purchaser should be able
to, operate the Property in a manner which will produce results which are the same as or similar to those reflected in the Operating Statements. 

  
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 7.1.4 Leases. To Seller’s knowledge, except for those tenants under
the Leases, as shown on the Rent Roll, there are no other tenants in possession of, or claiming any possession to, any portion of the Property (subject to any new Leases that Seller is permitted to enter into under this Contract prior to Closing).To
Seller’s knowledge, Seller is not in material default or breach under any of the Leases, and Seller is the owner of the lessor’s interest under the Leases. Seller has not conveyed any of the lessor’s interest under the Leases, except
for collateral assignments/liens to be released at Closing. 
 7.1.5 Service Contracts. To Seller’s knowledge,
Seller has not received written notice of any material default under any of the Contracts that will not be terminated on the Closing Date and to Seller’s knowledge, no material default exists under any Service Contract. 

7.1.6 Violations. To Seller’s knowledge, Seller has not received any written notice from any governmental agency of
(i) any uncured material violation of any federal, state, county or municipal law, ordinance, order, regulation or requirement affecting the Property or (ii) any change to the zoning classification of, or any condemnation proceedings or
proceedings to widen or realign any street or highway adjacent to, the Property. 
 7.1.7 Foreign Person. Seller is
not a “foreign person” or a “disregarded entity” as defined in Section 1445 of the Internal Revenue Code, as amended, and the Treasury Regulations thereunder. 

7.1.8 OFAC. Neither Seller nor any of its affiliates is, nor will they become, a person or entity with whom U.S. persons
or entities are restricted from doing business under regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including those named on OFAC’s Specially Designated and Blocked Persons List)
or under any statute, executive order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism) or other governmental action and does
not, to its actual knowledge, engage in any dealings or transactions or be otherwise associated with such persons or entities. Neither Seller nor any person holding a direct or indirect ownership interest in Seller is described in, covered by or
specially designated pursuant to, or affiliated with any person described in, covered by or specially designated pursuant to, any Anti-Terrorism Law or any list issued by any department or agency of the United States of America in connection with
any Anti-Terrorism Law. “Anti-Terrorism Law” means Executive Order 13224, as amended; the International Emergency Economic Powers Act, 50 U.S.C. Sections 1701-06 et seq.; the Iraqi Sanctions Act, Pub.L. 101-513, 104 Stat.
2047-55; the United Nations Participation Act, 22 U.S.C. Section 287c; the Antiterrorism and Effective Death Penalty Act; the International Security and Development Cooperation Act, 22 U.S.C. Section 2349 aa-9; the Terrorism Sanctions
Regulations, 31 C.F.R. Part 595; the Terrorism List Governments Sanctions Regulations, 31 C.F.R. Part 596; and the Foreign Terrorist Organizations Sanctions Regulations, 31 C.F.R. Part 597. The foregoing does not apply to the extent any
direct or indirect interest in Seller is held through a U.S. Publicly-Traded Entity. As used in this Agreement, “U.S. Publicly-Traded Entity” an entity whose securities are listed on a national securities exchange, or quoted on an
automated quotation system, in the United States. 

  
 20 

 7.1.9 Insolvency. No petition in bankruptcy (voluntary or otherwise),
assignment for the benefit of creditors, or petition seeking reorganization or arrangement or other action under federal or state bankruptcy laws is pending against or contemplated by Seller. 

7.1.10 Hazardous Materials. To Seller’s knowledge, except as disclosed in the Property Information, Seller has
received no written notice of the presence of any Hazardous Materials in, on or under the Improvements or Real Property in violation of any Environmental Law. “ 

7.1.11 Definition of Seller’s Knowledge. Any representations made “to Seller’s knowledge” shall not
be deemed to imply any duty of inquiry. For purposes of this Contract, the term “to Seller’s knowledge” shall mean and refer only to actual knowledge of the Designated Representative of the Seller and shall not be construed to refer
to the knowledge of any other partner, officer, director, agent, employee or representative of the Seller, or any affiliate or parent of the Seller, or to impose upon such Designated Representative any duty to investigate the matter to which such
actual knowledge or the absence thereof pertains, or to impose upon such Designated Representative any individual personal liability. As used herein, the term Designated Representative shall refer to Tiffany Stanley who is the District Manager of
Seller’s property manager with supervisory responsibility for the Property. 
 7.2 Purchaser’s Representations. As a
material inducement to Seller to execute this Contract and consummate this transaction, Purchaser represents to Seller the following as of the Effective Date and as of the Closing Date: 

7.2.1 Organization and Authority. Purchaser has been duly organized and validly exists as a limited partnership in good
standing in the State of Delaware and, as of the Closing Date, will be qualified to do business in the state in which the Property is located. Purchaser has the full right and authority and has obtained any and all consents required to enter into
this Contract and, prior to Closing will have obtained any and all consents required to consummate or cause to be consummated the transactions contemplated hereby. This Contract has been, and all of the documents to be delivered by Purchaser at the
Closing will be, authorized and properly executed and constitutes, or will constitute, as appropriate, the valid and binding obligation of Purchaser, enforceable in accordance with their terms. 

7.2.2 Conflicts and Pending Action. There is no agreement to which Purchaser is a party, or to Purchaser’s
knowledge is binding on Purchaser, whose provisions will be breached by consummation of the transaction contemplated by this Contract. There is no action or proceeding pending or, to Purchaser’s knowledge, threatened against Purchaser which
challenges or impairs Purchaser’s ability to execute or perform its obligations under this Contract. 
 7.2.3
ERISA. Purchaser does not hold the assets of any employee benefit plan within the meaning of 29 C.F.R. §2510.3-101(a)(2). 

  
 21 

 7.2.4 Anti-Terrorism. Purchaser (which for this purpose includes its
partners, members, principal stockholders and any other constituent entities) (i) has not been designated as a “specifically designated national and blocked person” on the most current list published by the U.S. Treasury Department
Office of Foreign Assets Control at its official website, <http://www.treas.gov/ofac/t11 sdn.pdf> or at any replacement website or other replacement official publication of such list and (ii) is currently in compliance with and
will at all times during the term of this Contract (including any extension thereof) remain in compliance with the regulations of the Office of Foreign Asset Control of the Department of the Treasury and any statute, executive order (including the
September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action relating thereto. 

7.3 ADA/FHA Disclosure. Purchaser acknowledges that the Property may be subject to the federal Americans With Disabilities Act (the
“ADA”) and the federal Fair Housing Act (the “FHA”). The ADA requires, among other matters, that tenants and/or owners of “public accommodations” remove barriers in order to make the Property accessible to
disabled persons and provide auxiliary aids and services for hearing, vision or speech impaired persons. Seller makes no warranty, representation or guarantee of any type or kind with respect to the Property’s compliance with the ADA or the FHA
(or any similar state or local law), and Seller expressly disclaims any such representation. Purchaser acknowledges that it is solely responsible for determining whether the Property complies with the ADA and the FHA. The provisions of this
Section 7.3 shall survive indefinitely the Closing or earlier termination of this Contract and shall not be merged into the Deed or other closing documents. 

7.4 Sophisticated Purchaser. Purchaser is a sophisticated and experienced purchaser of multifamily apartment projects, and has
participated in and is familiar with the acquisition, development, redevelopment, ownership, management, and operation of real estate projects similar to the Property. Purchaser has or will have under the terms of this Contract adequate opportunity
to complete and has completed all physical, financial, legal and regulatory investigations and examinations relating to the Property that it deems necessary, and will acquire the same solely on the basis of such investigations and examinations and
the title insurance protection afforded by the Title Policy and not on the basis of any information provided or to be provided by Seller or any Seller’s Representatives (other than as provided to the contrary in Section 7.1). 

Article 8: Miscellaneous 

8.1 Parties Bound. Except for an assignment pursuant to Section 8.2, Purchaser may not assign this Contract without the
prior written consent of Seller, and any such prohibited assignment shall be void; provided however, that Purchaser may assign to an Affiliate the rights to acquire the Property. Subject to the foregoing, this Contract shall be binding upon and
inure to the benefit of the respective legal representatives, successors, assigns, heirs, and devisees of the parties. For the purposes of this Section 8.1, the term “Affiliate” means: (i) an entity that directly or
indirectly controls, is controlled by or is under common control with the Purchaser, or (ii) an entity at least a majority of whose economic interest is owned by Purchaser and the term “control” means the power to direct the
management of such entity through voting rights, ownership or contractual obligations. No assignment shall relieve the assignor of any obligation under the Contract. 

  
 22 

 8.2 Section 1031 Exchange. Purchaser and Seller acknowledge that either party may
wish to structure this transaction as a tax deferred exchange of like-kind property within the meaning of Section 1031 of the Internal Revenue Code. Each party agrees to reasonably cooperate with the other party to effect such an exchange;
provided, however, that: (i) the cooperating party shall not be required to acquire or take title to any exchange property; (ii) the cooperating party shall not be required to incur any expense (excluding attorneys’ fees) or liability
whatsoever in connection with the exchange, including, without limitation, any obligation for the payment of any escrow, title, brokerage or other costs incurred with respect to the exchange; (iii) no substitution of the effectuating party
shall release said party from any of its obligations, warranties or representations set forth in this Contract or from liability for any prior or subsequent default under this Contract by the effectuating party, its successors, or assigns, which
obligations shall continue as the obligations of a principal and not of a surety or guarantor; (iv) the effectuating party shall give the cooperating party at least ten (10) Business Days prior notice of the proposed changes required to
effect such exchange and the identity of any party to be substituted in the Escrow; (v) the effectuating party shall be responsible for preparing all additional agreements, documents and escrow instructions (collectively, the
“Exchange Documents”) required by the exchange, at its sole cost and expense; (vi) the effectuating party shall be responsible for making all determinations as to the legal sufficiency, tax considerations and other
considerations relating to the proposed exchange, the Exchange Documents and the transactions contemplated thereby, and the cooperating party shall in no event be responsible for, or in any way be deemed to warrant or represent any tax or other
consequences of the exchange transaction arising by reason of the cooperating party’s performance of the acts required hereby; and (vii) the Closing Date shall not be changed as a result of such exchange. 

8.3 Headings. The article and section headings of this Contract are for convenience only and in no way limit or enlarge the scope or
meaning of the language hereof. 
 8.4 Invalidity and Waiver. If any portion of this Contract is held invalid or inoperative, then so
far as is reasonable and possible the remainder of this Contract shall be deemed valid and operative, and effect shall be given to the intent manifested by the portion held invalid or inoperative. The failure by either party to enforce against
the other any term or provision of this Contract shall not be deemed to be a waiver of such party’s right to enforce against the other party the same or any other such term or provision in the future. 

8.5 Governing Law. This Contract shall, in all respects, be governed, construed, applied, and enforced in accordance with the law of
the state in which the Real Property is located. 
 8.6 Limitations. 

8.6.1 Limitation Period. Seller’s covenants, indemnities, warranties and representations contained in this Contract
and in any document executed by Seller pursuant to this Contract shall survive Purchaser’s purchase of the Property only for a 

  
 23 

 
period commencing on the Closing Date and ending on the first anniversary of the Closing Date (the “Limitation Period”). Seller’s liability for breach of any such covenant,
indemnity, representation or warranty shall be limited to claims in excess of an aggregate amount of $25,000, and Seller shall be liable only to the extent that such aggregate amount exceeds such figure. Seller’s aggregate liability for claims
arising out of such covenants, indemnities, representations and warranties shall not exceed $300,000. Notwithstanding anything to the contrary contained in this Contract, Seller shall not be liable for consequential, punitive and/or exemplary
damages of any nature whatsoever. Purchaser shall provide written notice to Seller of any alleged breach of such covenants, indemnities, warranties or representations and shall allow Seller 30 days within which to cure such breach, or, if such
breach cannot reasonably be cured within 30 days, an additional reasonable time period not to exceed 90 days, so long as such cure has been commenced within such 30 days and is being diligently pursued. If Seller fails to cure such breach after
written notice and within such cure period, Purchaser’s sole remedy shall be an action at law for actual damages as a consequence thereof, provided that any claim or action at law for actual damages brought after Closing based upon a
misrepresentation or a breach of a covenant, indemnity, warranty or representation under this Contract shall be actionable or enforceable if and only if notice of such claim is given to Seller within ninety-one (91) days following the
expiration of the Limitation Period. The Limitation Period referred to herein shall apply to known as well as unknown breaches of such covenants, indemnities, warranties or representations. Purchaser’s waiver and release set forth in
Section 2.6 shall apply fully to liabilities under such covenants, indemnities, representations and warranties and is hereby incorporated by this reference. Purchaser specifically acknowledges that such termination of liability
represents a material element of the consideration to Seller. The limitation as to Seller’s liability in this Section 8.6.1 does not apply to Seller’s liability with respect to prorations and adjustments under Article 6.
The provision of this Section 8.6.1 shall survive indefinitely the Closing or earlier termination of this Contract and shall not be merged into the Deed or other closing documents. 

8.6.2 Disclosure. Notwithstanding any contrary provision of this Contract, if during the pendency of this Contract
Seller, to its knowledge as defined in Section 7.1.11, becomes aware of any matters which make any of its representations or warranties untrue in any material respect, Seller shall promptly disclose such matters to Purchaser in writing.
In the event that Seller so discloses any matters which make any of Seller’s representations and warranties untrue in any material respect or in the event that Purchaser otherwise becomes aware during the pendency of this Contract prior to
Closing of any matters which make any of Seller’s representations or warranties untrue in any material respect, Seller shall bear no liability for such matters, but Purchaser shall have the right to elect in writing on or before the earlier of
the Closing Date or three (3) Business Days after Seller discloses any such matters to Purchaser, (a) to waive such matters and complete the purchase of the Property without reduction of the Purchase Price in accordance with the terms of
this Contract, or (b) as to any matters disclosed following the expiration of the Inspection Period, to terminate this Contract and receive a refund of the Earnest Money, less the Independent Contract Consideration. 

  
 24 

 8.7 No Third Party Beneficiary. This Contract is not intended to give or confer any
benefits, rights, privileges, claims, actions, or remedies to any person or entity as a third party beneficiary or otherwise. 
 8.8
Time. Time is of the essence in the performance of this Contract. 
 8.9 Press Release. At no time prior to or following
Closing will Purchaser, Seller or their respective brokers release or cause or permit to be released any press notices, or publicity (oral or written) or advertising promotion relating to, or otherwise announce or disclose or cause or permit to be
announced or disclosed, in any manner whatsoever, this transaction or the terms, conditions, or substance of this Contract (including without limitation, the purchase price) without first obtaining the written consent of the other party, which shall
not be unreasonably withheld, conditioned or delayed. The foregoing shall not preclude either party from discussing the substance or any relevant details of such transactions with any of its attorneys, accountants, professional consultants, lenders,
partners, investors, or any prospective lender, partner or investor, as the case may be, or prevent either party hereto, from complying with laws, rules, regulations and court orders, including without limitation, governmental regulatory,
disclosure, tax and reporting requirements. Any party to this transaction (and each employee, agent or representative of the foregoing) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the
transaction and all materials of any kind (including opinions or other tax analyses) that are provided to them relating to such tax treatment and tax structure except to the extent maintaining such confidentiality is necessary to comply with any
applicable federal or state securities laws. The authorization in the preceding sentence is not intended to permit disclosure of any other information unrelated to the tax treatment and tax structure of the transaction including (without limitation)
(a) any portion of the transaction documents or related materials to the extent not related to the tax treatment or tax structure of the transaction, (b) the existence or status of any negotiations unrelated to the tax issues, or
(c) any other term or detail not relevant to the tax treatment or the tax structure of the transaction. In addition to any other remedies available to a party, each party shall have the right to seek equitable relief, including without
limitation injunctive relief or specific performance, against the other party in order to enforce the provisions of this Section 8.9. 

8.10 Notices. All notices required or permitted hereunder shall be in writing and shall be served on the parties at the addresses set
forth on Exhibit I. Any such notices shall be either (a) sent by overnight delivery using a nationally recognized overnight courier, in which case notice shall be deemed delivered one Business Day after deposit with such courier,
(b) sent by facsimile or email, in which case notice shall be deemed delivered upon receipt of confirmation transmission of such facsimile or email notice, or (c) sent by personal delivery, in which case notice shall be deemed delivered
upon delivery (whether accepted or refused). Any notice sent by facsimile, email or personal delivery and delivered after 5:00 p.m. local time where the Real Property is located shall be deemed received on the next Business Day. A party’s
address may be changed by written notice to the other party; provided, however, that no notice of a change of address shall be effective until actual receipt of such notice. Copies of notices are for informational purposes only, and a failure to
give or receive copies of any notice shall not be deemed a failure to give notice. 

  
 25 

 8.11 Construction. The parties acknowledge that the parties and their counsel have
reviewed and revised this Contract and that the normal rule of construction, to the effect that any ambiguities are to be resolved against the drafting party, shall not be employed in the interpretation of this Contract or any exhibits or amendments
hereto. 
 8.12 Reporting Person. Purchaser and Seller hereby designate the Title Company as the “reporting person”
pursuant to the provisions of Section 6045(e) of the Internal Revenue Code of 1986, as amended. 
 8.13 Calculation of Time
Periods. Unless otherwise specified, in computing any period of time described herein, the day of the act or event after which the designated period of time begins to run is not to be included and the last day of the period so computed is to be
included, unless such last day is not a Business Day, in which event the period shall run until the end of the next Business Day. Additionally, in establishing the Closing Date, if the last day of the computed time period is a Friday or one Business
Day before or after a legal holiday for banks in the state in which the Real Property is located, the Closing Date shall be on the next day which is neither a Friday, Saturday, Sunday or legal holiday. The last day of any period of time described
herein shall be deemed to end at 5:00 p.m. local time where the Real Property is located. 
 8.14 Execution in Counterparts. This
Contract may be executed in any number of counterparts, each of which shall be deemed to be an original, and all of such counterparts shall constitute one Contract. To facilitate execution of this Contract, the parties may execute and exchange by
telephone facsimile, or by e-mail as a .pdf document or other electronic imaging, counterparts of the signature pages, provided that executed originals thereof are promptly forwarded to the other party by any of the delivery methods set forth in
Section 8.10 other than facsimile. 
 8.15 Attorneys’ Fees. Should either party employ attorneys to enforce any of
the provisions hereof, the party against whom any final judgment is entered agrees to pay the prevailing party all reasonable costs, charges, and expenses, including attorneys’ fees, expended or incurred in connection therewith. 

8.16 Entirety and Amendments. This Contract embodies the entire agreement between the parties and supersedes all prior agreements and
understandings relating to the Property except for any confidentiality agreement binding on Purchaser, which shall not be superseded by this Contract. This Contract may be amended or supplemented only by an instrument in writing executed by the
parties. 
 8.17 Procedure for Indemnity. The following provisions govern actions for indemnity under this Contract. Promptly after
receipt by an indemnitee of notice of any claim, such indemnitee will, if a claim in respect thereof is to be made against the indemnitor, deliver to the indemnitor written notice thereof and the indemnitor shall have the right to participate in
such proceeding and, if the indemnitor agrees in writing that it will be responsible for any costs, expenses, judgments, damages, and losses incurred by the indemnitee with respect to such claim, to assume the defense thereof, with counsel mutually
satisfactory to the parties; provided, however, that an indemnitee shall have the right to retain its own counsel, with the fees and expenses to be paid by the indemnitor, if the indemnitee reasonably believes that representation

  
 26 

 
of such indemnitee by the counsel retained by the indemnitor would be inappropriate due to actual or potential differing interests between such indemnitee and any other party represented by such
counsel in such proceeding. The failure of indemnitee to deliver written notice to the indemnitor within a reasonable time after indemnitee receives notice of any such claim shall relieve such indemnitor of any liability to the indemnitee under this
indemnity only if and to the extent that such failure is prejudicial to its ability to defend such action, and the omission to so deliver such written notice to the indemnitor will not relieve it of any other liability that it may have to any
indemnitee. If an indemnitee settles a claim without the prior written consent of the indemnitor, then the indemnitor shall be released from liability with respect to such claim unless the indemnitor has unreasonably withheld such consent. 

8.18 Waiver of Jury Trial. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY
LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS CONTRACT OR THE TRANSACTIONS CONTEMPLATED HEREBY. NEITHER PARTY SHALL SEEK TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT OR HAS
NOT BEEN WAIVED. EACH OF THE PARTIES ACKNOWLEDGES THAT IT HAS RECEIVED THE ADVICE OF COUNSEL WITH RESPECT TO THIS WAIVER. 
 8.19 No
Recording. Neither this Contract or any memorandum or short form thereof may be recorded by Purchaser. 
 8.20 No Partnership.
The relationship of the parties hereto is solely that of Seller and Purchaser with respect to the Property and no joint venture or other partnership exists between the parties hereto. Neither party has any fiduciary relationship hereunder to the
other. 
 8.21 Simultaneous Closings. The obligation of Seller to sell the Property to Purchaser under this Contract is hereby also
made expressly contingent and conditional upon the simultaneous closings of the purchase by Purchaser from ORI-Colorado, Inc., a Nevada corporation (hereinafter called “Other Seller”) of the Camden Centennial multi-family
residential apartment complex located in the State of Colorado and described on Exhibit J attached hereto and incorporated herein by reference (herein called “Other Property”), pursuant to that certain Improved Commercial
Property Earnest Money Contract dated of even date herewith, between Other Seller and Purchaser (herein called “Other Purchase Agreement”). If Purchaser, for any reason, (i) terminates the Other Purchase Agreement,
(ii) defaults in its obligation to purchase the Other Property under the Other Purchase Agreement, or (iii) fails to close its purchase of the Other Property simultaneously with its closing of its purchase of the Property pursuant to this
Contract (other than as the result of a default by Seller under this Contract or the Other Seller under the Other Purchase Agreement), Seller may elect, by written notice to Purchaser, to terminate this Contract, in which event the Earnest Money
shall (a) be refunded to Purchaser, if Purchaser is not in default under this Contract or the Other Purchase Agreement, or (b) be retained by Seller as liquidated damages for such default, if Purchaser is in default under this Contract or
the Other Purchase Agreement, and not as a penalty, actual damages being difficult or impossible to measure; and this Contract shall be deemed to be null, void, terminated and of no further force or effect, except as herein to the contrary expressly
provided. 

  
 27 

 The obligation of Purchaser to purchase the Property from Seller under this Contract is hereby also made
expressly contingent and conditional upon the simultaneous closing of the purchase by Purchaser of the Other Property from the Other Seller pursuant to the Other Purchase Agreement. If, for any reason, (a) the Other Purchase Agreement is
validly terminated by the Other Seller (except as a result of a default thereunder by Purchaser) or Purchaser, (b) the Other Seller defaults under its obligation to sell the Other Property under the Other Purchase Agreement, or (c) the
Other Seller fails to close the sale of the Other Property to Purchaser simultaneously with Seller’s sale of the Property to Purchaser pursuant to this Contract (other than as a result of a default by Purchaser under this Contract or the Other
Purchase Agreement), Purchaser may elect, by written notice to Seller, to terminate this Contract, in which event the Earnest Money shall be refunded to Purchaser, and this Contract shall be deemed to be null, void, terminated and of no further
force or effect, except as herein to the contrary expressly provided. 
 Notwithstanding anything set forth herein to the contrary, the Inspection Period
and the Closing Dates, respectively, under this Contract and under the Other Purchase Agreement, shall always be identical, and, if any of said dates is changed pursuant to the terms of this Contract or the Other Purchase Agreement, said change
shall also apply to said date under this Contract. 
 8.22 Submission not an Offer. The submission of this Contract to any party by
Seller shall not be construed as an offer, nor shall Purchaser have any rights with respect thereto, unless and until Seller shall execute a copy of this Contract and deliver the same to Purchaser. 

8.23 Independent Responsibility/No Alter Ego. The parties hereby agree that the obligations of the parties under this Contract are
separate and distinct, and that no party’s affiliate (of any type or nature) or other third party is responsible in any manner whatsoever for the debts, liabilities or obligations of any party hereto. As such, the parties agree that no
party’s affiliate (of any type or nature) or other third party is an alter-ego of any other party (or any affiliate thereof) or in any manner is or shall be vicariously, derivatively or otherwise liable for the debts, liabilities or obligations
of any party or any affiliate thereof (collectively, “Derivative Claims”). The parties further agree that, as a material part of and material inducement for the transactions contemplated by this Contract, they will not assert any
Derivative Claims in any dispute, claim or controversy relating to or arising out of this Contract. The provisions of this Section 8.23 shall survive the closing or consummation of the transactions contemplated by this Contract or any
termination or purported termination of this Contract. 
 8.24 Record Access and Retention. Seller shall provide to Purchaser (at
Purchaser’s expense) copies of, or shall provide Purchaser reasonable access to, such factual information as may be reasonably requested by Purchaser, and in the possession or reasonable control of Seller, or its property manager or accountants
(without any requirement for Seller to compile, categorize or otherwise organize such information), to facilitate Purchaser’s auditor to in the conduct of an audit, in accordance with Rule 3-14 of Securities and Exchange Commission Regulation
S-X, of the income statements of the Property for the year to date of the year in which Closing occurs plus the two (2) immediately preceding calendar years (provided, however, that other than fees paid or payable to Seller, a Seller affiliate
or a third party for on-site property management, such audit shall not include an audit of asset management fees internally allocated by Seller (as opposed to paid to a third party) or interest expenses attributable to Seller). Purchaser shall be
responsible for all out-of-pocket 

  
 28 

 
costs associated with this audit. Seller shall reasonably cooperate (at no cost to Seller) with Purchaser’s auditor in the conduct of such audit. In addition, Seller agrees to provide to
Purchaser or any affiliate of Purchaser, if requested by such auditor, historical financial statements for the Property, including (without limitation) income and balance sheet data for the Property, whether requested before or after Closing.
Seller’s obligation to maintain its records for use under this Section 8.24 shall be an on-going condition to Closing for Purchaser’s benefit until Closing. Seller shall maintain its records for use under this Section 8.24 for a
period of not less than one year after the Closing Date. The provisions of this Section shall survive Closing. 
 [Signature Pages Follow]

  
 29 

 SIGNATURE PAGES TO 

REAL ESTATE CONTRACT 
 BY AND
BETWEEN 
 ORI PARK, INC. 
 AND

 RESOURCE REAL ESTATE OPPORTUNITY OP, LP 

IN WITNESS WHEREOF, the parties hereto have executed this Contract on the day and year written below. 

 

			
	“SELLER”
	
	 ORI PARK, INC.,
 a Nevada
corporation

		
	By:	 	 /s/ William W. Sengelmann

	Name:	 	 William W. Sengelmann

	Title:	 	 Senior Vice President

 Date: September 4, 2013 

  
 S-1 

 SIGNATURE PAGES TO 

REAL ESTATE CONTRACT 
 BY AND
BETWEEN 
 ORI PARK, INC. 
 AND

 RESOURCE REAL ESTATE OPPORTUNITY OP, LP 
  

					
	“PURCHASER”
	
	RESOURCE REAL ESTATE OPPORTUNITY OP, LP, a Delaware limited partnership
		
	By:	 	Resource Real Estate Opportunity REIT, Inc., a Maryland corporation, its general partner
			
		 	By:	 	 /s/ Kevin Finkel

		 	Name:	 	 Kevin Finkel

		 	Title:	 	 President

 Date: September 4, 2013 

  
 S-2 

 SIGNATURE PAGES TO 

REAL ESTATE CONTRACT 
 BY AND
BETWEEN 
 ORI PARK, INC. 
 AND

 RESOURCE REAL ESTATE OPPORTUNITY OP, LP 

Escrow Agent has executed this Contract in order to agree that Escrow Agent shall act as escrowee with respect to and shall hold the Earnest Money and the
interest earned thereon, in escrow, and shall disburse the Earnest Money, and the interest earned thereon, pursuant to the provisions of Exhibit B hereof. 

 

			
	CHICAGO TITLE COMPANY
		
	By:	 	 /s/ Eric Dahlberg

	Name:	 	 Eric Dahlberg

	Title:	 	 Escrow Officer

 Date: September 4, 2013 

  
 S-3 

 LIST OF EXHIBITS 

 

	A	Legal Description 

  

	B	Escrow Instructions 

  

	C	Property Information 

  

	D	Form of Deed 

  

	E	Form of Bill of Sale and Assignment of Leases and Contracts 

  

	F	Form of Notice to Tenants 

  

	G	Rent Roll 

  

	H	Service Contracts 

  

	I	Addresses for Notices 

  

	J	Legal Description of Camden Pinnacle 

 EXHIBIT A 

LEGAL DESCRIPTION 
 Parcel One: 

Lot 2, Block 1, 
 Ranch Pecos I Subdivision, according to the
plat recorded November 10, 1972 in Plat Book F13 at Page 110, County of Adams, State of Colorado. 
 Parcel Two: 

together with those certain easements set forth on Exhibits C and D on Use and Easement Declarations, recorded November 2, 1974 in Book 1963 at Pages 388
and 397, in Clerk and Recorders office of the County of Adams, State of Colorado. 

  
 A-1 

 EXHIBIT B 

ESCROW INSTRUCTIONS 

1. Investment and Use of Funds. The Escrow Agent shall invest the Earnest Money in government insured
interest-bearing segregated accounts satisfactory to Purchaser and Seller, shall not commingle the Earnest Money with any funds of the Escrow Agent or others, and shall promptly provide Purchaser and Seller
with confirmation of the investments made. If the Closing under this Contract occurs, the Escrow Agent shall apply the Earnest Money against the Purchase Price due Seller at Closing. 

2. Contract Terminations. Upon a termination of this Contract, either party to this Contract (the “Terminating Party”)
may give written notice to the Escrow Agent and the other party (the “Non-Terminating Party”) of such termination and the reason for such termination. Such request shall also constitute a request for the release of the applicable
Independent Contract Consideration to the Seller and the remainder of the Earnest Money to the Purchaser. The Non-Terminating Party shall then have five Business Days in which to object in writing to the release of the Earnest Money. If the
Non-Terminating Party provides such an objection, then the Escrow Agent shall retain the Earnest Money until it receives written instructions executed by both Seller and Purchaser as to the disposition and disbursement of the Earnest Money, or until
ordered by final court order, decree or judgment, which is not subject to appeal, to deliver the Earnest Money to a particular party, in which event the Earnest Money shall be delivered in accordance with such notice, instruction, order, decree or
judgment. 
 3. Interpleader. Seller and Purchaser mutually agree that in the event of any controversy regarding the Earnest Money,
unless mutual written instructions are received by the Escrow Agent directing the Earnest Money’s disposition, the Escrow Agent shall not take any action, but instead shall await the disposition of any proceeding relating to the Earnest Money
or, at the Escrow Agent’s option, the Escrow Agent may interplead all parties and deposit the Earnest Money with a court of competent jurisdiction in which event the Escrow Agent may recover all of its court costs and reasonable attorneys’
fees. Seller or Purchaser, whichever loses in any such interpleader action, shall be solely obligated to pay such costs and fees of the Escrow Agent, as well as the reasonable attorneys’ fees of the prevailing party in accordance with the other
provisions of this Contract. 
 4. Liability of Escrow Agent. The parties acknowledge that the Escrow Agent is acting solely as a
stakeholder at their request and for their convenience, that the Escrow Agent shall not be deemed to be the agent of either of the parties, and that the Escrow Agent shall not be liable to either of the parties for any action or omission on its part
taken or made in good faith, and not in disregard of this Contract, but shall be liable for its negligent acts and for any loss, cost or expense incurred by Seller or Purchaser resulting from the Escrow Agent’s mistake of law respecting the
Escrow Agent’s scope or nature of its duties. Seller and Purchaser shall jointly and severally indemnify and hold the Escrow Agent harmless from and against all costs, claims and expenses, including reasonable attorneys’ fees, incurred in
connection with the performance of the Escrow Agent’s duties hereunder, except with respect to actions or omissions taken or made by the Escrow Agent in bad faith, in disregard of this Contract or involving willful misconduct or negligence on
the part of the Escrow Agent. 

  
 B-1 

 EXHIBIT C 

PROPERTY INFORMATION 
 Construction Plan
Drawings and Specification Books, to be made available at the Real Property 
 Copies of permits and licenses related to or affecting the Property,
including, Pool and Spa Permits, Elevator Permits (if applicable), Flood Elevation Certifications (if applicable) and Boiler Permits (if applicable) 

Current inspections reports to be made available at the Real Property 

Certificates of Occupancy 
 Soil Reports, if available 

All existing environmental reports prepared for the Seller or in Seller’s possession 

Standard form of apartment lease used by Seller for the Real Property and the right to inspect the existing Leases (electronic) in the possession of the
property manager for the Real Property to be made available at the Real Property. 
 Copies of all Service Contracts for the Real Property (as defined in
the contract) 
 A list of Personal Property, 
 Insurance
Claims History for the current year and the past two years for the Property 
 Floor plans and amenities 

Site Plan for the Real Property 
 Any existing land title survey
for the Real Property (“Existing Survey”) 
 Warranties on major items (i.e., roof) for the Real Property 

Current Rent Rolls for the Real Property and historical monthly rent rolls for the period commencing December 1, 2011 to current date. 

Utility Account List for the Real Property (including names/addresses of utility companies; account numbers) 

Copies of Utility Bills (telephone, electric, water/sewer, gas and cable) for the past three months for the Real Property 

Real Estate Tax Bills for the past two years for the Real Property 

  
 C-1 

 Capital Expenditures current year and prior 2 years for the Property which is included on the Operating
Statements 
 Operating Statements for the Property for the current year and prior two years. 

Accounts payable and accounts receivable detail listing/aging reports as calendar years ending December 31, 2011 and December 31, 2012 and as of the
calendar month end. 
 General ledgers for 2012 and 2013. 

List of current on site staff by name and position. 

  
 C-2 

 EXHIBIT D 

When recorded, return to: 
  

					
	  
	  	
	  
	  	
	  
	  	
	Attention:	  	  
	  	

 SPECIAL WARRANTY DEED 

For Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, ORI PARK,
INC., a Nevada corporation (“Grantor”), hereby grants, sells and conveys to
                                        
(“Grantee”), that real property located in                      County, Colorado and legally described on Exhibit A
attached hereto and incorporated herein by this reference, together with all interests, privileges and easements appurtenant thereto and any and all improvements located thereon (the “Property”). 

SUBJECT TO: current taxes not yet due and payable, assessments and any other liens arising therefrom, all reservations in patents, deed
restrictions, if any, all easements, rights of way, covenants, conditions, restrictions, encroachments, liens, encumbrances, obligations and liabilities as may appear of record, and all other matters that can be determined by a visual inspection or
a complete and accurate survey of the Property (collectively, the “Permitted Exceptions”). 
 TO HAVE AND TO HOLD the
Property, subject to the Permitted Exceptions as aforesaid, unto Grantee, and Grantee’s successors and assigns, forever; and Grantor does hereby bind Grantor, and Grantor’s successors and assigns, to WARRANT and FOREVER DEFEND, all and
singular, the Property, subject to the Permitted Exceptions, unto Grantee, and Grantee’s successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof, by, through or under Grantor, but not
otherwise. 
 DATED effective as of the      day of
            , 20    . 
  

			
	 ORI PARK, INC.,
 a Nevada
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 D-1 

					
	STATE OF                     	  	)	  	
		  	) ss	  	
	COUNTY OF                    	  	)	  	

On                    ,
        , before me, the undersigned, a Notary Public in and for said County and State, personally appeared
                                        ,
personally known to me or proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
capacity(ies) and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 

WITNESS my hand and official seal. 
  

			
	  

	Notary Public in and for said County and State
	My Commission Expires:	 	  

  
 D-2 

 EXHIBIT A 

PROPERTY 

  
 D-3 

 EXHIBIT E 

BILL OF SALE AND ASSIGNMENT OF LEASES AND CONTRACTS 

This instrument is executed and delivered as of the      day of
            , 201     pursuant to that certain Improved Commercial Property Earnest Money Contract (“Contract”), dated
            , 201    , by and between ORI PARK, INC., a Nevada corporation (“Seller”), and
                    , a                     
(“Purchaser”), covering the real property described in Exhibit A attached hereto (“Real Property”). 

1. Sale of Personalty. For good and valuable consideration, Seller hereby sells, transfers, sets over and conveys to Purchaser the
following without recourse or warranty (the “Personal Property”): 
 (a) Tangible Personalty. All of Seller’s
right, title and interest in and to all fixtures, furniture, equipment, and other tangible personal property, if any, owned by Seller presently located on such property, including without limitation all of the furniture, equipment and other tangible
personal property listed on Exhibit B-1 attached hereto and incorporated herein by reference, but expressly excluding all computer equipment, computer networking equipment, check scanners, facsimile machines, photocopiers, any and all
licenses and software in connection with any of the foregoing exclusions, project signage bearing any name, logo or trademark of Seller or any of its affiliates, golf carts and other motorized vehicles and any items of personal property owned by
tenants, any managing agent or others (the “Tangible Personalty”). 
 (b) Intangible Personalty. All of
Seller’s right, title and interest in and to all entitlements and intangible personal property in connection with or arising out of the design, construction, ownership, occupancy, use, management, operation, maintenance, repair or ownership of
the Real Property (the “Intangible Personal Property”), including without limitation: (a) licenses, permits governmental approvals and certificates of occupancy relating to the operation of the Real Property, (b) the right
to use the name of the Real Property (if any) in connection with the Real Property (but expressly excluding any right to use the name “Camden”, or any derivation thereof, and any other names, logos and trademarks owned by Seller or any of
its affiliates), (c) if still in effect, guaranties and warranties received by Seller from any unrelated third party, contractor, manufacturer or other person in connection with improvements to or operation of the Real Property, and
(d) all local phone numbers and facsimile numbers for the Real Property. 
 2. Assignment of Leases and Contracts. For good and
valuable consideration, Seller hereby assigns, transfers, sets over and conveys to Purchaser, and Purchaser hereby accepts such assignment of, the following without recourse or warranty (the “Assigned Property”): 

(a) Leases. All of Seller’s right, title and interest in and to the tenant leases covering the Real Property and tenant security
deposits which are specifically listed on Exhibit B-2 attached hereto and incorporated herein by reference (“Leases and Deposits”), and Purchaser hereby assumes all of Seller’s obligations under the Leases and Deposits
arising from and after the date of this instrument; 
 (b) Service Contracts. All of Seller’s right, title and interest in and
to the service contracts described in Exhibit B-3 attached hereto and incorporated herein by reference (the “Service Contracts”). 

  
 E-1 

 3. Assumption. Purchaser, for itself and its successors or assigns, hereby assumes the
obligations of Seller under the Leases and Deposits and Service Contracts arising from and after the date of this instrument and shall defend, indemnify and hold harmless Seller from and against any liability, damages, causes of action, expenses,
and attorneys’ fees incurred by Seller by reason of Purchaser’s breach or default of its obligations with respect to the Leases or tenant security deposits arising on and after the date of this instrument. Seller shall defend, indemnify
and hold harmless Purchaser from and against any liability, damages, causes of action, expenses, and attorneys’ fees incurred by Purchaser by reason of Seller’s breach or default of its obligations with respect to the Leases arising before
the date of this instrument. 
 4. Agreement Applies. The covenants, agreements, representations, warranties, releases, indemnities
and limitations provided in the Contract with respect to the property conveyed hereunder (including, without limitation, the limitations of liability provided in the Contract), are hereby incorporated herein by this reference as if herein set out in
full and shall inure to the benefit of and shall be binding upon Purchaser and Seller and their respective successors and assigns. 
 5.
Disclaimer. As set forth in the Contract, which provisions are hereby incorporated by this reference as if herein set out in full, the Personal Property and Assigned Property are conveyed by Seller and accepted by Purchaser AS IS, WHERE IS,
AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF WHATSOEVER NATURE, EXPRESS OR IMPLIED, IT BEING THE INTENTION OF SELLER AND PURCHASER EXPRESSLY TO NEGATE AND EXCLUDE ALL WARRANTIES, INCLUDING WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE, WARRANTIES CREATED BY ANY AFFIRMATION OF FACT OR PROMISE OR BY ANY DESCRIPTION OF THE PROPERTY CONVEYED HEREUNDER, AND ALL OTHER REPRESENTATIONS AND WARRANTIES WHATSOEVER CONTAINED IN OR
CREATED BY THE UNIFORM COMMERCIAL CODE OF THE STATE OR STATES WHERE THE REAL PROPERTY IS LOCATED. 
 6. Counterparts. This instrument
may be executed in multiple counterparts, each of which shall constitute an original and all of which when taken together shall constitute one instrument. 

  
 E-2 

 IN WITNESS WHEREOF, the undersigned have caused this Bill of Sale and Assignment of Leases and
Contracts to be executed as of the date written above. 
  

			
	SELLER:
	
	 ORI PARK, INC.,
 a Nevada
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PURCHASER:
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 E-3 

 Exhibit A 

Legal Description 

  
 E-4 

 Exhibit B-1 

List of Personal Property 

  
 E-5 

 Exhibit B-2 

Leases and Security Deposits 

  
 E-6 

 Exhibit B-3 

Service Contracts 

  
 E-7 

 EXHIBIT F 

NOTICE TO RESIDENTS 

[Date] 
 [VIA FIRST CLASS MAIL] [PERSONAL
DELIVERY] 
 Property Name 
 Address 

City/State/Zip 
 Dear Resident: 

Notice is hereby given to the tenants of Camden Centennial Apartments (the “Property”) that ORI-Colorado, Inc.
(“Landlord”) has sold the Property to
                                        
(“Purchaser”) effective as of this date. Purchaser has assumed all of the obligations of Landlord under your lease, including any obligations with respect to your security deposit. Purchaser acknowledges that it has received and is
responsible for your security deposit, which security deposit has been transferred to Purchaser, less any amounts applied by Landlord. Purchaser is now your landlord and all future rent payments under your lease shall be made to Purchaser. 

In the event that your rent payments are made to Seller via an ACH or other automatic debit system, such payments shall be rejected as of the
date hereof and you should make alternative arrangements with Purchaser for the payment of your rent. 
 Purchaser’s address and
telephone number for purposes of your lease are as follows: 
  

			
		 	  

		 	  

		 	  

		 	  

  

			
	Sincerely,
	
	 ORI PARK, INC.,
 a Nevada
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	Authorized Signatory

  
 F-1 

 
			
	PURCHASER
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 F-2 

 EXHIBIT G 

RENT ROLL 

  
 G-1 

 EXHIBIT H 

SERVICE CONTRACTS 
  

			
	 VENDOR
	  	 SERVICE

	Mac-Gray Corporation	  	Laundry Lease Agreement
	Waste Management of Colorado	  	Trash Service

  
 H-1 

 EXHIBIT I 

ADDRESSES FOR NOTICES 
  

			
	Purchaser:	  	Seller:
		
	 Resource Real Estate Opportunity OP, LP
 3033 E.
1st Avenue, Suite 805
 Denver, Colorado 80206

Attn: Marshall P. Hayes
 Telephone: (303) 209-6351

Facsimile: (303) 553-8409
 email:
mhayes@resourcerei.com
	  	 ORI Park, Inc.
 c/o Camden USA, Inc.

11 Greenway Plaza, Suite 2400
 Houston, Texas 77046

Attn: William W. Sengelmann
 Telephone: (713) 354-2527

Facsimile: (713) 354-2708
 email:
bsengelmann@camdenliving.com

	Copy to:	  	
		
	 Resource Real Estate Opportunity OP, LP
 1845
Walnut Street, 18th Floor
 Philadelphia, PA 19103

Attn: Shelle Weisbaum
 Telephone: (215) 832-4187

Facsimile: (215) 761-0452
 email:
sweisbaum@resourcerei.com
	  	 and:
  

Camden Development, Inc.
 11 Greenway Plaza, Suite 2400

Houston, Texas 77046
 Attn: Stanley Jones

Telephone: (713) 354-2637
 Facsimile: (713) 354-2708

email: scjones@camdenliving.com

	And to:	  	
		  	Copy to:
	 Ledgewood, PC
 1900 Market Street, Suite 750

Philadelphia, PA 19103
 Attn: Stacy C. Bedwick, Esq.

Telephone: (215) 731-9450
 Facsimile: (215) 735-2513

email: sbedwick@ledgewood.com
	  	  
 Camden Property Trust

11 Greenway Plaza, Suite 2400
 Houston, Texas 77046

Attn: J. Robert Fisher
 Telephone: (713) 354-2827

Facsimile: (713) 354-2710
 email:
bfisher@camdenliving.com

  
 I-1 

 EXHIBIT J 

LEGAL DESCRIPTION OF CAMDEN CENTENNIAL 

Lot 1, 
 Block 1, 

Centennial, 
 County of Arapahoe, 

State of Colorado 

  
 J-1EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

$550,000,000 
 CREDIT AGREEMENT

 Dated as of September 13, 2013 

among 
 WEYERHAEUSER COMPANY, as
Borrower, 
 THE LENDERS FROM TIME TO TIME PARTY HERETO, 

COBANK ACB, as Administrative Agent, 
  

 
 COBANK, ACB, as Sole Bookrunner, 

and 
 COBANK, ACB, NORTHWEST FARM
CREDIT SERVICES, PCA, and AMERICAN 
 AGCREDIT, PCA, as Joint Lead Arrangers 

 
  

 

 TABLE OF CONTENTS 
  

							
	 	  	Page	 
		
	Article I. DEFINITIONS	  	 	1	  
			
	 Section 1.01
	    	Defined Terms	  	 	1	  
	 Section 1.02
	    	Terms Generally	  	 	13	  
	 Section 1.03
	    	Accounting Terms; GAAP	  	 	13	  
		
	 Article II. THE CREDITS
	  	 	14	  
			
	 Section 2.01
	    	Commitments	  	 	14	  
	 Section 2.02
	    	Loans	  	 	14	  
	 Section 2.03
	    	Conversion and Continuation of Loans	  	 	17	  
	 Section 2.04
	    	Fees	  	 	19	  
	 Section 2.05
	    	Repayment of Loans; Evidence of Debt	  	 	19	  
	 Section 2.06
	    	Interest on Loans	  	 	19	  
	 Section 2.07
	    	Default Interest	  	 	21	  
	 Section 2.08
	    	Alternate Rate of Interest	  	 	21	  
	 Section 2.09
	    	Termination and Reduction of Commitments	  	 	21	  
	 Section 2.10
	    	Prepayment	  	 	22	  
	 Section 2.11
	    	Reserve Requirements; Change in Circumstances	  	 	22	  
	 Section 2.12
	    	Change in Legality	  	 	24	  
	 Section 2.13
	    	Indemnity	  	 	25	  
	 Section 2.14
	    	Pro Rata Treatment	  	 	26	  
	 Section 2.15
	    	Sharing of Setoffs	  	 	26	  
	 Section 2.16
	    	Payments	  	 	26	  
	 Section 2.17
	    	Taxes	  	 	27	  
	 Section 2.18
	    	Mitigation Obligations; Replacement of Lenders	  	 	30	  
	 Section 2.19
	    	Defaulting Lenders	  	 	31	  
		
	Article III. REPRESENTATIONS AND WARRANTIES	  	 	32	  
			
	 Section 3.01
	    	Organization; Powers	  	 	32	  
	 Section 3.02
	    	Authorization	  	 	32	  
	 Section 3.03
	    	Enforceability	  	 	32	  
	 Section 3.04
	    	Consents and Approvals	  	 	32	  
	 Section 3.05
	    	Financial Statements	  	 	33	  
	 Section 3.06
	    	No Material Adverse Change	  	 	33	  
	 Section 3.07
	    	Title to Properties; Possession Under Leases	  	 	33	  
	 Section 3.08
	    	Subsidiaries	  	 	33	  
	 Section 3.09
	    	Litigation; Compliance with Laws	  	 	34	  
	 Section 3.10
	    	Agreements	  	 	34	  
	 Section 3.11
	    	Federal Reserve Regulations	  	 	34	  
	 Section 3.12
	    	Investment Company Act	  	 	34	  
	 Section 3.13
	    	Tax Returns	  	 	34	  
	 Section 3.14
	    	No Material Misstatements	  	 	34	  
	 Section 3.15
	    	Compliance with ERISA	  	 	35	  
	 Section 3.16
	    	Environmental Matters	  	 	35	  

  
 i 

							
	 Section 3.17
	    	Maintenance of Insurance	  	 	36	  
	 Section 3.18
	    	Ranking	  	 	36	  
		
	 Article IV. CONDITIONS OF LENDING
	  	 	36	  
			
	 Section 4.01
	    	Closing Date	  	 	36	  
	 Section 4.02
	    	Funding Date	  	 	38	  
		
	 Article V. AFFIRMATIVE COVENANTS
	  	 	38	  
			
	 Section 5.01
	    	Existence; Businesses and Properties	  	 	39	  
	 Section 5.02
	    	Insurance	  	 	39	  
	 Section 5.03
	    	Obligations and Taxes	  	 	39	  
	 Section 5.04
	    	Financial Statements, Reports, etc.	  	 	40	  
	 Section 5.05
	    	Litigation and Other Notices	  	 	41	  
	 Section 5.06
	    	ERISA	  	 	42	  
	 Section 5.07
	    	Maintaining Records; Access to Properties and Inspections	  	 	42	  
	 Section 5.08
	    	Use of Proceeds	  	 	43	  
	 Section 5.09
	    	Environmental Matters	  	 	43	  
	 Section 5.10
	    	Ownership Requirement	  	 	44	  
	 Section 5.11
	    	Claim Agreement	  	 	45	  
	 Section 5.12
	    	Farm Credit Equity	  	 	45	  
	 Section 5.13
	    	Further Assurances	  	 	46	  
		
	 Article VI. NEGATIVE COVENANTS
	  	 	47	  
			
	 Section 6.01
	    	Covenants of Weyerhaeuser	  	 	47	  
		
	 Article VII. EVENTS OF DEFAULT
	  	 	49	  
			
	 Section 7.01
	    	Events of Default	  	 	49	  
		
	 Article VIII. THE ADMINISTRATIVE AGENT
	  	 	52	  
			
	 Section 8.01
	    	The Administrative Agent	  	 	52	  
	 Section 8.02
	    	Other Agents	  	 	55	  
		
	 Article IX. MISCELLANEOUS
	  	 	55	  
			
	 Section 9.01
	    	Notices	  	 	55	  
	 Section 9.02
	    	Survival of Agreement	  	 	56	  
	 Section 9.03
	    	Binding Effect	  	 	56	  
	 Section 9.04
	    	Successors and Assigns	  	 	56	  
	 Section 9.05
	    	Expenses; Indemnity	  	 	60	  
	 Section 9.06
	    	Right of Setoff	  	 	61	  
	 Section 9.07
	    	Applicable Law	  	 	61	  
	 Section 9.08
	    	Waivers; Amendment	  	 	61	  
	 Section 9.09
	    	Interest Rate Limitation	  	 	63	  
	 Section 9.10
	    	Entire Agreement	  	 	63	  
	 Section 9.11
	    	WAIVER OF JURY TRIAL	  	 	63	  
	 Section 9.12
	    	Severability	  	 	64	  
	 Section 9.13
	    	Counterparts	  	 	64	  
	 Section 9.14
	    	Headings	  	 	64	  

  
 ii 

							
	 Section 9.15
	    	Jurisdiction; Consent to Service of Process	  	 	64	  
	 Section 9.16
	    	Domicile of Loans	  	 	65	  
	 Section 9.17
	    	Restricted and Unrestricted Subsidiaries	  	 	65	  
	 Section 9.18
	    	USA PATRIOT Act	  	 	65	  
	 Section 9.19
	    	No Fiduciary Duty	  	 	66	  
	 Section 9.20
	    	Most Favored Lender	  	 	66	  

 EXHIBITS 
  

			
	Exhibit A-1	  	Form of Borrowing Request
	Exhibit A-2	  	Form of Quoted Rate Request
	Exhibit A-3	  	Form of Quoted Rate Quote
	Exhibit A-4	  	Form of Quoted Rate Acceptance
	Exhibit B	  	Form of Administrative Questionnaire
	Exhibit C	  	Form of Assignment and Acceptance
	Exhibit D-1	  	Form of Certification of Financial Statements
	Exhibit D-2	  	Form of Compliance Certificate
	Exhibit E	  	Form of Promissory Note
	Exhibit F	  	Claim Agreement

 SCHEDULES 
  

	
	Schedule 2.01 Commitments
	Schedule 3.08 Subsidiaries of Weyerhaeuser
	Schedule 4.01(h) Farm Credit Equities to be Purchased on or prior to the Closing Date
	Schedule 9.01 Notices
	Schedule 9.04(f) Voting Participants

  
 iii 

 EXECUTION VERSION 

CREDIT AGREEMENT dated as of September 13, 2013 among WEYERHAEUSER COMPANY, a Washington corporation (“Weyerhaeuser” or
the “Borrower”), the lenders listed in Schedule 2.01 (together with each assignee that becomes a party hereto pursuant to Section 9.04, a “Lender,” and collectively, the “Lenders”), COBANK,
ACB, a federally-chartered agricultural credit bank (“CoBank”), as administrative agent for the Lenders (in such capacity, and its successors in such capacity, the “Administrative Agent”), COBANK, as Sole
Bookrunner, and COBANK, NORTHWEST FARM CREDIT SERVICES, PCA, a federally-chartered production credit association, and AMERICAN AGCREDIT, PCA, a federally-chartered production credit association, as Joint Lead Arrangers. 

W I T N E S S E T H: 

WHEREAS, Weyerhaeuser has requested that the Lenders enter into this Credit Agreement to provide Weyerhaeuser with a portion of the financing
necessary to (a) repay existing indebtedness of Longview Timberlands LLC, a Delaware limited liability company and Longview Timber, Corp., a Delaware corporation, and (b) pay fees and expenses related thereto. 

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements contained herein, the parties hereto hereby agree
as follows: 
 ARTICLE I. 

DEFINITIONS 

Section 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings specified below: 

“Administrative Agent Fees” shall have the meaning given such term in Section 2.04(a). 

“Administrative Questionnaire” shall mean an Administrative Questionnaire in the form of Exhibit B hereto. 

“Affiliate” shall mean, when used with respect to a specified person, another person that directly, or indirectly through one
or more intermediaries, Controls or is Controlled by or is under common Control with the person specified. 
 “Aggregate Credit
Exposure” shall mean the aggregate amounts of the Lenders’ Credit Exposures. 
 “Agreement” shall mean this
Credit Agreement, together with all amendments, supplements and modifications hereof. 
 “Anti-Corruption Laws” means the
United States Foreign Corrupt Practices Act of 1977. 
 “Applicable Margin” shall have the meaning given such term in
Section 2.06(c). 
 “Applicable Percentage” of any Lender at any time shall mean the percentage of the Total
Commitment represented by such Lender’s Commitment; provided that in the case of Section 2.19 

 
when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the percentage of the Total Commitment (disregarding any Defaulting Lender’s Commitment). In the event the
Commitments shall have expired or been terminated, the Applicable Percentage shall be determined on the basis of the Commitments most recently in effect, but giving effect to assignments pursuant to Section 9.04 and to any Lender’s status
as a Defaulting Lender at the time of determination. 
 “Assignment and Acceptance” shall mean an assignment and acceptance
entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, which acceptance shall be governed by the terms of Section 9.04, substantially in
the form of Exhibit C. 
 “Base Rate” shall mean, for any day, a rate per annum determined by the Administrative Agent on
the first Business Day of each week equal to the highest of (i) the Prime Rate in effect on such day, (ii)  1⁄2 of 1% plus the Federal Funds Rate for
such day and (iii) the Eurodollar Rate for a Eurodollar Loan with a one-month interest period commencing on such day plus 1%, each as in effect from time to time. If for any reason the Administrative Agent shall have determined (which
determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Rate, including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms thereof, the
Base Rate shall be determined without regard to clause (ii) of the first sentence of this definition, until the circumstances giving rise to such inability no longer exist. Any change in the Base Rate due to a change in the calculation thereof
shall be effective as of the opening of business on the first Business Day of each week and without necessity of notice being provided to the Borrower or any other Person. 

“Base Rate Borrowing” shall mean a Borrowing comprised of Base Rate Loans. 

“Base Rate Loan” shall mean any Loan bearing interest at a rate determined by reference to the Base Rate in accordance with
the provisions of Article II. 
 “Board” shall mean the Board of Governors of the Federal Reserve System of the United
States. 
 “Borrower” shall have the meaning given such term in the introductory paragraph hereto. 

“Borrowing” shall mean a group of Loans of a single Type made by the Lenders on a single date and as to which a single
Interest Period is in effect. 
 “Borrowing Request” shall mean a request made pursuant to Section 2.02(e) in the form
of Exhibit A-1. 
 “Business Day” shall mean any day (other than a day which is a Saturday, Sunday or legal holiday in the
State of New York) on which banks are open for business in New York City; provided, however, that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not open
for dealings in dollar deposits in the London interbank market. 

  
 2 

 “Capital Lease Obligations” of any person shall mean the obligations of such
person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a
balance sheet of such person under GAAP and, for purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. 

A “Change in Control” shall be deemed to have occurred if (i) any person or group (within the meaning of Rule 13d-5 of
the SEC as in effect on the date hereof) shall own directly or indirectly, beneficially or of record, shares representing more than 20% of the aggregate ordinary voting power represented by the issued and outstanding capital stock of Weyerhaeuser,
(ii) a majority of the seats (other than vacant seats) on the board of directors of Weyerhaeuser shall at any time have been occupied by persons who were neither (A) nominated by the management of Weyerhaeuser in accordance with its
charter and by-laws, nor (B) appointed by directors so nominated, or (iii) any person or group shall otherwise directly or indirectly Control Weyerhaeuser. 

“Claim Agreement” means the Claim Agreement dated as of September 13, 2013 executed by Weyerhaeuser and WNR in favor of
the Administrative Agent for the benefit of the Lenders and attached hereto as Exhibit F. 
 “Closing Date” shall mean the
first date on which the conditions precedent set forth in Section 4.01 shall have been satisfied. 
 “Code” shall mean
the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and rulings issued thereunder. Section references to the Code are to the Code, as in effect at the date of this Agreement and any subsequent provisions
of the Code, amendatory thereof, supplemental thereto or substituted therefor. 
 “Commitment” shall mean, with respect to
each Lender, the commitment of such Lender hereunder, if any, to make Loans in an aggregate principal and/or face amount not to exceed the amount set forth in Schedule 2.01 or in the Assignment and Acceptance pursuant to which such Lender shall have
assumed its commitment, as applicable, as the same may be permanently reduced, increased or terminated from time to time pursuant to Section 2.09, Section 2.18, Article VII or Section 9.04. 

“Commitment Termination Date” shall mean October 31, 2013. 

“Control” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of a person, whether through the ownership of voting securities or by contract, and “Controlling” and “Controlled” shall have meanings correlative thereto. 

“Credit Exposure” shall mean, with respect to each Lender, at any time, the aggregate principal amount at such time of all
outstanding Loans of such Lender to the Borrower. 
 “Default” shall mean any event or condition which upon notice, lapse
of time or both would constitute an Event of Default. 

  
 3 

 “Defaulting Lender” means any Lender, as determined by the Administrative Agent,
that has (a) failed to fund any portion of its Loans within three Business Days of the date required to be funded by it hereunder, unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result
of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied
(b) notified the Borrower, the Administrative Agent or any Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to
comply with its funding obligations under this Agreement or under other agreements in which it commits to extend credit, unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such
position is based on such Lender’s determination that a condition precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) cannot be satisfied,
(c) failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans, provided that such Lender shall
cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent, (d) otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required
to be paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute, or (e) (i) become or is insolvent or has a parent company that has become or is insolvent or (ii) become the
subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding
or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its
consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct
or indirect parent company thereof by a Government Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or
writs of attachment on its assets or permit such (or such Government Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. 

“Dollars,” “dollars” or “$” shall mean lawful money of the United States of America. 

“Environmental Claims” shall mean any and all administrative, regulatory, or judicial actions, suits, demand letters, claims,
liens, notices of noncompliance or violation, investigations, or proceedings relating in any way to any Environmental Law (hereinafter referred to as “claims”) or any permit issued under any such Environmental Law, including without
limitation (a) any and all claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial, or other actions or damages pursuant to any applicable Environmental Law, and (b) any and all claims by any third party
seeking damages, contribution, indemnification, cost recovery, compensation, or injunctive relief resulting from Hazardous Materials or arising from alleged injury or threat of injury to health, safety, or the environment. 

  
 4 

 “Environmental Laws” shall mean any and all Federal, state, local and foreign
statutes, laws, regulations, ordinances, codes, rules (including rules of common law), judgments, orders, decrees, permits, concessions, grants, franchises, licenses, legally-binding agreements or other governmental restrictions now or hereafter in
effect relating to the environment, health, safety, Hazardous Materials (including, without limitation, the manufacture, processing, distribution, use, treatment, storage, Release, and transportation thereof) or to industrial hygiene or the
environmental conditions on, under or about real property, including, without limitation, soil, groundwater, and indoor and outdoor ambient air conditions. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated and rulings issued thereunder. Section references to ERISA are to ERISA, as in effect at the date of this Agreement and any subsequent provisions of ERISA, amendatory thereof, supplemental thereto or substituted therefor. 

“ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that, together with Weyerhaeuser, is treated
as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414(b), (c), (m) or (o) of the
Code. 
 “Eurodollar Borrowing” shall mean a Borrowing comprised of Eurodollar Loans. 

“Eurodollar Loan” shall mean any Loan bearing interest at a rate determined by reference to the Eurodollar Rate in accordance
with the provisions of Article II. 
 “Eurodollar Rate” shall mean, with respect to any Eurodollar Borrowing for any
Interest Period, the rate reported by Bloomberg Information Services (or on any successor or substitute service, providing rate quotations comparable to those currently provided by such service, as determined by the Administrative Agent from time to
time for the purpose of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate
for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the “Eurodollar Rate” with respect to such Eurodollar Borrowing for such Interest
Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank
market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period. 
 “Event of
Default” shall have the meaning given such term in Article VII. 
 “FATCA” shall mean Sections 1471 through 1474
of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any
agreements entered into pursuant to Section 1471(b)(1) of the Code. 
 “Farm Credit Equities” shall have the meaning
given such term in Section 5.12(a). 

  
 5 

 “Farm Credit Lender” means a lending institution organized and existing pursuant
to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration. 
 “Federal Funds
Rate” shall mean, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers,
as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the
quotations for the day of such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 

“Fees” shall mean the Administrative Agent Fees and any other fees separately agreed upon in writing between Weyerhaeuser and
one or more of the Lead Arrangers or the Lenders. 
 “Financial Officer” of any corporation shall mean the chief financial
officer, principal accounting officer, treasurer or controller of such corporation. 
 “Funding Date” shall have the
meaning given to such term in Section 2.01. 
 “GAAP” shall mean accounting principles generally accepted in the
United States, applied on a consistent basis. 
 “Governmental Authority” shall mean the government of the United States of
America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government. 
 “Guarantee” of or by any person shall mean any
obligation, contingent or otherwise, of such person guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other person (the “primary obligor”) in any manner, whether directly or indirectly, and including
any obligation of such person, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the
payment of such Indebtedness, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness of the payment of such Indebtedness, (c) to maintain working capital, equity capital or
other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such
Indebtedness or obligation; provided, however, that the term Guarantee shall not include endorsements for collection or deposit, in either case in the ordinary course of business. 

“Hazardous Materials” shall mean (a) any petroleum or petroleum products, flammable substances, explosives, radioactive
materials, hazardous wastes, substances or contaminants, toxic wastes, substances or contaminants, or any other wastes, substances, contaminants or pollutants prohibited, limited or regulated by any Governmental Authority; (b) asbestos in any
form that is or could become friable, urea formaldehyde foam insulation, transformers or other 

  
 6 

 
equipment that contains dielectric fluid containing levels of polychlorinated biphenyls or radon gas; (c) any chemicals, materials or substances defined as or included in the definition of
“hazardous substances,” “hazardous wastes,” “hazardous materials,” “extremely hazardous wastes,” “restricted hazardous wastes,” “toxic substances,” “toxic pollutants,”
“contaminants,” or “pollutants,” or words of similar import, under any applicable Environmental Law; and (d) any other chemical, material, or substance, exposure to which is prohibited, limited, or regulated by any
Governmental Authority. 
 “Indebtedness” of any person shall mean, without duplication, (a) all obligations of such
person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such person under conditional sale or
other title retention agreements relating to property or assets purchased by such person, (d) all obligations of such person issued or assumed as the deferred purchase price of property or services (excluding current accounts payable incurred
in the ordinary course of business), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such
person, whether or not the obligations secured thereby have been assumed, (f) all Guarantees by such person of Indebtedness of others, (g) all Capital Lease Obligations of such person and (h) all obligations of such person as an
account party in respect of letters of credit, letters of guaranty and bankers’ acceptances. The Indebtedness of any person shall include the Indebtedness of any partnership in which such person is a general partner. 

“Interest Period” shall mean, (a) as to any Eurodollar Borrowing, the period commencing on the date of such Borrowing or
on the date of conversion of a Borrowing of a different Type to a Eurodollar Borrowing or on the last day of the immediately preceding Interest Period applicable to such Borrowing or conversion thereof, as the case may be, and ending on the
numerically corresponding day (or, if there is no numerically corresponding day, on the last day) in the calendar month that is 1, 2, 3 or 6 months thereafter, as the Borrower may elect and (b) as to any Quoted Rate Borrowing comprising part of
the same Borrowing, the period commencing on the date of such Quoted Rate Borrowing or the date of the conversion of any Eurodollar Borrowing or Base Rate Borrowing into such Quoted Rate Borrowing and ending on the last day of the period of time
selected by the Borrower and agreed to by the Lenders; provided, however, that if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in
the case of Eurodollar Loans, such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day; provided further that (i) no Interest Period
for any Loan shall extend beyond the Maturity Date; (ii) each Interest Period with respect to a Quoted Rate Borrowing shall be for a minimum of two years, or if the period from the date of such Borrowing until the Maturity Date is less than two
years, for the period of time remaining until the Maturity Date; and (iii) each Interest Period with respect to a Quoted Rate Borrowing shall commence on (x) the date of such Borrowing with respect to any portion of a Borrowing that will
bear interest at the Quoted Rate or (y) the date of continuation of or conversion to a Quoted Rate Borrowing with respect to an existing Borrowing, as applicable. 

“Lead Arrangers” shall mean, collectively, CoBank, Northwest Farm Credit Services, PCA and American AgCredit, PCA. 

  
 7 

 “Lender” and “Lenders” shall have the respective meanings given
such terms in the introductory paragraph hereto. 
 “Lender Affiliate” shall mean, (a) with respect to any Lender,
(i) an Affiliate of such Lender or (ii) any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit in the
ordinary course of its business and is administered or managed by a Lender or an Affiliate of such Lender and (b) with respect to any Lender that is a fund which invests in bank loans and similar extensions of credit, any other fund that
invests in bank loans and similar extensions of credit and is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, encumbrance, charge or
security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement relating to such asset and (c) in the case of securities, any purchase option,
call or similar right of a third party with respect to such securities. 
 “Loan” shall mean any term loan made by a Lender
to the Borrower as part of a Borrowing pursuant to Section 2.01. 
 “Loan Documents” shall mean this Agreement, the
Claim Agreement and any notes issued in accordance with Section 2.05. 
 “Mandatory Convertible Debt Securities” with
respect to Weyerhaeuser, shall mean all obligations of Weyerhaeuser evidenced by bonds, notes, debentures, or other similar instruments, which by their terms convert mandatorily into equity interests of Weyerhaeuser no later than three years from
the date of issuance of such bonds, notes, debentures, or other similar instruments; provided that at no time shall the aggregate outstanding principal amount of such obligations included in the definition of “Mandatory Convertible Debt
Securities,” prior to their conversion, exceed $1,500,000,000. 
 “Margin Stock” shall have the meaning given such
term under Regulation U. 
 “Material Adverse Effect” shall mean (a) a materially adverse effect on the business,
financial condition, operations or properties of Weyerhaeuser and its Subsidiaries, taken as a whole, (b) a materially adverse effect on the ability of Weyerhaeuser or any of its Subsidiaries to perform its obligations under any Loan Documents
to which it is or will be a party, or (c) a materially adverse effect on the rights and remedies available to the Administrative Agent and the Lenders under the Loan Documents. 

“Maturity Date” shall mean September 13, 2020. 

“Moody’s” shall mean Moody’s Investors Service, Inc., a corporation organized and existing under the laws of the
State of Delaware, and its successors and assigns, and if such corporation shall for any reason no longer perform the functions of a securities rating agency, “Moody’s” shall be deemed to refer to any other nationally
recognized rating agency designated by Weyerhaeuser and the Required Lenders. 

  
 8 

 “Notice of Quoted Rate Borrowing” shall have the meaning given such term in
Section 2.02(d). 
 “OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury.

 “Other Connection Taxes” means, with respect to any recipient, taxes imposed as a result of a present or former
connection between such recipient and the jurisdiction imposing such taxes (other than a connection arising from such recipient having executed, delivered, enforced, become a party to, performed its obligations under, received payments under,
received or perfected a security interest under, or engaged in any other transaction pursuant to, or enforced, any Loan Document, or sold or assigned an interest in any Loan Document). 

“Participant” shall have the meaning given such term in Section 9.04(e). 

“Participant Register” shall have the meaning given such term in Section 9.04(e). 

“PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant to Section 4002 of ERISA, or any
successor thereto. 
 “Person” shall mean any natural person, corporation, business trust, joint venture, joint stock
company, trust, unincorporated organization, association, company, partnership or government, or any agency or political subdivision thereof. 

“Plan” shall mean any multiemployer or single-employer plan as defined in Section 4001 of ERISA covered by Title IV of
ERISA, which is maintained or contributed to by (or to which there is an obligation to contribute of), or at any time during the five calendar years preceding the date of this Agreement was maintained or contributed to by (or to which there was an
obligation to contribute of), Weyerhaeuser or an ERISA Affiliate. 
 “Prime Rate” means a variable rate of interest per
annum equal, on any day, to the rate of interest published on such day in the Eastern Edition of The Wall Street Journal as the average prime lending rate for 70% of the nation’s largest banks, or if the Eastern Edition of The Wall
Street Journal or such rate is not published on such day, such rate as last published in the Eastern Edition of The Wall Street Journal. In the event The Wall Street Journal ceases to publish such rate on a regular basis, the term
“Prime Rate” shall be determined on any day by reference to such other regularly published average prime rate for such date applicable to commercial banks as is reasonably acceptable to the Administrative Agent. Any change in the Prime
Rate shall be automatically effective on the date such change is published, without the necessity of notice to the Borrower. 

“Quoted Rate” shall mean a fixed rate of interest for a specified Interest Period as determined and quoted by the
Administrative Agent from time to time, at the request of the Borrower and with the concurrence of the Lenders, pursuant to Section 2.02(d). 

“Quoted Rate Acceptance” shall have the meaning given such term in Section 2.02(d). 

“Quoted Rate Borrowing” shall mean a Borrowing comprised of Quoted Rate Loans. 

  
 9 

 “Quoted Rate Conversion Request” shall have the meaning given such term in
Section 2.03(c). 
 “Quoted Rate Loan” shall mean any Loan that bears interest at a Quoted Rate. 

“Quoted Rate Quote” shall have the meaning given such term in Section 2.02(d). 

“Quoted Rate Request” shall have the meaning given such term in Section 2.02(d). 

“Rating” shall mean, as of any date, the rating by Moody’s and S&P in effect on such date, of the Senior Unsecured
Long-Term Debt of Weyerhaeuser. 
 “Register” shall have the meaning given such term in Section 9.04(c). 

“Regulation D” shall mean Regulation D of the Board as from time to time in effect and all official rulings and
interpretations thereunder or thereof. 
 “Regulation T” shall mean Regulation T of the Board as from time to time in
effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation U” shall mean Regulation U of the
Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation X”
shall mean Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 

“Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 
 “Release” shall
mean disposing, discharging, injecting, spilling, leaking, dumping, emitting, escaping, emptying, seeping, placing, and the like, into or upon any land or water or air, or otherwise entering into the environment. 

“Reportable Event” shall mean an event described in Section 4043(c) of ERISA or the regulations issued thereunder with
respect to a Plan as to which the 30-day notice requirement has not been waived by statute, regulation or otherwise. 
 “Required
Lenders” shall mean, at any time, Lenders having Credit Exposures and unused Commitments representing more than 50% of the sum of the Aggregate Credit Exposure and unused Commitments at such time. With respect to any matter requiring the
approval of the Required Lenders, it is understood that Voting Participants shall have the voting rights specified in Section 9.04(f) as to such matter. 

“Restricted Subsidiary” shall mean, with respect to Weyerhaeuser, each Subsidiary that has not been designated as an
Unrestricted Subsidiary on Schedule 3.08 and thereafter not designated by a Financial Officer of Weyerhaeuser as an Unrestricted Subsidiary after the Closing Date pursuant to Section 9.17. On the Closing Date, Weyerhaeuser and its subsidiaries
shall be deemed Restricted Subsidiaries unless a Financial Officer of Weyerhaeuser shall have designated any of such entities as an Unrestricted Subsidiary on the Closing Date. 

  
 10 

 “Revolving Credit Agreement” shall mean that certain Revolving Credit Facility
Agreement dated as of September 11, 2013 among Weyerhaeuser and WRECO, as Borrowers, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. 

“Sanctioned Person” means, at any time, a (a) any Person or vessel listed in any Sanctions-related list of specially
designated Persons maintained by OFAC, the U.S. Department of State or the U.S. Department of Commerce or (b) any Person owned or controlled by such Person. 

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by
OFAC, the U.S. Department of State or the U.S. Department of Commerce. 
 “S&P” shall mean Standard &
Poor’s Financial Services LLC, a limited liability company organized and existing under the laws of the State of New York, and its successors and assigns, and if such corporation shall for any reason no longer perform the functions of a
securities rating agency, “S&P” shall be deemed to refer to any other nationally recognized rating agency designated by Weyerhaeuser and the Required Lenders. 

“SEC” shall mean the Securities and Exchange Commission or any successor. 

“Senior Unsecured Long-Term Debt” shall mean the unsecured bonds, debentures, notes or other Indebtedness of Weyerhaeuser,
designated on its financial statements as senior long-term indebtedness. In the event more than one issue of Senior Unsecured Long Term Debt shall be outstanding at any relevant time and different credit ratings shall have been issued by S&P or
Moody’s for such issues, Senior Unsecured Long-Term Debt shall be deemed to refer to the lowest rated issue. 

“subsidiary” shall mean, with respect to any Person (herein referred to as the “parent”), any corporation,
partnership, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power to elect a majority of the board of directors or more
than 50% of the general partnership interests are, at the time any determination is being made, owned, controlled or held, or (b) which is, at the time any determination is made, otherwise Controlled, by the parent or one or more subsidiaries
of the parent or by the parent and one or more subsidiaries of the parent. 
 “Subsidiary” shall mean any subsidiary of
Weyerhaeuser. 
 “Timberlands” shall mean, at any date of determination, all real property owned by or leased to
Weyerhaeuser that is primarily used for timber production. 
 “Total Adjusted Shareholders’ Interest” shall mean, at
any time, the amount of the preferred, preference and common shares accounts plus (or minus in the case of a deficit) the amount of other capital and retained earnings, in accordance with GAAP, of Weyerhaeuser and

  
 11 

 
its consolidated Subsidiaries, less treasury common shares and the aggregate net book value (after deducting any reserves applicable thereto) of all items of the following character which are
included in the consolidated assets of Weyerhaeuser and its consolidated Subsidiaries: 
 (a) investments in Unrestricted
Subsidiaries; and 
 (b) without duplication, investments by Weyerhaeuser and its consolidated Subsidiaries in WRECO and its
consolidated Subsidiaries. 
 No effect shall be given for any increases or decreases attributable to cumulative other comprehensive income resulting from
the application of Accounting Standards Codification Topic 715. 
 “Total Commitment” shall mean at any time the aggregate
amount of the Commitments as in effect at such time, and on the date hereof shall mean $550,000,000. 
 “Total Funded
Indebtedness” with respect to Weyerhaeuser shall mean, at any time, the aggregate principal amount of all Indebtedness (other than Guarantees by such Person of Indebtedness of others) for borrowed money or for the deferred purchase price of
property and Capital Lease Obligations of Weyerhaeuser and its consolidated Subsidiaries, excluding (a) the Indebtedness of Unrestricted Subsidiaries, (b) without duplication, the Indebtedness of WRECO and its consolidated Subsidiaries,
and (c) 80% of the aggregate principal amount of the Mandatory Convertible Debt Securities outstanding at such time. 

“Transactions” shall have the meaning given such term in Section 3.02. 

“Transferee” shall have the meaning given such term in Section 2.17. 

“Type,” when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or
on the Loans comprising such Borrowing is determined. For purposes hereof, “Rate” shall include the Eurodollar Rate, Base Rate or Quoted Rate applicable to any Loan. 

“Unfunded Current Liability” of any Plan shall mean the amount, if any, by which the present value of the accrued benefits
under the Plan as of the close of its most recent plan year, determined in accordance with Accounting Standards Codification Topic 715 or Accounting Standards Codification Topic 960, as applicable, based upon the actuarial assumptions used by the
Plan’s actuary in the most recent annual valuation of the Plan, exceeds the fair market value of the assets allocable thereto, determined in accordance with Section 430 of the Code or Section 431 of the Code, as applicable. 

“Unrestricted Subsidiary” shall mean each Subsidiary that has been designated as an Unrestricted Subsidiary on Schedule 3.08
and any Subsidiary which has been designated by a Financial Officer of Weyerhaeuser as an Unrestricted Subsidiary after the Closing Date pursuant to Section 9.17. 

“Voting Participant” shall have the meaning given such term in Section 9.04(f). 

  
 12 

 “Voting Participant Notification” shall have the meaning given such term in
Section 9.04(f). 
 “Weyerhaeuser” shall have the meaning given such term in the introductory paragraph hereto. 

“Withholding Agent” shall mean the Borrower and the Administrative Agent. 

“WNR” shall mean Weyerhaeuser NR Company. 

“WRECO” shall mean Weyerhaeuser Real Estate Company, a Washington corporation. 

Section 1.02 Terms Generally. 

(a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the
other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 
 (b) The
definitions in Section 1.01 shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words
“include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to
Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require. For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Eurodollar Loan”).
Borrowings also may be classified and referred to by Type (e.g., a “Eurodollar Borrowing”). The words “hereof”, “herein” and “hereunder” and words of similar import, when used in this Agreement, shall
refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. 

(c) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

 Section 1.03 Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial
nature shall be construed in accordance with GAAP (provided that, notwithstanding anything to the contrary herein, all accounting or financial terms used herein shall be construed, and all financial computations pursuant hereto shall be made,
without giving effect to any election under Accounting Standards Codification Topic 825 (or any other Accounting Standards Codification Topic having a similar effect) to value any Indebtedness or other liabilities of the Borrower at “fair
value”, as defined therein), as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring
after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless
of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted 

  
 13 

 
on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance
herewith. 
 ARTICLE II. 

THE CREDITS 

Section 2.01 Commitments. Subject to the terms and conditions and relying upon the representations and warranties herein set
forth, each Lender agrees, severally and not jointly, to make Loans to the Borrower in a single funding on a Business Day selected by the Borrower (with at least three (3) Business Days’ prior written notice to the Administrative Agent)
during the period from and including the Closing Date to and including the Commitment Termination Date (the actual date of funding being the “Funding Date”), in an aggregate principal amount at any time outstanding not to exceed
such Lender’s Commitment at such time, subject, however, to the conditions that: 
 (a) on the Funding
Date, the outstanding aggregate principal amount of all Loans made by all Lenders at such time shall not exceed the Total Commitment; and 

(b) at all times the outstanding aggregate principal amount of all Loans made by each Lender shall equal the product of
(i) the Applicable Percentage of such Lender times (ii) the outstanding aggregate principal amount of all Loans made pursuant to Section 2.02. 

Each Lender’s Commitment is set forth opposite its name in Schedule 2.01, or in the case of each assignee that becomes a party hereto
pursuant to Section 9.04 or any subsequent assignments pursuant to Section 9.04, on the Register maintained by the Administrative Agent pursuant to Section 9.04(c). 

Once any Loans are borrowed and then paid or prepaid, they may not be reborrowed. 

Section 2.02 Loans. (a) Each Loan shall be made as part of a Borrowing on the Funding Date consisting of Loans made by the
Lenders ratably in accordance with their respective Commitments; provided, however, that the failure of any Lender to make its Loan shall not in and of itself relieve any other Lender of its obligation to lend hereunder (it being
understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). The Loans comprising any Borrowing shall be in an aggregate principal amount which is an
integral multiple of $1,000,000 and not less than $5,000,000 (or an aggregate principal amount equal to the remaining balance of the available Commitments). 

(b) Each Borrowing shall be comprised entirely of Eurodollar Loans, Base Rate Loans or Quoted Rate Loans, as the Borrower may
request pursuant to paragraph (d) or (e) hereof, as applicable. Each Lender may at its option make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any
exercise of such option shall not (i) affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement and (ii)

  
 14 

 
entitle such Lender to any amounts pursuant to Sections 2.11 or 2.12 to which amounts such Lender would not be entitled if such Lender had made such Loan itself through its domestic branch.
Borrowings of more than one Type may be outstanding at the same time; provided, however, that Borrower shall not be entitled to request any Borrowing which, if made, would result in an aggregate of more than five (5) separate
Loans from any Lender being outstanding hereunder at any one time. For the purposes of the foregoing, Loans (other than Loans which are Base Rate Loans, which shall be considered to be a single Loan) having different Interest Periods, regardless of
whether they commence on the same date, shall be considered separate Loans. 
 (c) Each Lender shall make each Loan to be
made by it hereunder on the Funding Date by wire transfer of immediately available funds to the Administrative Agent in New York, New York, not later than 11:00 a.m., New York City time, and the Administrative Agent shall by 12:00 noon, New York
City time, wire the amounts so received to a deposit account specified by the Borrower in the relevant Borrowing Request or, if a Borrowing shall not occur on such date because any condition precedent herein specified shall not have been met, return
the amounts so received to the respective Lenders. Unless the Administrative Agent shall have received notice from a Lender prior to the time of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with this paragraph (c) and the Administrative Agent may, in
reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to the extent that such Lender shall not have made such portion available to the Administrative Agent, such Lender and the Borrower severally
agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the
Administrative Agent at (i) in the case of the Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Lender, at a rate equal to the greater of (x) the Federal Funds Rate
and (y) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, for the period until such Lender makes such amount immediately available to the Administrative Agent. If such Lender
shall repay to the Administrative Agent such corresponding amount, such amount shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement. 

(d) The Borrower may, as set forth in this subsection (d) request that the Administrative Agent provide a Quoted Rate for
a proposed Quoted Rate Borrowing. When the Borrower wishes to make such a request, it shall give the Administrative Agent notice (a “Quoted Rate Request”) so as to be received no later than 11:00 a.m. (New York time) four
(4) Business Days prior to the proposed date of a Quoted Rate Borrowing. Each Quoted Rate Request shall be substantially in the form of Exhibit A-2 hereto and shall specify (i) the proposed date of the Quoted Rate Borrowing, (ii) the
aggregate amount of such Borrowing, and (iii) the duration of the Interest Period applicable thereto. If no Interest Period is specified in any such Quoted Rate Request, then the Borrower shall be deemed to have requested an Interest Period
having the 

  
 15 

 
minimum duration specified in the definition of Interest Period. Upon receipt of a Quoted Rate Request from the Borrower, the Administrative Agent shall (i) when available on the same
Business Day as such Quoted Rate Request is made by the Borrower, provide the Borrower with a non-binding indicative Quoted Rate and (ii) no later than 11:00 a.m. (New York City time) on the next Business Day after receipt of a Quoted Rate
Request (or such later date as the Borrower may specify in the Quoted Rate Request), notify the Borrower in writing of the proposed Quoted Rate (a “Quoted Rate Quote”) in substantially the form attached hereto as Exhibit A-3, in
each case for the Interest Period applicable to the requested Quoted Rate Borrowing, and in the case of the Quoted Rate Quote, the Administrative Agent shall provide copies to each Lender. The Borrower must decline or accept a proposed Quoted Rate
quoted by the Administrative Agent by notifying the Administrative Agent in writing (a “Quoted Rate Acceptance”) not later than 12:00 Noon (New York City time) on the same Business Day that it received the proposed Quoted Rate from
the Administrative Agent, and in the case of an acceptance, providing remittance instructions for the Quoted Rate Borrowing for which the Quoted Rate has been given; provided that if no written notification is received by such time, the Borrower
shall be deemed to have declined the proposed Quoted Rate. Each Quoted Rate Acceptance shall be substantially in the form of Exhibit A-4 hereto. An acceptance of a Quoted Rate by the Borrower shall be deemed to be a notice of borrowing for Quoted
Rate Borrowing (a “Notice of Quoted Rate Borrowing”) to be made on the proposed date, and in the amount, for the proposed Borrowing specified in the Quoted Rate Request in respect of which such Quoted Rate has been provided, with an
Interest Period of the duration specified in such Quoted Rate Request. If the Borrower accepts a proposed Quoted Rate for the requested Interest Period, then the Administrative Agent shall confirm with the Borrower in writing not later than 1:00
p.m. on the same Business Day that the Borrower accepts a proposed Quoted Rate the agreed upon Quoted Rate, with copies of such confirmation to each Lender. Once a proposed Quoted Rate has been accepted by the Borrower and confirmed as set forth
herein, the Quoted Rate for the applicable Interest Period in respect of the aggregate principal amount of the Quoted Rate Borrowing specified in the Quoted Rate Request for which the Quoted Rate has been provided will be locked in as of the
Business Day that such Quoted Rate is accepted by the Borrower and confirmed, and each Lender shall be obligated to make its ratable portion of the Quoted Rate Borrowing for which the Borrower has accepted the Quoted Rate. 

(e) In order to request a Borrowing other than a Quoted Rate Borrowing, the Borrower shall hand deliver or telecopy to the
Administrative Agent a Borrowing Request in the form of Exhibit A-1 (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before a proposed borrowing and (b) in the case of a Base
Rate Borrowing, not later than 12:00 noon, New York City time, on the Business Day prior to the day of a proposed borrowing. Such notice shall be irrevocable and shall in each case specify (i) whether the Borrowing then being requested is to be
a Eurodollar Borrowing or a Base Rate Borrowing; (ii) the date of such Borrowing (which shall be a Business Day) and the amount thereof; and (iii) if such Borrowing is to be a Eurodollar Borrowing, the Interest Period with respect thereto.
If no election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be a Base Rate Borrowing. If no Interest Period with respect to any 

  
 16 

 
Eurodollar Borrowing is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. The Administrative Agent shall promptly
advise the Lenders of any notice given pursuant to this Section 2.02(e) and of each Lender’s portion of the requested Borrowing. 

Section 2.03 Conversion and Continuation of Loans. (a) The Borrower shall have the right at any time, upon prior irrevocable
written notice to the Administrative Agent given in the manner and at the times specified in Section 2.02(e) with respect to the Type of Borrowing into which conversion or continuation is to be made, to convert any of its Borrowings, into a
Borrowing of a different Type, other than into a Quoted Rate Borrowing (which shall be governed by subsection (c) below), and to continue any of its Eurodollar Borrowings into a subsequent Interest Period of any permissible duration, subject to
the terms and conditions of this Agreement and to the following: 
 (i) each conversion or continuation shall be made pro
rata among the Lenders in accordance with the respective principal amounts of Loans comprising the converted or continued Borrowing; 

(ii) if less than all the outstanding principal amount of any Borrowing shall be converted or continued, the aggregate
principal amount of such Borrowing converted and/or continued shall in each case not be less than the minimum amount set forth in Section 2.02; 

(iii) if a Eurodollar Borrowing is converted at any time other than on the last day of the Interest Period applicable thereto,
the Borrower shall pay any amount due pursuant to Section 2.13; 
 (iv) if such Borrowing is to be converted into a
Eurodollar Borrowing or if a Eurodollar Borrowing is to be continued, no Interest Period selected shall extend beyond the Maturity Date; 

(v) a Quoted Rate Borrowing may only be converted on the last day of the Interest Period applicable thereto; and 

(vi) interest accrued to the day immediately preceding each date of conversion or continuation shall be payable on each
Borrowing (or part thereof) that is converted or continued concurrently with such conversion or continuation. 
 (b) Each
notice given pursuant to Section 2.03(a) shall be irrevocable and shall refer to this Agreement and specify (i) the identity and the amount of the Borrowing that the Borrower requests to be converted or continued; (ii) whether such
Borrowing (or any part thereof) is to be converted or continued as a Base Rate Borrowing or a Eurodollar Borrowing; (iii) if such notice requests a conversion, the date of such conversion (which shall be a Business Day); and (iv) if such
Borrowing (or any part thereof) is to be converted into or continued as a Eurodollar Borrowing, the Interest Period with respect thereto. If no Interest Period is specified in any such notice with respect to any conversion to or continuation as a
Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration, in 

  
 17 

 
the case of a Eurodollar Borrowing. The Administrative Agent shall advise the Lenders of any notice given pursuant to Section 2.03(a) and of each Lender’s portion of any converted or
continued Borrowing. 
 (c) If the Borrower wishes to convert or continue Borrowings as a Quoted Rate Borrowing, the Borrower
shall give the Administrative Agent notice (a “Quoted Rate Conversion Request”) so as to be received no later than 11:00 a.m. (New York time) four (4) Business Days prior to the date of the proposed conversion or continuation
which shall specify (i) the proposed date of such conversion or continuation, (ii) the Borrowings to be converted or continued, and (iii) the duration of the initial Interest Period for each such Quoted Rate Borrowing. Upon receipt of
a Quoted Rate Conversion Request from the Borrower, the Administrative Agent shall (i) when available on the same Business Day as such Quoted Rate Conversion Request is made, provide the Borrower with a non-binding indicative Quoted Rate and
(ii) no later than 11:00 a.m. (New York City time) on the next Business Day after receipt of a Quoted Rate Conversion Request (or such later date as the Borrower may specify in the Quoted Rate Conversion Request), notify the Borrower of the
proposed Quoted Rate, in each case for the Interest Period applicable to the requested conversion or continuation as a Quoted Rate Borrowing, and provide copies of such notice to each Lender. The Borrower must decline or accept a proposed Quoted
Rate quoted by the Administrative Agent by notifying the Administrative Agent in writing not later than 12:00 Noon (New York City time) on the same Business Day that it received the proposed Quoted Rate from the Administrative Agent; provided that
if no written notification is received by such time, the Borrower shall be deemed to have declined the proposed Quoted Rate. An acceptance of a Quoted Rate by the Borrower shall be deemed to be a notice of conversion or continuation of the Borrowing
specified in the Quoted Rate Conversion Request as a Quoted Rate Borrowing, on the date and for an initial Interest Period, in each case, as specified in the Quoted Rate Conversion Request. If the Borrower accepts a proposed Quoted Rate for the
requested Interest Period, then the Administrative Agent shall confirm with the Borrower in writing not later than 1:00 p.m. on the same Business Day that the Borrower accepted a proposed Quoted Rate the agreed upon Quoted Rate, with copies of such
confirmation to each Lender. Once a proposed Quoted Rate has been accepted by the Borrower and confirmed as set forth herein, the Quoted Rate for the applicable Interest Period in respect of the Borrowing to be converted or continued as a Quoted
Rate Borrowing as specified in the Quoted Rate Conversion Request will be locked in as of the Business Day that such Quoted Rate is accepted by the Borrower and confirmed. 

(d) If the Borrower shall not have given notice in accordance with this Section 2.03 to continue any Eurodollar Borrowing
or Quoted Rate Borrowing into a subsequent Interest Period (and shall not otherwise have given notice in accordance with this Section 2.03 to convert such Eurodollar Borrowing or Quoted Rate Borrowing), such Borrowing shall automatically be
converted into a Base Rate Borrowing. In the event of the occurrence and continuation of a Default or an Event of Default (i) all Eurodollar Borrowings of the Borrower shall be converted into Base Rate Borrowings on the last day of the Interest
Period then in effect, and (ii) no Base Rate Borrowing may be converted into a Borrowing of another Type so long as a Default or Event of Default continues to exist. 

  
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 Section 2.04 Fees. (a) Weyerhaeuser agrees to pay to the Administrative Agent,
for its own account, the administration fees (the “Administrative Agent Fees”) at the times and in the amounts agreed upon in that certain Fee Letter dated as of July 23, 2013 among Weyerhaeuser and the Administrative Agent.

 (b) All other Fees shall be paid on the dates due, in immediately available funds, to the Lead Arrangers to which they are
due or to the Administrative Agent for prompt distribution, if and as appropriate, among the Lenders. Once paid, none of the Fees shall be refundable under any circumstances. 

Section 2.05 Repayment of Loans; Evidence of Debt. (a) The outstanding principal balance of each Loan shall be payable on the
Maturity Date. Each Loan shall bear interest from the date thereof on the outstanding principal balance thereof as set forth in Section 2.06. 

(b) Each Lender shall, and is hereby authorized by the Borrower to, maintain in accordance with its usual practice an account
or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder,
the Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by
the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (d) The entries
made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender
or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay its Loans in accordance with the terms of this Agreement. 

(e) Any Lender may request that the Loans made by it be evidenced by a promissory note, substantially in the form of Exhibit E
attached hereto. In such event, the Borrower shall promptly, and in no event more than 10 Business Days after a request therefor, prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender,
to such Lender and its registered assigns). Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in
such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns). 

Section 2.06 Interest on Loans. (a) Subject to the provisions of Section 2.07, (i) the Loans comprising a
Eurodollar Borrowing or Quoted Rate Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per 

  
 19 

 
annum equal to the Eurodollar Rate or Quoted Rate for the Interest Period in effect for such Borrowing, as applicable, plus, in the case of a Eurodollar Borrowing, the Applicable Margin,
determined pursuant to paragraph (c) below and (ii) the Loans comprising each Base Rate Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of (x) with respect to a Base Rate Borrowing
based on the Prime Rate, 365 or 366 days, as the case may be, and (y) otherwise, 360 days) at a rate per annum equal to the Base Rate plus the Applicable Margin. 

(b) Interest on each Eurodollar Loan or Quoted Rate Loan shall, except as otherwise provided in this Agreement, be payable on
the last day of the Interest Period applicable thereto and, in case of a Eurodollar Loan or Quoted Rate Loan with an Interest Period of more than three months’ duration, each day that would have been an interest payment date for such Loan had
successive Interest Periods of three months’ duration been applicable to such Loan, and on the Maturity Date or any earlier date on which this Agreement is, pursuant to its terms and conditions, terminated. Interest on each Base Rate Loan shall
be payable quarterly in arrears on the last Business Day of each March, June, September and December, except as otherwise provided in this Agreement and on the Maturity Date or any earlier date on which this Agreement is, pursuant to its terms and
conditions, terminated. The applicable Eurodollar Rate, Base Rate or Quoted Rate for each Interest Period or day within an Interest Period, as the case may be, shall be determined by the Administrative Agent, and such determination shall be
conclusive absent manifest error. Interest shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period. 

(c) As used herein, “Applicable Margin” shall mean the applicable percentage per annum specified in the table
below, to be determined based upon the Ratings received by Weyerhaeuser from S&P and Moody’s. The applicable percentage referred to in the immediately preceding sentence shall be determined based upon the Ratings, as follows: 

 

											
	 	  	Level 1	 	Level 2	 	Level 3	 	Level 4	 	Level 5
	 S&P:
	  	BBB+	 	BBB	 	BBB-	 	BB+	 	BB
	 Moody’s:
	  	Baa1 or better	 	Baa2	 	Baa3	 	Ba1	 	Ba2 or lower
	 Eurodollar Loan:
	  	1.50%	 	1.625%	 	1.750%	 	2.00%	 	2.50%
	 Base Rate Loan:
	  	0.50%	 	0.625%	 	0.750%	 	1.00%	 	1.50%

 The Applicable Margin shall change effective as of the date on which the applicable rating agency announces
any change in its Ratings. In the event either S&P or Moody’s shall withdraw or suspend its Ratings, the remaining Rating announced by either S&P or Moody’s, as the case may be, shall apply. In the event neither agency shall
provide a Rating, the Applicable Margin shall be based on the lowest rating provided above. If the Ratings by S&P and Moody’s are split so that two consecutive Levels (as defined in the table above) apply, the higher of those

  
 20 

 
Ratings shall determine the Applicable Margin. If the Ratings by S&P and Moody’s are split so that the applicable Levels in the table above are separated by only one intermediate Level,
then such intermediate Level shall determine the Applicable Margin. If the Ratings by S&P and Moody’s are split so that the applicable Levels in the table above are separated by two or more intermediate Levels, then the intermediate Level
representing one Level lower than the higher Rating shall determine the Applicable Margin. The Applicable Margin shall be calculated by the Administrative Agent, which calculation absent manifest error shall be final and binding on all parties. 

Section 2.07 Default Interest. If the Borrower shall default in the payment of the principal of or interest on any of its Loans or
any other amount (including Fees) becoming due hereunder, whether by scheduled maturity, notice of prepayment, acceleration or otherwise, the Borrower shall on demand from time to time by the Administrative Agent pay interest, to the extent
permitted by law, on such defaulted amount (including accrued and unpaid interest) up to (but not including) the date of actual payment (after as well as before judgment) at a rate per annum equal to (x) in the case of the Loans, the rate that
would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (y) in the case of any other amount (including Fees), the rate applicable to Base Rate Loans plus 2%, in each case, with respect to clauses
(x) and (y) above, from the date of such non-payment until such amount is paid in full (after as well as before judgment). 

Section 2.08 Alternate Rate of Interest. In the event, and on each occasion, that on the day two Business Days prior to the
commencement of any Interest Period for a Eurodollar Borrowing the Administrative Agent shall have determined in good faith that dollar deposits in the principal amounts of the Eurodollar Loans comprising such Borrowing are not generally available
in the London interbank market, or that the rates at which such dollar deposits are being offered will not adequately and fairly reflect the cost to the Required Lenders of making or maintaining their Eurodollar Loans during such Interest Period, or
that reasonable means do not exist for ascertaining the Eurodollar Rate, the Administrative Agent shall, as soon as practicable thereafter, give written notice of such determination to the Borrower and the Lenders. In the event of any such
determination, until the Administrative Agent shall have advised the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any request by the Borrower for a Eurodollar Borrowing pursuant to
Section 2.02 shall be deemed to be a request for a Base Rate Borrowing and (ii) any request by the Borrower for a conversion to, or a continuation of, a Eurodollar Borrowing pursuant to Section 2.03 shall be deemed to be a request
for, respectively, a continuation as, or a conversion to, a Base Rate Borrowing. Each determination by the Administrative Agent hereunder shall be conclusive absent manifest error. 

Section 2.09 Termination and Reduction of Commitments. (a) The unused Commitments of each Lender shall be automatically
terminated on the Commitment Termination Date. 
 (b) Subject to Section 2.10(b), upon at least three Business
Days’ prior irrevocable written notice to the Administrative Agent, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Total Commitment; provided, however, that
(i) each partial reduction shall be in an integral multiple of $1,000,000 and in a minimum principal amount of $5,000,000 and (ii) any 

  
 21 

 
such notice that is a notice of termination in whole of the Total Commitment may be revoked if such notice specifies that it is conditioned upon the occurrence of one or more events specified
therein and the Borrower notifies the Administrative Agent of such revocation on or prior to the effective date of the termination. 

(c) Subject to Section 2.18, each reduction in the Total Commitment hereunder shall be made ratably among the Lenders in
accordance with their respective Commitments. 
 Section 2.10 Prepayment. (a) Voluntary Prepayments. The Borrower
shall have the right at any time and from time to time to prepay any of its respective Borrowings, in whole or in part, upon giving written notice (or telephone notice promptly confirmed by written notice) to the Administrative Agent:
(i) before 12:00 noon, New York City time, three Business Days prior to prepayment, in the case of Eurodollar Loans or Quoted Rate Loans and (ii) before 12:00 noon, New York City time, one Business Day prior to prepayment, in the case of
Base Rate Loans; provided, however, that each partial prepayment shall be in an amount which is an integral multiple of $1,000,000 and not less than $5,000,000. 

(b) Each notice of prepayment under paragraph (a) above shall specify the prepayment date and the principal amount of each
Borrowing (or portion thereof) to be prepaid, shall be irrevocable and shall commit the Borrower to prepay such Borrowing (or portion thereof) by the amount stated therein on the date stated therein; provided that a notice of prepayment may be
revoked if such notice specifies that it is conditioned upon the occurrence of one or more events specified therein and the Borrower notifies the Administrative Agent of such revocation on or prior to the prepayment date; provided further that if
such notice of prepayment is revoked the Borrower shall reimburse the Lenders for any breakage costs incurred in connection therewith. All prepayments under this Section 2.10 shall be subject to Section 2.13 but otherwise without premium
or penalty. All prepayments under this Section 2.10 shall be accompanied by accrued interest on the principal amount being prepaid to the date of payment. 

Section 2.11 Reserve Requirements; Change in Circumstances. (a) It is understood that the cost to each Lender (including the
Administrative Agent) of making or maintaining any of the Eurodollar Loans, Base Rate Loans (to the extent that the rate is determined pursuant to clause (iii) of the definition thereof) may fluctuate as a result of the applicability of reserve
requirements imposed by the Board at the ratios provided for in Regulation D. The Borrower agrees to pay to each of such Lenders from time to time, as provided in paragraph (b) below, such amounts as shall be necessary to compensate such Lender
for the portion of the cost of making or maintaining Eurodollar Loans and Base Rate Loans to the Borrower resulting from any such reserve requirements provided for in Regulation D as in effect on the date thereof, it being understood that the rates
of interest applicable to Eurodollar Loans have been determined on the assumption that no such reserve requirements exist or will exist and that such rates do not reflect costs imposed on the Lenders in connection with such reserve requirements. It
is agreed that for purposes of this paragraph (a) the Eurodollar Loans made hereunder shall be deemed to constitute Eurocurrency Liabilities as defined in Regulation D and to be subject to the reserve requirements of Regulation D without the
benefit of or credit for proration, exemptions or offsets which might otherwise be available to the Lenders from time to time under Regulation D. 

  
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 (b) Notwithstanding any other provision herein, if after the date of this
Agreement any change in applicable law or regulation or in the interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof (whether or not having the force of law) shall
(x) subject any Lender (including the Administrative Agent) to any tax of any kind whatsoever with respect to this Agreement or any Eurodollar Loan made by it, or change the basis of taxation of payments to such Lender (including the
Administrative Agent) in respect thereof (other than (A) taxes imposed on or with respect to any payment made by the Borrower under any Loan Document, including Taxes covered by Section 2.17, and (B) Other Connection Taxes on gross or
net income, profits or revenue (including value-added or similar taxes)), or (y) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of or credit extended by
such Lender, or shall impose on such Lender or the London interbank market any other condition affecting this Agreement or any Eurodollar Loan made by such Lender hereunder, and the result of any of the foregoing in clause (x) or (y) shall
be to increase the cost to such Lender or the Administrative Agent of making or maintaining any Eurodollar Loan or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or otherwise) in
respect thereof by an amount deemed by such Lender to be material, then the Borrower will pay to such Lender upon demand such additional amount or amounts as will compensate such Lender for such additional costs actually incurred or reduction
actually suffered. 
 (c) If after the date hereof any Lender (including the Administrative Agent) shall have determined that
the adoption after the date hereof of any other generally applicable law, rule, regulation or guideline regarding capital adequacy or liquidity, or any change in any of the foregoing or in the interpretation, applicability or administration of any
of the foregoing by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender (or any lending office of such Lender) or any Lender’s holding company with
any request or directive regarding capital adequacy or liquidity (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on such Lender’s
capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Loans made by such Lender pursuant hereto to a level below that which such Lender or such Lender’s holding company could have
achieved but for such adoption, change or compliance (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy or liquidity) by an amount deemed by such Lender to
be material, then from time to time, the Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

(d) Notwithstanding anything herein to the contrary, (i) all requests, rules, guidelines, requirements and directives
concerning capital adequacy or liquidity promulgated by the Bank for International Settlements, the Basel Committee on Banking 

  
 23 

 
Supervision (or any successor or similar authority) or by United States or foreign regulatory authorities, in each case pursuant to Basel III, and (ii) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder or issued in connection therewith or in implementation thereof, shall in each case be deemed to be a change in law, regardless of the date enacted,
adopted, issued or implemented. 
 (e) A certificate of a Lender (including the Administrative Agent) setting forth a
reasonably detailed explanation of such amount or amounts as shall be necessary to compensate such Lender (or participating banks or other entities pursuant to Section 9.04) as specified in paragraph (a), (b) or (c) above, as the case
may be, shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay each Lender the amount shown as due on any such certificate delivered by it within 10 days after the receipt of the same. 

(f) Failure on the part of any Lender to demand compensation for any increased costs or reduction in amounts received or
receivable or reduction in return on capital with respect to any period shall not constitute a waiver of such Lender’s right to demand compensation with respect to such period or any other period; provided that the Borrower shall not be
required to compensate a Lender pursuant to this Section 2.11 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender notifies the Borrower of such increased costs or reductions in accordance with
paragraph (e) above and of such Lender’s intention to claim compensation thereof; provided further that, if the circumstances giving rise to such increased costs or reductions is retroactive, then the 180-day period referred
to above shall be extended to include the period of retroactive effect thereof. 
 (g) Notwithstanding any other provision of
this Section 2.11, no Lender shall demand compensation for any increased costs or reduction referred to above if it shall not be the general policy or practice of such Lender to demand such compensation in similar circumstances under comparable
provisions of other credit agreements, if any (it being understood that this sentence shall not in any way limit the discretion of any Lender to waive the right to demand such compensation in any given case). 

Section 2.12 Change in Legality. (a) Notwithstanding any other provision herein contained, if any change in any law or
regulation or in the interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Lender (including the Administrative Agent) to make or maintain any Eurodollar Loan or
to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the Borrower and to the Administrative Agent, such Lender may: 

(i) declare that Eurodollar Loans will not thereafter be made by such Lender hereunder and any request by the Borrower for a
Eurodollar Borrowing or a conversion to or continuation of a Eurodollar Borrowing shall, as to such Lender only, be deemed a request for a Base Rate Loan unless such declaration shall be subsequently withdrawn; and 

  
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 (ii) require that all outstanding Eurodollar Loans made by it be converted into
Base Rate Loans, in which event all such Eurodollar Loans shall be automatically converted into Base Rate Loans as of the effective date of such notice as provided in paragraph (b) below. 

In the event any Lender shall exercise its rights under (i) or (ii) above, all payments and prepayments of principal which would otherwise have been
applied to repay the Eurodollar Loans that would have been made by such Lender or the converted Eurodollar Loans of such Lender shall instead be applied to repay the Base Rate Loans made by such Lender in lieu of, or resulting from the conversion
of, such Eurodollar Loans. 
 (b) For purposes of this Section 2.12, a notice to the Borrower by any Lender shall be
effective as to each Eurodollar Loan, if lawful, on the last day of the Interest Period currently applicable to such Eurodollar Loan; in all other cases such notice shall be effective on the date of receipt by the Borrower. 

Section 2.13 Indemnity. The Borrower shall indemnify each Lender against any loss or expense which such Lender sustains or incurs
as a consequence of (a) any failure by the Borrower to fulfill on the date of any borrowing hereunder the applicable conditions set forth in Article IV, (b) any failure by the Borrower to borrow or continue any Loan hereunder after
irrevocable notice of such borrowing, continuation or issuance has been given pursuant to Section 2.02, 2.03 or 2.19, as applicable, (c) any payment, prepayment or conversion of a Eurodollar Loan required by any other provision of this
Agreement or otherwise made or deemed made to or by the Borrower on a date other than the last day of the Interest Period applicable thereto; provided that the Borrower shall not be required to indemnify a Lender pursuant to this clause
(c) for any loss or expense to the extent any such loss or expense shall have been incurred pursuant to (i) Section 2.12 or (ii) Section 2.10(a) more than six months prior to the date that the applicable Lender shall have
notified the Borrower of its intention to claim compensation therefor, (d) any default in payment or prepayment of the principal amount of any Loan to the Borrower or any part thereof or interest accrued thereon, as and when due and payable (at
the due date thereof, whether by scheduled maturity, acceleration, irrevocable notice of prepayment or otherwise) or (e) the occurrence of any Event of Default including, in each such case, any loss or reasonable expense sustained or incurred
or to be sustained or incurred in liquidating or employing deposits from third parties acquired to effect or maintain such Loan or any part thereof as a Eurodollar Loan. Such loss or reasonable expense shall include an amount equal to the excess, if
any, as reasonably determined by such Lender, of (i) its cost of obtaining the funds for the Loan being paid, prepaid, converted or not borrowed (based, in the case of a Eurodollar Loan, on the Eurodollar Rate) for the period from the date of
such payment, prepayment or conversion or failure to borrow to the last day of the Interest Period for such Loan (or, in the case of a failure to borrow, the Interest Period for such Loan which would have commenced on the date of such failure) over
(ii) the amount of interest (as reasonably determined by such Lender) that would be realized by such Lender in reemploying the funds so paid, prepaid or converted or not borrowed for such period or Interest Period, as the case may be. A
certificate of any Lender setting forth a reasonably detailed explanation of any amount or amounts which such Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error.

  
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 Section 2.14 Pro Rata Treatment. Except as provided in Sections 2.18(b) and 2.19,
(a) each Borrowing, each reduction of the Commitments and each conversion of any Borrowing to a Borrowing of any Type, shall be allocated pro rata among the Lenders in accordance with their respective Commitments (or, if such Commitments shall
have expired or been terminated, in accordance with the respective principal amounts of their outstanding Loans), (b) each payment or prepayment of principal of any Borrowing shall be allocated pro rata among the Lenders in accordance with the
outstanding principal amount of their Loans included in such Borrowing and (c) each payment of interest on the Loans shall be allocated pro rata among the Lenders of any class to which such amounts are owed in accordance with the principal
amounts of the outstanding Loans of such class. Each Lender agrees that in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round each Lender’s percentage of such
Borrowing to the next higher or lower whole dollar amount. 
 Section 2.15 Sharing of Setoffs. Each Lender agrees that if it
shall, through the exercise of a right of banker’s lien, setoff or counterclaim against the Borrower, or pursuant to a secured claim under Section 506 of Title 11 of the United States Code or other security or interest arising from, or in
lieu of, such secured claim, received by such Lender under any applicable bankruptcy, insolvency or other similar law or otherwise, or by any other means, obtain payment (voluntary or involuntary) in respect of any Loans (other than pursuant to
Sections 2.09, 2.11, 2.12 and 2.18(b) and other than payments made by the Borrower pursuant to and in accordance with the express terms of this Agreement or received by a Lender for the assignment of any of its Loans in accordance with this
Agreement other than an assignment to the Borrower or its Affiliates as to which this provision applies) as a result of which the unpaid principal portion of its Loans shall be proportionately less than the unpaid principal portion of the Loans of
any other Lender, it shall be deemed simultaneously to have purchased from such other Lender at face value, and shall promptly pay to such other Lender the purchase price for, a participation in the Loans of such other Lender, so that the aggregate
unpaid principal amount of the Loans and participations in the Loans held by each Lender shall be in the same proportion to the aggregate unpaid principal amount of all Loans then outstanding as the principal amount of its Loans prior to such
exercise of banker’s lien, setoff or counterclaim or other event was to the principal amount of all Loans outstanding prior to such exercise of banker’s lien, setoff or counterclaim or other event; provided, however, that, if
any such purchase or purchases or adjustments shall be made pursuant to this Section 2.15 and the payment giving rise thereto shall thereafter be recovered, such purchase or purchases or adjustments shall be rescinded to the extent of such
recovery and the purchase price or prices or adjustment restored without interest. The Borrower expressly consents to the foregoing arrangements and agrees that any Lender holding a participation in a Loan deemed to have been so purchased may
exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the Borrower to such Lender by reason thereof as fully as if such Lender had made a Loan directly to the Borrower in the amount of
such participation. 
 Section 2.16 Payments. (a) The Borrower shall make each payment (including principal of or interest
on any Borrowing or any Fees) hereunder and under any other Loan Document without setoff, counterclaim or deduction of any kind not later than 12:00 (noon), New York City time, on the date when due in dollars to the Administrative Agent at its
offices at 5500 South Quebec Street, Greenwood Village, Colorado 80111, in immediately available funds. 

  
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 (b) Whenever any payment (including principal of or interest on any Borrowing or
any Fees) hereunder or under any other Loan Document shall become due, or otherwise would occur, on a day that is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be
included in the computation of interest or Fees, if applicable. 
 Section 2.17 Taxes. (a) Any and all payments made by or
on behalf of the Borrower under this Agreement or any other Loan Document shall be made, in accordance with Section 2.16, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or
withholdings, and all liabilities with respect thereto, excluding any income, franchise, branch profits or similar tax imposed on or measured by the net income or net profits of the Administrative Agent or any Lender (or any transferee or assignee
that acquires a Loan (any such entity a “Transferee”)) by the United States or any jurisdiction under the laws of which it is organized or doing business or any political subdivision thereof (all such non-excluded taxes, levies,
imposts, deductions, charges, withholdings and liabilities being hereinafter referred to as “Taxes”). If any Withholding Agent shall be required by law to deduct any Taxes or Other Taxes (as defined below) from or in respect of any
sum payable hereunder to the Lenders (or any Transferee) or the Administrative Agent, as determined in good faith by the applicable Withholding Agent, (i) the sum payable by the Borrower shall be increased by the amount necessary so that after
making all required deductions (including deductions applicable to additional sums payable under this Section 2.17) such Lender (or Transferee) or the Administrative Agent (as the case may be) shall receive an amount equal to the sum it would
have received had no such deductions been made, (ii) the applicable Withholding Agent shall make such deductions and (iii) the applicable Withholding Agent shall pay the full amount deducted to the relevant taxing authority or other
Governmental Authority in accordance with applicable law. For purposes hereof, Taxes shall not include taxes imposed under FATCA. 

(b) In addition, the Borrower agrees to pay any present or future stamp or documentary taxes or any other excise or property
taxes, charges or similar levies which arise from any payment made by the Borrower hereunder or under any other Loan Document or from the execution, delivery or registration of or performance under this Agreement or any other Loan Document, or
otherwise with respect to the Borrower’s role in this Agreement or any other Loan Document, including any interest, additions to tax or penalties applicable thereto (hereinafter referred to as “Other Taxes”). 

(c) The Borrower will indemnify each Lender (or Transferee) and the Administrative Agent for the full amount of Taxes and Other
Taxes (including any Taxes or Other Taxes imposed by any jurisdiction on amounts payable by the Borrower under this Section 2.17) paid by such Lender (or Transferee) or the Administrative Agent, as the case may be, and any liability (including
penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted by the relevant taxing authority or other Governmental Authority. Such indemnification shall be
made within 30 days after the date any Lender 

  
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(or Transferee) or the Administrative Agent, as the case may be, makes written demand therefor. If any Lender (or Transferee) or the Administrative Agent becomes entitled to a refund of Taxes or
Other Taxes for which such Lender (or Transferee) or the Administrative Agent has received payment from the Borrower hereunder, such Lender (or Transferee) or Administrative Agent, as the case may be, shall, at the expense of the Borrower, use its
reasonable efforts (consistent with internal policy, and legal and regulatory restrictions) to obtain such refund. If a Lender (or Transferee) or the Administrative Agent receives a refund or is entitled to claim a tax credit in respect of any Taxes
or Other Taxes for which such Lender (or Transferee) or the Administrative Agent has received payment from the Borrower hereunder it shall promptly notify the Borrower of such refund or credit and shall, within 30 days after receipt of a request by
the Borrower (or promptly upon receipt, if the Borrower has requested application for such refund or credit pursuant hereto), repay such refund or amount of credit to the Borrower, net of all out-of-pocket expenses of such Lender (or Transferee) or
the Administrative Agent, as applicable, and without interest; provided that the Borrower, upon the request of such Lender (or Transferee) or the Administrative Agent, agrees to return such refund or amount of credit (plus penalties, interest
or other charges) to such Lender (or Transferee) or the Administrative Agent in the event such Lender (or Transferee) or the Administrative Agent is required to repay such refund or such credit is denied or subsequently determined to be unavailable.

 (d) Each Lender (or Transferee) shall indemnify the Administrative Agent and the Borrower for the full amount of any
taxes, levies, imposts, duties, charges, fees, deductions, withholdings or similar charges imposed by any Governmental Authority (except, in the case of the Borrower, Taxes or Other Taxes) that are attributable to such Lender (or Transferee), as
applicable, and that are payable or paid by the Administrative Agent or the Borrower, together with all interest, penalties, reasonable costs and expenses arising therefrom or with respect thereto, as determined by the Administrative Agent or the
Borrower in good faith. A certificate as to the amount of such payment or liability delivered to any Lender (or Transferee) by the Administrative Agent or the Borrower shall be conclusive absent manifest error. 

(e) Within 30 days after the date of any payment of Taxes or Other Taxes withheld by the Borrower in respect of any payment to
any Lender (or Transferee) or the Administrative Agent, the Borrower will furnish to the Administrative Agent, at its address referred to in Section 9.01, the original or a certified copy of a receipt evidencing payment thereof to the proper
Governmental Authority. 
 (f) Without prejudice to the survival of any other agreement contained herein, the agreements and
obligations contained in this Section 2.17 shall survive the payment in full of the principal of and interest on all Loans made hereunder. 

(g) Each Lender (or Transferee) shall, on or prior to the date of its execution and delivery of this Agreement or, in the case
of a Transferee, on the date on which it becomes a Lender and in the case of any Lender, on or prior to the date such Lender changes its funding office, and from time to time thereafter as requested in writing by the Borrower or the Administrative
Agent, deliver to the Borrower and the Administrative Agent such certificates, documents or other evidence, as required by the Code or Treasury Regulations issued pursuant thereto, including (x) Internal Revenue Service Form W-9 if such Lender
(or Transferee) is a “United States Person” as defined in Section 7701(a)(30) of the Code, or (y) if such Lender (or Transferee) is a not a 

  
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“United States Person” as defined in Section 7701(a)(30) of the Code, Internal Revenue Service Form W-8BEN, Form W-8ECI or Form W-8IMY (together with any applicable underlying
Internal Revenue Service Forms) and any other certificate or statement of exemption required by Treasury Regulation Section 1.1441-4(a) or 1.1441-6(c) or any subsequent version thereof, properly completed and duly executed by such Lender (or
Transferee) establishing that any payment under the Loan Documents is (i) not subject to withholding under the Code because such payment is effectively connected with the conduct by such Lender (or Transferee) of a trade or business in the
United States, or (ii) fully or partially exempt from United States tax under a provision of an applicable tax treaty, or (iii) not subject to withholding under the portfolio interest exception under Section 871(h) or
Section 881(c) of the Code (and, if such Lender (or Transferee) delivers a Form W-8BEN claiming the benefits of exemption from United States withholding tax under Section 871(h) or Section 881(c), a certificate representing that such
Lender (or Transferee) is not a “bank” for purposes of Section 881(c) of the Code, is not a 10-percent shareholder (within the meaning of Section 871(h)(3)(B) of the Code) of the Borrower and is not a controlled foreign
corporation related to the Borrower (within the meaning of Section 864(d)(4) of the Code). In addition, each Lender (or Transferee) shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such
Lender (or Transferee). Each Lender (or Transferee) shall promptly notify the Borrower and the Administrative Agent at any time it determines that it is no longer in a position to provide any previously delivered certificate to the Borrower (or any
other form of certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other provision of this Section, a Lender (or Transferee) shall not be required to deliver any form pursuant to this Section that such Lender
(or Transferee) is not legally able to deliver. Unless the Borrower and the Administrative Agent have received forms or other documents reasonably satisfactory to them indicating that payments hereunder are not subject to United States withholding
tax or are subject to such tax at a rate reduced by an applicable tax treaty, the Borrower or the Administrative Agent shall withhold taxes from such payments at the applicable statutory rate in the case of payments to or for any Lender (or
Transferee) organized under the laws of a jurisdiction outside the United States. If a Lender (or Transferee) is unable to deliver one of these forms or if the forms provided by a Lender (or Transferee), at the time such Lender (or Transferee) first
becomes a party to this Agreement or at the time a Lender (or Transferee) changes its funding office (other than at the request of the Borrower) indicate a United States withholding tax rate in excess of zero, United States withholding tax at such
rate shall be considered excluded from Taxes unless and until such Lender (or Transferee) provides the appropriate forms certifying that a lesser rate applies, whereupon United States withholding tax at such lesser rate only shall be considered
excluded from Taxes for periods governed by such appropriate forms; provided, however, that if at the effective date of a transfer pursuant to which a Lender (or Transferee) becomes a party to this Agreement, the Lender’s (or
Transferee’s) assignor was entitled to payments under Section 2.17(a) in respect of United States withholding taxes at such date, then, to such extent, the term Taxes shall include (in addition to withholding taxes that may be imposed in
the future or other amounts otherwise includable in Taxes) such United States withholding taxes, if any, applicable with respect to such assignee on such date. 

  
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 (h) The Borrower shall not be required to pay any additional amounts to any
Lender (or Transferee) in respect of United States withholding tax pursuant to this Section 2.17 for any period in respect of which the obligation to pay such additional amounts would not have arisen but for a failure by such Lender (or
Transferee) to comply with the provisions of paragraph (g) above unless such failure results from (i) a change in applicable law, regulation or official interpretation thereof or (ii) an amendment, modification or revocation of any
applicable tax treaty or a change in official position regarding the application or interpretation thereof, in each case after the Closing Date (or, if later, after the date on which such Lender becomes a party to this Agreement or designates a new
lending office) (and, in the case of a Transferee, after the date of assignment or transfer). 
 (i) Any Lender (or
Transferee) claiming any additional amounts payable pursuant to this Section 2.17 shall use reasonable efforts (consistent with internal policy, and legal and regulatory restrictions) to file any certificate or document requested by the
Borrower or to change the jurisdiction of its applicable lending office if the making of such a filing or change would avoid the need for or reduce the amount of any such additional amounts which may thereafter accrue and would not, in the
reasonable determination of such Lender (or Transferee) be materially disadvantageous to such Lender (or Transferee) or require the disclosure of information that such Lender (or Transferee) reasonably considers to be confidential. 

(j) If a payment made to a Lender (or Transferee) under any Loan Document would be subject to U.S. Federal withholding tax
imposed by FATCA if such Lender (or Transferee) were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender (or Transferee) (as the
case may be) shall deliver to the Withholding Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Withholding Agent, such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Withholding Agent as may be necessary for the Withholding Agent to comply with its obligations under FATCA, to determine that such Lender (or
Transferee) (as the case may be) has or has not complied with such Lender’s obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 2.17(j),
“FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 Section 2.18 Mitigation
Obligations; Replacement of Lenders. (a) If any Lender (including the Administrative Agent) requests compensation under Section 2.11, or if it becomes unlawful for any Lender (including the Administrative Agent) to make or maintain
Eurodollar Loans under Section 2.12, or if the Borrower is required to pay any additional amount to any Lender, the Administrative Agent or any Governmental Authority for the account of any Lender or the Administrative Agent pursuant to
Section 2.17, then such Lender or the Administrative Agent shall, at the request of the Borrower, use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations
hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender or 

  
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Administrative Agent, as the case may be, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.11 or 2.17 or no longer make it unlawful for
such Lender or the Administrative Agent to make or maintain Eurodollar Loans under Section 2.12, as the case may be, in the future and (ii) would not subject such Lender or the Administrative Agent, as the case may be, to any unreimbursed
cost or expense and would not otherwise be disadvantageous to such Lender or the Administrative Agent. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender or the Administrative Agent in connection with any such
designation or assignment. 
 (b) If any Lender requests compensation under Section 2.11, or if it becomes unlawful for
any Lender to make or maintain Eurodollar Loans under Section 2.12, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, or if any
Lender becomes a Defaulting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, (i) require such Lender to assign and delegate, without recourse (in accordance with and subject
to the restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
provided that (x) the Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (y) such assigning Lender shall have received payment of an amount equal to
the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case
of all other amounts) and (z) in the case of any such assignment resulting from a claim for compensation under Section 2.11 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such
compensation or payments or (ii) terminate the Commitment of such Lender upon notice given to such Lender within 45 days of receipt of the notice given by the Lender; provided that such notice shall be accompanied by prepayment in full
of all Loans from such Lender, including accrued interest thereon and any breakage costs, accrued fees and all other amounts payable to such Lender, without extension, conversion or continuation. A Lender shall not be required to make any such
assignment and delegation under clause (i) above or terminate its Commitment under clause (ii) above if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such
assignment and delegation or termination of Commitment cease to apply. 
 Section 2.19 Defaulting Lenders. 

Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then for so long as such Lender is
a Defaulting Lender the Commitment and Credit Exposure of such Defaulting Lender shall not be included in determining whether all Lenders or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or
waiver pursuant to Section 9.08), provided that any waiver, amendment or modification requiring the consent of each affected Lender which affects such Defaulting Lender differently than other affected Lenders shall require the consent of
such Defaulting Lender. 

  
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 ARTICLE III. 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to each of the Lenders that: 

Section 3.01 Organization; Powers. The Borrower and each of its Restricted Subsidiaries (a) is an entity duly organized,
validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be
conducted, (c) is qualified to do business in every jurisdiction where such qualification is required, except where the failure so to qualify would not reasonably be expected to result in a Material Adverse Effect, and (d) in the case of
the Borrower, has the corporate power and authority to execute, deliver and perform its obligations under each of the Loan Documents and each other agreement or instrument contemplated thereby to which it is or will be a party and to borrow
hereunder. 
 Section 3.02 Authorization. The execution, delivery and performance by the Borrower of each of the Loan Documents
and the borrowings hereunder, and the consummation of the other transactions contemplated hereby (collectively, the “Transactions”) (a) have been duly authorized by all requisite corporate and, if required, stockholder action
and (b) (i) will not violate (A) any provision of law, statute, rule or regulation, (B) the certificate or articles of incorporation or other constitutive documents or by-laws of the Borrower or any of its Restricted
Subsidiaries, (C) any order of any Governmental Authority or (D) any provision of any indenture, agreement or other instrument to which the Borrower or any of its Restricted Subsidiaries is a party or by which any of them or any of their
property is or may be bound, (ii) will not be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under any such indenture, agreement or other instrument or (iii) will not result
in the creation or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any of its Restricted Subsidiaries except, in each case other than (a) and (b)(i)(B), as could not
reasonably be expected to have a Material Adverse Effect. 
 Section 3.03 Enforceability. This Agreement has been duly executed
and delivered by the Borrower and constitutes, and each other Loan Document when executed and delivered by the Borrower will constitute, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at
law. 
 Section 3.04 Consents and Approvals. No action, consent or approval of, registration or filing with, or any other action
by any Governmental Authority or any other third party is or will be required in connection with the Transactions, except as have been made or obtained (without the imposition of any conditions that are not acceptable to the Lenders) and are in full
force and effect (other than any action, consent, approval, registration or filing the absence of which could not reasonably be expected, either individually or in the aggregate with any such other consents, approvals, registrations or filings, to
result in a Material Adverse Effect). No law or regulation shall be applicable, restraining, preventing or imposing materially adverse conditions upon the Transactions or the rights of the Borrower and its subsidiaries freely to transfer or
otherwise dispose of, or to create any Lien on, any properties now owned or hereafter acquired by any of them except, in each case, as could not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 3.05 Financial Statements. (a) Weyerhaeuser has heretofore furnished to
the Lenders its consolidated balance sheets and statements of earnings and statements of cash flows, together with the notes thereto, as of and for the fiscal year ended December 31, 2012, audited by and accompanied by the opinion of KPMG LLP,
independent public accountants, and as of and for the fiscal quarter ended June 30, 2013. 
 (b) Such financial
statements referred to in Section 3.05(a) present fairly in all material respects the financial position and results of operations of Weyerhaeuser and its consolidated subsidiaries as of such dates and for such periods. Such balance sheets and
the notes thereto disclose all material liabilities, direct or contingent, of Weyerhaeuser and its consolidated subsidiaries as of the dates thereof. Such financial statements were prepared in accordance with GAAP applied on a consistent basis
(subject, in the case of unaudited financial statements, to year-end audit adjustments and the absence of footnotes). 
 Section 3.06
No Material Adverse Change. Except as disclosed on Weyerhaeuser’s Report on Form 10-K for the year ended December 31, 2012, Form 10-Q for the fiscal quarter ended June 30, 2013, or any Form 8-K filed since June 30, 2013,
and other than changes in operating results arising in the ordinary course of business and except as otherwise disclosed publicly since December 31, 2012, or in writing to the Lenders prior to the date hereof, there has been no material adverse
change in the business, financial condition, operations or properties of Weyerhaeuser and its subsidiaries, taken as a whole, since December 31, 2012. 

Section 3.07 Title to Properties; Possession Under Leases. (a) The Borrower and its Restricted Subsidiaries has good and
marketable title to, or valid leasehold interests in, all of its material real properties, except for defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for
their intended purposes. 
 (b) The Borrower and its Restricted Subsidiaries (i) has complied with all obligations under
all leases of real property to which it is a party, and (ii) enjoys peaceful and undisturbed possession under all such leases, except where such non-compliance or lack of peaceful and undisturbed possession would not reasonably be expected to
result in a Material Adverse Effect. All leases to which the Borrower and its respective Restricted Subsidiaries are a party are in full force and effect, except where such lack of force and effect would not reasonably be expected to result in a
Material Adverse Effect. 
 Section 3.08 Subsidiaries. Schedule 3.08 (i) sets forth as of the Closing Date a list of all
subsidiaries of Weyerhaeuser and its percentage ownership interest therein, and (ii) designates those Subsidiaries which are Unrestricted Subsidiaries as of the Closing Date. 

  
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 Section 3.09 Litigation; Compliance with Laws. (a) Except as disclosed on
Weyerhaeuser’s Report on Form 10-K for the year ended December 31, 2012, Form 10-Q for the fiscal quarter ended June 30, 2013, or any Form 8-K filed since June 30, 2013, there are no actions, suits, investigations, litigations or
proceedings pending or, to the knowledge of the Borrower, threatened against or affecting the Borrower or any of its Restricted Subsidiaries in any court or before any arbitrator or Governmental Authority that could reasonably be expected to have a
Material Adverse Effect. 
 (b) Except as disclosed on Weyerhaeuser’s Report on Form 10-K for the year ended
December 31, 2012, Form 10-Q for the fiscal quarter ended June 30, 2013, or any Form 8-K filed since June 30, 2013, neither the Borrower nor any of its Restricted Subsidiaries is in violation of any law, rule or regulation, or in
default with respect to any judgment, writ, injunction or decree of any Governmental Authority, where such violation or default could reasonably be expected to result in a Material Adverse Effect. 

Section 3.10 Agreements. (a) Neither the Borrower nor any of its Restricted Subsidiaries is a party to any agreement or
instrument or subject to any corporate restriction that has resulted in a Material Adverse Effect. 
 (b) Neither the
Borrower nor any of its Restricted Subsidiaries is in default in any manner under any material agreement or instrument (except for any indenture or other agreement or instrument evidencing Indebtedness) to which it is a party or by which it or any
of its properties or assets are or may be bound, where such default could reasonably be expected to result in a Material Adverse Effect. 

Section 3.11 Federal Reserve Regulations. (a) Neither the Borrower nor any of its Restricted Subsidiaries is engaged
principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock. 

(b) No part of the proceeds of any Loan will be used, whether directly or indirectly, whether immediately, incidentally or
ultimately, for any purpose which entails a violation of, or which is inconsistent with, the provisions of the Regulations of the Board, including Regulation T, U or X. 

Section 3.12 Investment Company Act. Neither the Borrower nor any of its Restricted Subsidiaries is an “investment
company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 
 Section 3.13 Tax Returns.
Each of the Borrower and its Subsidiaries has filed or caused to be filed all material Federal, state and local tax returns required to have been filed by it and has paid or caused to be paid all material taxes shown to be due and payable on such
returns or on any assessments received by it, except taxes that are being contested in good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as the case may be, shall have set aside on its books appropriate reserves.

 Section 3.14 No Material Misstatements. No information, report, financial statement, exhibit or schedule furnished by or on
behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto, when taken together with the reports and other filings with the SEC contains
any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

  
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 Section 3.15 Compliance with ERISA. Except as would not reasonably be expected to
have a Material Adverse Effect: each Plan subject to ERISA or the Code, as applicable, is in compliance with ERISA and the Code; no Reportable Event has occurred with respect to a Plan; no Plan is insolvent (within the meaning of Section 4245
of ERISA) or in reorganization (within the meaning of Section 4241 of ERISA); no Plan has an Unfunded Current Liability; no Plan subject to ERISA or the Code, as applicable, has an accumulated or waived funding deficiency, has permitted
decreases in its funding standard account or has applied for an extension of any amortization period under Section 412, Section 430 or Section 431 of the Code, as applicable; neither the Borrower nor any ERISA Affiliate has incurred
any liability to or on account of a Plan pursuant to Section 409, 502(i), 502(l), 515, 4062, 4063, 4064, 4069, 4201 or 4204 of ERISA or Section 4975 of the Code or expects to incur any liability under any of the foregoing Sections with
respect to any such Plan; no condition exists which presents a risk to the Borrower or any ERISA Affiliate of incurring a liability to or on account of a Plan pursuant to the foregoing provisions of ERISA and the Code; no proceedings have been
instituted to terminate any Plan; no lien imposed under the Code or ERISA on the assets of the Borrower or any ERISA Affiliate exists or is likely to arise on account of any Plan; neither the Borrower nor any ERISA Affiliate has failed to make by
its due date a required installment under Section 430(j) of the Code with respect to any Plan; no Plan has failed to satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of ERISA)
applicable to such Plan, whether or not waived; no determination has been made that any Plan is, or is expected to be in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA) or in
“endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 305 of ERISA); and neither the Borrower nor any ERISA Affiliate has failed to make any required contribution to a Plan pursuant
to Section 431 or Section 432 of the Code. The Borrower and its Subsidiaries do not maintain or contribute to any “welfare plan” (within the meaning of Section 3(1) of ERISA) which provides life insurance or health benefits
to retirees (other than as required by Section 601 of ERISA) the obligations with respect to which could reasonably be expected to have a Material Adverse Effect. 

Section 3.16 Environmental Matters. Except as disclosed on Weyerhaeuser’s Report on Form 10-K for the year ended
December 31, 2012, Form 10-Q for the fiscal quarter ended June 30, 2013, or any Form 8-K filed since June 30, 2013, (a) neither the Borrower nor any of its Subsidiaries has failed to comply with any Federal, state, local and
other statutes, ordinances, orders, judgments, rulings and regulations relating to environmental pollution or to environmental regulation or control, where any such failure to comply, alone or together with any other such noncompliance, could
reasonably be expected to result in a Material Adverse Effect; (b) neither the Borrower nor any of its Subsidiaries has received notice of any failure so to comply which alone or together with any other such failure could reasonably be expected
to result in a Material Adverse Effect; and (c) the Borrower and its Subsidiaries’ plants have not managed any hazardous wastes, hazardous substances, hazardous materials, toxic substances or toxic pollutants, as those terms are used in
the Resource Conservation and Recovery Act, the Comprehensive Environmental Response Compensation and Liability Act, the Hazardous Materials Transportation Act, the Toxic Substance Control Act, the Clean Air Act, the Clean Water Act or any other
Environmental Law, in violation of any regulations promulgated pursuant thereto or in any other applicable law where such violation could reasonably be expected to result, individually or together with other violations, in a Material Adverse Effect.

  
 35 

 Section 3.17 Maintenance of Insurance. The Borrower and each of its Restricted
Subsidiaries maintains insurance (which may be self insurance) for all of its insurable properties: (a) by financially sound and reputable insurers to the extent of insurance obtained from third party insurers; (b) to such extent and
against such risks, including fire and other risks insured against by extended coverage, as is customary with companies in the same or similar businesses, including public liability insurance against claims for personal injury or death or property
damage occurring upon, in, about or in connection with the use of any properties owned, occupied or controlled by the Borrower or such Restricted Subsidiaries; and (c) as may be required by law. 

Section 3.18 Ranking. The obligations of Weyerhaeuser to repay the Loans made to it hereunder rank pari passu or senior in right
of payment to all outstanding senior unsecured notes and bonds of Weyerhaeuser. 
 Section 3.19 Anti-Corruption Laws and
Sanctions. 
 Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance by the
Borrower and each of its Restricted Subsidiaries and their respective directors, officers, employees and agents (acting in their capacity as such) with applicable Anti-Corruption Laws and Sanctions. None of (i) Borrower or its Restricted
Subsidiaries or, (ii) to the knowledge of Borrower, any director officer or employee of such Borrower or its Restricted Subsidiaries, is a Sanctioned Person. 

ARTICLE IV. 
 CONDITIONS
OF LENDING 
 The obligations of the Lenders to make Loans hereunder are subject to the satisfaction of the following conditions: 

Section 4.01 Closing Date. On or before the Closing Date: 

(a) Opinions. The Administrative Agent shall have received a favorable written opinion of (i) Cravath, Swaine and
Moore LLP, special counsel for the Borrower, dated the Closing Date and addressed to the Lenders, in form and substance reasonably satisfactory to the Administrative Agent and (ii) James Clack, Esq., Senior Legal Counsel to Weyerhaeuser, as
counsel for Weyerhaeuser, dated the Closing Date and addressed to the Lenders, in form and substance reasonably satisfactory to the Administrative Agent. 

(b) Legal Matters. All legal matters (including any documentation) related to this Agreement and the Transactions shall
be satisfactory to the Lenders and to Moore & Van Allen, PLLC, special counsel for the Administrative Agent. 
 (c)
Articles, etc. The Administrative Agent shall have received (i) a copy of the certificate or articles of incorporation, including all amendments thereto, of the Borrower, certified as of a recent date by the Secretary of State of its
State of 

  
 36 

 
incorporation, and a certificate as to the good standing of the Borrower, as of a recent date, from such Secretary of State; (ii) a certificate from the Borrower of its Secretary or
Assistant Secretary dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the by-laws of the Borrower as in effect on the Closing Date and at all times since a date prior to the date of the resolutions
described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of the Borrower authorizing the execution, delivery and performance of the Borrower of any and all
documents and agreements to be entered into with respect to the Loan Documents and the borrowings to be made thereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the
certificate or articles of incorporation of the Borrower have not been amended since the date of the last amendment thereto shown on the certificates of good standing furnished pursuant to clause (i) above, and (D) as to the incumbency and
specimen signature of each officer executing any Loan Document or any other document or agreement delivered in connection with the Transactions on behalf of the Borrower; (iii) a certification of another officer as to the incumbency and
specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to (ii) above; and (iv) such other documents as the Lenders or Moore & Van Allen, PLLC, special counsel for the Administrative Agent,
may reasonably request. 
 (d) Officers’ Certificates. The Administrative Agent shall have received a certificate
from the Borrower, dated the Closing Date and signed by a Financial Officer of the Borrower, confirming (i) compliance with the condition precedent set forth in paragraph (h) of Section 4.01, and (ii) that the representations and
warranties of the Borrower set forth herein are true and correct in all material respects on and as of the Closing Date (except for representations and warranties expressly stated to relate to a specific earlier date, in which case such
representations and warranties are true and correct in all material respects as of such earlier date). 
 (e) Fees.
The Administrative Agent shall have received all Fees and other amounts due and payable to the Administrative Agent, the Lead Arrangers or the Lenders on or prior to the Closing Date. 

(f) Loan Documents. The Administrative Agent shall have received a fully executed counterpart of this Agreement, and an
executed copy of each Loan Document (other than this Agreement). 
 (g) Revolving Credit Agreement. The Administrative
Agent shall have received evidence, in form and substance satisfactory to the Administrative Agent, that the Revolving Credit Agreement has become effective simultaneously with or prior to the Closing Date. 

(h) Farm Credit Equities. The Borrower shall have purchased the Farm Credit Equities as set forth on Schedule 4.01(h),
consistent with Section 5.12, pursuant to the agreements identified in Schedule 4.01(h) (substantially in the form attached thereto or as otherwise agreed by the applicable Farm Credit Lender and the Borrower) and each Farm Credit Lender shall
have executed and delivered to the Borrower a receipt substantially in the form attached to Schedule 4.01(h) for the applicable Farm Credit Equities. 

  
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 (i) No Default. At the time of and immediately after the Closing Date, no
Event of Default or Default shall have occurred and be continuing. 
 (j) Representations. The representations and
warranties of the Borrower set forth in Article III shall be true and correct in all material respects on and as the Closing Date (except for representations and warranties expressly stated to relate to a specific earlier date, in which case such
representations and warranties are true and correct in all material respects as of such earlier date). 
 Section 4.02 Funding
Date. In addition to satisfaction of the conditions set forth in Section 4.01 on the Closing Date, on the Funding Date: 

(a) Notice. The Administrative Agent shall have received from the Borrower a notice of Borrowing as required by
Section 2.02. 
 (b) Representations. The representations and warranties of the Borrower set forth in Sections
3.01, 3.02, 3.03, 3.04, 3.07, 3.10(b), 3.11, 3.12 and 3.18 shall be true and correct in all material respects on and as of such date with the same effect as though made on and as of such date at the time of and immediately after such Borrowing. 

(c) Repayment of Longview Timber Debt. The Administrative Agent and the Lead Arrangers shall have received evidence
reasonably satisfactory to them of the payoff of all obligations under the Senior Credit Agreement (as further defined in the Stock Purchase Agreement dated as of June 14, 2013 among Weyerhaeuser, Weyerhaeuser Columbia Holding Co., LLC,
Longview Timber Holdings, Corp. and the Securityholders party thereto) with the proceeds of the Loans to be made to the Borrower on the Funding Date, together with other funds of the Borrower, and the release (or arrangements reasonably satisfactory
to the Administrative Agent for the release) of all related Liens. 
 (d) Compliance, etc. At the time of and
immediately after such Borrowing, no Event of Default or Default shall have occurred and be continuing. 
 The Borrowing on the Funding Date
shall be deemed to constitute a representation and warranty by the Borrower on the Funding Date as to the matters specified in paragraphs (b) and (d) of this Section 4.02. 

ARTICLE V. 
 AFFIRMATIVE
COVENANTS 
 The Borrower covenants and agrees with each Lender and the Administrative Agent that, so long as this Agreement shall
remain in effect or the principal of or interest on any Loan, any Fees or any other expenses or amounts then due and payable under any Loan Document shall be 

  
 38 

 
unpaid, unless the Required Lenders (or, where indicated, the Lenders) shall otherwise consent in writing, the Borrower will, and will cause each of its Restricted Subsidiaries (except in the
case of Sections 5.03, 5.04. 5.05, 5.10, 5.11, 5.12 and 5.13 (which apply only to Weyerhaeuser and not its Restricted Subsidiaries), 5.06 (which applies only to Weyerhaeuser and its ERISA Affiliates) and 5.09 (which applies to Weyerhaeuser and all
of its Subsidiaries)) to: 
 Section 5.01 Existence; Businesses and Properties. (a) Do or cause to be done all things
necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.01(c) (with respect to Weyerhaeuser) and, with respect to Restricted Subsidiaries, where the failure to
do so could not reasonably be expected to have a Material Adverse Effect, provided, however, that any Restricted Subsidiary may liquidate or dissolve to the extent the assets of such Subsidiary are transferred to Weyerhaeuser or any of
its Restricted Subsidiaries or are disposed of in a transaction permitted by this Agreement. 
 (b) Except in each case where
the failure to do so could not reasonably be expected to result in a Material Adverse Effect, (i) do or cause to be done all things necessary to obtain, preserve, renew, extend and keep in full force and effect the rights, licenses, permits,
franchises, authorizations, patents, copyrights, trademarks and trade names necessary in the conduct of its business; (ii) maintain and operate such business in substantially the manner in which it is presently conducted and operated;
(iii) comply with all applicable laws, rules, regulations and orders of any Governmental Authority, whether now in effect or hereafter enacted; and (iv) at all times maintain and preserve all property necessary in the conduct of such
business and keep such property in good repair, working order and condition and from time to time make, or cause to be made, all necessary and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the
business carried on in connection therewith may be properly conducted at all times. 
 (c) Maintain compliance with each of
its loans, contracts, leases and other obligations (other than Indebtedness) except such as are being contested in good faith by appropriate proceedings and for which appropriate reserves have been established, and except for such noncompliance as
could not reasonably be expected to have, in any case or in the aggregate, a Material Adverse Effect. 
 Section 5.02 Insurance.
(a) Keep such of its insurable properties as are insured with third-party insurers insured at all times by financially sound and reputable insurers; and (b) maintain (i) insurance (which may include self insurance), to such extent and
against such risks, including fire and other risks insured against by extended coverage, as is customary with companies in the same or similar businesses, including public liability insurance against claims for personal injury or death or property
damage occurring upon, in, about or in connection with the use of any properties owned, occupied or controlled by it; and (ii) such insurance as may be required by law. 

Section 5.03 Obligations and Taxes. Pay its obligations (other than Indebtedness) promptly and in accordance with their terms and
pay and discharge promptly when due all taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all

  
 39 

 
lawful claims for labor, materials and supplies or otherwise which, if unpaid, might give rise to a Lien upon such properties or any part thereof; provided, however, that such
payment and discharge shall not be required (i) so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings and the Borrower or such Subsidiary shall have set aside on its books appropriate reserves
with respect thereto or (ii) if the failure to do so is not, in any case or in the aggregate, reasonably likely to have a Material Adverse Effect. 

Section 5.04 Financial Statements, Reports, etc. In the case of the Borrower, furnish to the Administrative Agent (which shall
promptly furnish to each Lender): 
 (a) within 95 days after the end of each fiscal year, its consolidated balance sheets
and related statements of earnings and statements of cash flows, together with the notes thereto, showing the financial position of the Borrower and its consolidated Subsidiaries as of the close of such fiscal year and the results of their
operations and the operations of such subsidiaries during such year, all audited by KPMG LLP or other independent public accountants of recognized national standing and accompanied by an opinion of such accountants (which shall not be qualified in
any material respect) to the effect that such consolidated financial statements fairly present the financial position and results of operations of each the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, except as therein noted; 
 (b) within 50 days after the end of each of the first three fiscal quarters
of each fiscal year, its consolidated balance sheets and related statements of earnings and, with respect to Weyerhaeuser, statements of cash flows, showing the financial position of Weyerhaeuser and its consolidated Subsidiaries as of the close of
such fiscal quarter and the results of its operations and the operations of such consolidated Subsidiaries during such fiscal quarter and the then elapsed portion of the fiscal year, all certified (in the form of Exhibit D-1) by one of its Financial
Officers as fairly presenting the financial position and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, except as therein noted, subject to appropriate
year-end audit adjustments and absence of footnotes; 
 (c) concurrently with any delivery of financial statements under
(a) or (b) above, a certificate (in the form of Exhibit D-2) of the accounting firm or Financial Officer of the Borrower opining on or certifying such statements (which certificate, when furnished by an accounting firm, may be limited to
accounting matters and disclaim responsibility for legal interpretations) (i) certifying that no Event of Default or Default has occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any
corrective action taken or proposed to be taken with respect thereto, (ii) in the case of Weyerhaeuser setting forth computations in reasonable detail satisfactory to the Administrative Agent demonstrating compliance with the covenants
contained in Sections 6.01(d) and 6.01(e) and (iii) including a reconciliation setting forth adjustments made to such financial statements in order to make the calculations set forth in clause (ii) above; 

  
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 (d) promptly after the same become publicly available, copies of all periodic and
other reports, proxy statements and other materials filed by it or any of its Subsidiaries with the SEC, or with any national securities exchange, or, in the case of Weyerhaeuser, distributed to its shareholders, as the case may be; 

(e) promptly, from time to time, such other information regarding the operations, business affairs and financial condition of
the Borrower or any of its Subsidiaries, or compliance with the terms of any Loan Document, as the Administrative Agent or any Lender may reasonably request (it being understood that the Borrower shall not be required to provide any information or
documents which are subject to confidentiality provisions the nature of which prohibit such disclosure); 
 (f) promptly, and
in any event within 2 Business Days, upon becoming aware thereof, notice of any proposed or actual down-grade, suspension or withdrawal of the rating provided by S&P or Moody’s to Weyerhaeuser in respect of its Senior Unsecured Long-Term
Debt; and 
 (g) promptly following receipt thereof, copies of any documents described in Sections 101(k) or 101(l) of ERISA
that Weyerhaeuser or any ERISA Affiliate may request with respect to any Plan; provided, that if Weyerhaeuser or any ERISA Affiliate has not requested such documents or notices from the administrator or sponsor of the applicable Plan, then,
upon reasonable request of the Administrative Agent, Weyerhaeuser and/or an ERISA Affiliate shall promptly make a request for such documents or notices from such administrator or sponsor and Weyerhaeuser shall provide copies of such documents and
notices to the Administrative Agent promptly after receipt thereof. 
 Information required to be delivered pursuant to paragraphs (a), (b), (d) and
(e) shall be deemed to have been delivered on the date on which Weyerhaeuser provides notice to the Administrative Agent that such information has been posted on Weyerhaeuser’s website on the internet at the website address listed on the
signature pages thereof, at www.sec.gov or at another website identified in such notice and accessible by the Lenders without charge; provided that Weyerhaeuser shall deliver paper copies of the reports and financial statements
referred to in paragraphs (a), (b), (d) and (e) of this Section 5.04 to the Administrative Agent or any Lender who requests Weyerhaeuser to deliver such paper copies until written notice to cease delivering paper copies is given by
such Administrative Agent or Lender to Weyerhaeuser. 
 Section 5.05 Litigation and Other Notices. Furnish to the Administrative
Agent (which shall promptly furnish to each Lender) prompt written notice of the following: 
 (a) any Event of Default or
Default, specifying the nature and extent thereof and the corrective action (if any) proposed to be taken with respect thereto; 

(b) the filing or commencement of, or any written threat or notice of intention of any person to file or commence, any action,
suit or proceeding, whether at law or in equity or by or before any Governmental Authority, against Weyerhaeuser or any of its Affiliates which, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 

  
 41 

 (c) any development that has resulted in a Material Adverse Effect; and 

(d) the issuance by any Governmental Authority of any injunction, order, decision or other restraint prohibiting, or having the
effect of prohibiting, the making of the Loans or the initiation of any litigation or similar proceeding seeking any such injunction, order or other restraint; 

provided that in each case (other than Subsection 5.05 (a)) no Borrower shall be required to provide separate notice of any event disclosed in any
report promptly filed with the SEC. 
 Section 5.06 ERISA. As soon as possible and, in any event, within 10 Business Days after
Weyerhaeuser knows of the occurrence of any of the following events which individually or in the aggregate could reasonably be expected to have a Material Adverse Effect, Weyerhaeuser will deliver to the Administrative Agent a certificate of the
Financial Officer of Weyerhaeuser setting forth details as to such occurrence and such action, if any, which Weyerhaeuser or an ERISA Affiliate is required or proposes to take, together with any notices required or proposed to be given to or filed
with or by Weyerhaeuser or such ERISA Affiliate, the PBGC, a Plan participant or the Plan administrator with respect thereto: (a) that a Reportable Event has occurred, (b) that a Plan has failed to satisfy the minimum funding standards
(within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, whether or not waived, or an application has been made to the Secretary of the Treasury for a modification of the minimum funding standard
(including any required installment payments) or an extension of any amortization period under Section 412, 430 or 431 of the Code, as applicable with respect to a Plan, (c) that a Plan has been or is in the process of being terminated,
reorganized, partitioned or declared insolvent under Title IV of ERISA, (d) that a Plan has an Unfunded Current Liability, (e) that proceedings have been instituted to terminate a Plan, (f) that a proceeding has been instituted
pursuant to Section 515 of ERISA to collect a delinquent contribution to a Plan, or (g) that Weyerhaeuser or any ERISA Affiliate will or is reasonably likely to incur any liability (including any contingent or secondary liability) to or on
account of the termination of or withdrawal from a Plan under Section 4062, 4063, 4064, 4069, 4201 or 4204 of ERISA or with respect to a Plan under Section 4975 of the Code or Section 409, 502(i) or 502(l) of ERISA. Weyerhaeuser will,
upon written request, deliver to the Administrative Agent a complete copy of the annual report (Form 5500) of each Plan required to be filed with the Internal Revenue Service. In addition to any certificates or notices delivered to the
Administrative Agent pursuant to the first sentence hereof, copies of annual reports and any other notices received by Weyerhaeuser or any ERISA Affiliate required to be delivered to the Administrative Agent hereunder shall be delivered to the
Administrative Agent no later than 10 Business Days after the later of the date such report or notice has been filed with the Internal Revenue Service or the PBGC, given to Plan participants, received by Weyerhaeuser or such ERISA Affiliate or
requested in writing by the Administrative Agent. 
 Section 5.07 Maintaining Records; Access to Properties and Inspections.
Maintain appropriate, accurate and complete financial records and permit any representatives designated by the Administrative Agent or any Lender to visit and inspect the financial records and the 

  
 42 

 
properties of the Borrower or any of its Restricted Subsidiaries at reasonable times and, with reasonable prior notice given to Weyerhaeuser, as often as requested and unless a Default has
occurred and is continuing, at the expense of the Administrative Agent or such Lender, and to make extracts from and copies of such financial records, and permit any representatives designated by any Lender or the Administrative Agent to discuss the
affairs, finances and condition of Weyerhaeuser or any such Restricted Subsidiary with the officers thereof and independent accountants (so long as a representative of Weyerhaeuser is present, or Weyerhaeuser has consented to the absence of such a
representative) therefor (in each case subject to obligations under applicable confidentiality provisions). 
 Section 5.08 Use of
Proceeds. Use the credit extended pursuant to this Agreement only for the purposes set forth in the recitals to this Agreement. 

Section 5.09 Environmental Matters. (a) (i) Comply in all material respects with all Environmental Laws applicable to
the ownership or use of any real property owned or leased by the Borrower or any of its Subsidiaries, except where such noncompliance is not, in any case or in the aggregate, reasonably likely to have a Material Adverse Effect, (ii) include in
all material contracts with tenants and other persons occupying such real property provisions to ensure such tenants’ compliance in all material respects with all such Environmental Laws, and diligently enforce and prosecute its rights with
respect to such provisions, (iii) pay or cause to be paid in the case of sole liability, or, in the case of joint liability, to seek contribution or compensation in respect of, all costs and expenses incurred in connection with such compliance,
except in respect to costs and expenses that are being contested in good faith and for which the Borrower or such Subsidiary, as the case may be, shall have set aside on its books appropriate reserves, and except where failures to make such payments
are not, in any case or in the aggregate, reasonably likely to have a Material Adverse Effect, and (iv) use its best efforts to keep or cause to be kept all such real property free and clear of any liens imposed pursuant to any Environmental
Laws, except in respect to liens that are being contested in good faith, and except in respect to liens the existence of which is not, in any case or in the aggregate, reasonably likely to have a Material Adverse Effect. 

(b) Neither the Borrower, nor any of its Subsidiaries will generate, use, treat, store, Release, or permit the generation, use,
treatment, storage or Release of Hazardous Materials on any real property owned or leased by the Borrower or any of its Subsidiaries, or transport or permit the transportation of Hazardous Materials to or from any such real property, except for
quantities generated, used, treated, stored, or Released on, or transported to or from, such real property in the ordinary course of business in material compliance with all applicable Environmental Laws and, except for such generation, use,
treatment or storage on, or transportation to or from, any such real property of Hazardous Materials as is not, in any case or in the aggregate, reasonably likely to have a Material Adverse Effect. 

(c) If the Administrative Agent receives any notice from the Borrower pursuant to subsection (d) of this Section 5.09
or if the Administrative Agent otherwise acquires knowledge of any Environmental Claim which in the sole determination of the Required Lenders would have a Material Adverse Effect with respect to the Borrower then upon the written request of the
Required Lenders, the Borrower will provide, at its 

  
 43 

 
sole cost and expense, an environmental site assessment report concerning any real property owned or leased by the Borrower or an affected Subsidiary that is the subject of such Environmental
Claim prepared by an environmental consulting firm approved by the Required Lenders, indicating the presence or absence of Hazardous Materials and the potential costs of any removal or remedial action in connection with any Hazardous Materials on
any such real property owned or leased by the Borrower or any of its Subsidiaries. 
 (d) The Borrower will immediately
advise the Administrative Agent in writing of any of the following: 
 (i) Any pending or threatened Environmental Claim
against the Borrower or any of its Subsidiaries or any real property owned or leased by the Borrower or any of its Subsidiaries which if determined adversely to the Borrower or any of its Subsidiaries would be reasonably likely to have a Material
Adverse Effect; 
 (ii) Any condition or occurrence on any real property owned or leased by the Borrower or any of its
Subsidiaries that (A) results in noncompliance by the Borrower or any of its Subsidiaries with any applicable Environmental Law which noncompliance is reasonably likely to have a Material Adverse Effect, or (B) could reasonably be
anticipated to form the basis of an Environmental Claim against the Borrower or any of its Subsidiaries or any real property owned or leased by the Borrower or any of its Subsidiaries and which if determined adversely to the Borrower or any of its
Subsidiaries would be reasonably likely to have a Material Adverse Effect; 
 (iii) Any condition or occurrence on any real
property owned or leased by the Borrower or any of its Subsidiaries or, to the actual knowledge of the Borrower or any of its Subsidiaries, any property adjoining or in the vicinity thereof that could reasonably be anticipated to cause such real
property to be subject to any restrictions on the ownership, occupancy, use, or transferability thereof under any Environmental Law which restrictions, in any case or in the aggregate, are reasonably likely to have a Material Adverse Effect; and

 (iv) The taking of any removal or remedial action in response to the actual or alleged presence of any Hazardous Materials
on any real property owned or leased by the Borrower or any of its Subsidiaries the taking of which, in any case or in the aggregate, is reasonably likely to have a Material Adverse Effect. 

All such notices shall describe in reasonable detail the nature of the claim, investigation, condition, occurrence, or removal or remedial action and the
action which the Borrower or any of its Subsidiaries proposes to take in response thereto. 
 Section 5.10 Ownership
Requirement. With respect to Weyerhaeuser, at any time, maintain the ownership (directly or indirectly) of or long-term leases on, no less than four million (4,000,000) acres of Timberlands. 

  
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 Section 5.11 Claim Agreement. With respect to Weyerhaeuser, perform, observe and
comply with each of its covenants and agreements in the Claim Agreement, and do or cause to be done all things necessary to keep the Claim Agreement in full force and effect. 

Section 5.12 Farm Credit Equity. (a) So long as a Farm Credit Lender is a Lender or Voting Participant hereunder, the
Borrower will acquire equity in such Farm Credit Lender in such amounts and at such times as such Farm Credit Lender may require in accordance with such Farm Credit Lender’s bylaws and capital plan or similar documents (as each may be amended
from time to time), provided, however, that notwithstanding anything to the contrary contained herein the maximum amount of equity that the Borrower may be required to purchase in such Farm Credit Lender shall not exceed the maximum
amount required by the applicable bylaws, capital plan and related documents, in each case, (x) as in effect (and in the form provided to the Borrower) on the Closing Date or (y) in the case of a Farm Credit Lender that becomes a Lender or
Voting Participant as a result of an assignment or sale of participation, as in effect (and in the form provided to the Borrower) at the time of the closing of the related assignment or sale of participation. Each applicable Farm Credit Lender
confirms delivery to the Borrower, and the Borrower acknowledges receipt, of documents from such Farm Credit Lender that describe the nature of the stock and other equities in such Farm Credit Lender required to be acquired by the Borrower in
connection with its patronage loan from such Farm Credit Lender (the “Farm Credit Equities”) as well as applicable capitalization requirements, and the Borrower agrees to be bound by the terms thereof. Each applicable Farm Credit
Lender party hereto as of the Closing Date acknowledges and agrees that the amount of Farm Credit Equities of such Farm Credit Lender acquired by the Borrower on or prior to the Closing Date satisfies the requirements of this Section 5.12 in
respect of the Total Commitments as of the Closing Date. 
 (b) Each party hereto acknowledges that each Farm Credit
Lender’s bylaws, capital plan and similar documents (as each may be amended from time to time) shall govern (x) the rights and obligations of the parties with respect to the Farm Credit Equities and any patronage refunds or other
distributions made on account thereof or on account of the Borrower’s patronage with such Farm Credit Lender, (y) the Borrower’s eligibility for patronage distributions from such Farm Credit Lender (in the form of Farm Credit Equities
and cash) and (z) patronage distributions, if any, in the event of a sale of a participation interest. Each Farm Credit Lender reserves the right to assign or sell participations in all or any part of its Commitments or outstanding Borrowings
hereunder on a non-patronage basis (and/or to a Lender that pays no patronage or pays patronage that is lower than the patronage paid by the transferring Farm Credit Lender) in accordance with Section 9.04; provided, that if Borrower’s
consent to such assignment or sale of a participation by such Farm Credit Lender is required pursuant to Section 9.04(b) or Section 9.04(f), as applicable, the parties hereto agree that, solely with respect to Borrower’s ability to
reasonably withhold consent to such transfer because of an expected reduction in patronage distributions to the Borrower (it being understood and agreed that the Borrower may have another basis for reasonably withholding consent to such transfer),
(A) if the transferring Farm Credit Lender has not delivered a Farm Credit Lender Transfer Certificate (as defined below) to the Borrower, then the Borrower may withhold its consent to such assignment or sale in its sole discretion (and in such
case, the Borrower shall be deemed to have acted reasonably), and (B) if the transferring Farm Credit Lender has delivered a Farm Credit Lender Transfer Certificate to the Borrower, 

  
 45 

 
then Weyerhaeuser may not withhold its consent to such assignment or sale (and any such withholding of consent shall be deemed unreasonable). For purposes hereof, “Farm Credit Lender
Transfer Certificate” means a certificate executed by an officer of the transferring Farm Credit Lender and certifying to the Borrower that such transferring Farm Credit Lender has used commercially reasonable efforts to consummate the
relevant assignment or sale or a participation with another entity that would be expected to make patronage distributions to the Borrower on a going forward basis that are consistent with (or better than) those that the Borrower could reasonably
have expected to have received from such transferring Farm Credit Lender. 
 (c) Each party hereto acknowledges that each
Farm Credit Lender has a statutory first lien pursuant to the Farm Credit Act of 1971 (as amended from time to time) on all Farm Credit Equities of such Farm Credit Lender that the Borrower may now own or hereafter acquire, which statutory lien
shall be for such Farm Credit Lender’s sole and exclusive benefit. The Farm Credit Equities of a particular Farm Credit Lender shall not constitute security for the obligations arising under the Loan Documents due to any other Lender. To the
extent that any of the Loan Documents create a Lien on the Farm Credit Equities of a Farm Credit Lender or on patronage accrued by such Farm Credit Lender for the account of the Borrower (including, in each case, proceeds thereof), such Lien shall
be for such Farm Credit Lender’s sole and exclusive benefit and shall not be subject to pro rata sharing hereunder. Neither the Farm Credit Equities nor any accrued patronage shall be offset against the obligations arising under the Loan
Documents except that, in the event of an Event of Default, a Farm Credit Lender may elect, solely at its discretion, to apply the cash portion of any patronage distribution or retirement of equity to amounts due under this Agreement. The Borrower
acknowledges that any corresponding tax liability associated with such application is the sole responsibility of the Borrower. No Farm Credit Lender shall have an obligation to retire the Farm Credit Equities of such Farm Credit Lender upon any
Event of Default, Default or any other default by the Borrower, or at any other time, either for application to the obligations arising under the Loan Documents or otherwise. 

Section 5.13 Further Assurances. Promptly cause to be taken, executed, acknowledged or delivered, at the sole expense of the
Borrower, all such further acts, documents and assurances as the Required Lenders may from time to time reasonably request in order for the Borrower to carry out its obligations hereunder and under the other Loan Documents. 

  
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 ARTICLE VI. 

NEGATIVE COVENANTS 

Section 6.01 Covenants of Weyerhaeuser. Weyerhaeuser covenants and agrees with each Lender and the Administrative Agent that, so
long as this Agreement shall remain in effect or the principal of or interest on any Loan, any Fees or any other expenses or amounts then due and payable under any Loan Document shall be unpaid, unless the Required Lenders shall otherwise consent in
writing, it will not, either directly or indirectly: 
 (a) Secured Indebtedness. (i) Issue, assume or guarantee,
or permit any of its Restricted Subsidiaries to issue, assume or guarantee, any indebtedness for money borrowed (hereinafter in this Section 6.01(a) referred to as “debt”), if such debt is secured by a deed of trust, mortgage,
pledge, security interest or other lien or encumbrance (any deed of trust, mortgage, pledge, security interest or other lien or encumbrance being hereinafter in this Section 6.01(a) referred to as a “mortgage” or collectively
“mortgages”) upon or with respect to any timber or timberlands of Weyerhaeuser or such Restricted Subsidiary located in the States of Washington, Oregon, Arkansas, Oklahoma, Mississippi or North Carolina, or upon or with respect to
any principal manufacturing plant of Weyerhaeuser or such Restricted Subsidiary located anywhere in the United States of America, in either case now owned or hereafter acquired, without in any such case effectively providing, concurrently with the
issuance, assumption or guarantee of any such debt, that the Loans (together with, if Weyerhaeuser shall so determine, any other indebtedness of or guarantee by Weyerhaeuser or such Restricted Subsidiary ranking equally with the Loans and then
existing or thereafter created) shall be secured equally and ratably with (or prior to) such debt; provided, however, that the foregoing restrictions shall not be applicable to: 

(1) mortgages upon or with respect to any property of any of its Restricted Subsidiaries securing debt of such Restricted
Subsidiary to Weyerhaeuser or another Restricted Subsidiary of Weyerhaeuser; 
 (2) mortgages upon or with respect to any
property acquired, constructed or improved by Weyerhaeuser or any of its Restricted Subsidiaries after the date of this Agreement which are created, incurred or assumed contemporaneously with, or within 90 days after, such acquisition, construction
or improvement, to secure or provide for the payment of any part of the purchase price of such property or the cost of such construction or improvement, or mortgages upon or with respect to any property existing at the time of acquisition thereof;
provided, however, that in the case of any such construction or improvement the mortgage shall not apply to any property theretofore owned by Weyerhaeuser or any of its Restricted Subsidiaries other than any theretofore unimproved real
property on which the property so constructed, or the improvement, is located; 
 (3) any extension, renewal or replacement
of any mortgage referred to in clause (2) above or clause (4) below; provided, however, that the principal amount of indebtedness secured thereby shall not exceed the principal amount of indebtedness so secured at the time of
such extension, renewal or replacement, and that such extension, renewal or replacement shall be limited to all or part of the same property which secured the mortgage so extended, renewed or replaced; and 

(4) any mortgage existing on any timber or timberlands of any Person or upon or with respect to any principal manufacturing
plant of any Person at the time of acquisition by Weyerhaeuser or any of its Restricted Subsidiaries of such Person. 

  
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 (ii) Notwithstanding the provisions of paragraph (a)(i) of this
Section 6.01, Weyerhaeuser or any of its Restricted Subsidiaries may issue, assume or guarantee secured debt which would otherwise be subject to the foregoing restrictions in an aggregate amount which, together with all other such debt of
Weyerhaeuser and its Restricted Subsidiaries and the Attributable Debt in respect of Sale and Lease-Back Transactions (as defined in Section 6.01(b)) existing at such time (other than Sale and Lease-Back Transactions permitted because
Weyerhaeuser would be entitled to incur debt secured by a mortgage on the property to be leased without equally and ratably securing the Loans pursuant to paragraph (a)(i) of this Section 6.01, and other than Sale and Lease-Back Transactions
the proceeds of which have been applied in accordance with clause (ii) of Section 6.01(b)), does not at the time exceed five percent (5%) of Shareholders’ Interest in Weyerhaeuser and its Restricted Subsidiaries (as hereinafter
defined). The term “Attributable Debt” as used in this paragraph shall mean, as of any particular time, the present value of the obligation of the lessee for rental payments during the remaining term of any lease (including any
period for which such lease has been extended or may, at the option of the lessor, be extended). 
 (iii) For purposes of
this Section 6.01(a), (A) the term “principal manufacturing plant” shall not include any manufacturing plant which, in the reasonable opinion of the Board of Directors of Weyerhaeuser, is not a principal manufacturing
plant of Weyerhaeuser and its Restricted Subsidiaries; (B) the following types of transactions shall not be deemed to create debt secured by a mortgage: (1) the sale, mortgage or other transfer of timber in connection with an arrangement
under which Weyerhaeuser or any of its Restricted Subsidiaries is obligated to cut such timber or a portion thereof in order to provide the transferee with a specified amount of money however determined; (2) the mortgage of any property of
Weyerhaeuser or any of its Restricted Subsidiaries in favor of the United States, or any State, or any department, agency or instrumentality of either, to secure partial, progress, advance or other payments to Weyerhaeuser or any of its Restricted
Subsidiaries pursuant to the provisions of any contract or statute and (3) liens existing on property at the time of acquisition of such property; and (C) the term “Shareholders’ Interest in Weyerhaeuser and its Restricted
Subsidiaries” shall mean the aggregate of capital and surplus, including surplus resulting from the March 1, 1913 revaluation of timber and timberlands, of Weyerhaeuser and its Restricted Subsidiaries, after deducting the cost of
shares of Weyerhaeuser held in treasury. 
 (b) Sale and Lease-Back. Enter into any arrangement, or permit any
Restricted Subsidiary to enter into any arrangement, with any Person providing for the leasing by Weyerhaeuser or any of its Restricted Subsidiaries of any real property in the United States (except for temporary leases for a term of not more than
three years), which property has been or is to be sold or transferred by Weyerhaeuser or such Restricted 

  
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Subsidiary to such Person (herein referred to as a “Sale and Lease-Back Transaction”), unless (i) Weyerhaeuser or such Restricted Subsidiary would be entitled to incur debt secured
by a mortgage on the property to be leased without equally or ratably securing the Loans pursuant to Section 6.01(a), or (ii) Weyerhaeuser applies an amount equal to the fair value (as determined by the Board of Directors of Weyerhaeuser)
of the property so leased to the retirement (other than any mandatory retirement), within 90 days of the effective date of any such Sale and Lease-Back Transaction, of indebtedness for borrowed money incurred or assumed by Weyerhaeuser which by its
terms matures at, or is extendible or renewable at the option of the obligor to, a date more than 12 months after the date of the creation of such debt. 

(c) Merger, Consolidation, etc. Be a party to a merger or consolidation or sell, transfer or otherwise dispose of all or
substantially all of its properties or assets in a single transaction or in a series of related transactions unless (i) such merger, consolidation, sale, transfer or disposition is made with respect to another corporation incorporated and doing
business primarily within the United States of America which shall expressly assume, in form and substance reasonably satisfactory to the Required Lenders, the obligations of Weyerhaeuser under the Loan Documents and Weyerhaeuser’s Loans, and
(ii) immediately after giving effect to such merger, consolidation, sale, transfer or disposition, no Default or Event of Default hereunder shall have occurred and be continuing. 

(d) Debt Ratio. Permit Total Funded Indebtedness to exceed 65% of the sum of Weyerhaeuser’s Total Adjusted
Shareholders’ Interest and Total Funded Indebtedness. 
 (e) Net Worth. At any time permit Weyerhaeuser’s
Total Adjusted Shareholders’ Interest to be less than $3,000,000,000. 
 (f) Change in Business. Engage in, or
permit any Restricted Subsidiary to engage in, any material business activities or operations substantially different from, or unrelated to, the business activities and operations conducted by Weyerhaeuser and its Restricted Subsidiaries as of the
date hereof, except for reasonable extensions, developments and modifications thereof. 
 ARTICLE VII. 

EVENTS OF DEFAULT 

Section 7.01 Events of Default. In case of the happening of any of the events under Sections 7.01(a) through 7.01(m) below (an
“Event of Default”): 
 (a) default shall be made in the payment by the Borrower of any principal of any
Loan, when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise; 

(b) default shall be made in the payment by the Borrower of any interest on any Loan or any Fee or any other amount (other than
an amount referred to in Section 7.01(a) above) due under any Loan Document, when and as the same shall become due and payable, and such default shall continue unremedied for a period of five days; 

  
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 (c) any representation or warranty made or deemed made by the Borrower in or in
connection with any Loan Document or the Borrowings hereunder, or any representation, warranty, statement or information contained in any report, certificate, financial statement or other instrument furnished in connection with or pursuant to any
Loan Document, shall prove to have been false or misleading in any material respect when so made, deemed made or furnished; 

(d) default shall be made in the due observance or performance by the Borrower or any of its Subsidiaries (or its Restricted
Subsidiaries, if such covenant, condition or agreement applies only to Restricted Subsidiaries) of any covenant, condition or agreement contained in Section 5.01(a), 5.05(a), 5.08 or in Article VI; 

(e) default shall be made in the due observance or performance by the Borrower or any of its Subsidiaries (or its Restricted
Subsidiaries, if such covenant, condition or agreement applies only to Restricted Subsidiaries) of any covenant, condition or agreement contained in any Loan Document (other than those specified in Section 7.01(a), 7.01(b), 7.01(c) or 7.01(d))
and such default shall continue unremedied for a period of thirty days after notice thereof from the Administrative Agent or any Lender to the Borrower; 

(f) the Borrower or any of its Restricted Subsidiaries shall (i) fail to pay, when and as the same shall become due and
payable (and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument related to such Indebtedness) any principal or interest, regardless of amount, due in respect of Indebtedness in an
aggregate principal amount in excess of $100,000,000, or (ii) fail to observe or perform any other terms, covenants, conditions or agreements contained in any agreements or instruments evidencing or governing Indebtedness in an aggregate
principal amount in excess of $100,000,000 (and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument related to such Indebtedness), if the effect of any failure or failures referred to in
this Section 7.01(f)(ii) is to cause or permit the holder or holders of such Indebtedness or a trustee on its or their behalf (with or without the giving of notice) to cause, such Indebtedness to become due prior to its stated maturity; 

(g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction
seeking (i) relief in respect of the Borrower or any of its Restricted Subsidiaries, or of a substantial part of the property or assets of the Borrower or any of its Restricted Subsidiaries, under Title 11 of the United States Code, as now
constituted or hereafter amended, or any other Federal or state bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any
of its Restricted Subsidiaries or for a substantial part of the property or assets of the Borrower or any of its Restricted Subsidiaries or (iii) the winding-up or liquidation of the Borrower or any of its Restricted Subsidiaries; and such
proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

  
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 (h) the Borrower or any of its Restricted Subsidiaries shall (i) voluntarily
commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal or state bankruptcy, insolvency, receivership or similar law, (ii) consent to
the institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in Section 7.01(g) above, (iii) apply for or consent to the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for the Borrower or any of its Restricted Subsidiaries or for a substantial part of the property or assets of the Borrower or any of its Restricted Subsidiaries, (iv) file an answer admitting the
material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors, (vi) become unable, admit in writing its inability or fail generally to pay its debts as they become
due or (vii) take any action for the purpose of effecting any of the foregoing; 
 (i) one or more judgments for the
payment of money in an aggregate amount in excess of $100,000,000 shall be rendered against the Borrower or any of its Restricted Subsidiaries or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days
during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to levy upon assets or properties of the Borrower or any of its Restricted Subsidiaries to enforce any such judgment; 

(j) any Plan shall fail to satisfy the minimum funding standard required for any plan year or a waiver of such standard or
extension of any amortization period is sought or granted under Section 412, Section 430 or Section 431 of the Code, as applicable, any Plan is, shall have been or is likely to be terminated or the subject of termination proceedings
under ERISA, any Plan shall have an Unfunded Current Liability, or Weyerhaeuser has incurred or is likely to incur a liability to or on account of a Plan under Sections 409, 502(i), 502(l), or 515 of ERISA or Section 4975 of the Code, or
Weyerhaeuser or any ERISA Affiliate has incurred or is likely to incur a liability to or on account of a Plan under Sections 4062, 4063, 4064, 4069, 4201 or 4204 of ERISA; and there shall result from any such event or events referred to in this
Section 7.01(j) the imposition of a lien upon the assets of Weyerhaeuser or any ERISA Affiliate, the granting of a security interest, a liability or a material risk of incurring a liability to the PBGC or the Internal Revenue Service or a Plan
or a trustee appointed under ERISA or a liability or a material risk of incurring a liability under Sections 409, 502(i) or 502(l) of ERISA or under Sections 4971 or 4975 of the Code in each case; which, in the good faith determination of the
Required Lenders, will have a Material Adverse Effect; 
 (k) there shall have occurred a Change in Control of the Borrower;
or 
 (l) the Claim Agreement shall cease, for any reason, to be in full force and effect, or Weyerhaeuser or WNR shall
contest the validity or enforceability thereof or otherwise fail to comply with its obligations thereunder; 

  
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 then, and in every such event (other than an event with respect to the Borrower described in Section 7.01(g)
or 7.01(h) above), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Borrower, take any or all of the following actions, at the same or
different times: (i) terminate forthwith the Commitments of the Lenders and/or (ii) declare the Loans then outstanding to the Borrower to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to
be due and payable, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding; and in any event with respect to the Borrower
described in Sections 7.01(g) or 7.01(h) above, the Commitments of the Lenders and the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued
hereunder and under any other Loan Document, shall automatically become due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in
any other Loan Document to the contrary notwithstanding. 
 ARTICLE VIII. 

THE ADMINISTRATIVE AGENT 

Section 8.01 The Administrative Agent. Each of the Lenders hereby irrevocably appoints CoBank to act as Administrative Agent
hereunder and under the Loan Documents on behalf of the Lenders. Each of the Lenders, and each assignee thereof, hereby irrevocably authorizes the Administrative Agent to take such actions on behalf of such Lender and to exercise such powers as are
specifically delegated to the Administrative Agent by the terms and provisions hereof, together with such actions and powers as are reasonably incidental thereto. 

The Administrative Agent may perform any and all of its duties and exercises its rights and powers hereunder or under any other Loan Document
by or through any one or more sub-agents appoints by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercises its rights and powers by or through their respective Related Parties.
The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the
Loans as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and
nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

The Administrative Agent is hereby expressly authorized by the Lenders without hereby limiting any implied authority, (a) to receive on
behalf of the Lenders all payments of principal of and interest on the Loans and all other amounts due to the Lenders hereunder, and promptly to distribute to each Lender its proper share of each payment so received; (b) to give prompt notice
on behalf of the Lenders to the Borrower of any Event of Default specified in this Agreement of 

  
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which the Administrative Agent has actual knowledge acquired in connection with its agency hereunder; and (c) to distribute promptly to each Lender copies of all notices, financial
statements and other materials delivered by the Borrower pursuant to this Agreement as received by the Administrative Agent. 
 Neither the
Administrative Agent nor any of its directors, officers, employees or agents shall be liable as such to any Lender for any action taken or omitted by any of them except for its or his own gross negligence or willful misconduct, or be responsible for
any statement, warranty or representation herein or the contents of any document delivered in connection herewith, or be required to ascertain or to make any inquiry concerning the performance or observance by the Borrower of any of the terms,
conditions, covenants or agreements contained in any Loan Document. The Administrative Agent shall not be responsible to the Lenders for (i) the due execution, genuineness, validity, enforceability or effectiveness of this Agreement or any
other Loan Documents or other instruments or agreements or (ii) the satisfaction of any condition set forth in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. The duties
of the Administrative Agent shall be mechanical and administrative in nature; the Administrative Agent shall not have by reason of this Agreement or any other Loan Document a fiduciary relationship in respect of any Lender. The Administrative Agent
shall in all cases be fully protected in acting, or refraining from acting, in accordance with written instructions signed by the Required Lenders or the Lenders, as the case may be, and, except as otherwise specifically provided herein, such
instructions and any action or inaction pursuant thereto shall be binding on all of the Lenders. The Administrative Agent shall, in the absence of knowledge to the contrary, be entitled to rely on any instrument or document believed by it to be
genuine and correct and to have been signed or sent by the proper person or persons. The Administrative Agent may also rely upon any statement made to it orally or by telephone and believed to be made by the proper Person, and shall not incur any
liability for relying thereon. 
 Neither the Administrative Agent nor any of its directors, officers, employees or agents shall have any
responsibility to the Borrower on account of the failure of or delay in performance or breach by any Lender of any of its obligations hereunder or to any Lender on account of the failure of or delay in performance or breach by any other Lender or
the Borrower of any of their respective obligations hereunder or under any other Loan Document or in connection herewith or therewith. The foregoing shall not limit the obligations of CoBank (or its successors and assigns) in its capacity as Lender
hereunder. The Administrative Agent may execute any and all duties hereunder by or through agents or employees and shall be entitled to rely upon the advice of legal counsel (who may be counsel for the Borrower), independent accountants and other
experts selected by it with respect to all matters arising hereunder and shall not be liable for any action taken or suffered in good faith by it in accordance with the advice of such counsel. The exculpatory provisions of this Article VIII shall
apply to any such agent or employee, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 

The Administrative Agent shall not have any duties or obligations except those expressly set forth herein. Without limiting the generality of
the foregoing, the Lenders hereby acknowledge that (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is

  
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continuing, (b) the Administrative Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement unless it shall be
requested in writing to do so by the Required Lenders or the Lenders, as the case may be, and (c) except as expressly set forth herein, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to
disclose, any information relating to the Borrower or any of their respective Subsidiaries that is communicated to or obtained by the Administrative Agent or any of its Affiliates in any capacity. 

The Administrative Agent may resign on the 30th day after notifying the Lenders and the
Borrower. Upon any such resignation, the Required Lenders shall have the right to appoint a successor approved by Weyerhaeuser, which approval shall not be unreasonably withheld (and shall not be required if an Event of Default has occurred and is
continuing). If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent
may, on behalf of the Lenders, appoint a successor Administrative Agent which shall be a bank (which, if such bank is not a Lender, shall be subject to approval by Weyerhaeuser, which approval shall not be unreasonably withheld, and shall not be
required if an Event of Default has occurred and is continuing) with an office in New York, New York, having a combined capital and surplus of at least $500,000,000 or an Affiliate of any such bank. Upon the acceptance of any appointment as
Administrative Agent hereunder by a successor bank, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and the retiring Administrative Agent shall be discharged
from its duties and obligations hereunder. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.05 shall continue in effect for its benefit in respect of any actions taken or omitted to be
taken by it while it was acting as Administrative Agent. 
 With respect to the Loans made by it hereunder, the Administrative Agent in its
individual capacity and not as Administrative Agent shall have the same rights and powers as any other Lender and may exercise the same as though it were not the Administrative Agent, and the Administrative Agent and its Affiliates may accept
deposits from, lend money to and generally engage in any kind of business with the Borrower or any of their respective Subsidiaries or other Affiliate thereof as if it were not the Administrative Agent. 

Each of the Lenders agrees (i) to reimburse the Administrative Agent, on demand, in the amount of its pro rata share (based on its
outstanding Loans (or, if no Loans are outstanding, its Commitment hereunder)) of any reasonable out-of-pocket expenses incurred for the benefit of the Lenders by the Administrative Agent, including the fees and expenses of a single counsel and
compensation of agents and employees paid for services rendered on behalf of the Lenders which shall not have been reimbursed by the Borrower and (ii) to indemnify and hold harmless the Administrative Agent and any of its directors, officers,
employees or agents, on demand, in the amount of such pro rata share, from and against any and all losses, claims, damages, liabilities and related reasonable out-of-pocket expenses of any kind or nature whatsoever which may be imposed on, incurred
by or asserted against it in its capacity as the Administrative Agent or any of them in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted by it or any of them under this Agreement or any
other Loan Document, to the extent the same shall not have been reimbursed by the Borrower; provided that 

  
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no Lender shall be liable to the Administrative Agent for any portion of such losses, claims, damages, liabilities and related expenses resulting from the gross negligence or willful misconduct
of the Administrative Agent or any of its directors, officers, employees, or agents. 
 Each of the Lenders acknowledges that it has,
independently and without reliance upon the Administrative Agent, any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each of the Lenders
also acknowledges that it will, independently and without reliance upon the Administrative Agent, any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not taking action under or based upon this Agreement or any other Loan Document, any related agreement or any document furnished hereunder or thereunder. 

In case of the pendency of any proceeding under any debtor relief law, the Administrative Agent shall be entitled and empowered (but not
obligated) by intervention in such proceeding or otherwise (a) to file and prove a claim for the whole amount and principal and interest owing and unpaid in respect of the Loans and all other obligations that are owing and unpaid and to file
such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due to the Lenders and the Administrative Agent under
Section 2.04 and 9.05 allowed in such judicial proceeding and (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due to the
Administrative Agent under Sections 2.04 and 9.05. 
 Section 8.02 Other Agents. Each of the Lenders and the Borrower
acknowledges (A) that each of the Lead Arrangers in their capacity as Lead Arranger and Joint Book Runner do not have any responsibility, duties or liability hereunder, and (B) that the title “Lead Arranger” is purely honorary in
nature. 
 ARTICLE IX. 

MISCELLANEOUS 

Section 9.01 Notices. Notices and other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed or sent by telecopy to the address specified below, or such other address as such party shall hereafter have specified by written notice to the Administrative Agent and the Borrower: 

(a) if to the Borrower by hand or courier service, to the Borrower at 33663 Weyerhaeuser Way South, Federal Way, Washington, or
by facsimile to (253) 924-3543, in each case to the Attention of Vice President and Treasurer with a copy to Secretary; 

  
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 (b) if to the Administrative Agent or a Lender, to it at its address (or telecopy
number) set forth in Schedule 9.01 or in the Assignment and Acceptance pursuant to which such Lender became a party hereto. 
 Notices and
other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article
II unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower may, in their discretion, agree to accept notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have
been given on the date of receipt if delivered by hand or overnight courier service or sent by telecopy or other telegraphic communications equipment of the sender, in each case delivered, sent or mailed (properly addressed) to such party as
provided in this Section 9.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.01. 

Section 9.02 Survival of Agreement. All covenants, agreements, representations and warranties made by the Borrower herein and in
the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lenders and shall survive the making of the Loans, regardless
of any investigation made by the Lenders or on their behalf, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any Fee or any other amount payable under this Agreement or any other Loan
Document is outstanding and unpaid and so long as the Commitments hereunder have not been terminated. 
 Section 9.03 Binding
Effect. This Agreement shall become effective when it shall have been executed by the Borrower and the Administrative Agent and when the Administrative Agent shall have received copies hereof which, when taken together, bear the signatures of
each Lender and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent, each Lender and their respective successors and assigns, except that, other than as provided in Section 6.01(c), the Borrower
shall not have the right to assign or delegate its rights or obligations hereunder or any interest herein without the prior consent of all the Lenders. 

Section 9.04 Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns permitted hereby, except that, other than as provided in Section 6.01(c), the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the
prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than
the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Agreement. 

  
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 (b) Any Lender may assign to one or more assignees all or a portion of its rights
and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that (i) except in the case of an assignment to a Lender or a Lender Affiliate, the Borrower must give
its prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed), (ii) the Administrative Agent must give its prior written consent to such assignment (which consent shall not be unreasonably withheld
or delayed), (iii) except in the case of an assignment to a Lender or a Lender Affiliate or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loan, the amount of the Commitment and/or Loan of the
assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the Borrower and the
Administrative Agent otherwise consent, (iv) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement, (v) the parties to each assignment
shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500, and (vi) the assignee, if it shall not be a Lender prior to such assignment, shall deliver to the
Administrative Agent an Administrative Questionnaire; and provided further that any consent of the Borrower otherwise required under this paragraph shall not be required if a Default or Event of Default has occurred and is continuing.
Subject to acceptance and recording thereof pursuant to paragraph (d) of this Section, from and after the effective date specified in each Assignment and Acceptance the assignee thereunder shall be a party hereto and, to the extent of the
interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released
from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to
be entitled to the benefits of Sections 2.11, 2.13, 2.17 and 9.05). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a
sale by such Lender of a participation in such rights and obligations in accordance with paragraph (e) of this Section. Notwithstanding the foregoing, no assignment or participation shall be made to a natural person or the Borrower or any
Affiliate of the Borrower. 
 (c) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices in The City of New York a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount (and stated
interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive (absent manifest error), and the Borrower, the Administrative Agent and
the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection
by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

  
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 (d) Upon its receipt of a duly completed Assignment and Acceptance executed by an
assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any
written consent to such assignment required by paragraph (b) of this Section, if any, the Administrative Agent shall accept such Assignment and Acceptance and record the information contained therein in the Register. No assignment shall be
effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 
 (e)
Any Lender may, without the consent of the Borrower or any other Lender, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or
waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso
to Section 9.08(b) that affects such Participant. Subject to paragraph (g) of this Section, the Borrower agree that each Participant shall be entitled to the benefits of, and subject to the limitations of, Sections 2.11, 2.13 and 2.17 to
the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.06 as though
it were a Lender, provided such Participant agrees to be subject to Section 2.15 as though it were a Lender. Each Lender that sells a participation, acting solely for this purpose as an non-fiduciary agent of the Borrower, shall maintain a
register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under this Agreement (the “Participant
Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s
interest in any Commitments, Loans or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under
Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive (absent manifest error), and such Lender, the Borrower and the Administrative Agent shall treat each person whose name is
recorded in the Participant Register pursuant to the terms hereof as the owner of such participation for all purposes of this Agreement, notwithstanding notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as
Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

  
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 (f) Notwithstanding anything in Section 9.04 to the contrary, any bank that
is a member of the Farm Credit System that (a) has purchased a participation in the minimum amount of $10,000,000 on or after the Effective Date, (b) is, by written notice to Weyerhaeuser and the Administrative Agent (“Voting
Participant Notification”), designated by the selling Lender as being entitled to be accorded the rights of a Voting Participant hereunder (any bank that is a member of the Farm Credit System so designated being called a “Voting
Participant”) and (c) receives the prior written consent of Weyerhaeuser and the Administrative Agent to become a Voting Participant (to the extent such consent would be required pursuant to Section 9.04(b) if such transfer were
an assignment rather than a sale of a participation), shall be entitled to vote (and the voting rights of the selling Lender shall be correspondingly reduced), on a dollar for dollar basis, as if such participant were a Lender, on any matter
requiring or allowing a Lender to provide or withhold its consent, or to otherwise vote on any proposed action. To be effective, each Voting Participant Notification shall, with respect to any Voting Participant, (i) state the full name, as
well as all contact information required of an assignee as set forth in Exhibit C hereto and (ii) state the dollar amount of the participation purchased. The Borrower and the Administrative Agent shall be entitled to conclusively rely on
information contained in notices delivered pursuant to this paragraph. Notwithstanding the foregoing, each bank or other lending institution that is a member of the Farm Credit System designated as a Voting Participant in Schedule 9.04(f) hereto
shall be a Voting Participant without delivery of a Voting Participant Notification and without the prior written consent of the Borrower and the Administrative Agent. 

(g) A Participant shall not be entitled to receive any greater payment under Section 2.11 or 2.17 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’ prior written consent. No Participant shall be entitled
to the benefits of Section 2.17 unless such Participant complies with Section 2.17(g) and (j) as if it were a Lender. 

(h) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
and the other Loan Documents (including, without limitation, any notes held by it pursuant to Section 2.05(e)) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, without
notice to, or consent of the Borrower or the Administrative Agent, and this Section 9.04 shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall
release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(i) Weyerhaeuser authorizes each Lender to disclose to any Participant or assignee and any prospective Participant or assignee
any and all financial information in such Lender’s possession concerning Weyerhaeuser or any Subsidiary of Weyerhaeuser which has been delivered to such Lender by the Borrower pursuant to this Agreement or

  
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which has been delivered to such Lender by the Borrower in connection with such Lender’s credit evaluation of the Borrower prior to entering into this Agreement; provided that such
Participant or assignee or prospective Participant or assignee agrees to treat any such information which is not public as confidential in accordance with the terms of the Agreement. 

Section 9.05 Expenses; Indemnity. (a) The Borrower agrees to pay all reasonable out-of-pocket expenses incurred by the
Administrative Agent in connection with the preparation of this Agreement and the other Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions hereby
contemplated shall be consummated) or incurred by the Administrative Agent or any Lender in connection with the enforcement or protection of their rights in connection with this Agreement and the other Loan Documents or in connection with the Loans
made, including the fees and disbursements of Moore & Van Allen, PLLC, special counsel for the Administrative Agent, and, in connection with any such amendment, modification or waiver made in connection with any such enforcement or
protection, the fees and disbursements of any other counsel for the Administrative Agent or any Lender. The Borrower further agrees that it shall indemnify the Lenders from and hold them harmless against any documentary taxes, assessments or charges
made by any Governmental Authority by reason of the execution and delivery of this Agreement or any of the other Loan Documents. 

(b) The Borrower will indemnify the Administrative Agent, each Lender and the Related Parties of each of the foregoing (each
such person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees and expenses, incurred by or
asserted against any Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery by the Borrower of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or
thereby, the performance by the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated hereby and thereby, (ii) the use of the proceeds of the Loans by the
Borrower or (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the
extent that such losses, claims, damages, liabilities or related expenses have resulted from the gross negligence or willful misconduct of such Indemnitee or any of its controlled Related Parties, in each case as determined by a final, nonappealable
judgment of a court of competent jurisdiction. 
 (c) It is understood and agreed that, to the extent not precluded by a
conflict of interest, each Indemnitee shall endeavor to work cooperatively with Weyerhaeuser with a view toward minimizing the legal and other expenses associated with any defense and any potential settlement or judgment. To the extent reasonably
practicable and not disadvantageous to any Indemnitee, it is anticipated that a single counsel selected by Weyerhaeuser may be used. Settlement of any claim or litigation involving any material indemnified amount will require the approval of
Weyerhaeuser (not to be unreasonably withheld). 

  
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 (d) The provisions of this Section 9.05 shall remain operative and in full
force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the invalidity or unenforceability of any term or provision of this Agreement
or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any Lender. All amounts due under this Section 9.05 shall be payable on written demand therefor. 

(e) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any
Indemnitee on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, any Loan Document or any agreement or instrument
contemplated thereby, any Loan or the use of the proceeds thereof. 
 Section 9.06 Right of Setoff. If any Event of Default
shall have occurred and be continuing, each Lender is hereby authorized at any time and from time to time, without notice to the Borrower (any such notice being expressly waived by the Borrower), to the fullest extent permitted by law, to set off
and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or any of its Affiliates to or for the credit or the account of the Borrower against
any of and all the obligations of the Borrower now or hereafter existing under this Agreement and any other Loan Documents held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or such other
Loan Document and although such obligations may be unmatured. The rights of each Lender under this Section 9.06 are in addition to other rights and remedies (including other rights of setoff) which such Lender may have. 

Section 9.07 Applicable Law. THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND THE RIGHTS AND OBLIGATIONS HEREUNDER AND THEREUNDER
OF THE PARTIES HERETO AND THERETO SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.  

Section 9.08 Waivers; Amendment. (a) No failure or delay of the Administrative Agent or any Lender in exercising any power or
right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or
the exercise of any other right or power. The rights and remedies of the Administrative Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies which they would otherwise
have. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver
or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in similar or other circumstances.

  
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 (b) Neither this Agreement nor any provision hereof may be waived, amended or
modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders; provided, however, that no such agreement shall (i) change the principal amount of, or extend the maturity of
or any date for the scheduled payment of any principal of or interest on, any Loan, or decrease the rate of interest on any Loan, without the prior written consent of each Lender affected thereby (including a Defaulting Lender, if applicable),
(ii) change the Commitment of any Lender without the prior written consent of such Lender, or (iii) amend or modify the provisions of Section 2.14, the provisions of this Section 9.08 or the definition of “Commitment
Termination Date”, “Maturity Date” or “Required Lenders,” without prior written consent of each Lender except that (A) with the consent of the Required Lenders, the provisions of Section 2.14, this Section and the
definition of “Required Lenders” may be amended to include any new class of commitments or extensions of credit thereunder created under this Agreement (or to include lenders extending such credit) on substantially the same basis as
corresponding references relating to existing commitments and extensions of credit, (B) the Borrower may request that Lenders agree to extend the Maturity Date (or other maturity date of their commitments or extensions of credit hereunder) and,
if less than all Lenders consent to any such extension, the provisions of this Agreement (including Section 2.14 and this Section) may be amended with the consent of the Required Lenders to establish separate classes of commitments and
extensions of credit thereunder (and of Lenders extending such credit) and (C) in the event any such new class or separate class of commitments or extensions or credit thereunder are established as provided in clause (A) or (B) above,
then, with the consent of the Required Lenders, the provisions of Section 2.14 may be amended to provide for borrowings, commitment reductions, borrowing conversions and payments to be made ratably by class and this Section may be amended to
provide for amendments that affect only one class of commitments and extensions of credit thereunder to be approved only by requisite lenders of such class; provided further that no such agreement shall amend, modify or otherwise
affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent. Each Lender shall be bound by any waiver, amendment or modification authorized by this Section 9.08, and any
consent by any Lender pursuant to this Section 9.08 shall bind any person subsequently acquiring a Loan from it. 
 (c)
Notwithstanding anything to the contrary herein, (i) no Defaulting Lender shall have any right to approve or disapprove any amendment, modification, supplement, waiver or consent hereunder or otherwise give any direction to the Administrative
Agent (except as provided in Section 2.19(a) and Section 9.08(b)); (ii) the Administrative Agent may, with the consent of Weyerhaeuser only, amend, modify or supplement this Agreement or any other Loan Document to cure any ambiguity,
omission, defect or inconsistency, so long as such amendment, modification or supplement does not adversely affect the rights of any Lender or the Lenders shall have received, at least five Business Days’ prior written notice thereof and the
Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment; and (iii) any agreement of
the Required Lenders to forbear (and/or direction to the Administrative Agent to forbear) from exercising any of their rights and remedies upon a Default or Event of Default shall be effective without the consent of the Administrative Agent or any
other Lender. 

  
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 (d) In addition, notwithstanding the foregoing, this Agreement may be amended (or
amended and restated) with the written consent of the Required Lenders, the Administrative Agent and Weyerhaeuser (i) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time
outstanding thereunder and the accrued interest and fees in respect thereof to share in the benefits of this Agreement and the other Loan Documents with the Loans and the accrued interest and fees in respect thereof and (ii) to include
appropriately the Lenders holding such credit facilities in any determination of the Required Lenders; provided that, no Lender shall be obligated to commit to or hold any part of such credit facilities. 

Section 9.09 Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the applicable interest
rate, together with all fees and charges which are treated as interest under applicable law (collectively the “Charges”), as provided for herein or in any other Loan Document, or otherwise contracted for, charged, received, taken or
reserved by any Lender, shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by such Lender in accordance with applicable law, the rate of interest payable with
respect to each Loan owing to each Lender, together with all Charges payable to such Lender, shall be limited to the Maximum Rate. 

Section 9.10 Entire Agreement. This Agreement and the other Loan Documents, the membership agreements (or similar agreements) with
the Borrower required by a Farm Credit Lender in connection with the purchase of Farm Credit Equities pursuant to Section 5.12 and the letter agreements referred to in Sections 2.04((a) and (b) (with respect to the payment of fees only)
constitute the entire contract between the parties relative to the subject matter hereof. Any previous agreement among the parties with respect to the subject matter hereof is superseded by this Agreement and the other Loan Documents. Nothing in
this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any party other than the parties hereto and thereto any rights, remedies, obligations or liabilities under or by reason of this Agreement or the other
Loan Documents. 
 Section 9.11 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.11. 

  
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 Section 9.12 Severability. In the event any one or more of the provisions contained
in this Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or
impaired thereby. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions. 
 Section 9.13 Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall constitute an original but all of which when taken together shall constitute but one contract, and shall become effective as provided in Section 9.03. Delivery of an executed signature page of this Agreement by email or facsimile
transmission shall be effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. 

Section 9.14 Headings. The cover page, the Article and Section headings and the Table of Contents used herein are for convenience
of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

Section 9.15 Jurisdiction; Consent to Service of Process. i) The Borrower hereby irrevocably and unconditionally submits, for
itself and its property, to the exclusive jurisdiction of any New York State court or the courts of the United States for the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement or the other Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding shall
be heard and determined in such New York State or, to the extent permitted by law, in such court of the United States for the Southern District of New York. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any Lender or the Administrative Agent may otherwise have
to bring any action or proceeding relating to this Agreement or the other Loan Documents against the Borrower or its properties in the courts of any jurisdiction. 

(a) The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the other Loan Documents in any New York State or the courts of the United States for the Southern
District of New York. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(b) The Borrower hereby irrevocably designates, appoints and empowers CT Corporation System, Inc. presently located at 111
Eighth Avenue, New York, New York 10011, as its designee, appointee and attorney-in-fact to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and all legal process,

  
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summons, notices and documents which may be served in any such action or proceeding. If for any reason such designee, appointee and attorney-in-fact shall cease to be available to act as such,
the Borrower agrees to designate a new designee, appointee and attorney-in-fact in New York City on the terms and for purposes of this provision satisfactory to the Administrative Agent. Each party to this Agreement irrevocably consents to service
of process in the manner provided for notices in Section 9.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 9.16 Domicile of Loans. Each Lender may transfer and carry its Loans at, to or for the account of any office, subsidiary
or Affiliate of such Lender. 
 Section 9.17 Restricted and Unrestricted Subsidiaries. ii) Set forth on Schedule 3.08 is a list
of all of the Restricted Subsidiaries and Unrestricted Subsidiaries of Weyerhaeuser as of the Closing Date. 
 (a) After the
Closing Date, a Financial Officer of Weyerhaeuser may, provided that no Default or Event of Default has occurred and is continuing, designate a Restricted Subsidiary as an Unrestricted Subsidiary by notice sent to all of the Lenders, provided
that (i) no such designation shall be effective unless immediately after giving effect thereto there would exist no Default or Event of Default; (ii) any such designation shall be effective not less than five Business Days after written
notice thereof shall have been provided to each Lender; and (iii) upon such designation, Schedule 3.08 shall be deemed to be amended to reflect such designation. Any Person that becomes a Subsidiary (by formation, acquisition, merger or
otherwise) after the Closing Date shall automatically be deemed to be a Restricted Subsidiary of Weyerhaeuser as of the date it becomes a Subsidiary unless designated as an Unrestricted Subsidiary pursuant to the terms hereof. 

(b) After the Closing Date, a Financial Officer of Weyerhaeuser may, provided that no Default or Event of Default has occurred
and is continuing, designate an Unrestricted Subsidiary as a Restricted Subsidiary by notice sent to all of the Lenders, provided that (w) no such designation shall be effective unless immediately after giving effect thereto there would
exist no Default or Event of Default; (x) no such designation shall be effective unless immediately after giving effect thereto Weyerhaeuser is in compliance with Sections 6.01(d) and 6.01(e); (y) any such designation shall be effective
not less than five Business Days after written notice thereof shall have been provided to each Lender; and (z) upon such designation, Schedule 3.08 shall be deemed to be amended to reflect such designation. 

Section 9.18 USA PATRIOT Act. Each Lender subject to the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001)) (the “Act”) hereby notifies the Borrower that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and
address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Act. 

  
 65 

 Section 9.19 No Fiduciary Duty. 

The Administrative Agent, each Lender and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may
have economic interests that conflict with those of the Borrower, its stockholders and/or its affiliates. The Borrower agrees that nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship
or fiduciary or other implied duty between any Lender, on the one hand, and the Borrower, its stockholders or its affiliates, on the other. The Borrower acknowledges and agrees that (i) the transactions contemplated by the Loan Documents
(including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders, on the one hand, and the Borrower, on the other, and (ii) in connection therewith and with the process
leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of the Borrower, its stockholders or its affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with
respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise the Borrower, its stockholders or its Affiliates on other matters) or any other obligation to the Borrower except
the obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely as principal and not as the agent or fiduciary of the Borrower, its management, stockholders, creditors or any other Person. The Borrower
acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading
thereto. The Borrower agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Borrower, in connection with such transaction or the process leading
thereto. 
 Section 9.20 Most Favored Lender. 

If at any time the Revolving Credit Agreement or the other Loan Documents (as defined in the Revolving Credit Agreement) include
(i) covenants or events of default in favor of a Lender (as defined in the Revolving Credit Agreement) that are not provided for in this Agreement or the other Loan Documents, or (ii) covenants or events of default in favor of a Lender (as
defined in the Revolving Credit Agreement) that are more restrictive than the same or similar covenants or events of default provided in this Agreement or the other Loan Documents, in each case, other than any such covenants or events of default
that specifically apply or refer to WRECO (or any other subsidiary borrower from time to time party to the Revolving Credit Agreement) and/or its subsidiaries or restricted subsidiaries (the “Most Favored Covenants”), then
(a) such additional or more restrictive covenants or events of default shall immediately and automatically be incorporated by reference in this Agreement as if set forth fully herein, mutatis mutandis, and no such provision may
thereafter be waived, amended or modified under this Agreement except pursuant to the provisions of Section 9.08, and (b) the Borrower shall promptly, and in any event within five (5) days after entering into any such Most
Favored Covenant, so advise the Administrative Agent in writing. Thereafter, upon the request of the Required Lenders, the Borrower shall enter into an amendment to this Agreement with the Administrative Agent and the Required Lenders
evidencing the incorporation of such incremental or more restrictive covenant or event of default, it being agreed that any failure to make such request or to enter into any such amendment shall in no way qualify or limit the incorporation by
reference described in clause (a) of the immediately preceding sentence. 

  
 66 

 [Signatures follow.] 

  
 67 

 IN WITNESS WHEREOF, the Borrower, the Administrative Agent and the Lenders have caused this
Agreement to be duly executed by their respective authorized officers as of the day and year first above written. 
  

			
	WEYERHAEUSER COMPANY, as Borrower
		
	By:	 	 /s/ Jeffrey W. Nitta

	Name:	 	Jeffrey W. Nitta
	Title:	 	Vice President and Treasurer

 
			
	COBANK, ACB,
	individually and as the Administrative Agent
		
	By:	 	 /s/ Michael Tousignant

	Name:	 	Michael Tousignant
	Title:	 	Vice President
	
	COBANK, ACB, as a Lead Arranger
		
	By:	 	 /s/ Michael Tousignant

	Name:	 	Michael Tousignant
	Title:	 	Vice President

 
			
	NORTHWEST FARM CREDIT SERVICES, PCA, as a Lead Arranger
		
	By:	 	 /s/ Carol L. Sobson

	Name:	 	Carol L. Sobson
	Title:	 	Vice President
	
	NORTHWEST FARM CREDIT SERVICES, PCA, as a Lender
		
	By:	 	 /s/ Carol L. Sobson

	Name:	 	Carol L. Sobson
	Title:	 	Vice President

 
			
	
	AMERICAN AGCREDIT, PCA, as a Lender
		
	By:	 	 /s/ Janice T. Thede

	Name:	 	Janice T. Thede
	Title:	 	Vice President
	  
 FARM CREDIT SERVICES OF AMERICA, PCA, as a
Lender

		
	By:	 	 /s/ Ben Fogle

	Name:	 	Ben Fogle
	Title:	 	Vice President

 SCHEDULE 2.01 

COMMITMENTS 
  

									
	 Lender
	  	Commitment	 	  	Applicable
Percentage	 
	 Northwest Farm Credit Services, PCA
	  	$	481,651,428.57	  	  	 	87.572987013	% 
	 American AgCredit, PCA
	  	$	30,377,142.86	  	  	 	5.523116883	% 
	 Farm Credit Services of America, PCA
	  	$	37,971,428.57	  	  	 	6.903896104	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	550,000,000.00	  	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 

 WEYERHAEUSER COMPANY AND SUBSIDIARIES 

 

							
	 Name
	  	State or
Country of
Incorporation	  	Percentage
Ownership of
Immediate
Parent	 
	 Weyerhaeuser Columbia Holding Co., LLC
	  	Delaware	  	 	96	  
	 Longview Timber LLC
	  	Delaware	  	 	99	  
	 Longview Fibre Company
	  	Washington	  	 	100	  
	 Longview Timberlands LLC
	  	Delaware	  	 	99	  
	 Longview Timber, Corp.
	  	Delaware	  	 	100	  
	 Longview Timberlands LLC
	  	Delaware	  	 	1	  
	 Weyerhaeuser NR Company
	  	Washington	  	 	100	  
	 Jasmine Forests, LLC*
	  	Delaware	  	 	100	  
	 Jewel Forests, LLC*
	  	Delaware	  	 	100	  
	 Longview Timber LLC
	  	Delaware	  	 	1	  
	 North Pacific Paper Corporation*
	  	Delaware	  	 	50	  
	 Norpac Resources LLC
	  	Delaware	  	 	100	  
	 ver Bes’ Insurance Company
	  	Vermont	  	 	100	  
	 Weyerhaeuser Asset Management LLC
	  	Delaware	  	 	100	  
	 Weyerhaeuser Biofuels LLC
	  	Washington	  	 	100	  
	 Catchlight Energy LLC*
	  	Delaware	  	 	50	  
	 Weyerhaeuser Columbia Holding Co., LLC
	  	Delaware	  	 	4	  
	 Weyerhaeuser Employment Services Company
	  	Washington	  	 	100	  
	 Weyerhaeuser EU Holdings, Inc.
	  	Delaware	  	 	100	  
	 Weyerhaeuser Poland sp. z o.o.
	  	Poland	  	 	100	  
	 Weyerhaeuser Solutions, Inc.
	  	Washington	  	 	100	  
	 Weyerhaeuser Solutions Do Brasil Servicos De Consultoria Ltda.
	  	Brazil	  	 	100	  
	 Weyerhaeuser Solutions Brazil LLC
	  	Washington	  	 	100	  
	 Weyerhaeuser Solutions China LLC
	  	Washington	  	 	100	  
	 Weyerhaeuser Global Finance Company
	  	Oregon	  	 	100	  
	 Weyerhaeuser International, Inc.
	  	Washington	  	 	100	  

							
	 Weyerhaeuser (Asia) Limited
	  	Hong Kong	  	 	100	  
	 Weyerhaeuser Brasil Participações Ltda.
	  	Brazil	  	 	100	  
	 Bahia Produtos de Madeira S.A.
	  	Brazil	  	 	66-2/3	  
	 Weyerhaeuser China, Ltd.
	  	Washington	  	 	100	  
	 Weyerhaeuser Company Limited
	  	Canada	  	 	100	  
	 317298 Saskatchewan Ltd.
	  	Saskatchewan	  	 	100	  
	 Weyerhaeuser (Annacis) Limited
	  	British Columbia	  	 	100	  
	 Weyerhaeuser (Barbados) SRL
	  	Barbados	  	 	100	  
	 Weyerhaeuser (St. Michael) SRL
	  	Barbados	  	 	100	  
	 Weyerhaeuser (Carlisle) Ltd.
	  	Barbados	  	 	100	  
	 Camarin Limited
	  	Barbados	  	 	100	  
	 Weyerhaeuser Services Limited
	  	British Columbia	  	 	100	  
	 Weyerhaeuser International Holdings Limited
	  	British Virgin Islands	  	 	100	  
	 Colonvade S.A.
	  	Uruguay	  	 	100	  
	 Vandora S.A.
	  	Uruguay	  	 	100	  
	 Weyerhaeuser Productos, S.A.
	  	Uruguay	  	 	100	  
	 Weyerhaeuser Holdings Limited
	  	British Columbia	  	 	100	  
	 Weyerhaeuser (Hong Kong) Limited
	  	Hong Kong	  	 	100	  
	 Weyerhaeuser Forestry Consultancy (Shanghai) Co., Ltd.
	  	China	  	 	100	  
	 Weyerhaeuser Forestry (Hong Kong) Limited
	  	Hong Kong	  	 	100	  
	 Weyerhaeuser Forestry (Xiamen) Co., Ltd.
	  	China	  	 	100	  
	 Weyerhaeuser Japan Ltd.
	  	Japan	  	 	100	  
	 Weyerhaeuser Japan Ltd.
	  	Delaware	  	 	100	  
	 Weyerhaeuser Korea Ltd.
	  	Korea	  	 	100	  
	 Weyerhaeuser New Zealand Holdings Inc.
	  	New Zealand	  	 	100	  
	 Nelson Forest Products Company
	  	New Zealand	  	 	100	  
	 Weyerhaeuser Products Limited
	  	United Kingdom	  	 	100	  
	 Weyerhaeuser Taiwan Ltd.
	  	Delaware	  	 	100	  
	 Weyerhaeuser Real Estate Company*
	  	Washington	  	 	100	  
	 Maracay Homes, LLC*
	  	Arizona	  	 	100	  
	 Maracay 56, LLC*
	  	Arizona	  	 	100	  

							
	 Maracay 63rd, LLC*
	  	Arizona	  	 	100	  
	 Maracay 75, LLC*
	  	Arizona	  	 	100	  
	 Maracay 83, LLC*
	  	Arizona	  	 	100	  
	 Maracay 91, LLC*
	  	Arizona	  	 	100	  
	 Maracay 118, LLC*
	  	Arizona	  	 	100	  
	 Maracay 2012, LLC*
	  	Arizona	  	 	100	  
	 Maracay AMR, LLC*
	  	Arizona	  	 	100	  
	 Maracay Ashler Hills, LLC*
	  	Arizona	  	 	100	  
	 Maracay Bethany Estates, LLC*
	  	Arizona	  	 	100	  
	 Maracay Bethany Estates II, LLC*
	  	Arizona	  	 	100	  
	 Maracay Bridges, LLC*
	  	Arizona	  	 	100	  
	 Maracay Brooks, LLC*
	  	Arizona	  	 	100	  
	 Maracay Construction, LLC*
	  	Arizona	  	 	100	  
	 Maracay Cooper Commons, LLC*
	  	Arizona	  	 	100	  
	 Maracay Cooper Ranch, LLC*
	  	Arizona	  	 	100	  
	 Maracay Cotton Commons, LLC*
	  	Arizona	  	 	100	  
	 Maracay Crismon, LLC*
	  	Arizona	  	 	100	  
	 Maracay Desert Parks, LLC*
	  	Arizona	  	 	100	  
	 Maracay Desert Shadows, LLC*
	  	Arizona	  	 	100	  
	 Maracay Desert Shadows II, LLC*
	  	Arizona	  	 	100	  
	 Maracay Dobbins, LLC*
	  	Arizona	  	 	100	  
	 Maracay DVR, LLC*
	  	Arizona	  	 	100	  
	 Maracay Garden Trails, LLC*
	  	Arizona	  	 	100	  
	 Maracay Harris Park, LLC*
	  	Arizona	  	 	100	  
	 Maracay Higley, LLC*
	  	Arizona	  	 	100	  
	 Maracay Homes, LLC*
	  	Arizona	  	 	100	  
	 Maracay Ironwood, LLC*
	  	Arizona	  	 	100	  
			
	 Maracay Landmark, LLC*
	  	Arizona	  	 	100	  
	 Maracay Las Casitas, LLC*
	  	Arizona	  	 	100	  
	 Maracay Lindsay Crossing, LLC*
	  	Arizona	  	 	100	  

							
	 Maracay McQueen, LLC*
	  	Arizona	  	 	100	  
	 Maracay Ocotillo Landing, LLC*
	  	Arizona	  	 	100	  
	 Maracay Palm Valley, LLC*
	  	Arizona	  	 	100	  
	 Maracay Parks, LLC*
	  	Arizona	  	 	100	  
	 Maracay Pecos Vista, LLC*
	  	Arizona	  	 	100	  
	 Maracay Pecos Vista II, LLC*
	  	Arizona	  	 	100	  
	 Maracay Preserve, LLC*
	  	Arizona	  	 	100	  
	 Maracay Pyramid, LLC*
	  	Arizona	  	 	100	  
	 Maracay Pyramid II, LLC*
	  	Arizona	  	 	100	  
	 Maracay Rancho, LLC*
	  	Arizona	  	 	100	  
	 Maracay Rancho Sahuarita, LLC*
	  	Arizona	  	 	100	  
	 Maracay Realty, LLC*
	  	Arizona	  	 	100	  
	 Maracay Riggs, LLC*
	  	Arizona	  	 	100	  
	 Maracay Rio Rancho, LLC*
	  	Arizona	  	 	100	  
	 Maracay San Tan, LLC*
	  	Arizona	  	 	100	  
	 Maracay Sienna Manor, LLC*
	  	Arizona	  	 	100	  
	 Maracay Sienna Vista, LLC*
	  	Arizona	  	 	100	  
	 Maracay Skyview, LLC*
	  	Arizona	  	 	100	  
	 Maracay Sonoran Foothills, LLC*
	  	Arizona	  	 	100	  
	 Maracay Sonoran Hills, LLC*
	  	Arizona	  	 	100	  
	 Maracay Sonoran Mountain, LLC*
	  	Arizona	  	 	100	  
	 Maracay Stonecliffe, LLC*
	  	Arizona	  	 	100	  
	 Maracay Tatum Ranch, LLC*
	  	Arizona	  	 	100	  
	 Maracay Thunderbird, LLC*
	  	Arizona	  	 	100	  
	 Maracay Trails, LLC*
	  	Arizona	  	 	100	  
	 Maracay Tramonto, LLC*
	  	Arizona	  	 	100	  
	 Maracay Villas Boulders, LLC*
	  	Arizona	  	 	100	  
	 Maracay Vistancia, LLC*
	  	Arizona	  	 	100	  
	 Maracay Vistancia II, LLC*
	  	Arizona	  	 	100	  
	 Maracay VR, LLC*
	  	Arizona	  	 	100	  
	 Maracay WH, LLC*
	  	Arizona	  	 	100	  

							
	 Maracay White Tanks, LLC*
	  	Arizona	  	 	100	  
	 Maracay Windsong, LLC*
	  	Arizona	  	 	100	  
	 Pardee Homes*
	  	California	  	 	100	  
	 Las Positas Land Co.*
	  	California	  	 	100	  
	 Marmont Realty Company*
	  	California	  	 	100	  
	 Pardee Homes of Nevada*
	  	Nevada	  	 	100	  
	 Pardee Coyote Holdings I, LLC*
	  	Nevada	  	 	100	  
	 The Quadrant Corporation*
	  	Washington	  	 	100	  
	 Trendmaker Homes, Inc.*
	  	Texas	  	 	100	  
	 Texas Casual Cottages, LLC*
	  	Texas	  	 	100	  
	 Trendmaker Clear Lake, LLC*
	  	Texas	  	 	100	  
	 Weyerhaeuser Realty Investors, Inc.*
	  	Washington	  	 	100	  
	 Winchester Homes, Inc.*
	  	Delaware	  	 	100	  
	 Cabin Branch Commons, LLC*
	  	Maryland	  	 	100	  
	 WRECO Linear, LLC*
	  	Washington	  	 	100	  
	 Weyerhaeuser Real Estate Development Company
	  	Washington	  	 	100	  
	 WREDCO I LLC
	  	Delaware	  	 	100	  
	 WREDCO II LLC
	  	Delaware	  	 	100	  
	 Weyerhaeuser Sales Europe, Inc.
	  	Delaware	  	 	100	  
	 Weyerhaeuser SC Company
	  	Washington	  	 	100	  
	 WFS II LLC
	  	Delaware	  	 	100	  
	 Weyerhaeuser Financial Investments, Inc.
	  	Nevada	  	 	100	  
	 WY Carolina Holdings, LLC*
	  	Delaware	  	 	100	  
	 WY Georgia Holdings 2004 LLC*
	  	Delaware	  	 	100	  
	 WY Tennessee Holdings, LLC*
	  	Delaware	  	 	100	  
	 Weyerhaeuser Uruguay S.A.
	  	Uruguay	  	 	100	  

  

	*	Unrestricted Subsidiary 

 SCHEDULE 4.01(h) 

FARM CREDIT EQUITIES TO BE PURCHASED ON OR PRIOR TO CLOSING DATE 

 

			
	 Northwest Farm Credit Services, ACA:

	 Purchase Price:
	  	$1,000 (to be paid only upon request of Northwest)
	 Equity Purchased:
	  	Class A Voting Stock ($5/share par value)
	 Certificate?:
	  	No (referenced on books only)
	 Executed Agreements
	  	Membership Agreement
	 Disclosure Documents:
	  	Membership Agreement; Capitalization and Privacy Disclosure Statement
		
	 CoBank, ACB:
	  	
	 Purchase Price:
	  	$1,000
	 Equity Purchased:
	  	$1,000 worth of Class A Common Stock (non-voting; $100/share par value). The Borrower’s capital account will grow over time, consistent with CoBank’s bylaws
	 Certificate?:
	  	No (referenced on books only)
	 Executed Agreements
	  	None
	 Disclosure Documents:
	  	Bylaws; Capital Plans; Notice to Borrower; Notice to Prospective Stockholders; Customer Privacy Card; most recent quarterly and annual reports; invoice
		
	 American AgCredit, ACA:
	  	
	 Purchase Price:
	  	$1,000
	 Equity Purchased:
	  	200 shares of Class C Common Stock (voting; $5/share par value)
	 Certificate?:
	  	No (referenced on books only)
	 Executed Agreements
	  	Membership Application
	 Disclosure Documents:
	  	Capitalization Bylaws; Notice Regarding Required Investment; Membership Application
	
	 Farm Credit Services of America, ACA:

	 Purchase Price:
	  	$1,000
	 Equity Purchased:
	  	200 shares of Class D Common Stock (voting; $5/share par value)
	 Certificate?:
	  	No (referenced on books only)
	 Executed Agreements
	  	Stock Requirements document
	 Disclosure Documents:
	  	Customer Information and Disclosure Handbook; Stock Requirements document

 SCHEDULE 4.01(h) (continued) 

[Form of] 
 Receipt and
Confirmation of Issuance of Equity 
 The undersigned issuer (“Issuer”) hereby: (i) acknowledges receipt of the
funds specified (if applicable), (ii) confirms that the named Member/Purchaser been issued the uncertificated equity interests described (the “Stock”), and (iii) confirms that such issuance has been reflected on the
appropriate books and records of Issuer. The Stock is issued pursuant to Issuer’s Bylaws and shall be subject to such Bylaws, any membership agreement executed by Member/Purchaser and applicable law. 

 

			
	Member/Purchaser:	  	Weyerhaeuser Company
		
	Issuer:	  	[name of Farm Credit Lender or relevant Affiliate]
		
	Equity Interests:	  	[Class      [voting] common stock]
		
	Amount of Equity:	  	[                 shares, par value $            /share]
		
	Funds Received:	  	[$1,000]
		
	Issue Date:	  	September     , 2013

  

			
	Acknowledged:
	
	[NAME OF FARM CREDIT LENDER OR RELEVANT AFFILIATE]

			
		
	By:	 	  

	Name:	 	
	Title:	 	

 SCHEDULE 9.01 

NOTICES 
 CoBank, ACB, as
Administrative Agent: 
 CoBank, ACB 
 5500 South Quebec
Street 
 Greenwood Village, CO 80111 
 Electronic Mail:
agencybank@cobank.com 
 Facsimile: 303-740-4100 

 EXHIBIT A-1 

FORM OF BORROWING REQUEST 
 CoBank, ACB, as
Administrative Agent 
 for the Lenders referred to below, 

Electronic Mail: agencybank@cobank.com 
 Facsimile:
303-740-4100 
 [Date] 
 Attention:
[                    ] 
 Ladies and Gentlemen: 

The undersigned, Weyerhaeuser Company, (the “Borrower”), refers to the $550,000,000 Credit Agreement dated as of
September 13, 2013 (as it may hereafter be amended, modified, extended or restated from time to time, the “Credit Agreement”), among the Borrower, the lenders party thereto from time to time and CoBank, ACB, as Administrative
Agent. Capitalized terms used herein and not otherwise defined herein shall have the meanings given such terms in the Credit Agreement. The Borrower hereby gives you notice pursuant to Section 2.02(e) of the Credit Agreement that it requests a
Borrowing under the Credit Agreement, and in that connection sets forth below the terms on which such Borrowing is requested to be made: 
  

							
	(A)	  	Date of Borrowing (which is a Business Day)	  	  
	  	
				
	(B)	  	Principal Amount of Borrowing1	  	  
	  	
				
	(C)	  	Interest rate basis2	  	  
	  	
				
	(D)	  	Interest Period and the last day thereof3	  	  
	  	

 Upon acceptance of any or all of the Loans offered by the Lenders in response to this request, the Borrower shall be deemed to
have represented and warranted that the conditions to lending specified in Sections 4.02(b) and (d) of the Credit Agreement have been satisfied. 
  

 

	1 	Not less than $5,000,000 and in integral multiples of $1,000,000 in excess thereof (or an aggregate principal amount equal to the remaining balance of the available Commitments) or greater than the Total Commitment then
available. 

	2 	Eurodollar Loan, Base Rate Loan or Quoted Rate Loan. 

	3 	Which shall be subject to the definition of “Interest Period” and end not later than the then existing Maturity Date. 

  
 A-1-1 

 
			
	Very truly yours,
	
	 WEYERHAEUSER COMPANY,
 as
Borrower,

		
	By:	 	  

	Name:	 	
	Title:	 	

  
 A-1-2 

 EXHIBIT A-2 

FORM OF QUOTED RATE REQUEST 
 CoBank, ACB, 

as Administrative Agent 
 Electronic Mail:
agencybank@cobank.com 
 Facsimile: 303-740-4100 

[Date] 
 Attention: Agency Department 

Ladies and Gentlemen: 
 The undersigned,
Weyerhaeuser Company, (the “Borrower”), refers to the $550,000,000 Credit Agreement dated as of September 13, 2013 (as it may hereafter be amended, modified, extended or restated from time to time, the “Credit
Agreement”), among the Borrower, the lenders party thereto from time to time and CoBank, ACB, as Administrative Agent and hereby requests that the Administrative Agent provide a Quoted Rate for a proposed Quoted Rate Borrowing under the
Credit Agreement, and in that connection sets forth below the information relating to such proposed Borrowing (the “Proposed Borrowing”) as required by Section 2.02(d) of the Credit Agreement: 

(i) The Business Day of the Proposed Borrowing is             ,
20    . 
 (ii) The aggregate amount of the Proposed Borrowing is $         .

 (iii) The initial Interest Period for each Quoted Rate Borrowing made as part of the Proposed Borrowing
is                    . 
 [(iv) Instead
of the Administrative Agent’s delivering a Quoted Rate for the Proposed Borrowing on the next Business Day after the date hereof, the undersigned requests that the Administrative Agent provide a Quoted Rate for the Proposed Borrowing by no
later than                     .4] 

 
  

	4 	Include clause (iv) only if the Quoted Rate is requested to be provided other than on the next Business Day after this request. 

  
 A-2-1 

 
			
	Very truly yours,
	
	Weyerhaeuser Company
		
	By	 	  

	Name:	 	
	Title:	 	

  
 A-2-2 

 EXHIBIT A-3 

FORM OF QUOTED RATE QUOTE 
 Weyerhaeuser Company

 33663 Weyerhaeuser Way South 
 Federal Way, Washington 98001

 Attention: [                    ]

 [Date] 
 Ladies and Gentlemen: 

CoBank, ACB ,as Administrative Agent, refers to the Credit Agreement, dated as of September 13, 2013 (as amended or modified from time to
time, the “Credit Agreement”, the terms defined therein being used herein as therein defined), Weyerhaeuser Company (the “Borrower”), certain Lenders parties thereto, and CoBank, ACB, as Administrative Agent for
said Lenders. 
 In response to the Borrower’s request for a Quoted Rate for a proposed Quoted Rated Borrowing under the Credit
Agreement, (the “Proposed Borrowing”), CoBank, ACB, as Administrative Agent, hereby notifies the Borrower as required by Section 2.02(d) of the Credit Agreement of the following Quoted Rate for the following Proposed
Borrowing: 
  

											
	 Date of Borrowing
	  	 Aggregate Amount
	 	  	 Interest Period
	  	 Quoted Rate
	 
	             , 20    
	  	$	            	  	  		  	 	    	% 

  
 A-3-1 

 
					
	Very truly yours,
		
		 	COBANK, ACB, as Administrative Agent
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 A-3-2 

 EXHIBIT A-4 

FORM OF QUOTED RATE ACCEPTANCE/NOTICE OF QUOTED RATE BORROWING 

CoBank, ACB, 
 as Administrative Agent 

Electronic Mail: agencybank@cobank.com 
 Facsimile:
303-740-4100 
 [Date] 
 Attention: Agency
Department 
 Ladies and Gentlemen: 
 The
undersigned, Weyerhaeuser Company, refers to the Credit Agreement, dated as of September 13, 2013 (as amended or modified from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein
defined), Weyerhaeuser Company (the “Borrower”), certain Lenders parties thereto, and CoBank, ACB, as Administrative Agent for said Lenders, and hereby accepts the Administrative Agent’s proposed Quoted Rate Quote attached
hereto as Exhibit A for the proposed Quoted Rate Borrowing under the Credit Agreement described in Exhibit A, and in that connection acknowledges that such acceptance is deemed a notice for a Quoted Rate Borrowing and sets forth below
the remittance instructions for such Quoted Rate Borrowing as required by Section 2.02(d) of the Credit Agreement: 
 Proceeds of the Quoted
Rate Borrowing are to be wire – transferred in accordance with the following instructions: 
  

 
  

 
  

 

  
 A-4-1 

 The undersigned hereby certifies that, as of the Quoted Rate Borrowing described on Exhibit A for which the
Administrative Agent’s Quoted Rate is herein accepted, all the applicable conditions contained in Section 4.02 of the Credit Agreement have been satisfied (or waived pursuant to Section 9.08 of the Credit Agreement). 

 

			
	
	Very truly yours,
	
	Weyerhaeuser Company
		
	By	 	  

	Name:	 	
	Title:	 	

 By its signature below, CoBank, ACB, as Administrative Agent, hereby confirms the Borrower’s acceptance of the
Quoted Rate set forth above: 
  

			
	
	Confirmed:
	
	COBANK, ACB, as Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 A-4-2 

 EXHIBIT B 

FORM OF ADMINISTRATIVE QUESTIONNAIRE 

Weyerhaeuser Company 
  

									
	Agent	  	CoBank, ACB	  		  	Closing Contact:	  	
					
	Address:	  	  
	  		  		  	  

		  	  
	  		  	Telephone:	  	  

		  	  
	  		  	Facsimile:	  	  

		  	  
	  		  	E-mail:	  	  

		  	  
	  		  		  	
		  	  
	  		  		  	

  

It is very important that all of the requested information be completed accurately and that this questionnaire be returned
promptly. If your institution is sub-allocating its allocation, please fill out an administrative questionnaire for each legal entity. 

 Legal Name
of Lender to appear in Documentation: 
  
  

Tax ID
Number:                                       
                                         
                                         
            
 Signature Block
Information:                                       
                                         
                                 

 

									
	 •   Signing Credit Agreement
	  	  

Yes     
  
	  		  	  

No    
  
	  	
		  		  		  		  	
	 •   Coming in via Assignment
	  	  

Yes     
  
	  		  	  

No    
  
	  	

 Type of Lender: 
 Bank  ̈Asset Manager  ̈Broker/Dealer  ̈CLO/CDO  ̈Finance Company  ̈Hedge Fund  ̈Insurance  ̈Mutual Fund  ̈Pension Fund  ̈Other Regulated Investment Fund  ̈Special Purpose Vehicle  ̈ Other-please specify)  ̈ 

Lender Parent:                      
                                         
                                         
                                         
                                         
       
  

					
	Domestic Address	 		  	Eurodollar Address
	  
	 		  	  

	  
	 		  	  

	  
	 		  	  

  
 B-1 

	
	Contacts/Notification Methods: Borrowings, Paydowns, Interest, Fees, etc.

  

							
	  	  	 Primary Credit Contact
	  	  	  	 Secondary Credit Contact

	
	Syndicate-level information (which may contain material non-public information about the Borrower and its related parties or their respective securities) will be made available to the Credit Contact(s). The Credit
Contacts identified must be able to receive such information in accordance with his/her institution’s compliance procedures and applicable laws, including Federal and state securities laws.
				
	 Name:
	  	  
	  		  	  

	 Company:
	  	  
	  		  	  

	 Title:
	  	  
	  		  	  

	 Address:
	  	  
	  		  	  

		  	  
	  		  	  

	 Telephone:
	  	  
	  		  	  

	 Facsimile:
	  	  
	  		  	  

	 E-Mail Address:
	  	  
	  		  	  

				
	 	  	 Primary Credit Contact
	  	  	  	 Secondary Credit Contact

	 Name:
	  	  
	  		  	  

	 Company:
	  	  
	  		  	  

	 Title:
	  	  
	  		  	  

	 Address:
	  	  
	  		  	  

		  	  
	  		  	  

	 Telephone:
	  	  
	  		  	  

	 Facsimile:
	  	  
	  		  	  

	 E-Mail Address:
	  	  
	  		  	  

  
 B-2 

	
	 Lender’s Domestic Wire

Instructions

  

			
	Bank Name:	 	  

	ABA/Routing No.:	 	  

	Account Name:	 	  

	Account No.:	 	  

	FFC Account Name:	 	  

	FFC Account No.:	 	  

	Attention:	 	  

	Reference:	 	  

  

	
	 Lender’s Foreign Wire

Instructions

  

			
	Currency:	 	  

	Bank Name:	 	  

	Swift/Routing No.:	 	  

	Account Name:	 	  

	Account No.:	 	  

	FFC Account Name:	 	  

	FFC Account No.:	 	  

	Attention:	 	  

	 Reference:
	 	  

  
 B-3 

	
	Agent’s Wire Instructions

  

			
	Bank Name:	 	 CoBank, ACB

	ABA/Routing No.:	 	  

	Account Name:	 	  

	Account No.:	 	  

	FFC Account Name:	 	  

	FFC Account No.:	 	  

	Attention:	 	  

	Reference:	 	  

  
 B-4 

							
	Tax Documents	 		 		 	

 NON-U.S. LENDER INSTITUTIONS: 

I. Corporations: 
 If your institution is
incorporated outside of the United States for U.S. federal income tax purposes, and is the beneficial owner of the interest and other income it receives, you must complete one of the following three tax forms, as applicable to your institution:
a.) Form W-8BEN (Certificate of Foreign Status of Beneficial Owner), b.) Form W-8ECI (Income Effectively Connected to a U.S. Trade or Business), or c.) Form W-8EXP
(Certificate of Foreign Government or Governmental Agency). 
 A U.S. taxpayer identification number is required for any institution submitting Form
W-8ECI. It is also required on Form W-8BEN for certain institutions claiming the benefits of a tax treaty with the U.S. Please refer to the instructions when completing the form applicable to your institution. In addition, please be advised that
U.S. tax regulations do not permit the acceptance of faxed forms. An original tax form must be submitted.  
 II. Flow-Through Entities:

 If your institution is organized outside the U.S., and is classified for U.S. federal income tax purposes as either a Partnership, Trust,
Qualified or Non-Qualified Intermediary, or other non-U.S. flow-through entity, an original Form W-8IMY (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax
Withholding) must be completed by the intermediary together with a withholding statement. Flow-through entities other than Qualified Intermediaries are required to include tax forms for each of the underlying beneficial owners. 

Please refer to the instructions when completing this form. In addition, please be advised that U.S. tax regulations do not permit the acceptance of faxed
forms. Original tax form(s) must be submitted.  
 U.S. LENDER INSTITUTIONS: 

If your institution is incorporated or organized within the United States, you must complete and return Form W-9 (Request for Taxpayer Identification Number
and Certification). Please be advised that we request that you submit an original Form W-9.  
 Pursuant to the language contained in the
tax section of the Credit Agreement, the applicable tax form for your institution must be completed and returned prior to the first payment of income. Failure to provide the proper tax form when requested may subject your institution to U.S. tax
withholding. 

  
 B-5 

 EXHIBIT C 

[FORM OF] 
 ASSIGNMENT AND
ACCEPTANCE 
 Reference is made to the $550,000,000 Credit Agreement dated as of September 13, 2013 (the “Credit
Agreement”), among Weyerhaeuser Company, a Washington corporation (the “Borrower”), the lenders party thereto from time to time (the “Lenders”) and CoBank ACB, as Administrative Agent. Terms defined in the
Credit Agreement are used herein with the same meanings. 
 1. The Assignor hereby sells and assigns, without recourse, to the Assignee, and
the Assignee hereby purchases and assumes, without recourse, from the Assignor, effective as of the Effective Date set forth on the Schedule attached hereto, the interests set forth on the Schedule attached hereto (the “Assigned
Interest”) in the Assignor’s rights and obligations under the Credit Agreement, including, without limitation, the interests set forth on the Schedule attached hereto in the Commitment of the Assignor on the Effective Date and the
Loans owing to the Assignor which are outstanding on the Effective Date, together with unpaid interest accrued on the assigned Loans to the Effective Date and the amount, if any, set forth on the Schedule attached hereto of the Fees accrued to the
Effective Date for the account of the Assignor. Each of the Assignor and the Assignee hereby agrees to be bound by Section 9.04 of the Credit Agreement, a copy of which has been received by each such party and the Assignor represents and
warrants that it is the legal and beneficial owner of the interest being assigned and that such interest is free and clear of any lien or adverse claim. From and after the Effective Date, (i) the Assignee shall be a party to and be bound by the
provisions of the Credit Agreement and, to the extent of the interest assigned by this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and under the Loan Documents and (ii) the Assignor shall, to the extent of
the interests assigned by this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement. 

2. This Assignment and Acceptance is being delivered to the Administrative Agent together with (i) the forms specified in
Section 2.17(g) and (j) of the Credit Agreement, duly completed and executed by such Assignee, (ii) if the Assignee is not already a Lender under the Credit Agreement, an Administrative Questionnaire in the form of Exhibit B to the
Credit Agreement and (iii) a processing and recordation fee of $3,500. 
 3. This Assignment and Acceptance shall be governed by and
construed in accordance with the laws of the State of New York. 
  

			
	Date of Assignment:	 	                                    
                                
                

  
 C-1 

									
	The terms set forth above and on the Schedule attached hereto are hereby agreed to:	 		 	Accepted:
			
	                    , as Assignor,	 		 	CoBank, ACB, as Administrative Agent
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	                    , as Assignee	 		 	Weyerhaeuser Company, as Borrower
					
		 		 		 	By:	 	  

	By:	 	  
	 		 	Name:	 	
	Name:	 		 		 	Title:	 	
	Title:	 		 		 		 	

  
 C-2 

 EXHIBIT C 

Schedule to Assignment and Acceptance 
  

					
	Legal Name of Assignor:	 		 	  

			
	Legal Name of Assignee:	 		 	  

			
	Assignee’s Address for Notices:	 		 	  

  

					
	 Effective Date of Assignment
(may not be fewer than 5 Business Days after the Date of Assignment, unless waived by the
Administrative Agent):
	 		 	  

  

									
	 Facility
	 	Principal Amount Assigned	 	 	Percentage Assigned of
Commitment thereunder
(set
forth, to at least 8 decimals) as
a percentage of the aggregate
Commitments of all Lenders
thereunder	 
	 Loans:
	 	 	$                                   
     	  	 	 	 	% 
			
	 Commitments:
	 	 	$                                   
     	  	 	 	 	% 
			
	 Fees Assigned (if any):
	 	 	$                                   
     	  	 	 	 	% 

  
 C-3 

 EXHIBIT D-1 

FORM OF CERTIFICATION OF FINANCIAL STATEMENTS 

This is to certify that the consolidated statements attached hereto required by Section 5.04 of the $550,000,000 Credit Agreement dated
as of September 13, 2013 by and among Weyerhaeuser Company, the Lenders party thereto from time to time, CoBank, ACB as Administrative Agent (the “Credit Agreement”; capitalized terms used herein without definition shall have
the meanings given them in the Credit Agreement), fairly present the financial position and results of operations of Weyerhaeuser Company and its consolidated Subsidiaries as of
            , 20     and for the period then ended on a consolidated basis in accordance with GAAP consistently applied except as noted therein. 

Dated:             , 20     

 

			
	WEYERHAEUSER COMPANY
		
	By	 	  

	Name:	 	
	Title:	 	

  
 D-1 

 EXHIBIT D-2 

FORM OF COMPLIANCE CERTIFICATE 
 THE
UNDERSIGNED HEREBY CERTIFY THAT: 
 (i) We are the duly elected
                     and                      of
Weyerhaeuser Company, a Washington corporation (“Weyerhaeuser”); 
 (ii) We have reviewed the terms of the
$550,000,000 Credit Agreement dated as of September 13. 2013, by and among Weyerhaeuser, the Lenders party thereto from time to time, CoBank, ACB, as Administrative Agent (the “Credit Agreement”; capitalized terms used herein
without definition shall have the meanings given them in the Credit Agreement), and we have made, or have caused to be made under our supervision, a detailed review of the transactions and conditions of Weyerhaeuser and its Subsidiaries during the
accounting period covered by the attached financial statements; and 
 (iii) [No Event of Default or Default has occurred.]
[An Event of Default or Default has occurred. [If so, specify the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto.]] 

Describe below (or in a separate attachment to this Officers’ Certificate) the exceptions, if any, to paragraph (iii) by listing, in
detail, the nature of the condition or event and the period during which it has existed: 
  

 
  

 
  

 
  

 
 The foregoing certifications,
together with the computations set forth in Attachment No. 1 hereto and the financial statements delivered with this Officers’ Certificate in support hereof, are made and delivered this      day of
            , 20     pursuant to Subsection 5.04(c) of the Credit Agreement. 
  

							
	Dated:             , 20    	 		 	WEYERHAEUSER COMPANY
				
		 		 	By	 	  

		 		 	Name:	 	
		 		 	Title:	 	
				
		 		 	By	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  
 D-2-1 

 ATTACHMENT NO. 1 TO 

COMPLIANCE CERTIFICATE FOR 

WEYERHAEUSER COMPANY AND RESTRICTED SUBSIDIARIES 

COMPLIANCE WITH COVENANTS 
 AS OF
            , 20     
 ($000’s Omitted Except Ratio
Amounts) 
 Section 6.01(d) - Debt Ratio as of             , 20    

  

	1.	Total Funded Indebtedness: 

  

	 	a.	Short Term Indebtedness (inclusive of Notes Payable and Commercial Paper) 

  

	 	b.	Current Maturities of Long Term Indebtedness and Capital Lease Obligations 

  

	 	c.	Long Term Indebtedness: 

  

	 	(1)	Senior Long Term Indebtedness 

  

	 	(2)	Capital Lease Obligations 

  

	 	(3)	Subordinated Indebtedness 

 Total Long Term Indebtedness (1+2+3)

 

	 	d.	Indebtedness of Unrestricted Subsidiaries 

  

	 	e.	Indebtedness of WRECO and its consolidated Subsidiaries 

  

	 	f.	Other Indebtedness 

 Total Funded Indebtedness (a+b+c-d-e+f) 

 

	2.	Total Adjusted Shareholders’ Interest: 

  

	 	g.	Preferred, Preference and Common Shares 

  

	 	h.	Other Capital and Retained Earnings (plus or minus) 

  

	 	i.	Treasury Stock 

  

	 	j.	Investments in Unrestricted Subsidiaries 

  

	 	k.	Investments by Weyerhaeuser and its consolidated Subsidiaries in WRECO and its consolidated Subsidiaries 

  

	 	l.	Adjustment related to impact of Accounting Standards Codification Topic 715 

Total Adjusted Shareholders’ Interest (g+h*-i-j-k+l*) 

 

	3.	Total Capitalization (1+2)

  

	4.	Actual Debt Ratio (1/3)

 Required Debt Ratio 65% 

Section 6.01(e) – Net Worth as of             , 20     

Total Adjusted Shareholders’ Interest (See item 2 above) 

Required Total Adjusted Shareholders’ Interest $[        ] 

 

	*	Adjustments pursuant to h and l may be negative or positive. 

  
 D-2-2 

 EXHIBIT E 

FORM OF PROMISSORY NOTE 

[                    ,
            ] 
 FOR VALUE RECEIVED, WEYERHAEUSER COMPANY, a Washington
corporation (the “Borrower”), hereby promises to pay to[                    ] (or its registered assigns) (the “Lender”), at the
office of CoBank, ACB (the “Agent”), [                    ] on the Maturity Date as defined in the $550,000,000 Credit Agreement dated as
of September 13, 2013 (as it may hereafter be amended, modified, extended or restated from time to time, the “Credit Agreement”), among the Borrower, the Lenders, named therein, CoBank ACB, as Administrative Agent, the aggregate
unpaid principal amount of all Loans made by the Lender to the Borrower pursuant to the Credit Agreement, in lawful money of the United States of America in same day funds, and to pay interest from the date hereof on the principal amount hereof from
time to time outstanding, in like funds, at said office, at a rate or rates per annum and payable on such dates as determined pursuant to the Credit Agreement. 

The Borrower promises to pay interest, on demand, on any overdue principal of its borrowings and, to the extent permitted by law, overdue
interest from their due dates at a rate or rates determined as set forth in the Credit Agreement. 
 The Borrower hereby waives diligence,
presentment, demand, protest and notice of any kind whatsoever. The nonexercise by the holder of any of its rights hereunder in any particular instance shall not constitute a waiver thereof in that or any subsequent instance. 

All borrowings evidenced by this Note and all payments and prepayments of the principal hereof and interest hereon and the respective dates
thereof shall be endorsed by the holder hereof on the schedule attached hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, or otherwise recorded by such holder in its internal records;
provided, however, that any failure of the holder hereof to make such a notation or any error in such notation shall not in any manner affect the obligation of the Borrower to make payments of principal and interest with respect to the
Borrower’s borrowings in accordance with the terms of this Note and the Credit Agreement. 
 This Note is one of the promissory notes
referred to in the Credit Agreement which, among other things, contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for mandatory and, in certain circumstances, optional prepayment of the principal
hereof prior to the maturity thereof and for the amendment or waiver of certain provisions of the Credit Agreement, all upon the terms and conditions therein specified. 

THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

  
 E-1 

 
			
	WEYERHAEUSER COMPANY
		
	By	 	  

	Name:	 	
	Title:	 	

  
 E-2 

 Loans and Payments 
  

											
	 Amount

and Type
 of Loan
	 	 Interest

Period
	 	 Principal
	 	 Unpaid

Interest
	 	 Name of

Principal
 Balance

of Note
	 	 Person

Making
 Notation

		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	
		 		 		 		 		 	

  
 E-3

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