Document:

EX-4.3

 Exhibit 4.3 

FLOATING RATE NOTE DUE 2020 
 THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A COMMON SAFEKEEPER OR A NOMINEE OF A COMMON SAFEKEEPER. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON
OTHER THAN THE COMMON SAFEKEEPER OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE COMMON SAFEKEEPER TO A NOMINEE OF THE COMMON SAFEKEEPER OR BY A NOMINEE OF THE COMMON
SAFEKEEPER TO THE COMMON SAFEKEEPER OR ANOTHER NOMINEE OF THE COMMON SAFEKEEPER. 
 UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
EUROCLEAR BANK, S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM (“EUROCLEAR”), AND CLEARSTREAM BANKING, SOCIÉTÉ ANONYME (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR, “EUROCLEAR /CLEARSTREAM”), TO THE COMPANY
(AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CLEARSTREAM NOMINEES LTD., AS NOMINEE OF A COMMON SAFEKEEPER (THE “COMMON SAFEKEEPER”) FOR
EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO CLEARSTREAM NOMINEES LTD. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE COMMON SAFEKEEPER), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CLEARSTREAM NOMINEES LTD., HAS AN INTEREST HEREIN. 

   

MOHAWK CAPITAL FINANCE S.A. 
  

 

€300,000,000 
 FLOATING RATE
NOTE DUE 2020 
  

			
	No. R-1	  	ISIN No. XS1823397333

 Mohawk Capital Finance S.A., a company organized under the laws of Luxembourg (herein called the
“Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby certifies that Clearstream Nominees Ltd. is entered in the Security Register as a registered holder or
registered assigns (the “Holder”) of the €300,000,000 Floating Rate Note Due 2020, and promises to pay to Clearstream Nominees Ltd., the principal sum of THREE HUNDRED MILLION EUROS (€300,000,000) on May 18, 2020, and
to pay interest thereon on each Floating Rate Interest Payment Date at a rate per annum equal to the Applicable EURIBOR Rate from time to time in effect for each applicable Floating Rate Interest Period plus thirty (30) basis points
(0.30%) until the principal hereof is paid or made available for payment. Notwithstanding the foregoing, the minimum interest rate for this note shall at all times be no less than 0.00% per annum. The interest so payable, and punctually paid or duly
provided for, on any Floating Rate Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business of the day that is one EURIBOR
Business Day prior to the Floating Rate Interest Payment Date (each, a “Regular Record Date”); provided that the interest payable at the Floating Rate Maturity Date will be paid to the Person to whom principal is payable. Any
such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered
at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Notes not less than 10 days prior to such Special Record Date, or be paid
at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or traded, and upon such notice as may be required by such exchange or automated
quotation system, all as more fully provided in the Indenture. 
 Payments of interest on the Notes will include interest accrued to but
excluding the respective Floating Rate Interest Payment Dates. Interest on the Notes will be calculated on the Actual/360 Day count. If any Floating Rate Interest Payment Date or the Floating Rate Maturity Date falls on a day that is not a EURIBOR
Business Day, the payment of the interest and principal payable on such date will be made on the next EURIBOR Business Day (unless the next EURIBOR Business Day is in the next succeeding calendar month, in which case such Floating Rate Interest
Payment Date or the Floating Rate Maturity Date shall be the immediately preceding EURIBOR Business Day). 

  
 2 

 Payments of interest and principal, including payments made upon any redemption of the Notes,
will be made in Euros. If the Euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s control or if the Euro is no longer being used by the then-member states of the European
Monetary Union that have adopted the Euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes will be made in U.S. Dollars until
the Euro is again available to the Company or so used. In such circumstances, the amount payable on any date in Euros will be converted into U.S. Dollars on the basis of the most recently available market exchange rate for Euros. Any payment in
respect of the Notes so made in U.S. Dollars will not constitute an Event of Default under the Notes or the Indenture. In such circumstances, the amount payable on any date in Euros will be converted into U.S. Dollars on the basis of the most
recently available market exchange rate for Euros. Neither the Trustee, the Paying Agent, nor the Calculation Agent shall have any responsibility for any calculation or conversion in connection with the foregoing. Payment of interest, subject to
such surrender where applicable, (i) may be made at the Company’s option by wire transfer or by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register and (ii) in the case of
any Global Security, must be made by wire transfer at such place and to such account at a banking institution as may be designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled
thereto. 
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall
for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by
the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

This Note shall not be valid unless effectuated by the entity acting as the common safekeeper for Euroclear Bank SA/NV and Clearstream Banking
SA. 
 [Signatures on Next Page] 

  
 3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

							
	Dated: May 18, 2018	 		 	MOHAWK CAPITAL FINANCE S.A.
				
		 		 	By:	 	 /s/ Chris Rosselli

		 		 		 	Name: Chris Rosselli
		 		 		 	Title: Class A Director
				
		 		 	By:	 	 /s/ John Kleynhans

		 		 		 	Name: John Kleynhans
		 		 		 	Title: Class B Director

 [Notation of Guarantee and Trustee’s Certificate of Authentication Follow] 

 NOTATION OF GUARANTEE 

Mohawk Industries, Inc., a Delaware corporation (the “Guarantor”, which term includes any successor thereto under the Indenture (the
“Indenture”) referred to in the security on which this notation is endorsed (the “Security”)), has unconditionally guaranteed, pursuant to the terms of the Guarantee contained in Article XI of the Indenture, the due and punctual
payment of the principal of and any premium and interest on this Security, when and as the same shall become due and payable in accordance with the terms of this Security and the Indenture. 

The obligations of the Guarantor to the Holders of the Securities and to the Trustee pursuant to the Guarantee and the Indenture are expressly
set forth in Article XI of the Indenture and the Security. Reference is hereby made to such Article and Indenture for the precise terms of the Guarantee. 

The Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Security upon which this
notation of the Guarantee is endorsed shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized signatories. 

 

			
	MOHAWK INDUSTRIES, INC.
		
	By:	 	 /s/ Shailesh Bettadapur

		 	Name: Shailesh Bettadapur
		 	Title: Vice President and Treasurer

 CERTIFICATE OF AUTHENTICATION 

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

 

							
		 		 	U.S. BANK NATIONAL ASSOCIATION, as Trustee
				
	Dated: May 18, 2018	 		 	By:	 	 /s/ George Hogan

		 		 		 	Authorized Signatory

 
			
	CERTIFICATE OF EFFECTUATION
	
	CLEARSTREAM BANKING, SOCIETE
	ANONYME, LUXEMBOURG,
	as common safekeeper
		
	By:	 	  

		 	Authorized Signatory

 REVERSE OF FLOATING RATE NOTE DUE 2020 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to
be issued in one or more series under that certain Senior Indenture dated as of September 11, 2017, by and among the Company, as Issuer, Mohawk Industries, Inc., a Delaware corporation, as Guarantor (herein called the
“Guarantor”), and U.S. Bank National Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture (as defined below)) (the “Original
Indenture”), as supplemented by a Second Supplemental Indenture dated as of May 18, 2018 (the “Second Supplemental Indenture”; and the Original Indenture, as supplemented by the Second Supplemental Indenture, and as
further amended or supplemented from time to time, herein called the “Indenture”, which term shall have the meaning assigned to it in such instrument), among the Company, the Guarantor, the Trustee, Registrar, Transfer Agent and
Elavon Financial Services DAC, UK Branch, as initial Paying Agent and Calculation Agent, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company,
the Guarantor, the Trustee, the Registrar, the Transfer Agent, the Paying Agent and the Calculation Agent and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series designated on the face hereof (the “Notes”) which is unlimited in aggregate principal amount. 
 Elavon
Financial Services DAC, UK Branch, shall initially serve as Paying Agent and Calculation Agent with respect to the Notes, with the Place of Payment and calculation agent services for all Notes initially being the following office of the initial
Paying Agent and Calculation Agent: Fifth Floor, 125 Old Broad Street, London EC2N 1AR, United Kingdom. The Trustee shall initially serve as Transfer Agent and Registrar with respect to the Notes, and the Notes may be registered for transfer or
exchange at the office of the Registrar at Two Midtown Plaza, 1349 West Peachtree Street, Suite 1050, Atlanta, GA 30309. The Company reserves the right at any time to vary or terminate the appointment of any Paying Agent, Calculation Agent, Transfer
Agent or Registrar for the Notes, to appoint additional or other Paying Agents, Calculation Agents, Transfer Agents or Registrars for the Notes and to approve any change in the office through which any Paying Agent, Calculation Agent, Transfer Agent
or Registrar for the Notes acts. 
 The Notes are subject to redemption for tax reasons as described in Section 2.5(b) of the Second
Supplemental Indenture. Except to the extent specified in Section 2.5(b) of the Second Supplemental Indenture, the Company may not redeem the Notes. 

Additional Amounts will be paid in respect of any payments of interest or principal so that the amount a beneficial owner receives after the
imposition of withholding tax by the Relevant Jurisdiction will not be less than the amount that the beneficial owner would have received if no withholding tax had been applicable, subject to the exceptions described in Section 2.3(d) of the
Second Supplemental Indenture. 
 Upon the occurrence of a Change of Control Triggering Event (as defined in the Second Supplemental
Indenture), unless the Company has exercised its right to redeem the Notes as described in the Second Supplemental Indenture, each Holder of the Notes shall have the right to require the Company to repurchase all or a portion (equal to €100,000
or an integral multiple of 

  
 4 

 
€100,000 in excess thereof) of such Holder’s Notes as set forth in the Second Supplemental Indenture, at a purchase price equal to 101% of the principal amount thereof, plus accrued and
unpaid interest, if any, to the date of repurchase, subject to the rights of Holders of the Notes on the relevant record date to receive interest due on the relevant Floating Rate Interest Payment Date. 

If an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes may be declared due and payable in
the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the
Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each
series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and
binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

 As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute, or to order
or direct the Trustee to institute, any proceeding, judicial or otherwise, with respect to the Indenture, or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder shall have previously given the Trustee
written notice of a continuing Event of Default with respect to the Notes, the Holders of not less than 25% in aggregate principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in
respect of such Event of Default and offered the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred or reasonably probable to be incurred in compliance with such request, the
Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding and no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Outstanding Notes. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any payment
of principal hereof or premium, if any, or interest hereon on or after the respective due dates expressed or provided for herein. 
 The
payment by the Company of the principal of, premium, if any, and interest on the Notes, when and as the same become due and payable, whether at maturity, upon redemption or repurchase, by declaration of acceleration or otherwise, including any
Additional Amounts required to be paid, is unconditionally and irrevocably guaranteed by the Guarantor. 
 No reference herein to the
Indenture and no provision of the Notes or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on the Notes at the times, place and rate,
and in the coin or currency, herein prescribed. 

  
 5 

 As provided in the Indenture and subject to certain limitations therein set forth, the transfer
of this Note is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office or agency of the Company in a Place of Payment for this Note, duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Company and the Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes and of like tenor, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Notes are issuable only in registered form
without coupons in denominations of €100,000 and integral multiples of €100,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable for a like aggregate principal
amount of Notes having the same Stated Maturity and of like tenor of any authorized denominations as requested by the Holder upon surrender of the Note or Notes to be exchanged at the office or agency of the Company. 

No service charge shall be made for any such registration of transfer or exchange of the Notes, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Note for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the
Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 All terms used in this Note that are defined in the
Indenture shall have the meanings assigned to them in the Indenture. 

  
 6 

 ABBREVIATIONS 

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

							
	TEN COM -	 		 	as tenants in common	 	
				
	TEN ENT -	 		 	as tenants by the entireties	 	
				
	JT TEN -	 		 	as joint tenants with rights of survivorship and not as tenants in common	 	
				
	UNIF GIFT MIN ACT -	 		 	  
	 	Custodian for
		 		 	(Cust)	 	
				
		 		 	  
	 	
		 		 	(Minor)	 	
				
		 		 	Under Uniform Gifts to Minors Act of	 	
				
		 		 	  
	 	
		 		 	(State)	 	

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

  
 7 

 To assign this Note, fill in the following form: 

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 

 
  

(please insert Social Security or other identifying number of assignee) 

 
  
  

 
  

 
 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING
POSTAL ZIP CODE OF ASSIGNEE 
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing 

 
  
  

 
  

 
 agent to transfer said Note on the books of the
Company, with full power of substitution in the premises. 
 Dated:
                     ,          

 

	
	
	   

	

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within instrument
in every particular without alteration or enlargement, or any change whatsoever. 

  
 8 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you elect to have this Note purchased by the Company pursuant to Section 2.6 of the Second Supplemental Indenture, check this
box:  ☐ 
 If you want to elect to have only part of this Note purchased by the Company pursuant to Section 2.6 of the
Second Supplemental Indenture, state the amount in principal amount (must be at least €100,000 and integral multiples of €100,000 in excess thereof): € _________________________ 

 

					
	Date:                         	  	            Your Signature:	  	  

		  		  	(Sign exactly as your name appears on the other side of the Security)
		
	Signature Guarantee:	  	  

		  	(Signature must be guaranteed)

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations
and credit unions with membership in an approved signature guarantee medallion program), pursuant to S.E.C. Rule 17Ad-15. 

  
 9EX-10.1

 Exhibit 10.1 

Execution Version 

CatchMark Timber Operating Partnership, L.P. 

5 Concourse Parkway, Suite 2325 

Atlanta, GA 30328 
 May 14,
2018 
 Creek Pine Holdings, LLC 
 c/o CatchMark Timber
Operating Partnership, L.P. 
 5 Concourse Parkway, Suite 2325 

Atlanta, GA 30328 
 Re:   Equity Commitment
Letter 
 Ladies and Gentlemen: 

Reference is made herein to that certain Crown Pine Purchase Agreement (as amended, restated or otherwise modified from time to time pursuant
to the terms thereof, the “Purchase Agreement”), entered into concurrently herewith by and among Creek Pine Holdings, LLC, a Delaware limited liability company (“Buyer”), Crown Pine Parent, L.P., a Delaware limited
partnership (“CP Parent”), Crown Pine REIT, Inc., a Delaware corporation (“CP REIT”) and GPT1, LLC, a Delaware limited liability company (“GPT1”), and together with CP Parent and CP REIT,
collectively the “Sellers” and each a “Seller”), Crown Pine Timber 1, L.P., a Delaware limited partnership (the “Company”), pursuant to which, upon the terms and subject to the conditions set forth
therein, the Buyer will acquire from the Sellers and the Sellers will sell to the Buyer all of the issued and outstanding Partnership Interests. Each capitalized term used but not otherwise defined herein shall have the meaning ascribed to such term
in the Purchase Agreement. This letter agreement (this “Letter”) is being delivered by the Person set forth on the signature page hereto (“Investor”), in connection with the execution of the Purchase Agreement.
Buyer and Investor are collectively referred to herein as the “Parties” and each is individually referred to herein as a “Party.” 

1.    Commitment. Subject to the terms and conditions set forth herein (including, without limitation, the
conditions set forth in Section 2 below), Investor agrees that at the Closing, Investor will, or will cause one or more of its assignees permitted by the terms hereof to, directly or indirectly, contribute to Buyer an aggregate amount in
immediately available cash funds equal to $227,500,000 (such amount, as subject to adjustment below its “Commitment”) in exchange for common equity interests. The Commitment shall be reduced by fifty percent of the amount of
financing under one or more additional equity commitment letters entered into after the date hereof providing for the issuance of additional preferred equity interests on terms and conditions not less favorable to the Buyer than the External Equity
Commitment Letters, provided that in no event shall the amount of the Commitment be less than $200,000,000. The Commitment, together with the proceeds of the External Financing (and the proceeds of any

 
Alternate Financing contemplated by Section 7.4 of the Purchase Agreement) shall be used by Buyer for the purpose of funding the payments required to be made by the Buyer on the Closing Date
pursuant to Section 2.1, Section 9.3(a) and Section 9.3(b) of the Purchase Agreement (collectively, the “Closing Payments”). To the extent that Investor shall have previously funded or caused to be funded all or a
portion of the Earnest Money Deposit in accordance with Section 1.3 of the Purchase Agreement, Investor’s Commitment shall be reduced by the amount of the Earnest Money Deposit so funded, and such funding of the Earnest Money Deposit shall
in no event be deemed to constitute a waiver or satisfaction of the terms and conditions set forth herein (including, without limitation, the conditions set forth in Section 2 below); provided, that, for the avoidance of doubt, the obligation
of Buyer to fund, and any amounts funded in respect of, the Earnest Money Deposit shall not be subject any terms, conditions or provisions of this Letter (including, without limitation, the conditions set forth in Section 2 below). Investor may
effect the contribution to the Buyer of its Commitment directly or indirectly through one or more Affiliates or other designated co-investors; provided, however, that the ability of Investor to effect
the contribution of its Commitment through such Affiliates or other co-investors will not in any way limit, relieve or otherwise affect any of Investor’s obligations hereunder (including the obligation to
funder the entire Commitment to the Buyer hereunder); and provided, further, that Buyer shall not (and, in connection with any exercise of Sellers’ rights under the final sentence of Section 3 hereof, the Sellers shall not) be
required to seek to enforce its rights against such Affiliates’ or other co-investors’ obligations prior to seeking to enforce its rights against Investor to require Investor to fund the entire
commitment hereunder. Notwithstanding anything else to the contrary in this Letter, under no circumstances shall (i) Investor be obligated pursuant to this Letter to contribute to, purchase equity or debt securities of or otherwise provide
funds to Buyer or any other Person, including TexMark Timber Treasury, L.P., a Delaware limited partnership, in any amount in excess of Investor’s Commitment, or (ii) the aggregate liability of Investor under this Letter exceed
Investor’s Commitment. 
 2.    Conditions. The obligation of Investor to fund its Commitment under this
Letter is subject solely to (i) the satisfaction in full of all of the conditions precedent to the obligations of Buyer set forth in Sections 8.1 and 8.2 of the Purchase Agreement (other than those conditions precedent that by their nature
are to be satisfied at the Closing, but subject to the concurrent satisfaction of such conditions precedent at the Closing) or, to the extent not satisfied, such conditions precedent shall have been waived by Buyer, (ii) the prior or concurrent
receipt by Buyer of the net cash proceeds of the Debt Financing (or the agent for the lenders in respect of the Debt Financing having confirmed that the Debt Financing will be funded subject only to the funding of the Equity Financing), (iii) the
prior or concurrent receipt by Buyer of the proceeds of the External Equity Financing contemplated by the External Equity Commitment Letters solely to the extent such proceeds, as to the External Equity Financing contemplated by any specific
External Equity Commitment Letter, when added to the proceeds of the Commitment hereunder, the External Equity Financing contemplated by each of the other External Equity Commitment Letters and the Debt Financing, are necessary to consummate the
Closing in accordance with the Purchase Agreement (or each of the providers of the External Equity Financing pursuant to the External Equity Commitment Letters having confirmed that the financing contemplated by the External Equity Commitment Letter
will be funded in not less than such amount subject only to the funding of the financing contemplated by this Letter, the External Equity Financing contemplated by each of the other External Equity Commitment

  
 2 

 
Letters and the Debt Financing), and (iv) the concurrent or substantially concurrent consummation of the Closing pursuant to the Purchase Agreement; provided, that, for the purposes
of the condition set forth in clause (iii) above as to the External Equity Financing contemplated by a specific External Equity Commitment Letter, such condition shall be deemed satisfied for all purposes of this Letter to the extent that an
injunction, specific performance or other equitable relief has been granted by a court of competent jurisdiction with respect to such investor in respect of such External Equity Commitment Letter and such obligation of Investor shall have been
funded, or shall be funded substantially concurrently with the funding of the Commitment hereunder, in accordance with such equitable relief granted. 

3.    Third Party Beneficiaries. This Letter shall inure to the benefit of and be binding upon Buyer and Investor.
Except as provided in Section 5 (with respect to which each Non-Recourse Party (as defined below) shall be a third party beneficiary) and as set forth in the immediately following sentence, the Parties
hereby agree that their respective representations, warranties and covenants set forth herein are solely for the benefit of the Parties hereto and their respective successors and permitted assigns, in accordance with and subject to the terms of this
Letter, and this Letter is not intended to, and does not, confer upon any Person other than the Parties hereto and their respective successors and permitted assigns any benefits, rights or remedies hereunder or any rights to enforce the Commitment
of Investor or any provision of this Letter. Notwithstanding anything to the contrary set forth herein, Investor acknowledges and agrees that (i) the Sellers are express and intended third party beneficiaries of this Letter and (ii) the
Sellers are entitled to seek an injunction or injunctions, specific performance or other equitable relief to prevent breaches of this Letter and to enforce specifically the terms and provisions hereof, including the right to specifically enforce,
(x) subject to the satisfaction of the conditions set forth in Section 2 of this Letter, the obligations of Investor to fund its entire Commitment hereunder) and (y) the obligations of each of Buyer and the Investor that is a
signatory hereto to comply with the provisions of Section 6 and Section 10 of this Letter, and not for any other purpose whatsoever (including any claim for monetary damages hereunder). 

4.    Termination. This Letter and all of the obligations of each Party hereunder will terminate automatically and
immediately upon the earliest to occur of (a) the consummation of the Closing and the funding in full of the Commitment pursuant to the terms hereof, (b) the valid termination of the Purchase Agreement in accordance with its terms, and
(c) the date that any Seller, any Company or any of their Affiliates asserts in any Legal Proceedings any claims (in law or equity) against Investor or any Non-Recourse Party (as defined below) of any
claim, in each case other than a Retained Claim, relating to this Letter, the Purchase Agreement or any of the transactions contemplated hereby or thereby (including in respect of any oral representations made or alleged to be made in connection
therewith) that are expressly prohibited by Section 5 below. Upon the valid termination of this Letter in accordance with this Section 4, all obligations hereunder will terminate and no Party shall have any liability whatsoever hereunder
to any Person. 
 5.    Non-Recourse Parties. 

(a)    Notwithstanding anything expressed or implied in this Letter to the contrary, and notwithstanding the fact that
Investor or its assignees are limited partnerships, limited liability companies or corporations, each Party, by its acceptance of the benefits hereof, covenants, agrees 

  
 3 

 
and acknowledges for itself and its Affiliates from time to time that (i) no Persons other than the Investor and Buyer shall have any obligation hereunder or in connection with the
transactions contemplated hereby and (ii) no recourse hereunder or under any documents or instruments delivered in connection herewith or in respect of any oral representations made or alleged to be made in connection herewith or therewith, in
each case, shall be had against any (1) former, current or future equity holder (whether a limited or general partner, member, stockholder or otherwise), controlling person, director, officer, employee, agent, manager, representative or
Affiliate of Investor (other than Buyer) or (2) former, current or future equity holder (whether a limited or general partner, member, stockholder or otherwise), controlling person, director, officer, employee, agent, manager, representative or
Affiliate of any of the Persons listed in the preceding clause (1) (such persons, collectively but specifically excluding Investor and Buyer, the “Non-Recourse Parties”), whether by the
enforcement of any assessment, by any legal or equitable proceedings or by virtue of any applicable Law, whether by or through attempted piercing of the corporate, limited liability company, limited company or limited partnership veil, by or through
a claim by or on behalf of Buyer against Investor or any of the Non-Recourse Parties, by or through any Seller against Investor or any of the Non-Recourse Parties, by
the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any applicable Law, or otherwise, in each case, other than a Retained Claim. For the purposes hereof, the term “Retained Claim” means
(i) any proceeding, litigation or claim to specifically enforce the obligations of the Investor hereunder, and (ii) any proceeding, litigation or claim in connection with the Non-Disclosure
Agreement. 
 (b)    It is expressly agreed and acknowledged that, except with respect to any Retained Claim, no
personal liability whatsoever shall attach to, be imposed on, or otherwise be incurred by any Non-Recourse Party, as such, for any obligations of Investor under this Letter or any documents or instruments
delivered in connection herewith or in respect of any oral representations made or alleged to be made in connection herewith or therewith or for any claim based on, in respect of, or by reason of, such obligations or their creation, in each case.

 6.    Assignment. 

(a)    Buyer may not assign this Letter or its rights, interests or obligations under this Letter, in whole or in part,
without the prior written consent of Investor and the Sellers, and any attempted assignment in derogation of the foregoing shall be null and void and of no force and effect, provided that Buyer may assign its rights, interests or obligations under
this Letter without further liability to one or more Affiliates of Buyer to whom Buyer has assigned its rights, interests or obligations under the Purchase Agreement pursuant to, and in accordance with, the last sentence of Section 14.3 of the
Purchase Agreement; provided that no such assignment shall be effective unless and until the Closing shall occur and all amounts payable under Section 9.3(a) and 9.3(b) of the Purchase Agreement are paid in full. 

(b)    No Investor may assign this Letter or its rights, interests or obligations hereunder, in whole or in part, without
the prior written consent of Buyer and each Seller; provided, however, that without the consent of Buyer or the Sellers, Investor may (subject to the following proviso) assign its rights, interests and obligations under this Letter to one or
more of Investor’s Affiliates; provided, further, that (i) no such assignment shall relieve Investor of its obligations 

  
 4 

 
to fund the entire Commitment hereunder and (ii) Buyer shall not (and, in connection with any exercise of Sellers’ rights under the final sentence of Section 3 hereof, the Sellers
shall not) be required to seek to enforce its rights against any such assignee prior to seeking to enforce its rights against Investor to cause Investor to fund its entire Commitment hereunder. Any purported assignment or transfer in violation of
the preceding sentence shall be null and void and of no force and effect. 
 7.    Specific Performance. The
Parties agree that irreparable damage would occur in the event that any of the provisions of this Letter were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that Buyer shall be entitled to
an injunction or injunctions or other equitable relief to prevent breaches or threatened breaches of this Letter by Investor and to enforce specifically against Investor the terms and provisions of this Letter, but, with respect to Investor’s
obligation to fund the Commitment, only in the event that the conditions set forth in Section 2 hereof have been satisfied or waived in writing by Investor, and shall not be required to provide any bond or other security in connection with any
such injunction or other relief. The Parties agree that Buyer shall not be entitled to waive its rights to, or agree with any Person not to pursue, specific performance against Investor where the conditions to funding set forth in Section 2
hereof are satisfied. The remedies permitted under this Section 7 shall be addition to any other remedy to which Buyer is entitled at Law or in equity. In addition, the Sellers shall be entitled to specifically enforce the obligations of
Investor hereunder directly against Investor as provided in the last sentence of Section 3. 

8.    Representations and Warranties. Investor represents and warrants to Buyer that: (a) it is duly
organized, validly existing and in good standing under the applicable Laws of the state or jurisdiction of its organization or formation; (b) it has the requisite capacity, power and authority to execute and deliver this Letter and to perform
its obligations hereunder; (c) the execution and delivery of this Letter by it and the performance of its obligations hereunder have been duly and validly authorized and approved by all necessary corporate action, and no other proceedings or
actions on the part of it are necessary therefor; (d) this Letter has been duly and validly executed and delivered by it and, assuming the due authorization, execution and delivery of this Letter by the other Parties hereto, constitutes a
legal, valid and binding agreement of it enforceable against it in accordance with its terms (subject, in the case of enforceability, to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other Laws affecting
creditors rights generally and general principles of equity); (e) all consents, approvals, authorizations, permits of, filings with and notifications to, any Governmental Authority necessary for the due execution, delivery and performance of this
Letter by it have been obtained or made and all conditions thereof have been duly complied with, and no other action by, and no notice to or filing with, any Governmental Authority is required in connection with its execution, delivery or
performance of this Letter; (f) the execution and delivery of this Letter by it and the performance by it of its obligations hereunder do not and will not (i) violate, conflict with or constitute a default under the Organizational
Documents of Investor, (ii) violate or conflict with in any material respect any Laws applicable to Investor, or (ii) result in any violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right
of termination, cancellation or acceleration of any obligation or to the loss of any benefit under, any material contract to which Investor is a party, except to the extent such violation, default does not prevent or materially delay or impair
Investor’s ability to perform its 

  
 5 

 
obligations under this Letter, and (g) Investor has and will have until such time that its Commitment is terminated pursuant to the terms hereof (i) immediately available funds, or
(ii) the legally enforceable (subject to the General Enforceability Exceptions) right to call and obtain funds from one or more third parties, as applicable, upon no more than ten (10) Business Days’ notice (without any conditions
that would materially interfere with the Investor’s ability to obtain such funds), in an amount in excess of Investor’s Commitment under this Letter. 

9.    Confidentiality. The existence of this Letter and the contents hereof shall be treated as strictly
confidential by Buyer and Investor, and this Letter may not be disclosed, distributed, circulated, quoted or referred to in any document by Buyer or Investor or any of their respective Affiliates except with the prior written consent of the other
Parties; provided, however, that the existence of this Letter and the contents hereof may be disclosed, without the prior consent of any Party (i) in the Purchase Agreement and the agreements regarding the External Financing,
(ii) to the Sellers or the Debt Financing Sources, provided that each Seller or Debt Financing Source agrees to keep such information confidential to the extent provided in the Purchase Agreement, (iii) by Buyer, Investor or any Seller to
its Representatives (as defined below) whom Buyer, Investor or such Seller reasonably determines need to know such information, provided that such Representatives are informed of the confidential nature of this Letter and agree to keep such
information confidential on terms that are substantially identical to the terms contained in this Section 9, (v) to the extent required by applicable Law, the applicable rules of any national securities exchange or in connection with any filing
with the Securities and Exchange Commission relating to the transactions contemplated by the Purchase Agreement, or (vi) in connection with the enforcement of any obligations or rights under this Letter. As used in this Letter, the term
“Representative” shall mean, with respect to any Party, such Party’s Affiliates and such Party’s and its Affiliates’ respective partners, members, directors, officers, employees, potential financing sources and
lenders, advisors (including without limitation, financial, legal and accounting advisors and consultants), agents, and representatives. 

10.    Amendment; Entire Agreement. This Letter may not be amended, modified, restated or waived without the prior
written consent of each of Buyer, Investor and the Sellers. This Letter contains the entire agreement between the Parties and supersedes all prior agreements, understandings and statements, written or oral, between or among any of the Parties with
respect to the subject matter hereof and the transactions contemplated hereby, provided that the Investor may increase (but not decrease) the amount of the Commitment of the Investor hereunder without the prior written consent of Buyer or the
Sellers. 
 11.    Severability. If any term or other provision of this Letter is invalid, illegal or incapable
of being enforced by any rule of Law or public policy, all other conditions and provisions of this Letter shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not
affected in any manner materially adverse to any Party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Buyer, Investor and the Sellers shall negotiate in good faith to modify
this Letter so as to effect the original intent of the parties as closely as possible to the fullest extent permitted by applicable Law in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent
possible. 

  
 6 

 12.    Governing Law; Jurisdiction. This Letter, and all claims or
causes of actions based upon, arising out of, or related to this Letter, including issues and questions concerning the construction, validity, interpretation and enforceability of this Letter, shall be governed by and construed in accordance with
the Laws of the State of New York, without giving effect to any choice or conflict of Law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the
State of New York. In addition, each of the parties hereto irrevocably agrees that any action with respect to this Letter and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Letter
and the rights and obligations arising hereunder brought by the other party hereto or its successors or assigns, shall be brought and determined exclusively in the Supreme Court of the State of New York, New York County, or, only if such court
declines to accept jurisdiction over a particular matter, then in the United States District Court for the Southern District of New York sitting in the Borough of Manhattan, in the City of New York, or if jurisdiction is not then available in the
United States District Court for the Southern District of New York sitting in the Borough of Manhattan, in the City of New York (but only in such event), then in any New York state court sitting in New York County, and, in each case, appellate
courts therefrom. Each of the parties hereto hereby irrevocably submits with regard to any such action or proceeding for itself and in respect of its property, generally and unconditionally, to the personal jurisdiction of the aforesaid courts and
agrees that it will not bring any action relating to this Letter or any of the transactions contemplated by this Letter in any court other than the aforesaid courts. Each of the parties hereto hereby irrevocably waives, and agrees not to assert as a
defense, counterclaim or otherwise, in any action or proceeding with respect to this Letter, (i) any claim that it is not personally subject to the jurisdiction of the above named courts for any reason, (ii) any claim that it or its
property is exempt or immune from the jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of
judgment or otherwise) and (iii) to the fullest extent permitted by applicable Law, any claim that (x) the suit, action or proceeding in such court is brought in an inconvenient forum, (y) the venue of such suit, action or proceeding
is improper (unless such suit, action or proceeding is not brought in accordance with this Section 12) or (z) this Letter, or the subject matter hereof, may not be enforced in or by such courts. 

13.    WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS LETTER OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

14.    Counterparts. This Letter may be executed in any number of counterparts and by the Parties in separate
counterparts (including by facsimile or via email by .pdf delivery), with each such counterpart when executed being deemed to be an original instrument, and all such counterparts taken together constituting one and the same instrument. 

[The remainder of this page is intentionally left blank.] 

  
 7 

			
	Sincerely,
	
	INVESTOR:
	
	CATCHMARK TIMBER OPERATING PARTNERSHIP, L.P.
	
	     By: CATCHMARK TIMBER TRUST, INC.
	     its General Partner
		
	     By:	 	 /s/ Brian M. Davis

		 	Name:  Brian M. Davis
		 	 Title:    Senior Vice President and

             Chief Financial Officer

  

	
	Agreed to and accepted:
	
	BUYER:
	
	CREEK PINE HOLDINGS, LLC
	
	   By: TIMBERLANDS II, LLC, as Sole Member
	
	         By: CATCHMARK TIMBER OPERATING PARTNERSHIP, L.P., as Manager
	
	               By: CATCHMARK TIMBER TRUST, INC., as General Partner

 

			
	               By:	 	 /s/ Brian M. Davis

	               Name:	 	Brian M. Davis
	               Title:	 	 Senior Vice President and
 Chief Financial
Officer

  
 [Signature Page to Equity
Commitment Letter]

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