Scott Chisholm San Francisco, CA 94115 Dear Scott:Transition and Separation Agreement • June 11th, 2013 • Redwood Trust Inc • Real estate investment trusts
This Transition and Separation Agreement (the "Agreement") confirms the agreement between Redwood Trust, Inc. (together with its subsidiaries and affiliates, the “Company”) and you regarding your transition and separation from the Company as of the earlier of July 1, 2013 or the date upon which your employment is otherwise terminated by you or the Company (the “Separation Date”). The Company has no liability to you for severance pay or for any other reason. Nonetheless, contingent upon your provision of the transition services detailed herein, and to assist you in transitioning to other employment, the Company has agreed to make the payments set forth in this Agreement, to which payments you agree you are not otherwise entitled, subject to the terms and conditions set forth below.
