INTEREST EXCHANGE AGREEMENTTransfer and Waiver Agreement • November 9th, 2021 • Ready Capital Corp • Real estate investment trusts • Delaware
This INTEREST EXCHANGE AGREEMENT (this “Agreement”), dated as of November 3, 2021, is entered into by and among Ready Capital Corporation, a Maryland corporation (“Parent”), Sutherland Partnership, LP, a Delaware limited partnership (“Operating Partnership”), MREC Management, LLC, a Delaware limited liability company (the “Manager”), MREC Special Member, LLC, a Delaware limited liability company (“Special Member” and together with the Manager, the “Incentive Parties”), JulJak, LLC, a Delaware limited liability company (“JulJak”), Mosaic Secure Holdings, LLC, a Delaware limited liability company (“MSH”), LA Real Estate Finance, LLC, a California limited liability company (“LAREF”), Mosaic Real Estate Investors, LLC, a Delaware limited liability company (“MREI”) and Mr. Ethan Penner, a resident of the State of California (“Penner”). Parent and the Operating Partnership are sometimes referred to individually in this Agreement as a “Parent Party” or collectively as the “Parent Parties” and
